LSVV: what changed
Two fiscal 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.
LSVV
Largest movements
- Receivables within one year +€14,620
up €14,620 (+294.4%), from €4,966 to €19,586
of which Trade receivables: +€11,307
- Cash -€11,505
down €11,505 (-65.0%), from €17,693 to €6,188
mainly Other debts (-€19,872) and Receivables within one year (-€14,620)
- Tangible fixed assets -€10,603
down €10,603 (-21.7%), from €48,760 to €38,157
of which Furniture and vehicles: -€8,887
- Other debts -€19,872
down €19,872 (-39.5%), from €50,246 to €30,374
- Reserves +€7,119
up €7,119 (+53.8%), from €13,240 to €20,359
- Trade debts +€4,089
up €4,089 (+164.4%), from €2,488 to €6,577
- Tax, wage and social debts +€1,395
up €1,395 (+42.7%), from €3,264 to €4,660
- Depreciation -€1,782
down €1,782 (-11.0%), from €16,186 to €14,404
- Taxes -€731
down €731 (-27.1%), from €2,695 to €1,964
- Staff costs +€499
new in 2024: €499
- Gross operating margin +€492
up €492 (+2.0%), from €24,187 to €24,679
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.
Cash bridge derived
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 | €71,738 | €64,470 | -€7,268 | -10.1% |
| Fixed assets | 21/28 | €48,760 | €38,157 | -€10,603 | -21.7% |
| Tangible fixed assets | 22/27 | €48,760 | €38,157 | -€10,603 | -21.7% |
| Plant, machinery and equipment | 23 | €5,588 | €3,872 | -€1,715 | -30.7% |
| Furniture and vehicles | 24 | €43,172 | €34,285 | -€8,887 | -20.6% |
| Current assets | 29/58 | €22,979 | €26,313 | +€3,334 | +14.5% |
| Amounts receivable within one year | 40/41 | €4,966 | €19,586 | +€14,620 | +294.4% |
| Trade receivables | 40 | €4,966 | €16,273 | +€11,307 | +227.7% |
| Other amounts receivable | 41 | - | €3,313 | +€3,313 | |
| Cash at bank and in hand | 54/58 | €17,693 | €6,188 | -€11,505 | -65.0% |
| Deferred charges and accrued income | 490/1 | €319 | €539 | +€219 | +68.7% |
| Total equity and liabilities | 10/49 | €71,738 | €64,470 | -€7,268 | -10.1% |
| Equity | 10/15 | €15,740 | €22,859 | +€7,119 | +45.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €13,240 | €20,359 | +€7,119 | +53.8% |
| Distributable reserves | 133 | €13,240 | €20,359 | +€7,119 | +53.8% |
| Amounts payable | 17/49 | €55,998 | €41,611 | -€14,387 | -25.7% |
| Amounts payable within one year | 42/48 | €55,998 | €41,611 | -€14,387 | -25.7% |
| Trade debts | 44 | €2,488 | €6,577 | +€4,089 | +164.4% |
| Suppliers | 440/4 | €2,488 | €6,577 | +€4,089 | +164.4% |
| Taxes, remuneration and social security | 45 | €3,264 | €4,660 | +€1,395 | +42.7% |
| Taxes | 450/3 | €3,264 | €4,660 | +€1,395 | +42.7% |
| Other amounts payable | 47/48 | €50,246 | €30,374 | -€19,872 | -39.5% |
| Remuneration, social security and pensions | 62 | - | €499 | +€499 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,186 | €14,404 | -€1,782 | -11.0% |
| Other operating charges | 640/8 | €798 | €618 | -€180 | -22.6% |
| Non-recurring operating charges | 66A | €600 | - | -€600 | |
| Gross operating margin | 9900 | €24,187 | €24,679 | +€492 | +2.0% |
| Operating profit (loss) | 9901 | €6,604 | €9,158 | +€2,554 | +38.7% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €55 | €75 | +€20 | +36.3% |
| Recurring financial charges | 65 | €55 | €75 | +€20 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €6,553 | €9,083 | +€2,530 | +38.6% |
| Income taxes | 67/77 | €2,695 | €1,964 | -€731 | -27.1% |
| Profit (loss) for the period | 9904 | €3,858 | €7,119 | +€3,261 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,858 | €7,119 | +€3,261 | +84.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.