LSV Consult: what changed
LSV Consult
Largest movements
- Deferred charges and accrued income +€13,977
up €13,977 (+5,659%), from €247 to €14,224
- Cash -€11,376
down €11,376 (-60.5%), from €18,811 to €7,435
mainly Contributions, distributions and other (-€15,550) and Deferred charges and accrued income (-€13,977)
- Receivables within one year +€10,576
up €10,576 (+51.0%), from €20,721 to €31,296
of which Other amounts receivable: +€24,000
- Tangible fixed assets -€4,786
no longer reported in 2025 (was €4,786)
- Current investments +€4,367
up €4,367 (+374%), from €1,169 to €5,536
- Contributions +€11,600
up €11,600 (+166%), from €7,000 to €18,600
- Short-term financial debts +€2,696
new in 2025: €2,696
- Reserves -€1,445
down €1,445 (-5.3%), from €27,192 to €25,747
- Other debts +€1,250
new in 2025: €1,250
- Tax, wage and social debts -€701
down €701 (-6.3%), from €11,041 to €10,340
- Gross operating margin +€8,593
up €8,593 (+29.5%), from €29,168 to €37,761
- Financial income +€1,290
up €1,290 (+510%), from €253 to €1,543
- Taxes +€1,105
up €1,105 (+14.4%), from €7,652 to €8,757
- Depreciation -€884
no longer reported in 2025 (was €884)
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,734 | €59,375 | +€13,641 | +29.8% |
| Fixed assets | 21/28 | €4,786 | €883 | -€3,903 | -81.6% |
| Tangible fixed assets | 22/27 | €4,786 | - | -€4,786 | |
| Furniture and vehicles | 24 | €4,786 | - | -€4,786 | |
| Financial fixed assets | 28 | - | €883 | +€883 | |
| Current assets | 29/58 | €40,947 | €58,492 | +€17,544 | +42.8% |
| Amounts receivable within one year | 40/41 | €20,721 | €31,296 | +€10,576 | +51.0% |
| Trade receivables | 40 | €13,424 | - | -€13,424 | |
| Other amounts receivable | 41 | €7,297 | €31,296 | +€24,000 | +329% |
| Current investments | 50/53 | €1,169 | €5,536 | +€4,367 | +374% |
| Cash at bank and in hand | 54/58 | €18,811 | €7,435 | -€11,376 | -60.5% |
| Deferred charges and accrued income | 490/1 | €247 | €14,224 | +€13,977 | +5,659% |
| Total equity and liabilities | 10/49 | €45,734 | €59,375 | +€13,641 | +29.8% |
| Equity | 10/15 | €34,192 | €44,347 | +€10,155 | +29.7% |
| Contributions | 10/11 | €7,000 | €18,600 | +€11,600 | +166% |
| Reserves | 13 | €27,192 | €25,747 | -€1,445 | -5.3% |
| Distributable reserves | 133 | €27,192 | €25,747 | -€1,445 | -5.3% |
| Amounts payable | 17/49 | €11,542 | €15,027 | +€3,486 | +30.2% |
| Amounts payable within one year | 42/48 | €11,542 | €15,027 | +€3,486 | +30.2% |
| Financial debts | 43 | - | €2,696 | +€2,696 | |
| Credit institutions | 430/8 | - | €2,696 | +€2,696 | |
| Trade debts | 44 | €500 | €741 | +€240 | +48.0% |
| Suppliers | 440/4 | €500 | €741 | +€240 | +48.0% |
| Taxes, remuneration and social security | 45 | €11,041 | €10,340 | -€701 | -6.3% |
| Taxes | 450/3 | €11,041 | €10,340 | -€701 | -6.3% |
| Other amounts payable | 47/48 | - | €1,250 | +€1,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €884 | - | -€884 | |
| Other operating charges | 640/8 | €759 | €400 | -€359 | -47.3% |
| Non-recurring operating charges | 66A | - | €4,175 | +€4,175 | |
| Gross operating margin | 9900 | €29,168 | €37,761 | +€8,593 | +29.5% |
| Operating profit (loss) | 9901 | €27,525 | €33,186 | +€5,661 | +20.6% |
| Financial income | 75/76B | €253 | €1,543 | +€1,290 | +510% |
| Recurring financial income | 75 | €253 | €1,543 | +€1,290 | +510% |
| Financial charges | 65/66B | €111 | €267 | +€155 | +140% |
| Recurring financial charges | 65 | €111 | €267 | +€155 | +140% |
| Profit (loss) for the period before taxes | 9903 | €27,667 | €34,462 | +€6,796 | +24.6% |
| Income taxes | 67/77 | €7,652 | €8,757 | +€1,105 | +14.4% |
| Profit (loss) for the period | 9904 | €20,014 | €25,705 | +€5,691 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,014 | €25,705 | +€5,691 | +28.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.