LLVB: 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.
LLVB
Largest movements
- Cash -€14,180
down €14,180 (-60.3%), from €23,498 to €9,317
mainly Net result for the year (-€29,545) and Receivables within one year (-€10,296)
- Receivables within one year +€10,296
up €10,296 (+33.6%), from €30,663 to €40,958
of which Other amounts receivable: +€11,389
- Tangible fixed assets -€1,246
down €1,246 (-23.3%), from €5,343 to €4,097
- Profit (loss) carried forward -€29,545
down €29,545 (-40.3%), from -€73,326 to -€102,871
- Tax, wage and social debts +€23,088
up €23,088 (+66.1%), from €34,938 to €58,027
of which Taxes: +€13,768
- Trade debts -€10,222
down €10,222 (-10.2%), from €100,042 to €89,820
- Advances received +€10,072
new in 2025: €10,072
- Other debts +€903
up €903 (+7.6%), from €11,931 to €12,833
- Gross operating margin -€27,972
down €27,972 (-14.0%), from €200,364 to €172,393
- Financial charges -€6,503
down €6,503 (-54.4%), from €11,957 to €5,454
- Staff costs +€4,357
up €4,357 (+2.3%), from €188,861 to €193,218
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 | €81,646 | €75,941 | -€5,704 | -7.0% |
| Fixed assets | 21/28 | €10,667 | €9,421 | -€1,246 | -11.7% |
| Tangible fixed assets | 22/27 | €5,343 | €4,097 | -€1,246 | -23.3% |
| Plant, machinery and equipment | 23 | €5,343 | €4,097 | -€1,246 | -23.3% |
| Financial fixed assets | 28 | €5,324 | €5,324 | = | 0.0% |
| Current assets | 29/58 | €70,978 | €66,520 | -€4,458 | -6.3% |
| Stocks and contracts in progress | 3 | €16,818 | €16,244 | -€574 | -3.4% |
| Stocks | 30/36 | €16,818 | €16,244 | -€574 | -3.4% |
| Amounts receivable within one year | 40/41 | €30,663 | €40,958 | +€10,296 | +33.6% |
| Trade receivables | 40 | €1,094 | - | -€1,094 | |
| Other amounts receivable | 41 | €29,569 | €40,958 | +€11,389 | +38.5% |
| Cash at bank and in hand | 54/58 | €23,498 | €9,317 | -€14,180 | -60.3% |
| Total equity and liabilities | 10/49 | €81,646 | €75,941 | -€5,704 | -7.0% |
| Equity | 10/15 | -€65,266 | -€94,811 | -€29,545 | -45.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,326 | -€102,871 | -€29,545 | -40.3% |
| Amounts payable | 17/49 | €146,911 | €170,752 | +€23,841 | +16.2% |
| Amounts payable within one year | 42/48 | €146,911 | €170,752 | +€23,841 | +16.2% |
| Trade debts | 44 | €100,042 | €89,820 | -€10,222 | -10.2% |
| Suppliers | 440/4 | €100,042 | €89,820 | -€10,222 | -10.2% |
| Advances received on contracts in progress | 46 | - | €10,072 | +€10,072 | |
| Taxes, remuneration and social security | 45 | €34,938 | €58,027 | +€23,088 | +66.1% |
| Taxes | 450/3 | €18,230 | €31,999 | +€13,768 | +75.5% |
| Remuneration and social security | 454/9 | €16,708 | €26,028 | +€9,320 | +55.8% |
| Other amounts payable | 47/48 | €11,931 | €12,833 | +€903 | +7.6% |
| Remuneration, social security and pensions | 62 | €188,861 | €193,218 | +€4,357 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,162 | €2,821 | +€659 | +30.5% |
| Other operating charges | 640/8 | €53 | €106 | +€53 | +100% |
| Gross operating margin | 9900 | €200,364 | €172,393 | -€27,972 | -14.0% |
| Operating profit (loss) | 9901 | €9,288 | -€23,752 | -€33,040 | |
| Financial income | 75/76B | €0 | €62 | +€62 | +17,181% |
| Recurring financial income | 75 | €0 | €62 | +€62 | +17,181% |
| Financial charges | 65/66B | €11,957 | €5,454 | -€6,503 | -54.4% |
| Recurring financial charges | 65 | €11,957 | €5,454 | -€6,503 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,669 | -€29,144 | -€26,475 | -992% |
| Income taxes | 67/77 | €612 | €401 | -€211 | -34.4% |
| Profit (loss) for the period | 9904 | -€3,281 | -€29,545 | -€26,265 | -801% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,281 | -€29,545 | -€26,265 | -801% |
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 14 October 2026 via checked.be.