LIVID: 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.
LIVID
Largest movements
- Receivables within one year -€60,350
down €60,350 (-42.0%), from €143,821 to €83,472
of which Trade receivables: -€49,149
- Tangible fixed assets -€36,454
down €36,454 (-32.8%), from €111,250 to €74,796
of which Furniture and vehicles: -€23,767
- Cash -€5,621
down €5,621 (-16.6%), from €33,799 to €28,177
mainly Net result for the year (-€73,070) and Short-term financial debts (-€55,000)
- Deferred charges and accrued income +€4,610
up €4,610 (+114.3%), from €4,033 to €8,643
- Intangible fixed assets -€3,845
down €3,845 (-82.2%), from €4,680 to €834
- Profit (loss) carried forward -€73,070
down €73,070 (-88.3%), from -€82,755 to -€155,825
- Other debts +€59,531
up €59,531 (+61.2%), from €97,303 to €156,833
- Short-term financial debts -€55,000
down €55,000 (-44.0%), from €125,000 to €70,000
- Tax, wage and social debts -€19,914
down €19,914 (-42.6%), from €46,782 to €26,868
of which Remuneration and social security: -€14,705
- Trade debts -€11,211
down €11,211 (-32.8%), from €34,171 to €22,960
- Staff costs -€242,623
down €242,623 (-63.4%), from €382,412 to €139,789
- Gross operating margin -€225,613
down €225,613 (-66.2%), from €340,939 to €115,326
- Depreciation -€14,038
down €14,038 (-25.8%), from €54,507 to €40,469
- Financial charges -€8,636
down €8,636 (-50.4%), from €17,125 to €8,489
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 | €305,848 | €203,109 | -€102,740 | -33.6% |
| Formation expenses | 20 | €8,223 | €7,144 | -€1,079 | -13.1% |
| Fixed assets | 21/28 | €115,930 | €75,631 | -€40,299 | -34.8% |
| Intangible fixed assets | 21 | €4,680 | €834 | -€3,845 | -82.2% |
| Tangible fixed assets | 22/27 | €111,250 | €74,796 | -€36,454 | -32.8% |
| Plant, machinery and equipment | 23 | €1,999 | €541 | -€1,458 | -72.9% |
| Furniture and vehicles | 24 | €41,603 | €17,836 | -€23,767 | -57.1% |
| Other tangible fixed assets | 26 | €67,648 | €56,420 | -€11,228 | -16.6% |
| Current assets | 29/58 | €181,695 | €120,334 | -€61,361 | -33.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €143,821 | €83,472 | -€60,350 | -42.0% |
| Trade receivables | 40 | €131,762 | €82,613 | -€49,149 | -37.3% |
| Other amounts receivable | 41 | €12,060 | €859 | -€11,201 | -92.9% |
| Current investments | 50/53 | €42 | €42 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,799 | €28,177 | -€5,621 | -16.6% |
| Deferred charges and accrued income | 490/1 | €4,033 | €8,643 | +€4,610 | +114.3% |
| Total equity and liabilities | 10/49 | €305,848 | €203,109 | -€102,740 | -33.6% |
| Equity | 10/15 | -€10,805 | -€83,875 | -€73,070 | -676.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €65,750 | €65,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €65,750 | €65,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,755 | -€155,825 | -€73,070 | -88.3% |
| Amounts payable | 17/49 | €316,653 | €286,983 | -€29,670 | -9.4% |
| Amounts payable after more than one year | 17 | €2,338 | €0 | -€2,338 | -100.0% |
| Financial debts | 170/4 | €2,338 | €0 | -€2,338 | -100.0% |
| Amounts payable within one year | 42/48 | €312,513 | €278,999 | -€33,514 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €9,258 | €2,338 | -€6,920 | -74.7% |
| Financial debts | 43 | €125,000 | €70,000 | -€55,000 | -44.0% |
| Credit institutions | 430/8 | €125,000 | €70,000 | -€55,000 | -44.0% |
| Trade debts | 44 | €34,171 | €22,960 | -€11,211 | -32.8% |
| Suppliers | 440/4 | €34,171 | €22,960 | -€11,211 | -32.8% |
| Taxes, remuneration and social security | 45 | €46,782 | €26,868 | -€19,914 | -42.6% |
| Taxes | 450/3 | €10,616 | €5,407 | -€5,209 | -49.1% |
| Remuneration and social security | 454/9 | €36,166 | €21,461 | -€14,705 | -40.7% |
| Other amounts payable | 47/48 | €97,303 | €156,833 | +€59,531 | +61.2% |
| Accrued charges and deferred income | 492/3 | €1,802 | €7,984 | +€6,183 | +343.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €382,412 | €139,789 | -€242,623 | -63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,507 | €40,469 | -€14,038 | -25.8% |
| Other operating charges | 640/8 | €2,241 | €631 | -€1,611 | -71.9% |
| Non-recurring operating charges | 66A | €1,726 | €909 | -€817 | -47.3% |
| Gross operating margin | 9900 | €340,939 | €115,326 | -€225,613 | -66.2% |
| Operating profit (loss) | 9901 | -€99,948 | -€66,472 | +€33,476 | +33.5% |
| Financial income | 75/76B | €2,733 | €2,288 | -€445 | -16.3% |
| Recurring financial income | 75 | €2,733 | €2,288 | -€445 | -16.3% |
| Financial charges | 65/66B | €17,125 | €8,489 | -€8,636 | -50.4% |
| Recurring financial charges | 65 | €17,125 | €8,489 | -€8,636 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | -€114,340 | -€72,673 | +€41,667 | +36.4% |
| Income taxes | 67/77 | €950 | €397 | -€553 | -58.2% |
| Profit (loss) for the period | 9904 | -€115,290 | -€73,070 | +€42,220 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€115,290 | -€73,070 | +€42,220 | +36.6% |
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 12 October 2026 via checked.be.