LVD CONSULTANCY: 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 CONSULTANCY
Largest movements
- Stocks and contracts -€111,152
down €111,152 (-21.5%), from €517,166 to €406,014
- Receivables within one year +€59,389
up €59,389 (+32.2%), from €184,572 to €243,961
of which Trade receivables: +€63,386
- Tangible fixed assets -€32,255
down €32,255 (-19.3%), from €167,003 to €134,747
of which Plant, machinery and equipment: -€20,623
- Debts after one year -€202,319
down €202,319 (-30.3%), from €667,238 to €464,920
- Trade debts +€125,051
up €125,051 (+36.1%), from €346,348 to €471,399
- Gross operating margin +€13,814
up €13,814 (+14.9%), from €92,488 to €106,302
- Financial charges +€9,715
up €9,715 (+87.7%), from €11,084 to €20,799
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 | €1,284,950 | €1,204,230 | -€80,720 | -6.3% |
| Fixed assets | 21/28 | €582,003 | €549,747 | -€32,255 | -5.5% |
| Tangible fixed assets | 22/27 | €167,003 | €134,747 | -€32,255 | -19.3% |
| Plant, machinery and equipment | 23 | €131,230 | €110,607 | -€20,623 | -15.7% |
| Furniture and vehicles | 24 | €35,773 | €24,141 | -€11,632 | -32.5% |
| Financial fixed assets | 28 | €415,000 | €415,000 | = | 0.0% |
| Current assets | 29/58 | €702,947 | €654,482 | -€48,465 | -6.9% |
| Stocks and contracts in progress | 3 | €517,166 | €406,014 | -€111,152 | -21.5% |
| Stocks | 30/36 | €517,166 | €406,014 | -€111,152 | -21.5% |
| Amounts receivable within one year | 40/41 | €184,572 | €243,961 | +€59,389 | +32.2% |
| Trade receivables | 40 | €169,317 | €232,703 | +€63,386 | +37.4% |
| Other amounts receivable | 41 | €15,255 | €11,258 | -€3,997 | -26.2% |
| Cash at bank and in hand | 54/58 | €564 | €4,056 | +€3,493 | +620% |
| Deferred charges and accrued income | 490/1 | €646 | €451 | -€195 | -30.1% |
| Total equity and liabilities | 10/49 | €1,284,950 | €1,204,230 | -€80,720 | -6.3% |
| Equity | 10/15 | €231,871 | €238,550 | +€6,680 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €211,411 | €218,090 | +€6,680 | +3.2% |
| Amounts payable | 17/49 | €1,053,079 | €965,680 | -€87,400 | -8.3% |
| Amounts payable after more than one year | 17 | €667,238 | €464,920 | -€202,319 | -30.3% |
| Financial debts | 170/4 | €667,238 | €464,920 | -€202,319 | -30.3% |
| Amounts payable within one year | 42/48 | €385,841 | €500,760 | +€114,919 | +29.8% |
| Current portion of amounts payable after more than one year | 42 | €31,037 | €21,381 | -€9,655 | -31.1% |
| Trade debts | 44 | €346,348 | €471,399 | +€125,051 | +36.1% |
| Suppliers | 440/4 | €346,348 | €471,399 | +€125,051 | +36.1% |
| Taxes, remuneration and social security | 45 | €4,859 | €5,425 | +€566 | +11.7% |
| Taxes | 450/3 | €4,859 | €5,425 | +€566 | +11.7% |
| Other amounts payable | 47/48 | €3,598 | €2,555 | -€1,044 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,047 | €32,255 | -€792 | -2.4% |
| Other operating charges | 640/8 | €5,357 | €6,349 | +€992 | +18.5% |
| Gross operating margin | 9900 | €92,488 | €106,302 | +€13,814 | +14.9% |
| Operating profit (loss) | 9901 | €54,084 | €67,698 | +€13,614 | +25.2% |
| Financial income | 75/76B | €349 | €712 | +€363 | +104% |
| Recurring financial income | 75 | €349 | €712 | +€363 | +104% |
| Financial charges | 65/66B | €11,084 | €20,799 | +€9,715 | +87.7% |
| Recurring financial charges | 65 | €11,084 | €20,799 | +€9,715 | +87.7% |
| Profit (loss) for the period before taxes | 9903 | €43,349 | €47,611 | +€4,262 | +9.8% |
| Income taxes | 67/77 | €41,505 | €40,932 | -€574 | -1.4% |
| Profit (loss) for the period | 9904 | €1,844 | €6,680 | +€4,836 | +262% |
| Profit (loss) for the period to be appropriated | 9905 | €1,844 | €6,680 | +€4,836 | +262% |
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 30 October 2026 via checked.be.