LVRT EVENTS: 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.
LVRT EVENTS
Largest movements
- Receivables within one year -€53,684
down €53,684 (-92.2%), from €58,211 to €4,527
of which Trade receivables: -€55,180
- Cash -€9,637
down €9,637 (-37.7%), from €25,529 to €15,892
mainly Trade debts (-€70,339) and Investment in fixed assets (net) (-€29,370)
- Trade debts -€70,339
down €70,339 (-98.3%), from €71,565 to €1,226
- Profit (loss) carried forward +€7,543
up €7,543 (+14.5%), from -€51,877 to -€44,334
- Tax, wage and social debts -€2,474
down €2,474 (-29.7%), from €8,336 to €5,862
- Gross operating margin +€25,583
up €25,583, from -€4,039 to €21,544
- Financial income +€17,332
up €17,332 (+45610.5%), from €38 to €17,370
of which Non-recurring financial income: +€17,369
- Depreciation -€16,704
down €16,704 (-35.0%), from €47,715 to €31,011
- Other operating charges +€251
up €251 (+404.8%), from €62 to €313
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 | €180,024 | €115,062 | -€64,962 | -36.1% |
| Fixed assets | 21/28 | €96,284 | €94,643 | -€1,641 | -1.7% |
| Tangible fixed assets | 22/27 | €96,284 | €94,643 | -€1,641 | -1.7% |
| Furniture and vehicles | 24 | €96,284 | €94,643 | -€1,641 | -1.7% |
| Current assets | 29/58 | €83,740 | €20,419 | -€63,321 | -75.6% |
| Amounts receivable within one year | 40/41 | €58,211 | €4,527 | -€53,684 | -92.2% |
| Trade receivables | 40 | €58,205 | €3,025 | -€55,180 | -94.8% |
| Other amounts receivable | 41 | €6 | €1,502 | +€1,496 | +24933.3% |
| Cash at bank and in hand | 54/58 | €25,529 | €15,892 | -€9,637 | -37.7% |
| Total equity and liabilities | 10/49 | €180,024 | €115,062 | -€64,962 | -36.1% |
| Equity | 10/15 | €100,123 | €107,666 | +€7,543 | +7.5% |
| Contributions | 10/11 | €152,000 | €152,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,877 | -€44,334 | +€7,543 | +14.5% |
| Amounts payable | 17/49 | €79,901 | €7,396 | -€72,505 | -90.7% |
| Amounts payable within one year | 42/48 | €79,901 | €7,396 | -€72,505 | -90.7% |
| Trade debts | 44 | €71,565 | €1,226 | -€70,339 | -98.3% |
| Suppliers | 440/4 | €71,565 | €1,226 | -€70,339 | -98.3% |
| Taxes, remuneration and social security | 45 | €8,336 | €5,862 | -€2,474 | -29.7% |
| Taxes | 450/3 | €8,336 | €5,862 | -€2,474 | -29.7% |
| Other amounts payable | 47/48 | - | €308 | +€308 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,715 | €31,011 | -€16,704 | -35.0% |
| Other operating charges | 640/8 | €62 | €313 | +€251 | +404.8% |
| Gross operating margin | 9900 | -€4,039 | €21,544 | +€25,583 | |
| Operating profit (loss) | 9901 | -€51,816 | -€9,780 | +€42,036 | +81.1% |
| Financial income | 75/76B | €38 | €17,370 | +€17,332 | +45610.5% |
| Recurring financial income | 75 | €38 | €1 | -€37 | -97.4% |
| Non-recurring financial income | 76B | - | €17,369 | +€17,369 | |
| Financial charges | 65/66B | €99 | €47 | -€52 | -52.5% |
| Recurring financial charges | 65 | €99 | €47 | -€52 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | -€51,877 | €7,543 | +€59,420 | |
| Profit (loss) for the period | 9904 | -€51,877 | €7,543 | +€59,420 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,877 | €7,543 | +€59,420 |
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 3 October 2026 via checked.be.