Liu's: 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.
Liu's
Largest movements
- Tangible fixed assets +€77,896
new in 2025: €77,896
- Intangible fixed assets +€65,625
new in 2025: €65,625
- Cash +€49,122
up €49,122 (+1637.4%), from €3,000 to €52,122
mainly Net result for the year (+€95,340) and Other debts (+€42,433)
- Receivables within one year +€11,416
new in 2025: €11,416
- Stocks and contracts +€6,165
new in 2025: €6,165
- Reserves +€94,953
new in 2025: €94,953
- Other debts +€42,433
new in 2025: €42,433
- Tax, wage and social debts +€42,054
new in 2025: €42,054
of which Taxes: +€39,627
- Trade debts +€34,038
up €34,038 (+8787.5%), from €387 to €34,425
- Gross operating margin +€166,686
new in 2025: €166,686
- Taxes +€32,207
new in 2025: €32,207
- Depreciation +€21,400
new in 2025: €21,400
- Staff costs +€10,353
new in 2025: €10,353
- Other operating charges +€3,593
up €3,593 (+927.6%), from €387 to €3,980
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 | €3,000 | €216,865 | +€213,865 | +7128.8% |
| Fixed assets | 21/28 | - | €143,521 | +€143,521 | |
| Intangible fixed assets | 21 | - | €65,625 | +€65,625 | |
| Tangible fixed assets | 22/27 | - | €77,896 | +€77,896 | |
| Land and buildings | 22 | - | €36,000 | +€36,000 | |
| Plant, machinery and equipment | 23 | - | €20,035 | +€20,035 | |
| Furniture and vehicles | 24 | - | €10,661 | +€10,661 | |
| Leasing and similar rights | 25 | - | €11,200 | +€11,200 | |
| Current assets | 29/58 | €3,000 | €73,344 | +€70,344 | +2344.8% |
| Stocks and contracts in progress | 3 | - | €6,165 | +€6,165 | |
| Stocks | 30/36 | - | €6,165 | +€6,165 | |
| Amounts receivable within one year | 40/41 | - | €11,416 | +€11,416 | |
| Other amounts receivable | 41 | - | €11,416 | +€11,416 | |
| Cash at bank and in hand | 54/58 | €3,000 | €52,122 | +€49,122 | +1637.4% |
| Deferred charges and accrued income | 490/1 | - | €3,641 | +€3,641 | |
| Total equity and liabilities | 10/49 | €3,000 | €216,865 | +€213,865 | +7128.8% |
| Equity | 10/15 | €2,613 | €97,953 | +€95,340 | +3649.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €94,953 | +€94,953 | |
| Distributable reserves | 133 | - | €94,953 | +€94,953 | |
| Profit (loss) carried forward | 14 | -€387 | - | +€387 | |
| Amounts payable | 17/49 | €387 | €118,912 | +€118,525 | +30599.7% |
| Amounts payable within one year | 42/48 | €387 | €118,912 | +€118,525 | +30599.7% |
| Trade debts | 44 | €387 | €34,425 | +€34,038 | +8787.5% |
| Suppliers | 440/4 | €387 | €34,425 | +€34,038 | +8787.5% |
| Taxes, remuneration and social security | 45 | - | €42,054 | +€42,054 | |
| Taxes | 450/3 | - | €39,627 | +€39,627 | |
| Remuneration and social security | 454/9 | - | €2,427 | +€2,427 | |
| Other amounts payable | 47/48 | - | €42,433 | +€42,433 | |
| Remuneration, social security and pensions | 62 | - | €10,353 | +€10,353 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €21,400 | +€21,400 | |
| Other operating charges | 640/8 | €387 | €3,980 | +€3,593 | +927.6% |
| Gross operating margin | 9900 | - | €166,686 | +€166,686 | |
| Operating profit (loss) | 9901 | -€387 | €130,952 | +€131,339 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €3,405 | +€3,405 | |
| Recurring financial charges | 65 | - | €3,405 | +€3,405 | |
| Profit (loss) for the period before taxes | 9903 | -€387 | €127,546 | +€127,934 | |
| Income taxes | 67/77 | - | €32,207 | +€32,207 | |
| Profit (loss) for the period | 9904 | -€387 | €95,340 | +€95,727 | |
| Profit (loss) for the period to be appropriated | 9905 | -€387 | €95,340 | +€95,727 |
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 9 October 2026 via checked.be.