LVMB: 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.
LVMB
Largest movements
- Tangible fixed assets -€6,804
down €6,804 (-40.5%), from €16,787 to €9,982
of which Other tangible fixed assets: -€4,763
- Cash +€6,436
up €6,436 (+4.8%), from €133,615 to €140,051
mainly Net result for the year (+€176,582) and Other debts (+€176,481)
- Receivables within one year +€6,159
up €6,159 (+18.4%), from €33,560 to €39,719
of which Other amounts receivable: +€8,359
- Other debts +€176,481
up €176,481 (+175,011%), from €101 to €176,582
- Reserves -€168,651
down €168,651 (-100%), from €168,651 to €0
- Debts after one year -€2,009
down €2,009 (-19.6%), from €10,233 to €8,224
- Gross operating margin +€11,465
up €11,465 (+4.8%), from €237,588 to €249,052
- Taxes +€3,256
up €3,256 (+6.3%), from €52,006 to €55,262
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 | €183,961 | €189,752 | +€5,790 | +3.1% |
| Fixed assets | 21/28 | €16,787 | €9,982 | -€6,804 | -40.5% |
| Tangible fixed assets | 22/27 | €16,787 | €9,982 | -€6,804 | -40.5% |
| Furniture and vehicles | 24 | €10,549 | €8,509 | -€2,041 | -19.3% |
| Other tangible fixed assets | 26 | €6,237 | €1,474 | -€4,763 | -76.4% |
| Current assets | 29/58 | €167,175 | €179,769 | +€12,595 | +7.5% |
| Amounts receivable within one year | 40/41 | €33,560 | €39,719 | +€6,159 | +18.4% |
| Trade receivables | 40 | €2,200 | €0 | -€2,200 | -100% |
| Other amounts receivable | 41 | €31,360 | €39,719 | +€8,359 | +26.7% |
| Cash at bank and in hand | 54/58 | €133,615 | €140,051 | +€6,436 | +4.8% |
| Total equity and liabilities | 10/49 | €183,961 | €189,752 | +€5,790 | +3.1% |
| Equity | 10/15 | €171,151 | €2,500 | -€168,651 | -98.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €168,651 | €0 | -€168,651 | -100% |
| Distributable reserves | 133 | €168,651 | €0 | -€168,651 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,810 | €187,252 | +€174,441 | +1,362% |
| Amounts payable after more than one year | 17 | €10,233 | €8,224 | -€2,009 | -19.6% |
| Financial debts | 170/4 | €10,233 | €8,224 | -€2,009 | -19.6% |
| Amounts payable within one year | 42/48 | €2,578 | €179,028 | +€176,450 | +6,845% |
| Current portion of amounts payable after more than one year | 42 | €1,990 | €2,009 | +€19 | +0.9% |
| Trade debts | 44 | €444 | €437 | -€6 | -1.5% |
| Suppliers | 440/4 | €444 | €437 | -€6 | -1.5% |
| Taxes, remuneration and social security | 45 | €43 | €0 | -€43 | -100% |
| Taxes | 450/3 | €43 | €0 | -€43 | -100% |
| Other amounts payable | 47/48 | €101 | €176,582 | +€176,481 | +175,011% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,922 | €18,147 | +€1,225 | +7.2% |
| Other operating charges | 640/8 | €898 | €856 | -€42 | -4.7% |
| Gross operating margin | 9900 | €237,588 | €249,052 | +€11,465 | +4.8% |
| Operating profit (loss) | 9901 | €219,767 | €230,049 | +€10,282 | +4.7% |
| Financial income | 75/76B | €1,323 | €2,021 | +€698 | +52.8% |
| Recurring financial income | 75 | €1,323 | €2,021 | +€698 | +52.8% |
| Financial charges | 65/66B | €433 | €226 | -€207 | -47.8% |
| Recurring financial charges | 65 | €433 | €226 | -€207 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €220,656 | €231,844 | +€11,187 | +5.1% |
| Income taxes | 67/77 | €52,006 | €55,262 | +€3,256 | +6.3% |
| Profit (loss) for the period | 9904 | €168,651 | €176,582 | +€7,931 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €168,651 | €176,582 | +€7,931 | +4.7% |
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 22 October 2026 via checked.be.