LVD and Cca: 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.
LVD and Cca
Largest movements
- Tangible fixed assets +€4,280
up €4,280 (+117%), from €3,647 to €7,927
of which Furniture and vehicles: +€4,839
- Cash +€2,986
up €2,986 (+37.5%), from €7,957 to €10,942
mainly Net result for the year (+€15,335) and Depreciation (+€3,308)
- Receivables within one year +€2,254
up €2,254 (+3.0%), from €74,215 to €76,469
of which Other amounts receivable: +€2,458
- Profit (loss) carried forward +€15,335
up €15,335 (+42.0%), from €36,546 to €51,882
- Tax, wage and social debts -€4,036
down €4,036 (-10.3%), from €39,177 to €35,141
- Accrued charges and deferred income -€1,574
no longer reported in 2025 (was €1,574)
- Gross operating margin +€6,366
up €6,366 (+37.1%), from €17,169 to €23,535
- Financial charges -€3,146
down €3,146 (-87.5%), from €3,595 to €449
- Depreciation +€1,698
up €1,698 (+105%), from €1,610 to €3,308
- Taxes +€1,643
up €1,643 (+45.0%), from €3,650 to €5,292
- Financial income +€313
up €313 (+58.1%), from €538 to €850
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 | €85,909 | €95,429 | +€9,520 | +11.1% |
| Fixed assets | 21/28 | €3,737 | €8,017 | +€4,280 | +115% |
| Tangible fixed assets | 22/27 | €3,647 | €7,927 | +€4,280 | +117% |
| Plant, machinery and equipment | 23 | €2,554 | €1,995 | -€558 | -21.9% |
| Furniture and vehicles | 24 | €1,093 | €5,931 | +€4,839 | +443% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €82,172 | €87,412 | +€5,240 | +6.4% |
| Amounts receivable within one year | 40/41 | €74,215 | €76,469 | +€2,254 | +3.0% |
| Trade receivables | 40 | €25,180 | €24,975 | -€205 | -0.8% |
| Other amounts receivable | 41 | €49,035 | €51,494 | +€2,458 | +5.0% |
| Cash at bank and in hand | 54/58 | €7,957 | €10,942 | +€2,986 | +37.5% |
| Total equity and liabilities | 10/49 | €85,909 | €95,429 | +€9,520 | +11.1% |
| Equity | 10/15 | €44,606 | €59,942 | +€15,335 | +34.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,546 | €51,882 | +€15,335 | +42.0% |
| Amounts payable | 17/49 | €41,302 | €35,487 | -€5,816 | -14.1% |
| Amounts payable within one year | 42/48 | €39,728 | €35,487 | -€4,241 | -10.7% |
| Trade debts | 44 | €551 | €346 | -€205 | -37.2% |
| Suppliers | 440/4 | €551 | €346 | -€205 | -37.2% |
| Taxes, remuneration and social security | 45 | €39,177 | €35,141 | -€4,036 | -10.3% |
| Taxes | 450/3 | €39,177 | €35,141 | -€4,036 | -10.3% |
| Accrued charges and deferred income | 492/3 | €1,574 | - | -€1,574 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,610 | €3,308 | +€1,698 | +105% |
| Non-recurring operating charges | 66A | €9,241 | - | -€9,241 | |
| Gross operating margin | 9900 | €17,169 | €23,535 | +€6,366 | +37.1% |
| Operating profit (loss) | 9901 | €6,317 | €20,226 | +€13,909 | +220% |
| Financial income | 75/76B | €538 | €850 | +€313 | +58.1% |
| Recurring financial income | 75 | €538 | €850 | +€313 | +58.1% |
| Financial charges | 65/66B | €3,595 | €449 | -€3,146 | -87.5% |
| Recurring financial charges | 65 | €3,595 | €449 | -€3,146 | -87.5% |
| Profit (loss) for the period before taxes | 9903 | €3,260 | €20,628 | +€17,367 | +533% |
| Income taxes | 67/77 | €3,650 | €5,292 | +€1,643 | +45.0% |
| Profit (loss) for the period | 9904 | -€389 | €15,335 | +€15,725 | |
| Profit (loss) for the period to be appropriated | 9905 | -€389 | €15,335 | +€15,725 |
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 27 October 2026 via checked.be.