Holding LVT: 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.
Holding LVT
Largest movements
- Financial fixed assets +€324,613
up €324,613 (+25.1%), from €1.3m to €1.6m
- Receivables within one year -€311,281
down €311,281 (-49.0%), from €634,669 to €323,388
of which Other amounts receivable: -€192,873
- Receivables after one year +€68,280
up €68,280 (+4.3%), from €1.6m to €1.7m
- Trade debts -€96,537
down €96,537 (-98.7%), from €97,789 to €1,253
- Other debts +€70,865
up €70,865 (+164%), from €43,138 to €114,003
- Debts after one year +€55,178
up €55,178 (+1.4%), from €4.1m to €4.1m
- Financial income +€78,383
up €78,383 (+86.0%), from €91,096 to €169,479
- Financial charges +€12,560
up €12,560 (+72.2%), from €17,400 to €29,960
- Gross operating margin -€9,645
down €9,645 (-71.3%), from -€13,520 to -€23,165
- Taxes +€8,311
up €8,311 (+3,177%), from €262 to €8,573
- Other operating charges +€6,121
up €6,121 (+5,187%), from €118 to €6,239
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 | €4,447,645 | €4,525,075 | +€77,430 | +1.7% |
| Fixed assets | 21/28 | €2,220,067 | €2,524,172 | +€304,104 | +13.7% |
| Tangible fixed assets | 22/27 | €925,258 | €904,750 | -€20,508 | -2.2% |
| Land and buildings | 22 | €849,067 | €820,667 | -€28,400 | -3.3% |
| Furniture and vehicles | 24 | €68,492 | €76,383 | +€7,892 | +11.5% |
| Other tangible fixed assets | 26 | €7,700 | €7,700 | = | 0.0% |
| Financial fixed assets | 28 | €1,294,809 | €1,619,422 | +€324,613 | +25.1% |
| Current assets | 29/58 | €2,227,577 | €2,000,903 | -€226,674 | -10.2% |
| Amounts receivable after more than one year | 29 | €1,588,920 | €1,657,200 | +€68,280 | +4.3% |
| Other amounts receivable | 291 | €1,588,920 | €1,657,200 | +€68,280 | +4.3% |
| Amounts receivable within one year | 40/41 | €634,669 | €323,388 | -€311,281 | -49.0% |
| Trade receivables | 40 | €133,193 | €14,785 | -€118,408 | -88.9% |
| Other amounts receivable | 41 | €501,476 | €308,604 | -€192,873 | -38.5% |
| Cash at bank and in hand | 54/58 | €2,848 | €19,752 | +€16,904 | +593% |
| Deferred charges and accrued income | 490/1 | €1,140 | €562 | -€577 | -50.7% |
| Total equity and liabilities | 10/49 | €4,447,645 | €4,525,075 | +€77,430 | +1.7% |
| Equity | 10/15 | €189,465 | €227,262 | +€37,798 | +19.9% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Contributions outside capital | 11 | €80,000 | - | -€80,000 | |
| Other | 1109/19 | €80,000 | - | -€80,000 | |
| Reserves | 13 | €109,465 | €147,262 | +€37,798 | +34.5% |
| Distributable reserves | 133 | €109,465 | €147,262 | +€37,798 | +34.5% |
| Amounts payable | 17/49 | €4,258,180 | €4,297,813 | +€39,632 | +0.9% |
| Amounts payable after more than one year | 17 | €4,076,340 | €4,131,518 | +€55,178 | +1.4% |
| Financial debts | 170/4 | €4,076,340 | €4,131,518 | +€55,178 | +1.4% |
| Amounts payable within one year | 42/48 | €181,812 | €166,187 | -€15,625 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €40,623 | €42,097 | +€1,474 | +3.6% |
| Trade debts | 44 | €97,789 | €1,253 | -€96,537 | -98.7% |
| Suppliers | 440/4 | €97,789 | €1,253 | -€96,537 | -98.7% |
| Taxes, remuneration and social security | 45 | €262 | €8,834 | +€8,573 | +3,277% |
| Taxes | 450/3 | €262 | €8,834 | +€8,573 | +3,277% |
| Other amounts payable | 47/48 | €43,138 | €114,003 | +€70,865 | +164% |
| Accrued charges and deferred income | 492/3 | €28 | €108 | +€80 | +285% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,764 | €46,079 | +€4,315 | +10.3% |
| Other operating charges | 640/8 | €118 | €6,239 | +€6,121 | +5,187% |
| Non-recurring operating charges | 66A | - | €17,665 | +€17,665 | |
| Gross operating margin | 9900 | -€13,520 | -€23,165 | -€9,645 | -71.3% |
| Operating profit (loss) | 9901 | -€55,402 | -€93,148 | -€37,746 | -68.1% |
| Financial income | 75/76B | €91,096 | €169,479 | +€78,383 | +86.0% |
| Recurring financial income | 75 | €91,096 | €169,479 | +€78,383 | +86.0% |
| Financial charges | 65/66B | €17,400 | €29,960 | +€12,560 | +72.2% |
| Recurring financial charges | 65 | €17,400 | €29,960 | +€12,560 | +72.2% |
| Profit (loss) for the period before taxes | 9903 | €18,294 | €46,371 | +€28,077 | +153% |
| Income taxes | 67/77 | €262 | €8,573 | +€8,311 | +3,177% |
| Profit (loss) for the period | 9904 | €18,032 | €37,798 | +€19,766 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €18,032 | €37,798 | +€19,766 | +110% |
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 29 October 2026 via checked.be.