LVX: 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.
LVX
Largest movements
- Deferred charges and accrued income +€32,471
up €32,471 (+510.6%), from €6,360 to €38,831
- Receivables within one year -€20,200
down €20,200 (-53.6%), from €37,685 to €17,485
of which Other amounts receivable: -€28,807
- Tangible fixed assets -€5,628
down €5,628 (-77.9%), from €7,228 to €1,600
- Other debts +€25,045
new in 2025: €25,045
- Reserves -€23,200
down €23,200 (-5.3%), from €434,300 to €411,100
- Trade debts +€20,513
up €20,513 (+252.6%), from €8,121 to €28,634
- Tax, wage and social debts -€9,721
down €9,721 (-32.0%), from €30,371 to €20,650
of which Remuneration and social security: -€8,521
- Gross operating margin -€102,596
down €102,596 (-37.4%), from €274,327 to €171,731
- Financial charges +€81,124
up €81,124 (+17939.8%), from €452 to €81,576
- Taxes -€44,243
down €44,243 (-78.9%), from €56,101 to €11,858
- Staff costs -€11,669
down €11,669 (-14.3%), from €81,652 to €69,982
- Depreciation -€2,814
down €2,814 (-33.3%), from €8,442 to €5,628
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 | €554,748 | €562,681 | +€7,933 | +1.4% |
| Fixed assets | 21/28 | €9,728 | €4,100 | -€5,628 | -57.9% |
| Tangible fixed assets | 22/27 | €7,228 | €1,600 | -€5,628 | -77.9% |
| Furniture and vehicles | 24 | €7,228 | €1,600 | -€5,628 | -77.9% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €545,020 | €558,582 | +€13,561 | +2.5% |
| Amounts receivable after more than one year | 29 | €100,745 | €100,000 | -€745 | -0.7% |
| Other amounts receivable | 291 | €100,745 | €100,000 | -€745 | -0.7% |
| Amounts receivable within one year | 40/41 | €37,685 | €17,485 | -€20,200 | -53.6% |
| Trade receivables | 40 | €8,878 | €17,485 | +€8,607 | +96.9% |
| Other amounts receivable | 41 | €28,807 | - | -€28,807 | |
| Current investments | 50/53 | €8,892 | €8,892 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €391,339 | €393,374 | +€2,035 | +0.5% |
| Deferred charges and accrued income | 490/1 | €6,360 | €38,831 | +€32,471 | +510.6% |
| Total equity and liabilities | 10/49 | €554,748 | €562,681 | +€7,933 | +1.4% |
| Equity | 10/15 | €511,150 | €488,352 | -€22,798 | -4.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €434,300 | €411,100 | -€23,200 | -5.3% |
| Distributable reserves | 133 | €434,300 | €411,100 | -€23,200 | -5.3% |
| Profit (loss) carried forward | 14 | €56,850 | €57,252 | +€402 | +0.7% |
| Amounts payable | 17/49 | €43,598 | €74,329 | +€30,731 | +70.5% |
| Amounts payable within one year | 42/48 | €38,492 | €74,329 | +€35,837 | +93.1% |
| Trade debts | 44 | €8,121 | €28,634 | +€20,513 | +252.6% |
| Suppliers | 440/4 | €8,121 | €28,634 | +€20,513 | +252.6% |
| Taxes, remuneration and social security | 45 | €30,371 | €20,650 | -€9,721 | -32.0% |
| Taxes | 450/3 | €19,153 | €17,952 | -€1,200 | -6.3% |
| Remuneration and social security | 454/9 | €11,218 | €2,698 | -€8,521 | -76.0% |
| Other amounts payable | 47/48 | - | €25,045 | +€25,045 | |
| Accrued charges and deferred income | 492/3 | €5,106 | - | -€5,106 | |
| Non-recurring operating income | 76A | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €81,652 | €69,982 | -€11,669 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,442 | €5,628 | -€2,814 | -33.3% |
| Other operating charges | 640/8 | €4,122 | €5,613 | +€1,490 | +36.2% |
| Gross operating margin | 9900 | €274,327 | €171,731 | -€102,596 | -37.4% |
| Operating profit (loss) | 9901 | €180,111 | €90,508 | -€89,603 | -49.7% |
| Financial income | 75/76B | €7,235 | €7,328 | +€93 | +1.3% |
| Recurring financial income | 75 | €7,235 | €7,328 | +€93 | +1.3% |
| Financial charges | 65/66B | €452 | €81,576 | +€81,124 | +17939.8% |
| Recurring financial charges | 65 | €452 | €81,576 | +€81,124 | +17939.8% |
| Profit (loss) for the period before taxes | 9903 | €186,894 | €16,260 | -€170,633 | -91.3% |
| Income taxes | 67/77 | €56,101 | €11,858 | -€44,243 | -78.9% |
| Profit (loss) for the period | 9904 | €130,792 | €4,402 | -€126,390 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €130,792 | €4,402 | -€126,390 | -96.6% |
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 2 October 2026 via checked.be.