L.V.I.: 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.I.
Largest movements
- Current investments +€173,775
up €173,775 (+20.9%), from €831,662 to €1.0m
- Receivables within one year +€117,708
up €117,708 (+39.2%), from €300,380 to €418,087
- Cash -€57,177
down €57,177 (-66.8%), from €85,535 to €28,358
mainly Other debts (-€175,478) and Current investments (-€173,775)
- Reserves +€402,670
up €402,670 (+27.1%), from €1.5m to €1.9m
of which Distributable reserves: +€402,670
- Other debts -€175,478
down €175,478 (-99.5%), from €176,348 to €870
- Gross operating margin +€54,073
up €54,073 (+52.2%), from €103,677 to €157,750
- Financial income +€45,051
up €45,051 (+16.2%), from €277,264 to €322,315
- Taxes +€22,287
up €22,287 (+41.5%), from €53,722 to €76,009
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 | €1,907,897 | €2,142,103 | +€234,206 | +12.3% |
| Fixed assets | 21/28 | €690,000 | €690,000 | = | 0.0% |
| Financial fixed assets | 28 | €690,000 | €690,000 | = | 0.0% |
| Current assets | 29/58 | €1,217,897 | €1,452,103 | +€234,206 | +19.2% |
| Amounts receivable within one year | 40/41 | €300,380 | €418,087 | +€117,708 | +39.2% |
| Other amounts receivable | 41 | €300,380 | €418,087 | +€117,708 | +39.2% |
| Current investments | 50/53 | €831,662 | €1,005,437 | +€173,775 | +20.9% |
| Cash at bank and in hand | 54/58 | €85,535 | €28,358 | -€57,177 | -66.8% |
| Deferred charges and accrued income | 490/1 | €321 | €220 | -€101 | -31.4% |
| Total equity and liabilities | 10/49 | €1,907,897 | €2,142,103 | +€234,206 | +12.3% |
| Equity | 10/15 | €1,685,912 | €2,088,582 | +€402,670 | +23.9% |
| Contributions | 10/11 | €202,400 | €202,400 | = | 0.0% |
| Reserves | 13 | €1,483,512 | €1,886,182 | +€402,670 | +27.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,483,512 | €1,886,182 | +€402,670 | +27.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €221,985 | €53,521 | -€168,464 | -75.9% |
| Amounts payable within one year | 42/48 | €221,985 | €53,521 | -€168,464 | -75.9% |
| Trade debts | 44 | €194 | €87 | -€106 | -55.0% |
| Suppliers | 440/4 | €194 | €87 | -€106 | -55.0% |
| Taxes, remuneration and social security | 45 | €45,444 | €52,564 | +€7,120 | +15.7% |
| Taxes | 450/3 | €45,444 | €52,564 | +€7,120 | +15.7% |
| Other amounts payable | 47/48 | €176,348 | €870 | -€175,478 | -99.5% |
| Other operating charges | 640/8 | €1,060 | €1,086 | +€25 | +2.4% |
| Gross operating margin | 9900 | €103,677 | €157,750 | +€54,073 | +52.2% |
| Operating profit (loss) | 9901 | €102,617 | €156,664 | +€54,048 | +52.7% |
| Financial income | 75/76B | €277,264 | €322,315 | +€45,051 | +16.2% |
| Recurring financial income | 75 | €277,264 | €322,315 | +€45,051 | +16.2% |
| Financial charges | 65/66B | €417 | €300 | -€117 | -28.0% |
| Recurring financial charges | 65 | €417 | €300 | -€117 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €379,463 | €478,679 | +€99,216 | +26.1% |
| Income taxes | 67/77 | €53,722 | €76,009 | +€22,287 | +41.5% |
| Profit (loss) for the period | 9904 | €325,741 | €402,670 | +€76,929 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €325,741 | €402,670 | +€76,929 | +23.6% |
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.