LV Engineering: 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 Engineering
Largest movements
- Receivables within one year +€12,743
up €12,743 (+1499.7%), from €850 to €13,592
of which Trade receivables: +€11,828
- Deferred charges and accrued income -€3,607
no longer reported in 2025 (was €3,607)
- Cash +€2,441
up €2,441 (+4.0%), from €61,737 to €64,177
mainly Net result for the year (+€48,446) and Deferred charges and accrued income (+€3,607)
- Tangible fixed assets -€942
no longer reported in 2025 (was €942)
of which Furniture and vehicles: -€505
- Reserves +€10,416
up €10,416 (+28.0%), from €37,171 to €47,587
- Trade debts +€1,725
new in 2025: €1,725
- Tax, wage and social debts -€1,506
down €1,506 (-13.3%), from €11,365 to €9,859
- Gross operating margin +€8,079
up €8,079 (+14.6%), from €55,483 to €63,562
- Depreciation -€1,699
down €1,699 (-64.3%), from €2,641 to €942
- Other operating charges +€787
new in 2025: €787
- Taxes -€712
down €712 (-5.1%), from €13,962 to €13,250
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 | €67,136 | €77,770 | +€10,634 | +15.8% |
| Fixed assets | 21/28 | €942 | - | -€942 | |
| Tangible fixed assets | 22/27 | €942 | - | -€942 | |
| Plant, machinery and equipment | 23 | €437 | - | -€437 | |
| Furniture and vehicles | 24 | €505 | - | -€505 | |
| Current assets | 29/58 | €66,193 | €77,770 | +€11,576 | +17.5% |
| Amounts receivable within one year | 40/41 | €850 | €13,592 | +€12,743 | +1499.7% |
| Trade receivables | 40 | €841 | €12,669 | +€11,828 | +1406.5% |
| Other amounts receivable | 41 | €9 | €924 | +€915 | +10457.3% |
| Cash at bank and in hand | 54/58 | €61,737 | €64,177 | +€2,441 | +4.0% |
| Deferred charges and accrued income | 490/1 | €3,607 | - | -€3,607 | |
| Total equity and liabilities | 10/49 | €67,136 | €77,770 | +€10,634 | +15.8% |
| Equity | 10/15 | €55,771 | €66,187 | +€10,416 | +18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,171 | €47,587 | +€10,416 | +28.0% |
| Distributable reserves | 133 | €37,171 | €47,587 | +€10,416 | +28.0% |
| Amounts payable | 17/49 | €11,365 | €11,583 | +€218 | +1.9% |
| Amounts payable within one year | 42/48 | €11,365 | €11,583 | +€218 | +1.9% |
| Trade debts | 44 | - | €1,725 | +€1,725 | |
| Suppliers | 440/4 | - | €1,725 | +€1,725 | |
| Taxes, remuneration and social security | 45 | €11,365 | €9,859 | -€1,506 | -13.3% |
| Taxes | 450/3 | €11,365 | €9,859 | -€1,506 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,641 | €942 | -€1,699 | -64.3% |
| Other operating charges | 640/8 | - | €787 | +€787 | |
| Gross operating margin | 9900 | €55,483 | €63,562 | +€8,079 | +14.6% |
| Operating profit (loss) | 9901 | €52,842 | €61,833 | +€8,991 | +17.0% |
| Financial charges | 65/66B | €43 | €138 | +€94 | +216.5% |
| Recurring financial charges | 65 | €43 | €138 | +€94 | +216.5% |
| Profit (loss) for the period before taxes | 9903 | €52,798 | €61,695 | +€8,897 | +16.9% |
| Income taxes | 67/77 | €13,962 | €13,250 | -€712 | -5.1% |
| Profit (loss) for the period | 9904 | €38,837 | €48,446 | +€9,609 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,837 | €48,446 | +€9,609 | +24.7% |
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 6 October 2026 via checked.be.