LV-Consulting: 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-Consulting
Largest movements
- Tangible fixed assets +€653,041
up €653,041 (+25.3%), from €2.6m to €3.2m
of which Land and buildings: +€690,276
- Cash -€242,944
down €242,944 (-90.9%), from €267,118 to €24,175
mainly Investment in fixed assets (net) (-€749,232) and Tax, wage and social debts (-€13,772)
- Short-term financial debts +€255,157
up €255,157 (+110%), from €232,347 to €487,504
- Debts after one year +€185,460
up €185,460 (+10.1%), from €1.8m to €2.0m
- Depreciation +€26,122
up €26,122 (+35.1%), from €74,419 to €100,541
- Gross operating margin +€24,140
up €24,140 (+15.9%), from €151,978 to €176,118
- Financial charges +€12,656
up €12,656 (+19.6%), from €64,535 to €77,191
- Financial income +€10,749
up €10,749 (+686%), from €1,567 to €12,316
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 | €2,889,585 | €3,305,840 | +€416,255 | +14.4% |
| Fixed assets | 21/28 | €2,581,479 | €3,230,170 | +€648,691 | +25.1% |
| Tangible fixed assets | 22/27 | €2,576,879 | €3,229,920 | +€653,041 | +25.3% |
| Land and buildings | 22 | €2,498,864 | €3,189,141 | +€690,276 | +27.6% |
| Furniture and vehicles | 24 | €78,015 | €40,779 | -€37,235 | -47.7% |
| Financial fixed assets | 28 | €4,600 | €250 | -€4,350 | -94.6% |
| Current assets | 29/58 | €308,106 | €75,670 | -€232,436 | -75.4% |
| Amounts receivable within one year | 40/41 | €37,445 | €47,744 | +€10,299 | +27.5% |
| Trade receivables | 40 | €28,283 | €33,233 | +€4,950 | +17.5% |
| Other amounts receivable | 41 | €9,163 | €14,511 | +€5,349 | +58.4% |
| Cash at bank and in hand | 54/58 | €267,118 | €24,175 | -€242,944 | -90.9% |
| Deferred charges and accrued income | 490/1 | €3,543 | €3,751 | +€209 | +5.9% |
| Total equity and liabilities | 10/49 | €2,889,585 | €3,305,840 | +€416,255 | +14.4% |
| Equity | 10/15 | €659,588 | €662,959 | +€3,371 | +0.5% |
| Contributions | 10/11 | €312,400 | €312,400 | = | 0.0% |
| Reserves | 13 | €347,188 | €350,559 | +€3,371 | +1.0% |
| Tax-exempt reserves | 132 | €420 | €420 | = | 0.0% |
| Distributable reserves | 133 | €346,768 | €350,140 | +€3,371 | +1.0% |
| Amounts payable | 17/49 | €2,229,997 | €2,642,881 | +€412,884 | +18.5% |
| Amounts payable after more than one year | 17 | €1,837,185 | €2,022,646 | +€185,460 | +10.1% |
| Financial debts | 170/4 | €1,837,185 | €2,022,646 | +€185,460 | +10.1% |
| Amounts payable within one year | 42/48 | €380,812 | €602,629 | +€221,817 | +58.2% |
| Current portion of amounts payable after more than one year | 42 | €102,808 | €89,814 | -€12,995 | -12.6% |
| Financial debts | 43 | €232,347 | €487,504 | +€255,157 | +110% |
| Credit institutions | 430/8 | €232,347 | €487,504 | +€255,157 | +110% |
| Trade debts | 44 | €29,885 | €18,717 | -€11,168 | -37.4% |
| Suppliers | 440/4 | €29,885 | €18,717 | -€11,168 | -37.4% |
| Taxes, remuneration and social security | 45 | €15,772 | €2,000 | -€13,772 | -87.3% |
| Taxes | 450/3 | €13,613 | €0 | -€13,613 | -100% |
| Remuneration and social security | 454/9 | €2,159 | €2,000 | -€159 | -7.4% |
| Other amounts payable | 47/48 | - | €4,594 | +€4,594 | |
| Accrued charges and deferred income | 492/3 | €12,000 | €17,606 | +€5,606 | +46.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,419 | €100,541 | +€26,122 | +35.1% |
| Other operating charges | 640/8 | €3,851 | €5,040 | +€1,189 | +30.9% |
| Non-recurring operating charges | 66A | €4,386 | €1,169 | -€3,217 | -73.3% |
| Gross operating margin | 9900 | €151,978 | €176,118 | +€24,140 | +15.9% |
| Operating profit (loss) | 9901 | €69,321 | €69,368 | +€47 | +0.1% |
| Financial income | 75/76B | €1,567 | €12,316 | +€10,749 | +686% |
| Recurring financial income | 75 | €1,567 | €12,316 | +€10,749 | +686% |
| Financial charges | 65/66B | €64,535 | €77,191 | +€12,656 | +19.6% |
| Recurring financial charges | 65 | €64,535 | €77,191 | +€12,656 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €6,354 | €4,494 | -€1,860 | -29.3% |
| Income taxes | 67/77 | €2,395 | €1,123 | -€1,272 | -53.1% |
| Profit (loss) for the period | 9904 | €3,959 | €3,371 | -€588 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,959 | €3,371 | -€588 | -14.9% |
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 19 October 2026 via checked.be.