LIV MED: 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 MED
Largest movements
- Cash +€107,382
up €107,382 (+852%), from €12,599 to €119,981
mainly Net result for the year (+€98,701) and Depreciation (+€8,450)
- Tangible fixed assets -€7,336
down €7,336 (-23.0%), from €31,834 to €24,498
- Deferred charges and accrued income -€4,109
down €4,109 (-5.0%), from €82,026 to €77,917
- Reserves +€98,701
up €98,701 (+167%), from €59,137 to €157,838
- Debts after one year -€7,989
down €7,989 (-32.1%), from €24,902 to €16,914
- Tax, wage and social debts +€5,628
up €5,628 (+19.2%), from €29,372 to €35,000
of which Taxes: +€13,988
- Gross operating margin +€59,449
up €59,449 (+78.1%), from €76,116 to €135,564
- Taxes +€11,764
up €11,764 (+78.7%), from €14,948 to €26,712
- Depreciation +€7,062
up €7,062 (+509%), from €1,388 to €8,450
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 | €126,459 | €222,396 | +€95,937 | +75.9% |
| Fixed assets | 21/28 | €31,834 | €24,498 | -€7,336 | -23.0% |
| Tangible fixed assets | 22/27 | €31,834 | €24,498 | -€7,336 | -23.0% |
| Furniture and vehicles | 24 | €31,834 | €24,498 | -€7,336 | -23.0% |
| Current assets | 29/58 | €94,625 | €197,898 | +€103,273 | +109% |
| Cash at bank and in hand | 54/58 | €12,599 | €119,981 | +€107,382 | +852% |
| Deferred charges and accrued income | 490/1 | €82,026 | €77,917 | -€4,109 | -5.0% |
| Total equity and liabilities | 10/49 | €126,459 | €222,396 | +€95,937 | +75.9% |
| Equity | 10/15 | €62,137 | €160,838 | +€98,701 | +159% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €59,137 | €157,838 | +€98,701 | +167% |
| Distributable reserves | 133 | €59,137 | €157,838 | +€98,701 | +167% |
| Amounts payable | 17/49 | €64,322 | €61,558 | -€2,764 | -4.3% |
| Amounts payable after more than one year | 17 | €24,902 | €16,914 | -€7,989 | -32.1% |
| Financial debts | 170/4 | €24,902 | €16,914 | -€7,989 | -32.1% |
| Amounts payable within one year | 42/48 | €39,420 | €44,645 | +€5,225 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €7,692 | €7,989 | +€297 | +3.9% |
| Trade debts | 44 | €2,357 | €1,090 | -€1,267 | -53.8% |
| Suppliers | 440/4 | €2,357 | €1,090 | -€1,267 | -53.8% |
| Taxes, remuneration and social security | 45 | €29,372 | €35,000 | +€5,628 | +19.2% |
| Taxes | 450/3 | €16,832 | €30,820 | +€13,988 | +83.1% |
| Remuneration and social security | 454/9 | €12,540 | €4,180 | -€8,360 | -66.7% |
| Other amounts payable | 47/48 | - | €567 | +€567 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,388 | €8,450 | +€7,062 | +509% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €76,116 | €135,564 | +€59,449 | +78.1% |
| Operating profit (loss) | 9901 | €74,341 | €126,715 | +€52,374 | +70.5% |
| Financial charges | 65/66B | €256 | €1,302 | +€1,046 | +409% |
| Recurring financial charges | 65 | €256 | €1,302 | +€1,046 | +409% |
| Profit (loss) for the period before taxes | 9903 | €74,085 | €125,412 | +€51,328 | +69.3% |
| Income taxes | 67/77 | €14,948 | €26,712 | +€11,764 | +78.7% |
| Profit (loss) for the period | 9904 | €59,137 | €98,701 | +€39,564 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,137 | €98,701 | +€39,564 | +66.9% |
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 20 October 2026 via checked.be.