Liquisens: what changed
Liquisens
Largest movements
- Receivables within one year +€163,112
up €163,112 (+219%), from €74,491 to €237,603
of which Other amounts receivable: +€171,341
- Tangible fixed assets +€96,364
up €96,364 (+65.2%), from €147,808 to €244,173
of which Assets under construction and advance payments: +€107,199
- Intangible fixed assets -€67,152
down €67,152 (-24.0%), from €280,264 to €213,112
- Cash -€25,390
down €25,390 (-64.0%), from €39,641 to €14,251
mainly Net result for the year (-€176,644) and Receivables within one year (-€163,112)
- Stocks and contracts -€23,978
down €23,978 (-43.8%), from €54,691 to €30,713
- Investment grants +€207,424
up €207,424 (+202%), from €102,808 to €310,232
- Profit (loss) carried forward -€176,644
down €176,644 (-60.6%), from -€291,653 to -€468,297
- Debts after one year +€176,091
up €176,091 (+148%), from €119,153 to €295,244
- Advances received -€109,929
no longer reported in 2025 (was €109,929)
- Trade debts +€35,349
up €35,349 (+44.4%), from €79,591 to €114,939
- Gross operating margin +€31,513
up €31,513 (+30.3%), from -€103,940 to -€72,427
- Depreciation +€13,536
up €13,536 (+20.6%), from €65,690 to €79,225
- Taxes +€10,017
no longer reported in 2025 (was -€10,017)
- Staff costs -€5,306
down €5,306 (-12.4%), from €42,649 to €37,343
- Financial income +€4,130
up €4,130 (+20.1%), from €20,562 to €24,691
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €611,776 | €753,563 | +€141,787 | +23.2% |
| Fixed assets | 21/28 | €436,395 | €465,713 | +€29,318 | +6.7% |
| Intangible fixed assets | 21 | €280,264 | €213,112 | -€67,152 | -24.0% |
| Tangible fixed assets | 22/27 | €147,808 | €244,173 | +€96,364 | +65.2% |
| Plant, machinery and equipment | 23 | €21,202 | €10,368 | -€10,834 | -51.1% |
| Assets under construction and advance payments | 27 | €126,606 | €233,805 | +€107,199 | +84.7% |
| Financial fixed assets | 28 | €8,323 | €8,429 | +€106 | +1.3% |
| Current assets | 29/58 | €175,381 | €287,850 | +€112,469 | +64.1% |
| Stocks and contracts in progress | 3 | €54,691 | €30,713 | -€23,978 | -43.8% |
| Stocks | 30/36 | €54,691 | €30,713 | -€23,978 | -43.8% |
| Amounts receivable within one year | 40/41 | €74,491 | €237,603 | +€163,112 | +219% |
| Trade receivables | 40 | €59,074 | €50,844 | -€8,229 | -13.9% |
| Other amounts receivable | 41 | €15,418 | €186,759 | +€171,341 | +1,111% |
| Cash at bank and in hand | 54/58 | €39,641 | €14,251 | -€25,390 | -64.0% |
| Deferred charges and accrued income | 490/1 | €6,558 | €5,282 | -€1,275 | -19.4% |
| Total equity and liabilities | 10/49 | €611,776 | €753,563 | +€141,787 | +23.2% |
| Equity | 10/15 | €253,154 | €283,935 | +€30,780 | +12.2% |
| Contributions | 10/11 | €442,000 | €442,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€291,653 | -€468,297 | -€176,644 | -60.6% |
| Investment grants | 15 | €102,808 | €310,232 | +€207,424 | +202% |
| Amounts payable | 17/49 | €358,622 | €469,628 | +€111,006 | +31.0% |
| Amounts payable after more than one year | 17 | €119,153 | €295,244 | +€176,091 | +148% |
| Financial debts | 170/4 | €119,153 | €295,244 | +€176,091 | +148% |
| Amounts payable within one year | 42/48 | €239,273 | €166,816 | -€72,456 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €37,401 | €38,745 | +€1,344 | +3.6% |
| Trade debts | 44 | €79,591 | €114,939 | +€35,349 | +44.4% |
| Suppliers | 440/4 | €79,591 | €114,939 | +€35,349 | +44.4% |
| Advances received on contracts in progress | 46 | €109,929 | - | -€109,929 | |
| Taxes, remuneration and social security | 45 | €10,708 | €10,293 | -€415 | -3.9% |
| Taxes | 450/3 | €1,080 | €1,219 | +€139 | +12.8% |
| Remuneration and social security | 454/9 | €9,628 | €9,074 | -€554 | -5.8% |
| Other amounts payable | 47/48 | €1,644 | €2,839 | +€1,195 | +72.7% |
| Accrued charges and deferred income | 492/3 | €196 | €7,568 | +€7,371 | +3,754% |
| Remuneration, social security and pensions | 62 | €42,649 | €37,343 | -€5,306 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,690 | €79,225 | +€13,536 | +20.6% |
| Other operating charges | 640/8 | €568 | €2,079 | +€1,512 | +266% |
| Gross operating margin | 9900 | -€103,940 | -€72,427 | +€31,513 | +30.3% |
| Operating profit (loss) | 9901 | -€212,846 | -€191,075 | +€21,772 | +10.2% |
| Financial income | 75/76B | €20,562 | €24,691 | +€4,130 | +20.1% |
| Recurring financial income | 75 | €20,562 | €24,691 | +€4,130 | +20.1% |
| Financial charges | 65/66B | €6,484 | €10,261 | +€3,777 | +58.3% |
| Recurring financial charges | 65 | €6,484 | €10,261 | +€3,777 | +58.3% |
| Profit (loss) for the period before taxes | 9903 | -€198,769 | -€176,644 | +€22,125 | +11.1% |
| Income taxes | 67/77 | -€10,017 | - | +€10,017 | |
| Profit (loss) for the period | 9904 | -€188,752 | -€176,644 | +€12,108 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€188,752 | -€176,644 | +€12,108 | +6.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.