LVQ: 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.
LVQ
Largest movements
- Receivables within one year +€12,239
up €12,239 (+61.9%), from €19,774 to €32,014
of which Trade receivables: +€12,239
- Stocks and contracts -€2,666
down €2,666 (-21.2%), from €12,566 to €9,900
- Tangible fixed assets -€1,390
down €1,390 (-13.9%), from €10,000 to €8,610
- Trade debts -€21,280
down €21,280 (-74.1%), from €28,710 to €7,431
- Profit (loss) carried forward +€14,721
up €14,721 (+15.6%), from -€94,608 to -€79,887
- Tax, wage and social debts +€8,537
up €8,537 (+46.0%), from €18,564 to €27,101
of which Remuneration and social security: +€12,000
- Other debts +€3,765
up €3,765 (+25.4%), from €14,811 to €18,577
- Short-term financial debts +€2,089
up €2,089 (+18.5%), from €11,324 to €13,413
- Gross operating margin +€13,678
up €13,678 (+151.7%), from €9,016 to €22,694
- Taxes +€3,168
new in 2025: €3,168
- Depreciation -€2,488
down €2,488 (-49.8%), from €5,000 to €2,512
- Financial charges -€366
down €366 (-15.3%), from €2,383 to €2,017
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 | €46,515 | €54,348 | +€7,833 | +16.8% |
| Fixed assets | 21/28 | €10,000 | €8,610 | -€1,390 | -13.9% |
| Tangible fixed assets | 22/27 | €10,000 | €8,610 | -€1,390 | -13.9% |
| Furniture and vehicles | 24 | €10,000 | €8,610 | -€1,390 | -13.9% |
| Current assets | 29/58 | €36,515 | €45,739 | +€9,224 | +25.3% |
| Stocks and contracts in progress | 3 | €12,566 | €9,900 | -€2,666 | -21.2% |
| Stocks | 30/36 | €12,566 | €9,900 | -€2,666 | -21.2% |
| Amounts receivable within one year | 40/41 | €19,774 | €32,014 | +€12,239 | +61.9% |
| Trade receivables | 40 | €15,049 | €27,288 | +€12,239 | +81.3% |
| Other amounts receivable | 41 | €4,725 | €4,725 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,175 | €3,825 | -€350 | -8.4% |
| Total equity and liabilities | 10/49 | €46,515 | €54,348 | +€7,833 | +16.8% |
| Equity | 10/15 | -€59,148 | -€44,427 | +€14,721 | +24.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,608 | -€79,887 | +€14,721 | +15.6% |
| Amounts payable | 17/49 | €105,664 | €98,776 | -€6,888 | -6.5% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €73,409 | €66,521 | -€6,888 | -9.4% |
| Financial debts | 43 | €11,324 | €13,413 | +€2,089 | +18.5% |
| Credit institutions | 430/8 | €11,324 | €13,413 | +€2,089 | +18.5% |
| Trade debts | 44 | €28,710 | €7,431 | -€21,280 | -74.1% |
| Suppliers | 440/4 | €28,710 | €7,431 | -€21,280 | -74.1% |
| Taxes, remuneration and social security | 45 | €18,564 | €27,101 | +€8,537 | +46.0% |
| Taxes | 450/3 | €11,184 | €7,721 | -€3,463 | -31.0% |
| Remuneration and social security | 454/9 | €7,380 | €19,380 | +€12,000 | +162.6% |
| Other amounts payable | 47/48 | €14,811 | €18,577 | +€3,765 | +25.4% |
| Accrued charges and deferred income | 492/3 | €2,254 | €2,254 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,000 | €2,512 | -€2,488 | -49.8% |
| Other operating charges | 640/8 | €372 | €276 | -€96 | -25.8% |
| Non-recurring operating charges | 66A | €109 | - | -€109 | |
| Gross operating margin | 9900 | €9,016 | €22,694 | +€13,678 | +151.7% |
| Operating profit (loss) | 9901 | €3,536 | €19,906 | +€16,370 | +463.0% |
| Financial income | 75/76B | €210 | €0 | -€210 | -100.0% |
| Recurring financial income | 75 | €210 | €0 | -€210 | -100.0% |
| Financial charges | 65/66B | €2,383 | €2,017 | -€366 | -15.3% |
| Recurring financial charges | 65 | €2,383 | €2,017 | -€366 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €1,363 | €17,889 | +€16,526 | +1212.8% |
| Income taxes | 67/77 | - | €3,168 | +€3,168 | |
| Profit (loss) for the period | 9904 | €1,363 | €14,721 | +€13,358 | +980.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,363 | €14,721 | +€13,358 | +980.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.