LVdE: what changed
Two fiscal 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.
LVdE
Largest movements
- Current investments +€60,448
up €60,448 (+172.7%), from €35,000 to €95,448
- Receivables within one year +€29,063
up €29,063 (+1212.3%), from €2,397 to €31,460
of which Trade receivables: +€30,571
- Cash +€25,544
up €25,544 (+323.0%), from €7,908 to €33,452
mainly Net result for the year (+€81,092) and Tax, wage and social debts (+€37,848)
- Reserves +€81,092
up €81,092 (+405.7%), from €19,987 to €101,079
- Tax, wage and social debts +€37,848
up €37,848 (+564.9%), from €6,700 to €44,547
- Other debts -€3,352
down €3,352 (-21.0%), from €15,976 to €12,624
- Gross operating margin +€80,709
up €80,709 (+281.8%), from €28,643 to €109,353
- Taxes +€20,617
up €20,617 (+307.7%), from €6,700 to €27,316
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.
Cash bridge derived
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 | €49,271 | €163,400 | +€114,129 | +231.6% |
| Fixed assets | 21/28 | €3,966 | €3,039 | -€927 | -23.4% |
| Tangible fixed assets | 22/27 | €3,966 | €3,039 | -€927 | -23.4% |
| Furniture and vehicles | 24 | €3,966 | €3,039 | -€927 | -23.4% |
| Current assets | 29/58 | €45,305 | €160,360 | +€115,055 | +254.0% |
| Amounts receivable within one year | 40/41 | €2,397 | €31,460 | +€29,063 | +1212.3% |
| Trade receivables | 40 | €889 | €31,460 | +€30,571 | +3439.3% |
| Other amounts receivable | 41 | €1,508 | €0 | -€1,508 | -100.0% |
| Current investments | 50/53 | €35,000 | €95,448 | +€60,448 | +172.7% |
| Cash at bank and in hand | 54/58 | €7,908 | €33,452 | +€25,544 | +323.0% |
| Total equity and liabilities | 10/49 | €49,271 | €163,400 | +€114,129 | +231.6% |
| Equity | 10/15 | €24,987 | €106,079 | +€81,092 | +324.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €19,987 | €101,079 | +€81,092 | +405.7% |
| Distributable reserves | 133 | €19,987 | €101,079 | +€81,092 | +405.7% |
| Amounts payable | 17/49 | €24,284 | €57,321 | +€33,037 | +136.0% |
| Amounts payable within one year | 42/48 | €24,284 | €57,321 | +€33,037 | +136.0% |
| Trade debts | 44 | €1,608 | €149 | -€1,459 | -90.7% |
| Suppliers | 440/4 | €1,608 | €149 | -€1,459 | -90.7% |
| Taxes, remuneration and social security | 45 | €6,700 | €44,547 | +€37,848 | +564.9% |
| Taxes | 450/3 | €6,700 | €44,547 | +€37,848 | +564.9% |
| Other amounts payable | 47/48 | €15,976 | €12,624 | -€3,352 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €667 | €927 | +€260 | +38.9% |
| Other operating charges | 640/8 | €1,290 | €585 | -€704 | -54.6% |
| Gross operating margin | 9900 | €28,643 | €109,353 | +€80,709 | +281.8% |
| Operating profit (loss) | 9901 | €26,687 | €107,841 | +€81,154 | +304.1% |
| Financial income | 75/76B | - | €640 | +€640 | |
| Recurring financial income | 75 | - | €640 | +€640 | |
| Financial charges | 65/66B | - | €72 | +€72 | |
| Recurring financial charges | 65 | - | €72 | +€72 | |
| Profit (loss) for the period before taxes | 9903 | €26,687 | €108,408 | +€81,722 | +306.2% |
| Income taxes | 67/77 | €6,700 | €27,316 | +€20,617 | +307.7% |
| Profit (loss) for the period | 9904 | €19,987 | €81,092 | +€61,105 | +305.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,987 | €81,092 | +€61,105 | +305.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.