LIV-Y: 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-Y
Largest movements
- Tangible fixed assets +€382,157
up €382,157 (+13.3%), from €2.9m to €3.3m
of which Land and buildings: +€385,792
- Receivables within one year -€105,319
down €105,319 (-60.5%), from €173,954 to €68,635
of which Other amounts receivable: -€121,029
- Debts after one year +€185,307
up €185,307 (+8.3%), from €2.2m to €2.4m
of which Financial debts: +€178,966
- Other debts +€119,507
up €119,507 (+10.9%), from €1.1m to €1.2m
- Profit (loss) carried forward -€69,944
down €69,944 (-14.8%), from -€473,165 to -€543,109
- Current portion of long-term debt +€41,173
up €41,173 (+23.7%), from €174,036 to €215,209
- Gross operating margin +€25,909
up €25,909 (+14.9%), from €174,221 to €200,130
- Other operating charges +€15,517
up €15,517 (+28.8%), from €53,913 to €69,430
- Depreciation +€15,475
up €15,475 (+16.1%), from €96,196 to €111,671
- Financial charges +€9,229
up €9,229 (+11.0%), from €84,130 to €93,360
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 | €3,073,111 | €3,348,722 | +€275,611 | +9.0% |
| Fixed assets | 21/28 | €2,873,433 | €3,255,590 | +€382,157 | +13.3% |
| Tangible fixed assets | 22/27 | €2,873,433 | €3,255,590 | +€382,157 | +13.3% |
| Land and buildings | 22 | €2,864,035 | €3,249,826 | +€385,792 | +13.5% |
| Furniture and vehicles | 24 | €9,398 | €5,763 | -€3,635 | -38.7% |
| Current assets | 29/58 | €199,678 | €93,132 | -€106,546 | -53.4% |
| Amounts receivable within one year | 40/41 | €173,954 | €68,635 | -€105,319 | -60.5% |
| Trade receivables | 40 | €15,146 | €30,856 | +€15,710 | +104% |
| Other amounts receivable | 41 | €158,809 | €37,779 | -€121,029 | -76.2% |
| Cash at bank and in hand | 54/58 | €23,024 | €22,819 | -€205 | -0.9% |
| Deferred charges and accrued income | 490/1 | €2,699 | €1,677 | -€1,022 | -37.9% |
| Total equity and liabilities | 10/49 | €3,073,111 | €3,348,722 | +€275,611 | +9.0% |
| Equity | 10/15 | -€472,165 | -€542,109 | -€69,944 | -14.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€473,165 | -€543,109 | -€69,944 | -14.8% |
| Amounts payable | 17/49 | €3,545,276 | €3,890,831 | +€345,555 | +9.7% |
| Amounts payable after more than one year | 17 | €2,223,883 | €2,409,189 | +€185,307 | +8.3% |
| Financial debts | 170/4 | €2,178,903 | €2,357,868 | +€178,966 | +8.2% |
| Other amounts payable | 178/9 | €44,980 | €51,321 | +€6,341 | +14.1% |
| Amounts payable within one year | 42/48 | €1,293,380 | €1,460,757 | +€167,378 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €174,036 | €215,209 | +€41,173 | +23.7% |
| Financial debts | 43 | €5,931 | €0 | -€5,931 | -100% |
| Credit institutions | 430/8 | €5,931 | €0 | -€5,931 | -100% |
| Trade debts | 44 | €16,439 | €29,068 | +€12,629 | +76.8% |
| Suppliers | 440/4 | €16,439 | €29,068 | +€12,629 | +76.8% |
| Other amounts payable | 47/48 | €1,096,973 | €1,216,480 | +€119,507 | +10.9% |
| Accrued charges and deferred income | 492/3 | €28,013 | €20,884 | -€7,129 | -25.4% |
| Non-recurring operating income | 76A | €225 | €0 | -€225 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,196 | €111,671 | +€15,475 | +16.1% |
| Other operating charges | 640/8 | €53,913 | €69,430 | +€15,517 | +28.8% |
| Gross operating margin | 9900 | €174,221 | €200,130 | +€25,909 | +14.9% |
| Operating profit (loss) | 9901 | €24,113 | €19,030 | -€5,083 | -21.1% |
| Financial income | 75/76B | €4,278 | €4,386 | +€108 | +2.5% |
| Recurring financial income | 75 | €4,278 | €4,386 | +€108 | +2.5% |
| Financial charges | 65/66B | €84,130 | €93,360 | +€9,229 | +11.0% |
| Recurring financial charges | 65 | €84,130 | €93,360 | +€9,229 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | -€55,740 | -€69,944 | -€14,204 | -25.5% |
| Profit (loss) for the period | 9904 | -€55,740 | -€69,944 | -€14,204 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,740 | -€69,944 | -€14,204 | -25.5% |
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 25 October 2026 via checked.be.