LIVA'DMIN: 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'DMIN
Largest movements
- Cash +€19,179
up €19,179 (+29.4%), from €65,243 to €84,422
mainly Net result for the year (+€26,044) and Receivables within one year (+€3,311)
- Receivables within one year -€3,311
down €3,311 (-21.4%), from €15,464 to €12,153
- Tangible fixed assets +€2,830
up €2,830 (+41.4%), from €6,840 to €9,671
of which Other tangible fixed assets: +€4,516
- Reserves +€26,044
up €26,044 (+42.5%), from €61,345 to €87,388
- Other debts -€6,572
down €6,572 (-94.6%), from €6,950 to €378
- Gross operating margin -€8,394
down €8,394 (-18.1%), from €46,414 to €38,020
- Taxes -€1,172
down €1,172 (-12.7%), from €9,223 to €8,051
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 | €87,547 | €106,246 | +€18,699 | +21.4% |
| Fixed assets | 21/28 | €6,840 | €9,671 | +€2,830 | +41.4% |
| Tangible fixed assets | 22/27 | €6,840 | €9,671 | +€2,830 | +41.4% |
| Plant, machinery and equipment | 23 | €5,833 | €4,402 | -€1,431 | -24.5% |
| Furniture and vehicles | 24 | €1,007 | €752 | -€255 | -25.3% |
| Other tangible fixed assets | 26 | - | €4,516 | +€4,516 | |
| Current assets | 29/58 | €80,707 | €96,575 | +€15,868 | +19.7% |
| Amounts receivable within one year | 40/41 | €15,464 | €12,153 | -€3,311 | -21.4% |
| Trade receivables | 40 | €15,464 | €12,153 | -€3,311 | -21.4% |
| Cash at bank and in hand | 54/58 | €65,243 | €84,422 | +€19,179 | +29.4% |
| Total equity and liabilities | 10/49 | €87,547 | €106,246 | +€18,699 | +21.4% |
| Equity | 10/15 | €64,345 | €90,388 | +€26,044 | +40.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €61,345 | €87,388 | +€26,044 | +42.5% |
| Distributable reserves | 133 | €61,345 | €87,388 | +€26,044 | +42.5% |
| Amounts payable | 17/49 | €23,203 | €15,858 | -€7,345 | -31.7% |
| Amounts payable within one year | 42/48 | €23,203 | €15,858 | -€7,345 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €5,272 | €5,299 | +€28 | +0.5% |
| Trade debts | 44 | €1,284 | €348 | -€936 | -72.9% |
| Suppliers | 440/4 | €1,284 | €348 | -€936 | -72.9% |
| Taxes, remuneration and social security | 45 | €9,698 | €9,833 | +€135 | +1.4% |
| Taxes | 450/3 | €9,698 | €7,311 | -€2,387 | -24.6% |
| Remuneration and social security | 454/9 | - | €2,522 | +€2,522 | |
| Other amounts payable | 47/48 | €6,950 | €378 | -€6,572 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,507 | €1,963 | +€456 | +30.3% |
| Other operating charges | 640/8 | €253 | €575 | +€323 | +128% |
| Gross operating margin | 9900 | €46,414 | €38,020 | -€8,394 | -18.1% |
| Operating profit (loss) | 9901 | €44,654 | €35,482 | -€9,172 | -20.5% |
| Financial income | 75/76B | €4 | €5 | +€2 | +42.9% |
| Recurring financial income | 75 | €4 | €5 | +€2 | +42.9% |
| Financial charges | 65/66B | €1,330 | €1,392 | +€63 | +4.7% |
| Recurring financial charges | 65 | €1,330 | €1,392 | +€63 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €43,328 | €34,094 | -€9,233 | -21.3% |
| Income taxes | 67/77 | €9,223 | €8,051 | -€1,172 | -12.7% |
| Profit (loss) for the period | 9904 | €34,105 | €26,044 | -€8,061 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,105 | €26,044 | -€8,061 | -23.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.