LV Law: 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 Law
Largest movements
- Cash +€11,161
up €11,161 (+27.4%), from €40,750 to €51,911
mainly Net result for the year (+€20,776) and Depreciation (+€13,018)
- Tangible fixed assets -€10,737
down €10,737 (-22.3%), from €48,045 to €37,308
of which Furniture and vehicles: -€9,438
- Receivables after one year +€7,500
up €7,500 (+60.0%), from €12,500 to €20,000
- Reserves +€20,776
up €20,776 (+37.5%), from €55,446 to €76,223
- Debts after one year -€10,736
down €10,736 (-66.1%), from €16,253 to €5,518
- Tax, wage and social debts -€1,613
down €1,613 (-9.1%), from €17,663 to €16,050
- Gross operating margin +€3,046
up €3,046 (+7.5%), from €40,824 to €43,870
- Depreciation +€759
up €759 (+6.2%), from €12,259 to €13,018
- Taxes +€681
up €681 (+10.4%), from €6,542 to €7,223
- Other operating charges +€614
up €614 (+36.7%), from €1,671 to €2,284
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 | €101,294 | €109,641 | +€8,347 | +8.2% |
| Fixed assets | 21/28 | €48,045 | €37,308 | -€10,737 | -22.3% |
| Tangible fixed assets | 22/27 | €48,045 | €37,308 | -€10,737 | -22.3% |
| Plant, machinery and equipment | 23 | €2,079 | €1,616 | -€463 | -22.3% |
| Furniture and vehicles | 24 | €38,147 | €28,709 | -€9,438 | -24.7% |
| Other tangible fixed assets | 26 | €7,819 | €6,983 | -€836 | -10.7% |
| Current assets | 29/58 | €53,250 | €72,333 | +€19,084 | +35.8% |
| Amounts receivable after more than one year | 29 | €12,500 | €20,000 | +€7,500 | +60.0% |
| Other amounts receivable | 291 | €12,500 | €20,000 | +€7,500 | +60.0% |
| Amounts receivable within one year | 40/41 | - | €423 | +€423 | |
| Other amounts receivable | 41 | - | €423 | +€423 | |
| Cash at bank and in hand | 54/58 | €40,750 | €51,911 | +€11,161 | +27.4% |
| Total equity and liabilities | 10/49 | €101,294 | €109,641 | +€8,347 | +8.2% |
| Equity | 10/15 | €55,946 | €76,723 | +€20,776 | +37.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €55,446 | €76,223 | +€20,776 | +37.5% |
| Distributable reserves | 133 | €55,446 | €76,223 | +€20,776 | +37.5% |
| Amounts payable | 17/49 | €45,348 | €32,919 | -€12,429 | -27.4% |
| Amounts payable after more than one year | 17 | €16,253 | €5,518 | -€10,736 | -66.1% |
| Financial debts | 170/4 | €16,253 | €5,518 | -€10,736 | -66.1% |
| Amounts payable within one year | 42/48 | €29,095 | €26,989 | -€2,106 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €10,349 | €10,736 | +€387 | +3.7% |
| Trade debts | 44 | €482 | - | -€482 | |
| Suppliers | 440/4 | €482 | - | -€482 | |
| Taxes, remuneration and social security | 45 | €17,663 | €16,050 | -€1,613 | -9.1% |
| Taxes | 450/3 | €17,663 | €16,050 | -€1,613 | -9.1% |
| Other amounts payable | 47/48 | €601 | €203 | -€398 | -66.2% |
| Accrued charges and deferred income | 492/3 | - | €412 | +€412 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,259 | €13,018 | +€759 | +6.2% |
| Other operating charges | 640/8 | €1,671 | €2,284 | +€614 | +36.7% |
| Gross operating margin | 9900 | €40,824 | €43,870 | +€3,046 | +7.5% |
| Operating profit (loss) | 9901 | €26,894 | €28,568 | +€1,674 | +6.2% |
| Financial income | 75/76B | €313 | €406 | +€94 | +30.0% |
| Recurring financial income | 75 | €313 | €406 | +€94 | +30.0% |
| Financial charges | 65/66B | €1,280 | €974 | -€306 | -23.9% |
| Recurring financial charges | 65 | €1,280 | €974 | -€306 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €25,926 | €28,000 | +€2,074 | +8.0% |
| Income taxes | 67/77 | €6,542 | €7,223 | +€681 | +10.4% |
| Profit (loss) for the period | 9904 | €19,384 | €20,776 | +€1,392 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,384 | €20,776 | +€1,392 | +7.2% |
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 31 October 2026 via checked.be.