LVDK4GREEN: 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.
LVDK4GREEN
Largest movements
- Receivables within one year +€18,581
up €18,581 (+120%), from €15,502 to €34,083
of which Trade receivables: +€11,812
- Tangible fixed assets -€2,173
down €2,173 (-23.4%), from €9,295 to €7,121
- Other debts +€22,542
up €22,542 (+54.4%), from €41,437 to €63,979
- Debts after one year -€14,875
down €14,875 (-30.5%), from €48,824 to €33,949
- Profit (loss) carried forward +€9,609
up €9,609 (+77.8%), from €12,345 to €21,955
- Tax, wage and social debts -€6,231
down €6,231 (-38.9%), from €16,039 to €9,807
of which Taxes: -€11,250
- Current portion of long-term debt +€5,612
up €5,612 (+40.0%), from €14,025 to €19,637
- Gross operating margin +€9,437
up €9,437 (+63.6%), from €14,846 to €24,283
- Financial income -€8,314
no longer reported in 2025 (was €8,314)
- Taxes -€1,403
down €1,403 (-27.8%), from €5,043 to €3,640
- Other operating charges +€561
new in 2025: €561
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 | €183,027 | €200,326 | +€17,299 | +9.5% |
| Fixed assets | 21/28 | €159,295 | €157,121 | -€2,173 | -1.4% |
| Tangible fixed assets | 22/27 | €9,295 | €7,121 | -€2,173 | -23.4% |
| Furniture and vehicles | 24 | €9,295 | €7,121 | -€2,173 | -23.4% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €23,732 | €43,204 | +€19,472 | +82.1% |
| Amounts receivable within one year | 40/41 | €15,502 | €34,083 | +€18,581 | +120% |
| Trade receivables | 40 | €13,427 | €25,239 | +€11,812 | +88.0% |
| Other amounts receivable | 41 | €2,075 | €8,844 | +€6,769 | +326% |
| Cash at bank and in hand | 54/58 | €8,231 | €9,121 | +€891 | +10.8% |
| Total equity and liabilities | 10/49 | €183,027 | €200,326 | +€17,299 | +9.5% |
| Equity | 10/15 | €52,645 | €62,255 | +€9,609 | +18.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,300 | €35,300 | = | 0.0% |
| Distributable reserves | 133 | €35,300 | €35,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,345 | €21,955 | +€9,609 | +77.8% |
| Amounts payable | 17/49 | €130,381 | €138,071 | +€7,690 | +5.9% |
| Amounts payable after more than one year | 17 | €48,824 | €33,949 | -€14,875 | -30.5% |
| Financial debts | 170/4 | €48,824 | €33,949 | -€14,875 | -30.5% |
| Amounts payable within one year | 42/48 | €77,094 | €98,121 | +€21,027 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €14,025 | €19,637 | +€5,612 | +40.0% |
| Trade debts | 44 | €5,594 | €4,698 | -€895 | -16.0% |
| Suppliers | 440/4 | €5,594 | €4,698 | -€895 | -16.0% |
| Taxes, remuneration and social security | 45 | €16,039 | €9,807 | -€6,231 | -38.9% |
| Taxes | 450/3 | €14,836 | €3,585 | -€11,250 | -75.8% |
| Remuneration and social security | 454/9 | €1,203 | €6,222 | +€5,019 | +417% |
| Other amounts payable | 47/48 | €41,437 | €63,979 | +€22,542 | +54.4% |
| Accrued charges and deferred income | 492/3 | €4,463 | €6,001 | +€1,538 | +34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,187 | €5,271 | +€83 | +1.6% |
| Other operating charges | 640/8 | - | €561 | +€561 | |
| Gross operating margin | 9900 | €14,846 | €24,283 | +€9,437 | +63.6% |
| Operating profit (loss) | 9901 | €9,659 | €18,451 | +€8,792 | +91.0% |
| Financial income | 75/76B | €8,314 | - | -€8,314 | |
| Recurring financial income | 75 | €8,314 | - | -€8,314 | |
| Financial charges | 65/66B | €5,327 | €5,201 | -€126 | -2.4% |
| Recurring financial charges | 65 | €5,327 | €5,201 | -€126 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €12,646 | €13,250 | +€604 | +4.8% |
| Income taxes | 67/77 | €5,043 | €3,640 | -€1,403 | -27.8% |
| Profit (loss) for the period | 9904 | €7,602 | €9,609 | +€2,007 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,602 | €9,609 | +€2,007 | +26.4% |
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 18 October 2026 via checked.be.