LVI Projects: 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.
LVI Projects
Largest movements
- Receivables within one year -€403,848
down €403,848 (-13.9%), from €2.9m to €2.5m
- Cash +€99,043
up €99,043 (+287.3%), from €34,474 to €133,516
mainly Receivables within one year (+€403,848)
- Tax, wage and social debts -€298,792
down €298,792 (-99.3%), from €300,769 to €1,977
- Gross operating margin -€1.1m
down €1.1m, from €1.1m to -€3,693
- Taxes -€262,496
down €262,496, from €260,769 to -€1,727
- Financial charges -€64,408
down €64,408 (-99.8%), from €64,512 to €104
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 | €2,938,322 | €2,633,516 | -€304,805 | -10.4% |
| Current assets | 29/58 | €2,938,322 | €2,633,516 | -€304,805 | -10.4% |
| Amounts receivable within one year | 40/41 | €2,903,848 | €2,500,000 | -€403,848 | -13.9% |
| Other amounts receivable | 41 | €2,903,848 | €2,500,000 | -€403,848 | -13.9% |
| Cash at bank and in hand | 54/58 | €34,474 | €133,516 | +€99,043 | +287.3% |
| Total equity and liabilities | 10/49 | €2,938,322 | €2,633,516 | -€304,805 | -10.4% |
| Equity | 10/15 | €1,492,995 | €1,490,781 | -€2,214 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,472,535 | €1,470,321 | -€2,214 | -0.2% |
| Amounts payable | 17/49 | €1,445,327 | €1,142,736 | -€302,591 | -20.9% |
| Amounts payable within one year | 42/48 | €1,445,327 | €1,142,736 | -€302,591 | -20.9% |
| Trade debts | 44 | €4,281 | €482 | -€3,799 | -88.7% |
| Suppliers | 440/4 | €4,281 | €482 | -€3,799 | -88.7% |
| Taxes, remuneration and social security | 45 | €300,769 | €1,977 | -€298,792 | -99.3% |
| Taxes | 450/3 | €300,769 | €1,977 | -€298,792 | -99.3% |
| Other amounts payable | 47/48 | €1,140,277 | €1,140,277 | = | 0.0% |
| Other operating charges | 640/8 | €4,123 | €144 | -€3,979 | -96.5% |
| Gross operating margin | 9900 | €1,141,978 | -€3,693 | -€1.1m | |
| Operating profit (loss) | 9901 | €1,137,855 | -€3,837 | -€1.1m | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €64,512 | €104 | -€64,408 | -99.8% |
| Recurring financial charges | 65 | €64,512 | €104 | -€64,408 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | €1,073,343 | -€3,941 | -€1.1m | |
| Income taxes | 67/77 | €260,769 | -€1,727 | -€262,496 | |
| Profit (loss) for the period | 9904 | €812,574 | -€2,214 | -€814,788 | |
| Profit (loss) for the period to be appropriated | 9905 | €812,574 | -€2,214 | -€814,788 |
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 3 October 2026 via checked.be.