LKV Society: 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.
LKV Society
Largest movements
- Cash +€42,350
up €42,350 (+45.5%), from €93,010 to €135,360
mainly Depreciation (+€50,677) and Net result for the year (+€31,040)
- Intangible fixed assets -€37,375
down €37,375 (-11.0%), from €339,173 to €301,798
- Receivables within one year +€7,259
up €7,259 (+38.3%), from €18,966 to €26,225
of which Trade receivables: +€7,137
- Debts after one year -€76,881
down €76,881 (-22.8%), from €337,229 to €260,348
of which Financial debts: -€72,392
- Profit (loss) carried forward +€31,040
up €31,040 (+174%), from €17,804 to €48,844
- Tax, wage and social debts +€20,589
up €20,589 (+25.2%), from €81,544 to €102,132
of which Taxes: +€19,158
- Current portion of long-term debt +€15,529
up €15,529 (+22.6%), from €68,597 to €84,126
- Trade debts +€8,114
up €8,114 (+16.5%), from €49,162 to €57,276
- Gross operating margin -€276,944
down €276,944 (-27.1%), from €1.0m to €745,697
- Staff costs -€209,888
down €209,888 (-25.5%), from €822,243 to €612,355
- Financial charges -€33,757
down €33,757 (-47.9%), from €70,527 to €36,770
- Depreciation -€18,852
down €18,852 (-27.1%), from €69,529 to €50,677
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 | €613,471 | €622,267 | +€8,795 | +1.4% |
| Fixed assets | 21/28 | €380,000 | €347,198 | -€32,802 | -8.6% |
| Intangible fixed assets | 21 | €339,173 | €301,798 | -€37,375 | -11.0% |
| Tangible fixed assets | 22/27 | €40,587 | €45,159 | +€4,573 | +11.3% |
| Plant, machinery and equipment | 23 | €29,405 | €32,401 | +€2,996 | +10.2% |
| Furniture and vehicles | 24 | €11,182 | €12,759 | +€1,577 | +14.1% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €233,472 | €275,069 | +€41,598 | +17.8% |
| Stocks and contracts in progress | 3 | €116,502 | €111,984 | -€4,518 | -3.9% |
| Stocks | 30/36 | €116,502 | €111,984 | -€4,518 | -3.9% |
| Amounts receivable within one year | 40/41 | €18,966 | €26,225 | +€7,259 | +38.3% |
| Trade receivables | 40 | €4,552 | €11,690 | +€7,137 | +157% |
| Other amounts receivable | 41 | €14,414 | €14,535 | +€122 | +0.8% |
| Cash at bank and in hand | 54/58 | €93,010 | €135,360 | +€42,350 | +45.5% |
| Deferred charges and accrued income | 490/1 | €4,994 | €1,500 | -€3,494 | -70.0% |
| Total equity and liabilities | 10/49 | €613,471 | €622,267 | +€8,795 | +1.4% |
| Equity | 10/15 | €57,804 | €88,844 | +€31,040 | +53.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,804 | €48,844 | +€31,040 | +174% |
| Amounts payable | 17/49 | €555,667 | €533,422 | -€22,245 | -4.0% |
| Amounts payable after more than one year | 17 | €337,229 | €260,348 | -€76,881 | -22.8% |
| Financial debts | 170/4 | €331,811 | €259,419 | -€72,392 | -21.8% |
| Trade debts | 175 | €5,417 | €929 | -€4,489 | -82.9% |
| Amounts payable within one year | 42/48 | €218,312 | €266,206 | +€47,894 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €68,597 | €84,126 | +€15,529 | +22.6% |
| Financial debts | 43 | €12,383 | €16,509 | +€4,126 | +33.3% |
| Other loans | 439 | €12,383 | €16,509 | +€4,126 | +33.3% |
| Trade debts | 44 | €49,162 | €57,276 | +€8,114 | +16.5% |
| Suppliers | 440/4 | €49,162 | €57,276 | +€8,114 | +16.5% |
| Taxes, remuneration and social security | 45 | €81,544 | €102,132 | +€20,589 | +25.2% |
| Taxes | 450/3 | €8,549 | €27,707 | +€19,158 | +224% |
| Remuneration and social security | 454/9 | €72,995 | €74,425 | +€1,431 | +2.0% |
| Other amounts payable | 47/48 | €6,626 | €6,162 | -€464 | -7.0% |
| Accrued charges and deferred income | 492/3 | €127 | €6,869 | +€6,742 | +5,330% |
| Remuneration, social security and pensions | 62 | €822,243 | €612,355 | -€209,888 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,529 | €50,677 | -€18,852 | -27.1% |
| Other operating charges | 640/8 | €9,122 | €5,279 | -€3,843 | -42.1% |
| Gross operating margin | 9900 | €1,022,641 | €745,697 | -€276,944 | -27.1% |
| Operating profit (loss) | 9901 | €121,747 | €77,386 | -€44,361 | -36.4% |
| Financial income | 75/76B | €171 | €604 | +€433 | +254% |
| Recurring financial income | 75 | €171 | €604 | +€433 | +254% |
| Financial charges | 65/66B | €70,527 | €36,770 | -€33,757 | -47.9% |
| Recurring financial charges | 65 | €70,527 | €36,770 | -€33,757 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €51,391 | €41,220 | -€10,171 | -19.8% |
| Income taxes | 67/77 | €13,586 | €10,180 | -€3,407 | -25.1% |
| Profit (loss) for the period | 9904 | €37,804 | €31,040 | -€6,765 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,804 | €31,040 | -€6,765 | -17.9% |
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 27 October 2026 via checked.be.