LoV: 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.
LoV
Largest movements
- Receivables within one year -€24,088
down €24,088 (-74.3%), from €32,402 to €8,314
of which Trade receivables: -€15,578
- Cash +€7,579
up €7,579 (+629.7%), from €1,204 to €8,783
mainly Receivables within one year (+€24,088) and Tax, wage and social debts (+€4,016)
- Receivables after one year +€7,000
up €7,000 (+18.4%), from €38,000 to €45,000
- Reserves -€13,547
down €13,547 (-22.8%), from €59,532 to €45,985
- Tax, wage and social debts +€4,016
up €4,016 (+48.6%), from €8,257 to €12,273
- Gross operating margin -€20,904
down €20,904 (-88.4%), from €23,659 to €2,755
- Taxes -€4,240
down €4,240 (-51.4%), from €8,257 to €4,016
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 | €72,102 | €62,244 | -€9,858 | -13.7% |
| Fixed assets | 21/28 | €497 | €147 | -€349 | -70.3% |
| Tangible fixed assets | 22/27 | €497 | €147 | -€349 | -70.3% |
| Furniture and vehicles | 24 | €497 | €147 | -€349 | -70.3% |
| Current assets | 29/58 | €71,606 | €62,097 | -€9,509 | -13.3% |
| Amounts receivable after more than one year | 29 | €38,000 | €45,000 | +€7,000 | +18.4% |
| Other amounts receivable | 291 | €38,000 | €45,000 | +€7,000 | +18.4% |
| Amounts receivable within one year | 40/41 | €32,402 | €8,314 | -€24,088 | -74.3% |
| Trade receivables | 40 | €23,891 | €8,314 | -€15,578 | -65.2% |
| Other amounts receivable | 41 | €8,511 | €0 | -€8,511 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,204 | €8,783 | +€7,579 | +629.7% |
| Total equity and liabilities | 10/49 | €72,102 | €62,244 | -€9,858 | -13.7% |
| Equity | 10/15 | €62,032 | €48,485 | -€13,547 | -21.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €59,532 | €45,985 | -€13,547 | -22.8% |
| Distributable reserves | 133 | €59,532 | €45,985 | -€13,547 | -22.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €10,071 | €13,759 | +€3,689 | +36.6% |
| Amounts payable within one year | 42/48 | €10,071 | €13,759 | +€3,689 | +36.6% |
| Trade debts | 44 | €1,185 | €1,169 | -€16 | -1.4% |
| Suppliers | 440/4 | €1,185 | €1,169 | -€16 | -1.4% |
| Taxes, remuneration and social security | 45 | €8,257 | €12,273 | +€4,016 | +48.6% |
| Taxes | 450/3 | €8,257 | €12,273 | +€4,016 | +48.6% |
| Other amounts payable | 47/48 | €629 | €317 | -€311 | -49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €383 | €349 | -€34 | -8.8% |
| Other operating charges | 640/8 | €649 | €662 | +€12 | +1.9% |
| Gross operating margin | 9900 | €23,659 | €2,755 | -€20,904 | -88.4% |
| Operating profit (loss) | 9901 | €22,626 | €1,744 | -€20,883 | -92.3% |
| Financial income | 75/76B | €525 | €623 | +€98 | +18.6% |
| Recurring financial income | 75 | €525 | €623 | +€98 | +18.6% |
| Financial charges | 65/66B | €188 | €132 | -€56 | -30.0% |
| Recurring financial charges | 65 | €188 | €132 | -€56 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €22,963 | €2,234 | -€20,729 | -90.3% |
| Income taxes | 67/77 | €8,257 | €4,016 | -€4,240 | -51.4% |
| Profit (loss) for the period | 9904 | €14,706 | -€1,782 | -€16,489 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,706 | -€1,782 | -€16,489 |
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 29 September 2026 via checked.be.