L. VYVEY: 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. VYVEY
Largest movements
- Current investments +€80,623
new in 2025: €80,623
- Cash +€40,396
up €40,396 (+48.5%), from €83,373 to €123,769
mainly Net result for the year (+€109,568) and Tax, wage and social debts (+€22,785)
- Tangible fixed assets -€11,071
down €11,071 (-24.2%), from €45,836 to €34,765
of which Leasing and similar rights: -€11,443
- Receivables within one year +€7,780
up €7,780 (+39.7%), from €19,601 to €27,380
of which Trade receivables: +€7,789
- Reserves +€109,568
up €109,568 (+137.9%), from €79,474 to €189,042
- Tax, wage and social debts +€22,785
up €22,785 (+69.0%), from €33,028 to €55,812
of which Taxes: +€19,510
- Debts after one year -€10,043
down €10,043 (-37.6%), from €26,709 to €16,666
- Trade debts -€4,800
down €4,800 (-90.9%), from €5,283 to €482
- Gross operating margin +€46,809
up €46,809 (+37.9%), from €123,656 to €170,464
- Taxes +€13,486
up €13,486 (+60.2%), from €22,396 to €35,882
- Financial charges +€8,158
up €8,158 (+329.6%), from €2,475 to €10,633
- Depreciation -€3,425
down €3,425 (-21.5%), from €15,939 to €12,514
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 | €156,639 | €274,464 | +€117,825 | +75.2% |
| Fixed assets | 21/28 | €48,336 | €37,265 | -€11,071 | -22.9% |
| Tangible fixed assets | 22/27 | €45,836 | €34,765 | -€11,071 | -24.2% |
| Plant, machinery and equipment | 23 | - | €1,284 | +€1,284 | |
| Furniture and vehicles | 24 | €3,982 | €3,070 | -€912 | -22.9% |
| Leasing and similar rights | 25 | €41,854 | €30,411 | -€11,443 | -27.3% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €108,304 | €237,199 | +€128,896 | +119.0% |
| Amounts receivable after more than one year | 29 | €4,000 | €4,000 | = | 0.0% |
| Other amounts receivable | 291 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,601 | €27,380 | +€7,780 | +39.7% |
| Trade receivables | 40 | €19,592 | €27,380 | +€7,789 | +39.8% |
| Other amounts receivable | 41 | €9 | €0 | -€9 | -100.0% |
| Current investments | 50/53 | - | €80,623 | +€80,623 | |
| Cash at bank and in hand | 54/58 | €83,373 | €123,769 | +€40,396 | +48.5% |
| Deferred charges and accrued income | 490/1 | €1,330 | €1,427 | +€97 | +7.3% |
| Total equity and liabilities | 10/49 | €156,639 | €274,464 | +€117,825 | +75.2% |
| Equity | 10/15 | €81,474 | €191,042 | +€109,568 | +134.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €79,474 | €189,042 | +€109,568 | +137.9% |
| Distributable reserves | 133 | €79,474 | €189,042 | +€109,568 | +137.9% |
| Amounts payable | 17/49 | €75,165 | €83,422 | +€8,257 | +11.0% |
| Amounts payable after more than one year | 17 | €26,709 | €16,666 | -€10,043 | -37.6% |
| Financial debts | 170/4 | €26,709 | €16,666 | -€10,043 | -37.6% |
| Amounts payable within one year | 42/48 | €48,457 | €66,756 | +€18,300 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €9,684 | €10,043 | +€358 | +3.7% |
| Trade debts | 44 | €5,283 | €482 | -€4,800 | -90.9% |
| Suppliers | 440/4 | €5,283 | €482 | -€4,800 | -90.9% |
| Taxes, remuneration and social security | 45 | €33,028 | €55,812 | +€22,785 | +69.0% |
| Taxes | 450/3 | €33,028 | €52,537 | +€19,510 | +59.1% |
| Remuneration and social security | 454/9 | - | €3,275 | +€3,275 | |
| Other amounts payable | 47/48 | €462 | €419 | -€43 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,939 | €12,514 | -€3,425 | -21.5% |
| Other operating charges | 640/8 | €3,372 | €1,970 | -€1,402 | -41.6% |
| Gross operating margin | 9900 | €123,656 | €170,464 | +€46,809 | +37.9% |
| Operating profit (loss) | 9901 | €104,345 | €155,980 | +€51,636 | +49.5% |
| Financial income | 75/76B | €0 | €103 | +€103 | +93554.5% |
| Recurring financial income | 75 | €0 | €103 | +€103 | +93554.5% |
| Financial charges | 65/66B | €2,475 | €10,633 | +€8,158 | +329.6% |
| Recurring financial charges | 65 | €2,475 | €10,633 | +€8,158 | +329.6% |
| Profit (loss) for the period before taxes | 9903 | €101,870 | €145,451 | +€43,581 | +42.8% |
| Income taxes | 67/77 | €22,396 | €35,882 | +€13,486 | +60.2% |
| Profit (loss) for the period | 9904 | €79,474 | €109,568 | +€30,095 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €79,474 | €109,568 | +€30,095 | +37.9% |
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 10 October 2026 via checked.be.