LVVo: 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.
LVVo
Largest movements
- Receivables within one year -€16,176
down €16,176 (-35.7%), from €45,363 to €29,187
of which Trade receivables: -€17,369
- Cash -€13,100
down €13,100 (-30.6%), from €42,835 to €29,735
mainly Tax, wage and social debts (-€20,453) and Other debts (-€15,208)
- Intangible fixed assets -€3,075
down €3,075 (-32.1%), from €9,567 to €6,492
- Tangible fixed assets +€1,253
up €1,253 (+31.1%), from €4,028 to €5,281
- Tax, wage and social debts -€20,453
down €20,453 (-70.4%), from €29,035 to €8,582
- Other debts -€15,208
down €15,208 (-67.7%), from €22,449 to €7,241
- Trade debts +€4,645
up €4,645 (+23.8%), from €19,495 to €24,140
- Turnover -€51,819
down €51,819 (-15.9%), from €326,785 to €274,966
- Purchases and services -€44,948
down €44,948 (-14.2%), from €315,721 to €270,773
- Gross operating margin -€6,727
down €6,727 (-49.8%), from €13,519 to €6,792
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 | €102,043 | €70,945 | -€31,098 | -30.5% |
| Fixed assets | 21/28 | €13,845 | €12,023 | -€1,822 | -13.2% |
| Intangible fixed assets | 21 | €9,567 | €6,492 | -€3,075 | -32.1% |
| Tangible fixed assets | 22/27 | €4,028 | €5,281 | +€1,253 | +31.1% |
| Furniture and vehicles | 24 | €4,028 | €5,281 | +€1,253 | +31.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €88,198 | €58,922 | -€29,276 | -33.2% |
| Amounts receivable within one year | 40/41 | €45,363 | €29,187 | -€16,176 | -35.7% |
| Trade receivables | 40 | €45,363 | €27,994 | -€17,369 | -38.3% |
| Other amounts receivable | 41 | - | €1,193 | +€1,193 | |
| Cash at bank and in hand | 54/58 | €42,835 | €29,735 | -€13,100 | -30.6% |
| Total equity and liabilities | 10/49 | €102,043 | €70,945 | -€31,098 | -30.5% |
| Equity | 10/15 | €31,064 | €30,982 | -€82 | -0.3% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,064 | €22,982 | -€82 | -0.4% |
| Amounts payable | 17/49 | €70,979 | €39,963 | -€31,016 | -43.7% |
| Amounts payable within one year | 42/48 | €70,979 | €39,963 | -€31,016 | -43.7% |
| Trade debts | 44 | €19,495 | €24,140 | +€4,645 | +23.8% |
| Suppliers | 440/4 | €19,495 | €24,140 | +€4,645 | +23.8% |
| Taxes, remuneration and social security | 45 | €29,035 | €8,582 | -€20,453 | -70.4% |
| Taxes | 450/3 | €29,035 | €8,582 | -€20,453 | -70.4% |
| Other amounts payable | 47/48 | €22,449 | €7,241 | -€15,208 | -67.7% |
| Turnover | 70 | €326,785 | €274,966 | -€51,819 | -15.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €315,721 | €270,773 | -€44,948 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,369 | €5,312 | +€943 | +21.6% |
| Other operating charges | 640/8 | €70 | €70 | = | 0.0% |
| Gross operating margin | 9900 | €13,519 | €6,792 | -€6,727 | -49.8% |
| Operating profit (loss) | 9901 | €9,080 | €1,410 | -€7,670 | -84.5% |
| Financial income | 75/76B | €9 | €8 | -€1 | -11.1% |
| Recurring financial income | 75 | €9 | €8 | -€1 | -11.1% |
| Financial charges | 65/66B | €410 | €94 | -€316 | -77.1% |
| Recurring financial charges | 65 | €410 | €94 | -€316 | -77.1% |
| Profit (loss) for the period before taxes | 9903 | €8,679 | €1,324 | -€7,355 | -84.7% |
| Income taxes | 67/77 | €3,206 | €1,406 | -€1,800 | -56.1% |
| Profit (loss) for the period | 9904 | €5,473 | -€82 | -€5,555 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,473 | -€82 | -€5,555 |
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 15 October 2026 via checked.be.