L.V.M. GROUP: 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.M. GROUP
Largest movements
- Cash +€70,335
up €70,335 (+173%), from €40,772 to €111,107
mainly Net result for the year (+€32,436) and Depreciation (+€30,019)
- Tangible fixed assets -€30,019
down €30,019 (-2.9%), from €1.0m to €1.0m
- Reserves +€21,511
new in 2025: €21,511
- Depreciation -€50,170
down €50,170 (-62.6%), from €80,189 to €30,019
- Taxes +€5,378
new in 2025: €5,378
- Other operating charges +€1,953
up €1,953 (+139%), from €1,402 to €3,355
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 | €1,079,474 | €1,120,085 | +€40,611 | +3.8% |
| Fixed assets | 21/28 | €1,038,702 | €1,008,683 | -€30,019 | -2.9% |
| Tangible fixed assets | 22/27 | €1,038,702 | €1,008,683 | -€30,019 | -2.9% |
| Land and buildings | 22 | €1,038,702 | €1,008,683 | -€30,019 | -2.9% |
| Current assets | 29/58 | €40,772 | €111,403 | +€70,631 | +173% |
| Cash at bank and in hand | 54/58 | €40,772 | €111,107 | +€70,335 | +173% |
| Deferred charges and accrued income | 490/1 | - | €296 | +€296 | |
| Total equity and liabilities | 10/49 | €1,079,474 | €1,120,085 | +€40,611 | +3.8% |
| Equity | 10/15 | -€10,424 | €22,011 | +€32,436 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | - | €21,511 | +€21,511 | |
| Distributable reserves | 133 | - | €21,511 | +€21,511 | |
| Profit (loss) carried forward | 14 | -€10,924 | €0 | +€10,924 | |
| Amounts payable | 17/49 | €1,089,898 | €1,098,074 | +€8,175 | +0.8% |
| Amounts payable after more than one year | 17 | €1,079,499 | €1,079,499 | = | 0.0% |
| Financial debts | 170/4 | €1,079,499 | €1,079,499 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,399 | €18,575 | +€8,175 | +78.6% |
| Trade debts | 44 | - | €4,820 | +€4,820 | |
| Suppliers | 440/4 | - | €4,820 | +€4,820 | |
| Taxes, remuneration and social security | 45 | €7,507 | €12,942 | +€5,435 | +72.4% |
| Taxes | 450/3 | €7,507 | €12,942 | +€5,435 | +72.4% |
| Other amounts payable | 47/48 | €2,892 | €813 | -€2,080 | -71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,189 | €30,019 | -€50,170 | -62.6% |
| Other operating charges | 640/8 | €1,402 | €3,355 | +€1,953 | +139% |
| Gross operating margin | 9900 | €70,677 | €71,188 | +€511 | +0.7% |
| Operating profit (loss) | 9901 | -€10,914 | €37,814 | +€48,728 | |
| Financial charges | 65/66B | €10 | €0 | -€10 | -100% |
| Recurring financial charges | 65 | €10 | €0 | -€10 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€10,924 | €37,814 | +€48,738 | |
| Income taxes | 67/77 | - | €5,378 | +€5,378 | |
| Profit (loss) for the period | 9904 | -€10,924 | €32,436 | +€43,360 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,924 | €32,436 | +€43,360 |
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 25 October 2026 via checked.be.