Maïté Liagre: 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.
Maïté Liagre
Largest movements
- Cash -€5,366
down €5,366 (-41.7%), from €12,863 to €7,497
mainly Trade debts (-€8,450) and Investment in fixed assets (net) (-€6,486)
- Deferred charges and accrued income -€5,071
down €5,071 (-83.5%), from €6,071 to €1,000
- Receivables within one year +€1,692
up €1,692 (+656%), from €258 to €1,950
of which Other amounts receivable: +€1,842
- Tangible fixed assets -€1,541
down €1,541 (-7.4%), from €20,924 to €19,383
of which Furniture and vehicles: -€5,891
- Trade debts -€8,450
down €8,450 (-82.2%), from €10,283 to €1,834
- Tax, wage and social debts -€3,750
no longer reported in 2025 (was €3,750)
- Reserves +€1,950
up €1,950 (+11.5%), from €17,000 to €18,950
- Gross operating margin -€3,806
down €3,806 (-20.9%), from €18,236 to €14,431
- Taxes -€2,009
down €2,009 (-53.6%), from €3,749 to €1,741
- Other operating charges +€1,347
up €1,347 (+110%), from €1,230 to €2,576
- Depreciation +€236
up €236 (+3.0%), from €7,791 to €8,027
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 | €40,115 | €29,830 | -€10,286 | -25.6% |
| Fixed assets | 21/28 | €20,924 | €19,383 | -€1,541 | -7.4% |
| Tangible fixed assets | 22/27 | €20,924 | €19,383 | -€1,541 | -7.4% |
| Plant, machinery and equipment | 23 | €4,212 | €8,562 | +€4,350 | +103% |
| Furniture and vehicles | 24 | €16,712 | €10,820 | -€5,891 | -35.3% |
| Current assets | 29/58 | €19,192 | €10,447 | -€8,745 | -45.6% |
| Amounts receivable within one year | 40/41 | €258 | €1,950 | +€1,692 | +656% |
| Trade receivables | 40 | €150 | - | -€150 | |
| Other amounts receivable | 41 | €108 | €1,950 | +€1,842 | +1,708% |
| Cash at bank and in hand | 54/58 | €12,863 | €7,497 | -€5,366 | -41.7% |
| Deferred charges and accrued income | 490/1 | €6,071 | €1,000 | -€5,071 | -83.5% |
| Total equity and liabilities | 10/49 | €40,115 | €29,830 | -€10,286 | -25.6% |
| Equity | 10/15 | €19,082 | €20,996 | +€1,914 | +10.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €17,000 | €18,950 | +€1,950 | +11.5% |
| Distributable reserves | 133 | €17,000 | €18,950 | +€1,950 | +11.5% |
| Profit (loss) carried forward | 14 | €82 | €46 | -€36 | -44.1% |
| Amounts payable | 17/49 | €21,033 | €8,834 | -€12,200 | -58.0% |
| Amounts payable after more than one year | 17 | €7,000 | €7,000 | = | 0.0% |
| Financial debts | 170/4 | €7,000 | €7,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,033 | €1,834 | -€12,200 | -86.9% |
| Trade debts | 44 | €10,283 | €1,834 | -€8,450 | -82.2% |
| Suppliers | 440/4 | €10,283 | €1,834 | -€8,450 | -82.2% |
| Taxes, remuneration and social security | 45 | €3,750 | - | -€3,750 | |
| Taxes | 450/3 | €3,750 | - | -€3,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,791 | €8,027 | +€236 | +3.0% |
| Other operating charges | 640/8 | €1,230 | €2,576 | +€1,347 | +110% |
| Gross operating margin | 9900 | €18,236 | €14,431 | -€3,806 | -20.9% |
| Operating profit (loss) | 9901 | €9,216 | €3,827 | -€5,389 | -58.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €190 | €172 | -€18 | -9.3% |
| Recurring financial charges | 65 | €190 | €172 | -€18 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €9,026 | €3,655 | -€5,371 | -59.5% |
| Income taxes | 67/77 | €3,749 | €1,741 | -€2,009 | -53.6% |
| Profit (loss) for the period | 9904 | €5,276 | €1,914 | -€3,363 | -63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,276 | €1,914 | -€3,363 | -63.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.