LIWECO: 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.
LIWECO
Largest movements
- Receivables within one year +€645,370
up €645,370 (+2,061%), from €31,317 to €676,688
of which Other amounts receivable: +€671,269
- Cash -€406,541
down €406,541 (-74.5%), from €545,735 to €139,194
mainly Receivables within one year (-€645,370) and Debts after one year (-€48,780)
- Tangible fixed assets -€62,576
down €62,576 (-6.8%), from €920,389 to €857,812
- Reserves +€272,635
up €272,635 (+28.6%), from €953,960 to €1.2m
- Debts after one year -€48,780
down €48,780 (-26.7%), from €182,930 to €134,150
- Profit (loss) carried forward -€45,780
down €45,780 (-16.8%), from €272,635 to €226,855
- Gross operating margin -€57,457
down €57,457 (-13.3%), from €431,643 to €374,186
- Financial income +€19,363
up €19,363 (+37,079%), from €52 to €19,415
of which Financial income: +€13,063
- Other operating charges +€15,581
up €15,581 (+715%), from €2,180 to €17,761
- Taxes -€14,227
down €14,227 (-16.1%), from €88,288 to €74,061
- Financial charges +€14,197
up €14,197, from -€11,187 to €3,011
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 | €1,500,227 | €1,684,143 | +€183,916 | +12.3% |
| Fixed assets | 21/28 | €920,389 | €857,812 | -€62,576 | -6.8% |
| Tangible fixed assets | 22/27 | €920,389 | €857,812 | -€62,576 | -6.8% |
| Land and buildings | 22 | €920,389 | €857,812 | -€62,576 | -6.8% |
| Current assets | 29/58 | €579,838 | €826,330 | +€246,492 | +42.5% |
| Amounts receivable within one year | 40/41 | €31,317 | €676,688 | +€645,370 | +2,061% |
| Trade receivables | 40 | €31,290 | €5,391 | -€25,899 | -82.8% |
| Other amounts receivable | 41 | €27 | €671,296 | +€671,269 | +2,468,808% |
| Cash at bank and in hand | 54/58 | €545,735 | €139,194 | -€406,541 | -74.5% |
| Deferred charges and accrued income | 490/1 | €2,786 | €10,449 | +€7,664 | +275% |
| Total equity and liabilities | 10/49 | €1,500,227 | €1,684,143 | +€183,916 | +12.3% |
| Equity | 10/15 | €1,245,194 | €1,472,049 | +€226,855 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €953,960 | €1,226,594 | +€272,635 | +28.6% |
| Distributable reserves | 133 | €953,960 | €1,226,594 | +€272,635 | +28.6% |
| Profit (loss) carried forward | 14 | €272,635 | €226,855 | -€45,780 | -16.8% |
| Amounts payable | 17/49 | €255,032 | €212,094 | -€42,939 | -16.8% |
| Amounts payable after more than one year | 17 | €182,930 | €134,150 | -€48,780 | -26.7% |
| Financial debts | 170/4 | €182,930 | €134,150 | -€48,780 | -26.7% |
| Amounts payable within one year | 42/48 | €72,102 | €72,473 | +€371 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €44,715 | €48,780 | +€4,065 | +9.1% |
| Trade debts | 44 | €3,557 | €6,199 | +€2,643 | +74.3% |
| Suppliers | 440/4 | €3,557 | €6,199 | +€2,643 | +74.3% |
| Taxes, remuneration and social security | 45 | €23,831 | €17,494 | -€6,337 | -26.6% |
| Taxes | 450/3 | €23,831 | €17,494 | -€6,337 | -26.6% |
| Accrued charges and deferred income | 492/3 | - | €5,470 | +€5,470 | |
| Non-recurring operating income | 76A | €81,812 | - | -€81,812 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,779 | €71,913 | -€7,866 | -9.9% |
| Other operating charges | 640/8 | €2,180 | €17,761 | +€15,581 | +715% |
| Gross operating margin | 9900 | €431,643 | €374,186 | -€57,457 | -13.3% |
| Operating profit (loss) | 9901 | €349,684 | €284,512 | -€65,172 | -18.6% |
| Financial income | 75/76B | €52 | €19,415 | +€19,363 | +37,079% |
| Recurring financial income | 75 | €52 | €13,116 | +€13,063 | +25,016% |
| Non-recurring financial income | 76B | - | €6,299 | +€6,299 | |
| Financial charges | 65/66B | -€11,187 | €3,011 | +€14,197 | |
| Recurring financial charges | 65 | -€11,187 | €3,011 | +€14,197 | |
| Profit (loss) for the period before taxes | 9903 | €360,923 | €300,916 | -€60,007 | -16.6% |
| Income taxes | 67/77 | €88,288 | €74,061 | -€14,227 | -16.1% |
| Profit (loss) for the period | 9904 | €272,635 | €226,855 | -€45,780 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €272,635 | €226,855 | -€45,780 | -16.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.