L & V Trading: 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 Trading
Largest movements
- Tangible fixed assets +€21,423
up €21,423 (+11.6%), from €185,374 to €206,797
of which Furniture and vehicles: +€29,648
- Receivables within one year -€12,936
down €12,936 (-33.3%), from €38,882 to €25,946
of which Trade receivables: -€13,967
- Cash +€12,440
up €12,440 (+1,695%), from €734 to €13,174
mainly Trade debts (+€40,822) and Receivables within one year (+€12,936)
- Intangible fixed assets -€3,400
down €3,400 (-33.9%), from €10,023 to €6,623
- Trade debts +€40,822
up €40,822 (+357%), from €11,450 to €52,272
- Reserves -€15,343
down €15,343 (-18.4%), from €83,428 to €68,085
- Profit (loss) carried forward +€11,359
up €11,359, from -€11,359 to €0
- Tax, wage and social debts -€11,120
down €11,120 (-86.8%), from €12,810 to €1,691
of which Taxes: -€11,129
- Debts after one year -€7,994
down €7,994 (-6.3%), from €127,000 to €119,006
- Financial charges -€5,782
down €5,782 (-49.6%), from €11,647 to €5,866
- Gross operating margin +€2,524
up €2,524 (+15.8%), from €16,008 to €18,532
- Depreciation -€1,477
down €1,477 (-10.8%), from €13,657 to €12,181
- Financial income -€297
down €297 (-99.1%), from €299 to €3
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 | €239,704 | €255,025 | +€15,321 | +6.4% |
| Fixed assets | 21/28 | €195,597 | €213,620 | +€18,023 | +9.2% |
| Intangible fixed assets | 21 | €10,023 | €6,623 | -€3,400 | -33.9% |
| Tangible fixed assets | 22/27 | €185,374 | €206,797 | +€21,423 | +11.6% |
| Land and buildings | 22 | €148,334 | €148,253 | -€81 | -0.1% |
| Plant, machinery and equipment | 23 | €21,441 | €13,297 | -€8,144 | -38.0% |
| Furniture and vehicles | 24 | €15,600 | €45,248 | +€29,648 | +190% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €44,107 | €41,405 | -€2,703 | -6.1% |
| Amounts receivable within one year | 40/41 | €38,882 | €25,946 | -€12,936 | -33.3% |
| Trade receivables | 40 | €29,076 | €15,109 | -€13,967 | -48.0% |
| Other amounts receivable | 41 | €9,806 | €10,837 | +€1,031 | +10.5% |
| Cash at bank and in hand | 54/58 | €734 | €13,174 | +€12,440 | +1,695% |
| Deferred charges and accrued income | 490/1 | €4,491 | €2,285 | -€2,207 | -49.1% |
| Total equity and liabilities | 10/49 | €239,704 | €255,025 | +€15,321 | +6.4% |
| Equity | 10/15 | €77,069 | €73,085 | -€3,984 | -5.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €83,428 | €68,085 | -€15,343 | -18.4% |
| Distributable reserves | 133 | €83,428 | €68,085 | -€15,343 | -18.4% |
| Profit (loss) carried forward | 14 | -€11,359 | €0 | +€11,359 | |
| Amounts payable | 17/49 | €162,635 | €181,940 | +€19,305 | +11.9% |
| Amounts payable after more than one year | 17 | €127,000 | €119,006 | -€7,994 | -6.3% |
| Financial debts | 170/4 | €127,000 | €119,006 | -€7,994 | -6.3% |
| Amounts payable within one year | 42/48 | €35,635 | €62,934 | +€27,298 | +76.6% |
| Current portion of amounts payable after more than one year | 42 | €8,844 | €8,971 | +€127 | +1.4% |
| Financial debts | 43 | €2,531 | €0 | -€2,531 | -100% |
| Credit institutions | 430/8 | €2,531 | €0 | -€2,531 | -100% |
| Trade debts | 44 | €11,450 | €52,272 | +€40,822 | +357% |
| Suppliers | 440/4 | €11,450 | €52,272 | +€40,822 | +357% |
| Taxes, remuneration and social security | 45 | €12,810 | €1,691 | -€11,120 | -86.8% |
| Taxes | 450/3 | €11,292 | €163 | -€11,129 | -98.6% |
| Remuneration and social security | 454/9 | €1,518 | €1,528 | +€10 | +0.7% |
| Non-recurring operating income | 76A | €1,932 | €1,171 | -€762 | -39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,657 | €12,181 | -€1,477 | -10.8% |
| Other operating charges | 640/8 | €2,279 | €2,393 | +€113 | +5.0% |
| Non-recurring operating charges | 66A | - | €1,917 | +€1,917 | |
| Gross operating margin | 9900 | €16,008 | €18,532 | +€2,524 | +15.8% |
| Operating profit (loss) | 9901 | €71 | €2,042 | +€1,970 | +2,762% |
| Financial income | 75/76B | €299 | €3 | -€297 | -99.1% |
| Recurring financial income | 75 | €299 | €3 | -€297 | -99.1% |
| Financial charges | 65/66B | €11,647 | €5,866 | -€5,782 | -49.6% |
| Recurring financial charges | 65 | €11,647 | €5,866 | -€5,782 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,276 | -€3,821 | +€7,455 | +66.1% |
| Income taxes | 67/77 | €82 | €163 | +€81 | +97.9% |
| Profit (loss) for the period | 9904 | -€11,359 | -€3,984 | +€7,375 | +64.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,359 | -€3,984 | +€7,375 | +64.9% |
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 30 October 2026 via checked.be.