LV TRAVEL: what changed
LV TRAVEL
Largest movements
- Tangible fixed assets -€10,341
down €10,341 (-38.4%), from €26,908 to €16,568
- Cash +€4,971
up €4,971 (+557%), from €892 to €5,863
mainly Net result for the year (+€26,535) and Depreciation (+€11,542)
- Receivables within one year -€1,312
down €1,312 (-2.5%), from €51,953 to €50,642
of which Trade receivables: -€37,888
- Trade debts -€29,119
down €29,119 (-92.9%), from €31,359 to €2,240
- Profit (loss) carried forward +€26,535
up €26,535 (+175%), from €15,141 to €41,676
- Tax, wage and social debts +€8,948
up €8,948 (+144%), from €6,208 to €15,156
of which Taxes: +€8,459
- Advances received -€6,961
no longer reported in 2024 (was €6,961)
- Other debts -€6,085
no longer reported in 2024 (was €6,085)
- Gross operating margin +€18,485
up €18,485 (+63.3%), from €29,204 to €47,689
- Depreciation +€4,442
up €4,442 (+62.6%), from €7,100 to €11,542
- Taxes +€2,035
up €2,035 (+37.2%), from €5,467 to €7,502
- Staff costs +€609
up €609 (+91.7%), from €664 to €1,274
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,754 | €73,072 | -€6,681 | -8.4% |
| Fixed assets | 21/28 | €26,908 | €16,568 | -€10,341 | -38.4% |
| Tangible fixed assets | 22/27 | €26,908 | €16,568 | -€10,341 | -38.4% |
| Furniture and vehicles | 24 | €26,908 | €16,568 | -€10,341 | -38.4% |
| Current assets | 29/58 | €52,845 | €56,504 | +€3,659 | +6.9% |
| Amounts receivable within one year | 40/41 | €51,953 | €50,642 | -€1,312 | -2.5% |
| Trade receivables | 40 | €50,628 | €12,740 | -€37,888 | -74.8% |
| Other amounts receivable | 41 | €1,326 | €37,902 | +€36,576 | +2,759% |
| Cash at bank and in hand | 54/58 | €892 | €5,863 | +€4,971 | +557% |
| Total equity and liabilities | 10/49 | €79,754 | €73,072 | -€6,681 | -8.4% |
| Equity | 10/15 | €29,141 | €55,676 | +€26,535 | +91.1% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Contributions outside capital | 11 | €14,000 | €14,000 | = | 0.0% |
| Other | 1109/19 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,141 | €41,676 | +€26,535 | +175% |
| Amounts payable | 17/49 | €50,613 | €17,396 | -€33,217 | -65.6% |
| Amounts payable within one year | 42/48 | €50,613 | €17,396 | -€33,217 | -65.6% |
| Trade debts | 44 | €31,359 | €2,240 | -€29,119 | -92.9% |
| Suppliers | 440/4 | €31,359 | €2,240 | -€29,119 | -92.9% |
| Advances received on contracts in progress | 46 | €6,961 | - | -€6,961 | |
| Taxes, remuneration and social security | 45 | €6,208 | €15,156 | +€8,948 | +144% |
| Taxes | 450/3 | €5,467 | €13,926 | +€8,459 | +155% |
| Remuneration and social security | 454/9 | €740 | €1,230 | +€490 | +66.1% |
| Other amounts payable | 47/48 | €6,085 | - | -€6,085 | |
| Remuneration, social security and pensions | 62 | €664 | €1,274 | +€609 | +91.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,100 | €11,542 | +€4,442 | +62.6% |
| Other operating charges | 640/8 | €767 | €469 | -€298 | -38.8% |
| Gross operating margin | 9900 | €29,204 | €47,689 | +€18,485 | +63.3% |
| Operating profit (loss) | 9901 | €20,673 | €34,405 | +€13,732 | +66.4% |
| Financial income | 75/76B | €5 | €4 | -€1 | -18.4% |
| Recurring financial income | 75 | €5 | €4 | -€1 | -18.4% |
| Financial charges | 65/66B | €70 | €371 | +€302 | +432% |
| Recurring financial charges | 65 | €70 | €371 | +€302 | +432% |
| Profit (loss) for the period before taxes | 9903 | €20,608 | €34,037 | +€13,429 | +65.2% |
| Income taxes | 67/77 | €5,467 | €7,502 | +€2,035 | +37.2% |
| Profit (loss) for the period | 9904 | €15,141 | €26,535 | +€11,394 | +75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,141 | €26,535 | +€11,394 | +75.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.