LVMED: 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.
LVMED
Largest movements
- Receivables within one year -€64,495
down €64,495 (-99.4%), from €64,883 to €388
- Deferred charges and accrued income -€10,137
down €10,137 (-24.1%), from €42,118 to €31,980
- Tangible fixed assets +€4,226
up €4,226 (+9.9%), from €42,778 to €47,005
of which Furniture and vehicles: +€4,629
- Profit (loss) carried forward -€110,101
down €110,101 (-67.7%), from €162,625 to €52,524
- Tax, wage and social debts +€24,394
up €24,394 (+183.8%), from €13,271 to €37,665
- Other debts +€13,495
new in 2025: €13,495
- Trade debts +€2,130
up €2,130 (+88.1%), from €2,417 to €4,546
- Gross operating margin +€15,737
up €15,737 (+23.9%), from €65,831 to €81,568
- Taxes +€2,841
up €2,841 (+21.4%), from €13,271 to €16,112
- Financial income -€2,805
down €2,805 (-99.6%), from €2,816 to €10
- Depreciation +€921
up €921 (+9.0%), from €10,245 to €11,167
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 | €181,313 | €111,230 | -€70,083 | -38.7% |
| Fixed assets | 21/28 | €42,778 | €47,005 | +€4,226 | +9.9% |
| Tangible fixed assets | 22/27 | €42,778 | €47,005 | +€4,226 | +9.9% |
| Plant, machinery and equipment | 23 | €515 | - | -€515 | |
| Furniture and vehicles | 24 | €16,806 | €21,435 | +€4,629 | +27.5% |
| Other tangible fixed assets | 26 | €21,884 | €25,570 | +€3,685 | +16.8% |
| Assets under construction and advance payments | 27 | €3,573 | - | -€3,573 | |
| Current assets | 29/58 | €138,535 | €64,226 | -€74,309 | -53.6% |
| Amounts receivable within one year | 40/41 | €64,883 | €388 | -€64,495 | -99.4% |
| Other amounts receivable | 41 | €64,883 | €388 | -€64,495 | -99.4% |
| Cash at bank and in hand | 54/58 | €31,535 | €31,857 | +€323 | +1.0% |
| Deferred charges and accrued income | 490/1 | €42,118 | €31,980 | -€10,137 | -24.1% |
| Total equity and liabilities | 10/49 | €181,313 | €111,230 | -€70,083 | -38.7% |
| Equity | 10/15 | €165,625 | €55,524 | -€110,101 | -66.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,625 | €52,524 | -€110,101 | -67.7% |
| Amounts payable | 17/49 | €15,688 | €55,706 | +€40,018 | +255.1% |
| Amounts payable within one year | 42/48 | €15,688 | €55,706 | +€40,018 | +255.1% |
| Trade debts | 44 | €2,417 | €4,546 | +€2,130 | +88.1% |
| Suppliers | 440/4 | €2,417 | €4,546 | +€2,130 | +88.1% |
| Taxes, remuneration and social security | 45 | €13,271 | €37,665 | +€24,394 | +183.8% |
| Taxes | 450/3 | €13,271 | €37,665 | +€24,394 | +183.8% |
| Other amounts payable | 47/48 | - | €13,495 | +€13,495 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,245 | €11,167 | +€921 | +9.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €65,831 | €81,568 | +€15,737 | +23.9% |
| Operating profit (loss) | 9901 | €55,198 | €70,001 | +€14,803 | +26.8% |
| Financial income | 75/76B | €2,816 | €10 | -€2,805 | -99.6% |
| Recurring financial income | 75 | €2,816 | €10 | -€2,805 | -99.6% |
| Financial charges | 65/66B | €586 | €1,375 | +€790 | +134.8% |
| Recurring financial charges | 65 | €586 | €1,375 | +€790 | +134.8% |
| Profit (loss) for the period before taxes | 9903 | €57,428 | €68,636 | +€11,208 | +19.5% |
| Income taxes | 67/77 | €13,271 | €16,112 | +€2,841 | +21.4% |
| Profit (loss) for the period | 9904 | €44,156 | €52,524 | +€8,368 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,156 | €52,524 | +€8,368 | +18.9% |
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 1 October 2026 via checked.be.