LVPC: 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.
LVPC
Largest movements
- Receivables within one year -€47,598
down €47,598 (-63.9%), from €74,516 to €26,918
of which Other amounts receivable: -€46,043
- Cash +€19,783
up €19,783 (+2245.9%), from €881 to €20,664
mainly Receivables within one year (+€47,598) and Net result for the year (+€38,578)
- Profit (loss) carried forward -€17,071
no longer reported in 2025 (was €17,071)
- Trade debts -€16,012
down €16,012 (-35.1%), from €45,586 to €29,574
- Tax, wage and social debts +€10,780
up €10,780 (+110.6%), from €9,743 to €20,522
- Advances received -€5,000
no longer reported in 2025 (was €5,000)
- Gross operating margin +€81,034
up €81,034, from -€29,071 to €51,964
- Taxes +€7,021
up €7,021 (+4809.9%), from €146 to €7,166
- Financial charges +€2,104
up €2,104 (+73.6%), from €2,858 to €4,962
- Depreciation -€879
down €879 (-59.7%), from €1,472 to €593
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 | €77,510 | €50,206 | -€27,304 | -35.2% |
| Fixed assets | 21/28 | €2,049 | €2,059 | +€11 | +0.5% |
| Tangible fixed assets | 22/27 | €549 | €559 | +€11 | +1.9% |
| Furniture and vehicles | 24 | €549 | €559 | +€11 | +1.9% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €75,461 | €48,147 | -€27,314 | -36.2% |
| Amounts receivable within one year | 40/41 | €74,516 | €26,918 | -€47,598 | -63.9% |
| Trade receivables | 40 | €2,554 | €999 | -€1,555 | -60.9% |
| Other amounts receivable | 41 | €71,962 | €25,919 | -€46,043 | -64.0% |
| Cash at bank and in hand | 54/58 | €881 | €20,664 | +€19,783 | +2245.9% |
| Deferred charges and accrued income | 490/1 | €64 | €565 | +€501 | +783.8% |
| Total equity and liabilities | 10/49 | €77,510 | €50,206 | -€27,304 | -35.2% |
| Equity | 10/15 | €17,181 | €110 | -€17,071 | -99.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €10 | €10 | = | 0.0% |
| Distributable reserves | 133 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,071 | - | -€17,071 | |
| Amounts payable | 17/49 | €60,328 | €50,096 | -€10,232 | -17.0% |
| Amounts payable within one year | 42/48 | €60,328 | €50,096 | -€10,232 | -17.0% |
| Trade debts | 44 | €45,586 | €29,574 | -€16,012 | -35.1% |
| Suppliers | 440/4 | €45,586 | €29,574 | -€16,012 | -35.1% |
| Advances received on contracts in progress | 46 | €5,000 | - | -€5,000 | |
| Taxes, remuneration and social security | 45 | €9,743 | €20,522 | +€10,780 | +110.6% |
| Taxes | 450/3 | €9,743 | €20,522 | +€10,780 | +110.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,472 | €593 | -€879 | -59.7% |
| Other operating charges | 640/8 | €722 | €664 | -€59 | -8.1% |
| Gross operating margin | 9900 | -€29,071 | €51,964 | +€81,034 | |
| Operating profit (loss) | 9901 | -€31,266 | €50,706 | +€81,972 | |
| Financial charges | 65/66B | €2,858 | €4,962 | +€2,104 | +73.6% |
| Recurring financial charges | 65 | €2,858 | €4,962 | +€2,104 | +73.6% |
| Profit (loss) for the period before taxes | 9903 | -€34,123 | €45,745 | +€79,868 | |
| Income taxes | 67/77 | €146 | €7,166 | +€7,021 | +4809.9% |
| Profit (loss) for the period | 9904 | -€34,269 | €38,578 | +€72,848 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,269 | €38,578 | +€72,848 |
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 11 October 2026 via checked.be.