L.V.T.G.: 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.
L.V.T.G.
Largest movements
- Tangible fixed assets -€7,088
down €7,088 (-16.3%), from €43,495 to €36,407
of which Other tangible fixed assets: -€4,526
- Receivables within one year +€2,742
up €2,742 (+114%), from €2,407 to €5,150
of which Trade receivables: +€1,725
- Deferred charges and accrued income +€555
new in 2024: €555
- Other debts -€6,566
down €6,566 (-12.7%), from €51,689 to €45,123
- Trade debts +€4,054
up €4,054 (+139%), from €2,911 to €6,965
- Profit (loss) carried forward -€1,099
down €1,099 (-4.2%), from -€26,461 to -€27,560
- Turnover -€70,421
no longer reported in 2024 (was €70,421)
- Gross operating margin +€20,533
up €20,533, from -€13,864 to €6,669
- Financial charges -€1,434
down €1,434 (-89.2%), from €1,607 to €173
of which Financial charges: -€1,434
- Other operating charges -€1,068
down €1,068 (-67.8%), from €1,575 to €506
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,139 | €44,529 | -€3,610 | -7.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €43,495 | €36,407 | -€7,088 | -16.3% |
| Tangible fixed assets | 22/27 | €43,495 | €36,407 | -€7,088 | -16.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,104 | €2,542 | -€2,562 | -50.2% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €38,391 | €33,865 | -€4,526 | -11.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €4,644 | €8,122 | +€3,478 | +74.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,407 | €5,150 | +€2,742 | +114% |
| Trade receivables | 40 | €1,896 | €3,621 | +€1,725 | +91.0% |
| Other amounts receivable | 41 | €511 | €1,529 | +€1,018 | +199% |
| Cash at bank and in hand | 54/58 | €2,236 | €2,417 | +€181 | +8.1% |
| Deferred charges and accrued income | 490/1 | - | €555 | +€555 | |
| Total equity and liabilities | 10/49 | €48,139 | €44,529 | -€3,610 | -7.5% |
| Equity | 10/15 | -€6,461 | -€7,560 | -€1,099 | -17.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€26,461 | -€27,560 | -€1,099 | -4.2% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Amounts payable | 17/49 | €54,600 | €52,089 | -€2,511 | -4.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €54,600 | €52,089 | -€2,511 | -4.6% |
| Financial debts | 43 | €0 | - | = | |
| Trade debts | 44 | €2,911 | €6,965 | +€4,054 | +139% |
| Suppliers | 440/4 | €2,911 | €6,965 | +€4,054 | +139% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €51,689 | €45,123 | -€6,566 | -12.7% |
| Turnover | 70 | €70,421 | - | -€70,421 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,088 | €7,088 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,575 | €506 | -€1,068 | -67.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€13,864 | €6,669 | +€20,533 | |
| Operating profit (loss) | 9901 | -€22,527 | -€925 | +€21,601 | +95.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,607 | €173 | -€1,434 | -89.2% |
| Recurring financial charges | 65 | €1,607 | €173 | -€1,434 | -89.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€24,134 | -€1,099 | +€23,035 | +95.4% |
| Profit (loss) for the period | 9904 | -€24,134 | -€1,099 | +€23,035 | +95.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,134 | -€1,099 | +€23,035 | +95.4% |
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 27 October 2026 via checked.be.