Livalos: 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.
Livalos
Largest movements
- Intangible fixed assets -€95,929
down €95,929 (-27.3%), from €351,899 to €255,970
- Receivables within one year +€68,342
up €68,342 (+186.4%), from €36,674 to €105,016
of which Trade receivables: +€72,022
- Cash -€7,644
down €7,644 (-33.3%), from €22,949 to €15,305
mainly Receivables within one year (-€68,342) and Debts after one year (-€47,134)
- Deferred charges and accrued income -€4,434
down €4,434 (-95.9%), from €4,625 to €191
- Profit (loss) carried forward +€65,929
up €65,929 (+73.2%), from -€90,111 to -€24,182
- Debts after one year -€47,134
down €47,134 (-54.1%), from €87,163 to €40,029
- Other debts -€41,464
down €41,464 (-17.2%), from €241,165 to €199,701
- Trade debts +€16,576
up €16,576 (+167.5%), from €9,894 to €26,470
- Accrued charges and deferred income -€15,768
down €15,768 (-86.3%), from €18,268 to €2,500
- Write-downs -€27,244
down €27,244 (-100.0%), from €27,244 to €0
- Depreciation -€21,003
down €21,003 (-18.0%), from €116,984 to €95,980
- Taxes +€20,656
new in 2025: €20,656
- Gross operating margin +€11,270
up €11,270 (+6.3%), from €179,103 to €190,373
- Financial charges +€3,417
up €3,417 (+120.8%), from €2,828 to €6,245
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 | €416,199 | €378,473 | -€37,727 | -9.1% |
| Fixed assets | 21/28 | €351,951 | €257,960 | -€93,990 | -26.7% |
| Intangible fixed assets | 21 | €351,899 | €255,970 | -€95,929 | -27.3% |
| Tangible fixed assets | 22/27 | €52 | €0 | -€52 | -100.0% |
| Furniture and vehicles | 24 | €52 | €0 | -€52 | -100.0% |
| Financial fixed assets | 28 | - | €1,990 | +€1,990 | |
| Current assets | 29/58 | €64,248 | €120,512 | +€56,264 | +87.6% |
| Amounts receivable within one year | 40/41 | €36,674 | €105,016 | +€68,342 | +186.4% |
| Trade receivables | 40 | €21,509 | €93,531 | +€72,022 | +334.9% |
| Other amounts receivable | 41 | €15,165 | €11,485 | -€3,680 | -24.3% |
| Cash at bank and in hand | 54/58 | €22,949 | €15,305 | -€7,644 | -33.3% |
| Deferred charges and accrued income | 490/1 | €4,625 | €191 | -€4,434 | -95.9% |
| Total equity and liabilities | 10/49 | €416,199 | €378,473 | -€37,727 | -9.1% |
| Equity | 10/15 | €11,506 | €77,435 | +€65,929 | +573.0% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €33,017 | €33,017 | = | 0.0% |
| Non-distributable reserves | 130/1 | €95 | €95 | = | 0.0% |
| Reserves not available under the articles | 1311 | €95 | €95 | = | 0.0% |
| Distributable reserves | 133 | €32,922 | €32,922 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,111 | -€24,182 | +€65,929 | +73.2% |
| Amounts payable | 17/49 | €404,693 | €301,038 | -€103,656 | -25.6% |
| Amounts payable after more than one year | 17 | €87,163 | €40,029 | -€47,134 | -54.1% |
| Financial debts | 170/4 | €87,163 | €40,029 | -€47,134 | -54.1% |
| Amounts payable within one year | 42/48 | €299,262 | €258,509 | -€40,753 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €33,731 | €19,490 | -€14,241 | -42.2% |
| Financial debts | 43 | €168 | €0 | -€168 | -100.0% |
| Credit institutions | 430/8 | €168 | €0 | -€168 | -100.0% |
| Trade debts | 44 | €9,894 | €26,470 | +€16,576 | +167.5% |
| Suppliers | 440/4 | €9,894 | €26,470 | +€16,576 | +167.5% |
| Advances received on contracts in progress | 46 | €508 | €4,228 | +€3,720 | +732.0% |
| Taxes, remuneration and social security | 45 | €13,797 | €8,620 | -€5,177 | -37.5% |
| Taxes | 450/3 | €13,797 | €8,620 | -€5,177 | -37.5% |
| Other amounts payable | 47/48 | €241,165 | €199,701 | -€41,464 | -17.2% |
| Accrued charges and deferred income | 492/3 | €18,268 | €2,500 | -€15,768 | -86.3% |
| Non-recurring operating income | 76A | €29,645 | €19,858 | -€9,787 | -33.0% |
| Remuneration, social security and pensions | 62 | €1 | €0 | -€1 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,984 | €95,980 | -€21,003 | -18.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,244 | €0 | -€27,244 | -100.0% |
| Other operating charges | 640/8 | €676 | €1,559 | +€883 | +130.6% |
| Non-recurring operating charges | 66A | €508 | €0 | -€508 | -100.0% |
| Gross operating margin | 9900 | €179,103 | €190,373 | +€11,270 | +6.3% |
| Operating profit (loss) | 9901 | €33,690 | €92,834 | +€59,144 | +175.6% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.0% |
| Financial charges | 65/66B | €2,828 | €6,245 | +€3,417 | +120.8% |
| Recurring financial charges | 65 | €2,828 | €6,245 | +€3,417 | +120.8% |
| Profit (loss) for the period before taxes | 9903 | €30,867 | €86,589 | +€55,722 | +180.5% |
| Income taxes | 67/77 | - | €20,656 | +€20,656 | |
| Profit (loss) for the period | 9904 | €30,867 | €65,933 | +€35,067 | +113.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,867 | €65,933 | +€35,067 | +113.6% |
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 8 October 2026 via checked.be.