LVZ Services: 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.
LVZ Services
Largest movements
- Receivables within one year -€63,101
down €63,101 (-67.7%), from €93,195 to €30,094
of which Trade receivables: -€67,834
- Tangible fixed assets +€9,135
up €9,135 (+210%), from €4,342 to €13,477
of which Furniture and vehicles: +€9,715
- Cash +€6,884
up €6,884 (+23.0%), from €29,966 to €36,849
mainly Receivables within one year (+€63,101) and Debts after one year (+€11,025)
- Advances received -€46,649
no longer reported in 2025 (was €46,649)
- Profit (loss) carried forward -€18,390
down €18,390, from €13,852 to -€4,538
- Debts after one year +€11,025
new in 2025: €11,025
- Trade debts +€4,079
up €4,079 (+7.9%), from €51,673 to €55,752
- Current portion of long-term debt +€3,153
new in 2025: €3,153
- Gross operating margin -€35,147
down €35,147, from €26,042 to -€9,105
- Depreciation +€3,512
up €3,512 (+250%), from €1,402 to €4,915
- Taxes +€3,390
new in 2025: €3,390
- Financial charges +€760
up €760 (+1,037%), from €73 to €833
- Other operating charges -€566
down €566 (-79.2%), from €715 to €149
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 | €127,503 | €80,720 | -€46,783 | -36.7% |
| Fixed assets | 21/28 | €4,342 | €13,777 | +€9,435 | +217% |
| Tangible fixed assets | 22/27 | €4,342 | €13,477 | +€9,135 | +210% |
| Plant, machinery and equipment | 23 | €2,320 | €1,740 | -€580 | -25.0% |
| Furniture and vehicles | 24 | €2,022 | €11,737 | +€9,715 | +480% |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €123,161 | €66,943 | -€56,218 | -45.6% |
| Amounts receivable within one year | 40/41 | €93,195 | €30,094 | -€63,101 | -67.7% |
| Trade receivables | 40 | €89,649 | €21,815 | -€67,834 | -75.7% |
| Other amounts receivable | 41 | €3,546 | €8,279 | +€4,733 | +133% |
| Cash at bank and in hand | 54/58 | €29,966 | €36,849 | +€6,884 | +23.0% |
| Total equity and liabilities | 10/49 | €127,503 | €80,720 | -€46,783 | -36.7% |
| Equity | 10/15 | €15,852 | -€2,538 | -€18,390 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,852 | -€4,538 | -€18,390 | |
| Amounts payable | 17/49 | €111,651 | €83,258 | -€28,393 | -25.4% |
| Amounts payable after more than one year | 17 | - | €11,025 | +€11,025 | |
| Financial debts | 170/4 | - | €11,025 | +€11,025 | |
| Amounts payable within one year | 42/48 | €111,651 | €72,234 | -€39,417 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | - | €3,153 | +€3,153 | |
| Trade debts | 44 | €51,673 | €55,752 | +€4,079 | +7.9% |
| Suppliers | 440/4 | €51,673 | €55,752 | +€4,079 | +7.9% |
| Advances received on contracts in progress | 46 | €46,649 | - | -€46,649 | |
| Other amounts payable | 47/48 | €13,329 | €13,329 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,402 | €4,915 | +€3,512 | +250% |
| Other operating charges | 640/8 | €715 | €149 | -€566 | -79.2% |
| Gross operating margin | 9900 | €26,042 | -€9,105 | -€35,147 | |
| Operating profit (loss) | 9901 | €23,925 | -€14,169 | -€38,094 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,557% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,557% |
| Financial charges | 65/66B | €73 | €833 | +€760 | +1,037% |
| Recurring financial charges | 65 | €73 | €833 | +€760 | +1,037% |
| Profit (loss) for the period before taxes | 9903 | €23,852 | -€15,000 | -€38,852 | |
| Income taxes | 67/77 | - | €3,390 | +€3,390 | |
| Profit (loss) for the period | 9904 | €23,852 | -€18,390 | -€42,242 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,852 | -€18,390 | -€42,242 |
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 24 October 2026 via checked.be.