LVC zon: 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.
What changed
LVC zon
NACE 46.647, Wholesale trade
financial year 2021 against 2022filed annual accounts (NBB)
Net result for the year
-€73,220
2021 · €1,015-€74,235
Equity
-€44,161
2021 · €29,060-€73,220
Cash
€4,646
2021 · €10,678-€6,031
Balance sheet total
€2.0m
2021 · €2.1m-€78,537
Largest movements
Assets
- Receivables within one year -€48,060
down €48,060 (-64.3%), from €74,744 to €26,684
of which Trade receivables: -€53,914
Equity and liabilities
- Profit (loss) carried forward -€73,220
down €73,220 (-742.7%), from -€9,859 to -€83,079
Income statement
- Gross operating margin -€82,217
down €82,217 (-58.3%), from €141,081 to €58,864
- Staff costs -€10,159
down €10,159 (-15.4%), from €66,134 to €55,975
- Other operating charges +€6,768
up €6,768 (+136.7%), from €4,951 to €11,719
- Financial charges -€3,070
down €3,070 (-11.9%), from €25,829 to €22,759
- Write-downs -€1,635
no longer reported in 2022 (was €1,635)
From the 2021 result to the 2022 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.
Result 2021
€1,015
Gross operating margin
-€82,217
Staff costs
+€10,159
Depreciation
-€776
Write-downs
+€1,635
Other operating charges
-€6,768
Financial income
-€632
Financial charges
+€3,070
Taxes
+€1,293
Result 2022
-€73,220
Cash bridge derived
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€41,502
Investment
-€34,653
Financing
-€12,881
Cash 2021
€10,678
From operations (derived)
+€41,502
Net result for the year
-€73,220
Depreciation
+€48,272
Stocks and contracts
+€9,896
Receivables within one year
+€48,060
Deferred charges and accrued income
+€930
Trade debts
-€1,565
Tax, wage and social debts
+€6,713
Other debts
+€2,420
Accrued charges and deferred income
-€4
Investment (derived)
-€34,653
Investment in fixed assets (net)
-€34,653
Financing
-€12,881
Debts after one year
-€3,770
Current portion of long-term debt
-€9,111
Cash 2022
€4,646
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,122,184 | €2,043,647 | -€78,537 | -3.7% |
| Fixed assets | 21/28 | €535,695 | €522,076 | -€13,620 | -2.5% |
| Tangible fixed assets | 22/27 | €535,695 | €522,076 | -€13,620 | -2.5% |
| Land and buildings | 22 | €443,438 | €443,619 | +€180 | 0.0% |
| Plant, machinery and equipment | 23 | €90,137 | €76,894 | -€13,243 | -14.7% |
| Furniture and vehicles | 24 | €2,120 | €1,563 | -€557 | -26.3% |
| Current assets | 29/58 | €1,586,489 | €1,521,572 | -€64,917 | -4.1% |
| Stocks and contracts in progress | 3 | €1,497,467 | €1,487,571 | -€9,896 | -0.7% |
| Stocks | 30/36 | €1,497,467 | €1,487,571 | -€9,896 | -0.7% |
| Amounts receivable within one year | 40/41 | €74,744 | €26,684 | -€48,060 | -64.3% |
| Trade receivables | 40 | €74,744 | €20,830 | -€53,914 | -72.1% |
| Other amounts receivable | 41 | - | €5,854 | +€5,854 | |
| Cash at bank and in hand | 54/58 | €10,678 | €4,646 | -€6,031 | -56.5% |
| Deferred charges and accrued income | 490/1 | €3,600 | €2,670 | -€930 | -25.8% |
| Total equity and liabilities | 10/49 | €2,122,184 | €2,043,647 | -€78,537 | -3.7% |
| Equity | 10/15 | €29,060 | -€44,161 | -€73,220 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €18,918 | €18,918 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €16,918 | €16,918 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,859 | -€83,079 | -€73,220 | -742.7% |
| Amounts payable | 17/49 | €2,093,125 | €2,087,808 | -€5,317 | -0.3% |
| Amounts payable after more than one year | 17 | €1,598,994 | €1,595,224 | -€3,770 | -0.2% |
| Financial debts | 170/4 | €1,598,994 | €1,595,224 | -€3,770 | -0.2% |
| Amounts payable within one year | 42/48 | €490,853 | €489,310 | -€1,543 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €56,056 | €46,945 | -€9,111 | -16.3% |
| Financial debts | 43 | €225,000 | €225,000 | = | 0.0% |
| Credit institutions | 430/8 | €225,000 | €225,000 | = | 0.0% |
| Trade debts | 44 | €138,054 | €136,490 | -€1,565 | -1.1% |
| Suppliers | 440/4 | €138,054 | €136,490 | -€1,565 | -1.1% |
| Taxes, remuneration and social security | 45 | €22,493 | €29,206 | +€6,713 | +29.8% |
| Taxes | 450/3 | €18,349 | €22,345 | +€3,996 | +21.8% |
| Remuneration and social security | 454/9 | €4,144 | €6,861 | +€2,717 | +65.6% |
| Other amounts payable | 47/48 | €49,250 | €51,670 | +€2,420 | +4.9% |
| Accrued charges and deferred income | 492/3 | €3,278 | €3,274 | -€4 | -0.1% |
| Remuneration, social security and pensions | 62 | €66,134 | €55,975 | -€10,159 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,497 | €48,272 | +€776 | +1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,635 | - | -€1,635 | |
| Other operating charges | 640/8 | €4,951 | €11,719 | +€6,768 | +136.7% |
| Gross operating margin | 9900 | €141,081 | €58,864 | -€82,217 | -58.3% |
| Operating profit (loss) | 9901 | €20,864 | -€57,102 | -€77,966 | |
| Financial income | 75/76B | €7,273 | €6,641 | -€632 | -8.7% |
| Recurring financial income | 75 | €7,273 | €6,641 | -€632 | -8.7% |
| Financial charges | 65/66B | €25,829 | €22,759 | -€3,070 | -11.9% |
| Recurring financial charges | 65 | €25,829 | €22,759 | -€3,070 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €2,308 | -€73,220 | -€75,528 | |
| Income taxes | 67/77 | €1,293 | - | -€1,293 | |
| Profit (loss) for the period | 9904 | €1,015 | -€73,220 | -€74,235 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,015 | -€73,220 | -€74,235 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.