L.V.I._BEHEER: 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._BEHEER
Largest movements
- Receivables within one year +€59,867
up €59,867 (+233%), from €25,713 to €85,580
of which Trade receivables: +€40,535
- Cash +€27,318
up €27,318 (+8.2%), from €334,314 to €361,632
mainly Net result for the year (+€60,563) and Tax, wage and social debts (+€33,713)
- Tangible fixed assets -€7,614
down €7,614 (-15.1%), from €50,290 to €42,677
of which Furniture and vehicles: -€7,614
- Reserves +€60,563
up €60,563 (+26.4%), from €229,747 to €290,310
of which Distributable reserves: +€60,563
- Tax, wage and social debts +€33,713
up €33,713 (+179%), from €18,826 to €52,539
- Other debts -€16,032
no longer reported in 2025 (was €16,032)
- Gross operating margin +€34,862
up €34,862 (+59.6%), from €58,515 to €93,377
- Taxes +€15,551
up €15,551 (+106%), from €14,730 to €30,281
- Financial income +€6,913
up €6,913 (+1,686,137%), from €0 to €6,914
- Depreciation -€5,455
down €5,455 (-41.7%), from €13,068 to €7,614
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 | €410,318 | €489,889 | +€79,571 | +19.4% |
| Fixed assets | 21/28 | €50,290 | €42,677 | -€7,614 | -15.1% |
| Tangible fixed assets | 22/27 | €50,290 | €42,677 | -€7,614 | -15.1% |
| Land and buildings | 22 | €22,374 | €22,374 | = | 0.0% |
| Furniture and vehicles | 24 | €27,916 | €20,303 | -€7,614 | -27.3% |
| Current assets | 29/58 | €360,027 | €447,212 | +€87,185 | +24.2% |
| Amounts receivable within one year | 40/41 | €25,713 | €85,580 | +€59,867 | +233% |
| Trade receivables | 40 | €16,940 | €57,475 | +€40,535 | +239% |
| Other amounts receivable | 41 | €8,773 | €28,105 | +€19,332 | +220% |
| Cash at bank and in hand | 54/58 | €334,314 | €361,632 | +€27,318 | +8.2% |
| Total equity and liabilities | 10/49 | €410,318 | €489,889 | +€79,571 | +19.4% |
| Equity | 10/15 | €375,347 | €435,910 | +€60,563 | +16.1% |
| Contributions | 10/11 | €145,600 | €145,600 | = | 0.0% |
| Reserves | 13 | €229,747 | €290,310 | +€60,563 | +26.4% |
| Non-distributable reserves | 130/1 | €14,560 | €14,560 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,560 | €14,560 | = | 0.0% |
| Distributable reserves | 133 | €215,187 | €275,750 | +€60,563 | +28.1% |
| Amounts payable | 17/49 | €34,971 | €53,979 | +€19,008 | +54.4% |
| Amounts payable within one year | 42/48 | €34,971 | €53,979 | +€19,008 | +54.4% |
| Trade debts | 44 | €113 | €1,440 | +€1,327 | +1,175% |
| Suppliers | 440/4 | €113 | €1,440 | +€1,327 | +1,175% |
| Taxes, remuneration and social security | 45 | €18,826 | €52,539 | +€33,713 | +179% |
| Taxes | 450/3 | €18,826 | €52,539 | +€33,713 | +179% |
| Other amounts payable | 47/48 | €16,032 | - | -€16,032 | |
| Non-recurring operating income | 76A | €108 | €108 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,068 | €7,614 | -€5,455 | -41.7% |
| Other operating charges | 640/8 | €1,818 | €1,721 | -€97 | -5.3% |
| Gross operating margin | 9900 | €58,515 | €93,377 | +€34,862 | +59.6% |
| Operating profit (loss) | 9901 | €43,629 | €84,042 | +€40,413 | +92.6% |
| Financial income | 75/76B | €0 | €6,914 | +€6,913 | +1,686,137% |
| Recurring financial income | 75 | €0 | €6,914 | +€6,913 | +1,686,137% |
| Financial charges | 65/66B | €131 | €112 | -€20 | -15.1% |
| Recurring financial charges | 65 | €131 | €112 | -€20 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €43,498 | €90,844 | +€47,346 | +109% |
| Income taxes | 67/77 | €14,730 | €30,281 | +€15,551 | +106% |
| Profit (loss) for the period | 9904 | €28,768 | €60,563 | +€31,795 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €28,768 | €60,563 | +€31,795 | +111% |
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 31 October 2026 via checked.be.