LIVA: 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.
LIVA
Largest movements
- Tangible fixed assets -€18,474
down €18,474 (-5.5%), from €333,443 to €314,969
of which Land and buildings: -€17,536
- Current investments -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Cash +€9,091
up €9,091 (+57.3%), from €15,861 to €24,953
mainly Depreciation (+€22,381) and Other debts (+€12,411)
- Reserves -€29,199
down €29,199 (-10.5%), from €277,953 to €248,755
of which Distributable reserves: -€16,897
- Other debts +€12,411
up €12,411 (+62085.1%), from €20 to €12,431
- Provisions -€4,100
down €4,100 (-7.2%), from €57,114 to €53,014
- Debts after one year -€4,080
down €4,080 (-100.0%), from €4,080 to €0
- Gross operating margin +€2,409
up €2,409 (+7.8%), from €30,818 to €33,228
- Taxes +€631
up €631 (+9.6%), from €6,571 to €7,201
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €361,236 | €340,065 | -€21,171 | -5.9% |
| Fixed assets | 21/28 | €333,443 | €314,969 | -€18,474 | -5.5% |
| Tangible fixed assets | 22/27 | €333,443 | €314,969 | -€18,474 | -5.5% |
| Land and buildings | 22 | €330,104 | €312,568 | -€17,536 | -5.3% |
| Furniture and vehicles | 24 | €3,338 | €2,400 | -€938 | -28.1% |
| Current assets | 29/58 | €27,794 | €25,097 | -€2,697 | -9.7% |
| Amounts receivable within one year | 40/41 | €1,788 | €0 | -€1,788 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,788 | €0 | -€1,788 | -100.0% |
| Current investments | 50/53 | €10,000 | €0 | -€10,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €15,861 | €24,953 | +€9,091 | +57.3% |
| Deferred charges and accrued income | 490/1 | €144 | €144 | = | 0.0% |
| Total equity and liabilities | 10/49 | €361,236 | €340,065 | -€21,171 | -5.9% |
| Equity | 10/15 | €296,545 | €267,347 | -€29,199 | -9.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €277,953 | €248,755 | -€29,199 | -10.5% |
| Tax-exempt reserves | 132 | €171,342 | €159,041 | -€12,301 | -7.2% |
| Distributable reserves | 133 | €106,611 | €89,714 | -€16,897 | -15.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €57,114 | €53,014 | -€4,100 | -7.2% |
| Deferred taxes | 168 | €57,114 | €53,014 | -€4,100 | -7.2% |
| Amounts payable | 17/49 | €7,577 | €19,705 | +€12,128 | +160.1% |
| Amounts payable after more than one year | 17 | €4,080 | €0 | -€4,080 | -100.0% |
| Other amounts payable | 178/9 | €4,080 | €0 | -€4,080 | -100.0% |
| Amounts payable within one year | 42/48 | €1,497 | €17,705 | +€16,208 | +1083.0% |
| Trade debts | 44 | €0 | €662 | +€662 | |
| Suppliers | 440/4 | €0 | €662 | +€662 | |
| Taxes, remuneration and social security | 45 | €1,477 | €4,613 | +€3,136 | +212.4% |
| Taxes | 450/3 | €1,477 | €4,613 | +€3,136 | +212.4% |
| Other amounts payable | 47/48 | €20 | €12,431 | +€12,411 | +62085.1% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,067 | €22,381 | +€315 | +1.4% |
| Other operating charges | 640/8 | €4,752 | €4,899 | +€148 | +3.1% |
| Non-recurring operating charges | 66A | €81 | €0 | -€81 | -100.0% |
| Gross operating margin | 9900 | €30,818 | €33,228 | +€2,409 | +7.8% |
| Operating profit (loss) | 9901 | €3,919 | €5,948 | +€2,028 | +51.7% |
| Financial income | 75/76B | €313 | €218 | -€95 | -30.3% |
| Recurring financial income | 75 | €313 | €218 | -€95 | -30.3% |
| Financial charges | 65/66B | €112 | €64 | -€48 | -43.1% |
| Recurring financial charges | 65 | €112 | €64 | -€48 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €4,120 | €6,102 | +€1,982 | +48.1% |
| Transfer from deferred taxes | 780 | €4,100 | €4,100 | = | 0.0% |
| Income taxes | 67/77 | €6,571 | €7,201 | +€631 | +9.6% |
| Profit (loss) for the period | 9904 | €1,650 | €3,001 | +€1,351 | +81.8% |
| Transfer from tax-exempt reserves | 789 | €12,301 | €12,301 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,951 | €15,302 | +€1,351 | +9.7% |
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.