LV OUVRAGE: 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 OUVRAGE
Largest movements
- Cash -€58,549
no longer reported in 2024 (was €58,549)
mainly Trade debts (-€51,380) and Investment in fixed assets (net) (-€19,287)
- Receivables within one year -€14,375
down €14,375 (-16.4%), from €87,613 to €73,238
of which Trade receivables: -€14,360
- Current investments +€13,693
new in 2024: €13,693
- Trade debts -€51,380
down €51,380 (-39.7%), from €129,445 to €78,065
- Debts after one year -€12,771
down €12,771 (-56.6%), from €22,571 to €9,800
- Profit (loss) carried forward +€6,983
up €6,983 (+31.2%), from €22,348 to €29,330
- Other debts +€2,772
up €2,772 (+233%), from €1,191 to €3,963
- Tax, wage and social debts -€2,744
down €2,744 (-56.7%), from €4,842 to €2,098
of which Taxes: -€3,141
- Turnover +€40,564
up €40,564 (+8.6%), from €470,169 to €510,733
- Gross operating margin -€36,610
down €36,610 (-78.5%), from €46,662 to €10,052
- Depreciation -€17,213
down €17,213 (-47.5%), from €36,269 to €19,056
- Financial income +€15,988
up €15,988 (+866%), from €1,845 to €17,833
of which Non-recurring financial income: +€17,833
- Taxes -€7,089
down €7,089 (-97.5%), from €7,274 to €185
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 | €194,069 | €136,967 | -€57,102 | -29.4% |
| Fixed assets | 21/28 | €47,277 | €47,508 | +€231 | +0.5% |
| Tangible fixed assets | 22/27 | €12,727 | €12,958 | +€231 | +1.8% |
| Furniture and vehicles | 24 | €1,422 | €1,749 | +€327 | +23.0% |
| Other tangible fixed assets | 26 | €11,305 | €11,209 | -€96 | -0.9% |
| Financial fixed assets | 28 | €34,550 | €34,550 | = | 0.0% |
| Current assets | 29/58 | €146,792 | €89,460 | -€57,332 | -39.1% |
| Amounts receivable within one year | 40/41 | €87,613 | €73,238 | -€14,375 | -16.4% |
| Trade receivables | 40 | €46,229 | €31,869 | -€14,360 | -31.1% |
| Other amounts receivable | 41 | €41,385 | €41,370 | -€15 | 0.0% |
| Current investments | 50/53 | - | €13,693 | +€13,693 | |
| Cash at bank and in hand | 54/58 | €58,549 | - | -€58,549 | |
| Deferred charges and accrued income | 490/1 | €630 | €2,528 | +€1,898 | +301% |
| Total equity and liabilities | 10/49 | €194,069 | €136,967 | -€57,102 | -29.4% |
| Equity | 10/15 | €28,548 | €35,530 | +€6,983 | +24.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,348 | €29,330 | +€6,983 | +31.2% |
| Amounts payable | 17/49 | €165,521 | €101,437 | -€64,084 | -38.7% |
| Amounts payable after more than one year | 17 | €22,571 | €9,800 | -€12,771 | -56.6% |
| Financial debts | 170/4 | €22,571 | €9,800 | -€12,771 | -56.6% |
| Amounts payable within one year | 42/48 | €142,950 | €91,637 | -€51,314 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €7,473 | €7,510 | +€38 | +0.5% |
| Trade debts | 44 | €129,445 | €78,065 | -€51,380 | -39.7% |
| Suppliers | 440/4 | €129,445 | €78,065 | -€51,380 | -39.7% |
| Taxes, remuneration and social security | 45 | €4,842 | €2,098 | -€2,744 | -56.7% |
| Taxes | 450/3 | €4,639 | €1,498 | -€3,141 | -67.7% |
| Remuneration and social security | 454/9 | €203 | €600 | +€397 | +196% |
| Other amounts payable | 47/48 | €1,191 | €3,963 | +€2,772 | +233% |
| Turnover | 70 | €470,169 | €510,733 | +€40,564 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,269 | €19,056 | -€17,213 | -47.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €756 | +€756 | |
| Other operating charges | 640/8 | €1,405 | €905 | -€500 | -35.6% |
| Gross operating margin | 9900 | €46,662 | €10,052 | -€36,610 | -78.5% |
| Operating profit (loss) | 9901 | €8,988 | -€10,666 | -€19,654 | |
| Financial income | 75/76B | €1,845 | €17,833 | +€15,988 | +866% |
| Recurring financial income | 75 | €1,845 | €0 | -€1,845 | -100.0% |
| Non-recurring financial income | 76B | - | €17,833 | +€17,833 | |
| Financial charges | 65/66B | €1,875 | - | -€1,875 | |
| Recurring financial charges | 65 | €1,875 | - | -€1,875 | |
| Profit (loss) for the period before taxes | 9903 | €8,959 | €7,168 | -€1,791 | -20.0% |
| Income taxes | 67/77 | €7,274 | €185 | -€7,089 | -97.5% |
| Profit (loss) for the period | 9904 | €1,685 | €6,983 | +€5,298 | +314% |
| Profit (loss) for the period to be appropriated | 9905 | €1,685 | €6,983 | +€5,298 | +314% |
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.