LV TECHNICS: 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.
LV TECHNICS
Largest movements
- Stocks and contracts -€260,902
down €260,902 (-56.9%), from €458,599 to €197,697
- Receivables within one year -€211,142
down €211,142 (-38.8%), from €544,490 to €333,348
of which Trade receivables: -€121,889
- Tangible fixed assets -€41,181
down €41,181 (-16.2%), from €254,959 to €213,778
- Profit (loss) carried forward -€457,825
down €457,825 (-119.4%), from -€383,361 to -€841,186
- Other debts -€120,122
down €120,122 (-26.1%), from €460,000 to €339,877
- Tax, wage and social debts +€96,317
up €96,317 (+47.2%), from €204,108 to €300,425
of which Taxes: +€93,040
- Debts after one year -€24,214
down €24,214 (-100.0%), from €24,214 to €0
- Gross operating margin -€349,834
down €349,834 (-48.8%), from €717,586 to €367,752
- Staff costs -€141,801
down €141,801 (-15.7%), from €903,664 to €761,863
- Depreciation +€19,549
up €19,549 (+65.4%), from €29,901 to €49,450
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,268,434 | €746,940 | -€521,494 | -41.1% |
| Fixed assets | 21/28 | €263,228 | €213,778 | -€49,450 | -18.8% |
| Intangible fixed assets | 21 | €8,269 | €0 | -€8,269 | -100.0% |
| Tangible fixed assets | 22/27 | €254,959 | €213,778 | -€41,181 | -16.2% |
| Land and buildings | 22 | €20,033 | €0 | -€20,033 | -100.0% |
| Plant, machinery and equipment | 23 | €30,048 | €29,388 | -€660 | -2.2% |
| Furniture and vehicles | 24 | €204,879 | €184,390 | -€20,489 | -10.0% |
| Current assets | 29/58 | €1,005,206 | €533,162 | -€472,044 | -47.0% |
| Stocks and contracts in progress | 3 | €458,599 | €197,697 | -€260,902 | -56.9% |
| Stocks | 30/36 | €458,599 | €197,697 | -€260,902 | -56.9% |
| Amounts receivable within one year | 40/41 | €544,490 | €333,348 | -€211,142 | -38.8% |
| Trade receivables | 40 | €453,418 | €331,529 | -€121,889 | -26.9% |
| Other amounts receivable | 41 | €91,072 | €1,819 | -€89,253 | -98.0% |
| Deferred charges and accrued income | 490/1 | €2,117 | €2,117 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,268,434 | €746,940 | -€521,494 | -41.1% |
| Equity | 10/15 | -€91,713 | -€549,538 | -€457,825 | -499.2% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €167,701 | €167,701 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €155,307 | €155,307 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€383,361 | -€841,186 | -€457,825 | -119.4% |
| Amounts payable | 17/49 | €1,360,147 | €1,296,478 | -€63,670 | -4.7% |
| Amounts payable after more than one year | 17 | €24,214 | €0 | -€24,214 | -100.0% |
| Financial debts | 170/4 | €24,214 | €0 | -€24,214 | -100.0% |
| Amounts payable within one year | 42/48 | €1,335,933 | €1,296,478 | -€39,456 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €18,897 | €15,431 | -€3,466 | -18.3% |
| Financial debts | 43 | €73,500 | €63,932 | -€9,568 | -13.0% |
| Credit institutions | 430/8 | - | €63,932 | +€63,932 | |
| Other loans | 439 | €73,500 | - | -€73,500 | |
| Trade debts | 44 | €579,429 | €576,813 | -€2,616 | -0.5% |
| Suppliers | 440/4 | €579,429 | €576,813 | -€2,616 | -0.5% |
| Taxes, remuneration and social security | 45 | €204,108 | €300,425 | +€96,317 | +47.2% |
| Taxes | 450/3 | €139,197 | €232,237 | +€93,040 | +66.8% |
| Remuneration and social security | 454/9 | €64,911 | €68,187 | +€3,276 | +5.0% |
| Other amounts payable | 47/48 | €460,000 | €339,877 | -€120,122 | -26.1% |
| Remuneration, social security and pensions | 62 | €903,664 | €761,863 | -€141,801 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,901 | €49,450 | +€19,549 | +65.4% |
| Other operating charges | 640/8 | €4,540 | €3,869 | -€671 | -14.8% |
| Gross operating margin | 9900 | €717,586 | €367,752 | -€349,834 | -48.8% |
| Operating profit (loss) | 9901 | -€220,520 | -€447,431 | -€226,911 | -102.9% |
| Financial charges | 65/66B | €5,386 | €10,394 | +€5,008 | +93.0% |
| Recurring financial charges | 65 | €5,386 | €10,394 | +€5,008 | +93.0% |
| Profit (loss) for the period before taxes | 9903 | -€225,906 | -€457,825 | -€231,919 | -102.7% |
| Profit (loss) for the period | 9904 | -€225,906 | -€457,825 | -€231,919 | -102.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€225,906 | -€457,825 | -€231,919 | -102.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.