LVSD: 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.
LVSD
Largest movements
- Receivables within one year -€16,604
down €16,604 (-80.2%), from €20,692 to €4,088
of which Trade receivables: -€15,597
- Tangible fixed assets -€13,788
down €13,788 (-22.8%), from €60,541 to €46,753
of which Furniture and vehicles: -€12,185
- Cash -€12,826
down €12,826 (-70.4%), from €18,221 to €5,395
mainly Net result for the year (-€31,763) and Trade debts (-€14,850)
- Profit (loss) carried forward -€31,763
down €31,763 (-197.1%), from -€16,112 to -€47,875
- Trade debts -€14,850
down €14,850 (-34.4%), from €43,170 to €28,320
- Other debts +€8,580
up €8,580 (+13.9%), from €61,926 to €70,507
- Advances received -€3,546
down €3,546 (-76.7%), from €4,621 to €1,075
- Tax, wage and social debts -€1,987
down €1,987 (-30.1%), from €6,592 to €4,606
of which Taxes: -€2,120
- Gross operating margin -€11,917
down €11,917 (-23.3%), from €51,241 to €39,323
- Staff costs +€2,505
up €2,505 (+5.4%), from €46,269 to €48,773
- Depreciation +€1,560
up €1,560 (+10.2%), from €15,253 to €16,813
- Other operating charges -€575
down €575 (-11.0%), from €5,238 to €4,664
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 | €102,197 | €58,632 | -€43,565 | -42.6% |
| Formation expenses | 20 | €915 | €640 | -€274 | -30.0% |
| Fixed assets | 21/28 | €60,541 | €47,003 | -€13,538 | -22.4% |
| Tangible fixed assets | 22/27 | €60,541 | €46,753 | -€13,788 | -22.8% |
| Plant, machinery and equipment | 23 | €2,336 | €2,435 | +€99 | +4.2% |
| Furniture and vehicles | 24 | €46,544 | €34,359 | -€12,185 | -26.2% |
| Other tangible fixed assets | 26 | €11,660 | €9,959 | -€1,702 | -14.6% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €40,741 | €10,988 | -€29,753 | -73.0% |
| Amounts receivable within one year | 40/41 | €20,692 | €4,088 | -€16,604 | -80.2% |
| Trade receivables | 40 | €17,370 | €1,773 | -€15,597 | -89.8% |
| Other amounts receivable | 41 | €3,322 | €2,315 | -€1,007 | -30.3% |
| Cash at bank and in hand | 54/58 | €18,221 | €5,395 | -€12,826 | -70.4% |
| Deferred charges and accrued income | 490/1 | €1,827 | €1,505 | -€323 | -17.7% |
| Total equity and liabilities | 10/49 | €102,197 | €58,632 | -€43,565 | -42.6% |
| Equity | 10/15 | -€14,112 | -€45,875 | -€31,763 | -225.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,112 | -€47,875 | -€31,763 | -197.1% |
| Amounts payable | 17/49 | €116,309 | €104,507 | -€11,802 | -10.1% |
| Amounts payable within one year | 42/48 | €116,309 | €104,507 | -€11,802 | -10.1% |
| Trade debts | 44 | €43,170 | €28,320 | -€14,850 | -34.4% |
| Suppliers | 440/4 | €43,170 | €28,320 | -€14,850 | -34.4% |
| Advances received on contracts in progress | 46 | €4,621 | €1,075 | -€3,546 | -76.7% |
| Taxes, remuneration and social security | 45 | €6,592 | €4,606 | -€1,987 | -30.1% |
| Taxes | 450/3 | €3,422 | €1,303 | -€2,120 | -61.9% |
| Remuneration and social security | 454/9 | €3,170 | €3,303 | +€133 | +4.2% |
| Other amounts payable | 47/48 | €61,926 | €70,507 | +€8,580 | +13.9% |
| Remuneration, social security and pensions | 62 | €46,269 | €48,773 | +€2,505 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,253 | €16,813 | +€1,560 | +10.2% |
| Other operating charges | 640/8 | €5,238 | €4,664 | -€575 | -11.0% |
| Gross operating margin | 9900 | €51,241 | €39,323 | -€11,917 | -23.3% |
| Operating profit (loss) | 9901 | -€15,519 | -€30,927 | -€15,408 | -99.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -87.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -87.8% |
| Financial charges | 65/66B | €594 | €836 | +€242 | +40.7% |
| Recurring financial charges | 65 | €594 | €836 | +€242 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,112 | -€31,763 | -€15,650 | -97.1% |
| Profit (loss) for the period | 9904 | -€16,112 | -€31,763 | -€15,650 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,112 | -€31,763 | -€15,650 | -97.1% |
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 29 September 2026 via checked.be.