LIVADE: what changed
Two fiscal 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.
LIVADE
Largest movements
- Deferred charges and accrued income +€57,350
up €57,350 (+3446.2%), from €1,664 to €59,015
- Cash -€31,178
down €31,178 (-34.6%), from €90,189 to €59,011
mainly Contributions, distributions and other (-€79,574) and Deferred charges and accrued income (-€57,350)
- Receivables within one year -€30,487
down €30,487 (-70.0%), from €43,571 to €13,085
of which Other amounts receivable: -€29,701
- Tangible fixed assets -€15,535
down €15,535 (-27.9%), from €55,613 to €40,078
of which Furniture and vehicles: -€14,392
- Other debts -€45,841
down €45,841 (-29.3%), from €156,275 to €110,434
- Accrued charges and deferred income +€33,351
up €33,351 (+380.8%), from €8,757 to €42,108
- Tax, wage and social debts -€7,237
down €7,237 (-100.0%), from €7,237 to €0
of which Taxes: -€5,100
- Gross operating margin -€94,504
down €94,504 (-44.3%), from €213,273 to €118,769
- Taxes -€22,159
down €22,159 (-50.2%), from €44,153 to €21,995
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 | €191,038 | €171,189 | -€19,849 | -10.4% |
| Fixed assets | 21/28 | €55,613 | €40,078 | -€15,535 | -27.9% |
| Tangible fixed assets | 22/27 | €55,613 | €40,078 | -€15,535 | -27.9% |
| Plant, machinery and equipment | 23 | €2,731 | €1,588 | -€1,143 | -41.9% |
| Furniture and vehicles | 24 | €52,882 | €38,491 | -€14,392 | -27.2% |
| Current assets | 29/58 | €135,425 | €131,111 | -€4,314 | -3.2% |
| Amounts receivable within one year | 40/41 | €43,571 | €13,085 | -€30,487 | -70.0% |
| Trade receivables | 40 | €865 | €80 | -€786 | -90.8% |
| Other amounts receivable | 41 | €42,706 | €13,005 | -€29,701 | -69.5% |
| Cash at bank and in hand | 54/58 | €90,189 | €59,011 | -€31,178 | -34.6% |
| Deferred charges and accrued income | 490/1 | €1,664 | €59,015 | +€57,350 | +3446.2% |
| Total equity and liabilities | 10/49 | €191,038 | €171,189 | -€19,849 | -10.4% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €172,438 | €152,589 | -€19,849 | -11.5% |
| Amounts payable within one year | 42/48 | €163,681 | €110,481 | -€53,200 | -32.5% |
| Trade debts | 44 | €168 | €47 | -€121 | -72.1% |
| Suppliers | 440/4 | €168 | €47 | -€121 | -72.1% |
| Taxes, remuneration and social security | 45 | €7,237 | €0 | -€7,237 | -100.0% |
| Taxes | 450/3 | €5,100 | €0 | -€5,100 | -100.0% |
| Remuneration and social security | 454/9 | €2,138 | €0 | -€2,138 | -100.0% |
| Other amounts payable | 47/48 | €156,275 | €110,434 | -€45,841 | -29.3% |
| Accrued charges and deferred income | 492/3 | €8,757 | €42,108 | +€33,351 | +380.8% |
| Remuneration, social security and pensions | 62 | €1,180 | €827 | -€353 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,774 | €15,535 | -€1,239 | -7.4% |
| Other operating charges | 640/8 | €1,035 | €511 | -€524 | -50.7% |
| Gross operating margin | 9900 | €213,273 | €118,769 | -€94,504 | -44.3% |
| Operating profit (loss) | 9901 | €194,284 | €101,896 | -€92,388 | -47.6% |
| Financial income | 75/76B | €7 | €8 | +€1 | +12.2% |
| Recurring financial income | 75 | €7 | €8 | +€1 | +12.2% |
| Financial charges | 65/66B | €141 | €335 | +€195 | +138.5% |
| Recurring financial charges | 65 | €141 | €335 | +€195 | +138.5% |
| Profit (loss) for the period before taxes | 9903 | €194,150 | €101,569 | -€92,582 | -47.7% |
| Income taxes | 67/77 | €44,153 | €21,995 | -€22,159 | -50.2% |
| Profit (loss) for the period | 9904 | €149,997 | €79,574 | -€70,423 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €149,997 | €79,574 | -€70,423 | -46.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.