Livewire: 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.
Livewire
Largest movements
- Current investments +€305,000
up €305,000 (+52.6%), from €580,000 to €885,000
- Receivables within one year -€53,027
down €53,027 (-98.6%), from €53,807 to €780
- Cash +€28,082
up €28,082 (+50.9%), from €55,183 to €83,265
mainly Net result for the year (+€272,420) and Receivables within one year (+€53,027)
- Tangible fixed assets -€22,388
down €22,388 (-49.7%), from €45,040 to €22,652
of which Furniture and vehicles: -€20,454
- Reserves +€272,420
up €272,420 (+45.3%), from €600,898 to €873,318
- Current portion of long-term debt -€11,820
down €11,820 (-24.1%), from €49,118 to €37,298
- Gross operating margin +€69,971
up €69,971 (+20.1%), from €347,735 to €417,706
- Taxes +€19,268
up €19,268 (+18.8%), from €102,252 to €121,520
- Financial income -€9,015
down €9,015 (-75.0%), from €12,018 to €3,003
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 | €734,030 | €991,697 | +€257,667 | +35.1% |
| Fixed assets | 21/28 | €45,040 | €22,652 | -€22,388 | -49.7% |
| Tangible fixed assets | 22/27 | €45,040 | €22,652 | -€22,388 | -49.7% |
| Plant, machinery and equipment | 23 | €2,429 | €494 | -€1,934 | -79.6% |
| Furniture and vehicles | 24 | €42,611 | €22,158 | -€20,454 | -48.0% |
| Current assets | 29/58 | €688,990 | €969,045 | +€280,055 | +40.6% |
| Amounts receivable within one year | 40/41 | €53,807 | €780 | -€53,027 | -98.6% |
| Trade receivables | 40 | €53,807 | €780 | -€53,027 | -98.6% |
| Current investments | 50/53 | €580,000 | €885,000 | +€305,000 | +52.6% |
| Cash at bank and in hand | 54/58 | €55,183 | €83,265 | +€28,082 | +50.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €734,030 | €991,697 | +€257,667 | +35.1% |
| Equity | 10/15 | €605,898 | €878,318 | +€272,420 | +45.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €600,898 | €873,318 | +€272,420 | +45.3% |
| Distributable reserves | 133 | €600,898 | €873,318 | +€272,420 | +45.3% |
| Amounts payable | 17/49 | €128,132 | €113,379 | -€14,752 | -11.5% |
| Amounts payable after more than one year | 17 | €3,938 | €0 | -€3,938 | -100% |
| Financial debts | 170/4 | €3,938 | €0 | -€3,938 | -100% |
| Amounts payable within one year | 42/48 | €124,194 | €112,191 | -€12,002 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €49,118 | €37,298 | -€11,820 | -24.1% |
| Trade debts | 44 | €6,124 | €5,963 | -€162 | -2.6% |
| Suppliers | 440/4 | €6,124 | €5,963 | -€162 | -2.6% |
| Taxes, remuneration and social security | 45 | €68,574 | €68,229 | -€345 | -0.5% |
| Taxes | 450/3 | €68,574 | €68,229 | -€345 | -0.5% |
| Other amounts payable | 47/48 | €378 | €702 | +€324 | +85.8% |
| Accrued charges and deferred income | 492/3 | - | €1,188 | +€1,188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,573 | €22,388 | -€1,186 | -5.0% |
| Other operating charges | 640/8 | €741 | €738 | -€3 | -0.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €347,735 | €417,706 | +€69,971 | +20.1% |
| Operating profit (loss) | 9901 | €323,421 | €394,580 | +€71,159 | +22.0% |
| Financial income | 75/76B | €12,018 | €3,003 | -€9,015 | -75.0% |
| Recurring financial income | 75 | €12,018 | €3,003 | -€9,015 | -75.0% |
| Financial charges | 65/66B | €2,156 | €3,643 | +€1,487 | +69.0% |
| Recurring financial charges | 65 | €2,156 | €3,643 | +€1,487 | +69.0% |
| Profit (loss) for the period before taxes | 9903 | €333,283 | €393,940 | +€60,657 | +18.2% |
| Income taxes | 67/77 | €102,252 | €121,520 | +€19,268 | +18.8% |
| Profit (loss) for the period | 9904 | €231,031 | €272,420 | +€41,389 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €231,031 | €272,420 | +€41,389 | +17.9% |
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 31 October 2026 via checked.be.