LIVAN: 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.
LIVAN
Largest movements
- Deferred charges and accrued income -€509,740
down €509,740 (-78.1%), from €652,710 to €142,970
- Tangible fixed assets -€302,217
down €302,217 (-5.0%), from €6.1m to €5.8m
of which Land and buildings: -€438,477
- Stocks and contracts -€143,200
down €143,200 (-100%), from €143,200 to €0
- Receivables within one year +€90,470
up €90,470 (+360%), from €25,163 to €115,632
of which Other amounts receivable: +€84,198
- Debts after one year -€461,261
down €461,261 (-8.6%), from €5.3m to €4.9m
- Other debts -€278,014
down €278,014 (-59.8%), from €464,734 to €186,720
- Accrued charges and deferred income -€166,313
down €166,313 (-88.3%), from €188,254 to €21,941
- Trade debts +€122,120
up €122,120 (+278%), from €43,993 to €166,113
- Gross operating margin -€77,395
down €77,395 (-11.0%), from €703,444 to €626,049
- Financial charges +€72,883
up €72,883 (+79.4%), from €91,810 to €164,693
- Other operating charges -€7,392
down €7,392 (-10.9%), from €67,620 to €60,228
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 | €6,887,594 | €6,018,797 | -€868,796 | -12.6% |
| Fixed assets | 21/28 | €6,058,651 | €5,756,434 | -€302,217 | -5.0% |
| Tangible fixed assets | 22/27 | €6,058,651 | €5,756,434 | -€302,217 | -5.0% |
| Land and buildings | 22 | €6,058,651 | €5,620,174 | -€438,477 | -7.2% |
| Furniture and vehicles | 24 | - | €136,260 | +€136,260 | |
| Current assets | 29/58 | €828,943 | €262,363 | -€566,579 | -68.3% |
| Stocks and contracts in progress | 3 | €143,200 | €0 | -€143,200 | -100% |
| Stocks | 30/36 | €143,200 | €0 | -€143,200 | -100% |
| Amounts receivable within one year | 40/41 | €25,163 | €115,632 | +€90,470 | +360% |
| Trade receivables | 40 | €1,978 | €8,249 | +€6,272 | +317% |
| Other amounts receivable | 41 | €23,185 | €107,383 | +€84,198 | +363% |
| Cash at bank and in hand | 54/58 | €7,870 | €3,761 | -€4,109 | -52.2% |
| Deferred charges and accrued income | 490/1 | €652,710 | €142,970 | -€509,740 | -78.1% |
| Total equity and liabilities | 10/49 | €6,887,594 | €6,018,797 | -€868,796 | -12.6% |
| Equity | 10/15 | €317,734 | €225,635 | -€92,098 | -29.0% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | €77,734 | €22,641 | -€55,093 | -70.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €77,734 | €22,641 | -€55,093 | -70.9% |
| Profit (loss) carried forward | 14 | €0 | -€37,005 | -€37,005 | |
| Amounts payable | 17/49 | €6,569,860 | €5,793,162 | -€776,698 | -11.8% |
| Amounts payable after more than one year | 17 | €5,342,725 | €4,881,464 | -€461,261 | -8.6% |
| Financial debts | 170/4 | €5,342,725 | €4,881,464 | -€461,261 | -8.6% |
| Amounts payable within one year | 42/48 | €1,038,881 | €889,757 | -€149,124 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €526,259 | €532,339 | +€6,080 | +1.2% |
| Trade debts | 44 | €43,993 | €166,113 | +€122,120 | +278% |
| Suppliers | 440/4 | €43,993 | €166,113 | +€122,120 | +278% |
| Taxes, remuneration and social security | 45 | €3,895 | €4,585 | +€690 | +17.7% |
| Taxes | 450/3 | €3,895 | €4,585 | +€690 | +17.7% |
| Other amounts payable | 47/48 | €464,734 | €186,720 | -€278,014 | -59.8% |
| Accrued charges and deferred income | 492/3 | €188,254 | €21,941 | -€166,313 | -88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €489,539 | €493,225 | +€3,686 | +0.8% |
| Other operating charges | 640/8 | €67,620 | €60,228 | -€7,392 | -10.9% |
| Non-recurring operating charges | 66A | €22,545 | €0 | -€22,545 | -100% |
| Gross operating margin | 9900 | €703,444 | €626,049 | -€77,395 | -11.0% |
| Operating profit (loss) | 9901 | €123,739 | €72,595 | -€51,144 | -41.3% |
| Financial income | 75/76B | €314 | €0 | -€314 | -100% |
| Recurring financial income | 75 | €314 | €0 | -€314 | -100% |
| Financial charges | 65/66B | €91,810 | €164,693 | +€72,883 | +79.4% |
| Recurring financial charges | 65 | €91,810 | €164,693 | +€72,883 | +79.4% |
| Profit (loss) for the period before taxes | 9903 | €32,243 | -€92,098 | -€124,341 | |
| Profit (loss) for the period | 9904 | €32,243 | -€92,098 | -€124,341 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,243 | -€92,098 | -€124,341 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.