LiVE: 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.
LiVE
Largest movements
- Cash -€69,815
down €69,815 (-86.1%), from €81,081 to €11,266
mainly Contributions, distributions and other (-€62,500) and Net result for the year (-€22,381)
- Tangible fixed assets -€9,741
down €9,741 (-81.4%), from €11,974 to €2,233
of which Furniture and vehicles: -€8,523
- Receivables within one year +€6,802
up €6,802 (+18.4%), from €37,003 to €43,805
of which Trade receivables: +€6,045
- Stocks and contracts -€5,006
down €5,006 (-45.4%), from €11,023 to €6,016
- Deferred charges and accrued income -€1,505
down €1,505 (-70.5%), from €2,135 to €630
- Reserves -€62,500
down €62,500 (-38.8%), from €161,010 to €98,510
of which Distributable reserves: -€60,640
- Profit (loss) carried forward -€22,381
down €22,381 (-39.0%), from -€57,347 to -€79,728
- Trade debts +€14,841
up €14,841 (+84.3%), from €17,597 to €32,439
- Current portion of long-term debt -€4,234
down €4,234 (-58.0%), from €7,306 to €3,072
- Tax, wage and social debts -€3,635
down €3,635 (-90.9%), from €3,998 to €363
of which Taxes: -€3,635
- Staff costs +€5,507
up €5,507 (+910.4%), from €605 to €6,112
- Depreciation -€3,593
down €3,593 (-31.4%), from €11,453 to €7,859
- Gross operating margin -€2,560
down €2,560 (-51.5%), from -€4,970 to -€7,529
- Financial income +€772
up €772 (+165.6%), from €466 to €1,239
- Other operating charges +€448
up €448 (+31.3%), from €1,431 to €1,879
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 | €143,265 | €63,949 | -€79,315 | -55.4% |
| Fixed assets | 21/28 | €12,024 | €2,233 | -€9,791 | -81.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €11,974 | €2,233 | -€9,741 | -81.4% |
| Land and buildings | 22 | €1,148 | €0 | -€1,148 | -100.0% |
| Plant, machinery and equipment | 23 | €70 | €0 | -€70 | -100.0% |
| Furniture and vehicles | 24 | €10,756 | €2,233 | -€8,523 | -79.2% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100.0% |
| Current assets | 29/58 | €131,241 | €61,717 | -€69,524 | -53.0% |
| Stocks and contracts in progress | 3 | €11,023 | €6,016 | -€5,006 | -45.4% |
| Stocks | 30/36 | €11,023 | €6,016 | -€5,006 | -45.4% |
| Amounts receivable within one year | 40/41 | €37,003 | €43,805 | +€6,802 | +18.4% |
| Trade receivables | 40 | €32,766 | €38,811 | +€6,045 | +18.4% |
| Other amounts receivable | 41 | €4,237 | €4,994 | +€757 | +17.9% |
| Cash at bank and in hand | 54/58 | €81,081 | €11,266 | -€69,815 | -86.1% |
| Deferred charges and accrued income | 490/1 | €2,135 | €630 | -€1,505 | -70.5% |
| Total equity and liabilities | 10/49 | €143,265 | €63,949 | -€79,315 | -55.4% |
| Equity | 10/15 | €109,863 | €24,982 | -€84,881 | -77.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €161,010 | €98,510 | -€62,500 | -38.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €159,150 | €98,510 | -€60,640 | -38.1% |
| Profit (loss) carried forward | 14 | -€57,347 | -€79,728 | -€22,381 | -39.0% |
| Amounts payable | 17/49 | €33,401 | €38,967 | +€5,566 | +16.7% |
| Amounts payable after more than one year | 17 | €3,072 | €0 | -€3,072 | -100.0% |
| Financial debts | 170/4 | €3,072 | €0 | -€3,072 | -100.0% |
| Amounts payable within one year | 42/48 | €29,047 | €38,967 | +€9,921 | +34.2% |
| Current portion of amounts payable after more than one year | 42 | €7,306 | €3,072 | -€4,234 | -58.0% |
| Trade debts | 44 | €17,597 | €32,439 | +€14,841 | +84.3% |
| Suppliers | 440/4 | €17,597 | €32,439 | +€14,841 | +84.3% |
| Taxes, remuneration and social security | 45 | €3,998 | €363 | -€3,635 | -90.9% |
| Taxes | 450/3 | €3,998 | €363 | -€3,635 | -90.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €146 | €3,094 | +€2,948 | +2021.3% |
| Accrued charges and deferred income | 492/3 | €1,283 | €0 | -€1,283 | -100.0% |
| Remuneration, social security and pensions | 62 | €605 | €6,112 | +€5,507 | +910.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,453 | €7,859 | -€3,593 | -31.4% |
| Other operating charges | 640/8 | €1,431 | €1,879 | +€448 | +31.3% |
| Gross operating margin | 9900 | -€4,970 | -€7,529 | -€2,560 | -51.5% |
| Operating profit (loss) | 9901 | -€18,458 | -€23,379 | -€4,921 | -26.7% |
| Financial income | 75/76B | €466 | €1,239 | +€772 | +165.6% |
| Recurring financial income | 75 | €466 | €1,239 | +€772 | +165.6% |
| Financial charges | 65/66B | €329 | €241 | -€88 | -26.8% |
| Recurring financial charges | 65 | €329 | €241 | -€88 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,321 | -€22,381 | -€4,061 | -22.2% |
| Income taxes | 67/77 | €317 | €0 | -€317 | -100.0% |
| Profit (loss) for the period | 9904 | -€18,638 | -€22,381 | -€3,743 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,638 | -€22,381 | -€3,743 | -20.1% |
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.