LVE Trading: 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.
LVE Trading
Largest movements
- Cash +€69,791
up €69,791 (+431%), from €16,175 to €85,967
mainly Other debts (+€122,472) and Net result for the year (+€99,972)
- Deferred charges and accrued income +€43,786
up €43,786 (+5,926%), from €739 to €44,525
- Receivables within one year -€4,199
down €4,199 (-22.4%), from €18,778 to €14,579
of which Trade receivables: -€9,667
- Other debts +€122,472
up €122,472 (+7,387%), from €1,658 to €124,130
- Profit (loss) carried forward -€16,789
no longer reported in 2025 (was €16,789)
- Trade debts +€3,804
up €3,804 (+600%), from €634 to €4,438
- Gross operating margin +€115,338
up €115,338 (+481%), from €23,994 to €139,332
- Taxes +€31,052
up €31,052 (+811%), from €3,830 to €34,882
- Other operating charges +€1,790
up €1,790 (+167%), from €1,071 to €2,861
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 | €39,580 | €147,757 | +€108,176 | +273% |
| Fixed assets | 21/28 | €3,888 | €2,686 | -€1,202 | -30.9% |
| Tangible fixed assets | 22/27 | €2,788 | €1,586 | -€1,202 | -43.1% |
| Plant, machinery and equipment | 23 | €1,670 | €1,164 | -€506 | -30.3% |
| Furniture and vehicles | 24 | €1,118 | €422 | -€696 | -62.3% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €35,692 | €145,070 | +€109,378 | +306% |
| Amounts receivable within one year | 40/41 | €18,778 | €14,579 | -€4,199 | -22.4% |
| Trade receivables | 40 | €9,667 | - | -€9,667 | |
| Other amounts receivable | 41 | €9,111 | €14,579 | +€5,468 | +60.0% |
| Cash at bank and in hand | 54/58 | €16,175 | €85,967 | +€69,791 | +431% |
| Deferred charges and accrued income | 490/1 | €739 | €44,525 | +€43,786 | +5,926% |
| Total equity and liabilities | 10/49 | €39,580 | €147,757 | +€108,176 | +273% |
| Equity | 10/15 | €35,530 | €18,600 | -€16,930 | -47.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141 | - | -€141 | |
| Distributable reserves | 133 | €141 | - | -€141 | |
| Profit (loss) carried forward | 14 | €16,789 | - | -€16,789 | |
| Amounts payable | 17/49 | €4,050 | €129,157 | +€125,106 | +3,089% |
| Amounts payable within one year | 42/48 | €2,519 | €128,859 | +€126,340 | +5,016% |
| Financial debts | 43 | €226 | €291 | +€65 | +28.7% |
| Credit institutions | 430/8 | €226 | €291 | +€65 | +28.7% |
| Trade debts | 44 | €634 | €4,438 | +€3,804 | +600% |
| Suppliers | 440/4 | €634 | €4,438 | +€3,804 | +600% |
| Other amounts payable | 47/48 | €1,658 | €124,130 | +€122,472 | +7,387% |
| Accrued charges and deferred income | 492/3 | €1,532 | €298 | -€1,234 | -80.6% |
| Non-recurring operating income | 76A | - | €8,477 | +€8,477 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,080 | €1,202 | -€878 | -42.2% |
| Other operating charges | 640/8 | €1,071 | €2,861 | +€1,790 | +167% |
| Non-recurring operating charges | 66A | €154 | - | -€154 | |
| Gross operating margin | 9900 | €23,994 | €139,332 | +€115,338 | +481% |
| Operating profit (loss) | 9901 | €20,688 | €135,270 | +€114,581 | +554% |
| Financial income | 75/76B | €79 | - | -€79 | |
| Recurring financial income | 75 | €79 | - | -€79 | |
| Financial charges | 65/66B | €149 | €415 | +€267 | +180% |
| Recurring financial charges | 65 | €149 | €415 | +€267 | +180% |
| Profit (loss) for the period before taxes | 9903 | €20,618 | €134,854 | +€114,236 | +554% |
| Income taxes | 67/77 | €3,830 | €34,882 | +€31,052 | +811% |
| Profit (loss) for the period | 9904 | €16,789 | €99,972 | +€83,183 | +495% |
| Profit (loss) for the period to be appropriated | 9905 | €16,789 | €99,972 | +€83,183 | +495% |
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 16 October 2026 via checked.be.