LVA CONSULT: 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.
LVA CONSULT
Largest movements
- Cash +€43,373
up €43,373 (+196.9%), from €22,034 to €65,407
mainly Net result for the year (+€36,350) and Tax, wage and social debts (+€15,404)
- Tangible fixed assets +€11,446
new in 2025: €11,446
- Receivables within one year -€1,600
no longer reported in 2025 (was €1,600)
- Reserves +€36,350
up €36,350 (+200.1%), from €18,162 to €54,512
of which Distributable reserves: +€54,512
- Tax, wage and social debts +€15,404
up €15,404 (+1067.4%), from €1,443 to €16,847
of which Taxes: +€8,904
- Trade debts +€3,836
up €3,836 (+1491.9%), from €257 to €4,093
- Other debts -€2,370
down €2,370 (-85.5%), from €2,771 to €401
- Gross operating margin +€24,067
up €24,067 (+93.7%), from €25,671 to €49,738
- Taxes +€3,004
up €3,004 (+40.9%), from €7,343 to €10,347
- Financial charges +€1,519
up €1,519 (+913.6%), from €166 to €1,685
- Depreciation +€1,145
new in 2025: €1,145
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 | €23,634 | €76,853 | +€53,220 | +225.2% |
| Fixed assets | 21/28 | - | €11,446 | +€11,446 | |
| Tangible fixed assets | 22/27 | - | €11,446 | +€11,446 | |
| Plant, machinery and equipment | 23 | - | €1,547 | +€1,547 | |
| Furniture and vehicles | 24 | - | €5,002 | +€5,002 | |
| Other tangible fixed assets | 26 | - | €4,897 | +€4,897 | |
| Current assets | 29/58 | €23,634 | €65,407 | +€41,773 | +176.8% |
| Amounts receivable within one year | 40/41 | €1,600 | - | -€1,600 | |
| Other amounts receivable | 41 | €1,600 | - | -€1,600 | |
| Cash at bank and in hand | 54/58 | €22,034 | €65,407 | +€43,373 | +196.9% |
| Total equity and liabilities | 10/49 | €23,634 | €76,853 | +€53,220 | +225.2% |
| Equity | 10/15 | €19,162 | €55,512 | +€36,350 | +189.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €18,162 | €54,512 | +€36,350 | +200.1% |
| Non-distributable reserves | 130/1 | €18,162 | - | -€18,162 | |
| Other | 1319 | €18,162 | - | -€18,162 | |
| Distributable reserves | 133 | - | €54,512 | +€54,512 | |
| Amounts payable | 17/49 | €4,472 | €21,341 | +€16,870 | +377.3% |
| Amounts payable within one year | 42/48 | €4,472 | €21,341 | +€16,870 | +377.3% |
| Trade debts | 44 | €257 | €4,093 | +€3,836 | +1491.9% |
| Suppliers | 440/4 | €257 | €4,093 | +€3,836 | +1491.9% |
| Taxes, remuneration and social security | 45 | €1,443 | €16,847 | +€15,404 | +1067.4% |
| Taxes | 450/3 | €1,443 | €10,347 | +€8,904 | +617.0% |
| Remuneration and social security | 454/9 | - | €6,500 | +€6,500 | |
| Other amounts payable | 47/48 | €2,771 | €401 | -€2,370 | -85.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,145 | +€1,145 | |
| Other operating charges | 640/8 | - | €212 | +€212 | |
| Gross operating margin | 9900 | €25,671 | €49,738 | +€24,067 | +93.7% |
| Operating profit (loss) | 9901 | €25,671 | €48,382 | +€22,710 | +88.5% |
| Financial charges | 65/66B | €166 | €1,685 | +€1,519 | +913.6% |
| Recurring financial charges | 65 | €166 | €1,685 | +€1,519 | +913.6% |
| Profit (loss) for the period before taxes | 9903 | €25,505 | €46,696 | +€21,191 | +83.1% |
| Income taxes | 67/77 | €7,343 | €10,347 | +€3,004 | +40.9% |
| Profit (loss) for the period | 9904 | €18,162 | €36,350 | +€18,188 | +100.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,162 | €36,350 | +€18,188 | +100.1% |
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 4 October 2026 via checked.be.