LV TECH: what changed
Two fiscal 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 TECH
Largest movements
- Current investments +€36,801
up €36,801 (+48.9%), from €75,194 to €111,995
- Cash -€22,097
down €22,097 (-19.4%), from €113,672 to €91,575
mainly Contributions, distributions and other (-€59,177) and Current investments (-€36,801)
- Receivables within one year +€2,429
up €2,429 (+11.5%), from €21,187 to €23,616
of which Trade receivables: +€4,254
- Reserves +€8,097
up €8,097 (+6.2%), from €130,551 to €138,648
- Tax, wage and social debts +€6,918
up €6,918 (+57.7%), from €11,987 to €18,906
- Gross operating margin +€10,187
up €10,187 (+11.7%), from €87,124 to €97,311
- Taxes +€8,583
up €8,583 (+47.2%), from €18,195 to €26,778
- Financial income +€1,161
up €1,161 (+967350.0%), from €0 to €1,161
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 | €217,108 | €232,750 | +€15,642 | +7.2% |
| Formation expenses | 20 | €299 | - | -€299 | |
| Fixed assets | 21/28 | €5,174 | €4,465 | -€709 | -13.7% |
| Tangible fixed assets | 22/27 | €5,174 | €4,465 | -€709 | -13.7% |
| Furniture and vehicles | 24 | €5,174 | €4,465 | -€709 | -13.7% |
| Current assets | 29/58 | €211,635 | €228,285 | +€16,650 | +7.9% |
| Amounts receivable within one year | 40/41 | €21,187 | €23,616 | +€2,429 | +11.5% |
| Trade receivables | 40 | €11,098 | €15,352 | +€4,254 | +38.3% |
| Other amounts receivable | 41 | €10,089 | €8,264 | -€1,825 | -18.1% |
| Current investments | 50/53 | €75,194 | €111,995 | +€36,801 | +48.9% |
| Cash at bank and in hand | 54/58 | €113,672 | €91,575 | -€22,097 | -19.4% |
| Deferred charges and accrued income | 490/1 | €1,582 | €1,099 | -€483 | -30.5% |
| Total equity and liabilities | 10/49 | €217,108 | €232,750 | +€15,642 | +7.2% |
| Equity | 10/15 | €135,551 | €143,648 | +€8,097 | +6.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €130,551 | €138,648 | +€8,097 | +6.2% |
| Distributable reserves | 133 | €130,551 | €138,648 | +€8,097 | +6.2% |
| Amounts payable | 17/49 | €81,557 | €89,102 | +€7,545 | +9.3% |
| Amounts payable within one year | 42/48 | €81,557 | €89,102 | +€7,545 | +9.3% |
| Trade debts | 44 | €2,273 | €2,255 | -€18 | -0.8% |
| Suppliers | 440/4 | €2,273 | €2,255 | -€18 | -0.8% |
| Taxes, remuneration and social security | 45 | €11,987 | €18,906 | +€6,918 | +57.7% |
| Taxes | 450/3 | €11,987 | €18,906 | +€6,918 | +57.7% |
| Other amounts payable | 47/48 | €67,297 | €67,942 | +€645 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,304 | €3,180 | +€876 | +38.0% |
| Other operating charges | 640/8 | €960 | €992 | +€31 | +3.3% |
| Gross operating margin | 9900 | €87,124 | €97,311 | +€10,187 | +11.7% |
| Operating profit (loss) | 9901 | €83,860 | €93,140 | +€9,280 | +11.1% |
| Financial income | 75/76B | €0 | €1,161 | +€1,161 | +967350.0% |
| Recurring financial income | 75 | €0 | €1,161 | +€1,161 | +967350.0% |
| Financial charges | 65/66B | €406 | €250 | -€156 | -38.4% |
| Recurring financial charges | 65 | €406 | €250 | -€156 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €83,455 | €94,051 | +€10,596 | +12.7% |
| Income taxes | 67/77 | €18,195 | €26,778 | +€8,583 | +47.2% |
| Profit (loss) for the period | 9904 | €65,260 | €67,273 | +€2,013 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,260 | €67,273 | +€2,013 | +3.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.