LP INVEST: what changed
LP INVEST
Largest movements
- Stocks and contracts +€242,927
up €242,927 (+276%), from €88,013 to €330,940
- Receivables within one year +€182,499
up €182,499 (+106%), from €171,918 to €354,417
of which Trade receivables: +€176,617
- Cash -€65,707
down €65,707 (-54.0%), from €121,629 to €55,922
mainly Stocks and contracts (-€242,927) and Receivables within one year (-€182,499)
- Tangible fixed assets -€14,777
down €14,777 (-2.8%), from €536,472 to €521,695
of which Land and buildings: -€14,777
- Intangible fixed assets -€12,858
down €12,858 (-96.8%), from €13,279 to €421
- Other debts +€156,356
up €156,356 (+92.3%), from €169,332 to €325,688
- Reserves +€84,371
up €84,371 (+27.7%), from €305,024 to €389,395
- Debts after one year +€71,607
up €71,607 (+34.9%), from €205,022 to €276,628
- Trade debts +€26,713
up €26,713 (+17.6%), from €151,861 to €178,574
- Gross operating margin -€49,314
down €49,314 (-20.3%), from €242,862 to €193,548
- Financial income -€18,281
down €18,281 (-100.0%), from €18,281 to €0
- Depreciation -€11,551
down €11,551 (-22.1%), from €52,186 to €40,635
- Financial charges -€4,455
down €4,455 (-19.1%), from €23,363 to €18,908
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €931,310 | €1,263,571 | +€332,261 | +35.7% |
| Fixed assets | 21/28 | €549,750 | €522,248 | -€27,502 | -5.0% |
| Intangible fixed assets | 21 | €13,279 | €421 | -€12,858 | -96.8% |
| Tangible fixed assets | 22/27 | €536,472 | €521,695 | -€14,777 | -2.8% |
| Land and buildings | 22 | €535,350 | €520,574 | -€14,777 | -2.8% |
| Furniture and vehicles | 24 | €1,121 | €1,121 | = | 0.0% |
| Financial fixed assets | 28 | - | €132 | +€132 | |
| Current assets | 29/58 | €381,560 | €741,323 | +€359,763 | +94.3% |
| Stocks and contracts in progress | 3 | €88,013 | €330,940 | +€242,927 | +276% |
| Stocks | 30/36 | €88,013 | €330,940 | +€242,927 | +276% |
| Amounts receivable within one year | 40/41 | €171,918 | €354,417 | +€182,499 | +106% |
| Trade receivables | 40 | €171,918 | €348,535 | +€176,617 | +103% |
| Other amounts receivable | 41 | - | €5,882 | +€5,882 | |
| Cash at bank and in hand | 54/58 | €121,629 | €55,922 | -€65,707 | -54.0% |
| Deferred charges and accrued income | 490/1 | - | €45 | +€45 | |
| Total equity and liabilities | 10/49 | €931,310 | €1,263,571 | +€332,261 | +35.7% |
| Equity | 10/15 | €315,024 | €399,395 | +€84,371 | +26.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €305,024 | €389,395 | +€84,371 | +27.7% |
| Distributable reserves | 133 | €305,024 | €389,395 | +€84,371 | +27.7% |
| Amounts payable | 17/49 | €616,287 | €864,177 | +€247,890 | +40.2% |
| Amounts payable after more than one year | 17 | €205,022 | €276,628 | +€71,607 | +34.9% |
| Financial debts | 170/4 | €205,022 | €276,628 | +€71,607 | +34.9% |
| Amounts payable within one year | 42/48 | €411,265 | €587,548 | +€176,283 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €12,954 | €13,020 | +€66 | +0.5% |
| Financial debts | 43 | €32,500 | €32,500 | = | 0.0% |
| Credit institutions | 430/8 | €32,500 | €32,500 | = | 0.0% |
| Trade debts | 44 | €151,861 | €178,574 | +€26,713 | +17.6% |
| Suppliers | 440/4 | €151,861 | €178,574 | +€26,713 | +17.6% |
| Taxes, remuneration and social security | 45 | €44,617 | €37,766 | -€6,852 | -15.4% |
| Taxes | 450/3 | €33,820 | €26,969 | -€6,852 | -20.3% |
| Remuneration and social security | 454/9 | €10,797 | €10,797 | = | 0.0% |
| Other amounts payable | 47/48 | €169,332 | €325,688 | +€156,356 | +92.3% |
| Non-recurring operating income | 76A | - | €66,677 | +€66,677 | |
| Remuneration, social security and pensions | 62 | €63 | €50 | -€13 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,186 | €40,635 | -€11,551 | -22.1% |
| Other operating charges | 640/8 | €9,886 | €8,833 | -€1,053 | -10.7% |
| Gross operating margin | 9900 | €242,862 | €193,548 | -€49,314 | -20.3% |
| Operating profit (loss) | 9901 | €180,727 | €144,030 | -€36,697 | -20.3% |
| Financial income | 75/76B | €18,281 | €0 | -€18,281 | -100.0% |
| Recurring financial income | 75 | €18,281 | €0 | -€18,281 | -100.0% |
| Financial charges | 65/66B | €23,363 | €18,908 | -€4,455 | -19.1% |
| Recurring financial charges | 65 | €23,363 | €18,908 | -€4,455 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €175,646 | €125,123 | -€50,523 | -28.8% |
| Income taxes | 67/77 | €43,125 | €40,752 | -€2,373 | -5.5% |
| Profit (loss) for the period | 9904 | €132,521 | €84,371 | -€48,150 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €132,521 | €84,371 | -€48,150 | -36.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.