LIVET1: 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.
LIVET1
Largest movements
- Cash +€34,660
up €34,660 (+375%), from €9,251 to €43,911
mainly Other debts (+€49,439) and Net result for the year (+€29,646)
- Receivables within one year +€18,442
up €18,442 (+11.6%), from €159,265 to €177,707
of which Trade receivables: +€13,588
- Stocks and contracts -€10,660
down €10,660 (-20.6%), from €51,810 to €41,150
- Other debts +€49,439
new in 2025: €49,439
- Accrued charges and deferred income -€49,439
no longer reported in 2025 (was €49,439)
- Profit (loss) carried forward +€29,646
up €29,646 (+11.6%), from €255,442 to €285,088
- Tax, wage and social debts +€7,529
up €7,529 (+46.2%), from €16,303 to €23,832
of which Taxes: +€7,808
- Trade debts +€5,267
up €5,267 (+127%), from €4,142 to €9,409
- Staff costs -€25,219
down €25,219 (-18.3%), from €137,668 to €112,449
- Other operating charges +€19,492
up €19,492 (+14,532%), from €134 to €19,626
- Gross operating margin -€15,217
down €15,217 (-7.8%), from €193,858 to €178,641
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 | €340,326 | €382,768 | +€42,442 | +12.5% |
| Current assets | 29/58 | €340,326 | €382,768 | +€42,442 | +12.5% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €51,810 | €41,150 | -€10,660 | -20.6% |
| Stocks | 30/36 | €51,810 | €41,150 | -€10,660 | -20.6% |
| Amounts receivable within one year | 40/41 | €159,265 | €177,707 | +€18,442 | +11.6% |
| Trade receivables | 40 | €96,354 | €109,942 | +€13,588 | +14.1% |
| Other amounts receivable | 41 | €62,911 | €67,765 | +€4,854 | +7.7% |
| Cash at bank and in hand | 54/58 | €9,251 | €43,911 | +€34,660 | +375% |
| Total equity and liabilities | 10/49 | €340,326 | €382,768 | +€42,442 | +12.5% |
| Equity | 10/15 | €270,442 | €300,088 | +€29,646 | +11.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €255,442 | €285,088 | +€29,646 | +11.6% |
| Amounts payable | 17/49 | €69,884 | €82,680 | +€12,796 | +18.3% |
| Amounts payable within one year | 42/48 | €20,445 | €82,680 | +€62,235 | +304% |
| Trade debts | 44 | €4,142 | €9,409 | +€5,267 | +127% |
| Suppliers | 440/4 | €4,142 | €9,409 | +€5,267 | +127% |
| Taxes, remuneration and social security | 45 | €16,303 | €23,832 | +€7,529 | +46.2% |
| Taxes | 450/3 | €8,927 | €16,735 | +€7,808 | +87.5% |
| Remuneration and social security | 454/9 | €7,376 | €7,097 | -€280 | -3.8% |
| Other amounts payable | 47/48 | - | €49,439 | +€49,439 | |
| Accrued charges and deferred income | 492/3 | €49,439 | - | -€49,439 | |
| Remuneration, social security and pensions | 62 | €137,668 | €112,449 | -€25,219 | -18.3% |
| Other operating charges | 640/8 | €134 | €19,626 | +€19,492 | +14,532% |
| Gross operating margin | 9900 | €193,858 | €178,641 | -€15,217 | -7.8% |
| Operating profit (loss) | 9901 | €56,055 | €46,566 | -€9,490 | -16.9% |
| Financial income | 75/76B | €88 | €1 | -€87 | -98.9% |
| Recurring financial income | 75 | €88 | €1 | -€87 | -98.9% |
| Financial charges | 65/66B | €2,033 | €1,606 | -€427 | -21.0% |
| Recurring financial charges | 65 | €2,033 | €1,606 | -€427 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €54,110 | €44,960 | -€9,149 | -16.9% |
| Income taxes | 67/77 | €14,076 | €15,314 | +€1,238 | +8.8% |
| Profit (loss) for the period | 9904 | €40,034 | €29,646 | -€10,388 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,034 | €29,646 | -€10,388 | -25.9% |
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 17 October 2026 via checked.be.