LVH mgmt: 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 mgmt
Largest movements
- Cash -€6,506
down €6,506 (-24.5%), from €26,506 to €19,999
mainly Contributions, distributions and other (-€11,511) and Investment in fixed assets (net) (-€3,505)
- Receivables within one year +€3,444
up €3,444 (+150%), from €2,294 to €5,739
of which Trade receivables: +€2,768
- Tangible fixed assets +€1,200
up €1,200 (+12.9%), from €9,271 to €10,472
of which Furniture and vehicles: +€1,624
- Profit (loss) carried forward -€12,892
no longer reported in 2025 (was €12,892)
- Other debts +€11,426
up €11,426 (+73.3%), from €15,584 to €27,010
- Tax, wage and social debts -€2,367
down €2,367 (-47.7%), from €4,961 to €2,594
- Trade debts +€1,897
up €1,897 (+655%), from €290 to €2,187
- Gross operating margin -€3,792
down €3,792 (-47.0%), from €8,075 to €4,283
- Other operating charges +€748
up €748 (+335%), from €223 to €971
- Taxes -€517
down €517 (-28.4%), from €1,817 to €1,300
- Depreciation -€431
down €431 (-15.7%), from €2,736 to €2,305
- Financial charges +€314
up €314 (+40.7%), from €773 to €1,088
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 | €38,726 | €36,791 | -€1,935 | -5.0% |
| Fixed assets | 21/28 | €9,271 | €10,472 | +€1,200 | +12.9% |
| Tangible fixed assets | 22/27 | €9,271 | €10,472 | +€1,200 | +12.9% |
| Furniture and vehicles | 24 | €5,093 | €6,717 | +€1,624 | +31.9% |
| Other tangible fixed assets | 26 | €4,178 | €3,754 | -€424 | -10.1% |
| Current assets | 29/58 | €29,455 | €26,319 | -€3,136 | -10.6% |
| Amounts receivable within one year | 40/41 | €2,294 | €5,739 | +€3,444 | +150% |
| Trade receivables | 40 | €271 | €3,039 | +€2,768 | +1,020% |
| Other amounts receivable | 41 | €2,023 | €2,700 | +€677 | +33.4% |
| Cash at bank and in hand | 54/58 | €26,506 | €19,999 | -€6,506 | -24.5% |
| Deferred charges and accrued income | 490/1 | €655 | €581 | -€74 | -11.2% |
| Total equity and liabilities | 10/49 | €38,726 | €36,791 | -€1,935 | -5.0% |
| Equity | 10/15 | €17,892 | €5,000 | -€12,892 | -72.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,892 | - | -€12,892 | |
| Amounts payable | 17/49 | €20,835 | €31,791 | +€10,956 | +52.6% |
| Amounts payable within one year | 42/48 | €20,835 | €31,791 | +€10,956 | +52.6% |
| Trade debts | 44 | €290 | €2,187 | +€1,897 | +655% |
| Suppliers | 440/4 | €290 | €2,187 | +€1,897 | +655% |
| Taxes, remuneration and social security | 45 | €4,961 | €2,594 | -€2,367 | -47.7% |
| Taxes | 450/3 | €4,961 | €2,594 | -€2,367 | -47.7% |
| Other amounts payable | 47/48 | €15,584 | €27,010 | +€11,426 | +73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,736 | €2,305 | -€431 | -15.7% |
| Other operating charges | 640/8 | €223 | €971 | +€748 | +335% |
| Gross operating margin | 9900 | €8,075 | €4,283 | -€3,792 | -47.0% |
| Operating profit (loss) | 9901 | €5,116 | €1,007 | -€4,109 | -80.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €773 | €1,088 | +€314 | +40.7% |
| Recurring financial charges | 65 | €773 | €1,088 | +€314 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €4,342 | -€80 | -€4,423 | |
| Income taxes | 67/77 | €1,817 | €1,300 | -€517 | -28.4% |
| Profit (loss) for the period | 9904 | €2,525 | -€1,381 | -€3,906 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,525 | -€1,381 | -€3,906 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.