@-LIVER: 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.
@-LIVER
Largest movements
- Tangible fixed assets +€900,699
up €900,699 (+64.4%), from €1.4m to €2.3m
of which Land and buildings: +€904,624
- Cash +€53,346
up €53,346 (+89.1%), from €59,879 to €113,225
mainly Debts after one year (+€991,559) and Depreciation (+€251,473)
- Current investments +€52,813
up €52,813 (+30.1%), from €175,601 to €228,414
- Debts after one year +€991,559
up €991,559 (+93.8%), from €1.1m to €2.0m
- Contributions -€65,100
down €65,100 (-95.6%), from €68,100 to €3,000
- Current portion of long-term debt +€59,153
up €59,153 (+72.0%), from €82,162 to €141,315
- Depreciation +€191,437
up €191,437 (+318.9%), from €60,036 to €251,473
- Taxes -€40,395
down €40,395 (-65.9%), from €61,256 to €20,861
- Gross operating margin +€30,962
up €30,962 (+10.9%), from €283,693 to €314,654
- Financial charges +€6,158
up €6,158 (+32.3%), from €19,061 to €25,219
- Financial income +€3,952
up €3,952 (+56.9%), from €6,947 to €10,898
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 | €1,838,926 | €2,814,697 | +€975,771 | +53.1% |
| Fixed assets | 21/28 | €1,399,015 | €2,299,714 | +€900,699 | +64.4% |
| Tangible fixed assets | 22/27 | €1,399,015 | €2,299,714 | +€900,699 | +64.4% |
| Land and buildings | 22 | €1,364,956 | €2,269,580 | +€904,624 | +66.3% |
| Furniture and vehicles | 24 | €34,058 | €30,134 | -€3,925 | -11.5% |
| Current assets | 29/58 | €439,912 | €514,983 | +€75,071 | +17.1% |
| Amounts receivable after more than one year | 29 | €95,000 | €95,000 | = | 0.0% |
| Other amounts receivable | 291 | €95,000 | €95,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €87,582 | €65,702 | -€21,880 | -25.0% |
| Trade receivables | 40 | €41,416 | €43,645 | +€2,229 | +5.4% |
| Other amounts receivable | 41 | €46,166 | €22,056 | -€24,109 | -52.2% |
| Current investments | 50/53 | €175,601 | €228,414 | +€52,813 | +30.1% |
| Cash at bank and in hand | 54/58 | €59,879 | €113,225 | +€53,346 | +89.1% |
| Deferred charges and accrued income | 490/1 | €21,850 | €12,642 | -€9,208 | -42.1% |
| Total equity and liabilities | 10/49 | €1,838,926 | €2,814,697 | +€975,771 | +53.1% |
| Equity | 10/15 | €642,526 | €576,821 | -€65,705 | -10.2% |
| Contributions | 10/11 | €68,100 | €3,000 | -€65,100 | -95.6% |
| Reserves | 13 | €573,416 | €572,805 | -€611 | -0.1% |
| Tax-exempt reserves | 132 | €52,935 | €50,974 | -€1,961 | -3.7% |
| Distributable reserves | 133 | €520,481 | €521,831 | +€1,350 | +0.3% |
| Profit (loss) carried forward | 14 | €1,011 | €1,016 | +€5 | +0.5% |
| Provisions and deferred taxes | 16 | €13,234 | €12,744 | -€490 | -3.7% |
| Deferred taxes | 168 | €13,234 | €12,744 | -€490 | -3.7% |
| Amounts payable | 17/49 | €1,183,166 | €2,225,133 | +€1.0m | +88.1% |
| Amounts payable after more than one year | 17 | €1,056,729 | €2,048,288 | +€991,559 | +93.8% |
| Financial debts | 170/4 | €1,056,729 | €2,048,288 | +€991,559 | +93.8% |
| Amounts payable within one year | 42/48 | €124,961 | €175,330 | +€50,369 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | €82,162 | €141,315 | +€59,153 | +72.0% |
| Trade debts | 44 | €12,740 | €1,258 | -€11,481 | -90.1% |
| Suppliers | 440/4 | €12,740 | €1,258 | -€11,481 | -90.1% |
| Advances received on contracts in progress | 46 | €3,693 | €3,693 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €26,367 | €24,546 | -€1,821 | -6.9% |
| Taxes | 450/3 | €26,367 | €24,546 | -€1,821 | -6.9% |
| Other amounts payable | 47/48 | - | €4,519 | +€4,519 | |
| Accrued charges and deferred income | 492/3 | €1,477 | €1,515 | +€38 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,036 | €251,473 | +€191,437 | +318.9% |
| Other operating charges | 640/8 | €1,462 | €1,785 | +€323 | +22.1% |
| Gross operating margin | 9900 | €283,693 | €314,654 | +€30,962 | +10.9% |
| Operating profit (loss) | 9901 | €222,194 | €61,397 | -€160,798 | -72.4% |
| Financial income | 75/76B | €6,947 | €10,898 | +€3,952 | +56.9% |
| Recurring financial income | 75 | €6,947 | €10,898 | +€3,952 | +56.9% |
| Financial charges | 65/66B | €19,061 | €25,219 | +€6,158 | +32.3% |
| Recurring financial charges | 65 | €19,061 | €25,219 | +€6,158 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €210,080 | €47,076 | -€163,004 | -77.6% |
| Transfer from deferred taxes | 780 | €490 | €490 | = | 0.0% |
| Income taxes | 67/77 | €61,256 | €20,861 | -€40,395 | -65.9% |
| Profit (loss) for the period | 9904 | €149,314 | €26,705 | -€122,609 | -82.1% |
| Transfer from tax-exempt reserves | 789 | €1,961 | €1,961 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €151,274 | €28,665 | -€122,609 | -81.1% |
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 1 October 2026 via checked.be.