LVT BENELUX PR: 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 BENELUX PR
Largest movements
- Cash -€131,212
down €131,212 (-47.7%), from €275,310 to €144,099
mainly Contributions, distributions and other (-€320,000) and Accrued charges and deferred income (-€30,832)
- Deferred charges and accrued income +€13,419
up €13,419 (+41.3%), from €32,511 to €45,930
- Reserves -€235,000
down €235,000 (-90.4%), from €259,947 to €24,947
of which Distributable reserves: -€235,000
- Other debts +€107,200
new in 2025: €107,200
- Trade debts +€52,078
up €52,078 (+129%), from €40,440 to €92,519
- Accrued charges and deferred income -€30,832
down €30,832 (-99.8%), from €30,904 to €72
- Tax, wage and social debts -€15,779
down €15,779 (-24.6%), from €64,199 to €48,420
of which Remuneration and social security: -€31,750
- Staff costs -€197,846
down €197,846 (-38.2%), from €517,726 to €319,880
- Gross operating margin -€13,175
down €13,175 (-2.9%), from €454,236 to €441,060
- Financial charges -€9,981
down €9,981 (-66.0%), from €15,128 to €5,146
of which Non-recurring financial charges: -€8,143
- Taxes +€9,080
up €9,080 (+1,181%), from €769 to €9,848
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.
Derived cash bridge
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 | €542,686 | €426,552 | -€116,133 | -21.4% |
| Fixed assets | 21/28 | €25,575 | €21,954 | -€3,620 | -14.2% |
| Intangible fixed assets | 21 | €8,142 | €5,267 | -€2,875 | -35.3% |
| Tangible fixed assets | 22/27 | €17,433 | €16,687 | -€745 | -4.3% |
| Furniture and vehicles | 24 | €4,175 | €5,509 | +€1,333 | +31.9% |
| Other tangible fixed assets | 26 | €13,257 | €11,179 | -€2,079 | -15.7% |
| Current assets | 29/58 | €517,111 | €404,598 | -€112,513 | -21.8% |
| Amounts receivable within one year | 40/41 | €209,290 | €214,569 | +€5,279 | +2.5% |
| Trade receivables | 40 | €190,866 | €204,411 | +€13,545 | +7.1% |
| Other amounts receivable | 41 | €18,423 | €10,158 | -€8,266 | -44.9% |
| Cash at bank and in hand | 54/58 | €275,310 | €144,099 | -€131,212 | -47.7% |
| Deferred charges and accrued income | 490/1 | €32,511 | €45,930 | +€13,419 | +41.3% |
| Total equity and liabilities | 10/49 | €542,686 | €426,552 | -€116,133 | -21.4% |
| Equity | 10/15 | €407,142 | €178,342 | -€228,800 | -56.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €259,947 | €24,947 | -€235,000 | -90.4% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €235,000 | - | -€235,000 | |
| Profit (loss) carried forward | 14 | €85,221 | €91,421 | +€6,200 | +7.3% |
| Amounts payable | 17/49 | €135,544 | €248,210 | +€112,667 | +83.1% |
| Amounts payable within one year | 42/48 | €104,639 | €248,138 | +€143,499 | +137% |
| Trade debts | 44 | €40,440 | €92,519 | +€52,078 | +129% |
| Suppliers | 440/4 | €40,440 | €92,519 | +€52,078 | +129% |
| Taxes, remuneration and social security | 45 | €64,199 | €48,420 | -€15,779 | -24.6% |
| Taxes | 450/3 | €1,800 | €17,771 | +€15,970 | +887% |
| Remuneration and social security | 454/9 | €62,399 | €30,649 | -€31,750 | -50.9% |
| Other amounts payable | 47/48 | - | €107,200 | +€107,200 | |
| Accrued charges and deferred income | 492/3 | €30,904 | €72 | -€30,832 | -99.8% |
| Remuneration, social security and pensions | 62 | €517,726 | €319,880 | -€197,846 | -38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,061 | €7,619 | +€558 | +7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€483 | - | +€483 | |
| Other operating charges | 640/8 | €8,703 | €8,262 | -€442 | -5.1% |
| Gross operating margin | 9900 | €454,236 | €441,060 | -€13,175 | -2.9% |
| Operating profit (loss) | 9901 | -€78,772 | €105,299 | +€184,071 | |
| Financial income | 75/76B | €1,596 | €896 | -€700 | -43.9% |
| Recurring financial income | 75 | €1,596 | €896 | -€700 | -43.9% |
| Financial charges | 65/66B | €15,128 | €5,146 | -€9,981 | -66.0% |
| Recurring financial charges | 65 | €6,985 | €5,146 | -€1,838 | -26.3% |
| Non-recurring financial charges | 66B | €8,143 | - | -€8,143 | |
| Profit (loss) for the period before taxes | 9903 | -€92,304 | €101,048 | +€193,352 | |
| Income taxes | 67/77 | €769 | €9,848 | +€9,080 | +1,181% |
| Profit (loss) for the period | 9904 | -€93,073 | €91,200 | +€184,273 | |
| Profit (loss) for the period to be appropriated | 9905 | -€93,073 | €91,200 | +€184,273 |
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 26 October 2026 via checked.be.