L S D PROTECT: 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.
What changed
L S D PROTECT
NACE 43.230, Insulation installation
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€371,213
2023 · €46,139+€325,074
Equity
€1.5m
2023 · €1.1m+€331,929
Cash
€829,933
2023 · €816,719+€13,214
Balance sheet total
€1.9m
2023 · €1.5m+€332,264
Largest movements
Assets
- Receivables within one year +€213,562
up €213,562 (+40.2%), from €531,433 to €744,995
of which Trade receivables: +€255,260
- Stocks and contracts +€58,640
up €58,640 (+93.2%), from €62,892 to €121,532
- Tangible fixed assets +€42,323
up €42,323 (+59.2%), from €71,492 to €113,816
of which Furniture and vehicles: +€42,495
Equity and liabilities
- Reserves +€331,929
up €331,929 (+45.0%), from €738,018 to €1.1m
of which Distributable reserves: +€500,269
- Tax, wage and social debts +€117,509
up €117,509 (+215%), from €54,719 to €172,228
of which Taxes: +€117,509
- Trade debts -€89,191
down €89,191 (-61.0%), from €146,133 to €56,943
- Other debts -€69,899
down €69,899 (-33.1%), from €211,489 to €141,590
- Debts after one year +€29,140
new in 2024: €29,140
Income statement
- Gross operating margin +€465,999
up €465,999 (+163%), from €285,592 to €751,590
- Taxes +€142,904
up €142,904 (+228%), from €62,619 to €205,523
- Other operating charges -€10,649
down €10,649 (-64.7%), from €16,471 to €5,822
From the 2023 result to the 2024 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.
Result 2023
€46,139
Gross operating margin
+€465,999
Staff costs
-€4,486
Depreciation
-€3,998
Other operating charges
+€10,649
Other operating items
-€3,547
Financial income
+€5,553
Financial charges
-€2,192
Taxes
-€142,904
Result 2024
€371,213
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€80,853
Investment
-€70,648
Financing
+€3,009
Cash 2023
€816,719
From operations (derived)
+€80,853
Net result for the year
+€371,213
Depreciation
+€28,325
Stocks and contracts
-€58,640
Receivables within one year
-€213,562
Deferred charges and accrued income
-€4,525
Trade debts
-€89,191
Tax, wage and social debts
+€117,509
Other debts
-€69,899
Accrued charges and deferred income
-€378
Investment (derived)
-€70,648
Investment in fixed assets (net)
-€70,648
Financing
+€3,009
Debts after one year
+€29,140
Current portion of long-term debt
+€13,153
Contributions, distributions and other
-€39,284
Cash 2024
€829,933
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,548,878 | €1,881,141 | +€332,264 | +21.5% |
| Fixed assets | 21/28 | €74,434 | €116,758 | +€42,323 | +56.9% |
| Tangible fixed assets | 22/27 | €71,492 | €113,816 | +€42,323 | +59.2% |
| Land and buildings | 22 | €30,280 | €30,280 | = | 0.0% |
| Plant, machinery and equipment | 23 | €16,087 | €16,665 | +€578 | +3.6% |
| Furniture and vehicles | 24 | €24,375 | €66,871 | +€42,495 | +174% |
| Assets under construction and advance payments | 27 | €750 | €0 | -€750 | -100% |
| Financial fixed assets | 28 | €2,942 | €2,942 | = | 0.0% |
| Current assets | 29/58 | €1,474,443 | €1,764,384 | +€289,941 | +19.7% |
| Stocks and contracts in progress | 3 | €62,892 | €121,532 | +€58,640 | +93.2% |
| Stocks | 30/36 | €62,892 | €121,532 | +€58,640 | +93.2% |
| Amounts receivable within one year | 40/41 | €531,433 | €744,995 | +€213,562 | +40.2% |
| Trade receivables | 40 | €455,189 | €710,449 | +€255,260 | +56.1% |
| Other amounts receivable | 41 | €76,244 | €34,546 | -€41,698 | -54.7% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €816,719 | €829,933 | +€13,214 | +1.6% |
| Deferred charges and accrued income | 490/1 | €13,399 | €17,924 | +€4,525 | +33.8% |
| Total equity and liabilities | 10/49 | €1,548,878 | €1,881,141 | +€332,264 | +21.5% |
| Equity | 10/15 | €1,136,158 | €1,468,087 | +€331,929 | +29.2% |
| Contributions | 10/11 | €13,944 | €13,944 | = | 0.0% |
| Reserves | 13 | €738,018 | €1,069,947 | +€331,929 | +45.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €168,340 | €0 | -€168,340 | -100% |
| Distributable reserves | 133 | €569,678 | €1,069,947 | +€500,269 | +87.8% |
| Profit (loss) carried forward | 14 | €384,196 | €384,196 | = | 0.0% |
| Amounts payable | 17/49 | €412,719 | €413,054 | +€335 | +0.1% |
| Amounts payable after more than one year | 17 | - | €29,140 | +€29,140 | |
| Financial debts | 170/4 | - | €29,140 | +€29,140 | |
| Amounts payable within one year | 42/48 | €412,341 | €383,914 | -€28,427 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | - | €13,153 | +€13,153 | |
| Trade debts | 44 | €146,133 | €56,943 | -€89,191 | -61.0% |
| Suppliers | 440/4 | €146,133 | €56,943 | -€89,191 | -61.0% |
| Taxes, remuneration and social security | 45 | €54,719 | €172,228 | +€117,509 | +215% |
| Taxes | 450/3 | €54,719 | €172,228 | +€117,509 | +215% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €211,489 | €141,590 | -€69,899 | -33.1% |
| Accrued charges and deferred income | 492/3 | €378 | €0 | -€378 | -100% |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €147,782 | €152,268 | +€4,486 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,327 | €28,325 | +€3,998 | +16.4% |
| Other operating charges | 640/8 | €16,471 | €5,822 | -€10,649 | -64.7% |
| Non-recurring operating charges | 66A | €764 | €4,311 | +€3,547 | +464% |
| Gross operating margin | 9900 | €285,592 | €751,590 | +€465,999 | +163% |
| Operating profit (loss) | 9901 | €96,248 | €560,865 | +€464,617 | +483% |
| Financial income | 75/76B | €16,555 | €22,108 | +€5,553 | +33.5% |
| Recurring financial income | 75 | €16,555 | €22,108 | +€5,553 | +33.5% |
| Financial charges | 65/66B | €4,044 | €6,237 | +€2,192 | +54.2% |
| Recurring financial charges | 65 | €4,044 | €6,237 | +€2,192 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | €108,758 | €576,736 | +€467,978 | +430% |
| Income taxes | 67/77 | €62,619 | €205,523 | +€142,904 | +228% |
| Profit (loss) for the period | 9904 | €46,139 | €371,213 | +€325,074 | +705% |
| Transfer from tax-exempt reserves | 789 | €92,560 | €168,340 | +€75,780 | +81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €138,699 | €539,553 | +€400,854 | +289% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.