LVO INDUSTRIES: 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.
What changed
LVO INDUSTRIES
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €256,664+€1.4m
Equity
€4.8m
2024 · €3.1m+€1.7m
Cash
€115,468
2024 · €96,669+€18,799
Balance sheet total
€15.7m
2024 · €9.9m+€5.7m
Largest movements
Assets
- Financial fixed assets +€7.4m
up €7.4m (+125%), from €5.9m to €13.3m
- Receivables after one year -€1.6m
down €1.6m (-100%), from €1.6m to €0
Equity and liabilities
- Debts after one year +€2.6m
up €2.6m (+1,377%), from €186,251 to €2.8m
- Profit (loss) carried forward +€1.7m
up €1.7m (+59.1%), from €2.8m to €4.5m
- Other debts +€1.5m
up €1.5m (+23.6%), from €6.3m to €7.7m
Income statement
- Financial income +€1.8m
up €1.8m (+397%), from €456,736 to €2.3m
of which Financial income: +€1.8m
- Gross operating margin -€392,686
down €392,686, from €268,603 to -€124,083
- Taxes -€5,904
down €5,904 (-69.4%), from €8,504 to €2,600
- Depreciation +€4,909
up €4,909 (+81.1%), from €6,051 to €10,960
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.
Result 2024
€256,664
Gross operating margin
-€392,686
Staff costs
+€765
Depreciation
-€4,909
Other operating charges
-€46
Financial income
+€1.8m
Financial charges
+€1,818
Taxes
+€5,904
Result 2025
€1.7m
raises the resultlowers the result
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.
From operations
+€4.9m
Investment
-€7.5m
Financing
+€2.6m
Cash 2024
€96,669
From operations (derived)
+€4.9m
Net result for the year
+€1.7m
Depreciation
+€10,960
Receivables after one year
+€1.6m
Receivables within one year
+€152,075
Smaller working-capital items
+€1,283
Other debts
+€1.5m
Accrued charges and deferred income
+€30,315
Investment (derived)
-€7.5m
Investment in fixed assets (net)
-€7.5m
Financing
+€2.6m
Debts after one year
+€2.6m
Current portion of long-term debt
+€2,620
Contributions, distributions and other
-€10,400
Cash 2025
€115,468
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,933,577 | €15,682,777 | +€5.7m | +57.9% |
| Fixed assets | 21/28 | €5,932,464 | €13,404,882 | +€7.5m | +126% |
| Intangible fixed assets | 21 | €8,923 | €6,923 | -€2,000 | -22.4% |
| Tangible fixed assets | 22/27 | €20,207 | €101,121 | +€80,914 | +400% |
| Furniture and vehicles | 24 | €20,207 | €101,121 | +€80,914 | +400% |
| Financial fixed assets | 28 | €5,903,334 | €13,296,838 | +€7.4m | +125% |
| Current assets | 29/58 | €4,001,113 | €2,277,894 | -€1.7m | -43.1% |
| Amounts receivable after more than one year | 29 | €1,593,256 | €0 | -€1.6m | -100% |
| Other amounts receivable | 291 | €1,593,256 | €0 | -€1.6m | -100% |
| Amounts receivable within one year | 40/41 | €2,308,782 | €2,156,707 | -€152,075 | -6.6% |
| Trade receivables | 40 | €210,373 | €119,869 | -€90,505 | -43.0% |
| Other amounts receivable | 41 | €2,098,409 | €2,036,838 | -€61,571 | -2.9% |
| Cash at bank and in hand | 54/58 | €96,669 | €115,468 | +€18,799 | +19.4% |
| Deferred charges and accrued income | 490/1 | €2,407 | €5,720 | +€3,313 | +138% |
| Total equity and liabilities | 10/49 | €9,933,577 | €15,682,777 | +€5.7m | +57.9% |
| Equity | 10/15 | €3,139,039 | €4,808,449 | +€1.7m | +53.2% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €16,436 | €16,436 | = | 0.0% |
| Distributable reserves | 133 | €16,436 | €16,436 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,822,603 | €4,492,012 | +€1.7m | +59.1% |
| Amounts payable | 17/49 | €6,794,538 | €10,874,328 | +€4.1m | +60.0% |
| Amounts payable after more than one year | 17 | €186,251 | €2,750,000 | +€2.6m | +1,377% |
| Financial debts | 170/4 | €186,251 | €2,750,000 | +€2.6m | +1,377% |
| Amounts payable within one year | 42/48 | €6,608,287 | €8,094,013 | +€1.5m | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €183,631 | €186,251 | +€2,620 | +1.4% |
| Trade debts | 44 | €134,267 | €139,708 | +€5,441 | +4.1% |
| Suppliers | 440/4 | €134,267 | €139,708 | +€5,441 | +4.1% |
| Taxes, remuneration and social security | 45 | €21,133 | €20,288 | -€845 | -4.0% |
| Taxes | 450/3 | €12,865 | €5,294 | -€7,571 | -58.9% |
| Remuneration and social security | 454/9 | €8,268 | €14,994 | +€6,726 | +81.3% |
| Other amounts payable | 47/48 | €6,269,257 | €7,747,766 | +€1.5m | +23.6% |
| Accrued charges and deferred income | 492/3 | - | €30,315 | +€30,315 | |
| Remuneration, social security and pensions | 62 | €197,622 | €196,857 | -€765 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,051 | €10,960 | +€4,909 | +81.1% |
| Other operating charges | 640/8 | €968 | €1,013 | +€46 | +4.7% |
| Gross operating margin | 9900 | €268,603 | -€124,083 | -€392,686 | |
| Operating profit (loss) | 9901 | €63,963 | -€332,913 | -€396,876 | |
| Financial income | 75/76B | €456,736 | €2,269,035 | +€1.8m | +397% |
| Recurring financial income | 75 | €456,736 | €2,255,035 | +€1.8m | +394% |
| Non-recurring financial income | 76B | - | €14,000 | +€14,000 | |
| Financial charges | 65/66B | €255,531 | €253,713 | -€1,818 | -0.7% |
| Recurring financial charges | 65 | €255,531 | €253,713 | -€1,818 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €265,169 | €1,682,409 | +€1.4m | +534% |
| Income taxes | 67/77 | €8,504 | €2,600 | -€5,904 | -69.4% |
| Profit (loss) for the period | 9904 | €256,664 | €1,679,809 | +€1.4m | +554% |
| Profit (loss) for the period to be appropriated | 9905 | €256,664 | €1,679,809 | +€1.4m | +554% |
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 28 October 2026 via checked.be.