LIVAN INFRASTRUCTURE: 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.
What changed
LIVAN INFRASTRUCTURE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€813,714
2024 · €412,083+€401,631
Equity
€4.7m
2024 · €3.9m+€813,714
Cash
€1.1m
2024 · €2.5m-€1.4m
Balance sheet total
€83.0m
2024 · €87.9m-€4.8m
Largest movements
Assets
- Receivables after one year -€2.6m
down €2.6m (-3.6%), from €73.6m to €70.9m
- Cash -€1.4m
down €1.4m (-55.9%), from €2.5m to €1.1m
mainly Debts after one year (-€3.5m) and Other debts (-€1.1m)
Equity and liabilities
- Debts after one year -€3.5m
down €3.5m (-4.6%), from €75.8m to €72.3m
- Other debts -€1.1m
down €1.1m (-77.8%), from €1.4m to €300,000
Income statement
- Goods and materials -€625,756
down €625,756 (-19.4%), from €3.2m to €2.6m
- Financial income -€286,969
down €286,969 (-6.3%), from €4.6m to €4.3m
- Financial charges -€283,100
down €283,100 (-8.2%), from €3.4m to €3.2m
- Taxes +€133,886
up €133,886 (+97.4%), from €137,397 to €271,283
- Turnover -€120,500
down €120,500 (-4.0%), from €3.0m to €2.9m
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.
Result 2024
€412,083
Turnover
-€120,500
Goods and materials
+€625,756
Services and other goods
+€33,805
Other operating charges
+€324
Financial income
-€286,969
Financial charges
+€283,100
Taxes
-€133,886
Result 2025
€813,714
raises the resultlowers the result
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.
From operations
+€2.7m
Investment
€0
Financing
-€4.1m
Cash 2024
€2.5m
From operations (derived)
+€2.7m
Net result for the year
+€813,714
Receivables after one year
+€2.6m
Receivables within one year
+€23,925
Deferred charges and accrued income
+€773,645
Trade debts
-€610,306
Tax, wage and social debts
+€5,333
Other debts
-€1.1m
Accrued charges and deferred income
+€153,755
Financing
-€4.1m
Debts after one year
-€3.5m
Current portion of long-term debt
-€625,500
Short-term financial debts
+€52
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,869,983 | €83,032,941 | -€4.8m | -5.5% |
| Current assets | 29/58 | €87,869,983 | €83,032,941 | -€4.8m | -5.5% |
| Amounts receivable after more than one year | 29 | €73,552,169 | €70,920,990 | -€2.6m | -3.6% |
| Trade receivables | 290 | €73,552,169 | €70,920,990 | -€2.6m | -3.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,058,888 | €5,034,963 | -€23,925 | -0.5% |
| Trade receivables | 40 | €4,867,201 | €5,034,963 | +€167,762 | +3.4% |
| Other amounts receivable | 41 | €191,687 | €0 | -€191,687 | -100% |
| Cash at bank and in hand | 54/58 | €2,521,136 | €1,112,842 | -€1.4m | -55.9% |
| Deferred charges and accrued income | 490/1 | €6,737,790 | €5,964,145 | -€773,645 | -11.5% |
| Total equity and liabilities | 10/49 | €87,869,983 | €83,032,941 | -€4.8m | -5.5% |
| Equity | 10/15 | €3,906,893 | €4,720,607 | +€813,714 | +20.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €3,845,393 | €4,659,107 | +€813,714 | +21.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €3,839,243 | €4,652,957 | +€813,714 | +21.2% |
| Amounts payable | 17/49 | €83,963,090 | €78,312,333 | -€5.7m | -6.7% |
| Amounts payable after more than one year | 17 | €75,830,793 | €72,306,702 | -€3.5m | -4.6% |
| Financial debts | 170/4 | €75,830,793 | €72,306,702 | -€3.5m | -4.6% |
| Subordinated loans | 170 | €11,334,337 | €11,334,337 | = | 0.0% |
| Credit institutions | 173 | €64,496,456 | €60,972,365 | -€3.5m | -5.5% |
| Amounts payable within one year | 42/48 | €7,121,341 | €4,840,919 | -€2.3m | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €4,352,349 | €3,726,849 | -€625,500 | -14.4% |
| Financial debts | 43 | €3 | €54 | +€52 | +1,871% |
| Credit institutions | 430/8 | €3 | €54 | +€52 | +1,871% |
| Trade debts | 44 | €1,331,179 | €720,873 | -€610,306 | -45.8% |
| Suppliers | 440/4 | €1,331,179 | €720,873 | -€610,306 | -45.8% |
| Taxes, remuneration and social security | 45 | €87,810 | €93,143 | +€5,333 | +6.1% |
| Taxes | 450/3 | €87,810 | €93,143 | +€5,333 | +6.1% |
| Other amounts payable | 47/48 | €1,350,000 | €300,000 | -€1.1m | -77.8% |
| Accrued charges and deferred income | 492/3 | €1,010,956 | €1,164,712 | +€153,755 | +15.2% |
| Operating income | 70/76A | €3,040,914 | €2,920,414 | -€120,500 | -4.0% |
| Turnover | 70 | €3,040,914 | €2,920,414 | -€120,500 | -4.0% |
| Operating charges | 60/66A | €3,626,242 | €2,966,356 | -€659,886 | -18.2% |
| Goods for resale, raw materials and consumables | 60 | €3,229,240 | €2,603,484 | -€625,756 | -19.4% |
| Purchases | 600/8 | €3,229,240 | €2,603,484 | -€625,756 | -19.4% |
| Services and other goods | 61 | €395,307 | €361,501 | -€33,805 | -8.6% |
| Other operating charges | 640/8 | €1,695 | €1,371 | -€324 | -19.1% |
| Operating profit (loss) | 9901 | -€585,328 | -€45,942 | +€539,386 | +92.2% |
| Financial income | 75/76B | €4,574,021 | €4,287,052 | -€286,969 | -6.3% |
| Recurring financial income | 75 | €4,574,021 | €4,287,052 | -€286,969 | -6.3% |
| Income from financial fixed assets | 750 | €161,491 | €0 | -€161,491 | -100% |
| Income from current assets | 751 | €4,412,530 | €4,287,052 | -€125,478 | -2.8% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €3,439,213 | €3,156,113 | -€283,100 | -8.2% |
| Recurring financial charges | 65 | €3,439,213 | €3,156,113 | -€283,100 | -8.2% |
| Debt charges | 650 | €2,566,405 | €2,318,357 | -€248,048 | -9.7% |
| Other financial charges | 652/9 | €872,807 | €837,755 | -€35,052 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €549,481 | €1,084,997 | +€535,517 | +97.5% |
| Income taxes | 67/77 | €137,397 | €271,283 | +€133,886 | +97.4% |
| Taxes | 670/3 | €137,397 | €271,283 | +€133,886 | +97.4% |
| Profit (loss) for the period | 9904 | €412,083 | €813,714 | +€401,631 | +97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €412,083 | €813,714 | +€401,631 | +97.5% |
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 16 October 2026 via checked.be.