LIVACO: 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.
What changed
LIVACO
NACE 01.461, Pig breeding farms
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€207,044
2024 · €200,875+€6,168
Equity
€897,527
2024 · €695,254+€202,273
Cash
€39,601
2024 · €27,927+€11,675
Balance sheet total
€1.3m
2024 · €1.3m-€39,226
Largest movements
Assets
- Receivables within one year -€115,023
down €115,023 (-42.1%), from €272,930 to €157,906
of which Other amounts receivable: -€108,705
- Tangible fixed assets +€63,841
up €63,841 (+9.2%), from €697,194 to €761,035
of which Plant, machinery and equipment: +€100,499
Equity and liabilities
- Reserves +€205,765
up €205,765 (+47.4%), from €434,496 to €640,261
of which Distributable reserves: +€205,765
- Tax, wage and social debts -€88,171
down €88,171 (-92.1%), from €95,737 to €7,566
- Trade debts -€85,631
down €85,631 (-49.5%), from €172,837 to €87,206
- Debts after one year -€66,000
down €66,000 (-25.0%), from €264,000 to €198,000
Income statement
- Turnover -€1.5m
no longer reported in 2025 (was €1.5m)
- Purchases and services -€1.2m
no longer reported in 2025 (was €1.2m)
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.
Result 2024
€200,875
Gross operating margin
+€13,721
Depreciation
-€3,448
Other operating charges
+€2,204
Financial income
-€2,554
Financial charges
-€9,640
Taxes
+€5,885
Result 2025
€207,044
raises the resultlowers the result
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.
From operations
+€246,176
Investment
-€163,731
Financing
-€70,770
Cash 2024
€27,927
From operations (derived)
+€246,176
Net result for the year
+€207,044
Depreciation
+€99,890
Receivables within one year
+€115,023
Deferred charges and accrued income
-€281
Trade debts
-€85,631
Tax, wage and social debts
-€88,171
Other debts
-€1,698
Investment (derived)
-€163,731
Investment in fixed assets (net)
-€163,731
Financing
-€70,770
Debts after one year
-€66,000
Contributions, distributions and other
-€4,770
Cash 2025
€39,601
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,295,526 | €1,256,300 | -€39,226 | -3.0% |
| Fixed assets | 21/28 | €698,694 | €762,535 | +€63,841 | +9.1% |
| Tangible fixed assets | 22/27 | €697,194 | €761,035 | +€63,841 | +9.2% |
| Land and buildings | 22 | €556,484 | €497,158 | -€59,326 | -10.7% |
| Plant, machinery and equipment | 23 | €48,004 | €148,502 | +€100,499 | +209% |
| Furniture and vehicles | 24 | €92,707 | €115,375 | +€22,668 | +24.5% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €596,832 | €493,764 | -€103,067 | -17.3% |
| Stocks and contracts in progress | 3 | €293,700 | €293,700 | = | 0.0% |
| Stocks | 30/36 | €293,700 | €293,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €272,930 | €157,906 | -€115,023 | -42.1% |
| Trade receivables | 40 | €6,318 | €0 | -€6,318 | -100% |
| Other amounts receivable | 41 | €266,611 | €157,906 | -€108,705 | -40.8% |
| Cash at bank and in hand | 54/58 | €27,927 | €39,601 | +€11,675 | +41.8% |
| Deferred charges and accrued income | 490/1 | €2,275 | €2,557 | +€281 | +12.4% |
| Total equity and liabilities | 10/49 | €1,295,526 | €1,256,300 | -€39,226 | -3.0% |
| Equity | 10/15 | €695,254 | €897,527 | +€202,273 | +29.1% |
| Contributions | 10/11 | €218,592 | €218,592 | = | 0.0% |
| Capital | 10 | €218,592 | - | -€218,592 | |
| Issued capital | 100 | €218,592 | - | -€218,592 | |
| Reserves | 13 | €434,496 | €640,261 | +€205,765 | +47.4% |
| Non-distributable reserves | 130/1 | €13,250 | €13,250 | = | 0.0% |
| Legal reserve | 130 | €13,250 | - | -€13,250 | |
| Reserves not available under the articles | 1311 | - | €13,250 | +€13,250 | |
| Distributable reserves | 133 | €421,246 | €627,011 | +€205,765 | +48.8% |
| Profit (loss) carried forward | 14 | -€1,278 | €0 | +€1,278 | |
| Investment grants | 15 | €43,445 | €38,674 | -€4,770 | -11.0% |
| Amounts payable | 17/49 | €600,272 | €358,772 | -€241,500 | -40.2% |
| Amounts payable after more than one year | 17 | €264,000 | €198,000 | -€66,000 | -25.0% |
| Financial debts | 170/4 | €264,000 | €198,000 | -€66,000 | -25.0% |
| Amounts payable within one year | 42/48 | €336,272 | €160,772 | -€175,500 | -52.2% |
| Current portion of amounts payable after more than one year | 42 | €66,000 | €66,000 | = | 0.0% |
| Trade debts | 44 | €172,837 | €87,206 | -€85,631 | -49.5% |
| Suppliers | 440/4 | €172,837 | €87,206 | -€85,631 | -49.5% |
| Taxes, remuneration and social security | 45 | €95,737 | €7,566 | -€88,171 | -92.1% |
| Taxes | 450/3 | €95,737 | €7,566 | -€88,171 | -92.1% |
| Other amounts payable | 47/48 | €1,698 | €0 | -€1,698 | -100% |
| Turnover | 70 | €1,540,402 | - | -€1.5m | |
| Non-recurring operating income | 76A | €8,530 | €3,500 | -€5,030 | -59.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,160,831 | - | -€1.2m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,442 | €99,890 | +€3,448 | +3.6% |
| Other operating charges | 640/8 | €3,506 | €1,302 | -€2,204 | -62.9% |
| Gross operating margin | 9900 | €389,171 | €402,892 | +€13,721 | +3.5% |
| Operating profit (loss) | 9901 | €289,223 | €301,700 | +€12,477 | +4.3% |
| Financial income | 75/76B | €7,324 | €4,770 | -€2,554 | -34.9% |
| Recurring financial income | 75 | €7,324 | €4,770 | -€2,554 | -34.9% |
| Financial charges | 65/66B | €8,935 | €18,574 | +€9,640 | +108% |
| Recurring financial charges | 65 | €8,935 | €7,897 | -€1,038 | -11.6% |
| Non-recurring financial charges | 66B | - | €10,677 | +€10,677 | |
| Profit (loss) for the period before taxes | 9903 | €287,613 | €287,896 | +€283 | +0.1% |
| Income taxes | 67/77 | €86,737 | €80,852 | -€5,885 | -6.8% |
| Profit (loss) for the period | 9904 | €200,875 | €207,044 | +€6,168 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €200,875 | €207,044 | +€6,168 | +3.1% |
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 21 October 2026 via checked.be.