LV Industries: 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 Industries
Largest movements
- Receivables within one year +€154,666
up €154,666 (+163%), from €94,735 to €249,400
of which Trade receivables: +€154,159
- Receivables after one year +€99,942
up €99,942 (+80.4%), from €124,334 to €224,276
- Deferred charges and accrued income -€21,588
down €21,588 (-53.5%), from €40,384 to €18,797
- Financial fixed assets +€8,600
up €8,600 (+27.6%), from €31,200 to €39,800
- Tax, wage and social debts +€153,145
up €153,145 (+115%), from €133,237 to €286,382
of which Remuneration and social security: +€77,282
- Trade debts +€59,408
up €59,408 (+226%), from €26,261 to €85,669
- Short-term financial debts +€24,881
up €24,881 (+148%), from €16,778 to €41,659
- Accrued charges and deferred income -€20,781
no longer reported in 2025 (was €20,781)
- Advances received +€19,298
up €19,298 (+62.5%), from €30,889 to €50,187
- Staff costs +€161,696
up €161,696 (+39.4%), from €410,854 to €572,550
- Gross operating margin +€150,158
up €150,158 (+32.4%), from €463,513 to €613,671
- Taxes +€16,699
up €16,699 (+334%), from €5,000 to €21,699
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 | €335,935 | €573,994 | +€238,059 | +70.9% |
| Fixed assets | 21/28 | €75,815 | €80,855 | +€5,039 | +6.6% |
| Tangible fixed assets | 22/27 | €44,615 | €41,055 | -€3,561 | -8.0% |
| Land and buildings | 22 | - | €15,662 | +€15,662 | |
| Furniture and vehicles | 24 | €44,615 | €25,393 | -€19,222 | -43.1% |
| Financial fixed assets | 28 | €31,200 | €39,800 | +€8,600 | +27.6% |
| Current assets | 29/58 | €260,120 | €493,140 | +€233,020 | +89.6% |
| Amounts receivable after more than one year | 29 | €124,334 | €224,276 | +€99,942 | +80.4% |
| Other amounts receivable | 291 | €124,334 | €224,276 | +€99,942 | +80.4% |
| Amounts receivable within one year | 40/41 | €94,735 | €249,400 | +€154,666 | +163% |
| Trade receivables | 40 | €94,735 | €248,893 | +€154,159 | +163% |
| Other amounts receivable | 41 | - | €507 | +€507 | |
| Cash at bank and in hand | 54/58 | €667 | €667 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €40,384 | €18,797 | -€21,588 | -53.5% |
| Total equity and liabilities | 10/49 | €335,935 | €573,994 | +€238,059 | +70.9% |
| Equity | 10/15 | €105,492 | €107,600 | +€2,108 | +2.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €102,992 | €105,100 | +€2,108 | +2.0% |
| Distributable reserves | 133 | €102,992 | €105,100 | +€2,108 | +2.0% |
| Amounts payable | 17/49 | €230,443 | €466,394 | +€235,951 | +102% |
| Amounts payable within one year | 42/48 | €209,662 | €466,394 | +€256,732 | +122% |
| Financial debts | 43 | €16,778 | €41,659 | +€24,881 | +148% |
| Credit institutions | 430/8 | €16,778 | €41,659 | +€24,881 | +148% |
| Trade debts | 44 | €26,261 | €85,669 | +€59,408 | +226% |
| Suppliers | 440/4 | €26,261 | €85,669 | +€59,408 | +226% |
| Advances received on contracts in progress | 46 | €30,889 | €50,187 | +€19,298 | +62.5% |
| Taxes, remuneration and social security | 45 | €133,237 | €286,382 | +€153,145 | +115% |
| Taxes | 450/3 | €66,167 | €142,029 | +€75,863 | +115% |
| Remuneration and social security | 454/9 | €67,070 | €144,353 | +€77,282 | +115% |
| Other amounts payable | 47/48 | €2,498 | €2,498 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €20,781 | - | -€20,781 | |
| Remuneration, social security and pensions | 62 | €410,854 | €572,550 | +€161,696 | +39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,942 | €19,383 | +€1,440 | +8.0% |
| Other operating charges | 640/8 | €118 | €608 | +€490 | +416% |
| Non-recurring operating charges | 66A | €6,895 | - | -€6,895 | |
| Gross operating margin | 9900 | €463,513 | €613,671 | +€150,158 | +32.4% |
| Operating profit (loss) | 9901 | €27,704 | €21,129 | -€6,575 | -23.7% |
| Financial income | 75/76B | €8 | €5,152 | +€5,144 | +64,058% |
| Recurring financial income | 75 | €8 | €5,152 | +€5,144 | +64,058% |
| Financial charges | 65/66B | €1,736 | €2,474 | +€738 | +42.5% |
| Recurring financial charges | 65 | €1,736 | €2,474 | +€738 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | €25,976 | €23,807 | -€2,169 | -8.4% |
| Income taxes | 67/77 | €5,000 | €21,699 | +€16,699 | +334% |
| Profit (loss) for the period | 9904 | €20,976 | €2,108 | -€18,868 | -89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,976 | €2,108 | -€18,868 | -89.9% |
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 31 October 2026 via checked.be.