LVC SOLUTIONS: 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.
LVC SOLUTIONS
Largest movements
- Tangible fixed assets +€404,788
up €404,788 (+97.5%), from €415,108 to €819,896
of which Land and buildings: +€445,844
- Stocks and contracts +€215,035
up €215,035 (+39.1%), from €549,665 to €764,700
- Cash -€89,832
down €89,832 (-61.6%), from €145,810 to €55,977
mainly Contributions, distributions and other (-€1.1m) and Investment in fixed assets (net) (-€582,489)
- Receivables within one year -€86,117
down €86,117 (-4.3%), from €2.0m to €1.9m
of which Trade receivables: -€59,981
- Deferred charges and accrued income +€46,818
up €46,818 (+126%), from €37,287 to €84,105
- Other debts +€565,000
up €565,000 (+103%), from €550,000 to €1.1m
- Reserves -€513,539
down €513,539 (-53.2%), from €965,161 to €451,622
of which Distributable reserves: -€513,539
- Short-term financial debts +€252,637
up €252,637 (+128%), from €197,363 to €450,000
- Debts after one year +€159,001
up €159,001 (+48.1%), from €330,337 to €489,338
- Trade debts +€148,185
up €148,185 (+31.8%), from €466,624 to €614,808
- Depreciation +€36,254
up €36,254 (+21.2%), from €171,340 to €207,594
- Gross operating margin -€32,698
down €32,698 (-1.6%), from €2.0m to €2.0m
- Staff costs -€25,473
down €25,473 (-2.8%), from €906,280 to €880,807
- Financial charges +€21,396
up €21,396 (+60.2%), from €35,535 to €56,930
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 | €3,228,733 | €3,689,532 | +€460,799 | +14.3% |
| Fixed assets | 21/28 | €473,816 | €848,712 | +€374,896 | +79.1% |
| Intangible fixed assets | 21 | €55,277 | €28,515 | -€26,762 | -48.4% |
| Tangible fixed assets | 22/27 | €415,108 | €819,896 | +€404,788 | +97.5% |
| Land and buildings | 22 | - | €445,844 | +€445,844 | |
| Plant, machinery and equipment | 23 | €145,642 | €121,916 | -€23,727 | -16.3% |
| Furniture and vehicles | 24 | €74,841 | €48,760 | -€26,080 | -34.8% |
| Leasing and similar rights | 25 | €177,436 | €192,576 | +€15,140 | +8.5% |
| Other tangible fixed assets | 26 | €17,189 | €10,799 | -€6,390 | -37.2% |
| Financial fixed assets | 28 | €3,432 | €302 | -€3,130 | -91.2% |
| Current assets | 29/58 | €2,754,916 | €2,840,820 | +€85,904 | +3.1% |
| Stocks and contracts in progress | 3 | €549,665 | €764,700 | +€215,035 | +39.1% |
| Stocks | 30/36 | €549,665 | €764,700 | +€215,035 | +39.1% |
| Amounts receivable within one year | 40/41 | €2,022,155 | €1,936,038 | -€86,117 | -4.3% |
| Trade receivables | 40 | €829,471 | €769,490 | -€59,981 | -7.2% |
| Other amounts receivable | 41 | €1,192,684 | €1,166,548 | -€26,136 | -2.2% |
| Cash at bank and in hand | 54/58 | €145,810 | €55,977 | -€89,832 | -61.6% |
| Deferred charges and accrued income | 490/1 | €37,287 | €84,105 | +€46,818 | +126% |
| Total equity and liabilities | 10/49 | €3,228,733 | €3,689,532 | +€460,799 | +14.3% |
| Equity | 10/15 | €1,027,161 | €513,622 | -€513,539 | -50.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €965,161 | €451,622 | -€513,539 | -53.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €902,711 | €389,172 | -€513,539 | -56.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,201,571 | €3,175,910 | +€974,339 | +44.3% |
| Amounts payable after more than one year | 17 | €330,337 | €489,338 | +€159,001 | +48.1% |
| Financial debts | 170/4 | €330,337 | €489,338 | +€159,001 | +48.1% |
| Amounts payable within one year | 42/48 | €1,765,076 | €2,686,573 | +€921,497 | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €192,842 | €267,970 | +€75,127 | +39.0% |
| Financial debts | 43 | €197,363 | €450,000 | +€252,637 | +128% |
| Credit institutions | 430/8 | €197,363 | €450,000 | +€252,637 | +128% |
| Trade debts | 44 | €466,624 | €614,808 | +€148,185 | +31.8% |
| Suppliers | 440/4 | €466,624 | €614,808 | +€148,185 | +31.8% |
| Taxes, remuneration and social security | 45 | €358,248 | €238,794 | -€119,453 | -33.3% |
| Taxes | 450/3 | €257,177 | €72,309 | -€184,868 | -71.9% |
| Remuneration and social security | 454/9 | €101,071 | €166,485 | +€65,414 | +64.7% |
| Other amounts payable | 47/48 | €550,000 | €1,115,000 | +€565,000 | +103% |
| Accrued charges and deferred income | 492/3 | €106,159 | €0 | -€106,159 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €906,280 | €880,807 | -€25,473 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,340 | €207,594 | +€36,254 | +21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €10,761 | +€10,761 | |
| Other operating charges | 640/8 | €30,827 | €18,314 | -€12,512 | -40.6% |
| Non-recurring operating charges | 66A | €135 | €6,428 | +€6,294 | +4,674% |
| Gross operating margin | 9900 | €1,986,000 | €1,953,302 | -€32,698 | -1.6% |
| Operating profit (loss) | 9901 | €877,419 | €829,397 | -€48,022 | -5.5% |
| Financial income | 75/76B | €17,560 | €28,373 | +€10,812 | +61.6% |
| Recurring financial income | 75 | €17,560 | €28,373 | +€10,812 | +61.6% |
| Financial charges | 65/66B | €35,535 | €56,930 | +€21,396 | +60.2% |
| Recurring financial charges | 65 | €35,535 | €56,930 | +€21,396 | +60.2% |
| Profit (loss) for the period before taxes | 9903 | €859,445 | €800,839 | -€58,605 | -6.8% |
| Income taxes | 67/77 | €218,102 | €199,379 | -€18,723 | -8.6% |
| Profit (loss) for the period | 9904 | €641,343 | €601,461 | -€39,882 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €641,343 | €601,461 | -€39,882 | -6.2% |
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 14 October 2026 via checked.be.