LUST FOR LIVE: 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.
LUST FOR LIVE
Largest movements
- Receivables within one year -€169,670
down €169,670 (-58.5%), from €290,158 to €120,487
of which Trade receivables: -€137,048
- Cash +€103,981
up €103,981 (+99.0%), from €105,074 to €209,055
mainly Receivables within one year (+€169,670) and Short-term financial debts (+€50,000)
- Stocks and contracts +€16,614
up €16,614 (+36.4%), from €45,687 to €62,300
- Current investments +€10,000
new in 2025: €10,000
- Tangible fixed assets -€4,693
down €4,693 (-44.3%), from €10,604 to €5,912
of which Furniture and vehicles: -€3,288
- Trade debts -€74,258
down €74,258 (-82.9%), from €89,564 to €15,307
- Short-term financial debts +€50,000
new in 2025: €50,000
- Accrued charges and deferred income -€49,820
down €49,820 (-99.5%), from €50,081 to €260
- Other debts +€32,000
up €32,000 (+8,000%), from €400 to €32,400
- Reserves -€14,947
down €14,947 (-5.0%), from €296,609 to €281,662
of which Distributable reserves: -€14,947
- Gross operating margin -€7,465
down €7,465 (-16.7%), from €44,798 to €37,332
- Taxes +€3,980
up €3,980 (+63.4%), from €6,278 to €10,258
- Depreciation -€3,472
down €3,472 (-36.1%), from €9,615 to €6,143
- Financial income -€1,285
down €1,285 (-53.0%), from €2,424 to €1,140
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 | €456,833 | €410,064 | -€46,769 | -10.2% |
| Fixed assets | 21/28 | €11,804 | €7,112 | -€4,693 | -39.8% |
| Tangible fixed assets | 22/27 | €10,604 | €5,912 | -€4,693 | -44.3% |
| Plant, machinery and equipment | 23 | €5,371 | €2,834 | -€2,537 | -47.2% |
| Furniture and vehicles | 24 | €3,288 | - | -€3,288 | |
| Other tangible fixed assets | 26 | €1,945 | €3,077 | +€1,132 | +58.2% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €445,028 | €402,952 | -€42,076 | -9.5% |
| Amounts receivable after more than one year | 29 | €1,370 | - | -€1,370 | |
| Other amounts receivable | 291 | €1,370 | - | -€1,370 | |
| Stocks and contracts in progress | 3 | €45,687 | €62,300 | +€16,614 | +36.4% |
| Stocks | 30/36 | €45,687 | €62,300 | +€16,614 | +36.4% |
| Amounts receivable within one year | 40/41 | €290,158 | €120,487 | -€169,670 | -58.5% |
| Trade receivables | 40 | €225,440 | €88,392 | -€137,048 | -60.8% |
| Other amounts receivable | 41 | €64,717 | €32,095 | -€32,623 | -50.4% |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €105,074 | €209,055 | +€103,981 | +99.0% |
| Deferred charges and accrued income | 490/1 | €2,739 | €1,110 | -€1,630 | -59.5% |
| Total equity and liabilities | 10/49 | €456,833 | €410,064 | -€46,769 | -10.2% |
| Equity | 10/15 | €302,809 | €287,862 | -€14,947 | -4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €296,609 | €281,662 | -€14,947 | -5.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €294,749 | €279,802 | -€14,947 | -5.1% |
| Amounts payable | 17/49 | €154,023 | €122,202 | -€31,821 | -20.7% |
| Amounts payable within one year | 42/48 | €103,943 | €121,942 | +€17,999 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €7,772 | €4,063 | -€3,709 | -47.7% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €89,564 | €15,307 | -€74,258 | -82.9% |
| Suppliers | 440/4 | €89,564 | €15,307 | -€74,258 | -82.9% |
| Taxes, remuneration and social security | 45 | €6,207 | €20,172 | +€13,965 | +225% |
| Taxes | 450/3 | €6,207 | €20,172 | +€13,965 | +225% |
| Other amounts payable | 47/48 | €400 | €32,400 | +€32,000 | +8,000% |
| Accrued charges and deferred income | 492/3 | €50,081 | €260 | -€49,820 | -99.5% |
| Non-recurring operating income | 76A | €4,821 | - | -€4,821 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,615 | €6,143 | -€3,472 | -36.1% |
| Other operating charges | 640/8 | €879 | €1,117 | +€239 | +27.2% |
| Non-recurring operating charges | 66A | €2,494 | - | -€2,494 | |
| Gross operating margin | 9900 | €44,798 | €37,332 | -€7,465 | -16.7% |
| Operating profit (loss) | 9901 | €31,810 | €30,072 | -€1,738 | -5.5% |
| Financial income | 75/76B | €2,424 | €1,140 | -€1,285 | -53.0% |
| Recurring financial income | 75 | €2,424 | €1,140 | -€1,285 | -53.0% |
| Financial charges | 65/66B | €3,699 | €3,901 | +€202 | +5.5% |
| Recurring financial charges | 65 | €3,699 | €3,901 | +€202 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €30,535 | €27,311 | -€3,224 | -10.6% |
| Income taxes | 67/77 | €6,278 | €10,258 | +€3,980 | +63.4% |
| Profit (loss) for the period | 9904 | €24,256 | €17,053 | -€7,204 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,256 | €17,053 | -€7,204 | -29.7% |
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 27 October 2026 via checked.be.