LVP-STABLES: 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
LVP-STABLES
NACE 56.210, Event catering
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€63,172
2025 · -€24,326-€38,845
Equity
€4.1m
2025 · €4.2m-€63,172
Cash
€148,916
2025 · €190,111-€41,195
Balance sheet total
€9.9m
2025 · €10.2m-€312,524
Largest movements
Assets
- Receivables within one year +€278,047
up €278,047 (+30.0%), from €925,695 to €1.2m
of which Other amounts receivable: +€188,526
- Tangible fixed assets -€260,234
down €260,234 (-4.3%), from €6.1m to €5.8m
of which Land and buildings: -€267,630
- Stocks and contracts -€207,000
down €207,000 (-11.0%), from €1.9m to €1.7m
Equity and liabilities
- Debts after one year -€150,852
down €150,852 (-3.6%), from €4.2m to €4.1m
Income statement
- Gross operating margin -€43,518
down €43,518 (-9.1%), from €477,271 to €433,753
- Taxes -€26,080
down €26,080 (-29.7%), from €87,832 to €61,752
- Other operating charges +€21,366
up €21,366 (+167%), from €12,796 to €34,161
- Financial income -€7,528
down €7,528 (-18.1%), from €41,605 to €34,078
- Financial charges -€5,423
down €5,423 (-3.5%), from €153,692 to €148,269
From the 2025 result to the 2026 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 2025
-€24,326
Gross operating margin
-€43,518
Depreciation
+€4,839
Other operating charges
-€21,366
Other operating items
-€2,224
Financial income
-€7,528
Financial charges
+€5,423
Taxes
+€26,080
Deferred taxes and other
-€552
Result 2026
-€63,172
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€191,617
Investment
-€88,933
Financing
-€143,879
Cash 2025
€190,111
From operations (derived)
+€191,617
Net result for the year
-€63,172
Depreciation
+€344,706
Receivables after one year
+€38,334
Stocks and contracts
+€207,000
Receivables within one year
-€278,047
Deferred charges and accrued income
+€48,269
Provisions
-€60,111
Trade debts
+€3,303
Tax, wage and social debts
-€32,132
Other debts
-€15,000
Accrued charges and deferred income
-€1,535
Investment (derived)
-€88,933
Investment in fixed assets (net)
-€85,533
Current investments
-€3,400
Financing
-€143,879
Debts after one year
-€150,852
Current portion of long-term debt
+€9,518
Short-term financial debts
-€2,545
Cash 2026
€148,916
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,218,236 | €9,905,711 | -€312,524 | -3.1% |
| Fixed assets | 21/28 | €6,485,595 | €6,226,421 | -€259,174 | -4.0% |
| Intangible fixed assets | 21 | €11,919 | €11,919 | = | 0.0% |
| Tangible fixed assets | 22/27 | €6,072,867 | €5,812,633 | -€260,234 | -4.3% |
| Land and buildings | 22 | €5,939,285 | €5,671,655 | -€267,630 | -4.5% |
| Plant, machinery and equipment | 23 | €36,583 | €34,003 | -€2,580 | -7.1% |
| Furniture and vehicles | 24 | €26,968 | €10,346 | -€16,622 | -61.6% |
| Leasing and similar rights | 25 | €69,330 | €95,929 | +€26,599 | +38.4% |
| Other tangible fixed assets | 26 | €700 | €700 | = | 0.0% |
| Financial fixed assets | 28 | €400,809 | €401,869 | +€1,060 | +0.3% |
| Current assets | 29/58 | €3,732,641 | €3,679,290 | -€53,351 | -1.4% |
| Amounts receivable after more than one year | 29 | €647,209 | €608,875 | -€38,334 | -5.9% |
| Other amounts receivable | 291 | €647,209 | €608,875 | -€38,334 | -5.9% |
| Stocks and contracts in progress | 3 | €1,875,000 | €1,668,000 | -€207,000 | -11.0% |
| Stocks | 30/36 | €1,875,000 | €1,668,000 | -€207,000 | -11.0% |
