LUC VAN LIERDE: 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.
LUC VAN LIERDE
Largest movements
- Receivables within one year +€9,365
up €9,365 (+80.0%), from €11,704 to €21,069
of which Trade receivables: +€5,174
- Tangible fixed assets -€7,381
down €7,381 (-24.6%), from €29,957 to €22,576
of which Furniture and vehicles: -€7,089
- Cash -€2,887
down €2,887 (-46.8%), from €6,170 to €3,283
mainly Receivables within one year (-€9,365) and Contributions, distributions and other (-€8,500)
- Deferred charges and accrued income +€523
new in 2025: €523
- Other debts +€8,723
up €8,723 (+524%), from €1,666 to €10,389
- Reserves -€7,672
down €7,672 (-24.8%), from €30,955 to €23,284
- Debts after one year -€3,961
down €3,961 (-65.5%), from €6,045 to €2,083
- Trade debts +€1,795
up €1,795 (+88.5%), from €2,027 to €3,822
- Gross operating margin -€15,986
down €15,986 (-58.7%), from €27,223 to €11,237
- Taxes -€3,911
down €3,911 (-68.4%), from €5,721 to €1,809
- Depreciation +€1,624
up €1,624 (+28.2%), from €5,757 to €7,381
- Other operating charges -€313
down €313 (-33.7%), from €929 to €616
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 | €47,831 | €47,451 | -€380 | -0.8% |
| Fixed assets | 21/28 | €29,957 | €22,576 | -€7,381 | -24.6% |
| Tangible fixed assets | 22/27 | €29,957 | €22,576 | -€7,381 | -24.6% |
| Furniture and vehicles | 24 | €27,127 | €20,038 | -€7,089 | -26.1% |
| Other tangible fixed assets | 26 | €2,830 | €2,538 | -€292 | -10.3% |
| Current assets | 29/58 | €17,874 | €24,875 | +€7,001 | +39.2% |
| Amounts receivable within one year | 40/41 | €11,704 | €21,069 | +€9,365 | +80.0% |
| Trade receivables | 40 | €6,503 | €11,677 | +€5,174 | +79.6% |
| Other amounts receivable | 41 | €5,201 | €9,391 | +€4,190 | +80.6% |
| Cash at bank and in hand | 54/58 | €6,170 | €3,283 | -€2,887 | -46.8% |
| Deferred charges and accrued income | 490/1 | - | €523 | +€523 | |
| Total equity and liabilities | 10/49 | €47,831 | €47,451 | -€380 | -0.8% |
| Equity | 10/15 | €30,955 | €23,284 | -€7,672 | -24.8% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €30,955 | €23,284 | -€7,672 | -24.8% |
| Distributable reserves | 133 | €30,955 | €23,284 | -€7,672 | -24.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,876 | €24,167 | +€7,291 | +43.2% |
| Amounts payable after more than one year | 17 | €6,045 | €2,083 | -€3,961 | -65.5% |
| Financial debts | 170/4 | €6,045 | €2,083 | -€3,961 | -65.5% |
| Amounts payable within one year | 42/48 | €10,831 | €22,084 | +€11,253 | +104% |
| Current portion of amounts payable after more than one year | 42 | €3,703 | €3,961 | +€259 | +7.0% |
| Trade debts | 44 | €2,027 | €3,822 | +€1,795 | +88.5% |
| Suppliers | 440/4 | €2,027 | €3,822 | +€1,795 | +88.5% |
| Taxes, remuneration and social security | 45 | €3,435 | €3,911 | +€476 | +13.9% |
| Taxes | 450/3 | €3,435 | €3,911 | +€476 | +13.9% |
| Other amounts payable | 47/48 | €1,666 | €10,389 | +€8,723 | +524% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,757 | €7,381 | +€1,624 | +28.2% |
| Other operating charges | 640/8 | €929 | €616 | -€313 | -33.7% |
| Gross operating margin | 9900 | €27,223 | €11,237 | -€15,986 | -58.7% |
| Operating profit (loss) | 9901 | €20,537 | €3,239 | -€17,298 | -84.2% |
| Financial income | 75/76B | €515 | €247 | -€268 | -52.0% |
| Recurring financial income | 75 | €515 | €247 | -€268 | -52.0% |
| Financial charges | 65/66B | €1,098 | €849 | -€249 | -22.7% |
| Recurring financial charges | 65 | €1,098 | €849 | -€249 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €19,954 | €2,638 | -€17,316 | -86.8% |
| Income taxes | 67/77 | €5,721 | €1,809 | -€3,911 | -68.4% |
| Profit (loss) for the period | 9904 | €14,233 | €828 | -€13,405 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,233 | €828 | -€13,405 | -94.2% |
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 20 October 2026 via checked.be.