L.V.S.: 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.S.
Largest movements
- Receivables within one year -€4,901
down €4,901 (-99.1%), from €4,944 to €44
- Cash -€1,295
down €1,295 (-1.2%), from €105,110 to €103,815
mainly Net result for the year (-€6,074) and Tax, wage and social debts (-€122)
- Profit (loss) carried forward -€6,074
down €6,074 (-8.0%), from €75,472 to €69,398
- Taxes -€9,457
no longer reported in 2025 (was €9,457)
- Gross operating margin -€4,781
down €4,781, from €530 to -€4,251
- Other operating charges -€2,261
down €2,261 (-68.2%), from €3,315 to €1,054
- Financial charges -€165
down €165 (-17.6%), from €933 to €768
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 | €110,054 | €103,858 | -€6,196 | -5.6% |
| Current assets | 29/58 | €110,054 | €103,858 | -€6,196 | -5.6% |
| Amounts receivable within one year | 40/41 | €4,944 | €44 | -€4,901 | -99.1% |
| Other amounts receivable | 41 | €4,944 | €44 | -€4,901 | -99.1% |
| Cash at bank and in hand | 54/58 | €105,110 | €103,815 | -€1,295 | -1.2% |
| Total equity and liabilities | 10/49 | €110,054 | €103,858 | -€6,196 | -5.6% |
| Equity | 10/15 | €95,932 | €89,858 | -€6,074 | -6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,472 | €69,398 | -€6,074 | -8.0% |
| Amounts payable | 17/49 | €14,122 | €14,000 | -€122 | -0.9% |
| Amounts payable within one year | 42/48 | €14,122 | €14,000 | -€122 | -0.9% |
| Taxes, remuneration and social security | 45 | €122 | - | -€122 | |
| Taxes | 450/3 | €122 | - | -€122 | |
| Other amounts payable | 47/48 | €14,000 | €14,000 | = | 0.0% |
| Other operating charges | 640/8 | €3,315 | €1,054 | -€2,261 | -68.2% |
| Gross operating margin | 9900 | €530 | -€4,251 | -€4,781 | |
| Operating profit (loss) | 9901 | -€2,786 | -€5,305 | -€2,519 | -90.4% |
| Financial charges | 65/66B | €933 | €768 | -€165 | -17.6% |
| Recurring financial charges | 65 | €933 | €768 | -€165 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,719 | -€6,074 | -€2,355 | -63.3% |
| Income taxes | 67/77 | €9,457 | - | -€9,457 | |
| Profit (loss) for the period | 9904 | -€13,176 | -€6,074 | +€7,103 | +53.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,176 | -€6,074 | +€7,103 | +53.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.