LIVINGEST: 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.
LIVINGEST
Largest movements
- Tangible fixed assets +€300,472
up €300,472 (+14.4%), from €2.1m to €2.4m
of which Land and buildings: +€433,803
- Cash -€94,242
down €94,242 (-23.6%), from €398,750 to €304,507
mainly Investment in fixed assets (net) (-€423,720) and Other debts (-€67,453)
- Short-term financial debts +€150,000
new in 2025: €150,000
- Debts after one year +€87,646
up €87,646 (+9.7%), from €904,330 to €991,975
- Other debts -€67,453
down €67,453 (-14.0%), from €480,615 to €413,162
- Current portion of long-term debt +€37,814
up €37,814 (+49.7%), from €76,159 to €113,973
- Depreciation +€57,388
up €57,388 (+87.2%), from €65,841 to €123,229
- Other operating charges -€45,243
down €45,243 (-53.4%), from €84,723 to €39,479
- Gross operating margin -€44,288
down €44,288 (-14.1%), from €313,490 to €269,202
- Financial charges +€20,030
up €20,030 (+35.2%), from €56,864 to €76,894
- Taxes -€19,230
down €19,230 (-67.0%), from €28,697 to €9,467
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 | €2,935,963 | €3,167,406 | +€231,443 | +7.9% |
| Fixed assets | 21/28 | €2,089,498 | €2,389,988 | +€300,491 | +14.4% |
| Tangible fixed assets | 22/27 | €2,089,473 | €2,389,944 | +€300,472 | +14.4% |
| Land and buildings | 22 | €1,956,142 | €2,389,944 | +€433,803 | +22.2% |
| Assets under construction and advance payments | 27 | €133,331 | - | -€133,331 | |
| Financial fixed assets | 28 | €25 | €44 | +€19 | +75.4% |
| Current assets | 29/58 | €846,465 | €777,418 | -€69,047 | -8.2% |
| Amounts receivable within one year | 40/41 | €444,153 | €462,430 | +€18,276 | +4.1% |
| Trade receivables | 40 | €70,735 | €147,913 | +€77,179 | +109% |
| Other amounts receivable | 41 | €373,418 | €314,516 | -€58,902 | -15.8% |
| Cash at bank and in hand | 54/58 | €398,750 | €304,507 | -€94,242 | -23.6% |
| Deferred charges and accrued income | 490/1 | €3,562 | €10,481 | +€6,919 | +194% |
| Total equity and liabilities | 10/49 | €2,935,963 | €3,167,406 | +€231,443 | +7.9% |
| Equity | 10/15 | €1,422,969 | €1,470,679 | +€47,710 | +3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,410,085 | €1,437,084 | +€26,999 | +1.9% |
| Investment grants | 15 | €6,684 | €27,395 | +€20,711 | +310% |
| Amounts payable | 17/49 | €1,512,994 | €1,696,727 | +€183,733 | +12.1% |
| Amounts payable after more than one year | 17 | €904,330 | €991,975 | +€87,646 | +9.7% |
| Financial debts | 170/4 | €904,330 | €991,975 | +€87,646 | +9.7% |
| Amounts payable within one year | 42/48 | €601,864 | €702,423 | +€100,558 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €76,159 | €113,973 | +€37,814 | +49.7% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €22,356 | €7,023 | -€15,332 | -68.6% |
| Suppliers | 440/4 | €22,356 | €7,023 | -€15,332 | -68.6% |
| Taxes, remuneration and social security | 45 | €22,735 | €18,265 | -€4,470 | -19.7% |
| Taxes | 450/3 | €22,735 | €18,265 | -€4,470 | -19.7% |
| Other amounts payable | 47/48 | €480,615 | €413,162 | -€67,453 | -14.0% |
| Accrued charges and deferred income | 492/3 | €6,800 | €2,329 | -€4,471 | -65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,841 | €123,229 | +€57,388 | +87.2% |
| Other operating charges | 640/8 | €84,723 | €39,479 | -€45,243 | -53.4% |
| Gross operating margin | 9900 | €313,490 | €269,202 | -€44,288 | -14.1% |
| Operating profit (loss) | 9901 | €162,927 | €106,493 | -€56,433 | -34.6% |
| Financial income | 75/76B | €7,167 | €7,699 | +€532 | +7.4% |
| Recurring financial income | 75 | €7,167 | €7,699 | +€532 | +7.4% |
| Financial charges | 65/66B | €56,864 | €76,894 | +€20,030 | +35.2% |
| Recurring financial charges | 65 | €56,864 | €76,894 | +€20,030 | +35.2% |
| Profit (loss) for the period before taxes | 9903 | €113,230 | €37,299 | -€75,932 | -67.1% |
| Income taxes | 67/77 | €28,697 | €9,467 | -€19,230 | -67.0% |
| Profit (loss) for the period | 9904 | €84,533 | €27,832 | -€56,702 | -67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €84,533 | €27,832 | -€56,702 | -67.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.