LIVEC: what changed
What changed
LIVEC
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€332,883
2024 · €630+€332,253
Equity
€1.9m
2024 · €1.5m+€332,883
Cash
€40,460
2024 · €25,703+€14,757
Balance sheet total
€3.8m
2024 · €4.8m-€1.0m
Largest movements
Assets
- Receivables within one year -€922,375
down €922,375 (-46.9%), from €2.0m to €1.0m
of which Other amounts receivable: -€929,158
- Tangible fixed assets -€97,306
down €97,306 (-3.5%), from €2.8m to €2.7m
of which Land and buildings: -€63,648
Equity and liabilities
- Other debts -€1.3m
down €1.3m (-94.9%), from €1.4m to €71,392
- Profit (loss) carried forward +€332,883
up €332,883 (+30.1%), from €1.1m to €1.4m
- Debts after one year -€89,877
down €89,877 (-6.3%), from €1.4m to €1.3m
- Tax, wage and social debts +€60,043
up €60,043 (+83.3%), from €72,086 to €132,129
of which Taxes: +€55,643
Income statement
- Gross operating margin +€495,593
up €495,593 (+700%), from €70,836 to €566,429
- Taxes +€118,722
up €118,722 (+1,701%), from €6,978 to €125,700
- Financial income -€69,508
down €69,508 (-69.4%), from €100,222 to €30,714
- Financial charges -€24,332
down €24,332 (-43.3%), from €56,137 to €31,805
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€630
Gross operating margin
+€495,593
Depreciation
+€792
Other operating charges
-€233
Financial income
-€69,508
Financial charges
+€24,332
Taxes
-€118,722
Result 2025
€332,883
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€104,756
Investment
-€1,298
Financing
-€88,701
Cash 2024
€25,703
From operations (derived)
+€104,756
Net result for the year
+€332,883
Depreciation
+€98,604
Receivables within one year
+€922,375
Trade debts
+€10,426
Tax, wage and social debts
+€60,043
Other debts
-€1.3m
Investment (derived)
-€1,298
Investment in fixed assets (net)
-€1,298
Financing
-€88,701
Debts after one year
-€89,877
Current portion of long-term debt
+€1,177
Cash 2025
€40,460
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,760,386 | €3,755,461 | -€1.0m | -21.1% |
| Fixed assets | 21/28 | €2,766,306 | €2,669,000 | -€97,306 | -3.5% |
| Tangible fixed assets | 22/27 | €2,765,626 | €2,668,320 | -€97,306 | -3.5% |
| Land and buildings | 22 | €2,641,029 | €2,577,381 | -€63,648 | -2.4% |
| Furniture and vehicles | 24 | €124,597 | €90,939 | -€33,659 | -27.0% |
| Financial fixed assets | 28 | €680 | €680 | = | 0.0% |
| Current assets | 29/58 | €1,994,080 | €1,086,462 | -€907,618 | -45.5% |
| Amounts receivable within one year | 40/41 | €1,968,377 | €1,046,002 | -€922,375 | -46.9% |
| Trade receivables | 40 | €219,195 | €225,977 | +€6,783 | +3.1% |
| Other amounts receivable | 41 | €1,749,182 | €820,024 | -€929,158 | -53.1% |
| Cash at bank and in hand | 54/58 | €25,703 | €40,460 | +€14,757 | +57.4% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €4,760,386 | €3,755,461 | -€1.0m | -21.1% |
| Equity | 10/15 | €1,517,585 | €1,850,468 | +€332,883 | +21.9% |
| Contributions | 10/11 | €138,754 | €138,754 | = | 0.0% |
| Capital | 10 | €138,754 | €138,754 | = | 0.0% |
| Issued capital | 100 | €138,754 | €138,754 | = | 0.0% |
| Reserves | 13 | €273,687 | €273,687 | = | 0.0% |
| Non-distributable reserves | 130/1 | €56,000 | €56,000 | = | 0.0% |
| Legal reserve | 130 | €56,000 | €56,000 | = | 0.0% |
| Distributable reserves | 133 | €217,687 | €217,687 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,105,145 | €1,438,027 | +€332,883 | +30.1% |
| Amounts payable | 17/49 | €3,242,800 | €1,904,993 | -€1.3m | -41.3% |
| Amounts payable after more than one year | 17 | €1,426,453 | €1,336,575 | -€89,877 | -6.3% |
| Financial debts | 170/4 | €1,426,453 | €1,336,575 | -€89,877 | -6.3% |
| Amounts payable within one year | 42/48 | €1,816,348 | €568,418 | -€1.2m | -68.7% |
| Current portion of amounts payable after more than one year | 42 | €348,801 | €349,977 | +€1,177 | +0.3% |
| Trade debts | 44 | €4,494 | €14,920 | +€10,426 | +232% |
| Suppliers | 440/4 | €4,494 | €14,920 | +€10,426 | +232% |
| Taxes, remuneration and social security | 45 | €72,086 | €132,129 | +€60,043 | +83.3% |
| Taxes | 450/3 | €72,086 | €127,729 | +€55,643 | +77.2% |
| Remuneration and social security | 454/9 | €0 | €4,400 | +€4,400 | |
| Other amounts payable | 47/48 | €1,390,967 | €71,392 | -€1.3m | -94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,396 | €98,604 | -€792 | -0.8% |
| Other operating charges | 640/8 | €7,918 | €8,151 | +€233 | +2.9% |
| Gross operating margin | 9900 | €70,836 | €566,429 | +€495,593 | +700% |
| Operating profit (loss) | 9901 | -€36,478 | €459,674 | +€496,152 | |
| Financial income | 75/76B | €100,222 | €30,714 | -€69,508 | -69.4% |
| Recurring financial income | 75 | €100,222 | €30,714 | -€69,508 | -69.4% |
| Financial charges | 65/66B | €56,137 | €31,805 | -€24,332 | -43.3% |
| Recurring financial charges | 65 | €56,137 | €31,805 | -€24,332 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €7,608 | €458,582 | +€450,975 | +5,928% |
| Income taxes | 67/77 | €6,978 | €125,700 | +€118,722 | +1,701% |
| Profit (loss) for the period | 9904 | €630 | €332,883 | +€332,253 | +52,764% |
| Profit (loss) for the period to be appropriated | 9905 | €630 | €332,883 | +€332,253 | +52,764% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.