LVL Business Development: 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.
LVL Business Development
Largest movements
- Cash -€119,220
down €119,220 (-68.8%), from €173,206 to €53,986
mainly Contributions, distributions and other (-€140,000) and Other debts (-€99,327)
- Receivables within one year -€14,497
down €14,497 (-54.3%), from €26,688 to €12,191
of which Other amounts receivable: -€15,725
- Other debts -€99,327
down €99,327 (-99.3%), from €100,000 to €673
- Reserves -€51,146
down €51,146 (-55.7%), from €91,824 to €40,677
- Tax, wage and social debts +€18,561
up €18,561 (+219%), from €8,461 to €27,022
- Depreciation -€10,185
down €10,185 (-100%), from €10,185 to €0
- Gross operating margin +€10,003
up €10,003 (+8.4%), from €119,224 to €129,226
- Taxes +€9,582
up €9,582 (+31.2%), from €30,707 to €40,289
- Other operating charges -€1,481
down €1,481 (-100%), from €1,481 to €0
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 | €201,843 | €69,396 | -€132,447 | -65.6% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €201,843 | €69,396 | -€132,447 | -65.6% |
| Amounts receivable within one year | 40/41 | €26,688 | €12,191 | -€14,497 | -54.3% |
| Trade receivables | 40 | €10,963 | €12,191 | +€1,228 | +11.2% |
| Other amounts receivable | 41 | €15,725 | €0 | -€15,725 | -100% |
| Cash at bank and in hand | 54/58 | €173,206 | €53,986 | -€119,220 | -68.8% |
| Deferred charges and accrued income | 490/1 | €1,950 | €3,219 | +€1,270 | +65.1% |
| Total equity and liabilities | 10/49 | €201,843 | €69,396 | -€132,447 | -65.6% |
| Equity | 10/15 | €92,824 | €41,677 | -€51,146 | -55.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €91,824 | €40,677 | -€51,146 | -55.7% |
| Distributable reserves | 133 | €91,824 | €40,677 | -€51,146 | -55.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €109,020 | €27,719 | -€81,301 | -74.6% |
| Amounts payable within one year | 42/48 | €109,020 | €27,719 | -€81,301 | -74.6% |
| Trade debts | 44 | €559 | €25 | -€534 | -95.6% |
| Suppliers | 440/4 | €559 | €25 | -€534 | -95.6% |
| Taxes, remuneration and social security | 45 | €8,461 | €27,022 | +€18,561 | +219% |
| Taxes | 450/3 | €8,461 | €27,022 | +€18,561 | +219% |
| Other amounts payable | 47/48 | €100,000 | €673 | -€99,327 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,185 | €0 | -€10,185 | -100% |
| Other operating charges | 640/8 | €1,481 | €0 | -€1,481 | -100% |
| Gross operating margin | 9900 | €119,224 | €129,226 | +€10,003 | +8.4% |
| Operating profit (loss) | 9901 | €107,558 | €129,226 | +€21,669 | +20.1% |
| Financial income | 75/76B | €673 | €0 | -€673 | -100% |
| Recurring financial income | 75 | €673 | €0 | -€673 | -100% |
| Financial charges | 65/66B | €84 | €84 | = | 0.0% |
| Recurring financial charges | 65 | €84 | €84 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €108,146 | €129,142 | +€20,996 | +19.4% |
| Income taxes | 67/77 | €30,707 | €40,289 | +€9,582 | +31.2% |
| Profit (loss) for the period | 9904 | €77,440 | €88,854 | +€11,414 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,440 | €88,854 | +€11,414 | +14.7% |
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 15 October 2026 via checked.be.