LIVROPPEM: 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.
LIVROPPEM
Largest movements
- Receivables within one year +€22,822
up €22,822 (+115%), from €19,790 to €42,612
of which Other amounts receivable: +€18,560
- Tangible fixed assets -€7,027
down €7,027 (-20.6%), from €34,150 to €27,123
of which Furniture and vehicles: -€7,291
- Cash +€6,793
up €6,793 (+118%), from €5,780 to €12,573
mainly Net result for the year (+€19,171) and Tax, wage and social debts (+€8,376)
- Reserves +€21,400
up €21,400 (+94.2%), from €22,718 to €44,118
of which Distributable reserves: +€21,400
- Tax, wage and social debts +€8,376
up €8,376 (+134%), from €6,238 to €14,614
- Debts after one year -€6,057
down €6,057 (-56.3%), from €10,762 to €4,705
- Gross operating margin +€15,110
up €15,110 (+60.0%), from €25,164 to €40,274
- Taxes +€5,052
up €5,052 (+72.0%), from €7,020 to €12,072
- Depreciation +€4,617
up €4,617 (+146%), from €3,156 to €7,774
- Purchases and services -€2,918
down €2,918 (-10.7%), from €27,254 to €24,336
- Other operating charges -€492
down €492 (-51.8%), from €950 to €458
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 | €259,144 | €281,732 | +€22,588 | +8.7% |
| Fixed assets | 21/28 | €34,150 | €27,123 | -€7,027 | -20.6% |
| Tangible fixed assets | 22/27 | €34,150 | €27,123 | -€7,027 | -20.6% |
| Plant, machinery and equipment | 23 | €804 | €1,068 | +€263 | +32.8% |
| Furniture and vehicles | 24 | €33,346 | €26,056 | -€7,291 | -21.9% |
| Current assets | 29/58 | €224,994 | €254,609 | +€29,615 | +13.2% |
| Amounts receivable after more than one year | 29 | €199,423 | €199,423 | = | 0.0% |
| Other amounts receivable | 291 | €199,423 | €199,423 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,790 | €42,612 | +€22,822 | +115% |
| Trade receivables | 40 | - | €4,263 | +€4,263 | |
| Other amounts receivable | 41 | €19,790 | €38,350 | +€18,560 | +93.8% |
| Cash at bank and in hand | 54/58 | €5,780 | €12,573 | +€6,793 | +118% |
| Total equity and liabilities | 10/49 | €259,144 | €281,732 | +€22,588 | +8.7% |
| Equity | 10/15 | €232,261 | €251,432 | +€19,171 | +8.3% |
| Contributions | 10/11 | €37,084 | €37,084 | = | 0.0% |
| Reserves | 13 | €22,718 | €44,118 | +€21,400 | +94.2% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €19,000 | €40,400 | +€21,400 | +113% |
| Profit (loss) carried forward | 14 | €172,459 | €170,230 | -€2,229 | -1.3% |
| Amounts payable | 17/49 | €26,883 | €30,299 | +€3,417 | +12.7% |
| Amounts payable after more than one year | 17 | €10,762 | €4,705 | -€6,057 | -56.3% |
| Financial debts | 170/4 | €10,762 | €4,705 | -€6,057 | -56.3% |
| Amounts payable within one year | 42/48 | €16,121 | €25,594 | +€9,474 | +58.8% |
| Current portion of amounts payable after more than one year | 42 | €6,849 | €6,968 | +€119 | +1.7% |
| Trade debts | 44 | €3,034 | €4,013 | +€979 | +32.3% |
| Suppliers | 440/4 | €3,034 | €4,013 | +€979 | +32.3% |
| Taxes, remuneration and social security | 45 | €6,238 | €14,614 | +€8,376 | +134% |
| Taxes | 450/3 | €6,238 | €14,614 | +€8,376 | +134% |
| Goods, raw materials, services and sundry goods | 60/61 | €27,254 | €24,336 | -€2,918 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,156 | €7,774 | +€4,617 | +146% |
| Other operating charges | 640/8 | €950 | €458 | -€492 | -51.8% |
| Gross operating margin | 9900 | €25,164 | €40,274 | +€15,110 | +60.0% |
| Operating profit (loss) | 9901 | €21,058 | €32,043 | +€10,985 | +52.2% |
| Financial income | 75/76B | €166 | - | -€166 | |
| Recurring financial income | 75 | €36 | - | -€36 | |
| Non-recurring financial income | 76B | €130 | - | -€130 | |
| Financial charges | 65/66B | €541 | €799 | +€258 | +47.7% |
| Recurring financial charges | 65 | €541 | €799 | +€258 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | €20,682 | €31,244 | +€10,561 | +51.1% |
| Income taxes | 67/77 | €7,020 | €12,072 | +€5,052 | +72.0% |
| Profit (loss) for the period | 9904 | €13,662 | €19,171 | +€5,509 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,662 | €19,171 | +€5,509 | +40.3% |
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 18 October 2026 via checked.be.