LIVEC: 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.
LIVEC
Largest movements
- Receivables within one year -€135,314
down €135,314 (-6.4%), from €2.1m to €2.0m
of which Other amounts receivable: -€145,155
- Cash -€51,626
down €51,626 (-66.8%), from €77,329 to €25,703
mainly Investment in fixed assets (net) (-€141,988) and Debts after one year (-€88,701)
- Debts after one year -€88,701
down €88,701 (-5.9%), from €1.5m to €1.4m
- Tax, wage and social debts -€54,204
down €54,204 (-42.9%), from €126,290 to €72,086
of which Taxes: -€54,204
- Financial income -€263,841
down €263,841 (-72.5%), from €364,063 to €100,222
of which Non-recurring financial income: -€279,500
- Taxes -€49,707
down €49,707 (-87.7%), from €56,685 to €6,978
- Gross operating margin +€49,199
up €49,199 (+227%), from €21,637 to €70,836
- Financial charges -€45,057
down €45,057 (-44.5%), from €101,194 to €56,137
- Depreciation +€24,022
up €24,022 (+31.9%), from €75,374 to €99,396
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,904,734 | €4,760,386 | -€144,349 | -2.9% |
| Fixed assets | 21/28 | €2,723,714 | €2,766,306 | +€42,592 | +1.6% |
| Tangible fixed assets | 22/27 | €2,723,034 | €2,765,626 | +€42,592 | +1.6% |
| Land and buildings | 22 | €2,615,171 | €2,641,029 | +€25,858 | +1.0% |
| Furniture and vehicles | 24 | €107,863 | €124,597 | +€16,734 | +15.5% |
| Financial fixed assets | 28 | €680 | €680 | = | 0.0% |
| Current assets | 29/58 | €2,181,020 | €1,994,080 | -€186,941 | -8.6% |
| Amounts receivable within one year | 40/41 | €2,103,691 | €1,968,377 | -€135,314 | -6.4% |
| Trade receivables | 40 | €209,354 | €219,195 | +€9,841 | +4.7% |
| Other amounts receivable | 41 | €1,894,337 | €1,749,182 | -€145,155 | -7.7% |
| Cash at bank and in hand | 54/58 | €77,329 | €25,703 | -€51,626 | -66.8% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €4,904,734 | €4,760,386 | -€144,349 | -2.9% |
| Equity | 10/15 | €1,516,956 | €1,517,585 | +€630 | 0.0% |
| Contributions | 10/11 | €138,754 | €138,754 | = | 0.0% |
| Capital | 10 | €138,754 | €138,754 | = | 0.0% |
| Issued capital | 100 | €138,754 | €138,754 | = | 0.0% |
| Reserves | 13 | €273,687 | €273,687 | = | 0.0% |
| Non-distributable reserves | 130/1 | €56,000 | €56,000 | = | 0.0% |
| Legal reserve | 130 | €56,000 | €56,000 | = | 0.0% |
| Distributable reserves | 133 | €217,687 | €217,687 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,104,515 | €1,105,145 | +€630 | +0.1% |
| Amounts payable | 17/49 | €3,387,779 | €3,242,800 | -€144,978 | -4.3% |
| Amounts payable after more than one year | 17 | €1,515,153 | €1,426,453 | -€88,701 | -5.9% |
| Financial debts | 170/4 | €1,515,153 | €1,426,453 | -€88,701 | -5.9% |
| Amounts payable within one year | 42/48 | €1,872,626 | €1,816,348 | -€56,278 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €347,582 | €348,801 | +€1,218 | +0.4% |
| Trade debts | 44 | €13,909 | €4,494 | -€9,414 | -67.7% |
| Suppliers | 440/4 | €13,909 | €4,494 | -€9,414 | -67.7% |
| Taxes, remuneration and social security | 45 | €126,290 | €72,086 | -€54,204 | -42.9% |
| Taxes | 450/3 | €126,290 | €72,086 | -€54,204 | -42.9% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €1,384,845 | €1,390,967 | +€6,122 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,374 | €99,396 | +€24,022 | +31.9% |
| Other operating charges | 640/8 | €9,665 | €7,918 | -€1,747 | -18.1% |
| Gross operating margin | 9900 | €21,637 | €70,836 | +€49,199 | +227% |
| Operating profit (loss) | 9901 | -€63,402 | -€36,478 | +€26,924 | +42.5% |
| Financial income | 75/76B | €364,063 | €100,222 | -€263,841 | -72.5% |
| Recurring financial income | 75 | €84,563 | €100,222 | +€15,659 | +18.5% |
| Non-recurring financial income | 76B | €279,500 | - | -€279,500 | |
| Financial charges | 65/66B | €101,194 | €56,137 | -€45,057 | -44.5% |
| Recurring financial charges | 65 | €101,194 | €56,137 | -€45,057 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €199,467 | €7,608 | -€191,859 | -96.2% |
| Income taxes | 67/77 | €56,685 | €6,978 | -€49,707 | -87.7% |
| Profit (loss) for the period | 9904 | €142,782 | €630 | -€142,152 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €142,782 | €630 | -€142,152 | -99.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.