LVD Management: 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.
LVD Management
Largest movements
- Receivables within one year -€21,740
down €21,740 (-76.1%), from €28,551 to €6,811
of which Other amounts receivable: -€27,064
- Cash -€20,610
down €20,610 (-86.4%), from €23,847 to €3,237
mainly Net result for the year (-€37,169) and Trade debts (-€19,405)
- Tangible fixed assets -€5,932
down €5,932 (-20.3%), from €29,274 to €23,343
- Deferred charges and accrued income -€1,800
no longer reported in 2024 (was €1,800)
- Profit (loss) carried forward -€37,169
new in 2024: -€37,169
- Trade debts -€19,405
down €19,405 (-78.2%), from €24,824 to €5,420
- Other debts +€12,237
new in 2024: €12,237
- Debts after one year -€5,925
down €5,925 (-29.3%), from €20,225 to €14,301
of which Financial debts: -€5,925
- Financial income -€55,120
no longer reported in 2024 (was €55,120)
- Gross operating margin +€3,301
up €3,301 (+10.8%), from -€30,664 to -€27,363
- Depreciation +€1,384
up €1,384 (+23.5%), from €5,890 to €7,274
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 | €83,472 | €33,391 | -€50,081 | -60.0% |
| Fixed assets | 21/28 | €29,274 | €23,343 | -€5,932 | -20.3% |
| Tangible fixed assets | 22/27 | €29,274 | €23,343 | -€5,932 | -20.3% |
| Furniture and vehicles | 24 | €29,274 | €23,343 | -€5,932 | -20.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €54,198 | €10,049 | -€44,149 | -81.5% |
| Amounts receivable within one year | 40/41 | €28,551 | €6,811 | -€21,740 | -76.1% |
| Trade receivables | 40 | - | €5,324 | +€5,324 | |
| Other amounts receivable | 41 | €28,551 | €1,487 | -€27,064 | -94.8% |
| Cash at bank and in hand | 54/58 | €23,847 | €3,237 | -€20,610 | -86.4% |
| Deferred charges and accrued income | 490/1 | €1,800 | - | -€1,800 | |
| Total equity and liabilities | 10/49 | €83,472 | €33,391 | -€50,081 | -60.0% |
| Equity | 10/15 | €32,595 | -€4,574 | -€37,169 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €30,095 | €30,095 | = | 0.0% |
| Distributable reserves | 133 | €30,095 | €30,095 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€37,169 | -€37,169 | |
| Amounts payable | 17/49 | €50,877 | €37,966 | -€12,912 | -25.4% |
| Amounts payable after more than one year | 17 | €20,225 | €14,301 | -€5,925 | -29.3% |
| Financial debts | 170/4 | €20,225 | €14,301 | -€5,925 | -29.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €30,652 | €23,665 | -€6,987 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €5,675 | €5,925 | +€249 | +4.4% |
| Trade debts | 44 | €24,824 | €5,420 | -€19,405 | -78.2% |
| Suppliers | 440/4 | €24,824 | €5,420 | -€19,405 | -78.2% |
| Taxes, remuneration and social security | 45 | €152 | €83 | -€69 | -45.4% |
| Taxes | 450/3 | €152 | €83 | -€69 | -45.4% |
| Other amounts payable | 47/48 | - | €12,237 | +€12,237 | |
| Non-recurring operating income | 76A | €351 | - | -€351 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,890 | €7,274 | +€1,384 | +23.5% |
| Other operating charges | 640/8 | €1,119 | €1,290 | +€172 | +15.3% |
| Gross operating margin | 9900 | -€30,664 | -€27,363 | +€3,301 | +10.8% |
| Operating profit (loss) | 9901 | -€37,673 | -€35,927 | +€1,746 | +4.6% |
| Financial income | 75/76B | €55,120 | - | -€55,120 | |
| Recurring financial income | 75 | €55,120 | - | -€55,120 | |
| Financial charges | 65/66B | €1,384 | €1,242 | -€141 | -10.2% |
| Recurring financial charges | 65 | €1,384 | €1,242 | -€141 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €16,063 | -€37,169 | -€53,233 | |
| Income taxes | 67/77 | €123 | - | -€123 | |
| Profit (loss) for the period | 9904 | €15,940 | -€37,169 | -€53,109 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,940 | -€37,169 | -€53,109 |
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 11 October 2026 via checked.be.