LIVAC: 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.
LIVAC
Largest movements
- Current investments +€22,425
up €22,425 (+28.0%), from €80,000 to €102,425
- Cash -€18,406
no longer reported in 2025 (was €18,406)
mainly Current investments (-€22,425) and Other debts (-€8,757)
- Tangible fixed assets -€11,415
down €11,415 (-12.8%), from €89,406 to €77,991
of which Furniture and vehicles: -€6,799
- Receivables within one year +€6,894
up €6,894 (+14.2%), from €48,509 to €55,403
of which Other amounts receivable: +€12,709
- Reserves +€11,829
up €11,829 (+6.1%), from €192,419 to €204,248
of which Distributable reserves: +€11,829
- Other debts -€8,757
down €8,757 (-84.0%), from €10,423 to €1,666
- Gross operating margin -€43,520
down €43,520 (-56.0%), from €77,742 to €34,222
- Taxes -€13,311
down €13,311 (-61.4%), from €21,678 to €8,367
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 | €241,165 | €241,036 | -€129 | -0.1% |
| Fixed assets | 21/28 | €89,791 | €77,991 | -€11,800 | -13.1% |
| Tangible fixed assets | 22/27 | €89,406 | €77,991 | -€11,415 | -12.8% |
| Land and buildings | 22 | €64,733 | €61,058 | -€3,675 | -5.7% |
| Plant, machinery and equipment | 23 | €9,809 | €8,868 | -€941 | -9.6% |
| Furniture and vehicles | 24 | €14,864 | €8,065 | -€6,799 | -45.7% |
| Financial fixed assets | 28 | €385 | - | -€385 | |
| Current assets | 29/58 | €151,374 | €163,045 | +€11,671 | +7.7% |
| Amounts receivable within one year | 40/41 | €48,509 | €55,403 | +€6,894 | +14.2% |
| Trade receivables | 40 | €40,281 | €34,466 | -€5,815 | -14.4% |
| Other amounts receivable | 41 | €8,228 | €20,937 | +€12,709 | +154% |
| Current investments | 50/53 | €80,000 | €102,425 | +€22,425 | +28.0% |
| Cash at bank and in hand | 54/58 | €18,406 | - | -€18,406 | |
| Deferred charges and accrued income | 490/1 | €4,459 | €5,217 | +€758 | +17.0% |
| Total equity and liabilities | 10/49 | €241,165 | €241,036 | -€129 | -0.1% |
| Equity | 10/15 | €215,684 | €227,513 | +€11,829 | +5.5% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Revaluation surpluses | 12 | €2,953 | €2,953 | = | 0.0% |
| Reserves | 13 | €192,419 | €204,248 | +€11,829 | +6.1% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €190,544 | €202,373 | +€11,829 | +6.2% |
| Profit (loss) carried forward | 14 | €1,562 | €1,562 | = | 0.0% |
| Amounts payable | 17/49 | €25,481 | €13,523 | -€11,958 | -46.9% |
| Amounts payable within one year | 42/48 | €24,916 | €13,523 | -€11,393 | -45.7% |
| Trade debts | 44 | €2,792 | €2,244 | -€548 | -19.6% |
| Suppliers | 440/4 | €2,792 | €2,244 | -€548 | -19.6% |
| Taxes, remuneration and social security | 45 | €11,701 | €9,613 | -€2,088 | -17.8% |
| Taxes | 450/3 | €11,701 | €9,613 | -€2,088 | -17.8% |
| Other amounts payable | 47/48 | €10,423 | €1,666 | -€8,757 | -84.0% |
| Accrued charges and deferred income | 492/3 | €565 | - | -€565 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,911 | €11,415 | -€496 | -4.2% |
| Other operating charges | 640/8 | €2,246 | €2,249 | +€3 | +0.1% |
| Gross operating margin | 9900 | €77,742 | €34,222 | -€43,520 | -56.0% |
| Operating profit (loss) | 9901 | €63,585 | €20,558 | -€43,027 | -67.7% |
| Financial income | 75/76B | €1,192 | €1,375 | +€183 | +15.4% |
| Recurring financial income | 75 | €1,192 | €1,375 | +€183 | +15.4% |
| Financial charges | 65/66B | €807 | €72 | -€735 | -91.1% |
| Recurring financial charges | 65 | €807 | €72 | -€735 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | €63,970 | €21,861 | -€42,109 | -65.8% |
| Income taxes | 67/77 | €21,678 | €8,367 | -€13,311 | -61.4% |
| Profit (loss) for the period | 9904 | €42,292 | €13,494 | -€28,798 | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,292 | €13,494 | -€28,798 | -68.1% |
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 15 October 2026 via checked.be.