LIVAS: 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.
LIVAS
Largest movements
- Cash +€56,337
up €56,337 (+63.3%), from €88,979 to €145,316
mainly Net result for the year (+€57,329) and Trade debts (+€1,485)
- Deferred charges and accrued income +€2,095
up €2,095 (+164.5%), from €1,273 to €3,368
- Reserves +€57,329
up €57,329 (+62.2%), from €92,194 to €149,523
- Gross operating margin -€15,534
down €15,534 (-17.6%), from €88,190 to €72,655
- Taxes -€3,301
down €3,301 (-18.3%), from €18,021 to €14,720
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 | €102,057 | €162,437 | +€60,380 | +59.2% |
| Fixed assets | 21/28 | - | €1,194 | +€1,194 | |
| Tangible fixed assets | 22/27 | - | €1,194 | +€1,194 | |
| Plant, machinery and equipment | 23 | - | €1,194 | +€1,194 | |
| Current assets | 29/58 | €102,057 | €161,243 | +€59,186 | +58.0% |
| Amounts receivable within one year | 40/41 | €11,805 | €12,559 | +€755 | +6.4% |
| Trade receivables | 40 | €11,798 | €12,191 | +€393 | +3.3% |
| Other amounts receivable | 41 | €7 | €369 | +€361 | +5091.4% |
| Cash at bank and in hand | 54/58 | €88,979 | €145,316 | +€56,337 | +63.3% |
| Deferred charges and accrued income | 490/1 | €1,273 | €3,368 | +€2,095 | +164.5% |
| Total equity and liabilities | 10/49 | €102,057 | €162,437 | +€60,380 | +59.2% |
| Equity | 10/15 | €94,194 | €151,523 | +€57,329 | +60.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €92,194 | €149,523 | +€57,329 | +62.2% |
| Distributable reserves | 133 | €92,194 | €149,523 | +€57,329 | +62.2% |
| Amounts payable | 17/49 | €7,863 | €10,914 | +€3,051 | +38.8% |
| Amounts payable within one year | 42/48 | €7,863 | €10,914 | +€3,051 | +38.8% |
| Trade debts | 44 | €44 | €1,528 | +€1,485 | +3413.1% |
| Suppliers | 440/4 | €44 | €1,528 | +€1,485 | +3413.1% |
| Taxes, remuneration and social security | 45 | €7,597 | €8,858 | +€1,261 | +16.6% |
| Taxes | 450/3 | €7,597 | €7,208 | -€389 | -5.1% |
| Remuneration and social security | 454/9 | - | €1,650 | +€1,650 | |
| Other amounts payable | 47/48 | €223 | €528 | +€305 | +137.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €465 | +€465 | |
| Other operating charges | 640/8 | - | €160 | +€160 | |
| Gross operating margin | 9900 | €88,190 | €72,655 | -€15,534 | -17.6% |
| Operating profit (loss) | 9901 | €88,190 | €72,031 | -€16,159 | -18.3% |
| Financial income | 75/76B | €0 | €5 | +€5 | +26550.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +26550.0% |
| Financial charges | 65/66B | €78 | -€13 | -€91 | |
| Recurring financial charges | 65 | €78 | -€13 | -€91 | |
| Profit (loss) for the period before taxes | 9903 | €88,112 | €72,049 | -€16,063 | -18.2% |
| Income taxes | 67/77 | €18,021 | €14,720 | -€3,301 | -18.3% |
| Profit (loss) for the period | 9904 | €70,091 | €57,329 | -€12,762 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €70,091 | €57,329 | -€12,762 | -18.2% |
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 10 October 2026 via checked.be.