LV-426: 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.
LV-426
Largest movements
- Cash -€7,543
down €7,543 (-49.6%), from €15,194 to €7,651
mainly Net result for the year (-€10,929) and Tax, wage and social debts (-€4,355)
- Receivables within one year -€2,409
down €2,409 (-40.0%), from €6,022 to €3,612
of which Other amounts receivable: -€2,212
- Tangible fixed assets -€1,335
down €1,335 (-59.4%), from €2,249 to €914
of which Plant, machinery and equipment: -€1,011
- Profit (loss) carried forward -€10,929
down €10,929 (-21.7%), from -€50,385 to -€61,314
- Tax, wage and social debts -€4,355
down €4,355 (-48.4%), from €9,007 to €4,652
of which Remuneration and social security: -€4,013
- Trade debts +€4,018
up €4,018 (+339%), from €1,184 to €5,202
- Turnover -€33,439
down €33,439 (-15.4%), from €216,610 to €183,171
- Gross operating margin -€20,719
down €20,719 (-23.5%), from €88,196 to €67,477
- Staff costs -€12,349
down €12,349 (-16.6%), from €74,236 to €61,888
- Purchases and services -€11,746
down €11,746 (-9.1%), from €128,553 to €116,807
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 | €27,454 | €16,189 | -€11,265 | -41.0% |
| Fixed assets | 21/28 | €2,249 | €914 | -€1,335 | -59.4% |
| Tangible fixed assets | 22/27 | €2,249 | €914 | -€1,335 | -59.4% |
| Plant, machinery and equipment | 23 | €1,642 | €632 | -€1,011 | -61.5% |
| Furniture and vehicles | 24 | €606 | €282 | -€324 | -53.5% |
| Current assets | 29/58 | €25,206 | €15,276 | -€9,930 | -39.4% |
| Stocks and contracts in progress | 3 | €3,990 | €4,013 | +€23 | +0.6% |
| Stocks | 30/36 | €3,990 | €4,013 | +€23 | +0.6% |
| Amounts receivable within one year | 40/41 | €6,022 | €3,612 | -€2,409 | -40.0% |
| Trade receivables | 40 | €1,407 | €1,210 | -€197 | -14.0% |
| Other amounts receivable | 41 | €4,614 | €2,402 | -€2,212 | -47.9% |
| Cash at bank and in hand | 54/58 | €15,194 | €7,651 | -€7,543 | -49.6% |
| Total equity and liabilities | 10/49 | €27,454 | €16,189 | -€11,265 | -41.0% |
| Equity | 10/15 | €17,264 | €6,335 | -€10,929 | -63.3% |
| Contributions | 10/11 | €29,747 | €29,747 | = | 0.0% |
| Contributions outside capital | 11 | €29,747 | - | -€29,747 | |
| Other | 1109/19 | €29,747 | - | -€29,747 | |
| Reserves | 13 | €37,902 | €37,902 | = | 0.0% |
| Distributable reserves | 133 | €37,902 | €37,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,385 | -€61,314 | -€10,929 | -21.7% |
| Amounts payable | 17/49 | €10,190 | €9,854 | -€336 | -3.3% |
| Amounts payable within one year | 42/48 | €10,190 | €9,854 | -€336 | -3.3% |
| Trade debts | 44 | €1,184 | €5,202 | +€4,018 | +339% |
| Suppliers | 440/4 | €1,184 | €5,202 | +€4,018 | +339% |
| Taxes, remuneration and social security | 45 | €9,007 | €4,652 | -€4,355 | -48.4% |
| Taxes | 450/3 | €2,941 | €2,599 | -€342 | -11.6% |
| Remuneration and social security | 454/9 | €6,066 | €2,053 | -€4,013 | -66.2% |
| Turnover | 70 | €216,610 | €183,171 | -€33,439 | -15.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €128,553 | €116,807 | -€11,746 | -9.1% |
| Remuneration, social security and pensions | 62 | €74,236 | €61,888 | -€12,349 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,044 | €1,335 | -€709 | -34.7% |
| Other operating charges | 640/8 | €1,105 | €1,140 | +€35 | +3.2% |
| Non-recurring operating charges | 66A | - | €9,051 | +€9,051 | |
| Gross operating margin | 9900 | €88,196 | €67,477 | -€20,719 | -23.5% |
| Operating profit (loss) | 9901 | €10,811 | -€5,937 | -€16,748 | |
| Financial income | 75/76B | €48 | €24 | -€24 | -49.1% |
| Recurring financial income | 75 | €48 | €24 | -€24 | -49.1% |
| Financial charges | 65/66B | €5,964 | €5,016 | -€948 | -15.9% |
| Recurring financial charges | 65 | €5,964 | €5,016 | -€948 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €4,895 | -€10,929 | -€15,823 | |
| Profit (loss) for the period | 9904 | €4,895 | -€10,929 | -€15,823 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,895 | -€10,929 | -€15,823 |
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 14 October 2026 via checked.be.