LIVINGSTONE: 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.
LIVINGSTONE
Largest movements
- Receivables within one year +€1.6m
up €1.6m (+381%), from €430,802 to €2.1m
of which Trade receivables: +€1.6m
- Advances received +€1.5m
up €1.5m (+2,062%), from €75,000 to €1.6m
- Trade debts +€275,325
up €275,325 (+406%), from €67,787 to €343,112
- Profit (loss) carried forward -€96,716
down €96,716 (-556%), from -€17,400 to -€114,117
- Accrued charges and deferred income -€50,457
down €50,457 (-100%), from €50,457 to €0
- Other debts -€31,195
down €31,195 (-12.6%), from €246,723 to €215,528
- Gross operating margin -€86,605
down €86,605, from €6,390 to -€80,215
- Other operating charges +€2,610
up €2,610 (+53.6%), from €4,865 to €7,475
- Financial charges +€2,451
up €2,451 (+128%), from €1,920 to €4,371
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 | €445,126 | €2,080,204 | +€1.6m | +367% |
| Fixed assets | 21/28 | €9,930 | €7,446 | -€2,484 | -25.0% |
| Tangible fixed assets | 22/27 | €9,930 | €7,446 | -€2,484 | -25.0% |
| Plant, machinery and equipment | 23 | €9,930 | €7,446 | -€2,484 | -25.0% |
| Current assets | 29/58 | €435,196 | €2,072,758 | +€1.6m | +376% |
| Amounts receivable within one year | 40/41 | €430,802 | €2,070,177 | +€1.6m | +381% |
| Trade receivables | 40 | €416,955 | €2,052,866 | +€1.6m | +392% |
| Other amounts receivable | 41 | €13,846 | €17,311 | +€3,465 | +25.0% |
| Cash at bank and in hand | 54/58 | €4,395 | €2,581 | -€1,814 | -41.3% |
| Total equity and liabilities | 10/49 | €445,126 | €2,080,204 | +€1.6m | +367% |
| Equity | 10/15 | -€3,000 | -€99,717 | -€96,716 | -3,224% |
| Contributions | 10/11 | €14,400 | €14,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,400 | -€114,117 | -€96,716 | -556% |
| Amounts payable | 17/49 | €448,126 | €2,179,921 | +€1.7m | +386% |
| Amounts payable within one year | 42/48 | €397,670 | €2,179,921 | +€1.8m | +448% |
| Trade debts | 44 | €67,787 | €343,112 | +€275,325 | +406% |
| Suppliers | 440/4 | €67,787 | €343,112 | +€275,325 | +406% |
| Advances received on contracts in progress | 46 | €75,000 | €1,621,280 | +€1.5m | +2,062% |
| Taxes, remuneration and social security | 45 | €8,160 | €0 | -€8,160 | -100% |
| Taxes | 450/3 | €8,160 | €0 | -€8,160 | -100% |
| Other amounts payable | 47/48 | €246,723 | €215,528 | -€31,195 | -12.6% |
| Accrued charges and deferred income | 492/3 | €50,457 | €0 | -€50,457 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,390 | €4,716 | +€327 | +7.4% |
| Other operating charges | 640/8 | €4,865 | €7,475 | +€2,610 | +53.6% |
| Gross operating margin | 9900 | €6,390 | -€80,215 | -€86,605 | |
| Operating profit (loss) | 9901 | -€2,865 | -€92,407 | -€89,542 | -3,126% |
| Financial income | 75/76B | €0 | €61 | +€61 | |
| Recurring financial income | 75 | €0 | €61 | +€61 | |
| Financial charges | 65/66B | €1,920 | €4,371 | +€2,451 | +128% |
| Recurring financial charges | 65 | €1,920 | €4,371 | +€2,451 | +128% |
| Profit (loss) for the period before taxes | 9903 | -€4,785 | -€96,716 | -€91,931 | -1,921% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€4,785 | -€96,716 | -€91,931 | -1,921% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,785 | -€96,716 | -€91,931 | -1,921% |
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 14 October 2026 via checked.be.