LV COMMUNICATIONS: 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 COMMUNICATIONS
Largest movements
- Cash -€254,550
down €254,550 (-60.1%), from €423,228 to €168,678
mainly Current investments (-€230,724) and Contributions, distributions and other (-€57,017)
- Current investments +€230,724
up €230,724 (+456%), from €50,652 to €281,376
- Tangible fixed assets -€30,819
down €30,819 (-12.0%), from €255,941 to €225,122
- Debts after one year -€27,622
down €27,622 (-19.0%), from €145,571 to €117,948
- Reserves -€13,539
down €13,539 (-3.4%), from €402,496 to €388,957
- Trade debts -€8,493
down €8,493 (-74.3%), from €11,431 to €2,938
of which Bills of exchange payable: -€5,140
- Gross operating margin +€7,692
up €7,692 (+8.8%), from €87,093 to €94,785
- Taxes +€2,756
up €2,756 (+19.3%), from €14,279 to €17,035
- Financial income +€1,653
up €1,653 (+110%), from €1,504 to €3,157
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 | €773,191 | €719,302 | -€53,889 | -7.0% |
| Fixed assets | 21/28 | €256,276 | €225,457 | -€30,819 | -12.0% |
| Tangible fixed assets | 22/27 | €255,941 | €225,122 | -€30,819 | -12.0% |
| Land and buildings | 22 | €102,342 | €93,161 | -€9,181 | -9.0% |
| Plant, machinery and equipment | 23 | €2,840 | €1,922 | -€918 | -32.3% |
| Furniture and vehicles | 24 | €40,396 | €29,676 | -€10,720 | -26.5% |
| Other tangible fixed assets | 26 | €110,364 | €100,363 | -€10,000 | -9.1% |
| Financial fixed assets | 28 | €335 | €335 | = | 0.0% |
| Current assets | 29/58 | €516,915 | €493,844 | -€23,070 | -4.5% |
| Amounts receivable within one year | 40/41 | €43,035 | €43,790 | +€755 | +1.8% |
| Trade receivables | 40 | €31,858 | €24,023 | -€7,835 | -24.6% |
| Other amounts receivable | 41 | €11,177 | €19,767 | +€8,590 | +76.9% |
| Current investments | 50/53 | €50,652 | €281,376 | +€230,724 | +456% |
| Cash at bank and in hand | 54/58 | €423,228 | €168,678 | -€254,550 | -60.1% |
| Total equity and liabilities | 10/49 | €773,191 | €719,302 | -€53,889 | -7.0% |
| Equity | 10/15 | €570,702 | €557,164 | -€13,539 | -2.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €402,496 | €388,957 | -€13,539 | -3.4% |
| Distributable reserves | 133 | €402,496 | €388,957 | -€13,539 | -3.4% |
| Profit (loss) carried forward | 14 | €155,807 | €155,807 | = | 0.0% |
| Amounts payable | 17/49 | €202,489 | €162,138 | -€40,351 | -19.9% |
| Amounts payable after more than one year | 17 | €145,571 | €117,948 | -€27,622 | -19.0% |
| Financial debts | 170/4 | €145,571 | €117,948 | -€27,622 | -19.0% |
| Amounts payable within one year | 42/48 | €56,918 | €44,190 | -€12,728 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €26,877 | €27,622 | +€745 | +2.8% |
| Trade debts | 44 | €11,431 | €2,938 | -€8,493 | -74.3% |
| Suppliers | 440/4 | €6,291 | €2,938 | -€3,353 | -53.3% |
| Bills of exchange payable | 441 | €5,140 | - | -€5,140 | |
| Taxes, remuneration and social security | 45 | €9,811 | €4,871 | -€4,940 | -50.3% |
| Taxes | 450/3 | €9,811 | €2,950 | -€6,861 | -69.9% |
| Remuneration and social security | 454/9 | - | €1,922 | +€1,922 | |
| Other amounts payable | 47/48 | €8,799 | €8,758 | -€41 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,935 | €30,819 | -€116 | -0.4% |
| Other operating charges | 640/8 | €1,524 | €1,585 | +€60 | +3.9% |
| Gross operating margin | 9900 | €87,093 | €94,785 | +€7,692 | +8.8% |
| Operating profit (loss) | 9901 | €54,634 | €62,382 | +€7,748 | +14.2% |
| Financial income | 75/76B | €1,504 | €3,157 | +€1,653 | +110% |
| Recurring financial income | 75 | €1,504 | €3,157 | +€1,653 | +110% |
| Financial charges | 65/66B | €5,717 | €5,025 | -€692 | -12.1% |
| Recurring financial charges | 65 | €5,717 | €5,025 | -€692 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €50,421 | €60,513 | +€10,092 | +20.0% |
| Income taxes | 67/77 | €14,279 | €17,035 | +€2,756 | +19.3% |
| Profit (loss) for the period | 9904 | €36,142 | €43,478 | +€7,336 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,142 | €43,478 | +€7,336 | +20.3% |
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 21 October 2026 via checked.be.