LHV IMMO: 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.
LHV IMMO
Largest movements
- Cash +€36,370
up €36,370 (+37.8%), from €96,316 to €132,686
mainly Current portion of long-term debt (+€25,171) and Depreciation (+€24,325)
- Tangible fixed assets -€24,325
down €24,325 (-3.0%), from €810,671 to €786,345
of which Land and buildings: -€26,026
- Debts after one year -€33,285
down €33,285 (-4.4%), from €763,571 to €730,286
of which Financial debts: -€33,285
- Current portion of long-term debt +€25,171
up €25,171 (+310.2%), from €8,115 to €33,285
- Profit (loss) carried forward +€16,967
up €16,967 (+31.0%), from €54,716 to €71,683
- Trade debts +€9,946
up €9,946 (+16.7%), from €59,457 to €69,403
- Gross operating margin +€4,770
up €4,770 (+9.3%), from €51,138 to €55,907
- Write-downs +€985
no longer reported in 2024 (was -€985)
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 | €909,872 | €920,024 | +€10,151 | +1.1% |
| Fixed assets | 21/28 | €810,671 | €786,345 | -€24,325 | -3.0% |
| Tangible fixed assets | 22/27 | €810,671 | €786,345 | -€24,325 | -3.0% |
| Land and buildings | 22 | €810,058 | €784,032 | -€26,026 | -3.2% |
| Plant, machinery and equipment | 23 | €613 | €2,313 | +€1,701 | +277.7% |
| Current assets | 29/58 | €99,202 | €133,678 | +€34,477 | +34.8% |
| Cash at bank and in hand | 54/58 | €96,316 | €132,686 | +€36,370 | +37.8% |
| Deferred charges and accrued income | 490/1 | €2,886 | €993 | -€1,893 | -65.6% |
| Total equity and liabilities | 10/49 | €909,872 | €920,024 | +€10,151 | +1.1% |
| Equity | 10/15 | €61,428 | €78,395 | +€16,967 | +27.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €512 | €512 | = | 0.0% |
| Non-distributable reserves | 130/1 | €512 | €512 | = | 0.0% |
| Reserves not available under the articles | 1311 | €512 | €512 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,716 | €71,683 | +€16,967 | +31.0% |
| Amounts payable | 17/49 | €848,444 | €841,628 | -€6,816 | -0.8% |
| Amounts payable after more than one year | 17 | €763,571 | €730,286 | -€33,285 | -4.4% |
| Financial debts | 170/4 | €451,993 | €418,707 | -€33,285 | -7.4% |
| Other amounts payable | 178/9 | €311,578 | €311,578 | = | 0.0% |
| Amounts payable within one year | 42/48 | €82,373 | €111,343 | +€28,970 | +35.2% |
| Current portion of amounts payable after more than one year | 42 | €8,115 | €33,285 | +€25,171 | +310.2% |
| Trade debts | 44 | €59,457 | €69,403 | +€9,946 | +16.7% |
| Suppliers | 440/4 | €59,457 | €69,403 | +€9,946 | +16.7% |
| Taxes, remuneration and social security | 45 | €13,671 | €7,525 | -€6,146 | -45.0% |
| Taxes | 450/3 | €13,671 | €7,525 | -€6,146 | -45.0% |
| Other amounts payable | 47/48 | €1,130 | €1,130 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,500 | - | -€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,306 | €24,325 | +€20 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€985 | - | +€985 | |
| Other operating charges | 640/8 | €6,965 | €7,216 | +€251 | +3.6% |
| Gross operating margin | 9900 | €51,138 | €55,907 | +€4,770 | +9.3% |
| Operating profit (loss) | 9901 | €20,851 | €24,366 | +€3,515 | +16.9% |
| Financial charges | 65/66B | €1,901 | €1,719 | -€182 | -9.6% |
| Recurring financial charges | 65 | €1,901 | €1,719 | -€182 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €18,950 | €22,647 | +€3,697 | +19.5% |
| Income taxes | 67/77 | €5,195 | €5,680 | +€485 | +9.3% |
| Profit (loss) for the period | 9904 | €13,755 | €16,967 | +€3,212 | +23.3% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €13,755 | €16,967 | +€3,212 | +23.3% |
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 10 October 2026 via checked.be.