L-VENTURES: 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-VENTURES
Largest movements
- Cash +€67,960
up €67,960 (+30.6%), from €221,990 to €289,950
mainly Net result for the year (+€190,350) and Receivables within one year (+€27,383)
- Deferred charges and accrued income +€65,509
up €65,509 (+3,816%), from €1,717 to €67,225
- Current investments +€29,554
new in 2025: €29,554
- Receivables within one year -€27,383
down €27,383 (-16.2%), from €168,700 to €141,317
of which Trade receivables: -€75,000
- Tangible fixed assets -€12,502
down €12,502 (-2.6%), from €475,110 to €462,608
of which Land and buildings: -€14,042
- Reserves +€190,350
up €190,350 (+32.8%), from €580,070 to €770,419
of which Distributable reserves: +€190,350
- Tax, wage and social debts -€29,293
down €29,293 (-54.8%), from €53,471 to €24,178
- Debts after one year -€27,251
down €27,251 (-14.0%), from €195,242 to €167,991
- Financial income +€77,124
up €77,124 (+96.0%), from €80,331 to €157,455
- Gross operating margin -€43,193
down €43,193 (-35.1%), from €123,220 to €80,026
- Taxes -€17,482
down €17,482 (-54.0%), from €32,360 to €14,878
- Other operating charges +€3,551
up €3,551 (+182%), from €1,951 to €5,502
- Depreciation +€2,827
up €2,827 (+15.5%), from €18,276 to €21,103
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 | €875,852 | €1,008,989 | +€133,137 | +15.2% |
| Fixed assets | 21/28 | €483,445 | €480,943 | -€2,502 | -0.5% |
| Tangible fixed assets | 22/27 | €475,110 | €462,608 | -€12,502 | -2.6% |
| Land and buildings | 22 | €467,895 | €453,853 | -€14,042 | -3.0% |
| Plant, machinery and equipment | 23 | €1,274 | €584 | -€690 | -54.2% |
| Furniture and vehicles | 24 | €5,942 | €8,171 | +€2,229 | +37.5% |
| Financial fixed assets | 28 | €8,335 | €18,335 | +€10,000 | +120% |
| Current assets | 29/58 | €392,407 | €528,046 | +€135,639 | +34.6% |
| Amounts receivable within one year | 40/41 | €168,700 | €141,317 | -€27,383 | -16.2% |
| Trade receivables | 40 | €75,000 | - | -€75,000 | |
| Other amounts receivable | 41 | €93,700 | €141,317 | +€47,617 | +50.8% |
| Current investments | 50/53 | - | €29,554 | +€29,554 | |
| Cash at bank and in hand | 54/58 | €221,990 | €289,950 | +€67,960 | +30.6% |
| Deferred charges and accrued income | 490/1 | €1,717 | €67,225 | +€65,509 | +3,816% |
| Total equity and liabilities | 10/49 | €875,852 | €1,008,989 | +€133,137 | +15.2% |
| Equity | 10/15 | €598,670 | €789,019 | +€190,350 | +31.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €580,070 | €770,419 | +€190,350 | +32.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €578,210 | €768,559 | +€190,350 | +32.9% |
| Amounts payable | 17/49 | €277,182 | €219,969 | -€57,213 | -20.6% |
| Amounts payable after more than one year | 17 | €195,242 | €167,991 | -€27,251 | -14.0% |
| Financial debts | 170/4 | €195,242 | €167,991 | -€27,251 | -14.0% |
| Amounts payable within one year | 42/48 | €81,940 | €51,978 | -€29,962 | -36.6% |
| Current portion of amounts payable after more than one year | 42 | €26,699 | €27,251 | +€552 | +2.1% |
| Trade debts | 44 | €1,770 | €550 | -€1,221 | -69.0% |
| Suppliers | 440/4 | €1,770 | €550 | -€1,221 | -69.0% |
| Taxes, remuneration and social security | 45 | €53,471 | €24,178 | -€29,293 | -54.8% |
| Taxes | 450/3 | €53,471 | €24,178 | -€29,293 | -54.8% |
| Non-recurring operating income | 76A | - | €7,093 | +€7,093 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,276 | €21,103 | +€2,827 | +15.5% |
| Other operating charges | 640/8 | €1,951 | €5,502 | +€3,551 | +182% |
| Gross operating margin | 9900 | €123,220 | €80,026 | -€43,193 | -35.1% |
| Operating profit (loss) | 9901 | €102,993 | €53,422 | -€49,572 | -48.1% |
| Financial income | 75/76B | €80,331 | €157,455 | +€77,124 | +96.0% |
| Recurring financial income | 75 | €80,331 | €157,455 | +€77,124 | +96.0% |
| Financial charges | 65/66B | €5,844 | €5,649 | -€195 | -3.3% |
| Recurring financial charges | 65 | €5,844 | €5,649 | -€195 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €177,480 | €205,227 | +€27,747 | +15.6% |
| Income taxes | 67/77 | €32,360 | €14,878 | -€17,482 | -54.0% |
| Profit (loss) for the period | 9904 | €145,120 | €190,350 | +€45,229 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €145,120 | €190,350 | +€45,229 | +31.2% |
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 27 October 2026 via checked.be.