Livalex: what changed
Livalex
Largest movements
- Current investments -€85,200
down €85,200 (-93.8%), from €90,800 to €5,600
- Receivables within one year +€16,161
up €16,161 (+65.7%), from €24,603 to €40,764
of which Trade receivables: +€23,642
- Cash +€13,334
up €13,334 (+137%), from €9,740 to €23,074
mainly Current investments (+€85,200) and Other debts (+€55,973)
- Tangible fixed assets -€10,352
down €10,352 (-70.8%), from €14,611 to €4,260
of which Furniture and vehicles: -€10,179
- Intangible fixed assets +€3,160
new in 2025: €3,160
- Reserves -€117,320
no longer reported in 2025 (was €117,320)
- Other debts +€55,973
up €55,973 (+518%), from €10,800 to €66,773
- Current portion of long-term debt -€7,497
no longer reported in 2025 (was €7,497)
- Tax, wage and social debts +€6,399
up €6,399 (+185%), from €3,461 to €9,860
- Trade debts +€1,946
up €1,946 (+71.7%), from €2,716 to €4,662
- Gross operating margin -€13,550
down €13,550 (-19.3%), from €70,196 to €56,646
- Taxes +€939
up €939 (+8.7%), from €10,770 to €11,709
- Financial charges +€735
up €735 (+200%), from €367 to €1,103
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,294 | €83,795 | -€60,499 | -41.9% |
| Fixed assets | 21/28 | €16,111 | €8,920 | -€7,191 | -44.6% |
| Intangible fixed assets | 21 | - | €3,160 | +€3,160 | |
| Tangible fixed assets | 22/27 | €14,611 | €4,260 | -€10,352 | -70.8% |
| Land and buildings | 22 | €2,746 | €2,573 | -€172 | -6.3% |
| Furniture and vehicles | 24 | €11,865 | €1,686 | -€10,179 | -85.8% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €128,183 | €74,875 | -€53,308 | -41.6% |
| Amounts receivable within one year | 40/41 | €24,603 | €40,764 | +€16,161 | +65.7% |
| Trade receivables | 40 | €17,122 | €40,764 | +€23,642 | +138% |
| Other amounts receivable | 41 | €7,482 | - | -€7,482 | |
| Current investments | 50/53 | €90,800 | €5,600 | -€85,200 | -93.8% |
| Cash at bank and in hand | 54/58 | €9,740 | €23,074 | +€13,334 | +137% |
| Deferred charges and accrued income | 490/1 | €3,039 | €5,437 | +€2,398 | +78.9% |
| Total equity and liabilities | 10/49 | €144,294 | €83,795 | -€60,499 | -41.9% |
| Equity | 10/15 | €119,820 | €2,500 | -€117,320 | -97.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €117,320 | - | -€117,320 | |
| Distributable reserves | 133 | €117,320 | - | -€117,320 | |
| Amounts payable | 17/49 | €24,474 | €81,295 | +€56,821 | +232% |
| Amounts payable within one year | 42/48 | €24,474 | €81,295 | +€56,821 | +232% |
| Current portion of amounts payable after more than one year | 42 | €7,497 | - | -€7,497 | |
| Trade debts | 44 | €2,716 | €4,662 | +€1,946 | +71.7% |
| Suppliers | 440/4 | €2,716 | €4,662 | +€1,946 | +71.7% |
| Taxes, remuneration and social security | 45 | €3,461 | €9,860 | +€6,399 | +185% |
| Taxes | 450/3 | €3,461 | €9,860 | +€6,399 | +185% |
| Other amounts payable | 47/48 | €10,800 | €66,773 | +€55,973 | +518% |
| Remuneration, social security and pensions | 62 | €76 | €299 | +€223 | +293% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,833 | €11,491 | +€659 | +6.1% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €70,196 | €56,646 | -€13,550 | -19.3% |
| Operating profit (loss) | 9901 | €58,774 | €44,328 | -€14,446 | -24.6% |
| Financial income | 75/76B | €1,579 | €1,661 | +€82 | +5.2% |
| Recurring financial income | 75 | €1,579 | €1,661 | +€82 | +5.2% |
| Financial charges | 65/66B | €367 | €1,103 | +€735 | +200% |
| Recurring financial charges | 65 | €367 | €1,103 | +€735 | +200% |
| Profit (loss) for the period before taxes | 9903 | €59,986 | €44,886 | -€15,100 | -25.2% |
| Income taxes | 67/77 | €10,770 | €11,709 | +€939 | +8.7% |
| Profit (loss) for the period | 9904 | €49,217 | €33,177 | -€16,039 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,217 | €33,177 | -€16,039 | -32.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.