LoVID: 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.
LoVID
Largest movements
- Receivables within one year -€19,009
down €19,009 (-18.2%), from €104,366 to €85,356
of which Trade receivables: -€36,696
- Tangible fixed assets +€5,634
up €5,634 (+150%), from €3,755 to €9,389
of which Plant, machinery and equipment: +€6,853
- Stocks and contracts -€5,552
down €5,552 (-36.7%), from €15,129 to €9,577
- Other debts -€14,474
down €14,474 (-94.4%), from €15,333 to €859
- Tax, wage and social debts -€3,866
down €3,866 (-20.0%), from €19,370 to €15,504
of which Taxes: -€3,965
- Accrued charges and deferred income -€2,825
down €2,825 (-31.5%), from €8,963 to €6,137
- Other operating charges +€18,276
up €18,276 (+482%), from €3,788 to €22,064
- Gross operating margin -€11,966
down €11,966 (-24.6%), from €48,556 to €36,590
- Taxes -€5,286
down €5,286 (-52.4%), from €10,086 to €4,800
- Staff costs -€4,153
down €4,153 (-48.2%), from €8,613 to €4,460
- Financial charges +€1,412
up €1,412 (+117%), from €1,207 to €2,619
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 | €144,150 | €122,835 | -€21,315 | -14.8% |
| Fixed assets | 21/28 | €6,423 | €11,886 | +€5,463 | +85.1% |
| Intangible fixed assets | 21 | €623 | €452 | -€171 | -27.4% |
| Tangible fixed assets | 22/27 | €3,755 | €9,389 | +€5,634 | +150% |
| Plant, machinery and equipment | 23 | €2,036 | €8,889 | +€6,853 | +337% |
| Furniture and vehicles | 24 | €1,719 | €500 | -€1,219 | -70.9% |
| Financial fixed assets | 28 | €2,045 | €2,045 | = | 0.0% |
| Current assets | 29/58 | €137,727 | €110,948 | -€26,779 | -19.4% |
| Stocks and contracts in progress | 3 | €15,129 | €9,577 | -€5,552 | -36.7% |
| Stocks | 30/36 | €15,129 | €9,577 | -€5,552 | -36.7% |
| Amounts receivable within one year | 40/41 | €104,366 | €85,356 | -€19,009 | -18.2% |
| Trade receivables | 40 | €72,528 | €35,831 | -€36,696 | -50.6% |
| Other amounts receivable | 41 | €31,838 | €49,525 | +€17,687 | +55.6% |
| Cash at bank and in hand | 54/58 | €16,497 | €15,279 | -€1,218 | -7.4% |
| Deferred charges and accrued income | 490/1 | €1,735 | €735 | -€999 | -57.6% |
| Total equity and liabilities | 10/49 | €144,150 | €122,835 | -€21,315 | -14.8% |
| Equity | 10/15 | €75,081 | €75,695 | +€613 | +0.8% |
| 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 | €50,012 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €48,152 | €50,012 | +€1,860 | +3.9% |
| Profit (loss) carried forward | 14 | €12,669 | €13,283 | +€613 | +4.8% |
| Amounts payable | 17/49 | €69,068 | €47,140 | -€21,929 | -31.7% |
| Amounts payable after more than one year | 17 | €308 | - | -€308 | |
| Financial debts | 170/4 | €308 | - | -€308 | |
| Amounts payable within one year | 42/48 | €59,798 | €41,002 | -€18,795 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €910 | €309 | -€601 | -66.1% |
| Financial debts | 43 | €4,183 | €4,395 | +€212 | +5.1% |
| Credit institutions | 430/8 | €4,183 | €4,395 | +€212 | +5.1% |
| Trade debts | 44 | €19,086 | €19,936 | +€849 | +4.5% |
| Suppliers | 440/4 | €19,086 | €19,936 | +€849 | +4.5% |
| Advances received on contracts in progress | 46 | €916 | - | -€916 | |
| Taxes, remuneration and social security | 45 | €19,370 | €15,504 | -€3,866 | -20.0% |
| Taxes | 450/3 | €19,077 | €15,113 | -€3,965 | -20.8% |
| Remuneration and social security | 454/9 | €292 | €391 | +€99 | +33.8% |
| Other amounts payable | 47/48 | €15,333 | €859 | -€14,474 | -94.4% |
| Accrued charges and deferred income | 492/3 | €8,963 | €6,137 | -€2,825 | -31.5% |
| Remuneration, social security and pensions | 62 | €8,613 | €4,460 | -€4,153 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,699 | €3,176 | -€523 | -14.1% |
| Other operating charges | 640/8 | €3,788 | €22,064 | +€18,276 | +482% |
| Gross operating margin | 9900 | €48,556 | €36,590 | -€11,966 | -24.6% |
| Operating profit (loss) | 9901 | €32,456 | €6,890 | -€25,566 | -78.8% |
| Financial income | 75/76B | €1,140 | €2,001 | +€861 | +75.5% |
| Recurring financial income | 75 | €1,140 | €2,001 | +€861 | +75.5% |
| Financial charges | 65/66B | €1,207 | €2,619 | +€1,412 | +117% |
| Recurring financial charges | 65 | €1,207 | €2,619 | +€1,412 | +117% |
| Profit (loss) for the period before taxes | 9903 | €32,390 | €6,273 | -€26,117 | -80.6% |
| Income taxes | 67/77 | €10,086 | €4,800 | -€5,286 | -52.4% |
| Profit (loss) for the period | 9904 | €22,304 | €1,472 | -€20,831 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,304 | €1,472 | -€20,831 | -93.4% |
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 16 October 2026 via checked.be.