LVTgo: 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.
LVTgo
Largest movements
- Cash +€35,724
up €35,724 (+141.2%), from €25,304 to €61,027
mainly Net result for the year (+€31,491) and Depreciation (+€16,064)
- Intangible fixed assets -€11,000
down €11,000 (-14.7%), from €74,990 to €63,990
- Deferred charges and accrued income -€7,022
down €7,022 (-23.5%), from €29,823 to €22,801
- Tangible fixed assets -€4,365
down €4,365 (-18.1%), from €24,068 to €19,703
of which Other tangible fixed assets: -€2,992
- Receivables within one year -€2,617
down €2,617 (-99.4%), from €2,634 to €17
- Profit (loss) carried forward +€16,491
up €16,491 (+20.8%), from €79,266 to €95,758
- Other debts -€5,495
down €5,495 (-7.4%), from €74,276 to €68,780
- Gross operating margin +€2,716
up €2,716 (+5.1%), from €53,494 to €56,210
- Taxes +€617
up €617 (+8.4%), from €7,366 to €7,983
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 | €156,818 | €167,538 | +€10,719 | +6.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €99,057 | €83,693 | -€15,365 | -15.5% |
| Intangible fixed assets | 21 | €74,990 | €63,990 | -€11,000 | -14.7% |
| Tangible fixed assets | 22/27 | €24,068 | €19,703 | -€4,365 | -18.1% |
| Plant, machinery and equipment | 23 | - | €392 | +€392 | |
| Furniture and vehicles | 24 | €3,410 | €1,645 | -€1,765 | -51.8% |
| Other tangible fixed assets | 26 | €20,658 | €17,666 | -€2,992 | -14.5% |
| Current assets | 29/58 | €57,761 | €83,845 | +€26,084 | +45.2% |
| Amounts receivable within one year | 40/41 | €2,634 | €17 | -€2,617 | -99.4% |
| Other amounts receivable | 41 | €2,634 | €17 | -€2,617 | -99.4% |
| Cash at bank and in hand | 54/58 | €25,304 | €61,027 | +€35,724 | +141.2% |
| Deferred charges and accrued income | 490/1 | €29,823 | €22,801 | -€7,022 | -23.5% |
| Total equity and liabilities | 10/49 | €156,818 | €167,538 | +€10,719 | +6.8% |
| Equity | 10/15 | €82,266 | €98,758 | +€16,491 | +20.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,266 | €95,758 | +€16,491 | +20.8% |
| Amounts payable | 17/49 | €74,552 | €68,780 | -€5,772 | -7.7% |
| Amounts payable within one year | 42/48 | €74,552 | €68,780 | -€5,772 | -7.7% |
| Trade debts | 44 | €276 | - | -€276 | |
| Suppliers | 440/4 | €276 | - | -€276 | |
| Other amounts payable | 47/48 | €74,276 | €68,780 | -€5,495 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,082 | €16,064 | -€19 | -0.1% |
| Other operating charges | 640/8 | €476 | €443 | -€34 | -7.1% |
| Non-recurring operating charges | 66A | - | €43 | +€43 | |
| Gross operating margin | 9900 | €53,494 | €56,210 | +€2,716 | +5.1% |
| Operating profit (loss) | 9901 | €36,935 | €39,660 | +€2,726 | +7.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €172 | €186 | +€14 | +8.0% |
| Recurring financial charges | 65 | €172 | €186 | +€14 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €36,762 | €39,474 | +€2,712 | +7.4% |
| Income taxes | 67/77 | €7,366 | €7,983 | +€617 | +8.4% |
| Profit (loss) for the period | 9904 | €29,396 | €31,491 | +€2,095 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,396 | €31,491 | +€2,095 | +7.1% |
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.