Lo.Val 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.
Lo.Val Management
Largest movements
- Cash +€4,685
up €4,685 (+409%), from €1,147 to €5,832
mainly Net result for the year (+€9,343) and Tax, wage and social debts (+€2,859)
- Debts after one year -€9,729
down €9,729 (-20.4%), from €47,751 to €38,022
- Profit (loss) carried forward +€9,343
up €9,343 (+126%), from €7,436 to €16,779
- Tax, wage and social debts +€2,859
up €2,859 (+90.9%), from €3,147 to €6,006
- Trade debts +€2,021
up €2,021 (+93.4%), from €2,164 to €4,184
- Gross operating margin +€4,612
up €4,612 (+42.6%), from €10,817 to €15,429
- Taxes +€1,434
up €1,434 (+71.7%), from €2,000 to €3,434
- Financial charges -€1,064
down €1,064 (-29.8%), from €3,570 to €2,506
- Other operating charges +€189
new in 2025: €189
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 | €100,389 | €105,474 | +€5,085 | +5.1% |
| Fixed assets | 21/28 | €95,000 | €95,000 | = | 0.0% |
| Financial fixed assets | 28 | €95,000 | €95,000 | = | 0.0% |
| Current assets | 29/58 | €5,389 | €10,474 | +€5,085 | +94.4% |
| Amounts receivable within one year | 40/41 | €4,242 | €4,642 | +€399 | +9.4% |
| Trade receivables | 40 | €3,141 | €4,642 | +€1,500 | +47.8% |
| Other amounts receivable | 41 | €1,101 | - | -€1,101 | |
| Cash at bank and in hand | 54/58 | €1,147 | €5,832 | +€4,685 | +409% |
| Total equity and liabilities | 10/49 | €100,389 | €105,474 | +€5,085 | +5.1% |
| Equity | 10/15 | €17,436 | €26,779 | +€9,343 | +53.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,436 | €16,779 | +€9,343 | +126% |
| Amounts payable | 17/49 | €82,953 | €78,695 | -€4,258 | -5.1% |
| Amounts payable after more than one year | 17 | €47,751 | €38,022 | -€9,729 | -20.4% |
| Financial debts | 170/4 | €47,751 | €38,022 | -€9,729 | -20.4% |
| Amounts payable within one year | 42/48 | €35,202 | €40,673 | +€5,471 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €10,070 | €11,001 | +€931 | +9.2% |
| Trade debts | 44 | €2,164 | €4,184 | +€2,021 | +93.4% |
| Suppliers | 440/4 | €2,164 | €4,184 | +€2,021 | +93.4% |
| Taxes, remuneration and social security | 45 | €3,147 | €6,006 | +€2,859 | +90.9% |
| Taxes | 450/3 | €3,147 | €6,006 | +€2,859 | +90.9% |
| Other amounts payable | 47/48 | €19,822 | €19,482 | -€340 | -1.7% |
| Other operating charges | 640/8 | - | €189 | +€189 | |
| Gross operating margin | 9900 | €10,817 | €15,429 | +€4,612 | +42.6% |
| Operating profit (loss) | 9901 | €10,817 | €15,240 | +€4,423 | +40.9% |
| Financial income | 75/76B | - | €43 | +€43 | |
| Recurring financial income | 75 | - | €43 | +€43 | |
| Financial charges | 65/66B | €3,570 | €2,506 | -€1,064 | -29.8% |
| Recurring financial charges | 65 | €3,570 | €2,506 | -€1,064 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €7,247 | €12,777 | +€5,530 | +76.3% |
| Income taxes | 67/77 | €2,000 | €3,434 | +€1,434 | +71.7% |
| Profit (loss) for the period | 9904 | €5,247 | €9,343 | +€4,096 | +78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,247 | €9,343 | +€4,096 | +78.1% |
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 22 October 2026 via checked.be.