LVIZ: 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.
LVIZ
Largest movements
- Tangible fixed assets +€143,881
up €143,881 (+48.4%), from €297,404 to €441,285
of which Land and buildings: +€158,002
- Cash -€10,907
down €10,907 (-87.6%), from €12,453 to €1,546
mainly Investment in fixed assets (net) (-€168,179) and Tax, wage and social debts (-€7,869)
- Other debts +€86,943
up €86,943 (+269%), from €32,280 to €119,223
- Trade debts +€32,944
up €32,944 (+256%), from €12,885 to €45,829
- Debts after one year +€13,473
up €13,473 (+6.6%), from €203,576 to €217,049
- Tax, wage and social debts -€7,869
down €7,869 (-68.2%), from €11,532 to €3,663
- Gross operating margin -€69,723
down €69,723 (-56.4%), from €123,657 to €53,935
- Taxes -€21,782
down €21,782 (-78.3%), from €27,809 to €6,027
- Financial charges +€8,882
up €8,882 (+73.3%), from €12,113 to €20,996
- Other operating charges -€8,791
down €8,791 (-68.2%), from €12,887 to €4,096
- Depreciation +€4,792
up €4,792 (+22.7%), from €21,068 to €25,860
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 | €480,114 | €606,415 | +€126,301 | +26.3% |
| Fixed assets | 21/28 | €429,994 | €572,313 | +€142,319 | +33.1% |
| Tangible fixed assets | 22/27 | €297,404 | €441,285 | +€143,881 | +48.4% |
| Land and buildings | 22 | €246,582 | €404,583 | +€158,002 | +64.1% |
| Furniture and vehicles | 24 | €3,059 | €1,909 | -€1,150 | -37.6% |
| Leasing and similar rights | 25 | €47,474 | €34,503 | -€12,971 | -27.3% |
| Other tangible fixed assets | 26 | €290 | €290 | = | 0.0% |
| Financial fixed assets | 28 | €132,590 | €131,028 | -€1,562 | -1.2% |
| Current assets | 29/58 | €50,120 | €34,102 | -€16,018 | -32.0% |
| Amounts receivable after more than one year | 29 | €18,603 | €18,200 | -€403 | -2.2% |
| Other amounts receivable | 291 | €18,603 | €18,200 | -€403 | -2.2% |
| Amounts receivable within one year | 40/41 | €10,978 | €9,021 | -€1,957 | -17.8% |
| Trade receivables | 40 | €3,870 | €0 | -€3,870 | -100% |
| Other amounts receivable | 41 | €7,108 | €9,021 | +€1,913 | +26.9% |
| Cash at bank and in hand | 54/58 | €12,453 | €1,546 | -€10,907 | -87.6% |
| Deferred charges and accrued income | 490/1 | €8,087 | €5,336 | -€2,751 | -34.0% |
| Total equity and liabilities | 10/49 | €480,114 | €606,415 | +€126,301 | +26.3% |
| Equity | 10/15 | €182,078 | €184,173 | +€2,094 | +1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €151,793 | €153,887 | +€2,094 | +1.4% |
| Distributable reserves | 133 | €151,793 | €153,887 | +€2,094 | +1.4% |
| Profit (loss) carried forward | 14 | €24,085 | €24,085 | = | 0.0% |
| Amounts payable | 17/49 | €298,036 | €422,243 | +€124,207 | +41.7% |
| Amounts payable after more than one year | 17 | €203,576 | €217,049 | +€13,473 | +6.6% |
| Financial debts | 170/4 | €203,576 | €217,049 | +€13,473 | +6.6% |
| Amounts payable within one year | 42/48 | €93,342 | €201,264 | +€107,922 | +116% |
| Current portion of amounts payable after more than one year | 42 | €36,646 | €32,548 | -€4,097 | -11.2% |
| Trade debts | 44 | €12,885 | €45,829 | +€32,944 | +256% |
| Suppliers | 440/4 | €12,885 | €45,829 | +€32,944 | +256% |
| Taxes, remuneration and social security | 45 | €11,532 | €3,663 | -€7,869 | -68.2% |
| Taxes | 450/3 | €11,532 | €3,663 | -€7,869 | -68.2% |
| Other amounts payable | 47/48 | €32,280 | €119,223 | +€86,943 | +269% |
| Accrued charges and deferred income | 492/3 | €1,118 | €3,930 | +€2,812 | +252% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,068 | €25,860 | +€4,792 | +22.7% |
| Other operating charges | 640/8 | €12,887 | €4,096 | -€8,791 | -68.2% |
| Gross operating margin | 9900 | €123,657 | €53,935 | -€69,723 | -56.4% |
| Operating profit (loss) | 9901 | €89,702 | €23,979 | -€65,723 | -73.3% |
| Financial income | 75/76B | €1,113 | €5,138 | +€4,025 | +362% |
| Recurring financial income | 75 | €1,113 | €5,138 | +€4,025 | +362% |
| Financial charges | 65/66B | €12,113 | €20,996 | +€8,882 | +73.3% |
| Recurring financial charges | 65 | €12,113 | €20,996 | +€8,882 | +73.3% |
| Profit (loss) for the period before taxes | 9903 | €78,702 | €8,121 | -€70,581 | -89.7% |
| Income taxes | 67/77 | €27,809 | €6,027 | -€21,782 | -78.3% |
| Profit (loss) for the period | 9904 | €50,893 | €2,094 | -€48,798 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,893 | €2,094 | -€48,798 | -95.9% |
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 13 October 2026 via checked.be.