Live Systems: 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.
Live Systems
Largest movements
- Tangible fixed assets +€36,692
up €36,692 (+10.8%), from €340,283 to €376,975
of which Furniture and vehicles: +€58,163
- Receivables within one year -€9,957
down €9,957 (-29.5%), from €33,765 to €23,808
of which Other amounts receivable: -€28,016
- Other debts +€26,761
up €26,761 (+133.9%), from €19,993 to €46,754
- Profit (loss) carried forward +€25,434
up €25,434 (+21.4%), from -€118,787 to -€93,353
- Debts after one year -€14,970
down €14,970 (-17.3%), from €86,330 to €71,359
- Reserves -€5,583
down €5,583 (-2.0%), from €284,199 to €278,616
of which Tax-exempt reserves: -€5,583
- Gross operating margin +€36,215
up €36,215 (+400.5%), from €9,043 to €45,258
- Depreciation +€1,308
up €1,308 (+9.4%), from €13,849 to €15,157
- Other operating charges -€578
down €578 (-50.1%), from €1,154 to €576
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 | €375,837 | €404,954 | +€29,118 | +7.7% |
| Fixed assets | 21/28 | €340,283 | €376,975 | +€36,692 | +10.8% |
| Tangible fixed assets | 22/27 | €340,283 | €376,975 | +€36,692 | +10.8% |
| Land and buildings | 22 | €324,335 | €313,523 | -€10,811 | -3.3% |
| Furniture and vehicles | 24 | €5,289 | €63,452 | +€58,163 | +1099.8% |
| Other tangible fixed assets | 26 | €10,660 | - | -€10,660 | |
| Current assets | 29/58 | €35,553 | €27,979 | -€7,574 | -21.3% |
| Amounts receivable within one year | 40/41 | €33,765 | €23,808 | -€9,957 | -29.5% |
| Trade receivables | 40 | - | €18,059 | +€18,059 | |
| Other amounts receivable | 41 | €33,765 | €5,748 | -€28,016 | -83.0% |
| Current investments | 50/53 | €1,390 | €1,390 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €398 | €2,781 | +€2,383 | +598.3% |
| Total equity and liabilities | 10/49 | €375,837 | €404,954 | +€29,118 | +7.7% |
| Equity | 10/15 | €184,012 | €203,863 | +€19,851 | +10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €284,199 | €278,616 | -€5,583 | -2.0% |
| Tax-exempt reserves | 132 | €189,831 | €184,248 | -€5,583 | -2.9% |
| Distributable reserves | 133 | €94,368 | €94,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,787 | -€93,353 | +€25,434 | +21.4% |
| Provisions and deferred taxes | 16 | €70,353 | €68,008 | -€2,345 | -3.3% |
| Deferred taxes | 168 | €70,353 | €68,008 | -€2,345 | -3.3% |
| Amounts payable | 17/49 | €121,472 | €133,084 | +€11,612 | +9.6% |
| Amounts payable after more than one year | 17 | €86,330 | €71,359 | -€14,970 | -17.3% |
| Financial debts | 170/4 | €86,330 | €71,359 | -€14,970 | -17.3% |
| Amounts payable within one year | 42/48 | €35,143 | €61,725 | +€26,582 | +75.6% |
| Current portion of amounts payable after more than one year | 42 | €14,762 | €14,970 | +€208 | +1.4% |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Other amounts payable | 47/48 | €19,993 | €46,754 | +€26,761 | +133.9% |
| Non-recurring operating income | 76A | - | €17,500 | +€17,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,849 | €15,157 | +€1,308 | +9.4% |
| Other operating charges | 640/8 | €1,154 | €576 | -€578 | -50.1% |
| Non-recurring operating charges | 66A | - | €10,660 | +€10,660 | |
| Gross operating margin | 9900 | €9,043 | €45,258 | +€36,215 | +400.5% |
| Operating profit (loss) | 9901 | -€5,960 | €18,865 | +€24,825 | |
| Financial income | 75/76B | €25 | - | -€25 | |
| Recurring financial income | 75 | €25 | - | -€25 | |
| Financial charges | 65/66B | €1,583 | €1,359 | -€224 | -14.2% |
| Recurring financial charges | 65 | €1,583 | €1,359 | -€224 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,518 | €17,506 | +€25,024 | |
| Transfer from deferred taxes | 780 | €2,345 | €2,345 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€5,173 | €19,851 | +€25,024 | |
| Transfer from tax-exempt reserves | 789 | €5,583 | €5,583 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €410 | €25,434 | +€25,024 | +6100.0% |
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 1 October 2026 via checked.be.