LVE: 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.
LVE
Largest movements
- Formation expenses +€3,846
new in 2024: €3,846
- Receivables within one year -€1,685
no longer reported in 2024 (was €1,685)
of which Trade receivables: -€1,123
- Receivables after one year +€599
new in 2024: €599
- Tangible fixed assets +€404
up €404 (+10.5%), from €3,846 to €4,250
of which Assets under construction and advance payments: +€4,250
- Deferred charges and accrued income -€108
no longer reported in 2024 (was €108)
- Profit (loss) carried forward +€10,687
up €10,687, from -€5,841 to €4,846
- Other debts -€3,498
no longer reported in 2024 (was €3,498)
- Contributions -€2,293
down €2,293 (-36.7%), from €6,250 to €3,957
- Reserves -€945
no longer reported in 2024 (was €945)
- Trade debts -€720
no longer reported in 2024 (was €720)
- Gross operating margin +€9,761
up €9,761 (+354%), from €2,756 to €12,517
- Financial charges +€7,671
new in 2024: €7,671
of which Financial charges: +€7,671
- Purchases and services +€1,566
new in 2024: €1,566
- Depreciation -€404
no longer reported in 2024 (was €404)
- Other operating charges -€150
no longer reported in 2024 (was €150)
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 | €5,666 | €8,803 | +€3,137 | +55.4% |
| Formation expenses | 20 | - | €3,846 | +€3,846 | |
| Fixed assets | 21/28 | €3,846 | €4,250 | +€404 | +10.5% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €3,846 | €4,250 | +€404 | +10.5% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €3,846 | - | -€3,846 | |
| Assets under construction and advance payments | 27 | - | €4,250 | +€4,250 | |
| Current assets | 29/58 | €1,820 | €707 | -€1,113 | -61.2% |
| Amounts receivable after more than one year | 29 | - | €599 | +€599 | |
| Trade receivables | 290 | - | €599 | +€599 | |
| Amounts receivable within one year | 40/41 | €1,685 | - | -€1,685 | |
| Trade receivables | 40 | €1,123 | - | -€1,123 | |
| Other amounts receivable | 41 | €562 | - | -€562 | |
| Cash at bank and in hand | 54/58 | €26 | €108 | +€82 | +308% |
| Deferred charges and accrued income | 490/1 | €108 | - | -€108 | |
| Total equity and liabilities | 10/49 | €5,666 | €8,803 | +€3,137 | +55.4% |
| Equity | 10/15 | €1,354 | €8,803 | +€7,449 | +550% |
| Contributions | 10/11 | €6,250 | €3,957 | -€2,293 | -36.7% |
| Reserves | 13 | €945 | - | -€945 | |
| Non-distributable reserves | 130/1 | €945 | - | -€945 | |
| Reserves not available under the articles | 1311 | €945 | - | -€945 | |
| Profit (loss) carried forward | 14 | -€5,841 | €4,846 | +€10,687 | |
| Amounts payable | 17/49 | €4,311 | - | -€4,311 | |
| Amounts payable within one year | 42/48 | €4,311 | - | -€4,311 | |
| Trade debts | 44 | €720 | - | -€720 | |
| Suppliers | 440/4 | €720 | - | -€720 | |
| Taxes, remuneration and social security | 45 | €93 | - | -€93 | |
| Taxes | 450/3 | €93 | - | -€93 | |
| Other amounts payable | 47/48 | €3,498 | - | -€3,498 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,566 | +€1,566 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €404 | - | -€404 | |
| Other operating charges | 640/8 | €150 | - | -€150 | |
| Gross operating margin | 9900 | €2,756 | €12,517 | +€9,761 | +354% |
| Operating profit (loss) | 9901 | €2,202 | €12,517 | +€10,315 | +468% |
| Financial charges | 65/66B | - | €7,671 | +€7,671 | |
| Recurring financial charges | 65 | - | €7,671 | +€7,671 | |
| Non-recurring financial charges | 66B | - | €7,671 | +€7,671 | |
| Profit (loss) for the period before taxes | 9903 | €2,202 | €4,846 | +€2,644 | +120% |
| Income taxes | 67/77 | €14 | - | -€14 | |
| Profit (loss) for the period | 9904 | €2,189 | €4,846 | +€2,657 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €2,189 | €4,846 | +€2,657 | +121% |
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 31 October 2026 via checked.be.