Lievic: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Lievic
Largest movements
- Tangible fixed assets -€138,572
down €138,572 (-96.5%), from €143,556 to €4,984
of which Land and buildings: -€117,515
- Cash +€111,286
up €111,286 (+193%), from €57,679 to €168,965
mainly Investment in fixed assets (net) (+€123,150) and Provisions (+€86,170)
- Receivables within one year +€6,392
new in 2025: €6,392
of which Trade receivables: +€4,124
- Stocks and contracts -€5,951
no longer reported in 2025 (was €5,951)
- Financial fixed assets -€3,600
no longer reported in 2025 (was €3,600)
- Provisions +€86,170
up €86,170 (+623%), from €13,840 to €100,010
of which Provisions for liabilities and charges: +€100,010
- Debts after one year -€68,935
no longer reported in 2025 (was €68,935)
- Current portion of long-term debt -€37,234
down €37,234 (-87.2%), from €42,676 to €5,442
- Trade debts -€7,492
down €7,492 (-75.4%), from €9,940 to €2,448
- Reserves -€5,777
down €5,777 (-7.1%), from €81,478 to €75,701
of which Tax-exempt reserves: -€41,570
- Gross operating margin +€62,059
up €62,059 (+104%), from €59,655 to €121,714
- Depreciation -€27,816
down €27,816 (-59.4%), from €46,838 to €19,022
- Taxes +€13,739
up €13,739 (+344%), from €3,992 to €17,731
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €310,795 | €280,351 | -€30,444 | -9.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €147,156 | €4,984 | -€142,172 | -96.6% |
| Tangible fixed assets | 22/27 | €143,556 | €4,984 | -€138,572 | -96.5% |
| Land and buildings | 22 | €117,515 | - | -€117,515 | |
| Plant, machinery and equipment | 23 | €3,777 | €620 | -€3,157 | -83.6% |
| Furniture and vehicles | 24 | €22,264 | €4,364 | -€17,899 | -80.4% |
| Financial fixed assets | 28 | €3,600 | - | -€3,600 | |
| Current assets | 29/58 | €163,639 | €275,367 | +€111,728 | +68.3% |
| Stocks and contracts in progress | 3 | €5,951 | - | -€5,951 | |
| Stocks | 30/36 | €5,951 | - | -€5,951 | |
| Amounts receivable within one year | 40/41 | - | €6,392 | +€6,392 | |
| Trade receivables | 40 | - | €4,124 | +€4,124 | |
| Other amounts receivable | 41 | - | €2,269 | +€2,269 | |
| Current investments | 50/53 | €100,010 | €100,010 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,679 | €168,965 | +€111,286 | +193% |
| Total equity and liabilities | 10/49 | €310,795 | €280,351 | -€30,444 | -9.8% |
| Equity | 10/15 | €154,898 | €149,121 | -€5,777 | -3.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €81,478 | €75,701 | -€5,777 | -7.1% |
| Non-distributable reserves | 130/1 | €2,908 | €2,908 | = | 0.0% |
| Legal reserve | 130 | €2,908 | €2,908 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,570 | - | -€41,570 | |
| Distributable reserves | 133 | €37,000 | €72,793 | +€35,793 | +96.7% |
| Profit (loss) carried forward | 14 | €11,420 | €11,420 | = | 0.0% |
| Provisions and deferred taxes | 16 | €13,840 | €100,010 | +€86,170 | +623% |
| Provisions for liabilities and charges | 160/5 | - | €100,010 | +€100,010 | |
| Environmental obligations | 163 | - | €100,010 | +€100,010 | |
| Deferred taxes | 168 | €13,840 | - | -€13,840 | |
| Amounts payable | 17/49 | €142,058 | €31,220 | -€110,838 | -78.0% |
| Amounts payable after more than one year | 17 | €68,935 | - | -€68,935 | |
| Financial debts | 170/4 | €68,935 | - | -€68,935 | |
| Amounts payable within one year | 42/48 | €73,122 | €31,220 | -€41,902 | -57.3% |
| Current portion of amounts payable after more than one year | 42 | €42,676 | €5,442 | -€37,234 | -87.2% |
| Trade debts | 44 | €9,940 | €2,448 | -€7,492 | -75.4% |
| Suppliers | 440/4 | €9,940 | €2,448 | -€7,492 | -75.4% |
| Taxes, remuneration and social security | 45 | €6,401 | €6,435 | +€35 | +0.5% |
| Taxes | 450/3 | €6,401 | €3,954 | -€2,447 | -38.2% |
| Remuneration and social security | 454/9 | - | €2,482 | +€2,482 | |
| Other amounts payable | 47/48 | €14,106 | €16,895 | +€2,789 | +19.8% |
| Non-recurring operating income | 76A | - | €138,100 | +€138,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,838 | €19,022 | -€27,816 | -59.4% |
| Other operating charges | 640/8 | €1,499 | €1,036 | -€463 | -30.9% |
| Non-recurring operating charges | 66A | - | €100,010 | +€100,010 | |
| Gross operating margin | 9900 | €59,655 | €121,714 | +€62,059 | +104% |
| Operating profit (loss) | 9901 | €11,317 | €1,645 | -€9,672 | -85.5% |
| Financial income | 75/76B | €3 | €8 | +€5 | +187% |
| Recurring financial income | 75 | €3 | €8 | +€5 | +187% |
| Financial charges | 65/66B | €2,575 | €3,539 | +€964 | +37.4% |
| Recurring financial charges | 65 | €2,575 | €3,539 | +€964 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €8,745 | -€1,886 | -€10,630 | |
| Transfer from deferred taxes | 780 | €1,112 | €13,840 | +€12,728 | +1,145% |
| Income taxes | 67/77 | €3,992 | €17,731 | +€13,739 | +344% |
| Profit (loss) for the period | 9904 | €5,865 | -€5,777 | -€11,642 | |
| Transfer from tax-exempt reserves | 789 | €3,339 | €41,570 | +€38,230 | +1,145% |
| Profit (loss) for the period to be appropriated | 9905 | €9,204 | €35,793 | +€26,589 | +289% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.