LIQUID DESIGN: what changed
Two fiscal 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 DESIGN
Largest movements
- Receivables within one year -€41,758
down €41,758 (-79.1%), from €52,773 to €11,015
of which Other amounts receivable: -€31,684
- Tangible fixed assets +€13,634
up €13,634 (+16.2%), from €84,186 to €97,820
of which Assets under construction and advance payments: +€34,470
- Profit (loss) carried forward -€21,426
down €21,426 (-492.7%), from -€4,349 to -€25,775
- Current portion of long-term debt -€13,718
down €13,718 (-70.5%), from €19,466 to €5,748
- Other debts +€9,772
up €9,772 (+97.7%), from €10,000 to €19,772
- Debts after one year -€4,686
down €4,686 (-15.7%), from €29,913 to €25,227
- Tax, wage and social debts +€2,013
up €2,013 (+38.3%), from €5,253 to €7,267
of which Remuneration and social security: +€2,197
- Gross operating margin -€49,971
down €49,971 (-90.1%), from €55,457 to €5,486
- Taxes -€10,435
no longer reported in 2025 (was €10,435)
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 | €139,114 | €109,265 | -€29,849 | -21.5% |
| Fixed assets | 21/28 | €84,186 | €97,820 | +€13,634 | +16.2% |
| Tangible fixed assets | 22/27 | €84,186 | €97,820 | +€13,634 | +16.2% |
| Land and buildings | 22 | €52,936 | €41,614 | -€11,322 | -21.4% |
| Plant, machinery and equipment | 23 | €5,874 | €4,135 | -€1,739 | -29.6% |
| Furniture and vehicles | 24 | €25,376 | €17,601 | -€7,775 | -30.6% |
| Assets under construction and advance payments | 27 | - | €34,470 | +€34,470 | |
| Current assets | 29/58 | €54,928 | €11,444 | -€43,483 | -79.2% |
| Amounts receivable within one year | 40/41 | €52,773 | €11,015 | -€41,758 | -79.1% |
| Trade receivables | 40 | €20,111 | €10,038 | -€10,073 | -50.1% |
| Other amounts receivable | 41 | €32,662 | €978 | -€31,684 | -97.0% |
| Cash at bank and in hand | 54/58 | €1,626 | €429 | -€1,197 | -73.6% |
| Deferred charges and accrued income | 490/1 | €529 | - | -€529 | |
| Total equity and liabilities | 10/49 | €139,114 | €109,265 | -€29,849 | -21.5% |
| Equity | 10/15 | €64,687 | €43,261 | -€21,426 | -33.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,836 | €62,836 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €55,976 | €55,976 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,349 | -€25,775 | -€21,426 | -492.7% |
| Amounts payable | 17/49 | €74,426 | €66,004 | -€8,423 | -11.3% |
| Amounts payable after more than one year | 17 | €29,913 | €25,227 | -€4,686 | -15.7% |
| Financial debts | 170/4 | €29,913 | €25,227 | -€4,686 | -15.7% |
| Amounts payable within one year | 42/48 | €44,513 | €40,776 | -€3,737 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €19,466 | €5,748 | -€13,718 | -70.5% |
| Trade debts | 44 | €8,294 | €6,489 | -€1,805 | -21.8% |
| Suppliers | 440/4 | €8,294 | €6,489 | -€1,805 | -21.8% |
| Advances received on contracts in progress | 46 | €1,500 | €1,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,253 | €7,267 | +€2,013 | +38.3% |
| Taxes | 450/3 | €4,950 | €4,767 | -€183 | -3.7% |
| Remuneration and social security | 454/9 | €303 | €2,500 | +€2,197 | +723.9% |
| Other amounts payable | 47/48 | €10,000 | €19,772 | +€9,772 | +97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,103 | €20,836 | -€267 | -1.3% |
| Other operating charges | 640/8 | €2,093 | €2,133 | +€40 | +1.9% |
| Gross operating margin | 9900 | €55,457 | €5,486 | -€49,971 | -90.1% |
| Operating profit (loss) | 9901 | €32,262 | -€17,482 | -€49,744 | |
| Financial income | 75/76B | €10 | €1 | -€9 | -94.0% |
| Recurring financial income | 75 | €10 | €1 | -€9 | -94.0% |
| Financial charges | 65/66B | €3,730 | €3,944 | +€215 | +5.8% |
| Recurring financial charges | 65 | €3,730 | €3,944 | +€215 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €28,542 | -€21,426 | -€49,968 | |
| Income taxes | 67/77 | €10,435 | - | -€10,435 | |
| Profit (loss) for the period | 9904 | €18,107 | -€21,426 | -€39,533 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,107 | -€21,426 | -€39,533 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.