LLVE: what changed
Two fiscal 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.
LLVE
Largest movements
- Cash +€40,191
up €40,191 (+163.4%), from €24,593 to €64,784
mainly Net result for the year (+€26,175) and Investment in fixed assets (net) (+€19,688)
- Tangible fixed assets -€33,139
down €33,139 (-32.2%), from €102,984 to €69,845
of which Furniture and vehicles: -€31,712
- Receivables within one year +€3,682
up €3,682 (+16.4%), from €22,432 to €26,114
of which Other amounts receivable: +€2,693
- Reserves +€26,175
up €26,175 (+25.8%), from €101,547 to €127,721
- Debts after one year -€10,149
down €10,149 (-44.8%), from €22,636 to €12,486
- Trade debts -€3,274
down €3,274 (-53.7%), from €6,094 to €2,820
- Tax, wage and social debts -€2,502
down €2,502 (-27.6%), from €9,069 to €6,566
of which Taxes: -€2,502
- Gross operating margin -€8,615
down €8,615 (-11.3%), from €76,401 to €67,786
- Depreciation -€4,762
down €4,762 (-26.1%), from €18,213 to €13,451
- Taxes -€4,712
down €4,712 (-37.3%), from €12,638 to €7,927
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 | €150,009 | €160,743 | +€10,734 | +7.2% |
| Fixed assets | 21/28 | €102,984 | €69,845 | -€33,139 | -32.2% |
| Tangible fixed assets | 22/27 | €102,984 | €69,845 | -€33,139 | -32.2% |
| Land and buildings | 22 | €33,668 | €32,599 | -€1,069 | -3.2% |
| Plant, machinery and equipment | 23 | €1,553 | €1,194 | -€359 | -23.1% |
| Furniture and vehicles | 24 | €67,764 | €36,052 | -€31,712 | -46.8% |
| Current assets | 29/58 | €47,025 | €90,898 | +€43,873 | +93.3% |
| Amounts receivable within one year | 40/41 | €22,432 | €26,114 | +€3,682 | +16.4% |
| Trade receivables | 40 | €12,924 | €13,913 | +€989 | +7.7% |
| Other amounts receivable | 41 | €9,508 | €12,201 | +€2,693 | +28.3% |
| Cash at bank and in hand | 54/58 | €24,593 | €64,784 | +€40,191 | +163.4% |
| Total equity and liabilities | 10/49 | €150,009 | €160,743 | +€10,734 | +7.2% |
| Equity | 10/15 | €102,547 | €128,721 | +€26,175 | +25.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €101,547 | €127,721 | +€26,175 | +25.8% |
| Distributable reserves | 133 | €101,547 | €127,721 | +€26,175 | +25.8% |
| Amounts payable | 17/49 | €47,463 | €32,022 | -€15,440 | -32.5% |
| Amounts payable after more than one year | 17 | €22,636 | €12,486 | -€10,149 | -44.8% |
| Financial debts | 170/4 | €22,636 | €12,486 | -€10,149 | -44.8% |
| Amounts payable within one year | 42/48 | €24,827 | €19,536 | -€5,291 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €9,664 | €10,149 | +€485 | +5.0% |
| Trade debts | 44 | €6,094 | €2,820 | -€3,274 | -53.7% |
| Suppliers | 440/4 | €6,094 | €2,820 | -€3,274 | -53.7% |
| Taxes, remuneration and social security | 45 | €9,069 | €6,566 | -€2,502 | -27.6% |
| Taxes | 450/3 | €9,069 | €6,566 | -€2,502 | -27.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,213 | €13,451 | -€4,762 | -26.1% |
| Other operating charges | 640/8 | €647 | €649 | +€2 | +0.2% |
| Non-recurring operating charges | 66A | - | €18,035 | +€18,035 | |
| Gross operating margin | 9900 | €76,401 | €67,786 | -€8,615 | -11.3% |
| Operating profit (loss) | 9901 | €57,541 | €35,651 | -€21,890 | -38.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,806 | €1,550 | -€257 | -14.2% |
| Recurring financial charges | 65 | €1,806 | €1,550 | -€257 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €55,735 | €34,101 | -€21,633 | -38.8% |
| Income taxes | 67/77 | €12,638 | €7,927 | -€4,712 | -37.3% |
| Profit (loss) for the period | 9904 | €43,096 | €26,175 | -€16,922 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,096 | €26,175 | -€16,922 | -39.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.