LCV Development: 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.
What changed
LCV Development
NACE 68.110, Buying and selling of own real estate
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · -€463,230+€2.4m
Equity
€1.6m
2024 · -€273,471+€1.9m
Cash
€72,141
2024 · €49,903+€22,238
Balance sheet total
€8.8m
2024 · €4.2m+€4.6m
Largest movements
Assets
- Stocks and contracts +€3.8m
up €3.8m (+131.6%), from €2.9m to €6.7m
- Receivables within one year +€570,883
up €570,883 (+481.0%), from €118,696 to €689,579
of which Trade receivables: +€309,214
- Tangible fixed assets +€231,174
up €231,174, from €0 to €231,174
of which Furniture and vehicles: +€231,174
Equity and liabilities
- Short-term financial debts +€3.9m
up €3.9m, from €0 to €3.9m
- Profit (loss) carried forward +€1.9m
up €1.9m, from -€653,742 to €1.2m
- Advances received -€640,400
down €640,400 (-100.0%), from €640,400 to €0
- Trade debts -€598,523
down €598,523 (-87.0%), from €688,066 to €89,543
Income statement
- Turnover +€4.7m
up €4.7m, from €0 to €4.7m
- Goods and materials +€1.6m
new in 2025: €1.6m
of which Purchases: +€2.5m
- Services and other goods +€341,673
up €341,673 (+88.2%), from €387,338 to €729,011
- Taxes +€276,727
up €276,727 (+323544.3%), from €86 to €276,813
- Financial charges +€141,483
up €141,483 (+3478.3%), from €4,068 to €145,551
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.
Result 2024
-€463,230
Turnover
+€4.7m
Other operating income
-€7,631
Goods and materials
-€1.6m
Services and other goods
-€341,673
Staff costs
-€39,621
Depreciation
-€17,611
Other operating charges
+€75,891
Financial income
+€4,057
Financial charges
-€141,483
Taxes
-€276,727
Result 2025
€1.9m
Cash bridge derived
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.
From operations
-€3.7m
Investment
-€178,614
Financing
+€3.9m
Cash 2024
€49,903
From operations (derived)
-€3.7m
Net result for the year
+€1.9m
Depreciation
+€17,611
Stocks and contracts
-€3.8m
Receivables within one year
-€570,883
Deferred charges and accrued income
-€16,119
Trade debts
-€598,523
Tax, wage and social debts
-€2,980
Advances received
-€640,400
Other debts
-€32,742
Accrued charges and deferred income
+€13,250
Investment (derived)
-€178,614
Investment in fixed assets (net)
-€228,614
Current investments
+€50,000
Financing
+€3.9m
Short-term financial debts
+€3.9m
Cash 2025
€72,141
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,238,173 | €8,805,395 | +€4.6m | +107.8% |
| Fixed assets | 21/28 | €1,133,272 | €1,344,275 | +€211,003 | +18.6% |
| Tangible fixed assets | 22/27 | €0 | €231,174 | +€231,174 | |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | - | €231,174 | +€231,174 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €1,133,272 | €1,113,101 | -€20,170 | -1.8% |
| Affiliated companies | 280/1 | €1,133,272 | €1,113,101 | -€20,170 | -1.8% |
| Participating interests | 280 | €1,133,272 | €1,113,101 | -€20,170 | -1.8% |
| Current assets | 29/58 | €3,104,902 | €7,461,120 | +€4.4m | +140.3% |
| Stocks and contracts in progress | 3 | €2,884,757 | €6,681,735 | +€3.8m | +131.6% |
| Stocks | 30/36 | €2,884,757 | €6,681,735 | +€3.8m | +131.6% |
| Property held for sale | 35 | €2,884,757 | €6,681,735 | +€3.8m | +131.6% |
| Amounts receivable within one year | 40/41 | €118,696 | €689,579 | +€570,883 | +481.0% |
| Trade receivables | 40 | €118,352 | €427,566 | +€309,214 | +261.3% |
| Other amounts receivable | 41 | €344 | €262,013 | +€261,669 | +76066.6% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Other investments | 51/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €49,903 | €72,141 | +€22,238 | +44.6% |
