Life.be: 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.
What changed
Life.be
NACE 68.122, Development of non-residential building projects
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · -€656,510+€2.1m
Equity
€12.5m
2024 · €11.1m+€1.5m
Cash
€8.4m
2024 · €207,208+€8.2m
Balance sheet total
€34.0m
2024 · €27.1m+€7.0m
Largest movements
Assets
- Cash +€8.2m
up €8.2m (+3976.2%), from €207,208 to €8.4m
mainly Short-term financial debts (+€8.5m) and Receivables within one year (+€5.6m)
- Financial fixed assets +€6.9m
up €6.9m (+42.9%), from €16.1m to €23.0m
of which Affiliated companies: +€8.5m
- Receivables within one year -€5.6m
down €5.6m (-72.7%), from €7.7m to €2.1m
of which Other amounts receivable: -€6.0m
- Current investments -€2.5m
no longer reported in 2025 (was €2.5m)
Equity and liabilities
- Short-term financial debts +€8.5m
new in 2025: €8.5m
- Other debts -€3.5m
down €3.5m (-46.6%), from €7.5m to €4.0m
- Current portion of long-term debt +€3.1m
new in 2025: €3.1m
- Debts after one year -€2.3m
down €2.3m (-31.6%), from €7.3m to €5.0m
of which Financial debts: -€7.3m
- Profit (loss) carried forward +€1.5m
up €1.5m (+92.8%), from -€1.6m to -€114,195
Income statement
- Other operating income +€1.2m
up €1.2m (+2311.4%), from €52,941 to €1.3m
- Financial income +€1.1m
up €1.1m (+485.1%), from €226,088 to €1.3m
- Turnover -€168,055
down €168,055 (-8.6%), from €2.0m to €1.8m
- Services and other goods +€60,269
up €60,269 (+2.7%), from €2.3m to €2.3m
- Financial charges -€56,203
down €56,203 (-10.7%), from €525,066 to €468,863
of which Financial charges: -€48,443
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.
Result 2024
-€656,510
Turnover
-€168,055
Other operating income
+€1.2m
Goods and materials
-€6,145
Services and other goods
-€60,269
Staff costs
-€30,876
Depreciation
+€493
Other operating charges
+€20,077
Financial income
+€1.1m
Financial charges
+€56,203
Taxes
+€112
Result 2025
€1.5m
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.
From operations
+€3.4m
Investment
-€4.4m
Financing
+€9.2m
Cash 2024
€207,208
From operations (derived)
+€3.4m
Net result for the year
+€1.5m
Depreciation
+€504
Receivables within one year
+€5.6m
Smaller working-capital items
+€13,391
Trade debts
-€338,857
Other debts
-€3.5m
Accrued charges and deferred income
+€86,765
Investment (derived)
-€4.4m
Investment in fixed assets (net)
-€6.9m
Current investments
+€2.5m
Financing
+€9.2m
Debts after one year
-€2.3m
Current portion of long-term debt
+€3.1m
Short-term financial debts
+€8.5m
Cash 2025
€8.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,051,331 | €34,035,104 | +€7.0m | +25.8% |
| Fixed assets | 21/28 | €16,066,166 | €22,954,189 | +€6.9m | +42.9% |
| Tangible fixed assets | 22/27 | €1,310 | €3,633 | +€2,323 | +177.3% |
| Furniture and vehicles | 24 | €1,310 | €3,633 | +€2,323 | +177.3% |
| Financial fixed assets | 28 | €16,064,856 | €22,950,556 | +€6.9m | +42.9% |
| Affiliated companies | 280/1 | €13,668,628 | €22,141,362 | +€8.5m | +62.0% |
| Participating interests | 280 | €13,668,628 | €17,031,196 | +€3.4m | +24.6% |
| Amounts receivable | 281 | - | €5,110,166 | +€5.1m | |
| Companies linked by participating interests | 282/3 | €2,396,228 | €809,195 | -€1.6m | -66.2% |
| Participating interests | 282 | €2,396,228 | €100,500 | -€2.3m | -95.8% |
| Amounts receivable | 283 | - | €708,695 | +€708,695 | |
| Current assets | 29/58 | €10,985,166 | €11,080,915 | +€95,749 | +0.9% |
| Stocks and contracts in progress | 3 | €315,182 | €315,182 | = | 0.0% |
| Contracts in progress | 37 | €315,182 | €315,182 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,746,150 | €2,113,308 | -€5.6m | -72.7% |
| Trade receivables | 40 | €1,476,541 | €1,806,539 | +€329,998 | +22.3% |
