LV CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year -€15,290
down €15,290 (-74.7%), from €20,480 to €5,190
of which Trade receivables: -€15,026
- Cash +€8,193
up €8,193 (+29.3%), from €27,960 to €36,153
mainly Receivables within one year (+€15,290) and Net result for the year (+€11,153)
- Tangible fixed assets +€2,581
up €2,581 (+23.5%), from €10,981 to €13,562
of which Furniture and vehicles: +€7,922
- Other debts -€6,719
down €6,719 (-55.4%), from €12,134 to €5,415
- Reserves +€5,453
up €5,453 (+22.7%), from €24,048 to €29,501
- Tax, wage and social debts -€2,003
down €2,003 (-11.2%), from €17,844 to €15,841
of which Taxes: -€1,226
- Trade debts -€1,988
down €1,988 (-88.7%), from €2,241 to €253
- Debts after one year -€1,190
down €1,190 (-28.4%), from €4,184 to €2,994
- Gross operating margin -€12,648
down €12,648 (-37.7%), from €33,580 to €20,932
- Taxes -€2,494
down €2,494 (-33.5%), from €7,439 to €4,945
- Financial charges -€581
down €581 (-30.4%), from €1,911 to €1,330
- Other operating charges +€359
up €359 (+52.9%), from €679 to €1,038
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 | €61,716 | €56,593 | -€5,123 | -8.3% |
| Fixed assets | 21/28 | €10,981 | €13,562 | +€2,581 | +23.5% |
| Tangible fixed assets | 22/27 | €10,981 | €13,562 | +€2,581 | +23.5% |
| Furniture and vehicles | 24 | €5,640 | €13,562 | +€7,922 | +140.5% |
| Leasing and similar rights | 25 | €5,341 | - | -€5,341 | |
| Current assets | 29/58 | €50,735 | €43,031 | -€7,704 | -15.2% |
| Amounts receivable within one year | 40/41 | €20,480 | €5,190 | -€15,290 | -74.7% |
| Trade receivables | 40 | €20,045 | €5,019 | -€15,026 | -75.0% |
| Other amounts receivable | 41 | €435 | €171 | -€264 | -60.7% |
| Cash at bank and in hand | 54/58 | €27,960 | €36,153 | +€8,193 | +29.3% |
| Deferred charges and accrued income | 490/1 | €2,295 | €1,688 | -€607 | -26.4% |
| Total equity and liabilities | 10/49 | €61,716 | €56,593 | -€5,123 | -8.3% |
| Equity | 10/15 | €24,049 | €29,502 | +€5,453 | +22.7% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €24,048 | €29,501 | +€5,453 | +22.7% |
| Distributable reserves | 133 | €24,048 | €29,501 | +€5,453 | +22.7% |
| Amounts payable | 17/49 | €37,667 | €27,091 | -€10,576 | -28.1% |
| Amounts payable after more than one year | 17 | €4,184 | €2,994 | -€1,190 | -28.4% |
| Financial debts | 170/4 | €4,184 | €2,994 | -€1,190 | -28.4% |
| Amounts payable within one year | 42/48 | €33,483 | €23,052 | -€10,431 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €1,264 | €1,543 | +€279 | +22.1% |
| Trade debts | 44 | €2,241 | €253 | -€1,988 | -88.7% |
| Suppliers | 440/4 | €2,241 | €253 | -€1,988 | -88.7% |
| Taxes, remuneration and social security | 45 | €17,844 | €15,841 | -€2,003 | -11.2% |
| Taxes | 450/3 | €12,190 | €10,964 | -€1,226 | -10.1% |
| Remuneration and social security | 454/9 | €5,654 | €4,877 | -€777 | -13.7% |
| Other amounts payable | 47/48 | €12,134 | €5,415 | -€6,719 | -55.4% |
| Accrued charges and deferred income | 492/3 | - | €1,045 | +€1,045 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,665 | €2,484 | -€181 | -6.8% |
| Other operating charges | 640/8 | €679 | €1,038 | +€359 | +52.9% |
| Gross operating margin | 9900 | €33,580 | €20,932 | -€12,648 | -37.7% |
| Operating profit (loss) | 9901 | €30,236 | €17,410 | -€12,826 | -42.4% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €1,911 | €1,330 | -€581 | -30.4% |
| Recurring financial charges | 65 | €1,911 | €1,330 | -€581 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €28,325 | €16,098 | -€12,227 | -43.2% |
| Income taxes | 67/77 | €7,439 | €4,945 | -€2,494 | -33.5% |
| Profit (loss) for the period | 9904 | €20,886 | €11,153 | -€9,733 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,886 | €11,153 | -€9,733 | -46.6% |
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 4 October 2026 via checked.be.