LV Gestion: 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 Gestion
Largest movements
- Cash -€22,392
down €22,392 (-21.6%), from €103,432 to €81,040
mainly Contributions, distributions and other (-€174,294) and Tax, wage and social debts (-€12,466)
- Receivables within one year +€5,985
up €5,985 (+107%), from €5,615 to €11,600
of which Other amounts receivable: +€5,454
- Tangible fixed assets -€2,062
down €2,062 (-50.0%), from €4,127 to €2,065
- Reserves -€71,431
down €71,431 (-95.9%), from €74,492 to €3,060
- Other debts +€64,907
up €64,907 (+27,331%), from €237 to €65,145
- Tax, wage and social debts -€12,466
down €12,466 (-37.3%), from €33,445 to €20,979
- Gross operating margin +€37,318
up €37,318 (+37.8%), from €98,758 to €136,076
- Taxes +€10,160
up €10,160 (+52.4%), from €19,403 to €29,563
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 | €113,174 | €94,738 | -€18,436 | -16.3% |
| Fixed assets | 21/28 | €4,127 | €2,065 | -€2,062 | -50.0% |
| Tangible fixed assets | 22/27 | €4,127 | €2,065 | -€2,062 | -50.0% |
| Furniture and vehicles | 24 | €4,127 | €2,065 | -€2,062 | -50.0% |
| Current assets | 29/58 | €109,047 | €92,673 | -€16,374 | -15.0% |
| Amounts receivable within one year | 40/41 | €5,615 | €11,600 | +€5,985 | +107% |
| Trade receivables | 40 | - | €531 | +€531 | |
| Other amounts receivable | 41 | €5,615 | €11,069 | +€5,454 | +97.1% |
| Cash at bank and in hand | 54/58 | €103,432 | €81,040 | -€22,392 | -21.6% |
| Deferred charges and accrued income | 490/1 | - | €33 | +€33 | |
| Total equity and liabilities | 10/49 | €113,174 | €94,738 | -€18,436 | -16.3% |
| Equity | 10/15 | €79,492 | €8,060 | -€71,431 | -89.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €74,492 | €3,060 | -€71,431 | -95.9% |
| Distributable reserves | 133 | €74,492 | €3,060 | -€71,431 | -95.9% |
| Amounts payable | 17/49 | €33,682 | €86,677 | +€52,995 | +157% |
| Amounts payable within one year | 42/48 | €33,682 | €86,677 | +€52,995 | +157% |
| Trade debts | 44 | - | €554 | +€554 | |
| Suppliers | 440/4 | - | €554 | +€554 | |
| Taxes, remuneration and social security | 45 | €33,445 | €20,979 | -€12,466 | -37.3% |
| Taxes | 450/3 | €33,445 | €20,979 | -€12,466 | -37.3% |
| Other amounts payable | 47/48 | €237 | €65,145 | +€64,907 | +27,331% |
| Remuneration, social security and pensions | 62 | €2,016 | €992 | -€1,024 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,011 | €2,062 | +€51 | +2.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €98,758 | €136,076 | +€37,318 | +37.8% |
| Operating profit (loss) | 9901 | €94,344 | €132,622 | +€38,279 | +40.6% |
| Financial charges | 65/66B | €485 | €197 | -€288 | -59.4% |
| Recurring financial charges | 65 | €485 | €197 | -€288 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | €93,859 | €132,426 | +€38,567 | +41.1% |
| Income taxes | 67/77 | €19,403 | €29,563 | +€10,160 | +52.4% |
| Profit (loss) for the period | 9904 | €74,456 | €102,863 | +€28,407 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,456 | €102,863 | +€28,407 | +38.2% |
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 22 October 2026 via checked.be.