LVM-TECHNICS: 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.
LVM-TECHNICS
Largest movements
- Stocks and contracts -€20,000
no longer reported in 2025 (was €20,000)
- Cash +€4,453
up €4,453 (+11107.9%), from €40 to €4,493
mainly Stocks and contracts (+€20,000) and Trade debts (+€4,626)
- Current investments +€2,176
new in 2025: €2,176
- Financial fixed assets +€1,500
new in 2025: €1,500
- Receivables within one year -€1,431
down €1,431 (-4.0%), from €36,111 to €34,680
of which Trade receivables: -€11,797
- Reserves +€15,811
new in 2025: €15,811
- Profit (loss) carried forward -€15,486
no longer reported in 2025 (was €15,486)
- Advances received -€9,962
down €9,962 (-45.4%), from €21,947 to €11,985
- Other debts -€7,563
no longer reported in 2025 (was €7,563)
- Trade debts +€4,626
up €4,626 (+107.4%), from €4,306 to €8,932
- Gross operating margin +€9,306
up €9,306, from -€4,899 to €4,406
- Taxes +€2,575
new in 2025: €2,575
- Financial income +€519
up €519 (+17904.8%), from €3 to €522
of which Financial income: +€360
- Other operating charges +€343
up €343 (+48.6%), from €706 to €1,049
- Depreciation +€172
up €172 (+28.8%), from €596 to €767
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 | €61,121 | €47,507 | -€13,614 | -22.3% |
| Formation expenses | 20 | €1,333 | €1,171 | -€163 | -12.2% |
| Fixed assets | 21/28 | €2,591 | €3,486 | +€895 | +34.6% |
| Tangible fixed assets | 22/27 | €2,591 | €1,986 | -€605 | -23.3% |
| Plant, machinery and equipment | 23 | €989 | €761 | -€228 | -23.0% |
| Furniture and vehicles | 24 | €1,602 | €1,225 | -€377 | -23.6% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €57,197 | €42,850 | -€14,347 | -25.1% |
| Stocks and contracts in progress | 3 | €20,000 | - | -€20,000 | |
| Stocks | 30/36 | €20,000 | - | -€20,000 | |
| Amounts receivable within one year | 40/41 | €36,111 | €34,680 | -€1,431 | -4.0% |
| Trade receivables | 40 | €26,765 | €14,968 | -€11,797 | -44.1% |
| Other amounts receivable | 41 | €9,346 | €19,712 | +€10,366 | +110.9% |
| Current investments | 50/53 | - | €2,176 | +€2,176 | |
| Cash at bank and in hand | 54/58 | €40 | €4,493 | +€4,453 | +11107.9% |
| Deferred charges and accrued income | 490/1 | €1,045 | €1,501 | +€456 | +43.6% |
| Total equity and liabilities | 10/49 | €61,121 | €47,507 | -€13,614 | -22.3% |
| Equity | 10/15 | €20,486 | €20,811 | +€324 | +1.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €15,811 | +€15,811 | |
| Distributable reserves | 133 | - | €15,811 | +€15,811 | |
| Profit (loss) carried forward | 14 | €15,486 | - | -€15,486 | |
| Amounts payable | 17/49 | €40,634 | €26,696 | -€13,938 | -34.3% |
| Amounts payable within one year | 42/48 | €40,634 | €26,696 | -€13,938 | -34.3% |
| Trade debts | 44 | €4,306 | €8,932 | +€4,626 | +107.4% |
| Suppliers | 440/4 | €4,306 | €8,932 | +€4,626 | +107.4% |
| Advances received on contracts in progress | 46 | €21,947 | €11,985 | -€9,962 | -45.4% |
| Taxes, remuneration and social security | 45 | €6,818 | €5,779 | -€1,040 | -15.3% |
| Taxes | 450/3 | €4,303 | €5,779 | +€1,476 | +34.3% |
| Remuneration and social security | 454/9 | €2,516 | - | -€2,516 | |
| Other amounts payable | 47/48 | €7,563 | - | -€7,563 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €596 | €767 | +€172 | +28.8% |
| Other operating charges | 640/8 | €706 | €1,049 | +€343 | +48.6% |
| Gross operating margin | 9900 | -€4,899 | €4,406 | +€9,306 | |
| Operating profit (loss) | 9901 | -€6,201 | €2,590 | +€8,791 | |
| Financial income | 75/76B | €3 | €522 | +€519 | +17904.8% |
| Recurring financial income | 75 | €3 | €363 | +€360 | +12422.1% |
| Non-recurring financial income | 76B | - | €159 | +€159 | |
| Financial charges | 65/66B | €323 | €212 | -€111 | -34.2% |
| Recurring financial charges | 65 | €323 | €212 | -€111 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,521 | €2,899 | +€9,420 | |
| Income taxes | 67/77 | - | €2,575 | +€2,575 | |
| Profit (loss) for the period | 9904 | -€6,521 | €324 | +€6,846 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,521 | €324 | +€6,846 |
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 2 October 2026 via checked.be.