LVHX: 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.
LVHX
Largest movements
- Cash -€9,531
down €9,531 (-3.6%), from €266,711 to €257,180
mainly Net result for the year (-€7,894) and Other debts (-€1,556)
- Profit (loss) carried forward -€7,894
down €7,894 (-3.0%), from €266,595 to €258,701
- Gross operating margin +€6,235
up €6,235 (+45.0%), from -€13,865 to -€7,629
- Financial income +€1,358
up €1,358 (+173.8%), from €781 to €2,140
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 | €279,703 | €270,717 | -€8,986 | -3.2% |
| Fixed assets | 21/28 | €6,677 | €6,461 | -€217 | -3.2% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €6,677 | €6,461 | -€217 | -3.2% |
| Land and buildings | 22 | €6,197 | €6,197 | = | 0.0% |
| Plant, machinery and equipment | 23 | €480 | €263 | -€217 | -45.1% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €273,026 | €264,256 | -€8,769 | -3.2% |
| Amounts receivable within one year | 40/41 | €6,314 | €7,028 | +€714 | +11.3% |
| Trade receivables | 40 | €4,228 | €3,831 | -€397 | -9.4% |
| Other amounts receivable | 41 | €2,086 | €3,197 | +€1,111 | +53.2% |
| Cash at bank and in hand | 54/58 | €266,711 | €257,180 | -€9,531 | -3.6% |
| Deferred charges and accrued income | 490/1 | - | €48 | +€48 | |
| Total equity and liabilities | 10/49 | €279,703 | €270,717 | -€8,986 | -3.2% |
| Equity | 10/15 | €274,653 | €266,759 | -€7,894 | -2.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €266,595 | €258,701 | -€7,894 | -3.0% |
| Amounts payable | 17/49 | €5,050 | €3,958 | -€1,092 | -21.6% |
| Amounts payable within one year | 42/48 | €5,050 | €3,958 | -€1,092 | -21.6% |
| Trade debts | 44 | €1,978 | €2,442 | +€464 | +23.5% |
| Suppliers | 440/4 | €1,978 | €2,442 | +€464 | +23.5% |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Other amounts payable | 47/48 | €3,072 | €1,516 | -€1,556 | -50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €314 | €217 | -€97 | -31.0% |
| Other operating charges | 640/8 | €2,165 | €2,146 | -€19 | -0.9% |
| Gross operating margin | 9900 | -€13,865 | -€7,629 | +€6,235 | +45.0% |
| Operating profit (loss) | 9901 | -€16,343 | -€9,991 | +€6,352 | +38.9% |
| Financial income | 75/76B | €781 | €2,140 | +€1,358 | +173.8% |
| Recurring financial income | 75 | €781 | €2,140 | +€1,358 | +173.8% |
| Financial charges | 65/66B | €50 | €43 | -€7 | -14.4% |
| Recurring financial charges | 65 | €50 | €43 | -€7 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,611 | -€7,894 | +€7,717 | +49.4% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€15,611 | -€7,894 | +€7,717 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,611 | -€7,894 | +€7,717 | +49.4% |
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 2 October 2026 via checked.be.