LCVL: 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.
LCVL
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€125,433
up €125,433 (+163%), from €76,933 to €202,365
- Reserves -€61,748
down €61,748 (-12.0%), from €513,917 to €452,169
- Debts after one year -€44,977
no longer reported in 2025 (was €44,977)
- Advances received -€30,000
no longer reported in 2025 (was €30,000)
- Tax, wage and social debts +€17,423
up €17,423 (+106%), from €16,427 to €33,850
of which Taxes: +€15,471
- Financial income +€30,000
up €30,000 (+149,999,900%), from €0 to €30,000
- Gross operating margin +€20,637
up €20,637 (+24.7%), from €83,434 to €104,071
- Taxes +€10,085
up €10,085 (+39.6%), from €25,450 to €35,535
- Financial charges -€1,515
down €1,515 (-39.7%), from €3,817 to €2,301
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 | €766,914 | €772,984 | +€6,069 | +0.8% |
| Fixed assets | 21/28 | €663,789 | €663,789 | = | 0.0% |
| Financial fixed assets | 28 | €663,789 | €663,789 | = | 0.0% |
| Current assets | 29/58 | €103,126 | €109,195 | +€6,069 | +5.9% |
| Amounts receivable within one year | 40/41 | €79,839 | €80,179 | +€341 | +0.4% |
| Trade receivables | 40 | €51,495 | €66,550 | +€15,055 | +29.2% |
| Other amounts receivable | 41 | €28,344 | €13,629 | -€14,715 | -51.9% |
| Cash at bank and in hand | 54/58 | €23,287 | €29,016 | +€5,729 | +24.6% |
| Total equity and liabilities | 10/49 | €766,914 | €772,984 | +€6,069 | +0.8% |
| Equity | 10/15 | €543,917 | €482,169 | -€61,748 | -11.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €513,917 | €452,169 | -€61,748 | -12.0% |
| Distributable reserves | 133 | €513,917 | €452,169 | -€61,748 | -12.0% |
| Profit (loss) carried forward | 14 | €0 | - | -€0 | |
| Amounts payable | 17/49 | €222,997 | €290,815 | +€67,817 | +30.4% |
| Amounts payable after more than one year | 17 | €44,977 | - | -€44,977 | |
| Financial debts | 170/4 | €44,977 | - | -€44,977 | |
| Amounts payable within one year | 42/48 | €177,957 | €290,783 | +€112,825 | +63.4% |
| Current portion of amounts payable after more than one year | 42 | €43,511 | €44,955 | +€1,444 | +3.3% |
| Trade debts | 44 | €11,086 | €9,612 | -€1,474 | -13.3% |
| Suppliers | 440/4 | €11,086 | €9,612 | -€1,474 | -13.3% |
| Advances received on contracts in progress | 46 | €30,000 | - | -€30,000 | |
| Taxes, remuneration and social security | 45 | €16,427 | €33,850 | +€17,423 | +106% |
| Taxes | 450/3 | €11,246 | €26,717 | +€15,471 | +138% |
| Remuneration and social security | 454/9 | €5,181 | €7,133 | +€1,952 | +37.7% |
| Other amounts payable | 47/48 | €76,933 | €202,365 | +€125,433 | +163% |
| Accrued charges and deferred income | 492/3 | €63 | €32 | -€31 | -49.2% |
| Other operating charges | 640/8 | €472 | €88 | -€385 | -81.4% |
| Gross operating margin | 9900 | €83,434 | €104,071 | +€20,637 | +24.7% |
| Operating profit (loss) | 9901 | €82,962 | €103,983 | +€21,022 | +25.3% |
| Financial income | 75/76B | €0 | €30,000 | +€30,000 | +149,999,900% |
| Recurring financial income | 75 | €0 | €30,000 | +€30,000 | +149,999,900% |
| Financial charges | 65/66B | €3,817 | €2,301 | -€1,515 | -39.7% |
| Recurring financial charges | 65 | €3,817 | €2,301 | -€1,515 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €79,145 | €131,682 | +€52,537 | +66.4% |
| Income taxes | 67/77 | €25,450 | €35,535 | +€10,085 | +39.6% |
| Profit (loss) for the period | 9904 | €53,695 | €96,147 | +€42,452 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,695 | €96,147 | +€42,452 | +79.1% |
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 28 October 2026 via checked.be.