LKVF: 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.
LKVF
Largest movements
- Receivables within one year +€91,374
up €91,374 (+1,038%), from €8,800 to €100,174
of which Trade receivables: +€91,374
- Stocks and contracts -€79,833
down €79,833 (-32.7%), from €244,474 to €164,641
- Trade debts -€69,671
down €69,671 (-53.4%), from €130,570 to €60,898
- Profit (loss) carried forward +€46,718
up €46,718 (+193%), from €24,188 to €70,905
- Other debts +€25,005
new in 2025: €25,005
- Advances received +€24,253
up €24,253 (+21.9%), from €110,535 to €134,788
- Tax, wage and social debts -€15,464
down €15,464 (-93.5%), from €16,545 to €1,081
of which Taxes: -€11,246
- Turnover +€1.3m
up €1.3m (+37.0%), from €3.4m to €4.7m
- Purchases and services +€1.2m
up €1.2m (+35.0%), from €3.4m to €4.6m
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 | €303,045 | €312,677 | +€9,632 | +3.2% |
| Fixed assets | 21/28 | €1,874 | €1,314 | -€560 | -29.9% |
| Tangible fixed assets | 22/27 | €1,874 | €1,314 | -€560 | -29.9% |
| Furniture and vehicles | 24 | €1,874 | €1,314 | -€560 | -29.9% |
| Current assets | 29/58 | €301,171 | €311,363 | +€10,192 | +3.4% |
| Stocks and contracts in progress | 3 | €244,474 | €164,641 | -€79,833 | -32.7% |
| Stocks | 30/36 | €244,474 | €164,641 | -€79,833 | -32.7% |
| Amounts receivable within one year | 40/41 | €8,800 | €100,174 | +€91,374 | +1,038% |
| Trade receivables | 40 | €1,100 | €92,474 | +€91,374 | +8,305% |
| Other amounts receivable | 41 | €7,700 | €7,700 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,578 | €45,415 | -€1,163 | -2.5% |
| Deferred charges and accrued income | 490/1 | €1,318 | €1,133 | -€185 | -14.0% |
| Total equity and liabilities | 10/49 | €303,045 | €312,677 | +€9,632 | +3.2% |
| Equity | 10/15 | €44,188 | €90,905 | +€46,718 | +106% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,188 | €70,905 | +€46,718 | +193% |
| Amounts payable | 17/49 | €258,857 | €221,772 | -€37,085 | -14.3% |
| Amounts payable within one year | 42/48 | €257,649 | €221,772 | -€35,877 | -13.9% |
| Trade debts | 44 | €130,570 | €60,898 | -€69,671 | -53.4% |
| Suppliers | 440/4 | €130,570 | €60,898 | -€69,671 | -53.4% |
| Advances received on contracts in progress | 46 | €110,535 | €134,788 | +€24,253 | +21.9% |
| Taxes, remuneration and social security | 45 | €16,545 | €1,081 | -€15,464 | -93.5% |
| Taxes | 450/3 | €12,327 | €1,081 | -€11,246 | -91.2% |
| Remuneration and social security | 454/9 | €4,218 | - | -€4,218 | |
| Other amounts payable | 47/48 | - | €25,005 | +€25,005 | |
| Accrued charges and deferred income | 492/3 | €1,208 | - | -€1,208 | |
| Turnover | 70 | €3,445,405 | €4,718,913 | +€1.3m | +37.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,388,275 | €4,574,955 | +€1.2m | +35.0% |
| Remuneration, social security and pensions | 62 | €15,703 | €39,407 | +€23,704 | +151% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €584 | +€584 | |
| Other operating charges | 640/8 | €63 | €129 | +€66 | +104% |
| Gross operating margin | 9900 | €57,129 | €96,298 | +€39,169 | +68.6% |
| Operating profit (loss) | 9901 | €41,363 | €56,178 | +€14,815 | +35.8% |
| Financial income | 75/76B | €1 | €67 | +€66 | +6,276% |
| Recurring financial income | 75 | €1 | €67 | +€66 | +6,276% |
| Financial charges | 65/66B | €496 | €630 | +€134 | +27.0% |
| Recurring financial charges | 65 | €496 | €630 | +€134 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €40,869 | €55,615 | +€14,746 | +36.1% |
| Income taxes | 67/77 | - | €8,897 | +€8,897 | |
| Profit (loss) for the period | 9904 | €40,869 | €46,718 | +€5,849 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,869 | €46,718 | +€5,849 | +14.3% |
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 30 October 2026 via checked.be.