LP INVEST: what changed
LP INVEST
Largest movements
- Tangible fixed assets -€666,304
down €666,304 (-25.3%), from €2.6m to €2.0m
- Cash +€314,682
up €314,682 (+379%), from €83,035 to €397,717
mainly Other debts (+€544,896) and Investment in fixed assets (net) (+€433,384)
- Reserves -€856,264
down €856,264 (-32.2%), from €2.7m to €1.8m
of which Distributable reserves: -€853,572
- Other debts +€544,896
up €544,896 (+1,090%), from €50,000 to €594,896
- Gross operating margin +€95,514
up €95,514 (+26.4%), from €361,335 to €456,849
- Financial income -€42,692
down €42,692 (-72.8%), from €58,614 to €15,922
- Depreciation +€17,260
up €17,260 (+8.0%), from €215,660 to €232,920
- Taxes +€17,233
up €17,233 (+43.5%), from €39,574 to €56,807
- Other operating charges +€6,984
up €6,984 (+23.7%), from €29,525 to €36,508
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,045,802 | €2,692,281 | -€353,521 | -11.6% |
| Fixed assets | 21/28 | €2,632,404 | €1,966,100 | -€666,304 | -25.3% |
| Tangible fixed assets | 22/27 | €2,632,404 | €1,966,100 | -€666,304 | -25.3% |
| Land and buildings | 22 | €2,632,404 | €1,966,100 | -€666,304 | -25.3% |
| Current assets | 29/58 | €413,397 | €726,180 | +€312,783 | +75.7% |
| Current investments | 50/53 | €325,122 | €322,274 | -€2,849 | -0.9% |
| Cash at bank and in hand | 54/58 | €83,035 | €397,717 | +€314,682 | +379% |
| Deferred charges and accrued income | 490/1 | €5,240 | €6,190 | +€949 | +18.1% |
| Total equity and liabilities | 10/49 | €3,045,802 | €2,692,281 | -€353,521 | -11.6% |
| Equity | 10/15 | €2,941,129 | €2,042,146 | -€898,983 | -30.6% |
| Contributions | 10/11 | €73,842 | €46,928 | -€26,914 | -36.4% |
| Reserves | 13 | €2,655,206 | €1,798,942 | -€856,264 | -32.2% |
| Non-distributable reserves | 130/1 | €7,387 | €4,695 | -€2,692 | -36.4% |
| Reserves not available under the articles | 1311 | €7,387 | €4,695 | -€2,692 | -36.4% |
| Tax-exempt reserves | 132 | €15,405 | €15,405 | = | 0.0% |
| Distributable reserves | 133 | €2,632,413 | €1,778,842 | -€853,572 | -32.4% |
| Investment grants | 15 | €212,081 | €196,276 | -€15,805 | -7.5% |
| Amounts payable | 17/49 | €104,673 | €650,135 | +€545,462 | +521% |
| Amounts payable within one year | 42/48 | €103,173 | €645,635 | +€542,462 | +526% |
| Taxes, remuneration and social security | 45 | €53,173 | €50,739 | -€2,434 | -4.6% |
| Taxes | 450/3 | €53,173 | €50,739 | -€2,434 | -4.6% |
| Other amounts payable | 47/48 | €50,000 | €594,896 | +€544,896 | +1,090% |
| Accrued charges and deferred income | 492/3 | €1,500 | €4,500 | +€3,000 | +200% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215,660 | €232,920 | +€17,260 | +8.0% |
| Other operating charges | 640/8 | €29,525 | €36,508 | +€6,984 | +23.7% |
| Non-recurring operating charges | 66A | - | €38,924 | +€38,924 | |
| Gross operating margin | 9900 | €361,335 | €456,849 | +€95,514 | +26.4% |
| Operating profit (loss) | 9901 | €116,150 | €148,497 | +€32,347 | +27.8% |
| Financial income | 75/76B | €58,614 | €15,922 | -€42,692 | -72.8% |
| Recurring financial income | 75 | €58,614 | €15,922 | -€42,692 | -72.8% |
| Financial charges | 65/66B | €6,086 | €1,728 | -€4,358 | -71.6% |
| Recurring financial charges | 65 | €6,086 | €1,728 | -€4,358 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | €168,678 | €162,691 | -€5,987 | -3.5% |
| Income taxes | 67/77 | €39,574 | €56,807 | +€17,233 | +43.5% |
| Profit (loss) for the period | 9904 | €129,104 | €105,884 | -€23,220 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €129,104 | €105,884 | -€23,220 | -18.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.