LIQUID BRANDS: 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.
LIQUID BRANDS
Largest movements
- Tangible fixed assets +€47,278
up €47,278 (+50.6%), from €93,448 to €140,726
of which Land and buildings: +€29,038
- Receivables within one year -€27,529
down €27,529 (-27.2%), from €101,179 to €73,650
of which Trade receivables: -€36,587
- Deferred charges and accrued income -€17,530
down €17,530 (-41.5%), from €42,288 to €24,758
- Stocks and contracts -€10,929
down €10,929 (-37.1%), from €29,421 to €18,492
- Other debts -€101,331
down €101,331 (-51.2%), from €197,774 to €96,442
- Trade debts +€68,244
up €68,244 (+184.1%), from €37,071 to €105,314
- Debts after one year -€27,234
down €27,234 (-100.0%), from €27,234 to €0
- Profit (loss) carried forward +€23,957
up €23,957 (+94.4%), from -€25,366 to -€1,409
- Current portion of long-term debt +€17,149
up €17,149 (+170.0%), from €10,085 to €27,234
- Gross operating margin +€61,709
up €61,709 (+91.2%), from €67,666 to €129,375
- Staff costs +€36,399
up €36,399 (+445.8%), from €8,164 to €44,563
- Depreciation +€11,103
up €11,103 (+38.9%), from €28,578 to €39,681
- Other operating charges +€5,764
up €5,764 (+82.8%), from €6,960 to €12,724
- Taxes +€1,324
up €1,324 (+29.9%), from €4,426 to €5,750
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.
Cash bridge derived
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 | €276,943 | €269,720 | -€7,223 | -2.6% |
| Fixed assets | 21/28 | €93,448 | €140,726 | +€47,278 | +50.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €93,448 | €140,726 | +€47,278 | +50.6% |
| Land and buildings | 22 | - | €29,038 | +€29,038 | |
| Plant, machinery and equipment | 23 | €29,877 | €34,449 | +€4,572 | +15.3% |
| Furniture and vehicles | 24 | €63,571 | €77,239 | +€13,668 | +21.5% |
| Current assets | 29/58 | €183,495 | €128,993 | -€54,501 | -29.7% |
| Stocks and contracts in progress | 3 | €29,421 | €18,492 | -€10,929 | -37.1% |
| Stocks | 30/36 | €29,421 | €18,492 | -€10,929 | -37.1% |
| Amounts receivable within one year | 40/41 | €101,179 | €73,650 | -€27,529 | -27.2% |
| Trade receivables | 40 | €96,723 | €60,137 | -€36,587 | -37.8% |
| Other amounts receivable | 41 | €4,456 | €13,513 | +€9,057 | +203.2% |
| Cash at bank and in hand | 54/58 | €10,606 | €12,093 | +€1,487 | +14.0% |
| Deferred charges and accrued income | 490/1 | €42,288 | €24,758 | -€17,530 | -41.5% |
| Total equity and liabilities | 10/49 | €276,943 | €269,720 | -€7,223 | -2.6% |
| Equity | 10/15 | -€6,766 | €17,191 | +€23,957 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,366 | -€1,409 | +€23,957 | +94.4% |
| Amounts payable | 17/49 | €283,709 | €252,529 | -€31,180 | -11.0% |
| Amounts payable after more than one year | 17 | €27,234 | €0 | -€27,234 | -100.0% |
| Financial debts | 170/4 | €27,234 | €0 | -€27,234 | -100.0% |
| Amounts payable within one year | 42/48 | €255,008 | €252,529 | -€2,479 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €10,085 | €27,234 | +€17,149 | +170.0% |
| Trade debts | 44 | €37,071 | €105,314 | +€68,244 | +184.1% |
| Suppliers | 440/4 | €37,071 | €105,314 | +€68,244 | +184.1% |
| Taxes, remuneration and social security | 45 | €10,078 | €23,538 | +€13,460 | +133.6% |
| Taxes | 450/3 | €8,993 | €11,682 | +€2,689 | +29.9% |
| Remuneration and social security | 454/9 | €1,086 | €11,856 | +€10,771 | +992.1% |
| Other amounts payable | 47/48 | €197,774 | €96,442 | -€101,331 | -51.2% |
| Accrued charges and deferred income | 492/3 | €1,467 | €0 | -€1,467 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €8,164 | €44,563 | +€36,399 | +445.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,578 | €39,681 | +€11,103 | +38.9% |
| Other operating charges | 640/8 | €6,960 | €12,724 | +€5,764 | +82.8% |
| Non-recurring operating charges | 66A | €2,483 | €0 | -€2,483 | -100.0% |
| Gross operating margin | 9900 | €67,666 | €129,375 | +€61,709 | +91.2% |
| Operating profit (loss) | 9901 | €21,482 | €32,407 | +€10,926 | +50.9% |
| Financial income | 75/76B | €231 | €43 | -€188 | -81.3% |
| Recurring financial income | 75 | €231 | €43 | -€188 | -81.3% |
| Financial charges | 65/66B | €2,547 | €2,743 | +€196 | +7.7% |
| Recurring financial charges | 65 | €2,547 | €2,743 | +€196 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €19,166 | €29,707 | +€10,541 | +55.0% |
| Income taxes | 67/77 | €4,426 | €5,750 | +€1,324 | +29.9% |
| Profit (loss) for the period | 9904 | €14,740 | €23,957 | +€9,217 | +62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,740 | €23,957 | +€9,217 | +62.5% |
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 10 October 2026 via checked.be.