LVM8: 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.
LVM8
Largest movements
- Cash +€152,611
up €152,611 (+2835.3%), from €5,383 to €157,994
mainly Other debts (+€95,700) and Net result for the year (+€35,691)
- Receivables within one year +€21,750
up €21,750 (+74.4%), from €29,250 to €51,000
- Other debts +€95,700
new in 2026: €95,700
- Profit (loss) carried forward +€33,907
up €33,907 (+201.2%), from €16,848 to €50,755
- Debts after one year +€33,854
up €33,854 (+10.7%), from €317,624 to €351,478
of which Other amounts payable: +€81,704
- Accrued charges and deferred income +€7,834
up €7,834 (+165.4%), from €4,737 to €12,571
- Gross operating margin +€4,672
up €4,672 (+72.2%), from -€6,470 to -€1,798
- Financial charges +€780
up €780 (+3.8%), from €20,284 to €21,064
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €487,892 | €661,206 | +€173,314 | +35.5% |
| Formation expenses | 20 | €3,260 | €2,213 | -€1,047 | -32.1% |
| Fixed assets | 21/28 | €450,000 | €450,000 | = | 0.0% |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €34,633 | €208,994 | +€174,361 | +503.5% |
| Amounts receivable within one year | 40/41 | €29,250 | €51,000 | +€21,750 | +74.4% |
| Other amounts receivable | 41 | €29,250 | €51,000 | +€21,750 | +74.4% |
| Cash at bank and in hand | 54/58 | €5,383 | €157,994 | +€152,611 | +2835.3% |
| Total equity and liabilities | 10/49 | €487,892 | €661,206 | +€173,314 | +35.5% |
| Equity | 10/15 | €117,735 | €153,426 | +€35,691 | +30.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €887 | €2,671 | +€1,785 | +201.2% |
| Non-distributable reserves | 130/1 | €887 | €2,671 | +€1,785 | +201.2% |
| Legal reserve | 130 | €887 | €2,671 | +€1,785 | +201.2% |
| Profit (loss) carried forward | 14 | €16,848 | €50,755 | +€33,907 | +201.2% |
| Amounts payable | 17/49 | €370,157 | €507,780 | +€137,623 | +37.2% |
| Amounts payable after more than one year | 17 | €317,624 | €351,478 | +€33,854 | +10.7% |
| Financial debts | 170/4 | €249,736 | €201,886 | -€47,850 | -19.2% |
| Other amounts payable | 178/9 | €67,888 | €149,592 | +€81,704 | +120.4% |
| Amounts payable within one year | 42/48 | €47,796 | €143,731 | +€95,935 | +200.7% |
| Current portion of amounts payable after more than one year | 42 | €45,985 | €48,031 | +€2,046 | +4.4% |
| Trade debts | 44 | €1,811 | €0 | -€1,811 | -100.0% |
| Suppliers | 440/4 | €1,811 | €0 | -€1,811 | -100.0% |
| Other amounts payable | 47/48 | - | €95,700 | +€95,700 | |
| Accrued charges and deferred income | 492/3 | €4,737 | €12,571 | +€7,834 | +165.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,047 | €1,047 | = | 0.0% |
| Other operating charges | 640/8 | €413 | €400 | -€13 | -3.1% |
| Gross operating margin | 9900 | -€6,470 | -€1,798 | +€4,672 | +72.2% |
| Operating profit (loss) | 9901 | -€7,930 | -€3,244 | +€4,685 | +59.1% |
| Financial income | 75/76B | €60,000 | €60,000 | = | 0.0% |
| Recurring financial income | 75 | €60,000 | €60,000 | = | 0.0% |
| Financial charges | 65/66B | €20,284 | €21,064 | +€780 | +3.8% |
| Recurring financial charges | 65 | €20,284 | €21,064 | +€780 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €31,786 | €35,691 | +€3,905 | +12.3% |
| Profit (loss) for the period | 9904 | €31,786 | €35,691 | +€3,905 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,786 | €35,691 | +€3,905 | +12.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.