LVT69: 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.
LVT69
Largest movements
- Stocks and contracts -€16,300
down €16,300 (-26.4%), from €61,737 to €45,437
- Receivables within one year -€9,431
down €9,431 (-6.2%), from €152,829 to €143,398
of which Other amounts receivable: -€20,970
- Cash +€5,443
up €5,443 (+84.1%), from €6,471 to €11,914
mainly Trade debts (+€41,348) and Tax, wage and social debts (+€26,335)
- Tangible fixed assets +€4,608
up €4,608 (+8.8%), from €52,576 to €57,184
of which Plant, machinery and equipment: +€28,184
- Other debts -€54,258
down €54,258 (-87.3%), from €62,131 to €7,873
- Trade debts +€41,348
up €41,348 (+221.8%), from €18,642 to €59,989
- Debts after one year -€31,221
down €31,221 (-39.8%), from €78,355 to €47,134
- Tax, wage and social debts +€26,335
up €26,335 (+80.2%), from €32,821 to €59,156
of which Remuneration and social security: +€20,687
- Current portion of long-term debt +€9,664
up €9,664 (+26.2%), from €36,935 to €46,599
- Gross operating margin +€74,900
up €74,900 (+38.7%), from €193,406 to €268,306
- Staff costs +€69,395
up €69,395 (+43.8%), from €158,510 to €227,905
- Other operating charges +€9,830
up €9,830 (+1128.6%), from €871 to €10,700
- Write-downs -€9,350
down €9,350 (-100.0%), from €9,350 to €0
- Depreciation +€5,367
up €5,367 (+31.3%), from €17,127 to €22,494
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 | €295,506 | €280,382 | -€15,124 | -5.1% |
| Fixed assets | 21/28 | €56,167 | €60,529 | +€4,361 | +7.8% |
| Intangible fixed assets | 21 | €246 | €0 | -€246 | -100.0% |
| Tangible fixed assets | 22/27 | €52,576 | €57,184 | +€4,608 | +8.8% |
| Plant, machinery and equipment | 23 | €15,394 | €43,578 | +€28,184 | +183.1% |
| Furniture and vehicles | 24 | €37,182 | €13,606 | -€23,577 | -63.4% |
| Financial fixed assets | 28 | €3,345 | €3,345 | = | 0.0% |
| Current assets | 29/58 | €239,338 | €219,853 | -€19,485 | -8.1% |
| Stocks and contracts in progress | 3 | €61,737 | €45,437 | -€16,300 | -26.4% |
| Stocks | 30/36 | €61,737 | €45,437 | -€16,300 | -26.4% |
| Amounts receivable within one year | 40/41 | €152,829 | €143,398 | -€9,431 | -6.2% |
| Trade receivables | 40 | €84,708 | €96,246 | +€11,539 | +13.6% |
| Other amounts receivable | 41 | €68,122 | €47,152 | -€20,970 | -30.8% |
| Cash at bank and in hand | 54/58 | €6,471 | €11,914 | +€5,443 | +84.1% |
| Deferred charges and accrued income | 490/1 | €18,300 | €19,104 | +€803 | +4.4% |
| Total equity and liabilities | 10/49 | €295,506 | €280,382 | -€15,124 | -5.1% |
| Equity | 10/15 | €25,972 | €17,816 | -€8,156 | -31.4% |
| Contributions | 10/11 | €52,000 | €52,000 | = | 0.0% |
| Reserves | 13 | €2,200 | €2,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,200 | €2,200 | = | 0.0% |
| Other | 1319 | €2,200 | €2,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,228 | -€36,384 | -€8,156 | -28.9% |
| Amounts payable | 17/49 | €269,533 | €262,566 | -€6,968 | -2.6% |
| Amounts payable after more than one year | 17 | €78,355 | €47,134 | -€31,221 | -39.8% |
| Financial debts | 170/4 | €78,355 | €47,134 | -€31,221 | -39.8% |
| Amounts payable within one year | 42/48 | €189,862 | €209,259 | +€19,397 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €36,935 | €46,599 | +€9,664 | +26.2% |
| Financial debts | 43 | €39,333 | €35,642 | -€3,691 | -9.4% |
| Credit institutions | 430/8 | €39,333 | €35,642 | -€3,691 | -9.4% |
| Trade debts | 44 | €18,642 | €59,989 | +€41,348 | +221.8% |
| Suppliers | 440/4 | €18,642 | €59,989 | +€41,348 | +221.8% |
| Taxes, remuneration and social security | 45 | €32,821 | €59,156 | +€26,335 | +80.2% |
| Taxes | 450/3 | €10,650 | €16,298 | +€5,649 | +53.0% |
| Remuneration and social security | 454/9 | €22,172 | €42,858 | +€20,687 | +93.3% |
| Other amounts payable | 47/48 | €62,131 | €7,873 | -€54,258 | -87.3% |
| Accrued charges and deferred income | 492/3 | €1,317 | €6,172 | +€4,856 | +368.8% |
| Non-recurring operating income | 76A | €4,482 | €3,885 | -€597 | -13.3% |
| Remuneration, social security and pensions | 62 | €158,510 | €227,905 | +€69,395 | +43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,127 | €22,494 | +€5,367 | +31.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,350 | €0 | -€9,350 | -100.0% |
| Other operating charges | 640/8 | €871 | €10,700 | +€9,830 | +1128.6% |
| Non-recurring operating charges | 66A | €1,568 | €0 | -€1,568 | -100.0% |
| Gross operating margin | 9900 | €193,406 | €268,306 | +€74,900 | +38.7% |
| Operating profit (loss) | 9901 | €5,981 | €7,207 | +€1,225 | +20.5% |
| Financial income | 75/76B | €505 | €2,006 | +€1,502 | +297.5% |
| Recurring financial income | 75 | €505 | €2,006 | +€1,502 | +297.5% |
| Financial charges | 65/66B | €9,834 | €12,093 | +€2,258 | +23.0% |
| Recurring financial charges | 65 | €9,834 | €12,093 | +€2,258 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,348 | -€2,880 | +€469 | +14.0% |
| Income taxes | 67/77 | €2,676 | €5,276 | +€2,601 | +97.2% |
| Profit (loss) for the period | 9904 | -€6,024 | -€8,156 | -€2,132 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,024 | -€8,156 | -€2,132 | -35.4% |
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.