LVMB: 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.
LVMB
Largest movements
- Tangible fixed assets -€13,569
down €13,569 (-27.4%), from €49,508 to €35,939
of which Land and buildings: -€10,362
- Cash +€4,800
up €4,800 (+17.7%), from €27,184 to €31,985
mainly Depreciation (+€13,569) and Net result for the year (+€6,984)
- Other debts -€15,520
down €15,520 (-43.4%), from €35,761 to €20,241
- Profit (loss) carried forward +€6,984
up €6,984 (+44.7%), from -€15,608 to -€8,624
- Trade debts -€1,196
down €1,196 (-66.5%), from €1,800 to €604
- Gross operating margin +€5,806
up €5,806 (+36.3%), from €15,980 to €21,785
- Depreciation +€1,779
up €1,779 (+15.1%), from €11,790 to €13,569
- Other operating charges -€706
down €706 (-39.2%), from €1,800 to €1,094
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 | €82,453 | €72,861 | -€9,592 | -11.6% |
| Fixed assets | 21/28 | €49,508 | €35,939 | -€13,569 | -27.4% |
| Tangible fixed assets | 22/27 | €49,508 | €35,939 | -€13,569 | -27.4% |
| Land and buildings | 22 | €34,900 | €24,538 | -€10,362 | -29.7% |
| Plant, machinery and equipment | 23 | €14,608 | €11,400 | -€3,207 | -22.0% |
| Current assets | 29/58 | €32,945 | €36,923 | +€3,977 | +12.1% |
| Amounts receivable within one year | 40/41 | €5,761 | €4,938 | -€823 | -14.3% |
| Trade receivables | 40 | €5,645 | €4,812 | -€833 | -14.8% |
| Other amounts receivable | 41 | €116 | €126 | +€10 | +8.6% |
| Cash at bank and in hand | 54/58 | €27,184 | €31,985 | +€4,800 | +17.7% |
| Total equity and liabilities | 10/49 | €82,453 | €72,861 | -€9,592 | -11.6% |
| Equity | 10/15 | €40,592 | €47,576 | +€6,984 | +17.2% |
| Contributions | 10/11 | €56,200 | €56,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,608 | -€8,624 | +€6,984 | +44.7% |
| Amounts payable | 17/49 | €41,861 | €25,285 | -€16,576 | -39.6% |
| Amounts payable within one year | 42/48 | €37,560 | €20,844 | -€16,716 | -44.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,800 | €604 | -€1,196 | -66.5% |
| Suppliers | 440/4 | €1,800 | €604 | -€1,196 | -66.5% |
| Other amounts payable | 47/48 | €35,761 | €20,241 | -€15,520 | -43.4% |
| Accrued charges and deferred income | 492/3 | €4,301 | €4,440 | +€140 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,790 | €13,569 | +€1,779 | +15.1% |
| Other operating charges | 640/8 | €1,800 | €1,094 | -€706 | -39.2% |
| Gross operating margin | 9900 | €15,980 | €21,785 | +€5,806 | +36.3% |
| Operating profit (loss) | 9901 | €2,389 | €7,122 | +€4,733 | +198% |
| Financial charges | 65/66B | €158 | €138 | -€20 | -12.6% |
| Recurring financial charges | 65 | €158 | €138 | -€20 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €2,231 | €6,984 | +€4,753 | +213% |
| Profit (loss) for the period | 9904 | €2,231 | €6,984 | +€4,753 | +213% |
| Profit (loss) for the period to be appropriated | 9905 | €2,231 | €6,984 | +€4,753 | +213% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.