LIV SERVICES: 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 SERVICES
Largest movements
- Tangible fixed assets +€62,418
up €62,418 (+45.1%), from €138,441 to €200,859
- Cash +€32,222
up €32,222 (+54.7%), from €58,871 to €91,093
mainly Net result for the year (+€110,583) and Depreciation (+€37,721)
- Receivables within one year +€32,058
up €32,058 (+18.8%), from €170,183 to €202,240
of which Trade receivables: +€31,460
- Reserves +€40,000
up €40,000 (+44.9%), from €89,100 to €129,100
of which Distributable reserves: +€40,000
- Other debts +€23,325
up €23,325 (+48.0%), from €48,600 to €71,925
- Debts after one year +€20,616
up €20,616 (+53.1%), from €38,853 to €59,469
- Current portion of long-term debt +€19,128
up €19,128 (+66.4%), from €28,791 to €47,919
- Profit (loss) carried forward +€10,583
up €10,583 (+15.8%), from €66,893 to €77,476
- Gross operating margin +€45,025
up €45,025 (+15.2%), from €295,848 to €340,873
- Staff costs +€39,179
up €39,179 (+36.7%), from €106,715 to €145,894
- Depreciation +€7,699
up €7,699 (+25.6%), from €30,021 to €37,721
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 | €371,883 | €497,058 | +€125,175 | +33.7% |
| Fixed assets | 21/28 | €138,566 | €200,984 | +€62,418 | +45.0% |
| Tangible fixed assets | 22/27 | €138,441 | €200,859 | +€62,418 | +45.1% |
| Furniture and vehicles | 24 | €138,441 | €200,859 | +€62,418 | +45.1% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €233,317 | €296,074 | +€62,757 | +26.9% |
| Amounts receivable within one year | 40/41 | €170,183 | €202,240 | +€32,058 | +18.8% |
| Trade receivables | 40 | €169,828 | €201,287 | +€31,460 | +18.5% |
| Other amounts receivable | 41 | €355 | €953 | +€598 | +168% |
| Cash at bank and in hand | 54/58 | €58,871 | €91,093 | +€32,222 | +54.7% |
| Deferred charges and accrued income | 490/1 | €4,264 | €2,740 | -€1,523 | -35.7% |
| Total equity and liabilities | 10/49 | €371,883 | €497,058 | +€125,175 | +33.7% |
| Equity | 10/15 | €170,053 | €220,636 | +€50,583 | +29.7% |
| Contributions | 10/11 | €14,060 | €14,060 | = | 0.0% |
| Reserves | 13 | €89,100 | €129,100 | +€40,000 | +44.9% |
| Tax-exempt reserves | 132 | €9,100 | €9,100 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €120,000 | +€40,000 | +50.0% |
| Profit (loss) carried forward | 14 | €66,893 | €77,476 | +€10,583 | +15.8% |
| Amounts payable | 17/49 | €201,830 | €276,422 | +€74,592 | +37.0% |
| Amounts payable after more than one year | 17 | €38,853 | €59,469 | +€20,616 | +53.1% |
| Financial debts | 170/4 | €38,853 | €59,469 | +€20,616 | +53.1% |
| Amounts payable within one year | 42/48 | €162,977 | €216,953 | +€53,976 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €28,791 | €47,919 | +€19,128 | +66.4% |
| Financial debts | 43 | €694 | €690 | -€3 | -0.5% |
| Credit institutions | 430/8 | €694 | €690 | -€3 | -0.5% |
| Trade debts | 44 | €40,848 | €44,223 | +€3,375 | +8.3% |
| Suppliers | 440/4 | €40,848 | €44,223 | +€3,375 | +8.3% |
| Taxes, remuneration and social security | 45 | €44,044 | €52,195 | +€8,151 | +18.5% |
| Taxes | 450/3 | €26,245 | €34,438 | +€8,193 | +31.2% |
| Remuneration and social security | 454/9 | €17,799 | €17,757 | -€42 | -0.2% |
| Other amounts payable | 47/48 | €48,600 | €71,925 | +€23,325 | +48.0% |
| Remuneration, social security and pensions | 62 | €106,715 | €145,894 | +€39,179 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,021 | €37,721 | +€7,699 | +25.6% |
| Other operating charges | 640/8 | €3,168 | €2,154 | -€1,014 | -32.0% |
| Non-recurring operating charges | 66A | - | €2,888 | +€2,888 | |
| Gross operating margin | 9900 | €295,848 | €340,873 | +€45,025 | +15.2% |
| Operating profit (loss) | 9901 | €155,944 | €152,216 | -€3,728 | -2.4% |
| Financial income | 75/76B | €26 | - | -€26 | |
| Recurring financial income | 75 | €26 | - | -€26 | |
| Financial charges | 65/66B | €4,087 | €4,869 | +€782 | +19.1% |
| Recurring financial charges | 65 | €4,087 | €4,869 | +€782 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €151,882 | €147,347 | -€4,535 | -3.0% |
| Income taxes | 67/77 | €38,687 | €36,764 | -€1,923 | -5.0% |
| Profit (loss) for the period | 9904 | €113,195 | €110,583 | -€2,612 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €113,195 | €110,583 | -€2,612 | -2.3% |
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 24 October 2026 via checked.be.