LPC Group Belgium: 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
LPC Group Belgium
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€288,641
2024 · €680,974-€392,334
Equity
€37.6m
2024 · €37.3m+€288,641
Cash
€6,815
2024 · €86,148-€79,333
Balance sheet total
€48.0m
2024 · €58.2m-€10.1m
Largest movements
Assets
- Financial fixed assets -€10.0m
down €10.0m (-17.8%), from €56.3m to €46.3m
- Deferred charges and accrued income -€1.1m
down €1.1m (-61.1%), from €1.7m to €673,892
- Receivables within one year +€1.0m
up €1.0m (+1,530%), from €66,796 to €1.1m
Equity and liabilities
- Other debts -€10.5m
down €10.5m (-51.5%), from €20.4m to €9.9m
Income statement
No income-statement line moved by more than 1% of the activity.
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
€680,974
Other operating charges
-€615
Other operating items
-€12,451
Financial income
-€101,122
Financial charges
-€513,975
Taxes
+€235,829
Result 2025
€288,641
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€10.1m
Investment
+€10.0m
Financing
€0
Cash 2024
€86,148
From operations (derived)
-€10.1m
Net result for the year
+€288,641
Depreciation
+€2,104
Receivables within one year
-€1.0m
Deferred charges and accrued income
+€1.1m
Trade debts
+€9,041
Tax, wage and social debts
-€424,554
Other debts
-€10.5m
Accrued charges and deferred income
+€518,500
Investment (derived)
+€10.0m
Investment in fixed assets (net)
+€10.0m
Cash 2025
€6,815
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,166,305 | €48,047,934 | -€10.1m | -17.4% |
| Formation expenses | 20 | €6,317 | €4,213 | -€2,104 | -33.3% |
| Fixed assets | 21/28 | €56,274,000 | €46,274,000 | -€10.0m | -17.8% |
| Financial fixed assets | 28 | €56,274,000 | €46,274,000 | -€10.0m | -17.8% |
| Affiliated companies | 280/1 | €56,274,000 | €46,274,000 | -€10.0m | -17.8% |
| Participating interests | 280 | €42,274,000 | €42,274,000 | = | 0.0% |
| Amounts receivable | 281 | €14,000,000 | €4,000,000 | -€10.0m | -71.4% |
| Current assets | 29/58 | €1,885,988 | €1,769,721 | -€116,267 | -6.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €66,796 | €1,089,014 | +€1.0m | +1,530% |
| Other amounts receivable | 41 | €66,796 | €1,089,014 | +€1.0m | +1,530% |
| Cash at bank and in hand | 54/58 | €86,148 | €6,815 | -€79,333 | -92.1% |
| Deferred charges and accrued income | 490/1 | €1,733,044 | €673,892 | -€1.1m | -61.1% |
| Total equity and liabilities | 10/49 | €58,166,305 | €48,047,934 | -€10.1m | -17.4% |
| Equity | 10/15 | €37,306,556 | €37,595,197 | +€288,641 | +0.8% |
| Contributions | 10/11 | €34,877,000 | €34,877,000 | = | 0.0% |
| Capital | 10 | €34,877,000 | €34,877,000 | = | 0.0% |
| Issued capital | 100 | €34,877,000 | €34,877,000 | = | 0.0% |
| Reserves | 13 | €2,421,478 | €2,435,910 | +€14,432 | +0.6% |
| Non-distributable reserves | 130/1 | €121,478 | €135,910 | +€14,432 | +11.9% |
| Legal reserve | 130 | €121,478 | €135,910 | +€14,432 | +11.9% |
| Distributable reserves | 133 | €2,300,000 | €2,300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,078 | €282,287 | +€274,209 | +3,394% |
| Amounts payable | 17/49 | €20,859,749 | €10,452,737 | -€10.4m | -49.9% |
| Amounts payable within one year | 42/48 | €20,859,749 | €9,934,237 | -€10.9m | -52.4% |
| Trade debts | 44 | €10,696 | €19,737 | +€9,041 | +84.5% |
| Suppliers | 440/4 | €10,696 | €19,737 | +€9,041 | +84.5% |
| Taxes, remuneration and social security | 45 | €424,554 | €0 | -€424,554 | -100% |
| Taxes | 450/3 | €424,554 | €0 | -€424,554 | -100% |
| Other amounts payable | 47/48 | €20,424,500 | €9,914,500 | -€10.5m | -51.5% |
| Accrued charges and deferred income | 492/3 | - | €518,500 | +€518,500 | |
| Operating income | 70/76A | €0 | - | = | |
| Other operating income | 74 | €0 | - | = | |
| Operating charges | 60/66A | €19,490 | €32,555 | +€13,066 | +67.0% |
| Services and other goods | 61 | €16,857 | €29,308 | +€12,451 | +73.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,104 | €2,104 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €1,143 | +€615 | +116% |
| Operating profit (loss) | 9901 | -€19,490 | -€32,555 | -€13,066 | -67.0% |
| Financial income | 75/76B | €936,908 | €835,787 | -€101,122 | -10.8% |
| Recurring financial income | 75 | €936,908 | €835,787 | -€101,122 | -10.8% |
| Income from financial fixed assets | 750 | €936,908 | €835,787 | -€101,122 | -10.8% |
| Financial charges | 65/66B | €616 | €514,591 | +€513,975 | +83,486% |
| Recurring financial charges | 65 | €616 | €514,591 | +€513,975 | +83,486% |
| Debt charges | 650 | - | €513,963 | +€513,963 | |
| Other financial charges | 652/9 | €616 | €628 | +€12 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €916,803 | €288,641 | -€628,163 | -68.5% |
| Income taxes | 67/77 | €235,829 | €0 | -€235,829 | -100% |
| Taxes | 670/3 | €235,829 | €0 | -€235,829 | -100% |
| Profit (loss) for the period | 9904 | €680,974 | €288,641 | -€392,334 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €680,974 | €288,641 | -€392,334 | -57.6% |
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.