LIQNUM: what changed
LIQNUM
Largest movements
- Tangible fixed assets -€49,246
down €49,246 (-9.1%), from €541,304 to €492,057
of which Furniture and vehicles: -€42,083
- Receivables within one year +€44,405
up €44,405 (+46.2%), from €96,017 to €140,422
of which Trade receivables: +€27,445
- Cash -€15,047
down €15,047 (-18.2%), from €82,863 to €67,816
mainly Debts after one year (-€45,933) and Receivables within one year (-€44,405)
- Debts after one year -€45,933
down €45,933 (-22.5%), from €204,141 to €158,209
- Reserves +€44,199
up €44,199 (+12.8%), from €345,496 to €389,695
- Current portion of long-term debt -€19,906
down €19,906 (-30.2%), from €65,839 to €45,933
- Other debts -€13,543
down €13,543 (-22.0%), from €61,486 to €47,943
- Trade debts +€8,059
up €8,059 (+190%), from €4,249 to €12,308
- Gross operating margin +€39,510
up €39,510 (+20.7%), from €190,961 to €230,471
- Depreciation +€23,218
up €23,218 (+41.9%), from €55,474 to €78,692
- Staff costs +€15,133
up €15,133 (+24.2%), from €62,615 to €77,748
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €732,591 | €707,895 | -€24,696 | -3.4% |
| Fixed assets | 21/28 | €541,939 | €492,692 | -€49,246 | -9.1% |
| Tangible fixed assets | 22/27 | €541,304 | €492,057 | -€49,246 | -9.1% |
| Land and buildings | 22 | €284,007 | €276,677 | -€7,331 | -2.6% |
| Plant, machinery and equipment | 23 | €27,768 | €27,935 | +€167 | +0.6% |
| Furniture and vehicles | 24 | €229,529 | €187,446 | -€42,083 | -18.3% |
| Financial fixed assets | 28 | €635 | €635 | = | 0.0% |
| Current assets | 29/58 | €190,652 | €215,202 | +€24,550 | +12.9% |
| Amounts receivable within one year | 40/41 | €96,017 | €140,422 | +€44,405 | +46.2% |
| Trade receivables | 40 | €95,957 | €123,402 | +€27,445 | +28.6% |
| Other amounts receivable | 41 | €60 | €17,020 | +€16,960 | +28,042% |
| Cash at bank and in hand | 54/58 | €82,863 | €67,816 | -€15,047 | -18.2% |
| Deferred charges and accrued income | 490/1 | €11,771 | €6,964 | -€4,808 | -40.8% |
| Total equity and liabilities | 10/49 | €732,591 | €707,895 | -€24,696 | -3.4% |
| Equity | 10/15 | €365,496 | €409,695 | +€44,199 | +12.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €345,496 | €389,695 | +€44,199 | +12.8% |
| Distributable reserves | 133 | €345,496 | €389,695 | +€44,199 | +12.8% |
| Amounts payable | 17/49 | €367,095 | €298,200 | -€68,895 | -18.8% |
| Amounts payable after more than one year | 17 | €204,141 | €158,209 | -€45,933 | -22.5% |
| Financial debts | 170/4 | €204,141 | €158,209 | -€45,933 | -22.5% |
| Amounts payable within one year | 42/48 | €158,742 | €136,324 | -€22,418 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €65,839 | €45,933 | -€19,906 | -30.2% |
| Trade debts | 44 | €4,249 | €12,308 | +€8,059 | +190% |
| Suppliers | 440/4 | €4,249 | €12,308 | +€8,059 | +190% |
| Taxes, remuneration and social security | 45 | €27,168 | €30,139 | +€2,972 | +10.9% |
| Taxes | 450/3 | €15,342 | €19,119 | +€3,777 | +24.6% |
| Remuneration and social security | 454/9 | €11,826 | €11,021 | -€806 | -6.8% |
| Other amounts payable | 47/48 | €61,486 | €47,943 | -€13,543 | -22.0% |
| Accrued charges and deferred income | 492/3 | €4,212 | €3,668 | -€545 | -12.9% |
| Remuneration, social security and pensions | 62 | €62,615 | €77,748 | +€15,133 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,474 | €78,692 | +€23,218 | +41.9% |
| Other operating charges | 640/8 | €4,119 | €3,168 | -€951 | -23.1% |
| Non-recurring operating charges | 66A | €1,063 | €63 | -€999 | -94.0% |
| Gross operating margin | 9900 | €190,961 | €230,471 | +€39,510 | +20.7% |
| Operating profit (loss) | 9901 | €67,691 | €70,799 | +€3,109 | +4.6% |
| Financial income | 75/76B | €83 | €404 | +€321 | +386% |
| Recurring financial income | 75 | €83 | €404 | +€321 | +386% |
| Financial charges | 65/66B | €10,636 | €11,698 | +€1,062 | +10.0% |
| Recurring financial charges | 65 | €10,636 | €11,698 | +€1,062 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €57,138 | €59,505 | +€2,367 | +4.1% |
| Income taxes | 67/77 | €16,694 | €15,306 | -€1,388 | -8.3% |
| Profit (loss) for the period | 9904 | €40,444 | €44,199 | +€3,755 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,444 | €44,199 | +€3,755 | +9.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.