LIQUID SYSTEMS: 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 SYSTEMS
Largest movements
- Receivables within one year +€651,000
up €651,000 (+273.4%), from €238,120 to €889,120
of which Trade receivables: +€647,351
- Cash +€91,352
up €91,352 (+323.8%), from €28,211 to €119,563
mainly Trade debts (+€778,008) and Net result for the year (+€20,562)
- Stocks and contracts +€47,586
up €47,586 (+133.0%), from €35,791 to €83,377
- Trade debts +€778,008
up €778,008 (+650.6%), from €119,581 to €897,589
- Tax, wage and social debts -€26,821
down €26,821 (-33.3%), from €80,618 to €53,798
of which Taxes: -€30,897
- Profit (loss) carried forward +€20,562
up €20,562 (+11.5%), from €179,233 to €199,794
- Gross operating margin -€264,525
down €264,525 (-64.9%), from €407,333 to €142,808
- Staff costs -€55,444
down €55,444 (-36.6%), from €151,310 to €95,866
- Taxes -€49,361
down €49,361 (-82.3%), from €59,941 to €10,580
- Write-downs +€4,831
new in 2025: €4,831
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 | €393,898 | €1,165,837 | +€771,939 | +196.0% |
| Fixed assets | 21/28 | €73,608 | €65,352 | -€8,256 | -11.2% |
| Tangible fixed assets | 22/27 | €73,608 | €65,352 | -€8,256 | -11.2% |
| Other tangible fixed assets | 26 | €73,608 | €65,352 | -€8,256 | -11.2% |
| Current assets | 29/58 | €320,290 | €1,100,485 | +€780,195 | +243.6% |
| Stocks and contracts in progress | 3 | €35,791 | €83,377 | +€47,586 | +133.0% |
| Stocks | 30/36 | €35,791 | €83,377 | +€47,586 | +133.0% |
| Amounts receivable within one year | 40/41 | €238,120 | €889,120 | +€651,000 | +273.4% |
| Trade receivables | 40 | €224,431 | €871,782 | +€647,351 | +288.4% |
| Other amounts receivable | 41 | €13,689 | €17,338 | +€3,649 | +26.7% |
| Cash at bank and in hand | 54/58 | €28,211 | €119,563 | +€91,352 | +323.8% |
| Deferred charges and accrued income | 490/1 | €18,169 | €8,426 | -€9,743 | -53.6% |
| Total equity and liabilities | 10/49 | €393,898 | €1,165,837 | +€771,939 | +196.0% |
| Equity | 10/15 | €189,233 | €209,794 | +€20,562 | +10.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,233 | €199,794 | +€20,562 | +11.5% |
| Amounts payable | 17/49 | €204,666 | €956,043 | +€751,377 | +367.1% |
| Amounts payable within one year | 42/48 | €204,666 | €956,043 | +€751,377 | +367.1% |
| Trade debts | 44 | €119,581 | €897,589 | +€778,008 | +650.6% |
| Suppliers | 440/4 | €119,581 | €897,589 | +€778,008 | +650.6% |
| Taxes, remuneration and social security | 45 | €80,618 | €53,798 | -€26,821 | -33.3% |
| Taxes | 450/3 | €69,835 | €38,938 | -€30,897 | -44.2% |
| Remuneration and social security | 454/9 | €10,783 | €14,859 | +€4,077 | +37.8% |
| Other amounts payable | 47/48 | €4,467 | €4,656 | +€189 | +4.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €151,310 | €95,866 | -€55,444 | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,256 | €8,256 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,831 | +€4,831 | |
| Other operating charges | 640/8 | €190 | €705 | +€515 | +271.2% |
| Gross operating margin | 9900 | €407,333 | €142,808 | -€264,525 | -64.9% |
| Operating profit (loss) | 9901 | €247,577 | €33,150 | -€214,428 | -86.6% |
| Financial income | 75/76B | €706 | €397 | -€309 | -43.8% |
| Recurring financial income | 75 | €706 | €397 | -€309 | -43.8% |
| Financial charges | 65/66B | €3,813 | €2,404 | -€1,409 | -36.9% |
| Recurring financial charges | 65 | €3,813 | €2,404 | -€1,409 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €244,470 | €31,142 | -€213,328 | -87.3% |
| Income taxes | 67/77 | €59,941 | €10,580 | -€49,361 | -82.3% |
| Profit (loss) for the period | 9904 | €184,529 | €20,562 | -€163,967 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €184,529 | €20,562 | -€163,967 | -88.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.