LVD BeNeLux: 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.
What changed
LVD BeNeLux
NACE 46.649, Wholesale of other machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€112,125
2024 · €109,372+€2,753
Equity
€2.0m
2024 · €2.4m-€390,590
Cash
€13,615
2024 · €24,528-€10,913
Balance sheet total
€3.0m
2024 · €3.5m-€481,933
Largest movements
Assets
- Receivables within one year -€289,477
down €289,477 (-9.1%), from €3.2m to €2.9m
of which Trade receivables: -€280,536
- Stocks and contracts -€179,891
down €179,891 (-61.3%), from €293,545 to €113,655
Equity and liabilities
- Profit (loss) carried forward -€390,590
down €390,590 (-72.8%), from €536,684 to €146,094
- Trade debts -€325,694
down €325,694 (-43.6%), from €747,628 to €421,935
- Other debts +€173,350
up €173,350 (+52.6%), from €329,365 to €502,715
- Tax, wage and social debts +€98,875
up €98,875 (+216%), from €45,695 to €144,570
of which Taxes: +€95,648
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€109,372
Gross operating margin
+€1,239
Staff costs
-€3,328
Depreciation
+€1,700
Other operating charges
+€1,331
Financial income
-€342
Financial charges
-€142
Taxes
+€2,295
Result 2025
€112,125
raises the resultlowers the result
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.
From operations
+€493,592
Investment
-€1,791
Financing
-€502,715
Cash 2024
€24,528
From operations (derived)
+€493,592
Net result for the year
+€112,125
Depreciation
+€5,304
Stocks and contracts
+€179,891
Receivables within one year
+€289,477
Deferred charges and accrued income
-€1,862
Trade debts
-€325,694
Tax, wage and social debts
+€98,875
Advances received
-€33,768
Other debts
+€173,350
Accrued charges and deferred income
-€4,106
Investment (derived)
-€1,791
Investment in fixed assets (net)
-€1,791
Financing
-€502,715
Contributions, distributions and other
-€502,715
Cash 2025
€13,615
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,524,129 | €3,042,197 | -€481,933 | -13.7% |
| Fixed assets | 21/28 | €22,371 | €18,858 | -€3,514 | -15.7% |
| Tangible fixed assets | 22/27 | €10,672 | €7,158 | -€3,514 | -32.9% |
| Plant, machinery and equipment | 23 | €1,881 | €1,518 | -€363 | -19.3% |
| Furniture and vehicles | 24 | €8,791 | €5,640 | -€3,150 | -35.8% |
| Financial fixed assets | 28 | €11,699 | €11,699 | = | 0.0% |
| Current assets | 29/58 | €3,501,758 | €3,023,339 | -€478,419 | -13.7% |
| Stocks and contracts in progress | 3 | €293,545 | €113,655 | -€179,891 | -61.3% |
| Stocks | 30/36 | €293,545 | €113,655 | -€179,891 | -61.3% |
| Amounts receivable within one year | 40/41 | €3,180,211 | €2,890,734 | -€289,477 | -9.1% |
| Trade receivables | 40 | €3,171,270 | €2,890,734 | -€280,536 | -8.8% |
| Other amounts receivable | 41 | €8,942 | - | -€8,942 | |
| Cash at bank and in hand | 54/58 | €24,528 | €13,615 | -€10,913 | -44.5% |
| Deferred charges and accrued income | 490/1 | €3,474 | €5,336 | +€1,862 | +53.6% |
| Total equity and liabilities | 10/49 | €3,524,129 | €3,042,197 | -€481,933 | -13.7% |
| Equity | 10/15 | €2,361,514 | €1,970,924 | -€390,590 | -16.5% |
| Contributions | 10/11 | €745,000 | €745,000 | = | 0.0% |
| Capital | 10 | €745,000 | €745,000 | = | 0.0% |
| Issued capital | 100 | €745,000 | €745,000 | = | 0.0% |
| Reserves | 13 | €1,079,830 | €1,079,830 | = | 0.0% |
| Non-distributable reserves | 130/1 | €74,872 | €74,872 | = | 0.0% |
| Legal reserve | 130 | €74,500 | €74,500 | = | 0.0% |
| Other | 1319 | €372 | €372 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €536,684 | €146,094 | -€390,590 | -72.8% |
| Amounts payable | 17/49 | €1,162,615 | €1,071,273 | -€91,342 | -7.9% |
| Amounts payable within one year | 42/48 | €1,156,457 | €1,069,220 | -€87,237 | -7.5% |
| Trade debts | 44 | €747,628 | €421,935 | -€325,694 | -43.6% |
| Suppliers | 440/4 | €747,628 | €421,935 | -€325,694 | -43.6% |
| Advances received on contracts in progress | 46 | €33,768 | - | -€33,768 | |
| Taxes, remuneration and social security | 45 | €45,695 | €144,570 | +€98,875 | +216% |
| Taxes | 450/3 | €22,522 | €118,170 | +€95,648 | +425% |
| Remuneration and social security | 454/9 | €23,173 | €26,401 | +€3,228 | +13.9% |
| Other amounts payable | 47/48 | €329,365 | €502,715 | +€173,350 | +52.6% |
| Accrued charges and deferred income | 492/3 | €6,159 | €2,053 | -€4,106 | -66.7% |
| Remuneration, social security and pensions | 62 | €192,325 | €195,653 | +€3,328 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,004 | €5,304 | -€1,700 | -24.3% |
| Other operating charges | 640/8 | €4,038 | €2,707 | -€1,331 | -33.0% |
| Gross operating margin | 9900 | €368,811 | €370,050 | +€1,239 | +0.3% |
| Operating profit (loss) | 9901 | €165,444 | €166,386 | +€942 | +0.6% |
| Financial income | 75/76B | €661 | €318 | -€342 | -51.8% |
| Recurring financial income | 75 | €661 | €318 | -€342 | -51.8% |
| Financial charges | 65/66B | €3,938 | €4,080 | +€142 | +3.6% |
| Recurring financial charges | 65 | €3,938 | €4,080 | +€142 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €162,166 | €162,624 | +€458 | +0.3% |
| Income taxes | 67/77 | €52,795 | €50,499 | -€2,295 | -4.3% |
| Profit (loss) for the period | 9904 | €109,372 | €112,125 | +€2,753 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €109,372 | €112,125 | +€2,753 | +2.5% |
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 29 October 2026 via checked.be.