LIVE DE HAAN: 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
LIVE DE HAAN
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€69,395
2024 · €75,946-€6,551
Equity
€615,389
2024 · €545,995+€69,395
Cash
€6,619
2024 · €13,219-€6,600
Balance sheet total
€2.5m
2024 · €2.6m-€69,299
Largest movements
Assets
- Tangible fixed assets -€49,599
down €49,599 (-1.9%), from €2.6m to €2.5m
of which Land and buildings: -€47,799
Equity and liabilities
- Debts after one year -€197,423
down €197,423 (-11.8%), from €1.7m to €1.5m
- Reserves +€71,364
up €71,364 (+18.3%), from €390,691 to €462,055
of which Distributable reserves: +€79,085
- Other debts +€61,708
up €61,708 (+105%), from €59,025 to €120,734
Income statement
- Gross operating margin -€7,504
down €7,504 (-2.9%), from €256,241 to €248,737
- Financial charges -€5,911
down €5,911 (-15.6%), from €37,992 to €32,081
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
€75,946
Gross operating margin
-€7,504
Depreciation
-€2,313
Other operating charges
-€750
Financial charges
+€5,911
Taxes
-€1,894
Result 2025
€69,395
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
+€253,895
Investment
-€49,004
Financing
-€211,491
Cash 2024
€13,219
From operations (derived)
+€253,895
Net result for the year
+€69,395
Depreciation
+€98,603
Receivables within one year
+€13,051
Deferred charges and accrued income
+€50
Provisions
-€3,977
Trade debts
+€12,363
Tax, wage and social debts
+€1,894
Other debts
+€61,708
Accrued charges and deferred income
+€810
Investment (derived)
-€49,004
Investment in fixed assets (net)
-€49,004
Financing
-€211,491
Debts after one year
-€197,423
Current portion of long-term debt
+€10,905
Short-term financial debts
-€24,973
Cash 2025
€6,619
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,614,335 | €2,545,036 | -€69,299 | -2.7% |
| Fixed assets | 21/28 | €2,586,447 | €2,536,848 | -€49,599 | -1.9% |
| Tangible fixed assets | 22/27 | €2,586,323 | €2,536,724 | -€49,599 | -1.9% |
| Land and buildings | 22 | €2,582,723 | €2,534,924 | -€47,799 | -1.9% |
| Furniture and vehicles | 24 | €3,600 | €1,800 | -€1,800 | -50.0% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €27,888 | €8,188 | -€19,700 | -70.6% |
| Amounts receivable within one year | 40/41 | €13,051 | €0 | -€13,051 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €13,051 | €0 | -€13,051 | -100% |
| Cash at bank and in hand | 54/58 | €13,219 | €6,619 | -€6,600 | -49.9% |
| Deferred charges and accrued income | 490/1 | €1,618 | €1,569 | -€50 | -3.1% |
| Total equity and liabilities | 10/49 | €2,614,335 | €2,545,036 | -€69,299 | -2.7% |
| Equity | 10/15 | €545,995 | €615,389 | +€69,395 | +12.7% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Revaluation surpluses | 12 | €37,424 | €35,455 | -€1,970 | -5.3% |
| Reserves | 13 | €390,691 | €462,055 | +€71,364 | +18.3% |
| Tax-exempt reserves | 132 | €192,967 | €185,246 | -€7,721 | -4.0% |
| Distributable reserves | 133 | €197,724 | €276,809 | +€79,085 | +40.0% |
| Profit (loss) carried forward | 14 | €47,880 | €47,880 | = | 0.0% |
| Provisions and deferred taxes | 16 | €99,366 | €95,389 | -€3,977 | -4.0% |
| Deferred taxes | 168 | €99,366 | €95,389 | -€3,977 | -4.0% |
| Amounts payable | 17/49 | €1,968,974 | €1,834,257 | -€134,717 | -6.8% |
| Amounts payable after more than one year | 17 | €1,666,355 | €1,468,932 | -€197,423 | -11.8% |
| Financial debts | 170/4 | €1,666,355 | €1,468,932 | -€197,423 | -11.8% |
| Amounts payable within one year | 42/48 | €302,367 | €364,263 | +€61,897 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €206,982 | €217,887 | +€10,905 | +5.3% |
| Financial debts | 43 | €24,973 | €0 | -€24,973 | -100% |
| Other loans | 439 | €24,973 | €0 | -€24,973 | -100% |
| Trade debts | 44 | €806 | €13,169 | +€12,363 | +1,534% |
| Suppliers | 440/4 | €806 | €13,169 | +€12,363 | +1,534% |
| Taxes, remuneration and social security | 45 | €10,580 | €12,474 | +€1,894 | +17.9% |
| Taxes | 450/3 | €10,580 | €12,474 | +€1,894 | +17.9% |
| Other amounts payable | 47/48 | €59,025 | €120,734 | +€61,708 | +105% |
| Accrued charges and deferred income | 492/3 | €252 | €1,062 | +€810 | +321% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,290 | €98,603 | +€2,313 | +2.4% |
| Other operating charges | 640/8 | €14,411 | €15,162 | +€750 | +5.2% |
| Gross operating margin | 9900 | €256,241 | €248,737 | -€7,504 | -2.9% |
| Operating profit (loss) | 9901 | €145,540 | €134,972 | -€10,568 | -7.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €37,992 | €32,081 | -€5,911 | -15.6% |
| Recurring financial charges | 65 | €37,992 | €32,081 | -€5,911 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €107,548 | €102,891 | -€4,657 | -4.3% |
| Transfer from deferred taxes | 780 | €3,977 | €3,977 | = | 0.0% |
| Income taxes | 67/77 | €35,580 | €37,474 | +€1,894 | +5.3% |
| Profit (loss) for the period | 9904 | €75,946 | €69,395 | -€6,551 | -8.6% |
| Transfer from tax-exempt reserves | 789 | €7,721 | €7,721 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,666 | €77,116 | -€6,551 | -7.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.