LVHK: 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.
LVHK
Largest movements
- Cash +€58,087
up €58,087 (+554.0%), from €10,484 to €68,571
mainly Net result for the year (+€69,637) and Depreciation (+€5,607)
- Tangible fixed assets -€5,607
down €5,607 (-17.7%), from €31,702 to €26,095
of which Furniture and vehicles: -€3,509
- Receivables within one year +€4,615
up €4,615 (+13.7%), from €33,762 to €38,377
of which Other amounts receivable: +€2,624
- Profit (loss) carried forward +€69,637
up €69,637 (+93.8%), from €74,222 to €143,859
- Tax, wage and social debts -€6,870
down €6,870 (-26.0%), from €26,384 to €19,513
of which Taxes: -€6,835
- Trade debts -€3,523
down €3,523 (-74.6%), from €4,724 to €1,201
- Current portion of long-term debt -€3,190
down €3,190 (-82.9%), from €3,848 to €658
- Gross operating margin +€63,095
up €63,095 (+204.9%), from €30,798 to €93,892
- Taxes +€13,343
up €13,343 (+216.3%), from €6,170 to €19,513
- Depreciation -€4,644
down €4,644 (-45.3%), from €10,251 to €5,607
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 | €112,836 | €169,023 | +€56,187 | +49.8% |
| Fixed assets | 21/28 | €31,702 | €26,095 | -€5,607 | -17.7% |
| Tangible fixed assets | 22/27 | €31,702 | €26,095 | -€5,607 | -17.7% |
| Furniture and vehicles | 24 | €14,156 | €10,647 | -€3,509 | -24.8% |
| Other tangible fixed assets | 26 | €17,545 | €15,448 | -€2,097 | -12.0% |
| Current assets | 29/58 | €81,134 | €142,928 | +€61,794 | +76.2% |
| Amounts receivable within one year | 40/41 | €33,762 | €38,377 | +€4,615 | +13.7% |
| Trade receivables | 40 | €6,769 | €8,760 | +€1,991 | +29.4% |
| Other amounts receivable | 41 | €26,993 | €29,618 | +€2,624 | +9.7% |
| Cash at bank and in hand | 54/58 | €10,484 | €68,571 | +€58,087 | +554.0% |
| Deferred charges and accrued income | 490/1 | €36,888 | €35,979 | -€908 | -2.5% |
| Total equity and liabilities | 10/49 | €112,836 | €169,023 | +€56,187 | +49.8% |
| Equity | 10/15 | €77,222 | €146,859 | +€69,637 | +90.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,222 | €143,859 | +€69,637 | +93.8% |
| Amounts payable | 17/49 | €35,614 | €22,164 | -€13,450 | -37.8% |
| Amounts payable after more than one year | 17 | €658 | €0 | -€658 | -100.0% |
| Financial debts | 170/4 | €658 | €0 | -€658 | -100.0% |
| Amounts payable within one year | 42/48 | €34,956 | €21,372 | -€13,583 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €3,848 | €658 | -€3,190 | -82.9% |
| Trade debts | 44 | €4,724 | €1,201 | -€3,523 | -74.6% |
| Suppliers | 440/4 | €4,724 | €1,201 | -€3,523 | -74.6% |
| Taxes, remuneration and social security | 45 | €26,384 | €19,513 | -€6,870 | -26.0% |
| Taxes | 450/3 | €26,348 | €19,513 | -€6,835 | -25.9% |
| Remuneration and social security | 454/9 | €35 | €0 | -€35 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €792 | +€792 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,251 | €5,607 | -€4,644 | -45.3% |
| Other operating charges | 640/8 | €285 | €515 | +€230 | +80.5% |
| Gross operating margin | 9900 | €30,798 | €93,892 | +€63,095 | +204.9% |
| Operating profit (loss) | 9901 | €20,262 | €87,771 | +€67,509 | +333.2% |
| Financial income | 75/76B | €854 | €1,577 | +€723 | +84.6% |
| Recurring financial income | 75 | €854 | €1,577 | +€723 | +84.6% |
| Financial charges | 65/66B | €340 | €197 | -€142 | -41.9% |
| Recurring financial charges | 65 | €340 | €197 | -€142 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €20,776 | €89,150 | +€68,374 | +329.1% |
| Income taxes | 67/77 | €6,170 | €19,513 | +€13,343 | +216.3% |
| Profit (loss) for the period | 9904 | €14,606 | €69,637 | +€55,030 | +376.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,606 | €69,637 | +€55,030 | +376.8% |
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 6 October 2026 via checked.be.