LRVM: 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.
LRVM
Largest movements
- Receivables within one year -€64,892
down €64,892 (-11.7%), from €555,716 to €490,824
of which Trade receivables: -€44,236
- Stocks and contracts -€33,827
down €33,827 (-31.5%), from €107,319 to €73,492
- Tangible fixed assets +€12,620
up €12,620 (+19.9%), from €63,549 to €76,169
of which Furniture and vehicles: +€18,215
- Tax, wage and social debts -€151,329
down €151,329 (-67.3%), from €224,877 to €73,548
of which Taxes: -€111,768
- Profit (loss) carried forward -€85,644
down €85,644, from €0 to -€85,644
- Current portion of long-term debt +€71,413
new in 2024: €71,413
- Debts after one year +€37,629
up €37,629 (+75.3%), from €50,000 to €87,629
of which Financial debts: +€37,629
- Trade debts +€23,865
up €23,865 (+6.1%), from €393,263 to €417,128
- Gross operating margin -€149,577
down €149,577 (-22.4%), from €666,712 to €517,135
- Staff costs +€83,429
up €83,429 (+17.2%), from €485,412 to €568,841
- Depreciation -€42,488
down €42,488 (-57.9%), from €73,382 to €30,894
- Taxes -€30,402
down €30,402 (-97.3%), from €31,248 to €845
- Financial income +€10,122
up €10,122 (+39.2%), from €25,812 to €35,935
of which Financial income: +€10,122
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 | €956,952 | €855,872 | -€101,081 | -10.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €64,298 | €76,174 | +€11,876 | +18.5% |
| Tangible fixed assets | 22/27 | €63,549 | €76,169 | +€12,620 | +19.9% |
| Plant, machinery and equipment | 23 | €4,223 | €3,203 | -€1,020 | -24.2% |
| Furniture and vehicles | 24 | €10,850 | €29,065 | +€18,215 | +168% |
| Other tangible fixed assets | 26 | €48,477 | €43,901 | -€4,575 | -9.4% |
| Financial fixed assets | 28 | €749 | €5 | -€744 | -99.3% |
| Current assets | 29/58 | €892,654 | €779,697 | -€112,957 | -12.7% |
| Amounts receivable after more than one year | 29 | €180,000 | €180,000 | = | 0.0% |
| Other amounts receivable | 291 | €180,000 | €180,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €107,319 | €73,492 | -€33,827 | -31.5% |
| Stocks | 30/36 | €107,319 | €73,492 | -€33,827 | -31.5% |
| Amounts receivable within one year | 40/41 | €555,716 | €490,824 | -€64,892 | -11.7% |
| Trade receivables | 40 | €326,257 | €282,021 | -€44,236 | -13.6% |
| Other amounts receivable | 41 | €229,459 | €208,804 | -€20,656 | -9.0% |
| Cash at bank and in hand | 54/58 | €42,094 | €35,381 | -€6,713 | -15.9% |
| Deferred charges and accrued income | 490/1 | €7,525 | - | -€7,525 | |
| Total equity and liabilities | 10/49 | €956,952 | €855,872 | -€101,081 | -10.6% |
| Equity | 10/15 | €117,893 | €32,249 | -€85,644 | -72.6% |
| Contributions | 10/11 | €115,800 | €115,800 | = | 0.0% |
| Reserves | 13 | €2,093 | €2,093 | = | 0.0% |
| Distributable reserves | 133 | €2,093 | €2,093 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€85,644 | -€85,644 | |
| Amounts payable | 17/49 | €839,060 | €823,623 | -€15,437 | -1.8% |
| Amounts payable after more than one year | 17 | €50,000 | €87,629 | +€37,629 | +75.3% |
| Financial debts | 170/4 | - | €37,629 | +€37,629 | |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €789,060 | €734,574 | -€54,486 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | - | €71,413 | +€71,413 | |
| Trade debts | 44 | €393,263 | €417,128 | +€23,865 | +6.1% |
| Suppliers | 440/4 | €393,263 | €417,128 | +€23,865 | +6.1% |
| Taxes, remuneration and social security | 45 | €224,877 | €73,548 | -€151,329 | -67.3% |
| Taxes | 450/3 | €125,825 | €14,057 | -€111,768 | -88.8% |
| Remuneration and social security | 454/9 | €99,052 | €59,492 | -€39,561 | -39.9% |
| Other amounts payable | 47/48 | €170,919 | €172,485 | +€1,565 | +0.9% |
| Accrued charges and deferred income | 492/3 | - | €1,420 | +€1,420 | |
| Non-recurring operating income | 76A | - | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | €485,412 | €568,841 | +€83,429 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,382 | €30,894 | -€42,488 | -57.9% |
| Other operating charges | 640/8 | €6,035 | €8,062 | +€2,026 | +33.6% |
| Non-recurring operating charges | 66A | - | €2,998 | +€2,998 | |
| Gross operating margin | 9900 | €666,712 | €517,135 | -€149,577 | -22.4% |
| Operating profit (loss) | 9901 | €101,883 | -€93,660 | -€195,543 | |
| Financial income | 75/76B | €25,812 | €35,935 | +€10,122 | +39.2% |
| Recurring financial income | 75 | €25,812 | €35,935 | +€10,122 | +39.2% |
| Non-recurring financial income | 76B | €25,812 | - | -€25,812 | |
| Financial charges | 65/66B | €28,567 | €27,073 | -€1,494 | -5.2% |
| Recurring financial charges | 65 | €28,567 | €27,073 | -€1,494 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €99,129 | -€84,799 | -€183,927 | |
| Income taxes | 67/77 | €31,248 | €845 | -€30,402 | -97.3% |
| Profit (loss) for the period | 9904 | €67,881 | -€85,644 | -€153,525 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,881 | -€85,644 | -€153,525 |
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 25 October 2026 via checked.be.