LVD PUBLI: 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 PUBLI
Largest movements
- Receivables within one year +€15,539
up €15,539 (+37.6%), from €41,362 to €56,901
- Cash +€5,943
up €5,943 (+52.5%), from €11,313 to €17,257
mainly Trade debts (+€11,953) and Net result for the year (+€9,478)
- Stocks and contracts +€5,685
up €5,685 (+6.8%), from €83,113 to €88,798
- Tangible fixed assets -€4,217
down €4,217 (-79.0%), from €5,337 to €1,119
of which Other tangible fixed assets: -€2,908
- Deferred charges and accrued income -€2,592
down €2,592 (-77.0%), from €3,367 to €776
- Trade debts +€11,953
up €11,953 (+38.5%), from €31,070 to €43,023
- Profit (loss) carried forward +€9,478
up €9,478 (+6.3%), from -€149,901 to -€140,423
- Debts after one year -€4,532
down €4,532 (-2.9%), from €155,779 to €151,247
of which Financial debts: -€11,086
- Tax, wage and social debts +€2,306
up €2,306 (+9.8%), from €23,471 to €25,777
of which Taxes: +€5,404
- Gross operating margin +€8,340
up €8,340 (+10.3%), from €80,619 to €88,959
- Staff costs -€5,831
down €5,831 (-7.8%), from €74,463 to €68,631
- Financial charges -€3,774
down €3,774 (-61.8%), from €6,103 to €2,329
of which Financial charges: -€3,361
- Taxes +€2,174
up €2,174, from €0 to €2,174
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 | €144,492 | €164,851 | +€20,359 | +14.1% |
| Fixed assets | 21/28 | €5,337 | €1,119 | -€4,217 | -79.0% |
| Tangible fixed assets | 22/27 | €5,337 | €1,119 | -€4,217 | -79.0% |
| Furniture and vehicles | 24 | €1,956 | €646 | -€1,310 | -67.0% |
| Other tangible fixed assets | 26 | €3,381 | €473 | -€2,908 | -86.0% |
| Current assets | 29/58 | €139,155 | €163,731 | +€24,576 | +17.7% |
| Stocks and contracts in progress | 3 | €83,113 | €88,798 | +€5,685 | +6.8% |
| Stocks | 30/36 | €83,113 | €88,798 | +€5,685 | +6.8% |
| Amounts receivable within one year | 40/41 | €41,362 | €56,901 | +€15,539 | +37.6% |
| Trade receivables | 40 | €41,362 | €56,901 | +€15,539 | +37.6% |
| Cash at bank and in hand | 54/58 | €11,313 | €17,257 | +€5,943 | +52.5% |
| Deferred charges and accrued income | 490/1 | €3,367 | €776 | -€2,592 | -77.0% |
| Total equity and liabilities | 10/49 | €144,492 | €164,851 | +€20,359 | +14.1% |
| Equity | 10/15 | -€75,761 | -€66,283 | +€9,478 | +12.5% |
| Contributions | 10/11 | €74,088 | €74,088 | = | 0.0% |
| Reserves | 13 | €52 | €52 | = | 0.0% |
| Tax-exempt reserves | 132 | €52 | €52 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,901 | -€140,423 | +€9,478 | +6.3% |
| Amounts payable | 17/49 | €220,252 | €231,134 | +€10,881 | +4.9% |
| Amounts payable after more than one year | 17 | €155,779 | €151,247 | -€4,532 | -2.9% |
| Financial debts | 170/4 | €136,013 | €124,927 | -€11,086 | -8.2% |
| Other amounts payable | 178/9 | €19,766 | €26,320 | +€6,554 | +33.2% |
| Amounts payable within one year | 42/48 | €64,473 | €79,886 | +€15,413 | +23.9% |
| Current portion of amounts payable after more than one year | 42 | €9,932 | €11,086 | +€1,154 | +11.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €31,070 | €43,023 | +€11,953 | +38.5% |
| Suppliers | 440/4 | €31,070 | €43,023 | +€11,953 | +38.5% |
| Taxes, remuneration and social security | 45 | €23,471 | €25,777 | +€2,306 | +9.8% |
| Taxes | 450/3 | €13,306 | €18,710 | +€5,404 | +40.6% |
| Remuneration and social security | 454/9 | €10,166 | €7,067 | -€3,099 | -30.5% |
| Remuneration, social security and pensions | 62 | €74,463 | €68,631 | -€5,831 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,218 | €4,217 | -€1 | 0.0% |
| Other operating charges | 640/8 | €2,190 | €2,130 | -€60 | -2.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €80,619 | €88,959 | +€8,340 | +10.3% |
| Operating profit (loss) | 9901 | -€251 | €13,981 | +€14,232 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,103 | €2,329 | -€3,774 | -61.8% |
| Recurring financial charges | 65 | €5,690 | €2,329 | -€3,361 | -59.1% |
| Non-recurring financial charges | 66B | €413 | €0 | -€413 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€6,355 | €11,651 | +€18,006 | |
| Income taxes | 67/77 | €0 | €2,174 | +€2,174 | |
| Profit (loss) for the period | 9904 | -€6,355 | €9,478 | +€15,832 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,355 | €9,478 | +€15,832 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.