LIVINUS: what changed
Two fiscal 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.
LIVINUS
Largest movements
- Tangible fixed assets +€195,854
up €195,854 (+69.8%), from €280,452 to €476,306
of which Other tangible fixed assets: +€225,697
- Cash +€195,460
up €195,460 (+194.8%), from €100,351 to €295,811
mainly Debts after one year (+€173,841) and Current investments (+€150,000)
- Current investments -€150,000
down €150,000 (-100.0%), from €150,048 to €48
- Debts after one year +€173,841
up €173,841 (+132.0%), from €131,702 to €305,543
- Reserves +€46,984
up €46,984 (+13.0%), from €361,108 to €408,092
- Trade debts +€21,899
up €21,899 (+233.8%), from €9,366 to €31,265
- Gross operating margin +€70,440
up €70,440 (+49.5%), from €142,373 to €212,814
- Depreciation +€51,630
up €51,630 (+159.7%), from €32,321 to €83,951
- Taxes +€7,651
up €7,651 (+28.1%), from €27,250 to €34,901
- Financial income +€5,060
up €5,060 (+1677.7%), from €302 to €5,361
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 | €568,056 | €812,474 | +€244,418 | +43.0% |
| Fixed assets | 21/28 | €280,452 | €476,306 | +€195,854 | +69.8% |
| Tangible fixed assets | 22/27 | €280,452 | €476,306 | +€195,854 | +69.8% |
| Land and buildings | 22 | €201,894 | €185,830 | -€16,064 | -8.0% |
| Plant, machinery and equipment | 23 | €718 | €564 | -€154 | -21.4% |
| Furniture and vehicles | 24 | €25,598 | €11,972 | -€13,625 | -53.2% |
| Other tangible fixed assets | 26 | €52,242 | €277,938 | +€225,697 | +432.0% |
| Current assets | 29/58 | €287,605 | €336,169 | +€48,564 | +16.9% |
| Amounts receivable within one year | 40/41 | €35,628 | €38,349 | +€2,722 | +7.6% |
| Trade receivables | 40 | €20,861 | €23,598 | +€2,737 | +13.1% |
| Other amounts receivable | 41 | €14,767 | €14,752 | -€15 | -0.1% |
| Current investments | 50/53 | €150,048 | €48 | -€150,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €100,351 | €295,811 | +€195,460 | +194.8% |
| Deferred charges and accrued income | 490/1 | €1,578 | €1,960 | +€382 | +24.2% |
| Total equity and liabilities | 10/49 | €568,056 | €812,474 | +€244,418 | +43.0% |
| Equity | 10/15 | €373,508 | €420,492 | +€46,984 | +12.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €361,108 | €408,092 | +€46,984 | +13.0% |
| Distributable reserves | 133 | €361,108 | €408,092 | +€46,984 | +13.0% |
| Amounts payable | 17/49 | €194,548 | €391,983 | +€197,434 | +101.5% |
| Amounts payable after more than one year | 17 | €131,702 | €305,543 | +€173,841 | +132.0% |
| Financial debts | 170/4 | €131,702 | €305,543 | +€173,841 | +132.0% |
| Amounts payable within one year | 42/48 | €62,300 | €86,440 | +€24,140 | +38.7% |
| Current portion of amounts payable after more than one year | 42 | €26,162 | €21,440 | -€4,723 | -18.1% |
| Trade debts | 44 | €9,366 | €31,265 | +€21,899 | +233.8% |
| Suppliers | 440/4 | €9,366 | €31,265 | +€21,899 | +233.8% |
| Taxes, remuneration and social security | 45 | €19,000 | €26,314 | +€7,314 | +38.5% |
| Taxes | 450/3 | €16,518 | €26,314 | +€9,796 | +59.3% |
| Remuneration and social security | 454/9 | €2,482 | - | -€2,482 | |
| Other amounts payable | 47/48 | €7,772 | €7,421 | -€350 | -4.5% |
| Accrued charges and deferred income | 492/3 | €547 | - | -€547 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,321 | €83,951 | +€51,630 | +159.7% |
| Other operating charges | 640/8 | €3,513 | €4,004 | +€490 | +14.0% |
| Gross operating margin | 9900 | €142,373 | €212,814 | +€70,440 | +49.5% |
| Operating profit (loss) | 9901 | €106,540 | €124,860 | +€18,320 | +17.2% |
| Financial income | 75/76B | €302 | €5,361 | +€5,060 | +1677.7% |
| Recurring financial income | 75 | €302 | €5,361 | +€5,060 | +1677.7% |
| Financial charges | 65/66B | €5,810 | €6,729 | +€919 | +15.8% |
| Recurring financial charges | 65 | €5,810 | €6,729 | +€919 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €101,031 | €123,492 | +€22,461 | +22.2% |
| Income taxes | 67/77 | €27,250 | €34,901 | +€7,651 | +28.1% |
| Profit (loss) for the period | 9904 | €73,781 | €88,592 | +€14,810 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,781 | €88,592 | +€14,810 | +20.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.