LVT: 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.
LVT
Largest movements
- Receivables within one year +€24,200
up €24,200 (+89.9%), from €26,926 to €51,126
- Tangible fixed assets -€3,212
down €3,212 (-29.4%), from €10,918 to €7,706
- Cash +€1,561
up €1,561 (+47.9%), from €3,259 to €4,820
mainly Net result for the year (+€14,452) and Trade debts (+€6,276)
- Reserves +€14,452
up €14,452 (+128.5%), from €11,248 to €25,700
- Trade debts +€6,276
up €6,276 (+97.4%), from €6,443 to €12,719
- Tax, wage and social debts +€3,143
up €3,143 (+38.9%), from €8,087 to €11,230
- Other debts -€1,047
down €1,047 (-7.3%), from €14,327 to €13,280
- Gross operating margin +€16,128
up €16,128 (+91.1%), from €17,702 to €33,830
- Financial charges +€6,389
up €6,389 (+1899.9%), from €336 to €6,725
- Other operating charges +€3,735
up €3,735 (+546.5%), from €684 to €4,419
- Taxes +€1,549
up €1,549 (+44.2%), from €3,503 to €5,052
- Depreciation +€1,281
up €1,281 (+66.3%), from €1,931 to €3,212
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 | €41,104 | €63,928 | +€22,824 | +55.5% |
| Fixed assets | 21/28 | €10,918 | €7,706 | -€3,212 | -29.4% |
| Tangible fixed assets | 22/27 | €10,918 | €7,706 | -€3,212 | -29.4% |
| Furniture and vehicles | 24 | €10,918 | €7,706 | -€3,212 | -29.4% |
| Current assets | 29/58 | €30,186 | €56,222 | +€26,037 | +86.3% |
| Amounts receivable within one year | 40/41 | €26,926 | €51,126 | +€24,200 | +89.9% |
| Trade receivables | 40 | €26,926 | €51,126 | +€24,200 | +89.9% |
| Cash at bank and in hand | 54/58 | €3,259 | €4,820 | +€1,561 | +47.9% |
| Deferred charges and accrued income | 490/1 | - | €276 | +€276 | |
| Total equity and liabilities | 10/49 | €41,104 | €63,928 | +€22,824 | +55.5% |
| Equity | 10/15 | €12,248 | €26,700 | +€14,452 | +118.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €11,248 | €25,700 | +€14,452 | +128.5% |
| Distributable reserves | 133 | €11,248 | €25,700 | +€14,452 | +128.5% |
| Amounts payable | 17/49 | €28,856 | €37,228 | +€8,372 | +29.0% |
| Amounts payable within one year | 42/48 | €28,856 | €37,228 | +€8,372 | +29.0% |
| Trade debts | 44 | €6,443 | €12,719 | +€6,276 | +97.4% |
| Suppliers | 440/4 | €6,443 | €12,719 | +€6,276 | +97.4% |
| Taxes, remuneration and social security | 45 | €8,087 | €11,230 | +€3,143 | +38.9% |
| Taxes | 450/3 | €8,087 | €11,230 | +€3,143 | +38.9% |
| Other amounts payable | 47/48 | €14,327 | €13,280 | -€1,047 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,931 | €3,212 | +€1,281 | +66.3% |
| Other operating charges | 640/8 | €684 | €4,419 | +€3,735 | +546.5% |
| Gross operating margin | 9900 | €17,702 | €33,830 | +€16,128 | +91.1% |
| Operating profit (loss) | 9901 | €15,087 | €26,199 | +€11,112 | +73.6% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €336 | €6,725 | +€6,389 | +1899.9% |
| Recurring financial charges | 65 | €336 | €6,725 | +€6,389 | +1899.9% |
| Profit (loss) for the period before taxes | 9903 | €14,751 | €19,504 | +€4,753 | +32.2% |
| Income taxes | 67/77 | €3,503 | €5,052 | +€1,549 | +44.2% |
| Profit (loss) for the period | 9904 | €11,248 | €14,452 | +€3,204 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,248 | €14,452 | +€3,204 | +28.5% |
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.