LIVI: 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.
LIVI
Largest movements
- Cash +€71,561
up €71,561 (+141%), from €50,700 to €122,261
mainly Receivables within one year (+€50,880) and Net result for the year (+€21,372)
- Receivables within one year -€50,880
down €50,880 (-93.4%), from €54,450 to €3,570
of which Trade receivables: -€54,450
- Reserves +€21,372
up €21,372 (+27.5%), from €77,721 to €99,093
- Other debts -€7,253
no longer reported in 2025 (was €7,253)
- Tax, wage and social debts +€5,103
up €5,103 (+26.0%), from €19,590 to €24,693
- Gross operating margin -€15,023
down €15,023 (-30.9%), from €48,549 to €33,526
- Taxes -€2,089
down €2,089 (-16.1%), from €12,989 to €10,901
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 | €107,564 | €127,839 | +€20,275 | +18.8% |
| Fixed assets | 21/28 | €2,414 | €2,008 | -€406 | -16.8% |
| Tangible fixed assets | 22/27 | €2,414 | €2,008 | -€406 | -16.8% |
| Plant, machinery and equipment | 23 | €2,414 | €1,714 | -€700 | -29.0% |
| Furniture and vehicles | 24 | - | €294 | +€294 | |
| Current assets | 29/58 | €105,150 | €125,831 | +€20,681 | +19.7% |
| Amounts receivable within one year | 40/41 | €54,450 | €3,570 | -€50,880 | -93.4% |
| Trade receivables | 40 | €54,450 | - | -€54,450 | |
| Other amounts receivable | 41 | - | €3,570 | +€3,570 | |
| Cash at bank and in hand | 54/58 | €50,700 | €122,261 | +€71,561 | +141% |
| Total equity and liabilities | 10/49 | €107,564 | €127,839 | +€20,275 | +18.8% |
| Equity | 10/15 | €80,721 | €102,093 | +€21,372 | +26.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €77,721 | €99,093 | +€21,372 | +27.5% |
| Distributable reserves | 133 | €77,721 | €99,093 | +€21,372 | +27.5% |
| Amounts payable | 17/49 | €26,843 | €25,746 | -€1,097 | -4.1% |
| Amounts payable within one year | 42/48 | €26,843 | €25,746 | -€1,097 | -4.1% |
| Trade debts | 44 | - | €1,053 | +€1,053 | |
| Suppliers | 440/4 | - | €1,053 | +€1,053 | |
| Taxes, remuneration and social security | 45 | €19,590 | €24,693 | +€5,103 | +26.0% |
| Taxes | 450/3 | €19,590 | €24,693 | +€5,103 | +26.0% |
| Other amounts payable | 47/48 | €7,253 | - | -€7,253 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €291 | €406 | +€115 | +39.5% |
| Other operating charges | 640/8 | €628 | €732 | +€104 | +16.6% |
| Gross operating margin | 9900 | €48,549 | €33,526 | -€15,023 | -30.9% |
| Operating profit (loss) | 9901 | €47,630 | €32,388 | -€15,243 | -32.0% |
| Financial charges | 65/66B | €144 | €115 | -€29 | -19.9% |
| Recurring financial charges | 65 | €144 | €115 | -€29 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €47,486 | €32,272 | -€15,214 | -32.0% |
| Income taxes | 67/77 | €12,989 | €10,901 | -€2,089 | -16.1% |
| Profit (loss) for the period | 9904 | €34,497 | €21,372 | -€13,125 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,497 | €21,372 | -€13,125 | -38.0% |
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 22 October 2026 via checked.be.