LV ADVICE: 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.
LV ADVICE
Largest movements
- Tangible fixed assets -€26,353
down €26,353 (-32.7%), from €80,676 to €54,323
of which Furniture and vehicles: -€34,803
- Receivables within one year -€11,829
down €11,829 (-24.7%), from €47,877 to €36,048
of which Trade receivables: -€31,560
- Cash +€5,194
up €5,194 (+159.3%), from €3,261 to €8,455
mainly Depreciation (+€36,953) and Receivables within one year (+€11,829)
- Financial fixed assets -€2,850
down €2,850 (-48.7%), from €5,850 to €3,000
- Debts after one year -€18,925
down €18,925 (-53.0%), from €35,736 to €16,812
- Tax, wage and social debts -€9,190
down €9,190 (-19.5%), from €47,101 to €37,911
of which Remuneration and social security: -€15,388
- Trade debts -€8,922
down €8,922 (-47.4%), from €18,805 to €9,883
- Current portion of long-term debt -€2,055
down €2,055 (-9.8%), from €20,979 to €18,925
- Accrued charges and deferred income +€2,000
up €2,000 (+6.7%), from €30,000 to €32,000
- Gross operating margin +€7,108
up €7,108 (+5.4%), from €131,224 to €138,332
- Staff costs +€2,222
up €2,222 (+2.7%), from €83,842 to €86,064
- Depreciation +€1,528
up €1,528 (+4.3%), from €35,425 to €36,953
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 | €171,195 | €134,823 | -€36,371 | -21.2% |
| Fixed assets | 21/28 | €86,526 | €57,323 | -€29,203 | -33.8% |
| Tangible fixed assets | 22/27 | €80,676 | €54,323 | -€26,353 | -32.7% |
| Plant, machinery and equipment | 23 | €4,170 | €2,667 | -€1,503 | -36.0% |
| Furniture and vehicles | 24 | €70,119 | €35,316 | -€34,803 | -49.6% |
| Other tangible fixed assets | 26 | €6,388 | €16,340 | +€9,952 | +155.8% |
| Financial fixed assets | 28 | €5,850 | €3,000 | -€2,850 | -48.7% |
| Current assets | 29/58 | €84,669 | €77,501 | -€7,168 | -8.5% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,877 | €36,048 | -€11,829 | -24.7% |
| Trade receivables | 40 | €34,660 | €3,100 | -€31,560 | -91.1% |
| Other amounts receivable | 41 | €13,217 | €32,948 | +€19,731 | +149.3% |
| Cash at bank and in hand | 54/58 | €3,261 | €8,455 | +€5,194 | +159.3% |
| Deferred charges and accrued income | 490/1 | €8,531 | €7,997 | -€534 | -6.3% |
| Total equity and liabilities | 10/49 | €171,195 | €134,823 | -€36,371 | -21.2% |
| Equity | 10/15 | €18,573 | €19,293 | +€720 | +3.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €15,073 | €15,793 | +€720 | +4.8% |
| Distributable reserves | 133 | €15,073 | €15,793 | +€720 | +4.8% |
| Amounts payable | 17/49 | €152,622 | €115,531 | -€37,091 | -24.3% |
| Amounts payable after more than one year | 17 | €35,736 | €16,812 | -€18,925 | -53.0% |
| Financial debts | 170/4 | €35,736 | €16,812 | -€18,925 | -53.0% |
| Amounts payable within one year | 42/48 | €86,886 | €66,719 | -€20,167 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €20,979 | €18,925 | -€2,055 | -9.8% |
| Trade debts | 44 | €18,805 | €9,883 | -€8,922 | -47.4% |
| Suppliers | 440/4 | €18,805 | €9,883 | -€8,922 | -47.4% |
| Taxes, remuneration and social security | 45 | €47,101 | €37,911 | -€9,190 | -19.5% |
| Taxes | 450/3 | €19,948 | €26,146 | +€6,198 | +31.1% |
| Remuneration and social security | 454/9 | €27,153 | €11,765 | -€15,388 | -56.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €30,000 | €32,000 | +€2,000 | +6.7% |
| Remuneration, social security and pensions | 62 | €83,842 | €86,064 | +€2,222 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,425 | €36,953 | +€1,528 | +4.3% |
| Other operating charges | 640/8 | €2,402 | €3,742 | +€1,340 | +55.8% |
| Gross operating margin | 9900 | €131,224 | €138,332 | +€7,108 | +5.4% |
| Operating profit (loss) | 9901 | €9,555 | €11,573 | +€2,018 | +21.1% |
| Financial income | 75/76B | €1,061 | €1,760 | +€698 | +65.8% |
| Recurring financial income | 75 | €1,061 | €1,760 | +€698 | +65.8% |
| Financial charges | 65/66B | €2,716 | €3,171 | +€455 | +16.8% |
| Recurring financial charges | 65 | €2,716 | €3,171 | +€455 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €7,901 | €10,162 | +€2,262 | +28.6% |
| Income taxes | 67/77 | €9,122 | €9,442 | +€320 | +3.5% |
| Profit (loss) for the period | 9904 | -€1,221 | €720 | +€1,941 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,221 | €720 | +€1,941 |
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 8 October 2026 via checked.be.