LVT: 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.
What changed
LVT
NACE 49.410, Freight transport by road
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€921,460
2023 · €901,173+€20,287
Equity
€2.8m
2023 · €1.9m+€921,460
Cash
€5,234
2023 · €6,897-€1,663
Balance sheet total
€7.6m
2023 · €6.2m+€1.4m
Largest movements
Assets
- Receivables within one year +€1.2m
up €1.2m (+26.3%), from €4.5m to €5.7m
of which Other amounts receivable: +€1.1m
- Tangible fixed assets +€217,421
up €217,421 (+14.0%), from €1.6m to €1.8m
of which Furniture and vehicles: +€213,705
Equity and liabilities
- Profit (loss) carried forward +€875,387
up €875,387 (+239.1%), from €366,123 to €1.2m
- Trade debts +€247,653
up €247,653 (+20.4%), from €1.2m to €1.5m
- Current portion of long-term debt +€148,625
up €148,625 (+34.8%), from €426,900 to €575,525
- Provisions +€140,000
up €140,000 (+200.0%), from €70,000 to €210,000
- Debts after one year +€116,475
up €116,475 (+14.7%), from €793,825 to €910,300
Income statement
- Goods and materials -€1.2m
down €1.2m (-20.3%), from €5.7m to €4.6m
of which Purchases: -€1.2m
- Other operating income -€502,848
down €502,848 (-40.9%), from €1.2m to €727,403
- Staff costs +€322,502
up €322,502 (+9.3%), from €3.5m to €3.8m
- Turnover -€183,187
down €183,187 (-1.5%), from €12.2m to €12.0m
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.
Result 2023
€901,173
Turnover
-€183,187
Other operating income
-€502,848
Goods and materials
+€1.2m
Services and other goods
-€82,737
Staff costs
-€322,502
Depreciation
+€47,288
Provisions
-€90,000
Other operating charges
+€12,515
Other operating items
-€77,345
Financial income
+€45,930
Financial charges
-€1,382
Taxes
+€9,397
Result 2024
€921,460
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.
From operations
+€617,062
Investment
-€768,474
Financing
+€149,749
Cash 2023
€6,897
From operations (derived)
+€617,062
Net result for the year
+€921,460
Depreciation
+€551,553
Stocks and contracts
-€11,963
Receivables within one year
-€1.2m
Deferred charges and accrued income
-€6,560
Provisions
+€140,000
Trade debts
+€247,653
Tax, wage and social debts
-€33,673
Investment (derived)
-€768,474
Investment in fixed assets (net)
-€768,474
Financing
+€149,749
Debts after one year
+€116,475
Current portion of long-term debt
+€148,625
Short-term financial debts
-€115,351
Contributions, distributions and other
-€0
Cash 2024
€5,234
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,162,744 | €7,587,933 | +€1.4m | +23.1% |
| Fixed assets | 21/28 | €1,555,638 | €1,772,559 | +€216,921 | +13.9% |
| Tangible fixed assets | 22/27 | €1,555,138 | €1,772,559 | +€217,421 | +14.0% |
| Land and buildings | 22 | €676,422 | €647,431 | -€28,991 | -4.3% |
| Plant, machinery and equipment | 23 | €29,512 | €62,218 | +€32,706 | +110.8% |
| Furniture and vehicles | 24 | €849,204 | €1,062,909 | +€213,705 | +25.2% |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Affiliated companies | 280/1 | €500 | - | -€500 | |
| Participating interests | 280 | €500 | - | -€500 | |
| Current assets | 29/58 | €4,607,106 | €5,815,374 | +€1.2m | +26.2% |
| Stocks and contracts in progress | 3 | €63,508 | €75,471 | +€11,963 | +18.8% |
| Stocks | 30/36 | €63,508 | €75,471 | +€11,963 | +18.8% |
| Raw materials and consumables | 30/31 | €63,508 | €75,471 | +€11,963 | +18.8% |
| Amounts receivable within one year | 40/41 | €4,536,281 | €5,727,689 | +€1.2m | +26.3% |
| Trade receivables | 40 | €1,764,221 | €1,859,254 | +€95,033 | +5.4% |
| Other amounts receivable | 41 | €2,772,060 | €3,868,435 | +€1.1m | +39.6% |
| Cash at bank and in hand | 54/58 | €6,897 | €5,234 | -€1,663 | -24.1% |
| Deferred charges and accrued income | 490/1 | €420 | €6,980 | +€6,560 | +1561.9% |
| Total equity and liabilities | 10/49 | €6,162,744 | €7,587,933 | +€1.4m | +23.1% |
| Equity | 10/15 | €1,889,858 | €2,811,318 | +€921,460 | +48.8% |
| Contributions | 10/11 | €1,291,224 | €1,291,224 | = | 0.0% |
| Capital | 10 | €1,291,224 | €1,291,224 | = | 0.0% |
| Issued capital | 100 | €1,291,224 | €1,291,224 | = | 0.0% |
