L&V PROJECTS: 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 PROJECTS
Largest movements
- Cash -€207,074
down €207,074 (-47.0%), from €440,714 to €233,640
mainly Stocks and contracts (-€190,947) and Receivables within one year (-€8,426)
- Stocks and contracts +€190,947
up €190,947 (+479.6%), from €39,813 to €230,760
- Receivables within one year +€8,426
up €8,426 (+124.3%), from €6,776 to €15,203
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€71,376
down €71,376, from €67,411 to -€3,965
- Taxes -€20,403
down €20,403 (-100.0%), from €20,403 to €0
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.
Cash bridge derived
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 | €487,909 | €480,209 | -€7,700 | -1.6% |
| Fixed assets | 21/28 | €607 | €607 | = | 0.0% |
| Financial fixed assets | 28 | €607 | €607 | = | 0.0% |
| Current assets | 29/58 | €487,303 | €479,602 | -€7,700 | -1.6% |
| Stocks and contracts in progress | 3 | €39,813 | €230,760 | +€190,947 | +479.6% |
| Contracts in progress | 37 | €39,813 | €230,760 | +€190,947 | +479.6% |
| Amounts receivable within one year | 40/41 | €6,776 | €15,203 | +€8,426 | +124.3% |
| Other amounts receivable | 41 | €6,776 | €15,203 | +€8,426 | +124.3% |
| Cash at bank and in hand | 54/58 | €440,714 | €233,640 | -€207,074 | -47.0% |
| Total equity and liabilities | 10/49 | €487,909 | €480,209 | -€7,700 | -1.6% |
| Equity | 10/15 | €176,126 | €171,641 | -€4,485 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162,295 | €162,295 | = | 0.0% |
| Distributable reserves | 133 | €162,295 | €162,295 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,769 | -€9,254 | -€4,485 | -94.0% |
| Amounts payable | 17/49 | €311,783 | €308,568 | -€3,215 | -1.0% |
| Amounts payable after more than one year | 17 | €195,000 | €195,000 | = | 0.0% |
| Financial debts | 170/4 | €195,000 | €195,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €116,526 | €113,344 | -€3,183 | -2.7% |
| Trade debts | 44 | €1,113 | €1,853 | +€740 | +66.5% |
| Suppliers | 440/4 | €1,113 | €1,853 | +€740 | +66.5% |
| Taxes, remuneration and social security | 45 | €3,903 | €0 | -€3,903 | -100.0% |
| Taxes | 450/3 | €3,903 | €0 | -€3,903 | -100.0% |
| Other amounts payable | 47/48 | €111,510 | €111,490 | -€20 | 0.0% |
| Accrued charges and deferred income | 492/3 | €257 | €225 | -€32 | -12.6% |
| Other operating charges | 640/8 | €159 | €451 | +€292 | +184.4% |
| Gross operating margin | 9900 | €67,411 | -€3,965 | -€71,376 | |
| Operating profit (loss) | 9901 | €67,252 | -€4,416 | -€71,668 | |
| Financial charges | 65/66B | €177 | €69 | -€107 | -60.8% |
| Recurring financial charges | 65 | €177 | €69 | -€107 | -60.8% |
| Profit (loss) for the period before taxes | 9903 | €67,076 | -€4,485 | -€71,561 | |
| Income taxes | 67/77 | €20,403 | €0 | -€20,403 | -100.0% |
| Profit (loss) for the period | 9904 | €46,673 | -€4,485 | -€51,158 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,673 | -€4,485 | -€51,158 |
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 9 October 2026 via checked.be.