LVDK Management: 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.
LVDK Management
Largest movements
- Tangible fixed assets +€196,240
up €196,240 (+1,025%), from €19,141 to €215,381
- Cash +€26,660
up €26,660 (+719%), from €3,709 to €30,368
mainly Debts after one year (+€128,239) and Net result for the year (+€43,170)
- Debts after one year +€128,239
new in 2025: €128,239
- Reserves +€43,170
up €43,170 (+43.8%), from €98,495 to €141,665
- Current portion of long-term debt +€41,761
new in 2025: €41,761
- Tax, wage and social debts +€14,720
up €14,720 (+35.8%), from €41,166 to €55,886
of which Taxes: +€14,652
- Gross operating margin -€52,298
down €52,298 (-40.2%), from €129,941 to €77,643
- Other operating charges +€18,739
up €18,739 (+1,508%), from €1,242 to €19,981
- Taxes -€17,208
down €17,208 (-56.7%), from €30,344 to €13,136
- Depreciation +€5,206
up €5,206 (+1,226%), from €425 to €5,631
- Financial income +€3,733
up €3,733 (+576%), from €648 to €4,380
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 | €139,661 | €367,671 | +€228,010 | +163% |
| Fixed assets | 21/28 | €19,141 | €215,381 | +€196,240 | +1,025% |
| Tangible fixed assets | 22/27 | €19,141 | €215,381 | +€196,240 | +1,025% |
| Land and buildings | 22 | €19,141 | €215,381 | +€196,240 | +1,025% |
| Current assets | 29/58 | €120,520 | €152,290 | +€31,770 | +26.4% |
| Amounts receivable within one year | 40/41 | €116,812 | €118,263 | +€1,452 | +1.2% |
| Trade receivables | 40 | €16,335 | €16,335 | = | 0.0% |
| Other amounts receivable | 41 | €100,477 | €101,928 | +€1,452 | +1.4% |
| Cash at bank and in hand | 54/58 | €3,709 | €30,368 | +€26,660 | +719% |
| Deferred charges and accrued income | 490/1 | - | €3,658 | +€3,658 | |
| Total equity and liabilities | 10/49 | €139,661 | €367,671 | +€228,010 | +163% |
| Equity | 10/15 | €98,496 | €141,666 | +€43,170 | +43.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €98,495 | €141,665 | +€43,170 | +43.8% |
| Distributable reserves | 133 | €98,495 | €141,665 | +€43,170 | +43.8% |
| Amounts payable | 17/49 | €41,166 | €226,006 | +€184,840 | +449% |
| Amounts payable after more than one year | 17 | - | €128,239 | +€128,239 | |
| Financial debts | 170/4 | - | €128,239 | +€128,239 | |
| Amounts payable within one year | 42/48 | €41,166 | €97,767 | +€56,601 | +137% |
| Current portion of amounts payable after more than one year | 42 | - | €41,761 | +€41,761 | |
| Trade debts | 44 | - | €120 | +€120 | |
| Suppliers | 440/4 | - | €120 | +€120 | |
| Taxes, remuneration and social security | 45 | €41,166 | €55,886 | +€14,720 | +35.8% |
| Taxes | 450/3 | €36,476 | €51,127 | +€14,652 | +40.2% |
| Remuneration and social security | 454/9 | €4,690 | €4,759 | +€69 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €425 | €5,631 | +€5,206 | +1,226% |
| Other operating charges | 640/8 | €1,242 | €19,981 | +€18,739 | +1,508% |
| Gross operating margin | 9900 | €129,941 | €77,643 | -€52,298 | -40.2% |
| Operating profit (loss) | 9901 | €128,274 | €52,031 | -€76,243 | -59.4% |
| Financial income | 75/76B | €648 | €4,380 | +€3,733 | +576% |
| Recurring financial income | 75 | €648 | €4,380 | +€3,733 | +576% |
| Financial charges | 65/66B | €83 | €106 | +€23 | +27.2% |
| Recurring financial charges | 65 | €83 | €106 | +€23 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €128,839 | €56,306 | -€72,533 | -56.3% |
| Income taxes | 67/77 | €30,344 | €13,136 | -€17,208 | -56.7% |
| Profit (loss) for the period | 9904 | €98,495 | €43,170 | -€55,325 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €98,495 | €43,170 | -€55,325 | -56.2% |
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 18 October 2026 via checked.be.