L.V.A.: 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.
L.V.A.
Largest movements
- Cash -€6,823
down €6,823 (-66.9%), from €10,193 to €3,370
mainly Other debts (-€2,732) and Receivables within one year (-€2,200)
- Receivables within one year +€2,200
new in 2025: €2,200
- Deferred charges and accrued income -€759
down €759 (-46.8%), from €1,624 to €865
- Tangible fixed assets +€560
new in 2025: €560
- Other debts -€2,732
down €2,732 (-96.0%), from €2,846 to €114
- Accrued charges and deferred income -€1,993
down €1,993 (-96.6%), from €2,064 to €71
- Profit (loss) carried forward -€281
down €281 (-24.4%), from -€1,153 to -€1,434
- Trade debts +€184
new in 2025: €184
- Gross operating margin +€926
up €926, from -€500 to €426
- Depreciation +€139
new in 2025: €139
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 | €11,817 | €6,995 | -€4,822 | -40.8% |
| Fixed assets | 21/28 | - | €560 | +€560 | |
| Tangible fixed assets | 22/27 | - | €560 | +€560 | |
| Furniture and vehicles | 24 | - | €560 | +€560 | |
| Current assets | 29/58 | €11,817 | €6,435 | -€5,382 | -45.5% |
| Amounts receivable within one year | 40/41 | - | €2,200 | +€2,200 | |
| Trade receivables | 40 | - | €2,200 | +€2,200 | |
| Cash at bank and in hand | 54/58 | €10,193 | €3,370 | -€6,823 | -66.9% |
| Deferred charges and accrued income | 490/1 | €1,624 | €865 | -€759 | -46.8% |
| Total equity and liabilities | 10/49 | €11,817 | €6,995 | -€4,822 | -40.8% |
| Equity | 10/15 | €6,907 | €6,626 | -€281 | -4.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,153 | -€1,434 | -€281 | -24.4% |
| Amounts payable | 17/49 | €4,910 | €369 | -€4,542 | -92.5% |
| Amounts payable within one year | 42/48 | €2,846 | €298 | -€2,549 | -89.5% |
| Trade debts | 44 | - | €184 | +€184 | |
| Suppliers | 440/4 | - | €184 | +€184 | |
| Other amounts payable | 47/48 | €2,846 | €114 | -€2,732 | -96.0% |
| Accrued charges and deferred income | 492/3 | €2,064 | €71 | -€1,993 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €139 | +€139 | |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€500 | €426 | +€926 | |
| Operating profit (loss) | 9901 | -€884 | -€101 | +€783 | +88.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €182 | €180 | -€2 | -1.2% |
| Recurring financial charges | 65 | €182 | €180 | -€2 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,067 | -€281 | +€786 | +73.7% |
| Profit (loss) for the period | 9904 | -€1,067 | -€281 | +€786 | +73.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,067 | -€281 | +€786 | +73.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.