LIVIU TRANS: 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.
LIVIU TRANS
Largest movements
- Receivables within one year +€23,705
up €23,705 (+38.7%), from €61,253 to €84,958
of which Trade receivables: +€23,076
- Deferred charges and accrued income +€8,318
up €8,318 (+214%), from €3,882 to €12,201
- Tangible fixed assets -€6,739
down €6,739 (-7.4%), from €91,122 to €84,383
of which Leasing and similar rights: -€8,133
- Cash -€4,266
down €4,266 (-99.0%), from €4,310 to €44
mainly Investment in fixed assets (net) (-€36,825) and Receivables within one year (-€23,705)
- Short-term financial debts +€22,117
new in 2026: €22,117
- Trade debts +€21,925
up €21,925 (+103%), from €21,347 to €43,272
- Debts after one year -€15,397
down €15,397 (-40.3%), from €38,204 to €22,807
- Profit (loss) carried forward -€10,539
down €10,539 (-87.8%), from €12,008 to €1,468
- Tax, wage and social debts +€5,094
up €5,094 (+14.3%), from €35,665 to €40,758
of which Remuneration and social security: +€10,718
- Gross operating margin +€65,590
up €65,590 (+30.8%), from €213,269 to €278,858
- Staff costs +€56,622
up €56,622 (+42.7%), from €132,643 to €189,266
- Other operating charges +€11,867
up €11,867 (+34.3%), from €34,552 to €46,420
- Depreciation +€4,912
up €4,912 (+12.7%), from €38,652 to €43,564
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €162,308 | €183,326 | +€21,019 | +12.9% |
| Fixed assets | 21/28 | €92,862 | €86,123 | -€6,739 | -7.3% |
| Tangible fixed assets | 22/27 | €91,122 | €84,383 | -€6,739 | -7.4% |
| Furniture and vehicles | 24 | €7,541 | €8,935 | +€1,394 | +18.5% |
| Leasing and similar rights | 25 | €83,581 | €75,449 | -€8,133 | -9.7% |
| Financial fixed assets | 28 | €1,740 | €1,740 | = | 0.0% |
| Current assets | 29/58 | €69,446 | €97,203 | +€27,757 | +40.0% |
| Amounts receivable within one year | 40/41 | €61,253 | €84,958 | +€23,705 | +38.7% |
| Trade receivables | 40 | €60,179 | €83,254 | +€23,076 | +38.3% |
| Other amounts receivable | 41 | €1,074 | €1,704 | +€630 | +58.6% |
| Cash at bank and in hand | 54/58 | €4,310 | €44 | -€4,266 | -99.0% |
| Deferred charges and accrued income | 490/1 | €3,882 | €12,201 | +€8,318 | +214% |
| Total equity and liabilities | 10/49 | €162,308 | €183,326 | +€21,019 | +12.9% |
| Equity | 10/15 | €20,068 | €9,528 | -€10,539 | -52.5% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,008 | €1,468 | -€10,539 | -87.8% |
| Amounts payable | 17/49 | €142,240 | €173,798 | +€31,558 | +22.2% |
| Amounts payable after more than one year | 17 | €38,204 | €22,807 | -€15,397 | -40.3% |
| Financial debts | 170/4 | €38,204 | €22,807 | -€15,397 | -40.3% |
| Amounts payable within one year | 42/48 | €104,036 | €150,991 | +€46,955 | +45.1% |
| Current portion of amounts payable after more than one year | 42 | €37,887 | €38,858 | +€971 | +2.6% |
| Financial debts | 43 | - | €22,117 | +€22,117 | |
| Credit institutions | 430/8 | - | €22,117 | +€22,117 | |
| Trade debts | 44 | €21,347 | €43,272 | +€21,925 | +103% |
| Suppliers | 440/4 | €21,347 | €43,272 | +€21,925 | +103% |
| Taxes, remuneration and social security | 45 | €35,665 | €40,758 | +€5,094 | +14.3% |
| Taxes | 450/3 | €9,378 | €3,753 | -€5,625 | -60.0% |
| Remuneration and social security | 454/9 | €26,287 | €37,005 | +€10,718 | +40.8% |
| Other amounts payable | 47/48 | €9,138 | €5,986 | -€3,152 | -34.5% |
| Non-recurring operating income | 76A | - | €24,325 | +€24,325 | |
| Remuneration, social security and pensions | 62 | €132,643 | €189,266 | +€56,622 | +42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,652 | €43,564 | +€4,912 | +12.7% |
| Other operating charges | 640/8 | €34,552 | €46,420 | +€11,867 | +34.3% |
| Gross operating margin | 9900 | €213,269 | €278,858 | +€65,590 | +30.8% |
| Operating profit (loss) | 9901 | €7,421 | -€391 | -€7,811 | |
| Financial income | 75/76B | €0 | €20 | +€20 | +202,800% |
| Recurring financial income | 75 | €0 | €20 | +€20 | +202,800% |
| Financial charges | 65/66B | €10,136 | €10,169 | +€33 | +0.3% |
| Recurring financial charges | 65 | €10,136 | €10,169 | +€33 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,715 | -€10,539 | -€7,824 | -288% |
| Profit (loss) for the period | 9904 | -€2,715 | -€10,539 | -€7,824 | -288% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,715 | -€10,539 | -€7,824 | -288% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.