von Liesenborgs: what changed
von Liesenborgs
Largest movements
- Tangible fixed assets +€233,320
up €233,320 (+743%), from €31,386 to €264,706
of which Land and buildings: +€230,944
- Financial fixed assets +€75,000
new in 2025: €75,000
- Cash -€44,712
down €44,712 (-35.4%), from €126,466 to €81,754
mainly Investment in fixed assets (net) (-€338,124) and Trade debts (-€38,810)
- Receivables within one year -€25,772
down €25,772 (-42.9%), from €60,047 to €34,275
of which Other amounts receivable: -€24,925
- Deferred charges and accrued income +€4,685
new in 2025: €4,685
- Debts after one year +€237,959
new in 2025: €237,959
- Profit (loss) carried forward +€72,647
up €72,647 (+52.5%), from €138,460 to €211,108
- Trade debts -€38,810
down €38,810 (-95.7%), from €40,535 to €1,725
- Tax, wage and social debts -€32,910
down €32,910 (-93.4%), from €35,222 to €2,312
- Gross operating margin -€44,943
down €44,943 (-25.1%), from €178,910 to €133,967
- Depreciation +€28,717
up €28,717 (+2,641%), from €1,087 to €29,804
- Taxes -€13,929
down €13,929 (-35.9%), from €38,854 to €24,925
- Financial charges +€4,230
up €4,230 (+3,504%), from €121 to €4,351
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €217,900 | €460,421 | +€242,521 | +111% |
| Fixed assets | 21/28 | €31,386 | €339,706 | +€308,320 | +982% |
| Tangible fixed assets | 22/27 | €31,386 | €264,706 | +€233,320 | +743% |
| Land and buildings | 22 | €26,000 | €256,944 | +€230,944 | +888% |
| Plant, machinery and equipment | 23 | - | €906 | +€906 | |
| Furniture and vehicles | 24 | €5,386 | €6,856 | +€1,469 | +27.3% |
| Financial fixed assets | 28 | - | €75,000 | +€75,000 | |
| Current assets | 29/58 | €186,513 | €120,715 | -€65,799 | -35.3% |
| Amounts receivable within one year | 40/41 | €60,047 | €34,275 | -€25,772 | -42.9% |
| Trade receivables | 40 | €25,047 | €24,200 | -€847 | -3.4% |
| Other amounts receivable | 41 | €35,000 | €10,075 | -€24,925 | -71.2% |
| Cash at bank and in hand | 54/58 | €126,466 | €81,754 | -€44,712 | -35.4% |
| Deferred charges and accrued income | 490/1 | - | €4,685 | +€4,685 | |
| Total equity and liabilities | 10/49 | €217,900 | €460,421 | +€242,521 | +111% |
| Equity | 10/15 | €141,460 | €214,108 | +€72,647 | +51.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,460 | €211,108 | +€72,647 | +52.5% |
| Amounts payable | 17/49 | €76,439 | €246,313 | +€169,874 | +222% |
| Amounts payable after more than one year | 17 | - | €237,959 | +€237,959 | |
| Financial debts | 170/4 | - | €237,959 | +€237,959 | |
| Amounts payable within one year | 42/48 | €76,439 | €8,354 | -€68,085 | -89.1% |
| Trade debts | 44 | €40,535 | €1,725 | -€38,810 | -95.7% |
| Suppliers | 440/4 | €40,535 | €1,725 | -€38,810 | -95.7% |
| Taxes, remuneration and social security | 45 | €35,222 | €2,312 | -€32,910 | -93.4% |
| Taxes | 450/3 | €35,222 | €2,312 | -€32,910 | -93.4% |
| Other amounts payable | 47/48 | €683 | €4,317 | +€3,635 | +533% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,087 | €29,804 | +€28,717 | +2,641% |
| Other operating charges | 640/8 | €387 | €1,407 | +€1,019 | +263% |
| Gross operating margin | 9900 | €178,910 | €133,967 | -€44,943 | -25.1% |
| Operating profit (loss) | 9901 | €177,435 | €102,756 | -€74,679 | -42.1% |
| Financial charges | 65/66B | €121 | €4,351 | +€4,230 | +3,504% |
| Recurring financial charges | 65 | €121 | €4,351 | +€4,230 | +3,504% |
| Profit (loss) for the period before taxes | 9903 | €177,314 | €98,405 | -€78,909 | -44.5% |
| Income taxes | 67/77 | €38,854 | €24,925 | -€13,929 | -35.9% |
| Profit (loss) for the period | 9904 | €138,460 | €73,480 | -€64,980 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €138,460 | €73,480 | -€64,980 | -46.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.