Liftman: 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.
Liftman
Largest movements
- Receivables within one year +€665,373
up €665,373 (+44.6%), from €1.5m to €2.2m
of which Trade receivables: +€750,420
- Tangible fixed assets +€162,363
up €162,363 (+6.3%), from €2.6m to €2.7m
of which Land and buildings: +€145,471
- Cash -€77,549
down €77,549 (-41.3%), from €187,935 to €110,386
mainly Receivables within one year (-€665,373) and Debts after one year (-€391,143)
- Other debts +€866,227
up €866,227 (+57.1%), from €1.5m to €2.4m
- Debts after one year -€391,143
down €391,143 (-12.2%), from €3.2m to €2.8m
- Reserves +€335,622
up €335,622 (+23.3%), from €1.4m to €1.8m
of which Tax-exempt reserves: +€252,600
- Trade debts -€135,713
down €135,713 (-69.9%), from €194,088 to €58,375
- Other operating charges -€223,258
down €223,258 (-94.5%), from €236,156 to €12,898
- Gross operating margin +€173,493
up €173,493 (+24.2%), from €717,149 to €890,641
- Taxes +€99,256
up €99,256 (+185%), from €53,698 to €152,955
- Depreciation +€41,744
up €41,744 (+69.8%), from €59,837 to €101,581
- Financial charges -€18,083
down €18,083 (-13.7%), from €132,139 to €114,056
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 | €6,707,098 | €7,459,957 | +€752,859 | +11.2% |
| Fixed assets | 21/28 | €5,026,173 | €5,188,536 | +€162,363 | +3.2% |
| Tangible fixed assets | 22/27 | €2,570,773 | €2,733,136 | +€162,363 | +6.3% |
| Land and buildings | 22 | €2,566,462 | €2,711,932 | +€145,471 | +5.7% |
| Furniture and vehicles | 24 | €4,311 | €21,204 | +€16,893 | +392% |
| Financial fixed assets | 28 | €2,455,400 | €2,455,400 | = | 0.0% |
| Current assets | 29/58 | €1,680,925 | €2,271,421 | +€590,496 | +35.1% |
| Amounts receivable within one year | 40/41 | €1,492,990 | €2,158,364 | +€665,373 | +44.6% |
| Trade receivables | 40 | €1,367,943 | €2,118,364 | +€750,420 | +54.9% |
| Other amounts receivable | 41 | €125,047 | €40,000 | -€85,047 | -68.0% |
| Cash at bank and in hand | 54/58 | €187,935 | €110,386 | -€77,549 | -41.3% |
| Deferred charges and accrued income | 490/1 | €0 | €2,672 | +€2,672 | |
| Total equity and liabilities | 10/49 | €6,707,098 | €7,459,957 | +€752,859 | +11.2% |
| Equity | 10/15 | €1,460,002 | €1,795,624 | +€335,622 | +23.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,441,452 | €1,777,074 | +€335,622 | +23.3% |
| Non-distributable reserves | 130/1 | €1,855 | €0 | -€1,855 | -100% |
| Reserves not available under the articles | 1311 | €1,855 | €0 | -€1,855 | -100% |
| Tax-exempt reserves | 132 | - | €252,600 | +€252,600 | |
| Distributable reserves | 133 | €1,439,597 | €1,524,474 | +€84,877 | +5.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €5,247,096 | €5,664,333 | +€417,237 | +8.0% |
| Amounts payable after more than one year | 17 | €3,205,433 | €2,814,290 | -€391,143 | -12.2% |
| Financial debts | 170/4 | €3,205,433 | €2,814,290 | -€391,143 | -12.2% |
| Amounts payable within one year | 42/48 | €2,041,663 | €2,850,043 | +€808,379 | +39.6% |
| Current portion of amounts payable after more than one year | 42 | €321,207 | €360,236 | +€39,028 | +12.2% |
| Trade debts | 44 | €194,088 | €58,375 | -€135,713 | -69.9% |
| Suppliers | 440/4 | €194,088 | €58,375 | -€135,713 | -69.9% |
| Taxes, remuneration and social security | 45 | €10,453 | €49,290 | +€38,837 | +372% |
| Taxes | 450/3 | €8,153 | €49,290 | +€41,137 | +505% |
| Remuneration and social security | 454/9 | €2,300 | €0 | -€2,300 | -100% |
| Other amounts payable | 47/48 | €1,515,916 | €2,382,142 | +€866,227 | +57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,837 | €101,581 | +€41,744 | +69.8% |
| Other operating charges | 640/8 | €236,156 | €12,898 | -€223,258 | -94.5% |
| Gross operating margin | 9900 | €717,149 | €890,641 | +€173,493 | +24.2% |
| Operating profit (loss) | 9901 | €421,156 | €776,163 | +€355,007 | +84.3% |
| Financial income | 75/76B | €1,753 | €2,941 | +€1,188 | +67.7% |
| Recurring financial income | 75 | €1,753 | €2,941 | +€1,188 | +67.7% |
| Financial charges | 65/66B | €132,139 | €114,056 | -€18,083 | -13.7% |
| Recurring financial charges | 65 | €132,139 | €114,056 | -€18,083 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €290,770 | €665,048 | +€374,277 | +129% |
| Income taxes | 67/77 | €53,698 | €152,955 | +€99,256 | +185% |
| Profit (loss) for the period | 9904 | €237,072 | €512,093 | +€275,021 | +116% |
| Transfer to tax-exempt reserves | 689 | - | €252,600 | +€252,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €237,072 | €259,493 | +€22,421 | +9.5% |
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 20 October 2026 via checked.be.