LIQUILEAKS: 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.
LIQUILEAKS
Largest movements
- Tangible fixed assets -€10,527
down €10,527 (-11.3%), from €93,019 to €82,492
of which Plant, machinery and equipment: -€7,224
- Receivables within one year +€6,206
up €6,206 (+5.2%), from €118,618 to €124,824
of which Other amounts receivable: +€7,088
- Stocks and contracts +€5,640
new in 2025: €5,640
- Cash -€4,489
down €4,489 (-31.5%), from €14,261 to €9,771
mainly Trade debts (-€60,830) and Investment in fixed assets (net) (-€23,249)
- Trade debts -€60,830
down €60,830 (-87.7%), from €69,400 to €8,570
- Other debts +€26,258
up €26,258 (+3,770%), from €696 to €26,955
- Tax, wage and social debts +€25,578
up €25,578 (+117%), from €21,902 to €47,480
of which Remuneration and social security: +€16,686
- Debts after one year -€10,681
down €10,681 (-22.3%), from €47,804 to €37,122
- Profit (loss) carried forward +€7,921
up €7,921 (+27.2%), from €29,139 to €37,060
- Gross operating margin +€54,640
up €54,640 (+33.7%), from €162,334 to €216,974
- Staff costs +€49,260
up €49,260 (+41.9%), from €117,654 to €166,914
- Depreciation +€10,833
up €10,833 (+47.2%), from €22,942 to €33,775
- Other operating charges -€7,743
down €7,743 (-85.9%), from €9,014 to €1,271
- Write-downs +€4,871
up €4,871, from -€4,871 to €0
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 | €230,834 | €226,226 | -€4,608 | -2.0% |
| Fixed assets | 21/28 | €93,019 | €82,492 | -€10,527 | -11.3% |
| Tangible fixed assets | 22/27 | €93,019 | €82,492 | -€10,527 | -11.3% |
| Plant, machinery and equipment | 23 | €28,793 | €21,569 | -€7,224 | -25.1% |
| Furniture and vehicles | 24 | €64,226 | €60,923 | -€3,303 | -5.1% |
| Current assets | 29/58 | €137,815 | €143,734 | +€5,918 | +4.3% |
| Stocks and contracts in progress | 3 | - | €5,640 | +€5,640 | |
| Stocks | 30/36 | - | €5,640 | +€5,640 | |
| Amounts receivable within one year | 40/41 | €118,618 | €124,824 | +€6,206 | +5.2% |
| Trade receivables | 40 | €104,511 | €103,629 | -€882 | -0.8% |
| Other amounts receivable | 41 | €14,107 | €21,195 | +€7,088 | +50.2% |
| Cash at bank and in hand | 54/58 | €14,261 | €9,771 | -€4,489 | -31.5% |
| Deferred charges and accrued income | 490/1 | €4,937 | €3,498 | -€1,439 | -29.1% |
| Total equity and liabilities | 10/49 | €230,834 | €226,226 | -€4,608 | -2.0% |
| Equity | 10/15 | €66,333 | €74,254 | +€7,921 | +11.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €17,194 | €17,194 | = | 0.0% |
| Distributable reserves | 133 | €17,194 | €17,194 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,139 | €37,060 | +€7,921 | +27.2% |
| Amounts payable | 17/49 | €164,501 | €151,972 | -€12,529 | -7.6% |
| Amounts payable after more than one year | 17 | €47,804 | €37,122 | -€10,681 | -22.3% |
| Financial debts | 170/4 | €47,804 | €37,122 | -€10,681 | -22.3% |
| Amounts payable within one year | 42/48 | €116,697 | €113,006 | -€3,692 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €24,699 | €30,001 | +€5,302 | +21.5% |
| Trade debts | 44 | €69,400 | €8,570 | -€60,830 | -87.7% |
| Suppliers | 440/4 | €69,400 | €8,570 | -€60,830 | -87.7% |
| Taxes, remuneration and social security | 45 | €21,902 | €47,480 | +€25,578 | +117% |
| Taxes | 450/3 | €5,271 | €14,163 | +€8,892 | +169% |
| Remuneration and social security | 454/9 | €16,631 | €33,317 | +€16,686 | +100% |
| Other amounts payable | 47/48 | €696 | €26,955 | +€26,258 | +3,770% |
| Accrued charges and deferred income | 492/3 | - | €1,844 | +€1,844 | |
| Remuneration, social security and pensions | 62 | €117,654 | €166,914 | +€49,260 | +41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,942 | €33,775 | +€10,833 | +47.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,871 | €0 | +€4,871 | |
| Other operating charges | 640/8 | €9,014 | €1,271 | -€7,743 | -85.9% |
| Gross operating margin | 9900 | €162,334 | €216,974 | +€54,640 | +33.7% |
| Operating profit (loss) | 9901 | €17,595 | €15,014 | -€2,581 | -14.7% |
| Financial income | 75/76B | €6 | €5 | -€1 | -20.5% |
| Recurring financial income | 75 | €6 | €5 | -€1 | -20.5% |
| Financial charges | 65/66B | €2,427 | €3,200 | +€773 | +31.8% |
| Recurring financial charges | 65 | €2,427 | €3,200 | +€773 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | €15,174 | €11,819 | -€3,355 | -22.1% |
| Income taxes | 67/77 | €4,231 | €3,898 | -€333 | -7.9% |
| Profit (loss) for the period | 9904 | €10,943 | €7,921 | -€3,022 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,943 | €7,921 | -€3,022 | -27.6% |
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 19 October 2026 via checked.be.