LVB Opus 48: 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 Opus 48
Largest movements
- Receivables within one year +€45,659
up €45,659 (+610%), from €7,484 to €53,143
of which Trade receivables: +€48,045
- Intangible fixed assets -€12,000
down €12,000 (-19.6%), from €61,115 to €49,115
- Cash +€6,698
up €6,698 (+5.9%), from €113,533 to €120,231
mainly Trade debts (+€52,845) and Other debts (+€48,192)
- Trade debts +€52,845
up €52,845 (+268%), from €19,702 to €72,547
- Other debts +€48,192
up €48,192 (+2,665%), from €1,808 to €50,000
- Profit (loss) carried forward -€39,800
down €39,800 (-64.8%), from €61,430 to €21,630
- Debts after one year -€11,416
down €11,416 (-54.0%), from €21,152 to €9,736
- Tax, wage and social debts -€5,676
down €5,676 (-13.1%), from €43,212 to €37,536
of which Taxes: -€9,827
- Staff costs +€11,924
up €11,924 (+19.0%), from €62,692 to €74,616
- Financial charges -€2,791
down €2,791 (-60.2%), from €4,636 to €1,845
- Taxes -€1,707
down €1,707 (-34.0%), from €5,014 to €3,307
- Gross operating margin +€1,562
up €1,562 (+1.5%), from €105,250 to €106,812
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 | €203,377 | €246,400 | +€43,023 | +21.2% |
| Fixed assets | 21/28 | €76,711 | €65,189 | -€11,522 | -15.0% |
| Intangible fixed assets | 21 | €61,115 | €49,115 | -€12,000 | -19.6% |
| Tangible fixed assets | 22/27 | €15,213 | €15,522 | +€309 | +2.0% |
| Plant, machinery and equipment | 23 | €7,695 | €6,481 | -€1,214 | -15.8% |
| Furniture and vehicles | 24 | €6,836 | €5,811 | -€1,025 | -15.0% |
| Other tangible fixed assets | 26 | €682 | €3,230 | +€2,548 | +374% |
| Financial fixed assets | 28 | €383 | €552 | +€169 | +44.1% |
| Current assets | 29/58 | €126,666 | €181,211 | +€54,545 | +43.1% |
| Stocks and contracts in progress | 3 | €5,240 | €6,500 | +€1,260 | +24.0% |
| Stocks | 30/36 | €5,240 | €6,500 | +€1,260 | +24.0% |
| Amounts receivable within one year | 40/41 | €7,484 | €53,143 | +€45,659 | +610% |
| Trade receivables | 40 | - | €48,045 | +€48,045 | |
| Other amounts receivable | 41 | €7,484 | €5,098 | -€2,386 | -31.9% |
| Cash at bank and in hand | 54/58 | €113,533 | €120,231 | +€6,698 | +5.9% |
| Deferred charges and accrued income | 490/1 | €409 | €1,337 | +€928 | +227% |
| Total equity and liabilities | 10/49 | €203,377 | €246,400 | +€43,023 | +21.2% |
| Equity | 10/15 | €101,430 | €61,630 | -€39,800 | -39.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,430 | €21,630 | -€39,800 | -64.8% |
| Amounts payable | 17/49 | €101,947 | €184,770 | +€82,823 | +81.2% |
| Amounts payable after more than one year | 17 | €21,152 | €9,736 | -€11,416 | -54.0% |
| Financial debts | 170/4 | €21,152 | €9,736 | -€11,416 | -54.0% |
| Amounts payable within one year | 42/48 | €79,908 | €171,499 | +€91,591 | +115% |
| Current portion of amounts payable after more than one year | 42 | €15,186 | €11,416 | -€3,770 | -24.8% |
| Trade debts | 44 | €19,702 | €72,547 | +€52,845 | +268% |
| Suppliers | 440/4 | €19,702 | €72,547 | +€52,845 | +268% |
| Taxes, remuneration and social security | 45 | €43,212 | €37,536 | -€5,676 | -13.1% |
| Taxes | 450/3 | €34,206 | €24,379 | -€9,827 | -28.7% |
| Remuneration and social security | 454/9 | €9,006 | €13,157 | +€4,151 | +46.1% |
| Other amounts payable | 47/48 | €1,808 | €50,000 | +€48,192 | +2,665% |
| Accrued charges and deferred income | 492/3 | €887 | €3,535 | +€2,648 | +299% |
| Remuneration, social security and pensions | 62 | €62,692 | €74,616 | +€11,924 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,651 | €15,828 | +€177 | +1.1% |
| Other operating charges | 640/8 | €1,888 | €1,016 | -€872 | -46.2% |
| Gross operating margin | 9900 | €105,250 | €106,812 | +€1,562 | +1.5% |
| Operating profit (loss) | 9901 | €25,019 | €15,352 | -€9,667 | -38.6% |
| Financial charges | 65/66B | €4,636 | €1,845 | -€2,791 | -60.2% |
| Recurring financial charges | 65 | €4,636 | €1,845 | -€2,791 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €20,383 | €13,507 | -€6,876 | -33.7% |
| Income taxes | 67/77 | €5,014 | €3,307 | -€1,707 | -34.0% |
| Profit (loss) for the period | 9904 | €15,369 | €10,200 | -€5,169 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,369 | €10,200 | -€5,169 | -33.6% |
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 20 October 2026 via checked.be.