LVMV-art: 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.
LVMV-art
Largest movements
- Stocks and contracts +€907,533
up €907,533 (+13.1%), from €6.9m to €7.9m
- Receivables within one year +€614,460
up €614,460 (+701%), from €87,713 to €702,173
- Receivables after one year -€611,800
no longer reported in 2024 (was €611,800)
- Cash +€143,748
up €143,748 (+78.2%), from €183,733 to €327,482
mainly Short-term financial debts (+€1.7m) and Receivables after one year (+€611,800)
- Short-term financial debts +€1.7m
up €1.7m (+137%), from €1.3m to €3.0m
- Debts after one year -€1.1m
down €1.1m (-54.5%), from €2.1m to €948,014
- Reserves +€512,672
up €512,672 (+12.8%), from €4.0m to €4.5m
of which Distributable reserves: +€512,672
- Gross operating margin -€183,246
down €183,246 (-17.6%), from €1.0m to €857,910
- Taxes -€62,668
down €62,668 (-26.9%), from €232,672 to €170,004
- Financial charges +€53,597
up €53,597 (+74.7%), from €71,794 to €125,391
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 | €9,231,608 | €10,269,757 | +€1.0m | +11.2% |
| Fixed assets | 21/28 | €1,389,592 | €1,367,962 | -€21,630 | -1.6% |
| Tangible fixed assets | 22/27 | €1,389,592 | €1,367,962 | -€21,630 | -1.6% |
| Land and buildings | 22 | €1,389,592 | €1,367,962 | -€21,630 | -1.6% |
| Current assets | 29/58 | €7,842,016 | €8,901,795 | +€1.1m | +13.5% |
| Amounts receivable after more than one year | 29 | €611,800 | - | -€611,800 | |
| Other amounts receivable | 291 | €611,800 | - | -€611,800 | |
| Stocks and contracts in progress | 3 | €6,949,154 | €7,856,687 | +€907,533 | +13.1% |
| Stocks | 30/36 | €6,949,154 | €7,856,687 | +€907,533 | +13.1% |
| Amounts receivable within one year | 40/41 | €87,713 | €702,173 | +€614,460 | +701% |
| Other amounts receivable | 41 | €87,713 | €702,173 | +€614,460 | +701% |
| Cash at bank and in hand | 54/58 | €183,733 | €327,482 | +€143,748 | +78.2% |
| Deferred charges and accrued income | 490/1 | €9,616 | €15,452 | +€5,837 | +60.7% |
| Total equity and liabilities | 10/49 | €9,231,608 | €10,269,757 | +€1.0m | +11.2% |
| Equity | 10/15 | €4,044,823 | €4,557,495 | +€512,672 | +12.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €4,014,823 | €4,527,495 | +€512,672 | +12.8% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €4,011,823 | €4,524,495 | +€512,672 | +12.8% |
| Amounts payable | 17/49 | €5,186,785 | €5,712,261 | +€525,476 | +10.1% |
| Amounts payable after more than one year | 17 | €2,082,717 | €948,014 | -€1.1m | -54.5% |
| Financial debts | 170/4 | €2,082,717 | €948,014 | -€1.1m | -54.5% |
| Amounts payable within one year | 42/48 | €3,081,738 | €4,733,823 | +€1.7m | +53.6% |
| Current portion of amounts payable after more than one year | 42 | €140,357 | €134,702 | -€5,655 | -4.0% |
| Financial debts | 43 | €1,250,000 | €2,964,652 | +€1.7m | +137% |
| Credit institutions | 430/8 | €1,250,000 | €2,964,652 | +€1.7m | +137% |
| Trade debts | 44 | €52,401 | €39,576 | -€12,825 | -24.5% |
| Suppliers | 440/4 | €52,401 | €39,576 | -€12,825 | -24.5% |
| Taxes, remuneration and social security | 45 | €5,000 | €18,728 | +€13,728 | +275% |
| Taxes | 450/3 | €5,000 | €18,728 | +€13,728 | +275% |
| Other amounts payable | 47/48 | €1,633,979 | €1,576,164 | -€57,816 | -3.5% |
| Accrued charges and deferred income | 492/3 | €22,330 | €30,424 | +€8,094 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,630 | €21,630 | = | 0.0% |
| Other operating charges | 640/8 | €9,060 | €5,321 | -€3,739 | -41.3% |
| Gross operating margin | 9900 | €1,041,156 | €857,910 | -€183,246 | -17.6% |
| Operating profit (loss) | 9901 | €1,010,466 | €830,959 | -€179,507 | -17.8% |
| Financial income | 75/76B | €10,672 | €16,108 | +€5,436 | +50.9% |
| Recurring financial income | 75 | €10,672 | €16,108 | +€5,436 | +50.9% |
| Financial charges | 65/66B | €71,794 | €125,391 | +€53,597 | +74.7% |
| Recurring financial charges | 65 | €71,794 | €125,391 | +€53,597 | +74.7% |
| Profit (loss) for the period before taxes | 9903 | €949,344 | €721,677 | -€227,667 | -24.0% |
| Income taxes | 67/77 | €232,672 | €170,004 | -€62,668 | -26.9% |
| Profit (loss) for the period | 9904 | €716,672 | €551,672 | -€165,000 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €716,672 | €551,672 | -€165,000 | -23.0% |
Source: filed annual accounts (NBB), financial years ended 30 April 2023 and 30 April 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.