M.M. LIEJO: 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.
M.M. LIEJO
Largest movements
- Cash -€17,168
down €17,168 (-72.2%), from €23,789 to €6,621
mainly Receivables within one year (-€10,042) and Investment in fixed assets (net) (-€7,682)
- Receivables within one year +€10,042
up €10,042 (+46.3%), from €21,704 to €31,746
- Tangible fixed assets +€6,991
new in 2025: €6,991
of which Other tangible fixed assets: +€5,761
- Other debts +€13,583
new in 2025: €13,583
- Profit (loss) carried forward -€7,052
down €7,052 (-164%), from -€4,298 to -€11,350
- Tax, wage and social debts -€4,412
down €4,412 (-96.1%), from €4,591 to €179
- Trade debts -€2,254
down €2,254 (-79.3%), from €2,841 to €587
- Gross operating margin -€8,890
down €8,890, from €5,430 to -€3,461
- Financial charges -€5,324
down €5,324 (-99.0%), from €5,377 to €52
- Taxes +€2,188
new in 2025: €2,188
- Depreciation +€691
new in 2025: €691
- Other operating charges +€660
new in 2025: €660
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 | €45,493 | €45,359 | -€135 | -0.3% |
| Fixed assets | 21/28 | - | €6,991 | +€6,991 | |
| Tangible fixed assets | 22/27 | - | €6,991 | +€6,991 | |
| Furniture and vehicles | 24 | - | €1,230 | +€1,230 | |
| Other tangible fixed assets | 26 | - | €5,761 | +€5,761 | |
| Current assets | 29/58 | €45,493 | €38,367 | -€7,126 | -15.7% |
| Amounts receivable within one year | 40/41 | €21,704 | €31,746 | +€10,042 | +46.3% |
| Other amounts receivable | 41 | €21,704 | €31,746 | +€10,042 | +46.3% |
| Cash at bank and in hand | 54/58 | €23,789 | €6,621 | -€17,168 | -72.2% |
| Total equity and liabilities | 10/49 | €45,493 | €45,359 | -€135 | -0.3% |
| Equity | 10/15 | €38,062 | €31,010 | -€7,052 | -18.5% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €24,360 | €24,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €22,500 | €22,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,298 | -€11,350 | -€7,052 | -164% |
| Amounts payable | 17/49 | €7,431 | €14,349 | +€6,918 | +93.1% |
| Amounts payable within one year | 42/48 | €7,431 | €14,349 | +€6,918 | +93.1% |
| Trade debts | 44 | €2,841 | €587 | -€2,254 | -79.3% |
| Suppliers | 440/4 | €2,841 | €587 | -€2,254 | -79.3% |
| Taxes, remuneration and social security | 45 | €4,591 | €179 | -€4,412 | -96.1% |
| Taxes | 450/3 | €4,591 | €179 | -€4,412 | -96.1% |
| Other amounts payable | 47/48 | - | €13,583 | +€13,583 | |
| Remuneration, social security and pensions | 62 | €139 | €0 | -€139 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €691 | +€691 | |
| Other operating charges | 640/8 | - | €660 | +€660 | |
| Non-recurring operating charges | 66A | €14,798 | €0 | -€14,798 | -100% |
| Gross operating margin | 9900 | €5,430 | -€3,461 | -€8,890 | |
| Operating profit (loss) | 9901 | -€9,508 | -€4,812 | +€4,695 | +49.4% |
| Financial income | 75/76B | €600 | €1 | -€599 | -99.9% |
| Recurring financial income | 75 | €600 | €1 | -€599 | -99.9% |
| Financial charges | 65/66B | €5,377 | €52 | -€5,324 | -99.0% |
| Recurring financial charges | 65 | €5,377 | €52 | -€5,324 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,284 | -€4,864 | +€9,420 | +65.9% |
| Income taxes | 67/77 | - | €2,188 | +€2,188 | |
| Profit (loss) for the period | 9904 | -€14,284 | -€7,052 | +€7,232 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,284 | -€7,052 | +€7,232 | +50.6% |
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 31 October 2026 via checked.be.