L.V.VM.: 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.VM.
Largest movements
- Tangible fixed assets -€19,855
down €19,855 (-4.6%), from €427,972 to €408,118
of which Land and buildings: -€16,213
- Stocks and contracts -€18,090
down €18,090 (-9.6%), from €189,344 to €171,254
- Debts after one year -€36,201
down €36,201 (-11.7%), from €309,167 to €272,966
- Tax, wage and social debts +€12,459
up €12,459 (+16.3%), from €76,209 to €88,668
- Other debts -€7,780
no longer reported in 2024 (was €7,780)
- Current portion of long-term debt -€6,623
down €6,623 (-10.9%), from €60,841 to €54,218
- Gross operating margin -€30,648
down €30,648 (-40.5%), from €75,598 to €44,950
- Taxes -€12,410
down €12,410 (-74.2%), from €16,716 to €4,306
- Depreciation +€9,900
up €9,900 (+93.8%), from €10,555 to €20,455
- Financial charges +€3,039
up €3,039 (+26.9%), from €11,303 to €14,342
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 | €640,000 | €599,200 | -€40,800 | -6.4% |
| Fixed assets | 21/28 | €431,458 | €413,003 | -€18,455 | -4.3% |
| Tangible fixed assets | 22/27 | €427,972 | €408,118 | -€19,855 | -4.6% |
| Land and buildings | 22 | €417,275 | €401,062 | -€16,213 | -3.9% |
| Plant, machinery and equipment | 23 | €740 | €592 | -€148 | -20.0% |
| Furniture and vehicles | 24 | €9,957 | €6,463 | -€3,494 | -35.1% |
| Financial fixed assets | 28 | €3,485 | €4,885 | +€1,400 | +40.2% |
| Current assets | 29/58 | €208,542 | €186,197 | -€22,345 | -10.7% |
| Stocks and contracts in progress | 3 | €189,344 | €171,254 | -€18,090 | -9.6% |
| Stocks | 30/36 | €189,344 | €171,254 | -€18,090 | -9.6% |
| Amounts receivable within one year | 40/41 | €6,662 | €5,483 | -€1,179 | -17.7% |
| Trade receivables | 40 | €6,515 | €5,307 | -€1,208 | -18.5% |
| Other amounts receivable | 41 | €146 | €176 | +€30 | +20.3% |
| Cash at bank and in hand | 54/58 | €12,537 | €9,460 | -€3,077 | -24.5% |
| Total equity and liabilities | 10/49 | €640,000 | €599,200 | -€40,800 | -6.4% |
| Equity | 10/15 | €130,807 | €127,753 | -€3,053 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,865 | €86,865 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €85,005 | €85,005 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,341 | €22,288 | -€3,053 | -12.0% |
| Amounts payable | 17/49 | €509,193 | €471,446 | -€37,747 | -7.4% |
| Amounts payable after more than one year | 17 | €309,167 | €272,966 | -€36,201 | -11.7% |
| Financial debts | 170/4 | €309,167 | €272,966 | -€36,201 | -11.7% |
| Amounts payable within one year | 42/48 | €177,597 | €178,030 | +€434 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €60,841 | €54,218 | -€6,623 | -10.9% |
| Financial debts | 43 | €16 | €2,347 | +€2,331 | +14,571% |
| Credit institutions | 430/8 | €16 | €2,347 | +€2,331 | +14,571% |
| Trade debts | 44 | €32,750 | €32,797 | +€47 | +0.1% |
| Suppliers | 440/4 | €32,750 | €32,797 | +€47 | +0.1% |
| Taxes, remuneration and social security | 45 | €76,209 | €88,668 | +€12,459 | +16.3% |
| Taxes | 450/3 | €76,209 | €88,668 | +€12,459 | +16.3% |
| Other amounts payable | 47/48 | €7,780 | - | -€7,780 | |
| Accrued charges and deferred income | 492/3 | €22,430 | €20,450 | -€1,979 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,555 | €20,455 | +€9,900 | +93.8% |
| Other operating charges | 640/8 | €8,593 | €8,909 | +€316 | +3.7% |
| Gross operating margin | 9900 | €75,598 | €44,950 | -€30,648 | -40.5% |
| Operating profit (loss) | 9901 | €56,449 | €15,586 | -€40,863 | -72.4% |
| Financial income | 75/76B | €6 | €8 | +€2 | +40.4% |
| Recurring financial income | 75 | €6 | €8 | +€2 | +40.4% |
| Financial charges | 65/66B | €11,303 | €14,342 | +€3,039 | +26.9% |
| Recurring financial charges | 65 | €11,303 | €14,342 | +€3,039 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | €45,152 | €1,253 | -€43,900 | -97.2% |
| Income taxes | 67/77 | €16,716 | €4,306 | -€12,410 | -74.2% |
| Profit (loss) for the period | 9904 | €28,436 | -€3,053 | -€31,490 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,436 | -€3,053 | -€31,490 |
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 15 October 2026 via checked.be.