LVC Werfleiding: 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 Werfleiding
Largest movements
- Deferred charges and accrued income -€23,132
down €23,132 (-57.8%), from €40,038 to €16,905
- Tangible fixed assets -€12,913
down €12,913 (-18.5%), from €69,915 to €57,002
of which Plant, machinery and equipment: -€9,144
- Receivables within one year -€2,626
down €2,626 (-10.4%), from €25,132 to €22,506
- Cash +€2,344
up €2,344 (+340%), from €690 to €3,034
mainly Net result for the year (+€57,790) and Deferred charges and accrued income (+€23,132)
- Other debts -€42,520
no longer reported in 2025 (was €42,520)
- Debts after one year -€18,268
no longer reported in 2025 (was €18,268)
- Reserves +€17,790
up €17,790 (+28.4%), from €62,646 to €80,436
of which Distributable reserves: +€17,790
- Trade debts +€11,362
new in 2025: €11,362
- Tax, wage and social debts -€4,692
down €4,692 (-76.4%), from €6,140 to €1,448
- Taxes +€5,611
up €5,611 (+61.6%), from €9,110 to €14,721
- Gross operating margin +€3,693
up €3,693 (+4.3%), from €85,711 to €89,403
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 | €135,774 | €99,447 | -€36,327 | -26.8% |
| Fixed assets | 21/28 | €69,915 | €57,002 | -€12,913 | -18.5% |
| Tangible fixed assets | 22/27 | €69,915 | €57,002 | -€12,913 | -18.5% |
| Plant, machinery and equipment | 23 | €63,335 | €54,190 | -€9,144 | -14.4% |
| Furniture and vehicles | 24 | €6,580 | €2,811 | -€3,768 | -57.3% |
| Current assets | 29/58 | €65,859 | €42,445 | -€23,414 | -35.6% |
| Amounts receivable within one year | 40/41 | €25,132 | €22,506 | -€2,626 | -10.4% |
| Trade receivables | 40 | €25,132 | €22,506 | -€2,626 | -10.4% |
| Cash at bank and in hand | 54/58 | €690 | €3,034 | +€2,344 | +340% |
| Deferred charges and accrued income | 490/1 | €40,038 | €16,905 | -€23,132 | -57.8% |
| Total equity and liabilities | 10/49 | €135,774 | €99,447 | -€36,327 | -26.8% |
| Equity | 10/15 | €68,846 | €86,636 | +€17,790 | +25.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,646 | €80,436 | +€17,790 | +28.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,786 | €78,576 | +€17,790 | +29.3% |
| Amounts payable | 17/49 | €66,928 | €12,811 | -€54,117 | -80.9% |
| Amounts payable after more than one year | 17 | €18,268 | - | -€18,268 | |
| Financial debts | 170/4 | €18,268 | - | -€18,268 | |
| Amounts payable within one year | 42/48 | €48,660 | €12,811 | -€35,849 | -73.7% |
| Trade debts | 44 | - | €11,362 | +€11,362 | |
| Suppliers | 440/4 | - | €11,362 | +€11,362 | |
| Taxes, remuneration and social security | 45 | €6,140 | €1,448 | -€4,692 | -76.4% |
| Taxes | 450/3 | €6,140 | €1,448 | -€4,692 | -76.4% |
| Other amounts payable | 47/48 | €42,520 | - | -€42,520 | |
| Non-recurring operating income | 76A | €5,487 | €9,643 | +€4,156 | +75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,913 | €12,913 | = | 0.0% |
| Other operating charges | 640/8 | €3,000 | €3,000 | = | 0.0% |
| Gross operating margin | 9900 | €85,711 | €89,403 | +€3,693 | +4.3% |
| Operating profit (loss) | 9901 | €69,798 | €73,490 | +€3,693 | +5.3% |
| Financial charges | 65/66B | €418 | €979 | +€560 | +134% |
| Recurring financial charges | 65 | €418 | €979 | +€560 | +134% |
| Profit (loss) for the period before taxes | 9903 | €69,379 | €72,512 | +€3,132 | +4.5% |
| Income taxes | 67/77 | €9,110 | €14,721 | +€5,611 | +61.6% |
| Profit (loss) for the period | 9904 | €60,270 | €57,790 | -€2,479 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,270 | €57,790 | -€2,479 | -4.1% |
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 17 October 2026 via checked.be.