Live Smart Projectontwikkeling: 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 Smart Projectontwikkeling
Largest movements
- Receivables within one year -€1.1m
down €1.1m (-65.3%), from €1.7m to €583,463
- Financial fixed assets -€210,000
down €210,000 (-51.4%), from €408,862 to €198,862
- Debts after one year -€1.0m
no longer reported in 2025 (was €1.0m)
- Other debts -€337,621
down €337,621 (-33.8%), from €999,018 to €661,396
- Profit (loss) carried forward +€52,837
up €52,837 (+186%), from €28,478 to €81,314
- Accrued charges and deferred income -€33,333
no longer reported in 2025 (was €33,333)
- Financial charges +€822,687
up €822,687 (+592%), from €138,970 to €961,657
of which Financial charges: +€612,687
- Financial income +€777,601
up €777,601 (+278%), from €279,732 to €1.1m
of which Financial income: +€1.0m
- Gross operating margin +€33,552
up €33,552 (+44.7%), from -€75,110 to -€41,559
- Staff costs -€29,501
no longer reported in 2025 (was €29,501)
- Other operating charges -€3,128
down €3,128 (-73.7%), from €4,246 to €1,118
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,103,863 | €782,646 | -€1.3m | -62.8% |
| Fixed assets | 21/28 | €409,025 | €198,862 | -€210,163 | -51.4% |
| Tangible fixed assets | 22/27 | €163 | - | -€163 | |
| Furniture and vehicles | 24 | €163 | - | -€163 | |
| Financial fixed assets | 28 | €408,862 | €198,862 | -€210,000 | -51.4% |
| Current assets | 29/58 | €1,694,839 | €583,784 | -€1.1m | -65.6% |
| Amounts receivable within one year | 40/41 | €1,679,534 | €583,463 | -€1.1m | -65.3% |
| Other amounts receivable | 41 | €1,679,534 | €583,463 | -€1.1m | -65.3% |
| Cash at bank and in hand | 54/58 | €15,304 | €321 | -€14,983 | -97.9% |
| Total equity and liabilities | 10/49 | €2,103,863 | €782,646 | -€1.3m | -62.8% |
| Equity | 10/15 | €65,678 | €118,514 | +€52,837 | +80.4% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,478 | €81,314 | +€52,837 | +186% |
| Amounts payable | 17/49 | €2,038,186 | €664,132 | -€1.4m | -67.4% |
| Amounts payable after more than one year | 17 | €1,000,000 | - | -€1.0m | |
| Financial debts | 170/4 | €1,000,000 | - | -€1.0m | |
| Amounts payable within one year | 42/48 | €1,004,852 | €664,132 | -€340,720 | -33.9% |
| Trade debts | 44 | €5,835 | €2,736 | -€3,099 | -53.1% |
| Suppliers | 440/4 | €5,835 | €2,736 | -€3,099 | -53.1% |
| Other amounts payable | 47/48 | €999,018 | €661,396 | -€337,621 | -33.8% |
| Accrued charges and deferred income | 492/3 | €33,333 | - | -€33,333 | |
| Remuneration, social security and pensions | 62 | €29,501 | - | -€29,501 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,148 | €163 | -€1,986 | -92.4% |
| Other operating charges | 640/8 | €4,246 | €1,118 | -€3,128 | -73.7% |
| Gross operating margin | 9900 | -€75,110 | -€41,559 | +€33,552 | +44.7% |
| Operating profit (loss) | 9901 | -€111,006 | -€42,840 | +€68,166 | +61.4% |
| Financial income | 75/76B | €279,732 | €1,057,333 | +€777,601 | +278% |
| Recurring financial income | 75 | €13,504 | €1,057,333 | +€1.0m | +7,730% |
| Non-recurring financial income | 76B | €266,228 | €1,057,333 | +€791,105 | +297% |
| Financial charges | 65/66B | €138,970 | €961,657 | +€822,687 | +592% |
| Recurring financial charges | 65 | €138,970 | €751,657 | +€612,687 | +441% |
| Non-recurring financial charges | 66B | - | €210,000 | +€210,000 | |
| Profit (loss) for the period before taxes | 9903 | €29,756 | €52,837 | +€23,080 | +77.6% |
| Profit (loss) for the period | 9904 | €29,756 | €52,837 | +€23,080 | +77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,756 | €52,837 | +€23,080 | +77.6% |
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 25 October 2026 via checked.be.