LVFE: 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.
LVFE
Largest movements
- Tangible fixed assets -€73,127
down €73,127 (-5.2%), from €1.4m to €1.3m
of which Land and buildings: -€70,968
- Debts after one year -€46,702
down €46,702 (-5.3%), from €874,517 to €827,815
- Profit (loss) carried forward -€28,158
down €28,158 (-31.0%), from -€90,894 to -€119,052
- Gross operating margin -€6,111
down €6,111 (-8.4%), from €72,557 to €66,446
- Financial income +€2,843
up €2,843 (+284288.0%), from €1 to €2,844
- Depreciation +€1,561
up €1,561 (+2.1%), from €73,171 to €74,732
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 | €1,415,356 | €1,339,650 | -€75,707 | -5.3% |
| Formation expenses | 20 | €12,842 | €11,237 | -€1,605 | -12.5% |
| Fixed assets | 21/28 | €1,398,952 | €1,325,825 | -€73,127 | -5.2% |
| Tangible fixed assets | 22/27 | €1,398,952 | €1,325,825 | -€73,127 | -5.2% |
| Land and buildings | 22 | €1,384,399 | €1,313,431 | -€70,968 | -5.1% |
| Furniture and vehicles | 24 | €1,170 | €559 | -€611 | -52.2% |
| Other tangible fixed assets | 26 | €13,383 | €11,835 | -€1,548 | -11.6% |
| Current assets | 29/58 | €3,562 | €2,588 | -€975 | -27.4% |
| Cash at bank and in hand | 54/58 | €3,562 | €2,588 | -€975 | -27.4% |
| Total equity and liabilities | 10/49 | €1,415,356 | €1,339,650 | -€75,707 | -5.3% |
| Equity | 10/15 | -€80,894 | -€109,052 | -€28,158 | -34.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,894 | -€119,052 | -€28,158 | -31.0% |
| Amounts payable | 17/49 | €1,496,251 | €1,448,702 | -€47,549 | -3.2% |
| Amounts payable after more than one year | 17 | €874,517 | €827,815 | -€46,702 | -5.3% |
| Financial debts | 170/4 | €874,517 | €827,815 | -€46,702 | -5.3% |
| Amounts payable within one year | 42/48 | €621,734 | €620,887 | -€847 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €50,280 | €48,433 | -€1,847 | -3.7% |
| Other amounts payable | 47/48 | €571,454 | €572,454 | +€1,000 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,171 | €74,732 | +€1,561 | +2.1% |
| Other operating charges | 640/8 | €8,320 | €8,607 | +€287 | +3.4% |
| Gross operating margin | 9900 | €72,557 | €66,446 | -€6,111 | -8.4% |
| Operating profit (loss) | 9901 | -€8,934 | -€16,893 | -€7,959 | -89.1% |
| Financial income | 75/76B | €1 | €2,844 | +€2,843 | +284288.0% |
| Recurring financial income | 75 | €1 | €2,844 | +€2,843 | +284288.0% |
| Financial charges | 65/66B | €13,812 | €14,109 | +€297 | +2.1% |
| Recurring financial charges | 65 | €13,812 | €14,109 | +€297 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,745 | -€28,158 | -€5,413 | -23.8% |
| Profit (loss) for the period | 9904 | -€22,745 | -€28,158 | -€5,413 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,745 | -€28,158 | -€5,413 | -23.8% |
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 7 October 2026 via checked.be.