LVDS MANAGEMENT CO: 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.
LVDS MANAGEMENT CO
Largest movements
- Receivables within one year +€47,853
up €47,853 (+399%), from €11,983 to €59,836
of which Trade receivables: +€40,505
- Cash -€22,353
down €22,353 (-40.7%), from €54,977 to €32,624
mainly Receivables within one year (-€47,853) and Other debts (-€14,879)
- Tangible fixed assets +€9,483
new in 2025: €9,483
- Reserves +€61,886
up €61,886 (+979%), from €6,321 to €68,207
of which Distributable reserves: +€61,886
- Other debts -€14,879
down €14,879 (-77.4%), from €19,214 to €4,335
- Tax, wage and social debts -€10,289
down €10,289 (-53.9%), from €19,103 to €8,814
- Trade debts -€1,735
down €1,735 (-78.1%), from €2,222 to €487
- Gross operating margin -€55,413
down €55,413 (-40.8%), from €135,929 to €80,516
- Taxes -€12,578
down €12,578 (-43.2%), from €29,123 to €16,546
- Financial charges -€1,619
down €1,619 (-63.9%), from €2,534 to €914
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 | €66,960 | €101,942 | +€34,983 | +52.2% |
| Fixed assets | 21/28 | - | €9,483 | +€9,483 | |
| Tangible fixed assets | 22/27 | - | €9,483 | +€9,483 | |
| Furniture and vehicles | 24 | - | €9,483 | +€9,483 | |
| Current assets | 29/58 | €66,960 | €92,460 | +€25,500 | +38.1% |
| Amounts receivable within one year | 40/41 | €11,983 | €59,836 | +€47,853 | +399% |
| Trade receivables | 40 | €0 | €40,505 | +€40,505 | |
| Other amounts receivable | 41 | €11,983 | €19,331 | +€7,348 | +61.3% |
| Cash at bank and in hand | 54/58 | €54,977 | €32,624 | -€22,353 | -40.7% |
| Total equity and liabilities | 10/49 | €66,960 | €101,942 | +€34,983 | +52.2% |
| Equity | 10/15 | €24,921 | €86,807 | +€61,886 | +248% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,321 | €68,207 | +€61,886 | +979% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,461 | €66,347 | +€61,886 | +1,387% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,039 | €15,135 | -€26,904 | -64.0% |
| Amounts payable within one year | 42/48 | €40,539 | €13,635 | -€26,904 | -66.4% |
| Trade debts | 44 | €2,222 | €487 | -€1,735 | -78.1% |
| Suppliers | 440/4 | €2,222 | €487 | -€1,735 | -78.1% |
| Taxes, remuneration and social security | 45 | €19,103 | €8,814 | -€10,289 | -53.9% |
| Taxes | 450/3 | €19,103 | €8,814 | -€10,289 | -53.9% |
| Other amounts payable | 47/48 | €19,214 | €4,335 | -€14,879 | -77.4% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €258 | +€258 | |
| Other operating charges | 640/8 | €129 | €912 | +€783 | +608% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €135,929 | €80,516 | -€55,413 | -40.8% |
| Operating profit (loss) | 9901 | €135,800 | €79,346 | -€56,454 | -41.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,534 | €914 | -€1,619 | -63.9% |
| Recurring financial charges | 65 | €2,534 | €914 | -€1,619 | -63.9% |
| Profit (loss) for the period before taxes | 9903 | €133,266 | €78,432 | -€54,834 | -41.1% |
| Income taxes | 67/77 | €29,123 | €16,546 | -€12,578 | -43.2% |
| Profit (loss) for the period | 9904 | €104,143 | €61,886 | -€42,257 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €104,143 | €61,886 | -€42,257 | -40.6% |
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 21 October 2026 via checked.be.