| Amounts receivable within one year | 40/41 | €925,695 | €1,203,742 | +€278,047 | +30.0% |
| Trade receivables | 40 | €752,115 | €841,637 | +€89,521 | +11.9% |
| Other amounts receivable | 41 | €173,580 | €362,105 | +€188,526 | +109% |
| Current investments | 50/53 | €30,600 | €34,000 | +€3,400 | +11.1% |
| Cash at bank and in hand | 54/58 | €190,111 | €148,916 | -€41,195 | -21.7% |
| Deferred charges and accrued income | 490/1 | €64,026 | €15,757 | -€48,269 | -75.4% |
| Total equity and liabilities | 10/49 | €10,218,236 | €9,905,711 | -€312,524 | -3.1% |
| Equity | 10/15 | €4,188,697 | €4,125,526 | -€63,172 | -1.5% |
| Contributions | 10/11 | €268,600 | €268,600 | = | 0.0% |
| Reserves | 13 | €3,920,097 | €3,856,926 | -€63,172 | -1.6% |
| Non-distributable reserves | 130/1 | €26,860 | €26,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €26,860 | €26,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,077,526 | €2,897,194 | -€180,331 | -5.9% |
| Distributable reserves | 133 | €815,712 | €932,872 | +€117,160 | +14.4% |
| Provisions and deferred taxes | 16 | €1,025,842 | €965,731 | -€60,111 | -5.9% |
| Deferred taxes | 168 | €1,025,842 | €965,731 | -€60,111 | -5.9% |
| Amounts payable | 17/49 | €5,003,696 | €4,814,454 | -€189,242 | -3.8% |
| Amounts payable after more than one year | 17 | €4,227,795 | €4,076,943 | -€150,852 | -3.6% |
| Financial debts | 170/4 | €4,227,795 | €4,076,943 | -€150,852 | -3.6% |
| Amounts payable within one year | 42/48 | €764,904 | €728,049 | -€36,855 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €191,966 | €201,484 | +€9,518 | +5.0% |
| Financial debts | 43 | €338,550 | €336,005 | -€2,545 | -0.8% |
| Credit institutions | 430/8 | €338,550 | €336,005 | -€2,545 | -0.8% |
| Trade debts | 44 | €108,105 | €111,408 | +€3,303 | +3.1% |
| Suppliers | 440/4 | €108,105 | €111,408 | +€3,303 | +3.1% |
| Taxes, remuneration and social security | 45 | €111,283 | €79,152 | -€32,132 | -28.9% |
| Taxes | 450/3 | €111,283 | €79,152 | -€32,132 | -28.9% |
| Other amounts payable | 47/48 | €15,000 | - | -€15,000 | |
| Accrued charges and deferred income | 492/3 | €10,997 | €9,462 | -€1,535 | -14.0% |
| Non-recurring operating income | 76A | - | €20,000 | +€20,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €349,545 | €344,706 | -€4,839 | -1.4% |
| Other operating charges | 640/8 | €12,796 | €34,161 | +€21,366 | +167% |
| Non-recurring operating charges | 66A | - | €2,224 | +€2,224 | |
| Gross operating margin | 9900 | €477,271 | €433,753 | -€43,518 | -9.1% |
| Operating profit (loss) | 9901 | €114,930 | €52,661 | -€62,269 | -54.2% |
| Financial income | 75/76B | €41,605 | €34,078 | -€7,528 | -18.1% |
| Recurring financial income | 75 | €41,605 | €34,078 | -€7,528 | -18.1% |
| Financial charges | 65/66B | €153,692 | €148,269 | -€5,423 | -3.5% |
| Recurring financial charges | 65 | €153,692 | €148,269 | -€5,423 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €2,844 | -€61,530 | -€64,373 | |
| Transfer from deferred taxes | 780 | €60,662 | €60,111 | -€552 | -0.9% |
| Income taxes | 67/77 | €87,832 | €61,752 | -€26,080 | -29.7% |
| Profit (loss) for the period | 9904 | -€24,326 | -€63,172 | -€38,845 | -160% |
| Transfer from tax-exempt reserves | 789 | €181,987 | €180,331 | -€1,655 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €157,661 | €117,160 | -€40,501 | -25.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.