LV166: 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.
LV166
Largest movements
- Tangible fixed assets +€30,404
up €30,404 (+193%), from €15,767 to €46,171
of which Plant, machinery and equipment: +€29,897
- Cash +€28,686
up €28,686 (+20.8%), from €137,628 to €166,314
mainly Other debts (+€66,340) and Net result for the year (+€22,831)
- Receivables within one year +€10,008
up €10,008 (+45.3%), from €22,076 to €32,085
of which Other amounts receivable: +€13,222
- Other debts +€66,340
up €66,340 (+67.7%), from €98,050 to €164,390
- Trade debts -€32,188
down €32,188 (-49.0%), from €65,722 to €33,534
- Profit (loss) carried forward +€22,831
up €22,831, from -€10,319 to €12,512
- Tax, wage and social debts +€13,764
up €13,764 (+213%), from €6,455 to €20,219
of which Taxes: +€11,774
- Gross operating margin +€11,118
up €11,118 (+26.1%), from €42,671 to €53,789
- Staff costs +€8,291
up €8,291 (+218%), from €3,795 to €12,086
- Depreciation +€6,064
up €6,064 (+332%), from €1,829 to €7,893
- Taxes +€6,035
up €6,035 (+297%), from €2,032 to €8,067
- Financial income +€765
up €765 (+120%), from €637 to €1,402
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 | €180,437 | €249,256 | +€68,819 | +38.1% |
| Fixed assets | 21/28 | €15,767 | €46,171 | +€30,404 | +193% |
| Tangible fixed assets | 22/27 | €15,767 | €46,171 | +€30,404 | +193% |
| Plant, machinery and equipment | 23 | €7,699 | €37,596 | +€29,897 | +388% |
| Furniture and vehicles | 24 | - | €1,426 | +€1,426 | |
| Other tangible fixed assets | 26 | €8,068 | €7,149 | -€919 | -11.4% |
| Current assets | 29/58 | €164,670 | €203,085 | +€38,415 | +23.3% |
| Stocks and contracts in progress | 3 | €3,155 | €2,004 | -€1,151 | -36.5% |
| Stocks | 30/36 | €3,155 | €2,004 | -€1,151 | -36.5% |
| Amounts receivable within one year | 40/41 | €22,076 | €32,085 | +€10,008 | +45.3% |
| Trade receivables | 40 | €5,567 | €2,354 | -€3,214 | -57.7% |
| Other amounts receivable | 41 | €16,509 | €29,731 | +€13,222 | +80.1% |
| Cash at bank and in hand | 54/58 | €137,628 | €166,314 | +€28,686 | +20.8% |
| Deferred charges and accrued income | 490/1 | €1,811 | €2,683 | +€872 | +48.2% |
| Total equity and liabilities | 10/49 | €180,437 | €249,256 | +€68,819 | +38.1% |
| Equity | 10/15 | €8,281 | €31,112 | +€22,831 | +276% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,319 | €12,512 | +€22,831 | |
| Amounts payable | 17/49 | €172,156 | €218,144 | +€45,988 | +26.7% |
| Amounts payable within one year | 42/48 | €170,227 | €218,144 | +€47,917 | +28.1% |
| Trade debts | 44 | €65,722 | €33,534 | -€32,188 | -49.0% |
| Suppliers | 440/4 | €65,722 | €33,534 | -€32,188 | -49.0% |
| Taxes, remuneration and social security | 45 | €6,455 | €20,219 | +€13,764 | +213% |
| Taxes | 450/3 | €4,663 | €16,437 | +€11,774 | +253% |
| Remuneration and social security | 454/9 | €1,792 | €3,782 | +€1,990 | +111% |
| Other amounts payable | 47/48 | €98,050 | €164,390 | +€66,340 | +67.7% |
| Accrued charges and deferred income | 492/3 | €1,929 | €0 | -€1,929 | -100% |
| Remuneration, social security and pensions | 62 | €3,795 | €12,086 | +€8,291 | +218% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,829 | €7,893 | +€6,064 | +332% |
| Other operating charges | 640/8 | €919 | €937 | +€18 | +2.0% |
| Gross operating margin | 9900 | €42,671 | €53,789 | +€11,118 | +26.1% |
| Operating profit (loss) | 9901 | €36,128 | €32,873 | -€3,255 | -9.0% |
| Financial income | 75/76B | €637 | €1,402 | +€765 | +120% |
| Recurring financial income | 75 | €637 | €1,402 | +€765 | +120% |
| Financial charges | 65/66B | €2,992 | €3,376 | +€384 | +12.8% |
| Recurring financial charges | 65 | €2,992 | €3,376 | +€384 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €33,772 | €30,899 | -€2,874 | -8.5% |
| Income taxes | 67/77 | €2,032 | €8,067 | +€6,035 | +297% |
| Profit (loss) for the period | 9904 | €31,740 | €22,831 | -€8,909 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,740 | €22,831 | -€8,909 | -28.1% |
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.