LVO Holding: 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.
LVO Holding
Largest movements
- Financial fixed assets +€1.7m
up €1.7m (+14.6%), from €11.4m to €13.1m
- Debts after one year +€3.4m
up €3.4m (+47.0%), from €7.2m to €10.6m
of which Other amounts payable: +€1.8m
- Profit (loss) carried forward -€890,912
down €890,912 (-39.0%), from -€2.3m to -€3.2m
- Other debts -€558,247
down €558,247 (-30.4%), from €1.8m to €1.3m
- Short-term financial debts -€250,000
down €250,000 (-6.4%), from €3.9m to €3.7m
- Financial charges +€68,217
up €68,217 (+8.4%), from €812,029 to €880,246
- Gross operating margin +€9,972
up €9,972 (+48.9%), from -€20,409 to -€10,437
- Purchases and services -€9,972
down €9,972 (-48.9%), from €20,409 to €10,437
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 | €11,423,583 | €13,096,090 | +€1.7m | +14.6% |
| Fixed assets | 21/28 | €11,421,784 | €13,091,498 | +€1.7m | +14.6% |
| Financial fixed assets | 28 | €11,421,784 | €13,091,498 | +€1.7m | +14.6% |
| Current assets | 29/58 | €1,799 | €4,592 | +€2,793 | +155% |
| Cash at bank and in hand | 54/58 | €1,799 | €4,592 | +€2,793 | +155% |
| Total equity and liabilities | 10/49 | €11,423,583 | €13,096,090 | +€1.7m | +14.6% |
| Equity | 10/15 | -€1,534,037 | -€2,424,949 | -€890,912 | -58.1% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,284,037 | -€3,174,949 | -€890,912 | -39.0% |
| Amounts payable | 17/49 | €12,957,619 | €15,521,039 | +€2.6m | +19.8% |
| Amounts payable after more than one year | 17 | €7,183,503 | €10,562,094 | +€3.4m | +47.0% |
| Financial debts | 170/4 | €5,441,639 | €6,972,039 | +€1.5m | +28.1% |
| Other amounts payable | 178/9 | €1,741,864 | €3,590,056 | +€1.8m | +106% |
| Amounts payable within one year | 42/48 | €5,742,528 | €4,929,543 | -€812,985 | -14.2% |
| Financial debts | 43 | €3,900,000 | €3,650,000 | -€250,000 | -6.4% |
| Credit institutions | 430/8 | €3,900,000 | €3,650,000 | -€250,000 | -6.4% |
| Trade debts | 44 | €4,951 | €212 | -€4,738 | -95.7% |
| Suppliers | 440/4 | €4,951 | €212 | -€4,738 | -95.7% |
| Other amounts payable | 47/48 | €1,837,578 | €1,279,331 | -€558,247 | -30.4% |
| Accrued charges and deferred income | 492/3 | €31,588 | €29,401 | -€2,186 | -6.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €20,409 | €10,437 | -€9,972 | -48.9% |
| Other operating charges | 640/8 | €62 | €229 | +€167 | +269% |
| Gross operating margin | 9900 | -€20,409 | -€10,437 | +€9,972 | +48.9% |
| Operating profit (loss) | 9901 | -€20,471 | -€10,666 | +€9,805 | +47.9% |
| Financial charges | 65/66B | €812,029 | €880,246 | +€68,217 | +8.4% |
| Recurring financial charges | 65 | €812,029 | €880,246 | +€68,217 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | -€832,500 | -€890,912 | -€58,413 | -7.0% |
| Profit (loss) for the period | 9904 | -€832,500 | -€890,912 | -€58,413 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€832,500 | -€890,912 | -€58,413 | -7.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.