LIVOLT: 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.
LIVOLT
Largest movements
- Tangible fixed assets -€13,040
down €13,040 (-9.1%), from €143,619 to €130,580
of which Land and buildings: -€9,475
- Cash +€3,143
up €3,143 (+1,049%), from €300 to €3,443
mainly Depreciation (+€14,232) and Net result for the year (+€13,600)
- Trade debts -€18,175
down €18,175 (-64.9%), from €28,009 to €9,835
- Profit (loss) carried forward +€13,600
up €13,600 (+48.3%), from -€28,141 to -€14,541
- Debts after one year -€6,379
down €6,379 (-4.6%), from €138,147 to €131,769
- Tax, wage and social debts -€3,773
no longer reported in 2025 (was €3,773)
- Other debts +€1,894
up €1,894 (+47.6%), from €3,982 to €5,876
- Gross operating margin +€15,317
up €15,317 (+77.2%), from €19,842 to €35,160
- Financial charges -€826
down €826 (-12.2%), from €6,773 to €5,947
- Depreciation +€473
up €473 (+3.4%), from €13,758 to €14,232
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 | €172,012 | €159,317 | -€12,695 | -7.4% |
| Fixed assets | 21/28 | €150,941 | €136,710 | -€14,232 | -9.4% |
| Intangible fixed assets | 21 | €7,322 | €6,130 | -€1,192 | -16.3% |
| Tangible fixed assets | 22/27 | €143,619 | €130,580 | -€13,040 | -9.1% |
| Land and buildings | 22 | €135,579 | €126,104 | -€9,475 | -7.0% |
| Plant, machinery and equipment | 23 | €1,901 | €1,471 | -€430 | -22.6% |
| Furniture and vehicles | 24 | €5,129 | €2,343 | -€2,786 | -54.3% |
| Other tangible fixed assets | 26 | €1,011 | €661 | -€349 | -34.6% |
| Current assets | 29/58 | €21,071 | €22,607 | +€1,537 | +7.3% |
| Stocks and contracts in progress | 3 | €1,090 | €1,180 | +€91 | +8.3% |
| Stocks | 30/36 | €1,090 | €1,180 | +€91 | +8.3% |
| Amounts receivable within one year | 40/41 | €16,746 | €15,924 | -€822 | -4.9% |
| Trade receivables | 40 | €13,417 | €12,667 | -€749 | -5.6% |
| Other amounts receivable | 41 | €3,329 | €3,256 | -€73 | -2.2% |
| Cash at bank and in hand | 54/58 | €300 | €3,443 | +€3,143 | +1,049% |
| Deferred charges and accrued income | 490/1 | €2,936 | €2,061 | -€875 | -29.8% |
| Total equity and liabilities | 10/49 | €172,012 | €159,317 | -€12,695 | -7.4% |
| Equity | 10/15 | -€8,141 | €5,459 | +€13,600 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,141 | -€14,541 | +€13,600 | +48.3% |
| Amounts payable | 17/49 | €180,153 | €153,858 | -€26,295 | -14.6% |
| Amounts payable after more than one year | 17 | €138,147 | €131,769 | -€6,379 | -4.6% |
| Financial debts | 170/4 | €138,147 | €131,769 | -€6,379 | -4.6% |
| Amounts payable within one year | 42/48 | €42,006 | €22,090 | -€19,916 | -47.4% |
| Current portion of amounts payable after more than one year | 42 | €6,242 | €6,379 | +€137 | +2.2% |
| Trade debts | 44 | €28,009 | €9,835 | -€18,175 | -64.9% |
| Suppliers | 440/4 | €28,009 | €9,835 | -€18,175 | -64.9% |
| Taxes, remuneration and social security | 45 | €3,773 | - | -€3,773 | |
| Remuneration and social security | 454/9 | €3,773 | - | -€3,773 | |
| Other amounts payable | 47/48 | €3,982 | €5,876 | +€1,894 | +47.6% |
| Remuneration, social security and pensions | 62 | €58 | €318 | +€260 | +445% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,758 | €14,232 | +€473 | +3.4% |
| Other operating charges | 640/8 | €954 | €1,184 | +€230 | +24.1% |
| Gross operating margin | 9900 | €19,842 | €35,160 | +€15,317 | +77.2% |
| Operating profit (loss) | 9901 | €5,072 | €19,426 | +€14,354 | +283% |
| Financial income | 75/76B | €239 | €122 | -€117 | -49.0% |
| Recurring financial income | 75 | €239 | €122 | -€117 | -49.0% |
| Financial charges | 65/66B | €6,773 | €5,947 | -€826 | -12.2% |
| Recurring financial charges | 65 | €6,773 | €5,947 | -€826 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,463 | €13,601 | +€15,063 | |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€1,463 | €13,600 | +€15,063 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,463 | €13,600 | +€15,063 |
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 24 October 2026 via checked.be.