LIV-IT: 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.
LIV-IT
Largest movements
- Tangible fixed assets +€776,021
up €776,021 (+469%), from €165,609 to €941,630
of which Land and buildings: +€686,620
- Financial fixed assets -€201,665
down €201,665 (-100%), from €201,665 to €0
- Receivables after one year -€130,000
down €130,000 (-100%), from €130,000 to €0
- Receivables within one year +€113,725
up €113,725 (+37.7%), from €301,582 to €415,307
of which Other amounts receivable: +€188,910
- Cash +€26,006
up €26,006 (+135%), from €19,273 to €45,279
mainly Debts after one year (+€487,406) and Other debts (+€224,039)
- Debts after one year +€487,406
up €487,406 (+675%), from €72,187 to €559,593
- Other debts +€224,039
up €224,039 (+181%), from €123,488 to €347,527
- Profit (loss) carried forward -€204,638
down €204,638 (-40.2%), from €509,286 to €304,648
- Trade debts +€54,943
up €54,943, from €0 to €54,943
- Short-term financial debts +€40,407
new in 2025: €40,407
- Depreciation +€116,177
up €116,177 (+2,454%), from €4,735 to €120,912
- Gross operating margin -€94,776
down €94,776, from €61,326 to -€33,450
- Financial charges +€26,870
up €26,870, from -€304 to €26,566
of which Non-recurring financial charges: +€22,500
- Taxes +€2,387
up €2,387 (+19.1%), from €12,500 to €14,887
- Other operating charges -€1,275
down €1,275 (-67.6%), from €1,886 to €611
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 | €820,632 | €1,402,834 | +€582,203 | +70.9% |
| Fixed assets | 21/28 | €367,273 | €941,630 | +€574,356 | +156% |
| Tangible fixed assets | 22/27 | €165,609 | €941,630 | +€776,021 | +469% |
| Land and buildings | 22 | €147,765 | €834,385 | +€686,620 | +465% |
| Furniture and vehicles | 24 | - | €92,245 | +€92,245 | |
| Other tangible fixed assets | 26 | €17,844 | €15,000 | -€2,844 | -15.9% |
| Financial fixed assets | 28 | €201,665 | €0 | -€201,665 | -100% |
| Current assets | 29/58 | €453,359 | €461,205 | +€7,846 | +1.7% |
| Amounts receivable after more than one year | 29 | €130,000 | €0 | -€130,000 | -100% |
| Other amounts receivable | 291 | €130,000 | €0 | -€130,000 | -100% |
| Amounts receivable within one year | 40/41 | €301,582 | €415,307 | +€113,725 | +37.7% |
| Trade receivables | 40 | €107,045 | €31,860 | -€75,185 | -70.2% |
| Other amounts receivable | 41 | €194,537 | €383,447 | +€188,910 | +97.1% |
| Cash at bank and in hand | 54/58 | €19,273 | €45,279 | +€26,006 | +135% |
| Deferred charges and accrued income | 490/1 | €2,503 | €619 | -€1,884 | -75.3% |
| Total equity and liabilities | 10/49 | €820,632 | €1,402,834 | +€582,203 | +70.9% |
| Equity | 10/15 | €598,429 | €393,791 | -€204,638 | -34.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,543 | €70,543 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €68,683 | €68,683 | = | 0.0% |
| Profit (loss) carried forward | 14 | €509,286 | €304,648 | -€204,638 | -40.2% |
| Amounts payable | 17/49 | €222,203 | €1,009,044 | +€786,841 | +354% |
| Amounts payable after more than one year | 17 | €72,187 | €559,593 | +€487,406 | +675% |
| Financial debts | 170/4 | €72,187 | €559,593 | +€487,406 | +675% |
| Amounts payable within one year | 42/48 | €148,591 | €449,450 | +€300,859 | +202% |
| Current portion of amounts payable after more than one year | 42 | €11,824 | €0 | -€11,824 | -100% |
| Financial debts | 43 | - | €40,407 | +€40,407 | |
| Credit institutions | 430/8 | - | €40,407 | +€40,407 | |
| Trade debts | 44 | €0 | €54,943 | +€54,943 | |
| Suppliers | 440/4 | €0 | €54,943 | +€54,943 | |
| Taxes, remuneration and social security | 45 | €13,279 | €6,573 | -€6,706 | -50.5% |
| Taxes | 450/3 | €13,279 | €6,573 | -€6,706 | -50.5% |
| Other amounts payable | 47/48 | €123,488 | €347,527 | +€224,039 | +181% |
| Accrued charges and deferred income | 492/3 | €1,425 | €0 | -€1,425 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,735 | €120,912 | +€116,177 | +2,454% |
| Other operating charges | 640/8 | €1,886 | €611 | -€1,275 | -67.6% |
| Non-recurring operating charges | 66A | - | €8,212 | +€8,212 | |
| Gross operating margin | 9900 | €61,326 | -€33,450 | -€94,776 | |
| Operating profit (loss) | 9901 | €54,705 | -€163,185 | -€217,890 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | -€304 | €26,566 | +€26,870 | |
| Recurring financial charges | 65 | -€304 | €4,066 | +€4,370 | |
| Non-recurring financial charges | 66B | - | €22,500 | +€22,500 | |
| Profit (loss) for the period before taxes | 9903 | €55,009 | -€189,751 | -€244,760 | |
| Income taxes | 67/77 | €12,500 | €14,887 | +€2,387 | +19.1% |
| Profit (loss) for the period | 9904 | €42,509 | -€204,638 | -€247,147 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,509 | -€204,638 | -€247,147 |
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.