L.V.P. ENGINEERING: 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.P. ENGINEERING
Largest movements
- Receivables after one year -€39,504
down €39,504 (-65.8%), from €60,000 to €20,496
- Cash -€32,670
down €32,670 (-42.9%), from €76,237 to €43,567
mainly Contributions, distributions and other (-€33,118) and Current portion of long-term debt (-€17,179)
- Receivables within one year +€4,146
up €4,146 (+7.2%), from €57,855 to €62,001
of which Other amounts receivable: +€22,146
- Reserves -€33,118
down €33,118 (-22.6%), from €146,555 to €113,437
- Current portion of long-term debt -€17,179
down €17,179 (-77.7%), from €22,105 to €4,926
- Tax, wage and social debts -€6,305
down €6,305 (-83.2%), from €7,580 to €1,275
of which Taxes: -€6,305
- Profit (loss) carried forward -€5,893
down €5,893 (-179%), from -€3,300 to -€9,193
- Debts after one year -€4,926
no longer reported in 2025 (was €4,926)
- Gross operating margin -€5,407
down €5,407, from €962 to -€4,445
- Financial income +€1,293
up €1,293 (+129,300%), from €1 to €1,294
- Depreciation -€981
no longer reported in 2025 (was €981)
- Financial charges -€364
down €364 (-54.0%), from €674 to €310
- Taxes -€192
no longer reported in 2025 (was €192)
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 | €196,508 | €129,209 | -€67,299 | -34.2% |
| Current assets | 29/58 | €196,508 | €129,209 | -€67,299 | -34.2% |
| Amounts receivable after more than one year | 29 | €60,000 | €20,496 | -€39,504 | -65.8% |
| Other amounts receivable | 291 | €60,000 | €20,496 | -€39,504 | -65.8% |
| Amounts receivable within one year | 40/41 | €57,855 | €62,001 | +€4,146 | +7.2% |
| Trade receivables | 40 | €54,391 | €36,391 | -€18,000 | -33.1% |
| Other amounts receivable | 41 | €3,464 | €25,610 | +€22,146 | +639% |
| Current investments | 50/53 | €2,416 | €2,438 | +€22 | +0.9% |
| Cash at bank and in hand | 54/58 | €76,237 | €43,567 | -€32,670 | -42.9% |
| Deferred charges and accrued income | 490/1 | - | €707 | +€707 | |
| Total equity and liabilities | 10/49 | €196,508 | €129,209 | -€67,299 | -34.2% |
| Equity | 10/15 | €161,847 | €122,836 | -€39,011 | -24.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €146,555 | €113,437 | -€33,118 | -22.6% |
| Distributable reserves | 133 | €146,555 | €113,437 | -€33,118 | -22.6% |
| Profit (loss) carried forward | 14 | -€3,300 | -€9,193 | -€5,893 | -179% |
| Amounts payable | 17/49 | €34,661 | €6,373 | -€28,288 | -81.6% |
| Amounts payable after more than one year | 17 | €4,926 | - | -€4,926 | |
| Financial debts | 170/4 | €4,926 | - | -€4,926 | |
| Amounts payable within one year | 42/48 | €29,735 | €6,373 | -€23,362 | -78.6% |
| Current portion of amounts payable after more than one year | 42 | €22,105 | €4,926 | -€17,179 | -77.7% |
| Taxes, remuneration and social security | 45 | €7,580 | €1,275 | -€6,305 | -83.2% |
| Taxes | 450/3 | €6,305 | - | -€6,305 | |
| Remuneration and social security | 454/9 | €1,275 | €1,275 | = | 0.0% |
| Other amounts payable | 47/48 | €50 | €172 | +€122 | +244% |
| Non-recurring operating income | 76A | €5,551 | - | -€5,551 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €981 | - | -€981 | |
| Other operating charges | 640/8 | €2,416 | €2,432 | +€16 | +0.7% |
| Gross operating margin | 9900 | €962 | -€4,445 | -€5,407 | |
| Operating profit (loss) | 9901 | -€2,435 | -€6,877 | -€4,442 | -182% |
| Financial income | 75/76B | €1 | €1,294 | +€1,293 | +129,300% |
| Recurring financial income | 75 | €1 | €1,294 | +€1,293 | +129,300% |
| Financial charges | 65/66B | €674 | €310 | -€364 | -54.0% |
| Recurring financial charges | 65 | €674 | €310 | -€364 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,108 | -€5,893 | -€2,785 | -89.6% |
| Income taxes | 67/77 | €192 | - | -€192 | |
| Profit (loss) for the period | 9904 | -€3,300 | -€5,893 | -€2,593 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,300 | -€5,893 | -€2,593 | -78.6% |
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 15 October 2026 via checked.be.