LV TENDENS: 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 TENDENS
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Advances received +€47,400
new in 2024: €47,400
- Trade debts -€31,060
down €31,060 (-40.9%), from €75,973 to €44,913
- Purchases and services -€73,056
down €73,056 (-30.2%), from €241,660 to €168,604
- Depreciation -€36,227
no longer reported in 2024 (was €36,227)
- Gross operating margin +€16,022
up €16,022, from -€4,577 to €11,446
- Taxes -€9,796
no longer reported in 2024 (was €9,796)
- Other operating charges -€9,549
down €9,549 (-84.1%), from €11,357 to €1,808
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 | €1,351,900 | €1,351,493 | -€407 | 0.0% |
| Fixed assets | 21/28 | €1,324,636 | €1,324,406 | -€230 | 0.0% |
| Tangible fixed assets | 22/27 | €74,406 | €74,406 | = | 0.0% |
| Land and buildings | 22 | €74,406 | €74,406 | = | 0.0% |
| Financial fixed assets | 28 | €1,250,230 | €1,250,000 | -€230 | 0.0% |
| Current assets | 29/58 | €27,263 | €27,087 | -€177 | -0.6% |
| Cash at bank and in hand | 54/58 | €26,280 | €27,087 | +€807 | +3.1% |
| Deferred charges and accrued income | 490/1 | €984 | - | -€984 | |
| Total equity and liabilities | 10/49 | €1,351,900 | €1,351,493 | -€407 | 0.0% |
| Equity | 10/15 | €867,017 | €860,936 | -€6,082 | -0.7% |
| Contributions | 10/11 | €665,000 | €665,000 | = | 0.0% |
| Reserves | 13 | €273,045 | €273,045 | = | 0.0% |
| Non-distributable reserves | 130/1 | €66,500 | €66,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €66,500 | €66,500 | = | 0.0% |
| Distributable reserves | 133 | €206,545 | €206,545 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,028 | -€77,110 | -€6,082 | -8.6% |
| Amounts payable | 17/49 | €484,883 | €490,557 | +€5,675 | +1.2% |
| Amounts payable within one year | 42/48 | €484,883 | €490,557 | +€5,675 | +1.2% |
| Trade debts | 44 | €75,973 | €44,913 | -€31,060 | -40.9% |
| Suppliers | 440/4 | €75,973 | €44,913 | -€31,060 | -40.9% |
| Advances received on contracts in progress | 46 | - | €47,400 | +€47,400 | |
| Taxes, remuneration and social security | 45 | €11,491 | €9,958 | -€1,533 | -13.3% |
| Taxes | 450/3 | €11,491 | €9,958 | -€1,533 | -13.3% |
| Other amounts payable | 47/48 | €397,418 | €388,287 | -€9,132 | -2.3% |
| Turnover | 70 | €180,000 | €180,050 | +€50 | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €241,660 | €168,604 | -€73,056 | -30.2% |
| Remuneration, social security and pensions | 62 | €9,500 | €14,000 | +€4,500 | +47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,227 | - | -€36,227 | |
| Other operating charges | 640/8 | €11,357 | €1,808 | -€9,549 | -84.1% |
| Gross operating margin | 9900 | -€4,577 | €11,446 | +€16,022 | |
| Operating profit (loss) | 9901 | -€61,660 | -€4,362 | +€57,298 | +92.9% |
| Financial income | 75/76B | €40 | €0 | -€40 | -99.6% |
| Recurring financial income | 75 | €40 | €0 | -€40 | -99.6% |
| Financial charges | 65/66B | -€388 | €1,720 | +€2,108 | |
| Recurring financial charges | 65 | -€388 | €1,720 | +€2,108 | |
| Profit (loss) for the period before taxes | 9903 | -€61,232 | -€6,082 | +€55,151 | +90.1% |
| Income taxes | 67/77 | €9,796 | - | -€9,796 | |
| Profit (loss) for the period | 9904 | -€71,028 | -€6,082 | +€64,946 | +91.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,028 | -€6,082 | +€64,946 | +91.4% |
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 10 October 2026 via checked.be.