LVMK: 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.
LVMK
Largest movements
- Cash -€29,093
down €29,093 (-96.8%), from €30,065 to €972
mainly Net result for the year (-€73,749) and Investment in fixed assets (net) (-€7,224)
- Receivables within one year -€8,619
down €8,619 (-43.2%), from €19,943 to €11,324
of which Other amounts receivable: -€9,613
- Tangible fixed assets +€6,983
new in 2025: €6,983
- Profit (loss) carried forward -€73,749
down €73,749 (-110.0%), from -€67,068 to -€140,817
- Other debts +€43,003
up €43,003 (+145.8%), from €29,492 to €72,495
- Gross operating margin -€71,188
down €71,188, from €4,996 to -€66,192
- Depreciation -€1,737
down €1,737 (-87.8%), from €1,978 to €241
- Other operating charges +€1,066
up €1,066 (+23.4%), from €4,549 to €5,615
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 | €50,008 | €19,279 | -€30,729 | -61.4% |
| Fixed assets | 21/28 | - | €6,983 | +€6,983 | |
| Tangible fixed assets | 22/27 | - | €6,983 | +€6,983 | |
| Furniture and vehicles | 24 | - | €6,983 | +€6,983 | |
| Current assets | 29/58 | €50,008 | €12,296 | -€37,712 | -75.4% |
| Amounts receivable within one year | 40/41 | €19,943 | €11,324 | -€8,619 | -43.2% |
| Trade receivables | 40 | - | €994 | +€994 | |
| Other amounts receivable | 41 | €19,943 | €10,330 | -€9,613 | -48.2% |
| Cash at bank and in hand | 54/58 | €30,065 | €972 | -€29,093 | -96.8% |
| Total equity and liabilities | 10/49 | €50,008 | €19,279 | -€30,729 | -61.4% |
| Equity | 10/15 | -€45,209 | -€118,958 | -€73,749 | -163.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,068 | -€140,817 | -€73,749 | -110.0% |
| Amounts payable | 17/49 | €95,217 | €138,237 | +€43,020 | +45.2% |
| Amounts payable after more than one year | 17 | €57,840 | €57,840 | = | 0.0% |
| Financial debts | 170/4 | €57,840 | €57,840 | = | 0.0% |
| Amounts payable within one year | 42/48 | €37,377 | €80,397 | +€43,020 | +115.1% |
| Trade debts | 44 | €6,193 | €6,547 | +€354 | +5.7% |
| Suppliers | 440/4 | €6,193 | €6,547 | +€354 | +5.7% |
| Taxes, remuneration and social security | 45 | €1,692 | €1,355 | -€337 | -19.9% |
| Taxes | 450/3 | €1,692 | €1,355 | -€337 | -19.9% |
| Other amounts payable | 47/48 | €29,492 | €72,495 | +€43,003 | +145.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,978 | €241 | -€1,737 | -87.8% |
| Other operating charges | 640/8 | €4,549 | €5,615 | +€1,066 | +23.4% |
| Gross operating margin | 9900 | €4,996 | -€66,192 | -€71,188 | |
| Operating profit (loss) | 9901 | -€1,531 | -€72,048 | -€70,517 | -4605.9% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €332 | €346 | +€14 | +4.2% |
| Recurring financial charges | 65 | €332 | €346 | +€14 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,848 | -€72,394 | -€70,546 | -3817.4% |
| Income taxes | 67/77 | €1,126 | €1,355 | +€229 | +20.3% |
| Profit (loss) for the period | 9904 | -€2,974 | -€73,749 | -€70,775 | -2379.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,974 | -€73,749 | -€70,775 | -2379.8% |
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 3 October 2026 via checked.be.