LVE MANAGEMENT: 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.
LVE MANAGEMENT
Largest movements
- Cash +€59,006
up €59,006 (+148.1%), from €39,840 to €98,846
mainly Net result for the year (+€52,148) and Advances received (+€16,940)
- Receivables within one year +€21,621
up €21,621 (+178.7%), from €12,100 to €33,721
- Profit (loss) carried forward +€52,148
up €52,148 (+250.2%), from €20,838 to €72,986
- Advances received +€16,940
new in 2025: €16,940
- Tax, wage and social debts +€8,867
up €8,867 (+39.2%), from €22,598 to €31,465
- Other debts +€2,615
up €2,615 (+215.4%), from €1,214 to €3,829
- Gross operating margin +€41,080
up €41,080 (+148.4%), from €27,683 to €68,762
- Taxes +€8,755
up €8,755 (+140.9%), from €6,213 to €14,968
- Financial charges +€895
up €895 (+141.8%), from €631 to €1,526
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 | €51,940 | €132,567 | +€80,627 | +155.2% |
| Current assets | 29/58 | €51,940 | €132,567 | +€80,627 | +155.2% |
| Amounts receivable within one year | 40/41 | €12,100 | €33,721 | +€21,621 | +178.7% |
| Trade receivables | 40 | €12,100 | €33,721 | +€21,621 | +178.7% |
| Cash at bank and in hand | 54/58 | €39,840 | €98,846 | +€59,006 | +148.1% |
| Total equity and liabilities | 10/49 | €51,940 | €132,567 | +€80,627 | +155.2% |
| Equity | 10/15 | €25,838 | €77,986 | +€52,148 | +201.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,838 | €72,986 | +€52,148 | +250.2% |
| Amounts payable | 17/49 | €26,101 | €54,581 | +€28,480 | +109.1% |
| Amounts payable within one year | 42/48 | €26,101 | €54,581 | +€28,480 | +109.1% |
| Trade debts | 44 | €2,290 | €2,347 | +€57 | +2.5% |
| Suppliers | 440/4 | €2,290 | €2,347 | +€57 | +2.5% |
| Advances received on contracts in progress | 46 | - | €16,940 | +€16,940 | |
| Taxes, remuneration and social security | 45 | €22,598 | €31,465 | +€8,867 | +39.2% |
| Taxes | 450/3 | €22,598 | €31,465 | +€8,867 | +39.2% |
| Other amounts payable | 47/48 | €1,214 | €3,829 | +€2,615 | +215.4% |
| Other operating charges | 640/8 | - | €121 | +€121 | |
| Gross operating margin | 9900 | €27,683 | €68,762 | +€41,080 | +148.4% |
| Operating profit (loss) | 9901 | €27,683 | €68,641 | +€40,959 | +148.0% |
| Financial charges | 65/66B | €631 | €1,526 | +€895 | +141.8% |
| Recurring financial charges | 65 | €631 | €1,526 | +€895 | +141.8% |
| Profit (loss) for the period before taxes | 9903 | €27,052 | €67,115 | +€40,064 | +148.1% |
| Income taxes | 67/77 | €6,213 | €14,968 | +€8,755 | +140.9% |
| Profit (loss) for the period | 9904 | €20,838 | €52,148 | +€31,309 | +150.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,838 | €52,148 | +€31,309 | +150.2% |
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 6 October 2026 via checked.be.