Live Smart Land: what changed
Live Smart Land
Largest movements
- Stocks and contracts -€1.5m
no longer reported in 2025 (was €1.5m)
- Short-term financial debts -€1.1m
no longer reported in 2025 (was €1.1m)
- Other debts -€362,368
down €362,368 (-80.6%), from €449,518 to €87,150
- Profit (loss) carried forward -€126,813
down €126,813 (-670%), from -€18,915 to -€145,728
- Provisions +€34,000
new in 2025: €34,000
- Trade debts -€19,444
down €19,444 (-68.9%), from €28,218 to €8,774
- Financial charges -€69,650
down €69,650 (-60.1%), from €115,980 to €46,331
- Provisions +€34,000
new in 2025: €34,000
- Gross operating margin +€32,228
up €32,228 (+61.4%), from -€52,451 to -€20,223
- Other operating charges +€7,700
up €7,700 (+41.5%), from €18,560 to €26,260
- Write-downs +€7,000
no longer reported in 2025 (was -€7,000)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,544,411 | €6,196 | -€1.5m | -99.6% |
| Current assets | 29/58 | €1,544,411 | €6,196 | -€1.5m | -99.6% |
| Stocks and contracts in progress | 3 | €1,540,772 | - | -€1.5m | |
| Stocks | 30/36 | €1,540,772 | - | -€1.5m | |
| Cash at bank and in hand | 54/58 | €2,693 | €6,196 | +€3,503 | +130% |
| Deferred charges and accrued income | 490/1 | €946 | - | -€946 | |
| Total equity and liabilities | 10/49 | €1,544,411 | €6,196 | -€1.5m | -99.6% |
| Equity | 10/15 | €3,085 | -€123,728 | -€126,813 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,915 | -€145,728 | -€126,813 | -670% |
| Provisions and deferred taxes | 16 | - | €34,000 | +€34,000 | |
| Provisions for liabilities and charges | 160/5 | - | €34,000 | +€34,000 | |
| Other liabilities and charges | 164/5 | - | €34,000 | +€34,000 | |
| Amounts payable | 17/49 | €1,541,325 | €95,924 | -€1.4m | -93.8% |
| Amounts payable within one year | 42/48 | €1,541,325 | €95,924 | -€1.4m | -93.8% |
| Financial debts | 43 | €1,063,590 | - | -€1.1m | |
| Credit institutions | 430/8 | €1,063,590 | - | -€1.1m | |
| Trade debts | 44 | €28,218 | €8,774 | -€19,444 | -68.9% |
| Suppliers | 440/4 | €28,218 | €8,774 | -€19,444 | -68.9% |
| Other amounts payable | 47/48 | €449,518 | €87,150 | -€362,368 | -80.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,000 | - | +€7,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €34,000 | +€34,000 | |
| Other operating charges | 640/8 | €18,560 | €26,260 | +€7,700 | +41.5% |
| Gross operating margin | 9900 | -€52,451 | -€20,223 | +€32,228 | +61.4% |
| Operating profit (loss) | 9901 | -€64,010 | -€80,483 | -€16,472 | -25.7% |
| Financial income | 75/76B | €63 | - | -€63 | |
| Recurring financial income | 75 | €63 | - | -€63 | |
| Financial charges | 65/66B | €115,980 | €46,331 | -€69,650 | -60.1% |
| Recurring financial charges | 65 | €115,980 | €46,331 | -€69,650 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | -€179,928 | -€126,813 | +€53,114 | +29.5% |
| Profit (loss) for the period | 9904 | -€179,928 | -€126,813 | +€53,114 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€179,928 | -€126,813 | +€53,114 | +29.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.