LVL SECURITY: 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 SECURITY
Largest movements
- Receivables within one year +€5,460
up €5,460 (+99.9%), from €5,466 to €10,926
of which Trade receivables: +€6,227
- Deferred charges and accrued income -€4,423
down €4,423 (-37.7%), from €11,737 to €7,314
- Cash -€1,851
down €1,851 (-74.1%), from €2,499 to €648
mainly Trade debts (-€6,678) and Receivables within one year (-€5,460)
- Tangible fixed assets +€1,626
up €1,626 (+113.8%), from €1,429 to €3,055
of which Plant, machinery and equipment: +€2,315
- Stocks and contracts -€1,229
down €1,229 (-11.7%), from €10,457 to €9,229
- Trade debts -€6,678
down €6,678 (-92.9%), from €7,190 to €512
- Reserves +€4,500
up €4,500 (+450.0%), from €1,000 to €5,500
- Debts after one year -€3,000
down €3,000 (-17.5%), from €17,100 to €14,100
- Tax, wage and social debts +€2,557
up €2,557 (+1318.7%), from €194 to €2,751
- Other debts +€1,675
up €1,675 (+2058.2%), from €81 to €1,756
- Turnover +€100,047
new in 2025: €100,047
- Purchases and services +€97,967
new in 2025: €97,967
- Other operating charges -€2,035
down €2,035 (-46.6%), from €4,363 to €2,328
- Taxes +€1,762
up €1,762 (+1234.3%), from €143 to €1,905
- Gross operating margin +€1,262
up €1,262 (+12.1%), from €10,433 to €11,696
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 | €31,913 | €31,197 | -€716 | -2.2% |
| Fixed assets | 21/28 | €1,754 | €3,080 | +€1,326 | +75.6% |
| Intangible fixed assets | 21 | €300 | - | -€300 | |
| Tangible fixed assets | 22/27 | €1,429 | €3,055 | +€1,626 | +113.8% |
| Plant, machinery and equipment | 23 | €389 | €2,704 | +€2,315 | +594.5% |
| Furniture and vehicles | 24 | €1,040 | €351 | -€689 | -66.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €30,159 | €28,116 | -€2,042 | -6.8% |
| Stocks and contracts in progress | 3 | €10,457 | €9,229 | -€1,229 | -11.7% |
| Stocks | 30/36 | €10,457 | €9,229 | -€1,229 | -11.7% |
| Amounts receivable within one year | 40/41 | €5,466 | €10,926 | +€5,460 | +99.9% |
| Trade receivables | 40 | €3,342 | €9,569 | +€6,227 | +186.4% |
| Other amounts receivable | 41 | €2,124 | €1,357 | -€767 | -36.1% |
| Cash at bank and in hand | 54/58 | €2,499 | €648 | -€1,851 | -74.1% |
| Deferred charges and accrued income | 490/1 | €11,737 | €7,314 | -€4,423 | -37.7% |
| Total equity and liabilities | 10/49 | €31,913 | €31,197 | -€716 | -2.2% |
| Equity | 10/15 | €7,348 | €12,077 | +€4,729 | +64.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,000 | €5,500 | +€4,500 | +450.0% |
| Distributable reserves | 133 | €1,000 | €5,500 | +€4,500 | +450.0% |
| Profit (loss) carried forward | 14 | €148 | €377 | +€229 | +155.6% |
| Amounts payable | 17/49 | €24,566 | €19,120 | -€5,446 | -22.2% |
| Amounts payable after more than one year | 17 | €17,100 | €14,100 | -€3,000 | -17.5% |
| Financial debts | 170/4 | €17,100 | €14,100 | -€3,000 | -17.5% |
| Amounts payable within one year | 42/48 | €7,466 | €5,020 | -€2,446 | -32.8% |
| Trade debts | 44 | €7,190 | €512 | -€6,678 | -92.9% |
| Suppliers | 440/4 | €7,190 | €512 | -€6,678 | -92.9% |
| Taxes, remuneration and social security | 45 | €194 | €2,751 | +€2,557 | +1318.7% |
| Taxes | 450/3 | €194 | €2,751 | +€2,557 | +1318.7% |
| Other amounts payable | 47/48 | €81 | €1,756 | +€1,675 | +2058.2% |
| Turnover | 70 | - | €100,047 | +€100,047 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €97,967 | +€97,967 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,469 | €1,447 | -€22 | -1.5% |
| Other operating charges | 640/8 | €4,363 | €2,328 | -€2,035 | -46.6% |
| Gross operating margin | 9900 | €10,433 | €11,696 | +€1,262 | +12.1% |
| Operating profit (loss) | 9901 | €4,601 | €7,921 | +€3,320 | +72.2% |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | €1,716 | €1,308 | -€408 | -23.8% |
| Recurring financial charges | 65 | €1,716 | €1,308 | -€408 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €2,885 | €6,634 | +€3,749 | +129.9% |
| Income taxes | 67/77 | €143 | €1,905 | +€1,762 | +1234.3% |
| Profit (loss) for the period | 9904 | €2,742 | €4,729 | +€1,987 | +72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,742 | €4,729 | +€1,987 | +72.5% |
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 10 October 2026 via checked.be.