LIVMATHO: 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.
LIVMATHO
Largest movements
- Cash +€24,153
up €24,153 (+55.8%), from €43,256 to €67,409
mainly Net result for the year (+€25,380) and Receivables within one year (+€2,139)
- Receivables within one year -€2,139
down €2,139 (-100%), from €2,139 to €0
of which Trade receivables: -€1,822
- Reserves +€25,380
up €25,380 (+26.0%), from €97,593 to €122,973
- Tax, wage and social debts -€4,365
down €4,365 (-11.6%), from €37,467 to €33,102
- Gross operating margin -€20,422
down €20,422 (-36.6%), from €55,755 to €35,333
- Taxes -€3,796
down €3,796 (-26.3%), from €14,437 to €10,641
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 | €140,060 | €161,879 | +€21,819 | +15.6% |
| Fixed assets | 21/28 | €195 | €0 | -€195 | -100% |
| Tangible fixed assets | 22/27 | €195 | €0 | -€195 | -100% |
| Furniture and vehicles | 24 | €195 | €0 | -€195 | -100% |
| Current assets | 29/58 | €139,865 | €161,879 | +€22,014 | +15.7% |
| Amounts receivable within one year | 40/41 | €2,139 | €0 | -€2,139 | -100% |
| Trade receivables | 40 | €1,822 | €0 | -€1,822 | -100% |
| Other amounts receivable | 41 | €317 | €0 | -€317 | -100% |
| Current investments | 50/53 | €94,470 | €94,470 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,256 | €67,409 | +€24,153 | +55.8% |
| Total equity and liabilities | 10/49 | €140,060 | €161,879 | +€21,819 | +15.6% |
| Equity | 10/15 | €102,593 | €127,973 | +€25,380 | +24.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €97,593 | €122,973 | +€25,380 | +26.0% |
| Distributable reserves | 133 | €97,593 | €122,973 | +€25,380 | +26.0% |
| Amounts payable | 17/49 | €37,467 | €33,906 | -€3,560 | -9.5% |
| Amounts payable within one year | 42/48 | €37,467 | €33,906 | -€3,560 | -9.5% |
| Taxes, remuneration and social security | 45 | €37,467 | €33,102 | -€4,365 | -11.6% |
| Taxes | 450/3 | €37,467 | €33,102 | -€4,365 | -11.6% |
| Other amounts payable | 47/48 | €0 | €804 | +€804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260 | €195 | -€65 | -24.9% |
| Other operating charges | 640/8 | €603 | €932 | +€329 | +54.6% |
| Gross operating margin | 9900 | €55,755 | €35,333 | -€20,422 | -36.6% |
| Operating profit (loss) | 9901 | €54,892 | €34,206 | -€20,686 | -37.7% |
| Financial income | 75/76B | €2,331 | €1,943 | -€388 | -16.7% |
| Recurring financial income | 75 | €2,331 | €1,943 | -€388 | -16.7% |
| Financial charges | 65/66B | €90 | €128 | +€38 | +42.4% |
| Recurring financial charges | 65 | €90 | €128 | +€38 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €57,133 | €36,020 | -€21,112 | -37.0% |
| Income taxes | 67/77 | €14,437 | €10,641 | -€3,796 | -26.3% |
| Profit (loss) for the period | 9904 | €42,696 | €25,380 | -€17,316 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,696 | €25,380 | -€17,316 | -40.6% |
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 17 October 2026 via checked.be.