LVCMD: 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.
LVCMD
Largest movements
- Cash +€64,527
up €64,527 (+45.2%), from €142,731 to €207,258
mainly Net result for the year (+€80,199) and Depreciation (+€111)
- Deferred charges and accrued income +€5,167
up €5,167 (+199%), from €2,595 to €7,763
- Receivables within one year +€3,702
up €3,702 (+131%), from €2,837 to €6,539
of which Other amounts receivable: +€3,294
- Reserves +€80,199
up €80,199 (+68.2%), from €117,659 to €197,858
- Tax, wage and social debts -€4,516
down €4,516 (-24.3%), from €18,619 to €14,103
- Taxes +€1,099
up €1,099 (+4.9%), from €22,607 to €23,706
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 | €148,163 | €222,158 | +€73,995 | +49.9% |
| Fixed assets | 21/28 | - | €599 | +€599 | |
| Tangible fixed assets | 22/27 | - | €599 | +€599 | |
| Furniture and vehicles | 24 | - | €599 | +€599 | |
| Current assets | 29/58 | €148,163 | €221,560 | +€73,397 | +49.5% |
| Amounts receivable within one year | 40/41 | €2,837 | €6,539 | +€3,702 | +131% |
| Trade receivables | 40 | €2,837 | €3,245 | +€408 | +14.4% |
| Other amounts receivable | 41 | €0 | €3,294 | +€3,294 | |
| Cash at bank and in hand | 54/58 | €142,731 | €207,258 | +€64,527 | +45.2% |
| Deferred charges and accrued income | 490/1 | €2,595 | €7,763 | +€5,167 | +199% |
| Total equity and liabilities | 10/49 | €148,163 | €222,158 | +€73,995 | +49.9% |
| Equity | 10/15 | €122,659 | €202,858 | +€80,199 | +65.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €117,659 | €197,858 | +€80,199 | +68.2% |
| Distributable reserves | 133 | €117,659 | €197,858 | +€80,199 | +68.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,504 | €19,300 | -€6,204 | -24.3% |
| Amounts payable within one year | 42/48 | €25,344 | €19,140 | -€6,204 | -24.5% |
| Trade debts | 44 | €3,614 | €3,332 | -€282 | -7.8% |
| Suppliers | 440/4 | €3,614 | €3,332 | -€282 | -7.8% |
| Taxes, remuneration and social security | 45 | €18,619 | €14,103 | -€4,516 | -24.3% |
| Taxes | 450/3 | €18,619 | €14,103 | -€4,516 | -24.3% |
| Other amounts payable | 47/48 | €3,112 | €1,705 | -€1,407 | -45.2% |
| Accrued charges and deferred income | 492/3 | €160 | €160 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €111 | +€111 | |
| Other operating charges | 640/8 | €132 | €144 | +€12 | +9.0% |
| Gross operating margin | 9900 | €104,506 | €104,206 | -€301 | -0.3% |
| Operating profit (loss) | 9901 | €104,374 | €103,951 | -€424 | -0.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €75 | €45 | -€30 | -39.9% |
| Recurring financial charges | 65 | €75 | €45 | -€30 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €104,299 | €103,906 | -€394 | -0.4% |
| Income taxes | 67/77 | €22,607 | €23,706 | +€1,099 | +4.9% |
| Profit (loss) for the period | 9904 | €81,692 | €80,199 | -€1,493 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €81,692 | €80,199 | -€1,493 | -1.8% |
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 18 October 2026 via checked.be.