SUZY LIEVENS: 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.
SUZY LIEVENS
Largest movements
- Cash +€16,300
up €16,300 (+29.1%), from €56,010 to €72,310
mainly Net result for the year (+€16,155) and Depreciation (+€9,229)
- Receivables within one year +€14,213
up €14,213 (+89.7%), from €15,841 to €30,055
of which Other amounts receivable: +€8,013
- Tangible fixed assets -€9,229
down €9,229 (-47.6%), from €19,380 to €10,151
of which Furniture and vehicles: -€8,040
- Reserves +€16,155
up €16,155 (+13.8%), from €117,414 to €133,569
- Tax, wage and social debts +€5,366
up €5,366 (+220%), from €2,437 to €7,802
of which Remuneration and social security: +€3,554
- Gross operating margin +€2,547
up €2,547 (+8.1%), from €31,432 to €33,979
- Taxes +€1,418
up €1,418 (+22.6%), from €6,278 to €7,697
- Depreciation -€534
down €534 (-5.5%), from €9,763 to €9,229
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 | €142,203 | €163,249 | +€21,046 | +14.8% |
| Fixed assets | 21/28 | €19,380 | €10,151 | -€9,229 | -47.6% |
| Tangible fixed assets | 22/27 | €19,380 | €10,151 | -€9,229 | -47.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €11,219 | €3,179 | -€8,040 | -71.7% |
| Other tangible fixed assets | 26 | €8,162 | €6,973 | -€1,189 | -14.6% |
| Current assets | 29/58 | €122,823 | €153,098 | +€30,275 | +24.6% |
| Amounts receivable within one year | 40/41 | €15,841 | €30,055 | +€14,213 | +89.7% |
| Trade receivables | 40 | €0 | €6,200 | +€6,200 | |
| Other amounts receivable | 41 | €15,841 | €23,854 | +€8,013 | +50.6% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €56,010 | €72,310 | +€16,300 | +29.1% |
| Deferred charges and accrued income | 490/1 | €972 | €733 | -€238 | -24.5% |
| Total equity and liabilities | 10/49 | €142,203 | €163,249 | +€21,046 | +14.8% |
| Equity | 10/15 | €139,292 | €155,447 | +€16,155 | +11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,414 | €133,569 | +€16,155 | +13.8% |
| Distributable reserves | 133 | €117,414 | €133,569 | +€16,155 | +13.8% |
| Profit (loss) carried forward | 14 | €3,278 | €3,278 | = | 0.0% |
| Amounts payable | 17/49 | €2,912 | €7,802 | +€4,891 | +168% |
| Amounts payable within one year | 42/48 | €2,912 | €7,802 | +€4,891 | +168% |
| Trade debts | 44 | €475 | - | -€475 | |
| Suppliers | 440/4 | €475 | - | -€475 | |
| Taxes, remuneration and social security | 45 | €2,437 | €7,802 | +€5,366 | +220% |
| Taxes | 450/3 | €2,437 | €4,248 | +€1,812 | +74.4% |
| Remuneration and social security | 454/9 | - | €3,554 | +€3,554 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,763 | €9,229 | -€534 | -5.5% |
| Other operating charges | 640/8 | €1,194 | €905 | -€289 | -24.2% |
| Gross operating margin | 9900 | €31,432 | €33,979 | +€2,547 | +8.1% |
| Operating profit (loss) | 9901 | €20,475 | €23,845 | +€3,370 | +16.5% |
| Financial income | 75/76B | €28 | €133 | +€105 | +381% |
| Recurring financial income | 75 | €28 | €133 | +€105 | +381% |
| Financial charges | 65/66B | €320 | €126 | -€194 | -60.5% |
| Recurring financial charges | 65 | €320 | €126 | -€194 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €20,183 | €23,852 | +€3,669 | +18.2% |
| Income taxes | 67/77 | €6,278 | €7,697 | +€1,418 | +22.6% |
| Profit (loss) for the period | 9904 | €13,905 | €16,155 | +€2,250 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,905 | €16,155 | +€2,250 | +16.2% |
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 22 October 2026 via checked.be.