LVP CORE: 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 CORE
Largest movements
- Cash +€15,967
up €15,967 (+43.8%), from €36,469 to €52,436
mainly Net result for the year (+€18,223) and Tax, wage and social debts (+€6,799)
- Receivables within one year +€4,613
up €4,613 (+318129.7%), from €1 to €4,614
of which Other amounts receivable: +€4,613
- Reserves +€40,792
new in 2025: €40,792
- Profit (loss) carried forward -€22,568
down €22,568 (-100.0%), from €22,568 to €0
- Tax, wage and social debts +€6,799
up €6,799 (+97.1%), from €7,000 to €13,799
- Other debts -€4,836
down €4,836 (-100.0%), from €4,836 to €0
- Gross operating margin -€4,641
down €4,641 (-15.3%), from €30,409 to €25,768
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 | €37,631 | €57,669 | +€20,037 | +53.2% |
| Fixed assets | 21/28 | €1,161 | €618 | -€543 | -46.8% |
| Tangible fixed assets | 22/27 | €1,101 | €558 | -€543 | -49.3% |
| Furniture and vehicles | 24 | €1,101 | €558 | -€543 | -49.3% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €36,471 | €57,051 | +€20,580 | +56.4% |
| Amounts receivable within one year | 40/41 | €1 | €4,614 | +€4,613 | +318129.7% |
| Trade receivables | 40 | €1 | €1 | = | 0.0% |
| Other amounts receivable | 41 | - | €4,613 | +€4,613 | |
| Cash at bank and in hand | 54/58 | €36,469 | €52,436 | +€15,967 | +43.8% |
| Total equity and liabilities | 10/49 | €37,631 | €57,669 | +€20,037 | +53.2% |
| Equity | 10/15 | €25,068 | €43,292 | +€18,223 | +72.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €40,792 | +€40,792 | |
| Distributable reserves | 133 | - | €40,792 | +€40,792 | |
| Profit (loss) carried forward | 14 | €22,568 | €0 | -€22,568 | -100.0% |
| Amounts payable | 17/49 | €12,563 | €14,377 | +€1,814 | +14.4% |
| Amounts payable within one year | 42/48 | €12,563 | €14,377 | +€1,814 | +14.4% |
| Trade debts | 44 | €727 | €579 | -€149 | -20.4% |
| Suppliers | 440/4 | €727 | €579 | -€149 | -20.4% |
| Taxes, remuneration and social security | 45 | €7,000 | €13,799 | +€6,799 | +97.1% |
| Taxes | 450/3 | €7,000 | €13,799 | +€6,799 | +97.1% |
| Other amounts payable | 47/48 | €4,836 | €0 | -€4,836 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €527 | €543 | +€15 | +2.9% |
| Other operating charges | 640/8 | €257 | €166 | -€91 | -35.4% |
| Gross operating margin | 9900 | €30,409 | €25,768 | -€4,641 | -15.3% |
| Operating profit (loss) | 9901 | €29,625 | €25,060 | -€4,565 | -15.4% |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €57 | €56 | -€1 | -0.9% |
| Recurring financial charges | 65 | €57 | €56 | -€1 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €29,568 | €25,022 | -€4,546 | -15.4% |
| Income taxes | 67/77 | €7,000 | €6,799 | -€202 | -2.9% |
| Profit (loss) for the period | 9904 | €22,568 | €18,223 | -€4,345 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,568 | €18,223 | -€4,345 | -19.3% |
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 12 October 2026 via checked.be.