LIVE CONCEPT: 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.
What changed
LIVE CONCEPT
NACE 77.222, Rental and leasing activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€288
2024 · -€13,476+€13,764
Equity
€215,177
2024 · €233,967-€18,791
Cash
€8,414
2024 · €4,724+€3,690
Balance sheet total
€1.1m
2024 · €1.2m-€73,705
Largest movements
Assets
- Tangible fixed assets -€49,689
down €49,689 (-4.4%), from €1.1m to €1.1m
of which Land and buildings: -€37,332
- Receivables after one year -€30,000
no longer reported in 2025 (was €30,000)
Equity and liabilities
- Debts after one year -€53,206
down €53,206 (-6.1%), from €867,259 to €814,053
- Reserves -€33,571
down €33,571 (-15.1%), from €222,186 to €188,615
- Other debts +€17,863
up €17,863 (+144.9%), from €12,328 to €30,191
- Trade debts -€15,949
down €15,949 (-65.6%), from €24,299 to €8,349
- Profit (loss) carried forward +€14,780
up €14,780, from -€8,678 to €6,102
Income statement
- Gross operating margin +€13,693
up €13,693 (+15.6%), from €87,609 to €101,302
- Other operating charges -€6,845
down €6,845 (-70.3%), from €9,736 to €2,891
- Depreciation +€5,220
up €5,220 (+8.4%), from €62,508 to €67,728
- Taxes +€2,240
up €2,240 (+565.8%), from €396 to €2,636
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
-€13,476
Gross operating margin
+€13,693
Depreciation
-€5,220
Provisions
-€349
Other operating charges
+€6,845
Financial income
+€506
Financial charges
+€530
Taxes
-€2,240
Result 2025
€288
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.
From operations
+€94,412
Investment
-€18,040
Financing
-€72,682
Cash 2024
€4,724
From operations (derived)
+€94,412
Net result for the year
+€288
Depreciation
+€67,728
Receivables after one year
+€30,000
Receivables within one year
+€415
Deferred charges and accrued income
-€2,708
Trade debts
-€15,949
Tax, wage and social debts
-€5,503
Advances received
+€303
Other debts
+€17,863
Accrued charges and deferred income
+€1,976
Investment (derived)
-€18,040
Investment in fixed assets (net)
-€18,040
Financing
-€72,682
Debts after one year
-€53,206
Current portion of long-term debt
+€1,672
Short-term financial debts
-€2,070
Contributions, distributions and other
-€19,078
Cash 2025
€8,414
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,220,533 | €1,146,828 | -€73,705 | -6.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €1,133,367 | €1,083,679 | -€49,689 | -4.4% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,133,216 | €1,083,528 | -€49,689 | -4.4% |
| Land and buildings | 22 | €1,067,107 | €1,029,775 | -€37,332 | -3.5% |
| Plant, machinery and equipment | 23 | €13,929 | €18,824 | +€4,895 | +35.1% |
| Furniture and vehicles | 24 | €52,180 | €34,929 | -€17,251 | -33.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €87,166 | €63,150 | -€24,016 | -27.6% |
| Amounts receivable after more than one year | 29 | €30,000 | - | -€30,000 | |
| Other amounts receivable | 291 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €47,690 | €47,275 | -€415 | -0.9% |
| Trade receivables | 40 | €36,086 | €21,223 | -€14,863 | -41.2% |
| Other amounts receivable | 41 | €11,604 | €26,052 | +€14,448 | +124.5% |
| Cash at bank and in hand | 54/58 | €4,724 | €8,414 | +€3,690 | +78.1% |
| Deferred charges and accrued income | 490/1 | €4,752 | €7,461 | +€2,708 | +57.0% |
| Total equity and liabilities | 10/49 | €1,220,533 | €1,146,828 | -€73,705 | -6.0% |
| Equity | 10/15 | €233,967 | €215,177 | -€18,791 | -8.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €222,186 | €188,615 | -€33,571 | -15.1% |
| Distributable reserves | 133 | €222,186 | €188,615 | -€33,571 | -15.1% |
| Profit (loss) carried forward | 14 | -€8,678 | €6,102 | +€14,780 | |
| Amounts payable | 17/49 | €986,566 | €931,652 | -€54,914 | -5.6% |
| Amounts payable after more than one year | 17 | €867,259 | €814,053 | -€53,206 | -6.1% |
| Financial debts | 170/4 | €867,259 | €814,053 | -€53,206 | -6.1% |
| Amounts payable within one year | 42/48 | €113,362 | €109,678 | -€3,684 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €57,492 | €59,164 | +€1,672 | +2.9% |
| Financial debts | 43 | €9,070 | €7,000 | -€2,070 | -22.8% |
| Other loans | 439 | €9,070 | €7,000 | -€2,070 | -22.8% |
| Trade debts | 44 | €24,299 | €8,349 | -€15,949 | -65.6% |
| Suppliers | 440/4 | €24,299 | €8,349 | -€15,949 | -65.6% |
| Advances received on contracts in progress | 46 | €0 | €303 | +€303 | |
| Taxes, remuneration and social security | 45 | €10,174 | €4,671 | -€5,503 | -54.1% |
| Taxes | 450/3 | €10,174 | €4,671 | -€5,503 | -54.1% |
| Other amounts payable | 47/48 | €12,328 | €30,191 | +€17,863 | +144.9% |
| Accrued charges and deferred income | 492/3 | €5,945 | €7,921 | +€1,976 | +33.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,508 | €67,728 | +€5,220 | +8.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €349 | +€349 | |
| Other operating charges | 640/8 | €9,736 | €2,891 | -€6,845 | -70.3% |
| Gross operating margin | 9900 | €87,609 | €101,302 | +€13,693 | +15.6% |
| Operating profit (loss) | 9901 | €15,365 | €30,334 | +€14,968 | +97.4% |
| Financial income | 75/76B | €26 | €531 | +€506 | +1963.2% |
| Recurring financial income | 75 | €26 | €531 | +€506 | +1963.2% |
| Financial charges | 65/66B | €28,471 | €27,941 | -€530 | -1.9% |
| Recurring financial charges | 65 | €28,471 | €27,941 | -€530 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,080 | €2,924 | +€16,004 | |
| Income taxes | 67/77 | €396 | €2,636 | +€2,240 | +565.8% |
| Profit (loss) for the period | 9904 | -€13,476 | €288 | +€13,764 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,476 | €288 | +€13,764 |
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 7 October 2026 via checked.be.