LVO VIP: 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 VIP
Largest movements
- Cash +€94,051
up €94,051 (+1,138%), from €8,267 to €102,318
mainly Receivables within one year (+€63,241) and Tax, wage and social debts (+€50,473)
- Receivables within one year -€63,241
down €63,241 (-37.5%), from €168,836 to €105,595
- Tangible fixed assets +€5,001
up €5,001 (+19.7%), from €25,398 to €30,399
of which Furniture and vehicles: +€4,851
- Tax, wage and social debts +€50,473
up €50,473 (+255%), from €19,757 to €70,231
of which Taxes: +€43,023
- Other debts -€40,162
down €40,162 (-85.2%), from €47,121 to €6,959
- Reserves +€36,144
up €36,144 (+35.1%), from €103,049 to €139,193
of which Distributable reserves: +€36,144
- Trade debts -€10,645
down €10,645 (-31.7%), from €33,624 to €22,979
- Gross operating margin +€21,855
up €21,855 (+51.3%), from €42,626 to €64,481
- Depreciation -€3,023
down €3,023 (-22.3%), from €13,529 to €10,506
- Taxes -€1,186
down €1,186 (-7.5%), from €15,764 to €14,578
- Other operating charges -€731
down €731 (-21.6%), from €3,382 to €2,650
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 | €209,752 | €245,562 | +€35,810 | +17.1% |
| Fixed assets | 21/28 | €29,648 | €34,649 | +€5,001 | +16.9% |
| Tangible fixed assets | 22/27 | €25,398 | €30,399 | +€5,001 | +19.7% |
| Land and buildings | 22 | €2,794 | €2,482 | -€312 | -11.2% |
| Plant, machinery and equipment | 23 | €7,879 | €8,341 | +€462 | +5.9% |
| Furniture and vehicles | 24 | €14,725 | €19,576 | +€4,851 | +32.9% |
| Financial fixed assets | 28 | €4,250 | €4,250 | = | 0.0% |
| Current assets | 29/58 | €180,104 | €210,913 | +€30,810 | +17.1% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €168,836 | €105,595 | -€63,241 | -37.5% |
| Trade receivables | 40 | €168,836 | €105,595 | -€63,241 | -37.5% |
| Cash at bank and in hand | 54/58 | €8,267 | €102,318 | +€94,051 | +1,138% |
| Total equity and liabilities | 10/49 | €209,752 | €245,562 | +€35,810 | +17.1% |
| Equity | 10/15 | €109,249 | €145,393 | +€36,144 | +33.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €103,049 | €139,193 | +€36,144 | +35.1% |
| Non-distributable reserves | 130/1 | €37 | €37 | = | 0.0% |
| Legal reserve | 130 | €37 | €37 | = | 0.0% |
| Distributable reserves | 133 | €103,013 | €139,156 | +€36,144 | +35.1% |
| Amounts payable | 17/49 | €100,502 | €100,169 | -€333 | -0.3% |
| Amounts payable within one year | 42/48 | €100,502 | €100,169 | -€333 | -0.3% |
| Trade debts | 44 | €33,624 | €22,979 | -€10,645 | -31.7% |
| Suppliers | 440/4 | €33,624 | €22,979 | -€10,645 | -31.7% |
| Taxes, remuneration and social security | 45 | €19,757 | €70,231 | +€50,473 | +255% |
| Taxes | 450/3 | €19,757 | €62,781 | +€43,023 | +218% |
| Remuneration and social security | 454/9 | - | €7,450 | +€7,450 | |
| Other amounts payable | 47/48 | €47,121 | €6,959 | -€40,162 | -85.2% |
| Remuneration, social security and pensions | 62 | €55 | - | -€55 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,529 | €10,506 | -€3,023 | -22.3% |
| Other operating charges | 640/8 | €3,382 | €2,650 | -€731 | -21.6% |
| Gross operating margin | 9900 | €42,626 | €64,481 | +€21,855 | +51.3% |
| Operating profit (loss) | 9901 | €25,660 | €51,324 | +€25,664 | +100% |
| Financial income | 75/76B | €0 | €0 | -€0 | -79.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -79.1% |
| Financial charges | 65/66B | €455 | €603 | +€148 | +32.5% |
| Recurring financial charges | 65 | €455 | €603 | +€148 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | €25,205 | €50,721 | +€25,516 | +101% |
| Income taxes | 67/77 | €15,764 | €14,578 | -€1,186 | -7.5% |
| Profit (loss) for the period | 9904 | €9,441 | €36,144 | +€26,702 | +283% |
| Profit (loss) for the period to be appropriated | 9905 | €9,441 | €36,144 | +€26,702 | +283% |
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 19 October 2026 via checked.be.