LIVET2: 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.
LIVET2
Largest movements
- Receivables within one year +€149,893
up €149,893 (+64.1%), from €233,931 to €383,824
of which Other amounts receivable: +€119,580
- Stocks and contracts -€21,558
down €21,558 (-44.1%), from €48,850 to €27,292
- Cash -€6,039
down €6,039 (-4.7%), from €128,974 to €122,935
mainly Receivables within one year (-€149,893)
- Profit (loss) carried forward +€78,955
up €78,955 (+33.5%), from €235,934 to €314,889
- Tax, wage and social debts +€34,683
up €34,683 (+66.6%), from €52,101 to €86,784
of which Taxes: +€33,871
- Trade debts +€8,657
up €8,657 (+49.0%), from €17,654 to €26,311
- Gross operating margin +€69,994
up €69,994 (+27.3%), from €256,212 to €326,206
- Staff costs +€38,861
up €38,861 (+22.0%), from €176,856 to €215,717
- Taxes +€7,849
up €7,849 (+37.2%), from €21,073 to €28,922
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 | €416,755 | €539,051 | +€122,296 | +29.3% |
| Current assets | 29/58 | €416,755 | €539,051 | +€122,296 | +29.3% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €48,850 | €27,292 | -€21,558 | -44.1% |
| Stocks | 30/36 | €48,850 | €27,292 | -€21,558 | -44.1% |
| Amounts receivable within one year | 40/41 | €233,931 | €383,824 | +€149,893 | +64.1% |
| Trade receivables | 40 | €90,042 | €120,354 | +€30,312 | +33.7% |
| Other amounts receivable | 41 | €143,889 | €263,470 | +€119,580 | +83.1% |
| Cash at bank and in hand | 54/58 | €128,974 | €122,935 | -€6,039 | -4.7% |
| Total equity and liabilities | 10/49 | €416,755 | €539,051 | +€122,296 | +29.3% |
| Equity | 10/15 | €250,934 | €329,889 | +€78,955 | +31.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €235,934 | €314,889 | +€78,955 | +33.5% |
| Amounts payable | 17/49 | €165,821 | €209,162 | +€43,341 | +26.1% |
| Amounts payable within one year | 42/48 | €165,821 | €209,162 | +€43,341 | +26.1% |
| Trade debts | 44 | €17,654 | €26,311 | +€8,657 | +49.0% |
| Suppliers | 440/4 | €17,654 | €26,311 | +€8,657 | +49.0% |
| Taxes, remuneration and social security | 45 | €52,101 | €86,784 | +€34,683 | +66.6% |
| Taxes | 450/3 | €24,100 | €57,971 | +€33,871 | +140.5% |
| Remuneration and social security | 454/9 | €28,001 | €28,813 | +€812 | +2.9% |
| Other amounts payable | 47/48 | €96,066 | €96,066 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €176,856 | €215,717 | +€38,861 | +22.0% |
| Other operating charges | 640/8 | €1,165 | €1,242 | +€77 | +6.6% |
| Gross operating margin | 9900 | €256,212 | €326,206 | +€69,994 | +27.3% |
| Operating profit (loss) | 9901 | €78,191 | €109,247 | +€31,056 | +39.7% |
| Financial income | 75/76B | €57 | €12 | -€45 | -78.8% |
| Recurring financial income | 75 | €57 | €12 | -€45 | -78.8% |
| Financial charges | 65/66B | €1,261 | €1,382 | +€121 | +9.6% |
| Recurring financial charges | 65 | €1,261 | €1,382 | +€121 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €76,988 | €107,877 | +€30,889 | +40.1% |
| Income taxes | 67/77 | €21,073 | €28,922 | +€7,849 | +37.2% |
| Profit (loss) for the period | 9904 | €55,915 | €78,955 | +€23,040 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,915 | €78,955 | +€23,040 | +41.2% |
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 7 October 2026 via checked.be.