LIQUIDAMBAR: what changed
LIQUIDAMBAR
Largest movements
- Tangible fixed assets +€16,307
up €16,307 (+234%), from €6,960 to €23,267
of which Furniture and vehicles: +€14,454
- Cash -€16,085
down €16,085 (-27.6%), from €58,376 to €42,291
mainly Investment in fixed assets (net) (-€22,904) and Contributions, distributions and other (-€7,000)
- Reserves +€3,115
up €3,115 (+1.4%), from €217,906 to €221,020
- Tax, wage and social debts -€2,778
no longer reported in 2026 (was €2,778)
- Gross operating margin -€10,927
down €10,927 (-35.7%), from €30,636 to €19,710
- Taxes -€4,651
down €4,651 (-44.7%), from €10,404 to €5,753
- Depreciation +€2,801
up €2,801 (+73.8%), from €3,796 to €6,597
- Financial income +€2,413
up €2,413 (+176%), from €1,372 to €3,785
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €241,952 | €242,124 | +€172 | +0.1% |
| Fixed assets | 21/28 | €6,960 | €23,267 | +€16,307 | +234% |
| Tangible fixed assets | 22/27 | €6,960 | €23,267 | +€16,307 | +234% |
| Plant, machinery and equipment | 23 | €2,908 | €4,761 | +€1,853 | +63.7% |
| Furniture and vehicles | 24 | €4,052 | €18,506 | +€14,454 | +357% |
| Current assets | 29/58 | €234,992 | €218,857 | -€16,135 | -6.9% |
| Amounts receivable after more than one year | 29 | €3,853 | €2,390 | -€1,463 | -38.0% |
| Other amounts receivable | 291 | €3,853 | €2,390 | -€1,463 | -38.0% |
| Amounts receivable within one year | 40/41 | €22,052 | €23,465 | +€1,413 | +6.4% |
| Trade receivables | 40 | €9,000 | €8,000 | -€1,000 | -11.1% |
| Other amounts receivable | 41 | €13,052 | €15,465 | +€2,413 | +18.5% |
| Current investments | 50/53 | €150,711 | €150,711 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,376 | €42,291 | -€16,085 | -27.6% |
| Total equity and liabilities | 10/49 | €241,952 | €242,124 | +€172 | +0.1% |
| Equity | 10/15 | €238,736 | €241,850 | +€3,115 | +1.3% |
| Contributions | 10/11 | €20,830 | €20,830 | = | 0.0% |
| Reserves | 13 | €217,906 | €221,020 | +€3,115 | +1.4% |
| Distributable reserves | 133 | €217,906 | €221,020 | +€3,115 | +1.4% |
| Amounts payable | 17/49 | €3,217 | €274 | -€2,943 | -91.5% |
| Amounts payable within one year | 42/48 | €3,217 | €274 | -€2,943 | -91.5% |
| Trade debts | 44 | €439 | €274 | -€165 | -37.6% |
| Suppliers | 440/4 | €439 | €274 | -€165 | -37.6% |
| Taxes, remuneration and social security | 45 | €2,778 | - | -€2,778 | |
| Taxes | 450/3 | €2,778 | - | -€2,778 | |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,796 | €6,597 | +€2,801 | +73.8% |
| Other operating charges | 640/8 | €799 | €855 | +€56 | +7.0% |
| Gross operating margin | 9900 | €30,636 | €19,710 | -€10,927 | -35.7% |
| Operating profit (loss) | 9901 | €26,041 | €12,258 | -€13,783 | -52.9% |
| Financial income | 75/76B | €1,372 | €3,785 | +€2,413 | +176% |
| Recurring financial income | 75 | €1,372 | €3,785 | +€2,413 | +176% |
| Financial charges | 65/66B | €289 | €175 | -€113 | -39.3% |
| Recurring financial charges | 65 | €289 | €175 | -€113 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €27,125 | €15,868 | -€11,257 | -41.5% |
| Income taxes | 67/77 | €10,404 | €5,753 | -€4,651 | -44.7% |
| Profit (loss) for the period | 9904 | €16,720 | €10,115 | -€6,606 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,720 | €10,115 | -€6,606 | -39.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.