| Reserves | 13 | €232,511 | €278,584 | +€46,073 | +19.8% |
| Non-distributable reserves | 130/1 | €232,511 | €278,584 | +€46,073 | +19.8% |
| Legal reserve | 130 | €92,378 | €138,451 | +€46,073 | +49.9% |
| Other | 1319 | €140,133 | €140,133 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €366,123 | €1,241,510 | +€875,387 | +239.1% |
| Provisions and deferred taxes | 16 | €70,000 | €210,000 | +€140,000 | +200.0% |
| Provisions for liabilities and charges | 160/5 | €70,000 | €210,000 | +€140,000 | +200.0% |
| Other liabilities and charges | 164/5 | €70,000 | €210,000 | +€140,000 | +200.0% |
| Amounts payable | 17/49 | €4,202,886 | €4,566,615 | +€363,729 | +8.7% |
| Amounts payable after more than one year | 17 | €793,825 | €910,300 | +€116,475 | +14.7% |
| Financial debts | 170/4 | €793,825 | €910,300 | +€116,475 | +14.7% |
| Credit institutions | 173 | €793,825 | €910,300 | +€116,475 | +14.7% |
| Amounts payable within one year | 42/48 | €3,409,061 | €3,656,315 | +€247,254 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €426,900 | €575,525 | +€148,625 | +34.8% |
| Financial debts | 43 | €115,351 | - | -€115,351 | |
| Credit institutions | 430/8 | €115,351 | - | -€115,351 | |
| Trade debts | 44 | €1,216,571 | €1,464,224 | +€247,653 | +20.4% |
| Suppliers | 440/4 | €1,216,571 | €1,464,224 | +€247,653 | +20.4% |
| Taxes, remuneration and social security | 45 | €965,499 | €931,826 | -€33,673 | -3.5% |
| Taxes | 450/3 | €476,286 | €450,086 | -€26,200 | -5.5% |
| Remuneration and social security | 454/9 | €489,213 | €481,741 | -€7,472 | -1.5% |
| Other amounts payable | 47/48 | €684,740 | €684,740 | = | 0.0% |
| Operating income | 70/76A | €13,538,922 | €12,760,480 | -€778,442 | -5.7% |
| Turnover | 70 | €12,151,264 | €11,968,077 | -€183,187 | -1.5% |
| Other operating income | 74 | €1,230,251 | €727,403 | -€502,848 | -40.9% |
| Non-recurring operating income | 76A | €157,407 | €65,000 | -€92,407 | -58.7% |
| Operating charges | 60/66A | €12,323,764 | €11,578,980 | -€744,784 | -6.0% |
| Goods for resale, raw materials and consumables | 60 | €5,746,612 | €4,581,453 | -€1.2m | -20.3% |
| Purchases | 600/8 | €5,772,769 | €4,593,416 | -€1.2m | -20.4% |
| Change in stocks: decrease (increase) | 609 | -€26,157 | -€11,963 | +€14,194 | +54.3% |
| Services and other goods | 61 | €2,395,199 | €2,477,936 | +€82,737 | +3.5% |
| Remuneration, social security and pensions | 62 | €3,457,845 | €3,780,347 | +€322,502 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €598,841 | €551,553 | -€47,288 | -7.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €70,000 | €160,000 | +€90,000 | +128.6% |
| Other operating charges | 640/8 | €35,650 | €23,135 | -€12,515 | -35.1% |
| Non-recurring operating charges | 66A | €19,617 | €4,555 | -€15,062 | -76.8% |
| Operating profit (loss) | 9901 | €1,215,158 | €1,181,500 | -€33,658 | -2.8% |
| Financial income | 75/76B | €46,637 | €92,567 | +€45,930 | +98.5% |
| Recurring financial income | 75 | €46,637 | €92,567 | +€45,930 | +98.5% |
| Income from current assets | 751 | €42,245 | €92,556 | +€50,311 | +119.1% |
| Other financial income | 752/9 | €4,392 | €10 | -€4,382 | -99.8% |
| Financial charges | 65/66B | €44,247 | €45,629 | +€1,382 | +3.1% |
| Recurring financial charges | 65 | €44,247 | €45,377 | +€1,130 | +2.6% |
| Debt charges | 650 | - | €41,680 | +€41,680 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €40,231 | - | -€40,231 | |
| Other financial charges | 652/9 | €4,016 | €3,697 | -€319 | -7.9% |
| Non-recurring financial charges | 66B | - | €252 | +€252 | |
| Profit (loss) for the period before taxes | 9903 | €1,217,548 | €1,228,438 | +€10,890 | +0.9% |
| Income taxes | 67/77 | €316,375 | €306,978 | -€9,397 | -3.0% |
| Taxes | 670/3 | €316,375 | €306,978 | -€9,397 | -3.0% |
| Profit (loss) for the period | 9904 | €901,173 | €921,460 | +€20,287 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €901,173 | €921,460 | +€20,287 | +2.3% |
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 4 October 2026 via checked.be.