LV-HOLD: 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-HOLD
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves +€130,226
up €130,226 (+11.1%), from €1.2m to €1.3m
- Debts after one year -€96,453
down €96,453 (-14.9%), from €646,453 to €550,000
- Tax, wage and social debts -€42,300
down €42,300 (-93.4%), from €45,300 to €3,000
- Financial income -€142,697
down €142,697 (-42.3%), from €337,092 to €194,395
- Taxes -€13,000
down €13,000 (-50.0%), from €26,000 to €13,000
- Financial charges +€3,385
up €3,385 (+7.5%), from €44,881 to €48,266
- Gross operating margin +€276
up €276 (+13.4%), from -€2,061 to -€1,785
- Other operating charges -€136
down €136 (-10.8%), from €1,254 to €1,118
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 | €3,037,783 | €3,054,133 | +€16,350 | +0.5% |
| Fixed assets | 21/28 | €3,000,000 | €3,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,000,000 | €3,000,000 | = | 0.0% |
| Current assets | 29/58 | €37,783 | €54,133 | +€16,350 | +43.3% |
| Amounts receivable within one year | 40/41 | €14,892 | €15,270 | +€378 | +2.5% |
| Trade receivables | 40 | €13,108 | €13,108 | = | 0.0% |
| Other amounts receivable | 41 | €1,784 | €2,162 | +€378 | +21.2% |
| Cash at bank and in hand | 54/58 | €22,891 | €38,863 | +€15,972 | +69.8% |
| Total equity and liabilities | 10/49 | €3,037,783 | €3,054,133 | +€16,350 | +0.5% |
| Equity | 10/15 | €1,369,782 | €1,500,008 | +€130,226 | +9.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,169,782 | €1,300,008 | +€130,226 | +11.1% |
| Distributable reserves | 133 | €1,169,782 | €1,300,008 | +€130,226 | +11.1% |
| Amounts payable | 17/49 | €1,668,001 | €1,554,125 | -€113,876 | -6.8% |
| Amounts payable after more than one year | 17 | €646,453 | €550,000 | -€96,453 | -14.9% |
| Financial debts | 170/4 | €646,453 | €550,000 | -€96,453 | -14.9% |
| Amounts payable within one year | 42/48 | €1,001,944 | €978,900 | -€23,044 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €343,197 | €346,453 | +€3,256 | +0.9% |
| Trade debts | 44 | €13,447 | €29,447 | +€16,000 | +119% |
| Suppliers | 440/4 | €13,447 | €29,447 | +€16,000 | +119% |
| Taxes, remuneration and social security | 45 | €45,300 | €3,000 | -€42,300 | -93.4% |
| Taxes | 450/3 | €45,300 | €3,000 | -€42,300 | -93.4% |
| Other amounts payable | 47/48 | €600,000 | €600,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €19,604 | €25,225 | +€5,621 | +28.7% |
| Other operating charges | 640/8 | €1,254 | €1,118 | -€136 | -10.8% |
| Gross operating margin | 9900 | -€2,061 | -€1,785 | +€276 | +13.4% |
| Operating profit (loss) | 9901 | -€3,315 | -€2,903 | +€412 | +12.4% |
| Financial income | 75/76B | €337,092 | €194,395 | -€142,697 | -42.3% |
| Recurring financial income | 75 | €337,092 | €194,395 | -€142,697 | -42.3% |
| Financial charges | 65/66B | €44,881 | €48,266 | +€3,385 | +7.5% |
| Recurring financial charges | 65 | €44,881 | €48,266 | +€3,385 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €288,896 | €143,226 | -€145,670 | -50.4% |
| Income taxes | 67/77 | €26,000 | €13,000 | -€13,000 | -50.0% |
| Profit (loss) for the period | 9904 | €262,896 | €130,226 | -€132,670 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €262,896 | €130,226 | -€132,670 | -50.5% |
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 30 October 2026 via checked.be.