LV GROUP: 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.
LV GROUP
Largest movements
- Cash -€14,914
down €14,914 (-57.2%), from €26,052 to €11,138
mainly Receivables within one year (-€11,420) and Investment in fixed assets (net) (-€8,214)
- Receivables within one year +€11,420
up €11,420 (+28.0%), from €40,752 to €52,172
of which Other amounts receivable: +€11,604
- Deferred charges and accrued income +€1,988
new in 2024: €1,988
- Tangible fixed assets +€1,183
up €1,183 (+13.1%), from €9,046 to €10,229
- Stocks and contracts -€965
down €965 (-5.1%), from €18,749 to €17,784
- Profit (loss) carried forward +€2,486
up €2,486 (+3.2%), from €77,848 to €80,334
- Current portion of long-term debt -€2,030
down €2,030 (-28.0%), from €7,254 to €5,224
- Tax, wage and social debts -€1,744
down €1,744 (-52.9%), from €3,297 to €1,553
- Gross operating margin -€4,889
down €4,889 (-25.8%), from €18,920 to €14,031
- Taxes -€2,479
down €2,479 (-41.9%), from €5,923 to €3,444
- Depreciation +€1,832
up €1,832 (+35.2%), from €5,199 to €7,031
- Financial charges -€529
down €529 (-77.1%), from €686 to €157
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 | €94,599 | €93,311 | -€1,288 | -1.4% |
| Fixed assets | 21/28 | €9,046 | €10,229 | +€1,183 | +13.1% |
| Tangible fixed assets | 22/27 | €9,046 | €10,229 | +€1,183 | +13.1% |
| Furniture and vehicles | 24 | €9,046 | €10,229 | +€1,183 | +13.1% |
| Current assets | 29/58 | €85,553 | €83,082 | -€2,471 | -2.9% |
| Stocks and contracts in progress | 3 | €18,749 | €17,784 | -€965 | -5.1% |
| Stocks | 30/36 | €18,749 | €17,784 | -€965 | -5.1% |
| Amounts receivable within one year | 40/41 | €40,752 | €52,172 | +€11,420 | +28.0% |
| Trade receivables | 40 | €34,990 | €34,806 | -€184 | -0.5% |
| Other amounts receivable | 41 | €5,762 | €17,366 | +€11,604 | +201% |
| Cash at bank and in hand | 54/58 | €26,052 | €11,138 | -€14,914 | -57.2% |
| Deferred charges and accrued income | 490/1 | - | €1,988 | +€1,988 | |
| Total equity and liabilities | 10/49 | €94,599 | €93,311 | -€1,288 | -1.4% |
| Equity | 10/15 | €84,048 | €86,534 | +€2,486 | +3.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Profit (loss) carried forward | 14 | €77,848 | €80,334 | +€2,486 | +3.2% |
| Amounts payable | 17/49 | €10,551 | €6,777 | -€3,774 | -35.8% |
| Amounts payable within one year | 42/48 | €10,551 | €6,777 | -€3,774 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €7,254 | €5,224 | -€2,030 | -28.0% |
| Taxes, remuneration and social security | 45 | €3,297 | €1,553 | -€1,744 | -52.9% |
| Taxes | 450/3 | €3,297 | €1,553 | -€1,744 | -52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,199 | €7,031 | +€1,832 | +35.2% |
| Other operating charges | 640/8 | €1,057 | €922 | -€135 | -12.8% |
| Gross operating margin | 9900 | €18,920 | €14,031 | -€4,889 | -25.8% |
| Operating profit (loss) | 9901 | €12,664 | €6,078 | -€6,586 | -52.0% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €686 | €157 | -€529 | -77.1% |
| Recurring financial charges | 65 | €686 | €157 | -€529 | -77.1% |
| Profit (loss) for the period before taxes | 9903 | €11,978 | €5,930 | -€6,048 | -50.5% |
| Income taxes | 67/77 | €5,923 | €3,444 | -€2,479 | -41.9% |
| Profit (loss) for the period | 9904 | €6,055 | €2,486 | -€3,569 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,055 | €2,486 | -€3,569 | -58.9% |
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.