Liquarto: 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.
Liquarto
Largest movements
- Cash +€18,450
up €18,450 (+74.1%), from €24,886 to €43,336
mainly Net result for the year (+€41,201) and Trade debts (+€37,587)
- Tangible fixed assets +€17,307
up €17,307 (+372%), from €4,655 to €21,962
- Receivables within one year +€6,517
up €6,517 (+2.7%), from €243,982 to €250,499
of which Other amounts receivable: +€7,683
- Trade debts +€37,587
up €37,587 (+62.6%), from €59,996 to €97,583
- Other debts -€33,867
down €33,867 (-61.9%), from €54,677 to €20,810
- Profit (loss) carried forward +€24,528
up €24,528 (+147%), from €16,674 to €41,201
- Reserves +€16,674
up €16,674 (+14.4%), from €115,442 to €132,116
- Gross operating margin +€67,540
up €67,540 (+180%), from €37,485 to €105,025
- Other operating charges +€31,118
up €31,118 (+288%), from €10,809 to €41,928
- Taxes +€9,329
up €9,329 (+110%), from €8,511 to €17,841
- Depreciation +€2,601
up €2,601 (+209%), from €1,243 to €3,844
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 | €273,522 | €318,151 | +€44,629 | +16.3% |
| Fixed assets | 21/28 | €4,655 | €21,962 | +€17,307 | +372% |
| Tangible fixed assets | 22/27 | €4,655 | €21,962 | +€17,307 | +372% |
| Furniture and vehicles | 24 | €4,655 | €21,962 | +€17,307 | +372% |
| Current assets | 29/58 | €268,867 | €296,189 | +€27,321 | +10.2% |
| Amounts receivable within one year | 40/41 | €243,982 | €250,499 | +€6,517 | +2.7% |
| Trade receivables | 40 | €235,882 | €234,716 | -€1,166 | -0.5% |
| Other amounts receivable | 41 | €8,100 | €15,783 | +€7,683 | +94.9% |
| Cash at bank and in hand | 54/58 | €24,886 | €43,336 | +€18,450 | +74.1% |
| Deferred charges and accrued income | 490/1 | - | €2,354 | +€2,354 | |
| Total equity and liabilities | 10/49 | €273,522 | €318,151 | +€44,629 | +16.3% |
| Equity | 10/15 | €150,716 | €191,917 | +€41,201 | +27.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €115,442 | €132,116 | +€16,674 | +14.4% |
| Distributable reserves | 133 | €115,442 | €132,116 | +€16,674 | +14.4% |
| Profit (loss) carried forward | 14 | €16,674 | €41,201 | +€24,528 | +147% |
| Amounts payable | 17/49 | €122,807 | €126,234 | +€3,427 | +2.8% |
| Amounts payable within one year | 42/48 | €122,807 | €126,234 | +€3,427 | +2.8% |
| Trade debts | 44 | €59,996 | €97,583 | +€37,587 | +62.6% |
| Suppliers | 440/4 | €59,996 | €97,583 | +€37,587 | +62.6% |
| Taxes, remuneration and social security | 45 | €8,133 | €7,841 | -€293 | -3.6% |
| Taxes | 450/3 | €8,133 | €7,841 | -€293 | -3.6% |
| Other amounts payable | 47/48 | €54,677 | €20,810 | -€33,867 | -61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,243 | €3,844 | +€2,601 | +209% |
| Other operating charges | 640/8 | €10,809 | €41,928 | +€31,118 | +288% |
| Gross operating margin | 9900 | €37,485 | €105,025 | +€67,540 | +180% |
| Operating profit (loss) | 9901 | €25,433 | €59,254 | +€33,821 | +133% |
| Financial income | 75/76B | €0 | €94 | +€94 | |
| Recurring financial income | 75 | €0 | €94 | +€94 | |
| Financial charges | 65/66B | €248 | €306 | +€58 | +23.5% |
| Recurring financial charges | 65 | €248 | €306 | +€58 | +23.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €25,185 | €59,042 | +€33,857 | +134% |
| Income taxes | 67/77 | €8,511 | €17,841 | +€9,329 | +110% |
| Profit (loss) for the period | 9904 | €16,674 | €41,201 | +€24,528 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €16,674 | €41,201 | +€24,528 | +147% |
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 23 October 2026 via checked.be.