LIVIS-LAFORGE: 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.
LIVIS-LAFORGE
Largest movements
- Stocks and contracts +€648,420
up €648,420 (+125%), from €519,224 to €1.2m
- Cash +€183,366
up €183,366 (+758%), from €24,188 to €207,554
mainly Net result for the year (+€233,519) and Debts after one year (+€201,134)
- Receivables within one year +€111,642
up €111,642 (+124%), from €89,707 to €201,350
of which Other amounts receivable: +€80,635
- Tangible fixed assets +€104,079
up €104,079 (+389%), from €26,768 to €130,847
- Profit (loss) carried forward +€313,187
up €313,187 (+270%), from €116,022 to €429,209
- Debts after one year +€201,134
up €201,134 (+237%), from €85,000 to €286,134
of which Financial debts: +€286,134
- Other debts +€175,037
up €175,037 (+134%), from €130,884 to €305,921
- Tax, wage and social debts +€127,780
up €127,780 (+738%), from €17,325 to €145,105
of which Taxes: +€92,405
- Current portion of long-term debt +€82,241
up €82,241, from €0 to €82,241
- Gross operating margin +€370,569
up €370,569 (+240%), from €154,676 to €525,245
- Staff costs +€88,676
up €88,676 (+116%), from €76,539 to €165,215
- Taxes +€68,918
up €68,918 (+411%), from €16,752 to €85,670
- Depreciation +€20,073
up €20,073 (+245%), from €8,209 to €28,282
- Financial charges +€10,020
up €10,020 (+111%), from €9,063 to €19,083
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 | €748,534 | €1,786,948 | +€1.0m | +139% |
| Fixed assets | 21/28 | €111,768 | €209,388 | +€97,620 | +87.3% |
| Intangible fixed assets | 21 | €85,000 | €78,542 | -€6,458 | -7.6% |
| Tangible fixed assets | 22/27 | €26,768 | €130,847 | +€104,079 | +389% |
| Other tangible fixed assets | 26 | €26,768 | €130,847 | +€104,079 | +389% |
| Current assets | 29/58 | €636,766 | €1,577,559 | +€940,794 | +148% |
| Stocks and contracts in progress | 3 | €519,224 | €1,167,644 | +€648,420 | +125% |
| Stocks | 30/36 | €519,224 | €1,167,644 | +€648,420 | +125% |
| Amounts receivable within one year | 40/41 | €89,707 | €201,350 | +€111,642 | +124% |
| Trade receivables | 40 | €5,342 | €36,350 | +€31,007 | +580% |
| Other amounts receivable | 41 | €84,365 | €165,000 | +€80,635 | +95.6% |
| Cash at bank and in hand | 54/58 | €24,188 | €207,554 | +€183,366 | +758% |
| Deferred charges and accrued income | 490/1 | €3,647 | €1,012 | -€2,635 | -72.3% |
| Total equity and liabilities | 10/49 | €748,534 | €1,786,948 | +€1.0m | +139% |
| Equity | 10/15 | €286,022 | €674,209 | +€388,187 | +136% |
| Contributions | 10/11 | €170,000 | €245,000 | +€75,000 | +44.1% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €116,022 | €429,209 | +€313,187 | +270% |
| Amounts payable | 17/49 | €462,512 | €1,112,738 | +€650,227 | +141% |
| Amounts payable after more than one year | 17 | €85,000 | €286,134 | +€201,134 | +237% |
| Financial debts | 170/4 | - | €286,134 | +€286,134 | |
| Other amounts payable | 178/9 | €85,000 | €0 | -€85,000 | -100% |
| Amounts payable within one year | 42/48 | €374,410 | €817,999 | +€443,588 | +118% |
| Current portion of amounts payable after more than one year | 42 | €0 | €82,241 | +€82,241 | |
| Financial debts | 43 | €31,888 | €110,334 | +€78,446 | +246% |
| Credit institutions | 430/8 | €5,888 | €10,334 | +€4,446 | +75.5% |
| Other loans | 439 | €26,000 | €100,000 | +€74,000 | +285% |
| Trade debts | 44 | €194,314 | €174,397 | -€19,917 | -10.2% |
| Suppliers | 440/4 | €194,314 | €174,397 | -€19,917 | -10.2% |
| Taxes, remuneration and social security | 45 | €17,325 | €145,105 | +€127,780 | +738% |
| Taxes | 450/3 | €7,104 | €99,509 | +€92,405 | +1,301% |
| Remuneration and social security | 454/9 | €10,221 | €45,596 | +€35,375 | +346% |
| Other amounts payable | 47/48 | €130,884 | €305,921 | +€175,037 | +134% |
| Accrued charges and deferred income | 492/3 | €3,101 | €8,606 | +€5,504 | +177% |
| Remuneration, social security and pensions | 62 | €76,539 | €165,215 | +€88,676 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,209 | €28,282 | +€20,073 | +245% |
| Other operating charges | 640/8 | €569 | €1,130 | +€561 | +98.5% |
| Gross operating margin | 9900 | €154,676 | €525,245 | +€370,569 | +240% |
| Operating profit (loss) | 9901 | €69,359 | €330,618 | +€261,259 | +377% |
| Financial income | 75/76B | €4,060 | €7,654 | +€3,595 | +88.6% |
| Recurring financial income | 75 | €4,060 | €7,654 | +€3,595 | +88.6% |
| Financial charges | 65/66B | €9,063 | €19,083 | +€10,020 | +111% |
| Recurring financial charges | 65 | €9,063 | €19,083 | +€10,020 | +111% |
| Profit (loss) for the period before taxes | 9903 | €64,355 | €319,189 | +€254,834 | +396% |
| Income taxes | 67/77 | €16,752 | €85,670 | +€68,918 | +411% |
| Profit (loss) for the period | 9904 | €47,603 | €233,519 | +€185,916 | +391% |
| Profit (loss) for the period to be appropriated | 9905 | €47,603 | €233,519 | +€185,916 | +391% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.