LVSS: 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.
LVSS
Largest movements
- Cash +€23,869
up €23,869 (+344.1%), from €6,936 to €30,805
mainly Net result for the year (+€51,185) and Tax, wage and social debts (+€7,157)
- Tangible fixed assets +€8,689
up €8,689 (+58.7%), from €14,795 to €23,485
of which Furniture and vehicles: +€9,677
- Receivables within one year -€3,158
down €3,158 (-10.6%), from €29,804 to €26,646
of which Trade receivables: -€6,616
- Profit (loss) carried forward +€20,000
new in 2025: €20,000
- Tax, wage and social debts +€7,157
up €7,157 (+36.1%), from €19,848 to €27,004
of which Taxes: +€6,357
- Other debts +€1,334
up €1,334 (+4.5%), from €29,851 to €31,185
- Gross operating margin +€30,266
up €30,266 (+76.4%), from €39,595 to €69,861
- Taxes +€3,423
up €3,423 (+35.7%), from €9,595 to €13,017
- Depreciation +€3,391
up €3,391 (+257.3%), from €1,318 to €4,708
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 | €53,115 | €81,636 | +€28,520 | +53.7% |
| Formation expenses | 20 | €584 | - | -€584 | |
| Fixed assets | 21/28 | €14,795 | €23,485 | +€8,689 | +58.7% |
| Tangible fixed assets | 22/27 | €14,795 | €23,485 | +€8,689 | +58.7% |
| Plant, machinery and equipment | 23 | €3,081 | €2,093 | -€988 | -32.1% |
| Furniture and vehicles | 24 | €11,714 | €21,391 | +€9,677 | +82.6% |
| Current assets | 29/58 | €37,736 | €58,151 | +€20,415 | +54.1% |
| Amounts receivable within one year | 40/41 | €29,804 | €26,646 | -€3,158 | -10.6% |
| Trade receivables | 40 | €29,804 | €23,188 | -€6,616 | -22.2% |
| Other amounts receivable | 41 | - | €3,458 | +€3,458 | |
| Cash at bank and in hand | 54/58 | €6,936 | €30,805 | +€23,869 | +344.1% |
| Deferred charges and accrued income | 490/1 | €996 | €700 | -€296 | -29.7% |
| Total equity and liabilities | 10/49 | €53,115 | €81,636 | +€28,520 | +53.7% |
| Equity | 10/15 | €3,000 | €23,000 | +€20,000 | +666.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €20,000 | +€20,000 | |
| Amounts payable | 17/49 | €50,115 | €58,636 | +€8,520 | +17.0% |
| Amounts payable within one year | 42/48 | €50,115 | €58,636 | +€8,520 | +17.0% |
| Trade debts | 44 | €416 | €446 | +€29 | +7.0% |
| Suppliers | 440/4 | €416 | €446 | +€29 | +7.0% |
| Taxes, remuneration and social security | 45 | €19,848 | €27,004 | +€7,157 | +36.1% |
| Taxes | 450/3 | €17,648 | €24,004 | +€6,357 | +36.0% |
| Remuneration and social security | 454/9 | €2,200 | €3,000 | +€800 | +36.4% |
| Other amounts payable | 47/48 | €29,851 | €31,185 | +€1,334 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,318 | €4,708 | +€3,391 | +257.3% |
| Other operating charges | 640/8 | €425 | €873 | +€449 | +105.7% |
| Gross operating margin | 9900 | €39,595 | €69,861 | +€30,266 | +76.4% |
| Operating profit (loss) | 9901 | €37,853 | €64,279 | +€26,426 | +69.8% |
| Financial charges | 65/66B | €20 | €76 | +€56 | +281.2% |
| Recurring financial charges | 65 | €20 | €76 | +€56 | +281.2% |
| Profit (loss) for the period before taxes | 9903 | €37,833 | €64,203 | +€26,370 | +69.7% |
| Income taxes | 67/77 | €9,595 | €13,017 | +€3,423 | +35.7% |
| Profit (loss) for the period | 9904 | €28,238 | €51,185 | +€22,947 | +81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,238 | €51,185 | +€22,947 | +81.3% |
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 12 October 2026 via checked.be.