Live & Build: 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.
Live & Build
Largest movements
- Tangible fixed assets -€12,331
down €12,331 (-53.0%), from €23,288 to €10,956
of which Furniture and vehicles: -€10,939
- Receivables within one year -€8,360
down €8,360 (-44.6%), from €18,732 to €10,372
of which Trade receivables: -€9,112
- Stocks and contracts -€7,392
down €7,392 (-52.6%), from €14,054 to €6,662
- Cash +€3,480
up €3,480 (+185.9%), from €1,872 to €5,352
mainly Depreciation (+€12,471) and Receivables within one year (+€8,360)
- Profit (loss) carried forward -€14,854
down €14,854 (-143.2%), from -€10,376 to -€25,230
- Current portion of long-term debt -€8,603
down €8,603 (-92.2%), from €9,329 to €726
- Trade debts -€1,970
down €1,970 (-20.6%), from €9,579 to €7,609
- Other debts +€1,327
up €1,327 (+4.8%), from €27,848 to €29,175
- Debts after one year -€726
no longer reported in 2025 (was €726)
- Gross operating margin -€15,878
down €15,878, from €15,431 to -€447
- Depreciation -€1,548
down €1,548 (-11.0%), from €14,020 to €12,471
- Financial charges +€341
up €341 (+100.5%), from €339 to €680
- Taxes -€337
down €337 (-67.1%), from €502 to €165
- Other operating charges +€241
up €241 (+27.7%), from €870 to €1,111
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 | €59,159 | €34,333 | -€24,826 | -42.0% |
| Fixed assets | 21/28 | €23,824 | €11,353 | -€12,471 | -52.3% |
| Intangible fixed assets | 21 | €537 | €397 | -€140 | -26.1% |
| Tangible fixed assets | 22/27 | €23,288 | €10,956 | -€12,331 | -53.0% |
| Plant, machinery and equipment | 23 | €2,715 | €1,322 | -€1,393 | -51.3% |
| Furniture and vehicles | 24 | €20,572 | €9,634 | -€10,939 | -53.2% |
| Current assets | 29/58 | €35,335 | €22,980 | -€12,354 | -35.0% |
| Stocks and contracts in progress | 3 | €14,054 | €6,662 | -€7,392 | -52.6% |
| Stocks | 30/36 | €14,054 | €6,662 | -€7,392 | -52.6% |
| Amounts receivable within one year | 40/41 | €18,732 | €10,372 | -€8,360 | -44.6% |
| Trade receivables | 40 | €17,511 | €8,399 | -€9,112 | -52.0% |
| Other amounts receivable | 41 | €1,221 | €1,973 | +€752 | +61.6% |
| Cash at bank and in hand | 54/58 | €1,872 | €5,352 | +€3,480 | +185.9% |
| Deferred charges and accrued income | 490/1 | €677 | €595 | -€82 | -12.1% |
| Total equity and liabilities | 10/49 | €59,159 | €34,333 | -€24,826 | -42.0% |
| Equity | 10/15 | €11,011 | -€3,843 | -€14,854 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,386 | €16,386 | = | 0.0% |
| Distributable reserves | 133 | €16,386 | €16,386 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,376 | -€25,230 | -€14,854 | -143.2% |
| Amounts payable | 17/49 | €48,148 | €38,177 | -€9,972 | -20.7% |
| Amounts payable after more than one year | 17 | €726 | - | -€726 | |
| Financial debts | 170/4 | €726 | - | -€726 | |
| Amounts payable within one year | 42/48 | €47,422 | €38,177 | -€9,246 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €9,329 | €726 | -€8,603 | -92.2% |
| Trade debts | 44 | €9,579 | €7,609 | -€1,970 | -20.6% |
| Suppliers | 440/4 | €9,579 | €7,609 | -€1,970 | -20.6% |
| Taxes, remuneration and social security | 45 | €666 | €667 | +€1 | +0.1% |
| Taxes | 450/3 | €666 | €667 | +€1 | +0.1% |
| Other amounts payable | 47/48 | €27,848 | €29,175 | +€1,327 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,020 | €12,471 | -€1,548 | -11.0% |
| Other operating charges | 640/8 | €870 | €1,111 | +€241 | +27.7% |
| Gross operating margin | 9900 | €15,431 | -€447 | -€15,878 | |
| Operating profit (loss) | 9901 | €541 | -€14,029 | -€14,571 | |
| Financial income | 75/76B | €7 | €21 | +€14 | +208.8% |
| Recurring financial income | 75 | €7 | €21 | +€14 | +208.8% |
| Financial charges | 65/66B | €339 | €680 | +€341 | +100.5% |
| Recurring financial charges | 65 | €339 | €680 | +€341 | +100.5% |
| Profit (loss) for the period before taxes | 9903 | €208 | -€14,689 | -€14,897 | |
| Income taxes | 67/77 | €502 | €165 | -€337 | -67.1% |
| Profit (loss) for the period | 9904 | -€293 | -€14,854 | -€14,561 | -4966.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€293 | -€14,854 | -€14,561 | -4966.9% |
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 11 October 2026 via checked.be.