L.V.M.V.: 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.V.
Largest movements
- Tangible fixed assets -€18,153
down €18,153 (-7.4%), from €244,053 to €225,900
of which Land and buildings: -€9,610
- Trade debts -€14,142
down €14,142 (-95.3%), from €14,841 to €699
- Debts after one year -€10,512
down €10,512 (-9.3%), from €112,996 to €102,484
- Other debts +€5,444
up €5,444 (+8.2%), from €66,151 to €71,595
- Gross operating margin +€12,424
up €12,424 (+1,191%), from €1,043 to €13,468
- Depreciation -€4,135
down €4,135 (-30.1%), from €13,745 to €9,610
- Other operating charges -€2,047
down €2,047 (-69.8%), from €2,931 to €885
- Financial charges +€1,970
up €1,970 (+462%), from €427 to €2,397
- Financial income +€1,489
up €1,489 (+473%), from €315 to €1,804
of which Non-recurring financial income: +€1,457
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 | €250,049 | €234,479 | -€15,570 | -6.2% |
| Fixed assets | 21/28 | €244,053 | €225,900 | -€18,153 | -7.4% |
| Tangible fixed assets | 22/27 | €244,053 | €225,900 | -€18,153 | -7.4% |
| Land and buildings | 22 | €235,510 | €225,900 | -€9,610 | -4.1% |
| Furniture and vehicles | 24 | €8,543 | - | -€8,543 | |
| Current assets | 29/58 | €5,996 | €8,580 | +€2,583 | +43.1% |
| Amounts receivable within one year | 40/41 | €4,491 | €6,233 | +€1,742 | +38.8% |
| Other amounts receivable | 41 | €4,491 | €6,233 | +€1,742 | +38.8% |
| Cash at bank and in hand | 54/58 | €160 | €478 | +€319 | +199% |
| Deferred charges and accrued income | 490/1 | €1,346 | €1,869 | +€523 | +38.8% |
| Total equity and liabilities | 10/49 | €250,049 | €234,479 | -€15,570 | -6.2% |
| Equity | 10/15 | €45,639 | €47,966 | +€2,328 | +5.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,861 | -€13,534 | +€2,328 | +14.7% |
| Amounts payable | 17/49 | €204,411 | €186,513 | -€17,898 | -8.8% |
| Amounts payable after more than one year | 17 | €112,996 | €102,484 | -€10,512 | -9.3% |
| Financial debts | 170/4 | €112,996 | €102,484 | -€10,512 | -9.3% |
| Amounts payable within one year | 42/48 | €91,415 | €82,976 | -€8,439 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €10,306 | €10,512 | +€206 | +2.0% |
| Trade debts | 44 | €14,841 | €699 | -€14,142 | -95.3% |
| Suppliers | 440/4 | €14,841 | €699 | -€14,142 | -95.3% |
| Taxes, remuneration and social security | 45 | €117 | €169 | +€53 | +45.1% |
| Taxes | 450/3 | €117 | €169 | +€53 | +45.1% |
| Other amounts payable | 47/48 | €66,151 | €71,595 | +€5,444 | +8.2% |
| Accrued charges and deferred income | 492/3 | - | €1,054 | +€1,054 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,745 | €9,610 | -€4,135 | -30.1% |
| Other operating charges | 640/8 | €2,931 | €885 | -€2,047 | -69.8% |
| Gross operating margin | 9900 | €1,043 | €13,468 | +€12,424 | +1,191% |
| Operating profit (loss) | 9901 | -€15,633 | €2,973 | +€18,606 | |
| Financial income | 75/76B | €315 | €1,804 | +€1,489 | +473% |
| Recurring financial income | 75 | €315 | €347 | +€33 | +10.4% |
| Non-recurring financial income | 76B | - | €1,457 | +€1,457 | |
| Financial charges | 65/66B | €427 | €2,397 | +€1,970 | +462% |
| Recurring financial charges | 65 | €427 | €2,397 | +€1,970 | +462% |
| Profit (loss) for the period before taxes | 9903 | -€15,745 | €2,380 | +€18,125 | |
| Income taxes | 67/77 | €117 | €53 | -€64 | -54.9% |
| Profit (loss) for the period | 9904 | -€15,861 | €2,328 | +€18,189 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,861 | €2,328 | +€18,189 |
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 20 October 2026 via checked.be.