LNV Management: 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.
LNV Management
Largest movements
- Receivables within one year +€20,137
up €20,137 (+333.0%), from €6,048 to €26,185
of which Other amounts receivable: +€14,716
- Current investments -€12,542
down €12,542 (-80.1%), from €15,661 to €3,119
- Tangible fixed assets -€2,153
down €2,153 (-13.0%), from €16,532 to €14,378
of which Other tangible fixed assets: -€1,642
- Trade debts +€3,563
up €3,563 (+19.0%), from €18,775 to €22,339
- Tax, wage and social debts +€2,947
up €2,947 (+117.6%), from €2,506 to €5,453
- Reserves -€941
down €941 (-7.2%), from €13,029 to €12,088
- Gross operating margin +€9,361
up €9,361, from -€4,615 to €4,746
- Financial charges +€3,400
up €3,400 (+1037.9%), from €328 to €3,728
- Financial income +€998
up €998 (+932.6%), from €107 to €1,105
- Depreciation +€96
up €96 (+5.8%), from €1,639 to €1,735
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 | €43,310 | €48,880 | +€5,569 | +12.9% |
| Fixed assets | 21/28 | €16,532 | €14,378 | -€2,153 | -13.0% |
| Tangible fixed assets | 22/27 | €16,532 | €14,378 | -€2,153 | -13.0% |
| Plant, machinery and equipment | 23 | €511 | - | -€511 | |
| Other tangible fixed assets | 26 | €16,021 | €14,378 | -€1,642 | -10.3% |
| Current assets | 29/58 | €26,779 | €34,501 | +€7,723 | +28.8% |
| Amounts receivable within one year | 40/41 | €6,048 | €26,185 | +€20,137 | +333.0% |
| Trade receivables | 40 | €3,966 | €9,387 | +€5,422 | +136.7% |
| Other amounts receivable | 41 | €2,082 | €16,798 | +€14,716 | +706.7% |
| Current investments | 50/53 | €15,661 | €3,119 | -€12,542 | -80.1% |
| Cash at bank and in hand | 54/58 | €4,913 | €5,011 | +€98 | +2.0% |
| Deferred charges and accrued income | 490/1 | €157 | €186 | +€29 | +18.4% |
| Total equity and liabilities | 10/49 | €43,310 | €48,880 | +€5,569 | +12.9% |
| Equity | 10/15 | €22,029 | €21,088 | -€941 | -4.3% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €13,029 | €12,088 | -€941 | -7.2% |
| Distributable reserves | 133 | €13,029 | €12,088 | -€941 | -7.2% |
| Amounts payable | 17/49 | €21,281 | €27,792 | +€6,511 | +30.6% |
| Amounts payable within one year | 42/48 | €21,281 | €27,792 | +€6,511 | +30.6% |
| Trade debts | 44 | €18,775 | €22,339 | +€3,563 | +19.0% |
| Suppliers | 440/4 | €18,775 | €22,339 | +€3,563 | +19.0% |
| Taxes, remuneration and social security | 45 | €2,506 | €5,453 | +€2,947 | +117.6% |
| Taxes | 450/3 | €2,506 | €5,453 | +€2,947 | +117.6% |
| Non-recurring operating income | 76A | €1,194 | €13,246 | +€12,053 | +1009.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,639 | €1,735 | +€96 | +5.8% |
| Other operating charges | 640/8 | €746 | €768 | +€22 | +3.0% |
| Non-recurring operating charges | 66A | - | €419 | +€419 | |
| Gross operating margin | 9900 | -€4,615 | €4,746 | +€9,361 | |
| Operating profit (loss) | 9901 | -€7,000 | €1,825 | +€8,825 | |
| Financial income | 75/76B | €107 | €1,105 | +€998 | +932.6% |
| Recurring financial income | 75 | €107 | €1,105 | +€998 | +932.6% |
| Financial charges | 65/66B | €328 | €3,728 | +€3,400 | +1037.9% |
| Recurring financial charges | 65 | €328 | €3,728 | +€3,400 | +1037.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,221 | -€798 | +€6,422 | +88.9% |
| Income taxes | 67/77 | €157 | €143 | -€14 | -8.8% |
| Profit (loss) for the period | 9904 | -€7,378 | -€941 | +€6,436 | +87.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,378 | -€941 | +€6,436 | +87.2% |
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 11 October 2026 via checked.be.