LL VET: 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.
LL VET
Largest movements
- Tangible fixed assets -€79,887
no longer reported in 2025 (was €79,887)
of which Land and buildings: -€78,697
- Cash +€20,151
up €20,151 (+191.1%), from €10,545 to €30,695
mainly Investment in fixed assets (net) (+€79,887) and Receivables within one year (+€1,485)
- Receivables within one year -€1,485
down €1,485 (-45.0%), from €3,299 to €1,814
of which Trade receivables: -€1,644
- Debts after one year -€54,678
no longer reported in 2025 (was €54,678)
- Profit (loss) carried forward -€4,500
down €4,500 (-13.9%), from -€32,412 to -€36,913
- Current portion of long-term debt -€2,042
no longer reported in 2025 (was €2,042)
- Gross operating margin +€9,193
up €9,193 (+752.0%), from €1,223 to €10,416
- Depreciation -€2,132
no longer reported in 2025 (was €2,132)
- Financial charges +€815
up €815 (+30.7%), from €2,653 to €3,468
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 | €93,730 | €32,509 | -€61,221 | -65.3% |
| Fixed assets | 21/28 | €79,887 | - | -€79,887 | |
| Tangible fixed assets | 22/27 | €79,887 | - | -€79,887 | |
| Land and buildings | 22 | €78,697 | €0 | -€78,697 | -100.0% |
| Assets under construction and advance payments | 27 | €1,190 | - | -€1,190 | |
| Current assets | 29/58 | €13,843 | €32,509 | +€18,666 | +134.8% |
| Amounts receivable within one year | 40/41 | €3,299 | €1,814 | -€1,485 | -45.0% |
| Trade receivables | 40 | €2,735 | €1,090 | -€1,644 | -60.1% |
| Other amounts receivable | 41 | €564 | €724 | +€160 | +28.3% |
| Cash at bank and in hand | 54/58 | €10,545 | €30,695 | +€20,151 | +191.1% |
| Total equity and liabilities | 10/49 | €93,730 | €32,509 | -€61,221 | -65.3% |
| Equity | 10/15 | €12,588 | €8,087 | -€4,500 | -35.8% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,412 | -€36,913 | -€4,500 | -13.9% |
| Amounts payable | 17/49 | €81,143 | €24,422 | -€56,721 | -69.9% |
| Amounts payable after more than one year | 17 | €54,678 | - | -€54,678 | |
| Financial debts | 170/4 | €54,678 | - | -€54,678 | |
| Amounts payable within one year | 42/48 | €26,464 | €24,422 | -€2,042 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €2,042 | - | -€2,042 | |
| Other amounts payable | 47/48 | €24,422 | €24,422 | +€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,132 | - | -€2,132 | |
| Non-recurring operating charges | 66A | - | €11,448 | +€11,448 | |
| Gross operating margin | 9900 | €1,223 | €10,416 | +€9,193 | +752.0% |
| Operating profit (loss) | 9901 | -€909 | -€1,032 | -€123 | -13.5% |
| Financial charges | 65/66B | €2,653 | €3,468 | +€815 | +30.7% |
| Recurring financial charges | 65 | €2,653 | €3,468 | +€815 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,562 | -€4,500 | -€938 | -26.3% |
| Profit (loss) for the period | 9904 | -€3,562 | -€4,500 | -€938 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,562 | -€4,500 | -€938 | -26.3% |
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 9 October 2026 via checked.be.