LVDH Group: 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.
LVDH Group
Largest movements
- Cash -€5,407
down €5,407 (-89.9%), from €6,016 to €609
mainly Net result for the year (-€18,272) and Other debts (-€12,520)
- Tangible fixed assets -€3,215
down €3,215 (-5.8%), from €55,337 to €52,122
- Receivables within one year +€2,782
up €2,782 (+95.0%), from €2,930 to €5,712
of which Trade receivables: +€3,060
- Contributions +€25,000
up €25,000 (+50.0%), from €50,000 to €75,000
- Profit (loss) carried forward -€18,272
down €18,272 (-12.1%), from -€150,960 to -€169,232
- Other debts -€12,520
down €12,520 (-7.6%), from €165,196 to €152,676
- Gross operating margin -€4,856
down €4,856 (-63.2%), from -€7,682 to -€12,538
- Other operating charges +€849
up €849 (+52.2%), from €1,625 to €2,473
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 | €64,284 | €58,444 | -€5,840 | -9.1% |
| Fixed assets | 21/28 | €55,337 | €52,122 | -€3,215 | -5.8% |
| Tangible fixed assets | 22/27 | €55,337 | €52,122 | -€3,215 | -5.8% |
| Land and buildings | 22 | €55,337 | €52,122 | -€3,215 | -5.8% |
| Current assets | 29/58 | €8,947 | €6,322 | -€2,625 | -29.3% |
| Amounts receivable within one year | 40/41 | €2,930 | €5,712 | +€2,782 | +95.0% |
| Trade receivables | 40 | €1,876 | €4,935 | +€3,060 | +163% |
| Other amounts receivable | 41 | €1,055 | €777 | -€278 | -26.3% |
| Cash at bank and in hand | 54/58 | €6,016 | €609 | -€5,407 | -89.9% |
| Total equity and liabilities | 10/49 | €64,284 | €58,444 | -€5,840 | -9.1% |
| Equity | 10/15 | -€100,960 | -€94,232 | +€6,728 | +6.7% |
| Contributions | 10/11 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Profit (loss) carried forward | 14 | -€150,960 | -€169,232 | -€18,272 | -12.1% |
| Amounts payable | 17/49 | €165,244 | €152,676 | -€12,568 | -7.6% |
| Amounts payable within one year | 42/48 | €165,244 | €152,676 | -€12,568 | -7.6% |
| Trade debts | 44 | €48 | - | -€48 | |
| Suppliers | 440/4 | €48 | - | -€48 | |
| Other amounts payable | 47/48 | €165,196 | €152,676 | -€12,520 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,215 | €3,215 | = | 0.0% |
| Other operating charges | 640/8 | €1,625 | €2,473 | +€849 | +52.2% |
| Gross operating margin | 9900 | -€7,682 | -€12,538 | -€4,856 | -63.2% |
| Operating profit (loss) | 9901 | -€12,522 | -€18,227 | -€5,705 | -45.6% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,567 | -€18,272 | -€5,705 | -45.4% |
| Profit (loss) for the period | 9904 | -€12,567 | -€18,272 | -€5,705 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,567 | -€18,272 | -€5,705 | -45.4% |
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 19 October 2026 via checked.be.