LVA: 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.
LVA
Largest movements
- Cash +€4,894
up €4,894 (+12.9%), from €37,971 to €42,864
mainly Tax, wage and social debts (+€18,861) and Depreciation (+€10,561)
- Receivables within one year +€4,664
up €4,664 (+114.9%), from €4,059 to €8,723
- Tangible fixed assets -€4,356
down €4,356 (-7.4%), from €58,749 to €54,393
of which Leasing and similar rights: -€5,813
- Tax, wage and social debts +€18,861
up €18,861 (+99.4%), from €18,972 to €37,833
of which Remuneration and social security: +€14,388
- Other debts -€12,033
down €12,033 (-83.4%), from €14,432 to €2,399
- Debts after one year -€5,381
down €5,381 (-23.3%), from €23,065 to €17,683
- Reserves +€2,833
new in 2024: €2,833
- Staff costs +€80,454
up €80,454 (+456.8%), from €17,613 to €98,067
- Gross operating margin +€70,907
up €70,907 (+144.3%), from €49,121 to €120,028
- Depreciation +€8,440
up €8,440 (+398.1%), from €2,120 to €10,561
- Taxes -€3,384
down €3,384 (-72.4%), from €4,673 to €1,289
- Other operating charges +€3,221
up €3,221 (+885.8%), from €364 to €3,584
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 | €104,824 | €109,913 | +€5,089 | +4.9% |
| Fixed assets | 21/28 | €58,954 | €54,598 | -€4,356 | -7.4% |
| Tangible fixed assets | 22/27 | €58,749 | €54,393 | -€4,356 | -7.4% |
| Land and buildings | 22 | - | €4,778 | +€4,778 | |
| Plant, machinery and equipment | 23 | €30,287 | €26,967 | -€3,321 | -11.0% |
| Leasing and similar rights | 25 | €28,462 | €22,648 | -€5,813 | -20.4% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €45,870 | €55,315 | +€9,446 | +20.6% |
| Stocks and contracts in progress | 3 | €3,728 | €3,728 | = | 0.0% |
| Stocks | 30/36 | €3,728 | €3,728 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,059 | €8,723 | +€4,664 | +114.9% |
| Trade receivables | 40 | €4,059 | €8,723 | +€4,664 | +114.9% |
| Cash at bank and in hand | 54/58 | €37,971 | €42,864 | +€4,894 | +12.9% |
| Deferred charges and accrued income | 490/1 | €112 | €0 | -€112 | -100.0% |
| Total equity and liabilities | 10/49 | €104,824 | €109,913 | +€5,089 | +4.9% |
| Equity | 10/15 | €30,229 | €33,062 | +€2,833 | +9.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €2,833 | +€2,833 | |
| Distributable reserves | 133 | - | €2,833 | +€2,833 | |
| Profit (loss) carried forward | 14 | €20,229 | €20,229 | = | 0.0% |
| Amounts payable | 17/49 | €74,595 | €76,851 | +€2,257 | +3.0% |
| Amounts payable after more than one year | 17 | €23,065 | €17,683 | -€5,381 | -23.3% |
| Financial debts | 170/4 | €23,065 | €17,683 | -€5,381 | -23.3% |
| Amounts payable within one year | 42/48 | €51,530 | €59,168 | +€7,638 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €5,162 | €6,254 | +€1,091 | +21.1% |
| Trade debts | 44 | €12,963 | €12,682 | -€281 | -2.2% |
| Suppliers | 440/4 | €12,416 | €12,682 | +€266 | +2.1% |
| Bills of exchange payable | 441 | €547 | - | -€547 | |
| Taxes, remuneration and social security | 45 | €18,972 | €37,833 | +€18,861 | +99.4% |
| Taxes | 450/3 | €10,312 | €14,785 | +€4,473 | +43.4% |
| Remuneration and social security | 454/9 | €8,660 | €23,048 | +€14,388 | +166.1% |
| Other amounts payable | 47/48 | €14,432 | €2,399 | -€12,033 | -83.4% |
| Remuneration, social security and pensions | 62 | €17,613 | €98,067 | +€80,454 | +456.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,120 | €10,561 | +€8,440 | +398.1% |
| Other operating charges | 640/8 | €364 | €3,584 | +€3,221 | +885.8% |
| Gross operating margin | 9900 | €49,121 | €120,028 | +€70,907 | +144.3% |
| Operating profit (loss) | 9901 | €29,025 | €7,816 | -€21,209 | -73.1% |
| Financial income | 75/76B | €0 | €10 | +€10 | +5905.9% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +5905.9% |
| Financial charges | 65/66B | €1,123 | €3,704 | +€2,580 | +229.7% |
| Recurring financial charges | 65 | €1,123 | €3,704 | +€2,580 | +229.7% |
| Profit (loss) for the period before taxes | 9903 | €27,901 | €4,122 | -€23,779 | -85.2% |
| Income taxes | 67/77 | €4,673 | €1,289 | -€3,384 | -72.4% |
| Profit (loss) for the period | 9904 | €23,229 | €2,833 | -€20,396 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,229 | €2,833 | -€20,396 | -87.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.