L.P.V. INVESTS: 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.
L.P.V. INVESTS
Largest movements
- Cash +€546,392
up €546,392 (+10,328%), from €5,290 to €551,682
mainly Net result for the year (+€281,883) and Investment in fixed assets (net) (+€168,065)
- Tangible fixed assets -€168,065
down €168,065 (-100%), from €168,065 to €0
- Receivables within one year +€40,629
up €40,629 (+40.2%), from €101,040 to €141,669
of which Other amounts receivable: +€41,629
- Reserves +€308,643
up €308,643 (+251%), from €122,792 to €431,435
of which Tax-exempt reserves: +€358,643
- Provisions +€132,048
new in 2025: €132,048
- Profit (loss) carried forward -€76,760
down €76,760 (-91.7%), from €83,719 to €6,960
- Other debts +€45,355
up €45,355 (+976%), from €4,645 to €50,000
- Tax, wage and social debts +€9,947
up €9,947, from €0 to €9,947
- Gross operating margin +€519,072
up €519,072 (+5,809%), from €8,935 to €528,007
- Taxes +€30,820
up €30,820, from €0 to €30,820
- Depreciation -€8,603
down €8,603 (-100%), from €8,603 to €0
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €274,395 | €693,351 | +€418,956 | +153% |
| Fixed assets | 21/28 | €168,065 | €0 | -€168,065 | -100% |
| Tangible fixed assets | 22/27 | €168,065 | €0 | -€168,065 | -100% |
| Land and buildings | 22 | €168,065 | €0 | -€168,065 | -100% |
| Current assets | 29/58 | €106,330 | €693,351 | +€587,021 | +552% |
| Amounts receivable within one year | 40/41 | €101,040 | €141,669 | +€40,629 | +40.2% |
| Trade receivables | 40 | €1,000 | €0 | -€1,000 | -100% |
| Other amounts receivable | 41 | €100,040 | €141,669 | +€41,629 | +41.6% |
| Cash at bank and in hand | 54/58 | €5,290 | €551,682 | +€546,392 | +10,328% |
| Total equity and liabilities | 10/49 | €274,395 | €693,351 | +€418,956 | +153% |
| Equity | 10/15 | €268,485 | €500,368 | +€231,883 | +86.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €122,792 | €431,435 | +€308,643 | +251% |
| Non-distributable reserves | 130/1 | €11,000 | €11,000 | = | 0.0% |
| Legal reserve | 130 | €11,000 | €11,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €396,143 | +€358,643 | +956% |
| Distributable reserves | 133 | €74,292 | €24,292 | -€50,000 | -67.3% |
| Profit (loss) carried forward | 14 | €83,719 | €6,960 | -€76,760 | -91.7% |
| Provisions and deferred taxes | 16 | - | €132,048 | +€132,048 | |
| Deferred taxes | 168 | - | €132,048 | +€132,048 | |
| Amounts payable | 17/49 | €5,910 | €60,935 | +€55,025 | +931% |
| Amounts payable within one year | 42/48 | €5,910 | €60,935 | +€55,025 | +931% |
| Trade debts | 44 | €1,265 | €988 | -€277 | -21.9% |
| Suppliers | 440/4 | €1,265 | €988 | -€277 | -21.9% |
| Taxes, remuneration and social security | 45 | €0 | €9,947 | +€9,947 | |
| Taxes | 450/3 | €0 | €9,947 | +€9,947 | |
| Other amounts payable | 47/48 | €4,645 | €50,000 | +€45,355 | +976% |
| Non-recurring operating income | 76A | - | €556,935 | +€556,935 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,603 | €0 | -€8,603 | -100% |
| Other operating charges | 640/8 | €8,405 | €5,074 | -€3,331 | -39.6% |
| Non-recurring operating charges | 66A | €0 | €75,000 | +€75,000 | |
| Gross operating margin | 9900 | €8,935 | €528,007 | +€519,072 | +5,809% |
| Operating profit (loss) | 9901 | -€8,073 | €447,933 | +€456,006 | |
| Financial income | 75/76B | €77 | €190 | +€114 | +148% |
| Recurring financial income | 75 | €77 | €190 | +€114 | +148% |
| Financial charges | 65/66B | €740 | €3,372 | +€2,632 | +356% |
| Recurring financial charges | 65 | €740 | €3,372 | +€2,632 | +356% |
| Profit (loss) for the period before taxes | 9903 | -€8,736 | €444,751 | +€453,487 | |
| Transfer to deferred taxes | 680 | - | €132,048 | +€132,048 | |
| Income taxes | 67/77 | €0 | €30,820 | +€30,820 | |
| Profit (loss) for the period | 9904 | -€8,736 | €281,883 | +€290,619 | |
| Transfer from tax-exempt reserves | 789 | - | €37,500 | +€37,500 | |
| Transfer to tax-exempt reserves | 689 | - | €396,143 | +€396,143 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,736 | -€76,760 | -€68,024 | -779% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.