LV-GROUP: 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-GROUP
Largest movements
- Tangible fixed assets -€34,969
down €34,969 (-4.0%), from €877,459 to €842,490
of which Land and buildings: -€26,634
- Cash +€22,554
up €22,554 (+323.2%), from €6,978 to €29,532
mainly Depreciation (+€40,018) and Net result for the year (+€20,821)
- Receivables within one year -€16,803
down €16,803 (-71.8%), from €23,390 to €6,586
of which Other amounts receivable: -€17,978
- Debts after one year -€54,873
down €54,873 (-13.8%), from €396,197 to €341,324
- Profit (loss) carried forward +€20,821
up €20,821 (+10.3%), from €201,670 to €222,491
- Depreciation -€3,800
down €3,800 (-8.7%), from €43,818 to €40,018
- Gross operating margin +€1,601
up €1,601 (+2.0%), from €78,402 to €80,004
- Financial charges +€1,437
up €1,437 (+22.2%), from €6,480 to €7,917
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 | €909,695 | €880,332 | -€29,363 | -3.2% |
| Fixed assets | 21/28 | €877,459 | €842,490 | -€34,969 | -4.0% |
| Tangible fixed assets | 22/27 | €877,459 | €842,490 | -€34,969 | -4.0% |
| Land and buildings | 22 | €816,863 | €790,229 | -€26,634 | -3.3% |
| Plant, machinery and equipment | 23 | €7,241 | €5,309 | -€1,932 | -26.7% |
| Furniture and vehicles | 24 | €37,839 | €31,958 | -€5,881 | -15.5% |
| Other tangible fixed assets | 26 | €15,516 | €14,995 | -€521 | -3.4% |
| Current assets | 29/58 | €32,236 | €37,842 | +€5,606 | +17.4% |
| Amounts receivable within one year | 40/41 | €23,390 | €6,586 | -€16,803 | -71.8% |
| Trade receivables | 40 | €1,352 | €2,527 | +€1,175 | +86.9% |
| Other amounts receivable | 41 | €22,038 | €4,060 | -€17,978 | -81.6% |
| Cash at bank and in hand | 54/58 | €6,978 | €29,532 | +€22,554 | +323.2% |
| Deferred charges and accrued income | 490/1 | €1,869 | €1,724 | -€145 | -7.8% |
| Total equity and liabilities | 10/49 | €909,695 | €880,332 | -€29,363 | -3.2% |
| Equity | 10/15 | €401,670 | €422,491 | +€20,821 | +5.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,670 | €222,491 | +€20,821 | +10.3% |
| Amounts payable | 17/49 | €508,025 | €457,841 | -€50,183 | -9.9% |
| Amounts payable after more than one year | 17 | €396,197 | €341,324 | -€54,873 | -13.8% |
| Financial debts | 170/4 | €396,197 | €341,324 | -€54,873 | -13.8% |
| Amounts payable within one year | 42/48 | €111,827 | €116,517 | +€4,690 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €53,535 | €54,873 | +€1,339 | +2.5% |
| Trade debts | 44 | €3,236 | €6,644 | +€3,408 | +105.3% |
| Suppliers | 440/4 | €3,236 | €6,644 | +€3,408 | +105.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €55,057 | €55,000 | -€57 | -0.1% |
| Remuneration, social security and pensions | 62 | €254 | €297 | +€43 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,818 | €40,018 | -€3,800 | -8.7% |
| Other operating charges | 640/8 | €3,664 | €3,773 | +€109 | +3.0% |
| Gross operating margin | 9900 | €78,402 | €80,004 | +€1,601 | +2.0% |
| Operating profit (loss) | 9901 | €30,666 | €35,915 | +€5,249 | +17.1% |
| Financial income | 75/76B | €172 | €195 | +€23 | +13.4% |
| Recurring financial income | 75 | €172 | €195 | +€23 | +13.4% |
| Financial charges | 65/66B | €6,480 | €7,917 | +€1,437 | +22.2% |
| Recurring financial charges | 65 | €6,480 | €7,917 | +€1,437 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €24,358 | €28,193 | +€3,835 | +15.7% |
| Income taxes | 67/77 | €6,639 | €7,373 | +€734 | +11.1% |
| Profit (loss) for the period | 9904 | €17,720 | €20,821 | +€3,101 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,720 | €20,821 | +€3,101 | +17.5% |
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 12 October 2026 via checked.be.