LSV CONCEPTS: 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.
LSV CONCEPTS
Largest movements
- Receivables within one year -€366
down €366 (-9.2%), from €3,964 to €3,599
of which Other amounts receivable: -€366
- Cash +€294
up €294 (+1,653%), from €18 to €311
mainly Other debts (+€769) and Receivables within one year (+€366)
- Profit (loss) carried forward -€864
down €864 (-9.7%), from -€8,923 to -€9,787
- Other debts +€769
up €769 (+11.7%), from €6,569 to €7,339
- Gross operating margin +€596
up €596 (+47.9%), from -€1,245 to -€649
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 | €3,982 | €3,910 | -€72 | -1.8% |
| Current assets | 29/58 | €3,982 | €3,910 | -€72 | -1.8% |
| Amounts receivable within one year | 40/41 | €3,964 | €3,599 | -€366 | -9.2% |
| Trade receivables | 40 | €3,560 | €3,560 | = | 0.0% |
| Other amounts receivable | 41 | €404 | €39 | -€366 | -90.5% |
| Cash at bank and in hand | 54/58 | €18 | €311 | +€294 | +1,653% |
| Total equity and liabilities | 10/49 | €3,982 | €3,910 | -€72 | -1.8% |
| Equity | 10/15 | -€2,587 | -€3,451 | -€864 | -33.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €136 | €136 | = | 0.0% |
| Distributable reserves | 133 | €136 | €136 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,923 | -€9,787 | -€864 | -9.7% |
| Amounts payable | 17/49 | €6,569 | €7,361 | +€792 | +12.0% |
| Amounts payable within one year | 42/48 | €6,569 | €7,361 | +€792 | +12.0% |
| Trade debts | 44 | - | €22 | +€22 | |
| Suppliers | 440/4 | - | €22 | +€22 | |
| Other amounts payable | 47/48 | €6,569 | €7,339 | +€769 | +11.7% |
| Other operating charges | 640/8 | €168 | €170 | +€2 | +1.2% |
| Gross operating margin | 9900 | -€1,245 | -€649 | +€596 | +47.9% |
| Operating profit (loss) | 9901 | -€1,413 | -€819 | +€594 | +42.0% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,458 | -€864 | +€594 | +40.7% |
| Profit (loss) for the period | 9904 | -€1,458 | -€864 | +€594 | +40.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,458 | -€864 | +€594 | +40.7% |
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 31 October 2026 via checked.be.