LSVR-TRANSPORT: 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.
LSVR-TRANSPORT
Largest movements
- Cash -€34,624
down €34,624 (-54.9%), from €63,113 to €28,489
mainly Investment in fixed assets (net) (-€69,232) and Receivables within one year (-€32,671)
- Receivables within one year +€32,671
up €32,671 (+50.9%), from €64,244 to €96,915
- Tangible fixed assets +€26,636
up €26,636 (+49.0%), from €54,371 to €81,007
of which Furniture and vehicles: +€50,522
- Reserves +€25,590
up €25,590 (+79.4%), from €32,217 to €57,806
- Tax, wage and social debts -€13,337
down €13,337 (-41.6%), from €32,055 to €18,719
of which Taxes: -€15,622
- Current portion of long-term debt +€12,596
up €12,596 (+51.8%), from €24,329 to €36,926
- Trade debts +€2,142
up €2,142 (+10.1%), from €21,108 to €23,251
- Gross operating margin +€49,784
up €49,784 (+39.7%), from €125,374 to €175,157
- Staff costs +€26,131
up €26,131 (+41.4%), from €63,113 to €89,244
- Depreciation +€25,301
up €25,301 (+146%), from €17,295 to €42,596
- Financial charges +€2,199
up €2,199 (+87.6%), from €2,510 to €4,709
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,729 | €208,276 | +€26,547 | +14.6% |
| Fixed assets | 21/28 | €54,371 | €81,007 | +€26,636 | +49.0% |
| Tangible fixed assets | 22/27 | €54,371 | €81,007 | +€26,636 | +49.0% |
| Furniture and vehicles | 24 | - | €50,522 | +€50,522 | |
| Leasing and similar rights | 25 | €54,371 | €30,485 | -€23,886 | -43.9% |
| Current assets | 29/58 | €127,358 | €127,269 | -€89 | -0.1% |
| Amounts receivable within one year | 40/41 | €64,244 | €96,915 | +€32,671 | +50.9% |
| Trade receivables | 40 | €64,244 | €96,915 | +€32,671 | +50.9% |
| Cash at bank and in hand | 54/58 | €63,113 | €28,489 | -€34,624 | -54.9% |
| Deferred charges and accrued income | 490/1 | - | €1,865 | +€1,865 | |
| Total equity and liabilities | 10/49 | €181,729 | €208,276 | +€26,547 | +14.6% |
| Equity | 10/15 | €37,217 | €62,806 | +€25,590 | +68.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €32,217 | €57,806 | +€25,590 | +79.4% |
| Distributable reserves | 133 | €32,217 | €57,806 | +€25,590 | +79.4% |
| Amounts payable | 17/49 | €144,512 | €145,470 | +€957 | +0.7% |
| Amounts payable after more than one year | 17 | €29,787 | €29,698 | -€90 | -0.3% |
| Financial debts | 170/4 | €29,787 | €29,698 | -€90 | -0.3% |
| Amounts payable within one year | 42/48 | €114,725 | €115,772 | +€1,047 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €24,329 | €36,926 | +€12,596 | +51.8% |
| Trade debts | 44 | €21,108 | €23,251 | +€2,142 | +10.1% |
| Suppliers | 440/4 | €21,108 | €23,251 | +€2,142 | +10.1% |
| Taxes, remuneration and social security | 45 | €32,055 | €18,719 | -€13,337 | -41.6% |
| Taxes | 450/3 | €25,728 | €10,106 | -€15,622 | -60.7% |
| Remuneration and social security | 454/9 | €6,328 | €8,613 | +€2,285 | +36.1% |
| Other amounts payable | 47/48 | €37,232 | €36,877 | -€355 | -1.0% |
| Remuneration, social security and pensions | 62 | €63,113 | €89,244 | +€26,131 | +41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,295 | €42,596 | +€25,301 | +146% |
| Other operating charges | 640/8 | €1,731 | €2,207 | +€476 | +27.5% |
| Non-recurring operating charges | 66A | €3,402 | - | -€3,402 | |
| Gross operating margin | 9900 | €125,374 | €175,157 | +€49,784 | +39.7% |
| Operating profit (loss) | 9901 | €39,832 | €41,110 | +€1,278 | +3.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,510 | €4,709 | +€2,199 | +87.6% |
| Recurring financial charges | 65 | €2,510 | €4,709 | +€2,199 | +87.6% |
| Profit (loss) for the period before taxes | 9903 | €37,323 | €36,401 | -€922 | -2.5% |
| Income taxes | 67/77 | €11,574 | €10,811 | -€762 | -6.6% |
| Profit (loss) for the period | 9904 | €25,749 | €25,590 | -€159 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,749 | €25,590 | -€159 | -0.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.