Liwa Consult: 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.
Liwa Consult
Largest movements
- Receivables after one year +€33,119
new in 2026: €33,119
- Receivables within one year +€18,345
up €18,345 (+78.5%), from €23,378 to €41,723
of which Other amounts receivable: +€17,955
- Tangible fixed assets -€13,439
down €13,439 (-24.1%), from €55,729 to €42,291
of which Furniture and vehicles: -€12,715
- Reserves +€49,820
up €49,820 (+86.4%), from €57,661 to €107,481
- Debts after one year -€13,719
down €13,719 (-43.4%), from €31,624 to €17,904
- Gross operating margin +€5,131
up €5,131 (+6.5%), from €78,628 to €83,759
- Depreciation +€2,761
up €2,761 (+25.9%), from €10,677 to €13,439
- Financial income +€990
up €990 (+104%), from €956 to €1,946
- Taxes +€966
up €966 (+5.0%), from €19,425 to €20,391
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,504 | €165,766 | +€38,263 | +30.0% |
| Fixed assets | 21/28 | €55,729 | €42,291 | -€13,439 | -24.1% |
| Tangible fixed assets | 22/27 | €55,729 | €42,291 | -€13,439 | -24.1% |
| Plant, machinery and equipment | 23 | €3,049 | €2,325 | -€724 | -23.7% |
| Furniture and vehicles | 24 | €52,680 | €39,965 | -€12,715 | -24.1% |
| Current assets | 29/58 | €71,775 | €123,476 | +€51,701 | +72.0% |
| Amounts receivable after more than one year | 29 | - | €33,119 | +€33,119 | |
| Other amounts receivable | 291 | - | €33,119 | +€33,119 | |
| Amounts receivable within one year | 40/41 | €23,378 | €41,723 | +€18,345 | +78.5% |
| Trade receivables | 40 | €174 | €563 | +€389 | +224% |
| Other amounts receivable | 41 | €23,204 | €41,160 | +€17,955 | +77.4% |
| Cash at bank and in hand | 54/58 | €47,988 | €46,611 | -€1,377 | -2.9% |
| Deferred charges and accrued income | 490/1 | €408 | €2,023 | +€1,615 | +395% |
| Total equity and liabilities | 10/49 | €127,504 | €165,766 | +€38,263 | +30.0% |
| Equity | 10/15 | €61,661 | €111,481 | +€49,820 | +80.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €57,661 | €107,481 | +€49,820 | +86.4% |
| Distributable reserves | 133 | €57,661 | €107,481 | +€49,820 | +86.4% |
| Amounts payable | 17/49 | €65,842 | €54,285 | -€11,557 | -17.6% |
| Amounts payable after more than one year | 17 | €31,624 | €17,904 | -€13,719 | -43.4% |
| Financial debts | 170/4 | €31,624 | €17,904 | -€13,719 | -43.4% |
| Amounts payable within one year | 42/48 | €34,219 | €36,066 | +€1,847 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €13,184 | €13,712 | +€528 | +4.0% |
| Trade debts | 44 | €325 | €508 | +€184 | +56.6% |
| Suppliers | 440/4 | €325 | €508 | +€184 | +56.6% |
| Taxes, remuneration and social security | 45 | €19,710 | €20,621 | +€911 | +4.6% |
| Taxes | 450/3 | €19,710 | €20,621 | +€911 | +4.6% |
| Other amounts payable | 47/48 | €1,000 | €1,225 | +€225 | +22.5% |
| Accrued charges and deferred income | 492/3 | - | €315 | +€315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,677 | €13,439 | +€2,761 | +25.9% |
| Other operating charges | 640/8 | €126 | €374 | +€248 | +197% |
| Gross operating margin | 9900 | €78,628 | €83,759 | +€5,131 | +6.5% |
| Operating profit (loss) | 9901 | €67,825 | €69,947 | +€2,122 | +3.1% |
| Financial income | 75/76B | €956 | €1,946 | +€990 | +104% |
| Recurring financial income | 75 | €956 | €1,946 | +€990 | +104% |
| Financial charges | 65/66B | €1,650 | €1,682 | +€31 | +1.9% |
| Recurring financial charges | 65 | €1,650 | €1,682 | +€31 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €67,130 | €70,211 | +€3,081 | +4.6% |
| Income taxes | 67/77 | €19,425 | €20,391 | +€966 | +5.0% |
| Profit (loss) for the period | 9904 | €47,705 | €49,820 | +€2,115 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,705 | €49,820 | +€2,115 | +4.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.