LVP: 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.
LVP
Largest movements
- Tangible fixed assets -€19,986
down €19,986 (-3.3%), from €598,530 to €578,544
of which Other tangible fixed assets: -€16,130
- Receivables within one year +€8,144
up €8,144 (+530%), from €1,536 to €9,680
of which Trade receivables: +€9,680
- Other debts +€81,024
new in 2025: €81,024
- Reserves -€54,593
down €54,593 (-18.6%), from €293,809 to €239,216
- Debts after one year -€23,048
down €23,048 (-7.5%), from €308,559 to €285,511
- Tax, wage and social debts -€10,595
down €10,595 (-60.4%), from €17,545 to €6,950
- Gross operating margin -€14,112
down €14,112 (-16.7%), from €84,386 to €70,273
- Taxes -€12,565
down €12,565 (-62.0%), from €20,255 to €7,690
- Financial income -€6,431
no longer reported in 2025 (was €6,431)
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 | €660,311 | €650,392 | -€9,919 | -1.5% |
| Fixed assets | 21/28 | €603,180 | €578,544 | -€24,636 | -4.1% |
| Tangible fixed assets | 22/27 | €598,530 | €578,544 | -€19,986 | -3.3% |
| Land and buildings | 22 | €185,416 | €178,948 | -€6,468 | -3.5% |
| Furniture and vehicles | 24 | - | €2,612 | +€2,612 | |
| Other tangible fixed assets | 26 | €413,114 | €396,985 | -€16,130 | -3.9% |
| Financial fixed assets | 28 | €4,650 | - | -€4,650 | |
| Current assets | 29/58 | €57,131 | €71,848 | +€14,717 | +25.8% |
| Amounts receivable within one year | 40/41 | €1,536 | €9,680 | +€8,144 | +530% |
| Trade receivables | 40 | - | €9,680 | +€9,680 | |
| Other amounts receivable | 41 | €1,536 | - | -€1,536 | |
| Cash at bank and in hand | 54/58 | €55,595 | €62,168 | +€6,573 | +11.8% |
| Total equity and liabilities | 10/49 | €660,311 | €650,392 | -€9,919 | -1.5% |
| Equity | 10/15 | €300,009 | €245,416 | -€54,593 | -18.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €293,809 | €239,216 | -€54,593 | -18.6% |
| Distributable reserves | 133 | €293,809 | €239,216 | -€54,593 | -18.6% |
| Amounts payable | 17/49 | €360,302 | €404,976 | +€44,674 | +12.4% |
| Amounts payable after more than one year | 17 | €308,559 | €285,511 | -€23,048 | -7.5% |
| Financial debts | 170/4 | €308,559 | €285,511 | -€23,048 | -7.5% |
| Amounts payable within one year | 42/48 | €45,378 | €113,545 | +€68,166 | +150% |
| Current portion of amounts payable after more than one year | 42 | €22,483 | €23,048 | +€565 | +2.5% |
| Trade debts | 44 | €5,351 | €2,522 | -€2,828 | -52.9% |
| Suppliers | 440/4 | €5,351 | €2,522 | -€2,828 | -52.9% |
| Taxes, remuneration and social security | 45 | €17,545 | €6,950 | -€10,595 | -60.4% |
| Taxes | 450/3 | €17,545 | €6,950 | -€10,595 | -60.4% |
| Other amounts payable | 47/48 | - | €81,024 | +€81,024 | |
| Accrued charges and deferred income | 492/3 | €6,364 | €5,920 | -€444 | -7.0% |
| Non-recurring operating income | 76A | - | €12,350 | +€12,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,598 | €22,656 | +€58 | +0.3% |
| Other operating charges | 640/8 | €3,867 | €3,946 | +€80 | +2.1% |
| Gross operating margin | 9900 | €84,386 | €70,273 | -€14,112 | -16.7% |
| Operating profit (loss) | 9901 | €57,921 | €43,671 | -€14,250 | -24.6% |
| Financial income | 75/76B | €6,431 | - | -€6,431 | |
| Recurring financial income | 75 | €6,431 | - | -€6,431 | |
| Financial charges | 65/66B | €11,675 | €10,852 | -€823 | -7.1% |
| Recurring financial charges | 65 | €11,675 | €10,852 | -€823 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €52,676 | €32,819 | -€19,857 | -37.7% |
| Income taxes | 67/77 | €20,255 | €7,690 | -€12,565 | -62.0% |
| Profit (loss) for the period | 9904 | €32,421 | €25,129 | -€7,292 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,421 | €25,129 | -€7,292 | -22.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.