| Other amounts receivable | 41 | €6,269,609 | €306,769 | -€6.0m | -95.1% |
| Current investments | 50/53 | €2,500,000 | - | -€2.5m | |
| Other investments | 51/53 | €2,500,000 | - | -€2.5m | |
| Cash at bank and in hand | 54/58 | €207,208 | €8,446,136 | +€8.2m | +3976.2% |
| Deferred charges and accrued income | 490/1 | €216,626 | €206,289 | -€10,337 | -4.8% |
| Total equity and liabilities | 10/49 | €27,051,331 | €34,035,104 | +€7.0m | +25.8% |
| Equity | 10/15 | €11,055,249 | €12,530,805 | +€1.5m | +13.3% |
| Contributions | 10/11 | €12,645,000 | €12,645,000 | = | 0.0% |
| Capital | 10 | €12,645,000 | €12,645,000 | = | 0.0% |
| Issued capital | 100 | €12,645,000 | €12,645,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,589,751 | -€114,195 | +€1.5m | +92.8% |
| Amounts payable | 17/49 | €15,996,083 | €21,504,300 | +€5.5m | +34.4% |
| Amounts payable after more than one year | 17 | €7,300,000 | €4,996,289 | -€2.3m | -31.6% |
| Financial debts | 170/4 | €7,300,000 | - | -€7.3m | |
| Credit institutions | 173 | €7,300,000 | - | -€7.3m | |
| Other amounts payable | 178/9 | - | €4,996,289 | +€5.0m | |
| Amounts payable within one year | 42/48 | €8,594,868 | €16,320,031 | +€7.7m | +89.9% |
| Current portion of amounts payable after more than one year | 42 | - | €3,052,324 | +€3.1m | |
| Financial debts | 43 | - | €8,500,000 | +€8.5m | |
| Other loans | 439 | - | €8,500,000 | +€8.5m | |
| Trade debts | 44 | €1,100,417 | €761,560 | -€338,857 | -30.8% |
| Suppliers | 440/4 | €1,100,417 | €761,560 | -€338,857 | -30.8% |
| Taxes, remuneration and social security | 45 | €3,972 | €7,026 | +€3,054 | +76.9% |
| Remuneration and social security | 454/9 | €3,972 | €7,026 | +€3,054 | +76.9% |
| Other amounts payable | 47/48 | €7,490,479 | €3,999,121 | -€3.5m | -46.6% |
| Accrued charges and deferred income | 492/3 | €101,215 | €187,980 | +€86,765 | +85.7% |
| Operating income | 70/76A | €2,016,661 | €3,072,298 | +€1.1m | +52.3% |
| Turnover | 70 | €1,963,720 | €1,795,665 | -€168,055 | -8.6% |
| Other operating income | 74 | €52,941 | €1,276,633 | +€1.2m | +2311.4% |
| Operating charges | 60/66A | €2,374,081 | €2,450,801 | +€76,720 | +3.2% |
| Goods for resale, raw materials and consumables | 60 | €602 | €6,747 | +€6,145 | +1020.7% |
| Purchases | 600/8 | €602 | €6,747 | +€6,145 | +1020.7% |
| Services and other goods | 61 | €2,267,846 | €2,328,115 | +€60,269 | +2.7% |
| Remuneration, social security and pensions | 62 | €31,755 | €62,631 | +€30,876 | +97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €997 | €504 | -€493 | -49.5% |
| Other operating charges | 640/8 | €72,881 | €52,804 | -€20,077 | -27.5% |
| Operating profit (loss) | 9901 | -€357,420 | €621,497 | +€978,917 | |
| Financial income | 75/76B | €226,088 | €1,322,922 | +€1.1m | +485.1% |
| Recurring financial income | 75 | €226,088 | €1,322,922 | +€1.1m | +485.1% |
| Income from financial fixed assets | 750 | - | €1,054,389 | +€1.1m | |
| Income from current assets | 751 | €226,088 | €268,533 | +€42,445 | +18.8% |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €525,066 | €468,863 | -€56,203 | -10.7% |
| Recurring financial charges | 65 | €507,325 | €458,882 | -€48,443 | -9.5% |
| Debt charges | 650 | €473,227 | €407,091 | -€66,137 | -14.0% |
| Other financial charges | 652/9 | €34,097 | €51,791 | +€17,694 | +51.9% |
| Non-recurring financial charges | 66B | €17,741 | €9,981 | -€7,760 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | -€656,398 | €1,475,556 | +€2.1m | |
| Income taxes | 67/77 | €112 | - | -€112 | |
| Taxes | 670/3 | €112 | - | -€112 | |
| Profit (loss) for the period | 9904 | -€656,510 | €1,475,556 | +€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€656,510 | €1,475,556 | +€2.1m |
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 10 October 2026 via checked.be.