LVT: 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.
LVT
Largest movements
- Cash -€22,175
down €22,175 (-56.7%), from €39,104 to €16,929
mainly Contributions, distributions and other (-€45,000) and Other debts (-€15,219)
- Deferred charges and accrued income -€4,011
down €4,011 (-24.3%), from €16,493 to €12,482
- Tangible fixed assets +€2,297
new in 2025: €2,297
- Receivables within one year -€2,208
down €2,208 (-10.0%), from €22,105 to €19,898
of which Other amounts receivable: -€1,168
- Other debts -€15,219
down €15,219 (-85.8%), from €17,728 to €2,509
- Reserves -€12,703
down €12,703 (-26.8%), from €47,476 to €34,773
- Accrued charges and deferred income +€1,808
up €1,808 (+100.6%), from €1,797 to €3,605
- Gross operating margin +€36,145
up €36,145 (+361.8%), from €9,990 to €46,135
- Taxes +€7,461
up €7,461 (+297.8%), from €2,505 to €9,966
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 | €78,007 | €51,910 | -€26,097 | -33.5% |
| Fixed assets | 21/28 | €305 | €2,602 | +€2,297 | +753.4% |
| Tangible fixed assets | 22/27 | - | €2,297 | +€2,297 | |
| Other tangible fixed assets | 26 | - | €2,297 | +€2,297 | |
| Financial fixed assets | 28 | €305 | €305 | = | 0.0% |
| Current assets | 29/58 | €77,702 | €49,309 | -€28,394 | -36.5% |
| Amounts receivable within one year | 40/41 | €22,105 | €19,898 | -€2,208 | -10.0% |
| Trade receivables | 40 | €20,090 | €19,050 | -€1,040 | -5.2% |
| Other amounts receivable | 41 | €2,016 | €848 | -€1,168 | -57.9% |
| Cash at bank and in hand | 54/58 | €39,104 | €16,929 | -€22,175 | -56.7% |
| Deferred charges and accrued income | 490/1 | €16,493 | €12,482 | -€4,011 | -24.3% |
| Total equity and liabilities | 10/49 | €78,007 | €51,910 | -€26,097 | -33.5% |
| Equity | 10/15 | €48,476 | €35,773 | -€12,703 | -26.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €47,476 | €34,773 | -€12,703 | -26.8% |
| Distributable reserves | 133 | €47,476 | €34,773 | -€12,703 | -26.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €29,531 | €16,137 | -€13,394 | -45.4% |
| Amounts payable within one year | 42/48 | €27,735 | €12,533 | -€15,202 | -54.8% |
| Trade debts | 44 | €6,830 | €7,048 | +€218 | +3.2% |
| Suppliers | 440/4 | €6,830 | €7,048 | +€218 | +3.2% |
| Taxes, remuneration and social security | 45 | €3,177 | €2,976 | -€201 | -6.3% |
| Taxes | 450/3 | €660 | €459 | -€201 | -30.4% |
| Remuneration and social security | 454/9 | €2,516 | €2,516 | = | 0.0% |
| Other amounts payable | 47/48 | €17,728 | €2,509 | -€15,219 | -85.8% |
| Accrued charges and deferred income | 492/3 | €1,797 | €3,605 | +€1,808 | +100.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €22 | +€22 | |
| Other operating charges | 640/8 | €740 | €577 | -€163 | -22.0% |
| Gross operating margin | 9900 | €9,990 | €46,135 | +€36,145 | +361.8% |
| Operating profit (loss) | 9901 | €9,250 | €45,535 | +€36,285 | +392.3% |
| Financial income | 75/76B | €277 | €308 | +€30 | +11.0% |
| Recurring financial income | 75 | €277 | €308 | +€30 | +11.0% |
| Financial charges | 65/66B | €3,204 | €3,580 | +€376 | +11.7% |
| Recurring financial charges | 65 | €3,204 | €3,580 | +€376 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €6,324 | €42,263 | +€35,940 | +568.4% |
| Income taxes | 67/77 | €2,505 | €9,966 | +€7,461 | +297.8% |
| Profit (loss) for the period | 9904 | €3,818 | €32,297 | +€28,479 | +745.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,818 | €32,297 | +€28,479 | +745.8% |
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 6 October 2026 via checked.be.