L.V.D. OUTSOURCING: 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.D. OUTSOURCING
Largest movements
- Tangible fixed assets -€9,725
down €9,725 (-40.8%), from €23,810 to €14,085
- Cash +€7,567
up €7,567 (+21.1%), from €35,806 to €43,373
mainly Net result for the year (+€9,828) and Depreciation (+€9,725)
- Receivables within one year -€2,372
down €2,372 (-16.7%), from €14,170 to €11,798
of which Other amounts receivable: -€3,333
- Deferred charges and accrued income -€2,075
down €2,075 (-90.4%), from €2,295 to €220
- Profit (loss) carried forward +€8,162
up €8,162 (+58.2%), from €14,034 to €22,196
- Debts after one year -€6,731
down €6,731 (-38.8%), from €17,342 to €10,611
- Tax, wage and social debts -€4,717
down €4,717 (-16.8%), from €28,158 to €23,441
of which Remuneration and social security: -€3,200
- Trade debts -€4,142
down €4,142 (-77.0%), from €5,378 to €1,236
- Depreciation +€4,358
up €4,358 (+81.2%), from €5,367 to €9,725
- Taxes -€888
down €888 (-13.9%), from €6,394 to €5,506
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 | €76,080 | €69,476 | -€6,605 | -8.7% |
| Fixed assets | 21/28 | €23,810 | €14,085 | -€9,725 | -40.8% |
| Tangible fixed assets | 22/27 | €23,810 | €14,085 | -€9,725 | -40.8% |
| Furniture and vehicles | 24 | €23,810 | €14,085 | -€9,725 | -40.8% |
| Current assets | 29/58 | €52,270 | €55,390 | +€3,120 | +6.0% |
| Amounts receivable within one year | 40/41 | €14,170 | €11,798 | -€2,372 | -16.7% |
| Trade receivables | 40 | €10,655 | €11,616 | +€961 | +9.0% |
| Other amounts receivable | 41 | €3,515 | €182 | -€3,333 | -94.8% |
| Cash at bank and in hand | 54/58 | €35,806 | €43,373 | +€7,567 | +21.1% |
| Deferred charges and accrued income | 490/1 | €2,295 | €220 | -€2,075 | -90.4% |
| Total equity and liabilities | 10/49 | €76,080 | €69,476 | -€6,605 | -8.7% |
| Equity | 10/15 | €17,034 | €25,196 | +€8,162 | +47.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,034 | €22,196 | +€8,162 | +58.2% |
| Amounts payable | 17/49 | €59,046 | €44,279 | -€14,767 | -25.0% |
| Amounts payable after more than one year | 17 | €17,342 | €10,611 | -€6,731 | -38.8% |
| Financial debts | 170/4 | €17,342 | €10,611 | -€6,731 | -38.8% |
| Amounts payable within one year | 42/48 | €41,704 | €33,668 | -€8,036 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €6,469 | €6,731 | +€262 | +4.1% |
| Trade debts | 44 | €5,378 | €1,236 | -€4,142 | -77.0% |
| Suppliers | 440/4 | €5,378 | €1,236 | -€4,142 | -77.0% |
| Taxes, remuneration and social security | 45 | €28,158 | €23,441 | -€4,717 | -16.8% |
| Taxes | 450/3 | €24,958 | €23,441 | -€1,517 | -6.1% |
| Remuneration and social security | 454/9 | €3,200 | €0 | -€3,200 | -100% |
| Other amounts payable | 47/48 | €1,700 | €2,261 | +€561 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,367 | €9,725 | +€4,358 | +81.2% |
| Other operating charges | 640/8 | €1,366 | €1,290 | -€75 | -5.5% |
| Gross operating margin | 9900 | €27,461 | €27,251 | -€210 | -0.8% |
| Operating profit (loss) | 9901 | €20,728 | €16,236 | -€4,492 | -21.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €766 | €903 | +€137 | +17.8% |
| Recurring financial charges | 65 | €766 | €903 | +€137 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €19,962 | €15,334 | -€4,628 | -23.2% |
| Income taxes | 67/77 | €6,394 | €5,506 | -€888 | -13.9% |
| Profit (loss) for the period | 9904 | €13,568 | €9,828 | -€3,740 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,568 | €9,828 | -€3,740 | -27.6% |
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 30 October 2026 via checked.be.