LVDG: 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.
LVDG
Largest movements
- Cash -€8,301
down €8,301 (-76.8%), from €10,815 to €2,514
mainly Net result for the year (-€12,083) and Tax, wage and social debts (-€1,848)
- Receivables within one year -€3,833
down €3,833 (-10.2%), from €37,589 to €33,756
of which Trade receivables: -€16,965
- Profit (loss) carried forward -€12,083
down €12,083 (-36.4%), from €33,212 to €21,128
- Trade debts +€3,573
up €3,573 (+1240.7%), from €288 to €3,861
- Tax, wage and social debts -€1,848
down €1,848 (-17.0%), from €10,855 to €9,007
of which Taxes: -€1,848
- Other debts -€1,314
down €1,314 (-40.0%), from €3,289 to €1,974
- Gross operating margin -€27,717
down €27,717, from €16,041 to -€11,676
- Taxes -€3,541
no longer reported in 2025 (was €3,541)
- Depreciation -€377
no longer reported in 2025 (was €377)
- Other operating charges +€275
new in 2025: €275
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 | €51,105 | €38,971 | -€12,133 | -23.7% |
| Fixed assets | 21/28 | €2,600 | €2,600 | = | 0.0% |
| Financial fixed assets | 28 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €48,505 | €36,371 | -€12,133 | -25.0% |
| Amounts receivable within one year | 40/41 | €37,589 | €33,756 | -€3,833 | -10.2% |
| Trade receivables | 40 | €16,965 | - | -€16,965 | |
| Other amounts receivable | 41 | €20,623 | €33,756 | +€13,133 | +63.7% |
| Cash at bank and in hand | 54/58 | €10,815 | €2,514 | -€8,301 | -76.8% |
| Deferred charges and accrued income | 490/1 | €101 | €101 | = | 0.0% |
| Total equity and liabilities | 10/49 | €51,105 | €38,971 | -€12,133 | -23.7% |
| Equity | 10/15 | €36,212 | €24,128 | -€12,083 | -33.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,212 | €21,128 | -€12,083 | -36.4% |
| Amounts payable | 17/49 | €14,893 | €14,843 | -€50 | -0.3% |
| Amounts payable within one year | 42/48 | €14,893 | €14,843 | -€50 | -0.3% |
| Financial debts | 43 | €461 | - | -€461 | |
| Credit institutions | 430/8 | €461 | - | -€461 | |
| Trade debts | 44 | €288 | €3,861 | +€3,573 | +1240.7% |
| Suppliers | 440/4 | €288 | €3,861 | +€3,573 | +1240.7% |
| Taxes, remuneration and social security | 45 | €10,855 | €9,007 | -€1,848 | -17.0% |
| Taxes | 450/3 | €9,189 | €7,341 | -€1,848 | -20.1% |
| Remuneration and social security | 454/9 | €1,666 | €1,666 | = | 0.0% |
| Other amounts payable | 47/48 | €3,289 | €1,974 | -€1,314 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €377 | - | -€377 | |
| Other operating charges | 640/8 | - | €275 | +€275 | |
| Gross operating margin | 9900 | €16,041 | -€11,676 | -€27,717 | |
| Operating profit (loss) | 9901 | €15,665 | -€11,951 | -€27,616 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €159 | €132 | -€26 | -16.5% |
| Recurring financial charges | 65 | €159 | €132 | -€26 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €15,507 | -€12,083 | -€27,591 | |
| Income taxes | 67/77 | €3,541 | - | -€3,541 | |
| Profit (loss) for the period | 9904 | €11,966 | -€12,083 | -€24,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,966 | -€12,083 | -€24,050 |
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 8 October 2026 via checked.be.