LV Tex: 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 Tex
Largest movements
- Receivables after one year -€91,743
down €91,743 (-52.1%), from €176,089 to €84,346
- Cash -€58,076
down €58,076 (-39.8%), from €145,864 to €87,788
mainly Contributions, distributions and other (-€448,440)
- Receivables within one year -€33,337
down €33,337 (-86.8%), from €38,407 to €5,070
of which Trade receivables: -€24,200
- Reserves -€295,787
down €295,787 (-85.4%), from €346,449 to €50,662
- Other debts +€102,034
up €102,034 (+9,217%), from €1,107 to €103,141
- Tax, wage and social debts +€10,597
up €10,597 (+378%), from €2,803 to €13,400
- Gross operating margin -€75,236
down €75,236 (-27.5%), from €273,782 to €198,547
- Taxes -€13,569
down €13,569 (-21.0%), from €64,504 to €50,935
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 | €360,359 | €177,203 | -€183,156 | -50.8% |
| Current assets | 29/58 | €360,359 | €177,203 | -€183,156 | -50.8% |
| Amounts receivable after more than one year | 29 | €176,089 | €84,346 | -€91,743 | -52.1% |
| Other amounts receivable | 291 | €176,089 | €84,346 | -€91,743 | -52.1% |
| Amounts receivable within one year | 40/41 | €38,407 | €5,070 | -€33,337 | -86.8% |
| Trade receivables | 40 | €24,200 | - | -€24,200 | |
| Other amounts receivable | 41 | €14,207 | €5,070 | -€9,137 | -64.3% |
| Cash at bank and in hand | 54/58 | €145,864 | €87,788 | -€58,076 | -39.8% |
| Total equity and liabilities | 10/49 | €360,359 | €177,203 | -€183,156 | -50.8% |
| Equity | 10/15 | €356,449 | €60,662 | -€295,787 | -83.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €346,449 | €50,662 | -€295,787 | -85.4% |
| Distributable reserves | 133 | €346,449 | €50,662 | -€295,787 | -85.4% |
| Amounts payable | 17/49 | €3,910 | €116,542 | +€112,631 | +2,880% |
| Amounts payable within one year | 42/48 | €3,910 | €116,542 | +€112,631 | +2,880% |
| Taxes, remuneration and social security | 45 | €2,803 | €13,400 | +€10,597 | +378% |
| Taxes | 450/3 | €2,803 | €13,400 | +€10,597 | +378% |
| Other amounts payable | 47/48 | €1,107 | €103,141 | +€102,034 | +9,217% |
| Other operating charges | 640/8 | €577 | €593 | +€16 | +2.8% |
| Gross operating margin | 9900 | €273,782 | €198,547 | -€75,236 | -27.5% |
| Operating profit (loss) | 9901 | €273,205 | €197,953 | -€75,252 | -27.5% |
| Financial income | 75/76B | €4,851 | €5,676 | +€825 | +17.0% |
| Recurring financial income | 75 | €4,851 | €5,676 | +€825 | +17.0% |
| Financial charges | 65/66B | €40 | €42 | +€2 | +6.1% |
| Recurring financial charges | 65 | €40 | €42 | +€2 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €278,016 | €203,587 | -€74,429 | -26.8% |
| Income taxes | 67/77 | €64,504 | €50,935 | -€13,569 | -21.0% |
| Profit (loss) for the period | 9904 | €213,512 | €152,653 | -€60,860 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €213,512 | €152,653 | -€60,860 | -28.5% |
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 19 October 2026 via checked.be.