LIVAG: 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.
LIVAG
Largest movements
- Cash +€95,378
up €95,378 (+194%), from €49,103 to €144,481
mainly Receivables within one year (+€82,843) and Other debts (+€66,568)
- Receivables within one year -€82,843
down €82,843 (-94.7%), from €87,518 to €4,675
of which Trade receivables: -€75,625
- Deferred charges and accrued income +€13,608
up €13,608 (+568%), from €2,394 to €16,001
- Other debts +€66,568
up €66,568 (+113%), from €59,005 to €125,573
- Reserves -€25,129
down €25,129 (-27.6%), from €91,107 to €65,979
- Tax, wage and social debts -€12,384
down €12,384 (-78.6%), from €15,752 to €3,367
- Trade debts -€4,517
down €4,517 (-69.9%), from €6,466 to €1,948
- Gross operating margin +€58,030
up €58,030 (+858%), from €6,767 to €64,797
- Taxes +€11,052
up €11,052 (+399%), from €2,773 to €13,825
- Financial charges +€1,382
up €1,382 (+53.6%), from €2,579 to €3,962
- Depreciation +€1,116
up €1,116 (+62.3%), from €1,790 to €2,906
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 | €195,654 | €223,023 | +€27,369 | +14.0% |
| Fixed assets | 21/28 | €56,639 | €57,865 | +€1,226 | +2.2% |
| Tangible fixed assets | 22/27 | €6,543 | €7,769 | +€1,226 | +18.7% |
| Plant, machinery and equipment | 23 | €279 | €93 | -€186 | -66.8% |
| Furniture and vehicles | 24 | €6,264 | €7,677 | +€1,412 | +22.5% |
| Financial fixed assets | 28 | €50,096 | €50,096 | = | 0.0% |
| Current assets | 29/58 | €139,014 | €165,157 | +€26,143 | +18.8% |
| Amounts receivable within one year | 40/41 | €87,518 | €4,675 | -€82,843 | -94.7% |
| Trade receivables | 40 | €75,625 | €0 | -€75,625 | -100% |
| Other amounts receivable | 41 | €11,893 | €4,675 | -€7,218 | -60.7% |
| Cash at bank and in hand | 54/58 | €49,103 | €144,481 | +€95,378 | +194% |
| Deferred charges and accrued income | 490/1 | €2,394 | €16,001 | +€13,608 | +568% |
| Total equity and liabilities | 10/49 | €195,654 | €223,023 | +€27,369 | +14.0% |
| Equity | 10/15 | €114,175 | €90,979 | -€23,196 | -20.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €91,107 | €65,979 | -€25,129 | -27.6% |
| Distributable reserves | 133 | €91,107 | €65,979 | -€25,129 | -27.6% |
| Profit (loss) carried forward | 14 | -€1,933 | €0 | +€1,933 | |
| Amounts payable | 17/49 | €81,479 | €132,044 | +€50,565 | +62.1% |
| Amounts payable within one year | 42/48 | €81,223 | €130,888 | +€49,666 | +61.1% |
| Trade debts | 44 | €6,466 | €1,948 | -€4,517 | -69.9% |
| Suppliers | 440/4 | €6,466 | €1,948 | -€4,517 | -69.9% |
| Taxes, remuneration and social security | 45 | €15,752 | €3,367 | -€12,384 | -78.6% |
| Taxes | 450/3 | €15,752 | €3,367 | -€12,384 | -78.6% |
| Other amounts payable | 47/48 | €59,005 | €125,573 | +€66,568 | +113% |
| Accrued charges and deferred income | 492/3 | €256 | €1,156 | +€899 | +351% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,790 | €2,906 | +€1,116 | +62.3% |
| Other operating charges | 640/8 | €1,557 | €1,212 | -€345 | -22.2% |
| Gross operating margin | 9900 | €6,767 | €64,797 | +€58,030 | +858% |
| Operating profit (loss) | 9901 | €3,420 | €60,679 | +€57,260 | +1,674% |
| Financial income | 75/76B | €0 | €19 | +€19 | |
| Recurring financial income | 75 | €0 | €19 | +€19 | |
| Financial charges | 65/66B | €2,579 | €3,962 | +€1,382 | +53.6% |
| Recurring financial charges | 65 | €2,579 | €3,962 | +€1,382 | +53.6% |
| Profit (loss) for the period before taxes | 9903 | €840 | €56,737 | +€55,896 | +6,651% |
| Income taxes | 67/77 | €2,773 | €13,825 | +€11,052 | +399% |
| Profit (loss) for the period | 9904 | -€1,933 | €42,912 | +€44,844 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,933 | €42,912 | +€44,844 |
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 18 October 2026 via checked.be.