| Deferred charges and accrued income | 490/1 | €1,545 | €17,664 | +€16,119 | +1043.2% |
| Total equity and liabilities | 10/49 | €4,238,173 | €8,805,395 | +€4.6m | +107.8% |
| Equity | 10/15 | -€273,471 | €1,643,589 | +€1.9m | |
| Contributions | 10/11 | €363,335 | €363,335 | = | 0.0% |
| Capital | 10 | €363,335 | €363,335 | = | 0.0% |
| Issued capital | 100 | €363,335 | €363,335 | = | 0.0% |
| Reserves | 13 | €16,936 | €53,269 | +€36,333 | +214.5% |
| Non-distributable reserves | 130/1 | - | €36,333 | +€36,333 | |
| Legal reserve | 130 | - | €36,333 | +€36,333 | |
| Distributable reserves | 133 | €16,936 | €16,936 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€653,742 | €1,226,985 | +€1.9m | |
| Amounts payable | 17/49 | €4,511,644 | €7,161,806 | +€2.7m | +58.7% |
| Amounts payable within one year | 42/48 | €4,510,844 | €7,147,756 | +€2.6m | +58.5% |
| Financial debts | 43 | €0 | €3,911,556 | +€3.9m | |
| Credit institutions | 430/8 | €0 | €3,911,556 | +€3.9m | |
| Trade debts | 44 | €688,066 | €89,543 | -€598,523 | -87.0% |
| Suppliers | 440/4 | €688,066 | €89,543 | -€598,523 | -87.0% |
| Advances received on contracts in progress | 46 | €640,400 | €0 | -€640,400 | -100.0% |
| Taxes, remuneration and social security | 45 | €98,419 | €95,440 | -€2,980 | -3.0% |
| Taxes | 450/3 | €98,419 | €86,825 | -€11,595 | -11.8% |
| Remuneration and social security | 454/9 | - | €8,615 | +€8,615 | |
| Other amounts payable | 47/48 | €3,083,959 | €3,051,217 | -€32,742 | -1.1% |
| Accrued charges and deferred income | 492/3 | €800 | €14,050 | +€13,250 | +1655.7% |
| Operating income | 70/76A | €8,822 | €4,701,238 | +€4.7m | +53191.2% |
| Turnover | 70 | €0 | €4,700,047 | +€4.7m | |
| Other operating income | 74 | €8,822 | €1,191 | -€7,631 | -86.5% |
| Operating charges | 60/66A | €468,184 | €2,366,157 | +€1.9m | +405.4% |
| Goods for resale, raw materials and consumables | 60 | - | €1,574,959 | +€1.6m | |
| Purchases | 600/8 | €2,884,757 | €5,371,937 | +€2.5m | +86.2% |
| Change in stocks: decrease (increase) | 609 | -€2,884,757 | -€3,796,978 | -€912,221 | -31.6% |
| Services and other goods | 61 | €387,338 | €729,011 | +€341,673 | +88.2% |
| Remuneration, social security and pensions | 62 | - | €39,621 | +€39,621 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €17,611 | +€17,611 | |
| Other operating charges | 640/8 | €80,846 | €4,955 | -€75,891 | -93.9% |
| Operating profit (loss) | 9901 | -€459,362 | €2,335,082 | +€2.8m | |
| Financial income | 75/76B | €285 | €4,342 | +€4,057 | +1422.3% |
| Recurring financial income | 75 | €285 | €4,342 | +€4,057 | +1422.3% |
| Income from current assets | 751 | €285 | €3,847 | +€3,562 | +1249.5% |
| Other financial income | 752/9 | €0 | €495 | +€494 | +380369.2% |
| Financial charges | 65/66B | €4,068 | €145,551 | +€141,483 | +3478.3% |
| Recurring financial charges | 65 | €4,068 | €145,551 | +€141,483 | +3478.3% |
| Debt charges | 650 | €2,569 | €104,950 | +€102,382 | +3986.0% |
| Other financial charges | 652/9 | €1,499 | €40,600 | +€39,101 | +2608.3% |
| Profit (loss) for the period before taxes | 9903 | -€463,145 | €2,193,873 | +€2.7m | |
| Income taxes | 67/77 | €86 | €276,813 | +€276,727 | +323544.3% |
| Taxes | 670/3 | €86 | €276,813 | +€276,727 | +323544.3% |
| Profit (loss) for the period | 9904 | -€463,230 | €1,917,060 | +€2.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€463,230 | €1,917,060 | +€2.4m |
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 9 October 2026 via checked.be.