LoVID: what changed
LoVID
Largest movements
- Receivables within one year +€11,958
up €11,958 (+14.0%), from €85,356 to €97,314
of which Other amounts receivable: +€17,954
- Cash +€10,263
up €10,263 (+67.2%), from €15,279 to €25,542
mainly Other debts (+€25,033) and Net result for the year (+€24,065)
- Tangible fixed assets +€6,027
up €6,027 (+64.2%), from €9,389 to €15,417
of which Plant, machinery and equipment: +€6,528
- Other debts +€25,033
up €25,033 (+2,914%), from €859 to €25,892
- Tax, wage and social debts +€12,529
up €12,529 (+80.8%), from €15,504 to €28,032
of which Taxes: +€12,920
- Trade debts -€7,413
down €7,413 (-37.2%), from €19,936 to €12,523
- Debts after one year +€6,992
new in 2025: €6,992
- Accrued charges and deferred income -€6,137
no longer reported in 2025 (was €6,137)
- Gross operating margin +€21,049
up €21,049 (+57.5%), from €36,590 to €57,639
- Other operating charges -€10,932
down €10,932 (-49.5%), from €22,064 to €11,131
- Taxes +€9,564
up €9,564 (+199%), from €4,800 to €14,364
- Staff costs -€2,334
down €2,334 (-52.3%), from €4,460 to €2,125
- Depreciation +€2,220
up €2,220 (+69.9%), from €3,176 to €5,396
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,835 | €151,508 | +€28,673 | +23.3% |
| Fixed assets | 21/28 | €11,886 | €17,743 | +€5,856 | +49.3% |
| Intangible fixed assets | 21 | €452 | €281 | -€171 | -37.8% |
| Tangible fixed assets | 22/27 | €9,389 | €15,417 | +€6,027 | +64.2% |
| Plant, machinery and equipment | 23 | €8,889 | €15,417 | +€6,528 | +73.4% |
| Furniture and vehicles | 24 | €500 | - | -€500 | |
| Financial fixed assets | 28 | €2,045 | €2,045 | = | 0.0% |
| Current assets | 29/58 | €110,948 | €133,765 | +€22,817 | +20.6% |
| Stocks and contracts in progress | 3 | €9,577 | €9,577 | = | 0.0% |
| Stocks | 30/36 | €9,577 | €9,577 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €85,356 | €97,314 | +€11,958 | +14.0% |
| Trade receivables | 40 | €35,831 | €29,835 | -€5,996 | -16.7% |
| Other amounts receivable | 41 | €49,525 | €67,479 | +€17,954 | +36.3% |
| Cash at bank and in hand | 54/58 | €15,279 | €25,542 | +€10,263 | +67.2% |
| Deferred charges and accrued income | 490/1 | €735 | €1,331 | +€595 | +80.9% |
| Total equity and liabilities | 10/49 | €122,835 | €151,508 | +€28,673 | +23.3% |
| Equity | 10/15 | €75,695 | €74,727 | -€968 | -1.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,012 | €45,812 | -€4,200 | -8.4% |
| Distributable reserves | 133 | €50,012 | €45,812 | -€4,200 | -8.4% |
| Profit (loss) carried forward | 14 | €13,283 | €16,515 | +€3,232 | +24.3% |
| Amounts payable | 17/49 | €47,140 | €76,780 | +€29,641 | +62.9% |
| Amounts payable after more than one year | 17 | - | €6,992 | +€6,992 | |
| Financial debts | 170/4 | - | €6,992 | +€6,992 | |
| Amounts payable within one year | 42/48 | €41,002 | €69,789 | +€28,786 | +70.2% |
| Current portion of amounts payable after more than one year | 42 | €309 | €3,341 | +€3,032 | +982% |
| Financial debts | 43 | €4,395 | - | -€4,395 | |
| Credit institutions | 430/8 | €4,395 | - | -€4,395 | |
| Trade debts | 44 | €19,936 | €12,523 | -€7,413 | -37.2% |
| Suppliers | 440/4 | €19,936 | €12,523 | -€7,413 | -37.2% |
| Taxes, remuneration and social security | 45 | €15,504 | €28,032 | +€12,529 | +80.8% |
| Taxes | 450/3 | €15,113 | €28,032 | +€12,920 | +85.5% |
| Remuneration and social security | 454/9 | €391 | - | -€391 | |
| Other amounts payable | 47/48 | €859 | €25,892 | +€25,033 | +2,914% |
| Accrued charges and deferred income | 492/3 | €6,137 | - | -€6,137 | |
| Remuneration, social security and pensions | 62 | €4,460 | €2,125 | -€2,334 | -52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,176 | €5,396 | +€2,220 | +69.9% |
| Other operating charges | 640/8 | €22,064 | €11,131 | -€10,932 | -49.5% |
| Gross operating margin | 9900 | €36,590 | €57,639 | +€21,049 | +57.5% |
| Operating profit (loss) | 9901 | €6,890 | €38,987 | +€32,096 | +466% |
| Financial income | 75/76B | €2,001 | €2,339 | +€338 | +16.9% |
| Recurring financial income | 75 | €2,001 | €2,339 | +€338 | +16.9% |
| Financial charges | 65/66B | €2,619 | €2,896 | +€278 | +10.6% |
| Recurring financial charges | 65 | €2,619 | €2,896 | +€278 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €6,273 | €38,429 | +€32,157 | +513% |
| Income taxes | 67/77 | €4,800 | €14,364 | +€9,564 | +199% |
| Profit (loss) for the period | 9904 | €1,472 | €24,065 | +€22,593 | +1,534% |
| Profit (loss) for the period to be appropriated | 9905 | €1,472 | €24,065 | +€22,593 | +1,534% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.