RESOLUTION LIEGE: what changed
Two fiscal 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.
RESOLUTION LIEGE
Largest movements
- Tangible fixed assets +€44,955
up €44,955 (+36.7%), from €122,381 to €167,336
of which Other tangible fixed assets: +€43,371
- Cash -€8,090
down €8,090 (-49.8%), from €16,260 to €8,170
mainly Investment in fixed assets (net) (-€74,211) and Contributions, distributions and other (-€20,000)
- Profit (loss) carried forward +€32,909
up €32,909 (+29.7%), from €110,629 to €143,538
- Tax, wage and social debts +€7,421
up €7,421 (+168.6%), from €4,401 to €11,821
- Current portion of long-term debt -€3,481
no longer reported in 2025 (was €3,481)
- Gross operating margin -€13,887
down €13,887 (-12.7%), from €109,466 to €95,579
- Staff costs -€8,969
no longer reported in 2025 (was €8,969)
- Depreciation +€5,594
up €5,594 (+23.6%), from €23,681 to €29,275
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.
Cash bridge derived
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 | €170,771 | €206,395 | +€35,624 | +20.9% |
| Fixed assets | 21/28 | €130,163 | €175,098 | +€44,935 | +34.5% |
| Intangible fixed assets | 21 | €6,182 | €4,742 | -€1,440 | -23.3% |
| Tangible fixed assets | 22/27 | €122,381 | €167,336 | +€44,955 | +36.7% |
| Land and buildings | 22 | €5,258 | €3,597 | -€1,660 | -31.6% |
| Plant, machinery and equipment | 23 | €17,512 | €26,698 | +€9,186 | +52.5% |
| Furniture and vehicles | 24 | €9,534 | €3,593 | -€5,940 | -62.3% |
| Other tangible fixed assets | 26 | €90,077 | €133,448 | +€43,371 | +48.1% |
| Financial fixed assets | 28 | €1,600 | €3,020 | +€1,420 | +88.8% |
| Current assets | 29/58 | €40,608 | €31,296 | -€9,312 | -22.9% |
| Stocks and contracts in progress | 3 | €5,323 | €5,354 | +€30 | +0.6% |
| Stocks | 30/36 | €5,323 | €5,354 | +€30 | +0.6% |
| Amounts receivable within one year | 40/41 | €17,987 | €16,707 | -€1,280 | -7.1% |
| Trade receivables | 40 | €17,598 | €14,197 | -€3,401 | -19.3% |
| Other amounts receivable | 41 | €390 | €2,510 | +€2,121 | +544.3% |
| Cash at bank and in hand | 54/58 | €16,260 | €8,170 | -€8,090 | -49.8% |
| Deferred charges and accrued income | 490/1 | €1,038 | €1,066 | +€29 | +2.8% |
| Total equity and liabilities | 10/49 | €170,771 | €206,395 | +€35,624 | +20.9% |
| Equity | 10/15 | €130,469 | €163,378 | +€32,909 | +25.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,240 | €1,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,629 | €143,538 | +€32,909 | +29.7% |
| Amounts payable | 17/49 | €40,302 | €43,017 | +€2,715 | +6.7% |
| Amounts payable within one year | 42/48 | €39,752 | €43,017 | +€3,265 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €3,481 | - | -€3,481 | |
| Trade debts | 44 | €6,896 | €7,465 | +€570 | +8.3% |
| Suppliers | 440/4 | €6,896 | €7,465 | +€570 | +8.3% |
| Taxes, remuneration and social security | 45 | €4,401 | €11,821 | +€7,421 | +168.6% |
| Taxes | 450/3 | €4,401 | €11,821 | +€7,421 | +168.6% |
| Other amounts payable | 47/48 | €24,974 | €23,730 | -€1,244 | -5.0% |
| Accrued charges and deferred income | 492/3 | €550 | - | -€550 | |
| Remuneration, social security and pensions | 62 | €8,969 | - | -€8,969 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,681 | €29,275 | +€5,594 | +23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €669 | +€669 | |
| Other operating charges | 640/8 | €510 | €648 | +€139 | +27.3% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €109,466 | €95,579 | -€13,887 | -12.7% |
| Operating profit (loss) | 9901 | €76,307 | €64,987 | -€11,320 | -14.8% |
| Financial income | 75/76B | €88 | €428 | +€341 | +388.4% |
| Recurring financial income | 75 | €88 | €428 | +€341 | +388.4% |
| Financial charges | 65/66B | €165 | €146 | -€20 | -12.0% |
| Recurring financial charges | 65 | €165 | €146 | -€20 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €76,229 | €65,270 | -€10,959 | -14.4% |
| Income taxes | 67/77 | €12,853 | €12,361 | -€491 | -3.8% |
| Profit (loss) for the period | 9904 | €63,376 | €52,909 | -€10,468 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,376 | €52,909 | -€10,468 | -16.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.