LVA TRADING: 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.
LVA TRADING
Largest movements
- Cash +€9,100
up €9,100 (+25.1%), from €36,266 to €45,366
mainly Net result for the year (+€29,338) and Current portion of long-term debt (+€1,015)
- Reserves +€29,338
up €29,338 (+64.2%), from €45,733 to €75,072
- Debts after one year -€21,294
down €21,294 (-8.6%), from €246,712 to €225,418
- Gross operating margin +€3,444
up €3,444 (+7.5%), from €45,806 to €49,250
- Staff costs +€2,013
up €2,013 (+98.1%), from €2,052 to €4,065
- Taxes +€537
up €537 (+5.0%), from €10,789 to €11,326
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 | €335,516 | €345,317 | +€9,801 | +2.9% |
| Fixed assets | 21/28 | €299,250 | €299,951 | +€701 | +0.2% |
| Tangible fixed assets | 22/27 | - | €701 | +€701 | |
| Furniture and vehicles | 24 | - | €701 | +€701 | |
| Financial fixed assets | 28 | €299,250 | €299,250 | = | 0.0% |
| Current assets | 29/58 | €36,266 | €45,366 | +€9,100 | +25.1% |
| Cash at bank and in hand | 54/58 | €36,266 | €45,366 | +€9,100 | +25.1% |
| Total equity and liabilities | 10/49 | €335,516 | €345,317 | +€9,801 | +2.9% |
| Equity | 10/15 | €47,733 | €77,072 | +€29,338 | +61.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €45,733 | €75,072 | +€29,338 | +64.2% |
| Distributable reserves | 133 | €45,733 | €75,072 | +€29,338 | +64.2% |
| Amounts payable | 17/49 | €287,782 | €268,245 | -€19,537 | -6.8% |
| Amounts payable after more than one year | 17 | €246,712 | €225,418 | -€21,294 | -8.6% |
| Financial debts | 170/4 | €246,712 | €225,418 | -€21,294 | -8.6% |
| Amounts payable within one year | 42/48 | €41,070 | €42,827 | +€1,757 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €21,981 | €22,996 | +€1,015 | +4.6% |
| Trade debts | 44 | €683 | €1,007 | +€324 | +47.4% |
| Suppliers | 440/4 | €683 | €1,007 | +€324 | +47.4% |
| Taxes, remuneration and social security | 45 | €15,439 | €16,162 | +€724 | +4.7% |
| Taxes | 450/3 | €15,439 | €16,162 | +€724 | +4.7% |
| Other amounts payable | 47/48 | €2,967 | €2,662 | -€305 | -10.3% |
| Remuneration, social security and pensions | 62 | €2,052 | €4,065 | +€2,013 | +98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €217 | +€217 | |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.5% |
| Gross operating margin | 9900 | €45,806 | €49,250 | +€3,444 | +7.5% |
| Operating profit (loss) | 9901 | €43,628 | €44,841 | +€1,213 | +2.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,502 | €4,176 | -€325 | -7.2% |
| Recurring financial charges | 65 | €4,502 | €4,176 | -€325 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €39,127 | €40,664 | +€1,538 | +3.9% |
| Income taxes | 67/77 | €10,789 | €11,326 | +€537 | +5.0% |
| Profit (loss) for the period | 9904 | €28,338 | €29,338 | +€1,001 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,338 | €29,338 | +€1,001 | +3.5% |
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 22 October 2026 via checked.be.