LVPS: what changed
Two fiscal 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.
LVPS
Largest movements
- Cash +€52,313
up €52,313 (+58.2%), from €89,910 to €142,223
mainly Net result for the year (+€38,313) and Other debts (+€30,026)
- Receivables within one year -€21,430
down €21,430 (-48.2%), from €44,453 to €23,023
of which Trade receivables: -€23,905
- Tangible fixed assets -€5,813
down €5,813 (-28.1%), from €20,661 to €14,848
- Other debts +€30,026
up €30,026 (+162037.6%), from €19 to €30,044
- Trade debts -€8,517
down €8,517 (-81.9%), from €10,397 to €1,880
- Tax, wage and social debts +€6,403
up €6,403 (+107.8%), from €5,938 to €12,341
- Debts after one year -€5,471
down €5,471 (-45.0%), from €12,159 to €6,688
- Profit (loss) carried forward +€3,019
up €3,019 (+2.5%), from €120,219 to €123,239
- Gross operating margin -€10,249
down €10,249 (-15.1%), from €67,971 to €57,723
- Taxes -€2,476
down €2,476 (-18.5%), from €13,396 to €10,921
- Depreciation +€799
up €799 (+12.9%), from €6,169 to €6,968
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 | €156,473 | €182,163 | +€25,690 | +16.4% |
| Fixed assets | 21/28 | €20,661 | €14,848 | -€5,813 | -28.1% |
| Tangible fixed assets | 22/27 | €20,661 | €14,848 | -€5,813 | -28.1% |
| Furniture and vehicles | 24 | €20,661 | €14,848 | -€5,813 | -28.1% |
| Current assets | 29/58 | €135,812 | €167,315 | +€31,504 | +23.2% |
| Amounts receivable within one year | 40/41 | €44,453 | €23,023 | -€21,430 | -48.2% |
| Trade receivables | 40 | €42,850 | €18,944 | -€23,905 | -55.8% |
| Other amounts receivable | 41 | €1,604 | €4,079 | +€2,476 | +154.4% |
| Cash at bank and in hand | 54/58 | €89,910 | €142,223 | +€52,313 | +58.2% |
| Deferred charges and accrued income | 490/1 | €1,449 | €2,069 | +€620 | +42.8% |
| Total equity and liabilities | 10/49 | €156,473 | €182,163 | +€25,690 | +16.4% |
| Equity | 10/15 | €122,719 | €125,739 | +€3,019 | +2.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,219 | €123,239 | +€3,019 | +2.5% |
| Amounts payable | 17/49 | €33,754 | €56,425 | +€22,671 | +67.2% |
| Amounts payable after more than one year | 17 | €12,159 | €6,688 | -€5,471 | -45.0% |
| Financial debts | 170/4 | €12,159 | €6,688 | -€5,471 | -45.0% |
| Amounts payable within one year | 42/48 | €21,595 | €49,737 | +€28,142 | +130.3% |
| Current portion of amounts payable after more than one year | 42 | €5,241 | €5,471 | +€230 | +4.4% |
| Trade debts | 44 | €10,397 | €1,880 | -€8,517 | -81.9% |
| Suppliers | 440/4 | €10,397 | €1,880 | -€8,517 | -81.9% |
| Taxes, remuneration and social security | 45 | €5,938 | €12,341 | +€6,403 | +107.8% |
| Taxes | 450/3 | €5,938 | €12,341 | +€6,403 | +107.8% |
| Other amounts payable | 47/48 | €19 | €30,044 | +€30,026 | +162037.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,169 | €6,968 | +€799 | +12.9% |
| Other operating charges | 640/8 | €1,018 | €975 | -€43 | -4.2% |
| Gross operating margin | 9900 | €67,971 | €57,723 | -€10,249 | -15.1% |
| Operating profit (loss) | 9901 | €60,784 | €49,779 | -€11,004 | -18.1% |
| Financial income | 75/76B | €91 | €242 | +€151 | +165.6% |
| Recurring financial income | 75 | €91 | €242 | +€151 | +165.6% |
| Financial charges | 65/66B | €1,008 | €787 | -€221 | -21.9% |
| Recurring financial charges | 65 | €1,008 | €787 | -€221 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €59,867 | €49,234 | -€10,633 | -17.8% |
| Income taxes | 67/77 | €13,396 | €10,921 | -€2,476 | -18.5% |
| Profit (loss) for the period | 9904 | €46,471 | €38,313 | -€8,157 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,471 | €38,313 | -€8,157 | -17.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.