LIVWELL: 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.
LIVWELL
Largest movements
- Cash +€428,256
up €428,256 (+505%), from €84,867 to €513,123
mainly Current investments (+€190,000) and Investment in fixed assets (net) (+€178,626)
- Current investments -€190,000
down €190,000 (-50.0%), from €380,000 to €190,000
- Financial fixed assets -€178,626
down €178,626 (-78.5%), from €227,626 to €49,000
- Receivables within one year -€29,298
down €29,298 (-48.2%), from €60,815 to €31,517
of which Trade receivables: -€20,827
- Reserves -€167,533
down €167,533 (-48.1%), from €347,971 to €180,438
of which Distributable reserves: -€167,533
- Other debts +€154,657
new in 2024: €154,657
- Profit (loss) carried forward +€52,288
up €52,288 (+11.0%), from €476,360 to €528,648
- Trade debts -€13,260
down €13,260 (-46.0%), from €28,854 to €15,594
- Financial income +€78,650
up €78,650 (+1,680%), from €4,681 to €83,331
of which Non-recurring financial income: +€66,232
- Taxes +€17,267
up €17,267 (+1,047%), from €1,649 to €18,916
- Financial charges +€17,153
up €17,153 (+534%), from €3,213 to €20,365
- Depreciation -€4,459
down €4,459 (-74.0%), from €6,023 to €1,564
- Gross operating margin +€2,019
up €2,019 (+24.6%), from €8,212 to €10,230
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €894,889 | €928,656 | +€33,767 | +3.8% |
| Fixed assets | 21/28 | €233,475 | €53,285 | -€180,190 | -77.2% |
| Tangible fixed assets | 22/27 | €5,849 | €4,285 | -€1,564 | -26.7% |
| Furniture and vehicles | 24 | €5,849 | €4,285 | -€1,564 | -26.7% |
| Financial fixed assets | 28 | €227,626 | €49,000 | -€178,626 | -78.5% |
| Current assets | 29/58 | €661,415 | €875,372 | +€213,957 | +32.3% |
| Stocks and contracts in progress | 3 | €135,733 | €140,732 | +€4,999 | +3.7% |
| Stocks | 30/36 | €135,733 | €140,732 | +€4,999 | +3.7% |
| Amounts receivable within one year | 40/41 | €60,815 | €31,517 | -€29,298 | -48.2% |
| Trade receivables | 40 | €46,602 | €25,775 | -€20,827 | -44.7% |
| Other amounts receivable | 41 | €14,213 | €5,742 | -€8,470 | -59.6% |
| Current investments | 50/53 | €380,000 | €190,000 | -€190,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €84,867 | €513,123 | +€428,256 | +505% |
| Total equity and liabilities | 10/49 | €894,889 | €928,656 | +€33,767 | +3.8% |
| Equity | 10/15 | €830,531 | €715,286 | -€115,245 | -13.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €347,971 | €180,438 | -€167,533 | -48.1% |
| Non-distributable reserves | 130/1 | €9,613 | €9,613 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,613 | €9,613 | = | 0.0% |
| Distributable reserves | 133 | €338,358 | €170,824 | -€167,533 | -49.5% |
| Profit (loss) carried forward | 14 | €476,360 | €528,648 | +€52,288 | +11.0% |
| Amounts payable | 17/49 | €64,358 | €213,370 | +€149,013 | +232% |
| Amounts payable after more than one year | 17 | €20,000 | €21,123 | +€1,123 | +5.6% |
| Other amounts payable | 178/9 | €20,000 | €21,123 | +€1,123 | +5.6% |
| Amounts payable within one year | 42/48 | €44,358 | €192,248 | +€147,890 | +333% |
| Trade debts | 44 | €28,854 | €15,594 | -€13,260 | -46.0% |
| Suppliers | 440/4 | €28,854 | €15,594 | -€13,260 | -46.0% |
| Taxes, remuneration and social security | 45 | €15,504 | €21,997 | +€6,494 | +41.9% |
| Taxes | 450/3 | €15,504 | €21,997 | +€6,494 | +41.9% |
| Other amounts payable | 47/48 | - | €154,657 | +€154,657 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,023 | €1,564 | -€4,459 | -74.0% |
| Other operating charges | 640/8 | €1,323 | €428 | -€895 | -67.7% |
| Gross operating margin | 9900 | €8,212 | €10,230 | +€2,019 | +24.6% |
| Operating profit (loss) | 9901 | €865 | €8,238 | +€7,373 | +852% |
| Financial income | 75/76B | €4,681 | €83,331 | +€78,650 | +1,680% |
| Recurring financial income | 75 | €4,681 | €17,100 | +€12,418 | +265% |
| Non-recurring financial income | 76B | - | €66,232 | +€66,232 | |
| Financial charges | 65/66B | €3,213 | €20,365 | +€17,153 | +534% |
| Recurring financial charges | 65 | €3,213 | €20,365 | +€17,153 | +534% |
| Profit (loss) for the period before taxes | 9903 | €2,334 | €71,204 | +€68,870 | +2,951% |
| Income taxes | 67/77 | €1,649 | €18,916 | +€17,267 | +1,047% |
| Profit (loss) for the period | 9904 | €684 | €52,288 | +€51,603 | +7,539% |
| Profit (loss) for the period to be appropriated | 9905 | €684 | €52,288 | +€51,603 | +7,539% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.