LVH CONSULT: 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.
LVH CONSULT
Largest movements
- Cash +€27,428
up €27,428 (+15.3%), from €179,160 to €206,588
mainly Net result for the year (+€55,360) and Trade debts (+€2,492)
- Reserves +€55,360
up €55,360 (+42.7%), from €129,735 to €185,095
- Tax, wage and social debts -€31,103
down €31,103 (-62.8%), from €49,489 to €18,386
of which Taxes: -€28,703
- Trade debts +€2,492
new in 2025: €2,492
- Gross operating margin -€17,852
down €17,852 (-19.9%), from €89,656 to €71,805
- Taxes -€3,707
down €3,707 (-20.5%), from €18,110 to €14,404
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 | €185,508 | €212,257 | +€26,749 | +14.4% |
| Fixed assets | 21/28 | €6,347 | €5,669 | -€678 | -10.7% |
| Tangible fixed assets | 22/27 | €6,347 | €5,669 | -€678 | -10.7% |
| Plant, machinery and equipment | 23 | €5,853 | €5,325 | -€528 | -9.0% |
| Furniture and vehicles | 24 | €494 | €344 | -€150 | -30.3% |
| Current assets | 29/58 | €179,160 | €206,588 | +€27,428 | +15.3% |
| Cash at bank and in hand | 54/58 | €179,160 | €206,588 | +€27,428 | +15.3% |
| Total equity and liabilities | 10/49 | €185,508 | €212,257 | +€26,749 | +14.4% |
| Equity | 10/15 | €134,735 | €190,095 | +€55,360 | +41.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €129,735 | €185,095 | +€55,360 | +42.7% |
| Distributable reserves | 133 | €129,735 | €185,095 | +€55,360 | +42.7% |
| Amounts payable | 17/49 | €50,773 | €22,162 | -€28,611 | -56.4% |
| Amounts payable within one year | 42/48 | €50,773 | €22,162 | -€28,611 | -56.4% |
| Trade debts | 44 | - | €2,492 | +€2,492 | |
| Suppliers | 440/4 | - | €2,492 | +€2,492 | |
| Taxes, remuneration and social security | 45 | €49,489 | €18,386 | -€31,103 | -62.8% |
| Taxes | 450/3 | €46,231 | €17,528 | -€28,703 | -62.1% |
| Remuneration and social security | 454/9 | €3,258 | €858 | -€2,400 | -73.7% |
| Other amounts payable | 47/48 | €1,284 | €1,284 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €633 | €678 | +€45 | +7.1% |
| Other operating charges | 640/8 | €291 | €1,085 | +€795 | +274% |
| Gross operating margin | 9900 | €89,656 | €71,805 | -€17,852 | -19.9% |
| Operating profit (loss) | 9901 | €88,733 | €70,041 | -€18,691 | -21.1% |
| Financial charges | 65/66B | €42 | €278 | +€235 | +554% |
| Recurring financial charges | 65 | €42 | €278 | +€235 | +554% |
| Profit (loss) for the period before taxes | 9903 | €88,690 | €69,764 | -€18,927 | -21.3% |
| Income taxes | 67/77 | €18,110 | €14,404 | -€3,707 | -20.5% |
| Profit (loss) for the period | 9904 | €70,580 | €55,360 | -€15,220 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,580 | €55,360 | -€15,220 | -21.6% |
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 25 October 2026 via checked.be.