LVB Consult: 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.
LVB Consult
Largest movements
- Tangible fixed assets +€206,088
up €206,088 (+3,260%), from €6,321 to €212,409
of which Land and buildings: +€208,031
- Cash -€34,730
down €34,730 (-74.0%), from €46,917 to €12,186
mainly Investment in fixed assets (net) (-€211,826) and Receivables within one year (-€22,998)
- Receivables within one year +€22,998
up €22,998 (+171%), from €13,468 to €36,466
of which Trade receivables: +€17,142
- Current investments +€5,875
up €5,875 (+600%), from €979 to €6,854
- Debts after one year +€157,791
new in 2025: €157,791
- Other debts +€14,425
new in 2025: €14,425
- Reserves +€12,870
up €12,870 (+26.2%), from €49,109 to €61,979
- Current portion of long-term debt +€9,233
new in 2025: €9,233
- Trade debts +€4,905
up €4,905 (+589%), from €833 to €5,738
- Gross operating margin +€25,563
up €25,563 (+84.2%), from €30,344 to €55,907
- Financial charges +€5,363
up €5,363 (+250%), from €2,146 to €7,509
- Depreciation +€5,015
up €5,015 (+694%), from €723 to €5,738
- Other operating charges +€2,968
up €2,968 (+577%), from €514 to €3,482
- Taxes +€2,377
up €2,377 (+38.6%), from €6,151 to €8,529
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 | €69,332 | €271,317 | +€201,985 | +291% |
| Fixed assets | 21/28 | €6,321 | €212,409 | +€206,088 | +3,260% |
| Tangible fixed assets | 22/27 | €6,321 | €212,409 | +€206,088 | +3,260% |
| Land and buildings | 22 | - | €208,031 | +€208,031 | |
| Plant, machinery and equipment | 23 | €815 | €315 | -€500 | -61.4% |
| Furniture and vehicles | 24 | €5,506 | €4,063 | -€1,443 | -26.2% |
| Current assets | 29/58 | €63,011 | €58,908 | -€4,103 | -6.5% |
| Amounts receivable within one year | 40/41 | €13,468 | €36,466 | +€22,998 | +171% |
| Trade receivables | 40 | €12,251 | €29,394 | +€17,142 | +140% |
| Other amounts receivable | 41 | €1,216 | €7,072 | +€5,856 | +481% |
| Current investments | 50/53 | €979 | €6,854 | +€5,875 | +600% |
| Cash at bank and in hand | 54/58 | €46,917 | €12,186 | -€34,730 | -74.0% |
| Deferred charges and accrued income | 490/1 | €1,648 | €3,401 | +€1,753 | +106% |
| Total equity and liabilities | 10/49 | €69,332 | €271,317 | +€201,985 | +291% |
| Equity | 10/15 | €56,609 | €69,479 | +€12,870 | +22.7% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €49,109 | €61,979 | +€12,870 | +26.2% |
| Distributable reserves | 133 | €49,109 | €61,979 | +€12,870 | +26.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €12,724 | €201,838 | +€189,115 | +1,486% |
| Amounts payable after more than one year | 17 | - | €157,791 | +€157,791 | |
| Financial debts | 170/4 | - | €157,791 | +€157,791 | |
| Amounts payable within one year | 42/48 | €12,724 | €43,106 | +€30,383 | +239% |
| Current portion of amounts payable after more than one year | 42 | - | €9,233 | +€9,233 | |
| Financial debts | 43 | €0 | €0 | -€0 | -28.6% |
| Credit institutions | 430/8 | €0 | €0 | -€0 | -28.6% |
| Trade debts | 44 | €833 | €5,738 | +€4,905 | +589% |
| Suppliers | 440/4 | €833 | €5,738 | +€4,905 | +589% |
| Taxes, remuneration and social security | 45 | €11,891 | €13,710 | +€1,820 | +15.3% |
| Taxes | 450/3 | €7,241 | €11,385 | +€4,145 | +57.2% |
| Remuneration and social security | 454/9 | €4,650 | €2,325 | -€2,325 | -50.0% |
| Other amounts payable | 47/48 | - | €14,425 | +€14,425 | |
| Accrued charges and deferred income | 492/3 | - | €941 | +€941 | |
| Remuneration, social security and pensions | 62 | €1,588 | €0 | -€1,588 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €723 | €5,738 | +€5,015 | +694% |
| Other operating charges | 640/8 | €514 | €3,482 | +€2,968 | +577% |
| Non-recurring operating charges | 66A | - | €3,499 | +€3,499 | |
| Gross operating margin | 9900 | €30,344 | €55,907 | +€25,563 | +84.2% |
| Operating profit (loss) | 9901 | €27,520 | €43,188 | +€15,669 | +56.9% |
| Financial income | 75/76B | €756 | €145 | -€612 | -80.9% |
| Recurring financial income | 75 | €756 | €145 | -€612 | -80.9% |
| Financial charges | 65/66B | €2,146 | €7,509 | +€5,363 | +250% |
| Recurring financial charges | 65 | €2,146 | €7,509 | +€5,363 | +250% |
| Profit (loss) for the period before taxes | 9903 | €26,130 | €35,824 | +€9,694 | +37.1% |
| Income taxes | 67/77 | €6,151 | €8,529 | +€2,377 | +38.6% |
| Profit (loss) for the period | 9904 | €19,978 | €27,295 | +€7,317 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,978 | €27,295 | +€7,317 | +36.6% |
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 16 October 2026 via checked.be.