Livecadia: 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.
Livecadia
Largest movements
- Receivables within one year -€3.1m
down €3.1m (-96.1%), from €3.2m to €125,040
of which Trade receivables: -€3.1m
- Intangible fixed assets -€67,459
down €67,459 (-24.0%), from €280,880 to €213,420
- Tangible fixed assets -€39,649
down €39,649 (-27.8%), from €142,748 to €103,098
of which Plant, machinery and equipment: -€36,779
- Short-term financial debts -€2.9m
down €2.9m (-98.0%), from €3.0m to €58,859
- Profit (loss) carried forward -€204,397
down €204,397, from €125,782 to -€78,616
- Gross operating margin -€1.0m
down €1.0m, from €962,262 to -€69,065
- Staff costs -€358,621
down €358,621 (-97.6%), from €367,517 to €8,896
- Financial charges -€140,455
down €140,455 (-90.4%), from €155,355 to €14,899
- Taxes +€107,479
no longer reported in 2025 (was -€107,479)
- Depreciation +€10,305
up €10,305 (+10.4%), from €99,351 to €109,656
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,633,207 | €441,558 | -€3.2m | -87.8% |
| Fixed assets | 21/28 | €423,627 | €316,519 | -€107,109 | -25.3% |
| Intangible fixed assets | 21 | €280,880 | €213,420 | -€67,459 | -24.0% |
| Tangible fixed assets | 22/27 | €142,748 | €103,098 | -€39,649 | -27.8% |
| Plant, machinery and equipment | 23 | €138,772 | €101,993 | -€36,779 | -26.5% |
| Furniture and vehicles | 24 | €3,976 | €1,105 | -€2,871 | -72.2% |
| Current assets | 29/58 | €3,209,579 | €125,040 | -€3.1m | -96.1% |
| Amounts receivable within one year | 40/41 | €3,209,579 | €125,040 | -€3.1m | -96.1% |
| Trade receivables | 40 | €3,099,370 | €14,830 | -€3.1m | -99.5% |
| Other amounts receivable | 41 | €110,209 | €110,209 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,633,207 | €441,558 | -€3.2m | -87.8% |
| Equity | 10/15 | €575,782 | €371,384 | -€204,397 | -35.5% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,782 | -€78,616 | -€204,397 | |
| Amounts payable | 17/49 | €3,057,425 | €70,174 | -€3.0m | -97.7% |
| Amounts payable within one year | 42/48 | €3,055,376 | €70,174 | -€3.0m | -97.7% |
| Financial debts | 43 | €2,953,237 | €58,859 | -€2.9m | -98.0% |
| Credit institutions | 430/8 | €2,953,237 | €58,859 | -€2.9m | -98.0% |
| Trade debts | 44 | €33,570 | €849 | -€32,721 | -97.5% |
| Suppliers | 440/4 | €33,570 | €849 | -€32,721 | -97.5% |
| Taxes, remuneration and social security | 45 | €31,270 | - | -€31,270 | |
| Taxes | 450/3 | €23,269 | - | -€23,269 | |
| Remuneration and social security | 454/9 | €8,001 | - | -€8,001 | |
| Other amounts payable | 47/48 | €37,299 | €10,466 | -€26,834 | -71.9% |
| Accrued charges and deferred income | 492/3 | €2,048 | - | -€2,048 | |
| Non-recurring operating income | 76A | €809,726 | - | -€809,726 | |
| Remuneration, social security and pensions | 62 | €367,517 | €8,896 | -€358,621 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,351 | €109,656 | +€10,305 | +10.4% |
| Other operating charges | 640/8 | €6,769 | €2,022 | -€4,747 | -70.1% |
| Gross operating margin | 9900 | €962,262 | -€69,065 | -€1.0m | |
| Operating profit (loss) | 9901 | €488,625 | -€189,639 | -€678,264 | |
| Financial income | 75/76B | - | €141 | +€141 | |
| Recurring financial income | 75 | - | €141 | +€141 | |
| Financial charges | 65/66B | €155,355 | €14,899 | -€140,455 | -90.4% |
| Recurring financial charges | 65 | €155,355 | €14,899 | -€140,455 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | €333,270 | -€204,397 | -€537,668 | |
| Income taxes | 67/77 | -€107,479 | - | +€107,479 | |
| Profit (loss) for the period | 9904 | €440,749 | -€204,397 | -€645,146 | |
| Profit (loss) for the period to be appropriated | 9905 | €440,749 | -€204,397 | -€645,146 |
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.