LVD Capital: 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 Capital
Largest movements
- Tangible fixed assets -€9,460
down €9,460 (-2.5%), from €375,414 to €365,954
- Debts after one year -€25,253
down €25,253 (-10.0%), from €253,326 to €228,073
- Other debts +€19,000
up €19,000 (+65.9%), from €28,852 to €47,852
- Trade debts -€4,094
no longer reported in 2025 (was €4,094)
- Gross operating margin -€2,889
down €2,889 (-17.5%), from €16,546 to €13,657
- Financial charges -€2,400
down €2,400 (-47.9%), from €5,007 to €2,606
- Other operating charges -€1,343
down €1,343 (-55.7%), from €2,409 to €1,066
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 | €377,288 | €370,336 | -€6,951 | -1.8% |
| Fixed assets | 21/28 | €375,414 | €365,954 | -€9,460 | -2.5% |
| Tangible fixed assets | 22/27 | €375,414 | €365,954 | -€9,460 | -2.5% |
| Land and buildings | 22 | €375,414 | €365,954 | -€9,460 | -2.5% |
| Current assets | 29/58 | €1,874 | €4,383 | +€2,509 | +134% |
| Amounts receivable within one year | 40/41 | - | €342 | +€342 | |
| Trade receivables | 40 | - | €342 | +€342 | |
| Cash at bank and in hand | 54/58 | €1,874 | €3,939 | +€2,065 | +110% |
| Deferred charges and accrued income | 490/1 | - | €102 | +€102 | |
| Total equity and liabilities | 10/49 | €377,288 | €370,336 | -€6,951 | -1.8% |
| Equity | 10/15 | €66,143 | €66,528 | +€385 | +0.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,143 | €46,528 | +€385 | +0.8% |
| Amounts payable | 17/49 | €311,145 | €303,808 | -€7,336 | -2.4% |
| Amounts payable after more than one year | 17 | €253,326 | €228,073 | -€25,253 | -10.0% |
| Financial debts | 170/4 | €253,326 | €228,073 | -€25,253 | -10.0% |
| Amounts payable within one year | 42/48 | €57,818 | €73,245 | +€15,427 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | €24,872 | €25,253 | +€381 | +1.5% |
| Trade debts | 44 | €4,094 | - | -€4,094 | |
| Suppliers | 440/4 | €4,094 | - | -€4,094 | |
| Taxes, remuneration and social security | 45 | - | €140 | +€140 | |
| Taxes | 450/3 | - | €140 | +€140 | |
| Other amounts payable | 47/48 | €28,852 | €47,852 | +€19,000 | +65.9% |
| Accrued charges and deferred income | 492/3 | - | €2,490 | +€2,490 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,460 | €9,460 | = | 0.0% |
| Other operating charges | 640/8 | €2,409 | €1,066 | -€1,343 | -55.7% |
| Gross operating margin | 9900 | €16,546 | €13,657 | -€2,889 | -17.5% |
| Operating profit (loss) | 9901 | €4,678 | €3,131 | -€1,546 | -33.1% |
| Financial charges | 65/66B | €5,007 | €2,606 | -€2,400 | -47.9% |
| Recurring financial charges | 65 | €5,007 | €2,606 | -€2,400 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | -€329 | €525 | +€854 | |
| Income taxes | 67/77 | - | €140 | +€140 | |
| Profit (loss) for the period | 9904 | -€329 | €385 | +€714 | |
| Profit (loss) for the period to be appropriated | 9905 | -€329 | €385 | +€714 |
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.