LiVFe: what changed
LiVFe
Largest movements
- Cash +€45,730
up €45,730 (+100%), from €45,643 to €91,373
mainly Net result for the year (+€104,234) and Other debts (+€85,036)
- Receivables within one year +€43,831
up €43,831 (+247%), from €17,720 to €61,550
of which Trade receivables: +€38,437
- Tangible fixed assets +€19,080
up €19,080 (+479%), from €3,983 to €23,064
of which Furniture and vehicles: +€13,056
- Other debts +€85,036
up €85,036 (+5,461%), from €1,557 to €86,593
- Tax, wage and social debts +€15,491
up €15,491 (+138%), from €11,250 to €26,741
of which Taxes: +€11,241
- Trade debts +€5,077
up €5,077 (+540%), from €940 to €6,017
- Profit (loss) carried forward +€4,234
up €4,234 (+12.7%), from €33,292 to €37,526
- Gross operating margin +€44,192
up €44,192 (+48.1%), from €91,915 to €136,107
- Taxes +€8,692
up €8,692 (+45.3%), from €19,191 to €27,883
- Depreciation -€3,202
down €3,202 (-81.7%), from €3,920 to €718
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,106 | €178,944 | +€109,838 | +159% |
| Fixed assets | 21/28 | €3,983 | €23,064 | +€19,080 | +479% |
| Tangible fixed assets | 22/27 | €3,983 | €23,064 | +€19,080 | +479% |
| Furniture and vehicles | 24 | €3,983 | €17,040 | +€13,056 | +328% |
| Other tangible fixed assets | 26 | - | €6,024 | +€6,024 | |
| Current assets | 29/58 | €65,123 | €155,880 | +€90,758 | +139% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €17,720 | €61,550 | +€43,831 | +247% |
| Trade receivables | 40 | €15,960 | €54,397 | +€38,437 | +241% |
| Other amounts receivable | 41 | €1,760 | €7,153 | +€5,394 | +307% |
| Cash at bank and in hand | 54/58 | €45,643 | €91,373 | +€45,730 | +100% |
| Deferred charges and accrued income | 490/1 | €1,760 | €2,957 | +€1,197 | +68.0% |
| Total equity and liabilities | 10/49 | €69,106 | €178,944 | +€109,838 | +159% |
| Equity | 10/15 | €51,892 | €56,126 | +€4,234 | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,292 | €37,526 | +€4,234 | +12.7% |
| Amounts payable | 17/49 | €17,213 | €122,818 | +€105,605 | +614% |
| Amounts payable within one year | 42/48 | €13,748 | €119,351 | +€105,603 | +768% |
| Trade debts | 44 | €940 | €6,017 | +€5,077 | +540% |
| Suppliers | 440/4 | €940 | €6,017 | +€5,077 | +540% |
| Taxes, remuneration and social security | 45 | €11,250 | €26,741 | +€15,491 | +138% |
| Taxes | 450/3 | €11,250 | €22,491 | +€11,241 | +99.9% |
| Remuneration and social security | 454/9 | - | €4,250 | +€4,250 | |
| Other amounts payable | 47/48 | €1,557 | €86,593 | +€85,036 | +5,461% |
| Accrued charges and deferred income | 492/3 | €3,466 | €3,467 | +€1 | 0.0% |
| Non-recurring operating income | 76A | - | €16,000 | +€16,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,920 | €718 | -€3,202 | -81.7% |
| Other operating charges | 640/8 | €1,835 | €1,266 | -€568 | -31.0% |
| Non-recurring operating charges | 66A | - | €1,504 | +€1,504 | |
| Gross operating margin | 9900 | €91,915 | €136,107 | +€44,192 | +48.1% |
| Operating profit (loss) | 9901 | €86,160 | €132,619 | +€46,459 | +53.9% |
| Financial income | 75/76B | €720 | €0 | -€720 | -100% |
| Recurring financial income | 75 | €720 | €0 | -€720 | -100% |
| Financial charges | 65/66B | €237 | €502 | +€266 | +112% |
| Recurring financial charges | 65 | €237 | €502 | +€266 | +112% |
| Profit (loss) for the period before taxes | 9903 | €86,643 | €132,117 | +€45,473 | +52.5% |
| Income taxes | 67/77 | €19,191 | €27,883 | +€8,692 | +45.3% |
| Profit (loss) for the period | 9904 | €67,453 | €104,234 | +€36,781 | +54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €67,453 | €104,234 | +€36,781 | +54.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.