LVLR: 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.
LVLR
Largest movements
- Tangible fixed assets -€6,313
down €6,313 (-7.5%), from €84,142 to €77,828
of which Furniture and vehicles: -€4,768
- Receivables within one year -€3,904
down €3,904 (-15.3%), from €25,544 to €21,640
of which Other amounts receivable: -€4,101
- Receivables after one year -€1,630
no longer reported in 2025 (was €1,630)
- Debts after one year -€8,933
down €8,933 (-18.1%), from €49,298 to €40,365
- Trade debts +€5,375
up €5,375 (+199.3%), from €2,696 to €8,071
- Reserves -€4,493
down €4,493 (-8.9%), from €50,374 to €45,881
- Tax, wage and social debts -€3,486
down €3,486 (-84.6%), from €4,120 to €634
of which Taxes: -€2,846
- Gross operating margin -€9,946
down €9,946 (-41.4%), from €24,023 to €14,078
- Depreciation -€3,454
down €3,454 (-28.1%), from €12,298 to €8,843
- Taxes -€2,277
down €2,277 (-65.4%), from €3,480 to €1,203
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 | €129,155 | €117,200 | -€11,955 | -9.3% |
| Fixed assets | 21/28 | €84,142 | €77,828 | -€6,313 | -7.5% |
| Tangible fixed assets | 22/27 | €84,142 | €77,828 | -€6,313 | -7.5% |
| Land and buildings | 22 | €76,755 | €73,990 | -€2,765 | -3.6% |
| Plant, machinery and equipment | 23 | €233 | €1,453 | +€1,221 | +524.2% |
| Furniture and vehicles | 24 | €7,154 | €2,385 | -€4,768 | -66.7% |
| Current assets | 29/58 | €45,013 | €39,372 | -€5,642 | -12.5% |
| Amounts receivable after more than one year | 29 | €1,630 | - | -€1,630 | |
| Other amounts receivable | 291 | €1,630 | - | -€1,630 | |
| Amounts receivable within one year | 40/41 | €25,544 | €21,640 | -€3,904 | -15.3% |
| Trade receivables | 40 | - | €197 | +€197 | |
| Other amounts receivable | 41 | €25,544 | €21,444 | -€4,101 | -16.1% |
| Cash at bank and in hand | 54/58 | €14,660 | €14,472 | -€188 | -1.3% |
| Deferred charges and accrued income | 490/1 | €3,180 | €3,260 | +€80 | +2.5% |
| Total equity and liabilities | 10/49 | €129,155 | €117,200 | -€11,955 | -9.3% |
| Equity | 10/15 | €62,774 | €58,281 | -€4,493 | -7.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,374 | €45,881 | -€4,493 | -8.9% |
| Distributable reserves | 133 | €50,374 | €45,881 | -€4,493 | -8.9% |
| Amounts payable | 17/49 | €66,381 | €58,919 | -€7,462 | -11.2% |
| Amounts payable after more than one year | 17 | €49,298 | €40,365 | -€8,933 | -18.1% |
| Financial debts | 170/4 | €49,298 | €40,365 | -€8,933 | -18.1% |
| Amounts payable within one year | 42/48 | €16,267 | €17,738 | +€1,471 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €9,350 | €8,933 | -€417 | -4.5% |
| Trade debts | 44 | €2,696 | €8,071 | +€5,375 | +199.3% |
| Suppliers | 440/4 | €2,696 | €8,071 | +€5,375 | +199.3% |
| Taxes, remuneration and social security | 45 | €4,120 | €634 | -€3,486 | -84.6% |
| Taxes | 450/3 | €3,480 | €634 | -€2,846 | -81.8% |
| Remuneration and social security | 454/9 | €640 | - | -€640 | |
| Other amounts payable | 47/48 | €100 | €100 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €817 | €816 | -€1 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,298 | €8,843 | -€3,454 | -28.1% |
| Other operating charges | 640/8 | €278 | €296 | +€18 | +6.4% |
| Non-recurring operating charges | 66A | - | €1,176 | +€1,176 | |
| Gross operating margin | 9900 | €24,023 | €14,078 | -€9,946 | -41.4% |
| Operating profit (loss) | 9901 | €11,448 | €3,763 | -€7,685 | -67.1% |
| Financial income | 75/76B | €1,541 | €1,464 | -€77 | -5.0% |
| Recurring financial income | 75 | €1,541 | €1,464 | -€77 | -5.0% |
| Financial charges | 65/66B | €2,187 | €1,952 | -€235 | -10.7% |
| Recurring financial charges | 65 | €2,175 | €1,952 | -€223 | -10.3% |
| Non-recurring financial charges | 66B | €12 | - | -€12 | |
| Profit (loss) for the period before taxes | 9903 | €10,803 | €3,275 | -€7,527 | -69.7% |
| Income taxes | 67/77 | €3,480 | €1,203 | -€2,277 | -65.4% |
| Profit (loss) for the period | 9904 | €7,322 | €2,072 | -€5,250 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,322 | €2,072 | -€5,250 | -71.7% |
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 10 October 2026 via checked.be.