LV CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year +€29,177
up €29,177 (+167.4%), from €17,426 to €46,602
of which Trade receivables: +€20,059
- Tangible fixed assets +€20,129
new in 2025: €20,129
- Cash +€16,688
up €16,688 (+120.9%), from €13,809 to €30,497
mainly Trade debts (+€36,532) and Net result for the year (+€17,963)
- Stocks and contracts +€15,000
new in 2025: €15,000
- Trade debts +€36,532
up €36,532 (+193.6%), from €18,873 to €55,405
- Profit (loss) carried forward +€17,963
up €17,963 (+271.3%), from €6,621 to €24,584
- Debts after one year +€16,072
new in 2025: €16,072
- Current portion of long-term debt +€6,391
new in 2025: €6,391
- Tax, wage and social debts +€3,367
up €3,367 (+193.5%), from €1,740 to €5,107
- Gross operating margin +€17,399
up €17,399 (+207.2%), from €8,396 to €25,795
- Taxes +€3,367
up €3,367 (+193.5%), from €1,740 to €5,107
- Depreciation +€1,331
new in 2025: €1,331
- Other operating charges +€822
new in 2025: €822
- Financial charges +€558
up €558 (+1587.6%), from €35 to €593
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 | €31,234 | €112,228 | +€80,994 | +259.3% |
| Fixed assets | 21/28 | - | €20,129 | +€20,129 | |
| Tangible fixed assets | 22/27 | - | €20,129 | +€20,129 | |
| Furniture and vehicles | 24 | - | €20,129 | +€20,129 | |
| Current assets | 29/58 | €31,234 | €92,099 | +€60,865 | +194.9% |
| Stocks and contracts in progress | 3 | - | €15,000 | +€15,000 | |
| Contracts in progress | 37 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €17,426 | €46,602 | +€29,177 | +167.4% |
| Trade receivables | 40 | €16,778 | €36,837 | +€20,059 | +119.6% |
| Other amounts receivable | 41 | €648 | €9,765 | +€9,118 | +1407.9% |
| Cash at bank and in hand | 54/58 | €13,809 | €30,497 | +€16,688 | +120.9% |
| Total equity and liabilities | 10/49 | €31,234 | €112,228 | +€80,994 | +259.3% |
| Equity | 10/15 | €10,621 | €28,584 | +€17,963 | +169.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,621 | €24,584 | +€17,963 | +271.3% |
| Amounts payable | 17/49 | €20,613 | €83,644 | +€63,031 | +305.8% |
| Amounts payable after more than one year | 17 | - | €16,072 | +€16,072 | |
| Financial debts | 170/4 | - | €16,072 | +€16,072 | |
| Amounts payable within one year | 42/48 | €20,613 | €67,572 | +€46,959 | +227.8% |
| Current portion of amounts payable after more than one year | 42 | - | €6,391 | +€6,391 | |
| Trade debts | 44 | €18,873 | €55,405 | +€36,532 | +193.6% |
| Suppliers | 440/4 | €18,873 | €55,405 | +€36,532 | +193.6% |
| Taxes, remuneration and social security | 45 | €1,740 | €5,107 | +€3,367 | +193.5% |
| Taxes | 450/3 | €1,740 | €5,107 | +€3,367 | +193.5% |
| Other amounts payable | 47/48 | - | €668 | +€668 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,331 | +€1,331 | |
| Other operating charges | 640/8 | - | €822 | +€822 | |
| Gross operating margin | 9900 | €8,396 | €25,795 | +€17,399 | +207.2% |
| Operating profit (loss) | 9901 | €8,396 | €23,642 | +€15,246 | +181.6% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €35 | €593 | +€558 | +1587.6% |
| Recurring financial charges | 65 | €35 | €593 | +€558 | +1587.6% |
| Profit (loss) for the period before taxes | 9903 | €8,361 | €23,071 | +€14,710 | +175.9% |
| Income taxes | 67/77 | €1,740 | €5,107 | +€3,367 | +193.5% |
| Profit (loss) for the period | 9904 | €6,621 | €17,963 | +€11,342 | +171.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,621 | €17,963 | +€11,342 | +171.3% |
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 29 September 2026 via checked.be.