LVD CONSULTING: 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 CONSULTING
Largest movements
- Financial fixed assets +€37,500
new in 2025: €37,500
- Receivables within one year -€14,714
down €14,714 (-33.0%), from €44,537 to €29,824
of which Other amounts receivable: -€13,806
- Cash +€14,545
up €14,545 (+5,299%), from €275 to €14,820
mainly Net result for the year (+€39,529) and Receivables within one year (+€14,714)
- Tangible fixed assets -€12,105
down €12,105 (-5.0%), from €243,934 to €231,829
of which Land and buildings: -€13,500
- Profit (loss) carried forward +€39,529
up €39,529 (+38.0%), from -€104,025 to -€64,496
- Debts after one year -€13,795
down €13,795 (-5.8%), from €236,159 to €222,364
- Current portion of long-term debt +€4,156
up €4,156 (+43.1%), from €9,640 to €13,795
- Trade debts -€3,435
down €3,435 (-76.3%), from €4,505 to €1,070
- Gross operating margin -€11,952
down €11,952 (-13.8%), from €86,338 to €74,386
- Financial charges +€10,417
up €10,417 (+116%), from €8,993 to €19,410
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 | €289,885 | €315,290 | +€25,405 | +8.8% |
| Fixed assets | 21/28 | €243,934 | €269,329 | +€25,395 | +10.4% |
| Tangible fixed assets | 22/27 | €243,934 | €231,829 | -€12,105 | -5.0% |
| Land and buildings | 22 | €243,270 | €229,770 | -€13,500 | -5.5% |
| Furniture and vehicles | 24 | €664 | €2,059 | +€1,395 | +210% |
| Financial fixed assets | 28 | - | €37,500 | +€37,500 | |
| Current assets | 29/58 | €45,950 | €45,961 | +€10 | 0.0% |
| Amounts receivable within one year | 40/41 | €44,537 | €29,824 | -€14,714 | -33.0% |
| Trade receivables | 40 | €908 | - | -€908 | |
| Other amounts receivable | 41 | €43,630 | €29,824 | -€13,806 | -31.6% |
| Cash at bank and in hand | 54/58 | €275 | €14,820 | +€14,545 | +5,299% |
| Deferred charges and accrued income | 490/1 | €1,138 | €1,317 | +€179 | +15.7% |
| Total equity and liabilities | 10/49 | €289,885 | €315,290 | +€25,405 | +8.8% |
| Equity | 10/15 | -€95,965 | -€56,436 | +€39,529 | +41.2% |
| 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 | -€104,025 | -€64,496 | +€39,529 | +38.0% |
| Provisions and deferred taxes | 16 | €134,277 | €133,176 | -€1,101 | -0.8% |
| Provisions for liabilities and charges | 160/5 | €134,277 | €133,176 | -€1,101 | -0.8% |
| Environmental obligations | 163 | €134,277 | €133,176 | -€1,101 | -0.8% |
| Amounts payable | 17/49 | €251,573 | €238,549 | -€13,023 | -5.2% |
| Amounts payable after more than one year | 17 | €236,159 | €222,364 | -€13,795 | -5.8% |
| Financial debts | 170/4 | €236,159 | €222,364 | -€13,795 | -5.8% |
| Amounts payable within one year | 42/48 | €15,413 | €16,185 | +€772 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €9,640 | €13,795 | +€4,156 | +43.1% |
| Trade debts | 44 | €4,505 | €1,070 | -€3,435 | -76.3% |
| Suppliers | 440/4 | €4,505 | €1,070 | -€3,435 | -76.3% |
| Taxes, remuneration and social security | 45 | €769 | €820 | +€52 | +6.7% |
| Taxes | 450/3 | €769 | €820 | +€52 | +6.7% |
| Other amounts payable | 47/48 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,301 | €14,680 | +€380 | +2.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,059 | -€1,101 | -€42 | -4.0% |
| Other operating charges | 640/8 | €1,600 | €1,650 | +€49 | +3.1% |
| Gross operating margin | 9900 | €86,338 | €74,386 | -€11,952 | -13.8% |
| Operating profit (loss) | 9901 | €71,496 | €59,157 | -€12,339 | -17.3% |
| Financial income | 75/76B | €34 | €0 | -€34 | -99.8% |
| Recurring financial income | 75 | €34 | €0 | -€34 | -99.8% |
| Financial charges | 65/66B | €8,993 | €19,410 | +€10,417 | +116% |
| Recurring financial charges | 65 | €8,993 | €19,410 | +€10,417 | +116% |
| Profit (loss) for the period before taxes | 9903 | €62,537 | €39,747 | -€22,790 | -36.4% |
| Income taxes | 67/77 | €166 | €217 | +€52 | +31.1% |
| Profit (loss) for the period | 9904 | €62,371 | €39,529 | -€22,842 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,371 | €39,529 | -€22,842 | -36.6% |
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 15 October 2026 via checked.be.