LIZ: 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.
LIZ
Largest movements
- Receivables within one year +€17,015
up €17,015 (+69.1%), from €24,613 to €41,628
of which Other amounts receivable: +€9,865
- Cash +€1,321
up €1,321 (+18.4%), from €7,197 to €8,518
mainly Net result for the year (+€53,551) and Tax, wage and social debts (+€3,258)
- Profit (loss) carried forward +€53,551
up €53,551, from -€39,104 to €14,447
- Other debts -€41,380
no longer reported in 2025 (was €41,380)
- Tax, wage and social debts +€3,258
up €3,258 (+25.6%), from €12,720 to €15,978
of which Taxes: +€6,258
- Trade debts +€1,969
up €1,969 (+46.5%), from €4,235 to €6,203
- Advances received -€664
down €664 (-93.0%), from €714 to €50
- Gross operating margin +€27,664
up €27,664 (+66.5%), from €41,584 to €69,248
- Taxes +€10,000
new in 2025: €10,000
- Other operating charges +€3,147
up €3,147 (+211%), from €1,491 to €4,638
- Financial charges -€857
down €857 (-57.9%), from €1,480 to €622
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 | €38,448 | €55,278 | +€16,830 | +43.8% |
| Fixed assets | 21/28 | €2,389 | €1,380 | -€1,010 | -42.3% |
| Tangible fixed assets | 22/27 | €1,889 | €1,380 | -€510 | -27.0% |
| Furniture and vehicles | 24 | €1,889 | €1,380 | -€510 | -27.0% |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €36,059 | €53,899 | +€17,840 | +49.5% |
| Stocks and contracts in progress | 3 | €2,570 | €2,553 | -€18 | -0.7% |
| Stocks | 30/36 | €2,570 | €2,553 | -€18 | -0.7% |
| Amounts receivable within one year | 40/41 | €24,613 | €41,628 | +€17,015 | +69.1% |
| Trade receivables | 40 | €24,613 | €31,763 | +€7,150 | +29.0% |
| Other amounts receivable | 41 | - | €9,865 | +€9,865 | |
| Cash at bank and in hand | 54/58 | €7,197 | €8,518 | +€1,321 | +18.4% |
| Deferred charges and accrued income | 490/1 | €1,679 | €1,200 | -€479 | -28.5% |
| Total equity and liabilities | 10/49 | €38,448 | €55,278 | +€16,830 | +43.8% |
| Equity | 10/15 | -€20,600 | €33,047 | +€53,647 | |
| Contributions | 10/11 | €18,504 | €18,600 | +€96 | +0.5% |
| Profit (loss) carried forward | 14 | -€39,104 | €14,447 | +€53,551 | |
| Amounts payable | 17/49 | €59,048 | €22,231 | -€36,817 | -62.4% |
| Amounts payable within one year | 42/48 | €59,048 | €22,231 | -€36,817 | -62.4% |
| Trade debts | 44 | €4,235 | €6,203 | +€1,969 | +46.5% |
| Suppliers | 440/4 | €4,235 | €6,203 | +€1,969 | +46.5% |
| Advances received on contracts in progress | 46 | €714 | €50 | -€664 | -93.0% |
| Taxes, remuneration and social security | 45 | €12,720 | €15,978 | +€3,258 | +25.6% |
| Taxes | 450/3 | €9,720 | €15,978 | +€6,258 | +64.4% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €41,380 | - | -€41,380 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620 | €510 | -€110 | -17.8% |
| Other operating charges | 640/8 | €1,491 | €4,638 | +€3,147 | +211% |
| Gross operating margin | 9900 | €41,584 | €69,248 | +€27,664 | +66.5% |
| Operating profit (loss) | 9901 | €39,473 | €64,101 | +€24,627 | +62.4% |
| Financial income | 75/76B | €437 | €73 | -€364 | -83.4% |
| Recurring financial income | 75 | €437 | €73 | -€364 | -83.4% |
| Financial charges | 65/66B | €1,480 | €622 | -€857 | -57.9% |
| Recurring financial charges | 65 | €1,480 | €622 | -€857 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €38,431 | €63,551 | +€25,120 | +65.4% |
| Income taxes | 67/77 | - | €10,000 | +€10,000 | |
| Profit (loss) for the period | 9904 | €38,431 | €53,551 | +€15,120 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,431 | €53,551 | +€15,120 | +39.3% |
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 23 October 2026 via checked.be.