LPI Holdco: 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
LPI Holdco
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€472,881
2024 · €3.1m-€2.6m
Equity
€62.6m
2024 · €62.1m+€472,881
Cash
€97,928
2024 · €70,586+€27,343
Balance sheet total
€66.2m
2024 · €62.1m+€4.1m
Largest movements
Assets
- Financial fixed assets +€6.4m
up €6.4m (+10.8%), from €59.4m to €65.8m
- Current investments -€2.5m
no longer reported in 2025 (was €2.5m)
Equity and liabilities
- Debts after one year +€3.6m
new in 2025: €3.6m
Income statement
- Financial income -€2.6m
down €2.6m (-79.4%), from €3.3m to €683,172
of which Non-recurring financial income: -€2.7m
- Services and other goods +€74,467
up €74,467 (+32.2%), from €231,564 to €306,032
- Taxes -€51,754
down €51,754 (-29.5%), from €175,312 to €123,558
- Turnover +€35,000
up €35,000 (+17.7%), from €197,500 to €232,500
- Financial charges +€11,856
up €11,856 (+5,819%), from €204 to €12,060
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
€3.1m
Turnover
+€35,000
Services and other goods
-€74,467
Other operating charges
-€35
Financial income
-€2.6m
Financial charges
-€11,856
Taxes
+€51,754
Result 2025
€472,881
raises the resultlowers the result
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
+€339,402
Investment
-€3.9m
Financing
+€3.6m
Cash 2024
€70,586
From operations (derived)
+€339,402
Net result for the year
+€472,881
Receivables within one year
-€154,880
Smaller working-capital items
+€21,401
Investment (derived)
-€3.9m
Investment in fixed assets (net)
-€6.4m
Current investments
+€2.5m
Financing
+€3.6m
Debts after one year
+€3.6m
Cash 2025
€97,928
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,108,997 | €66,203,278 | +€4.1m | +6.6% |
| Fixed assets | 21/28 | €59,385,695 | €65,797,754 | +€6.4m | +10.8% |
| Financial fixed assets | 28 | €59,385,695 | €65,797,754 | +€6.4m | +10.8% |
| Affiliated companies | 280/1 | €59,385,695 | €65,797,754 | +€6.4m | +10.8% |
| Participating interests | 280 | €53,290,355 | €59,153,834 | +€5.9m | +11.0% |
| Amounts receivable | 281 | €6,095,339 | €6,643,920 | +€548,581 | +9.0% |
| Current assets | 29/58 | €2,723,302 | €405,524 | -€2.3m | -85.1% |
| Amounts receivable within one year | 40/41 | €151,285 | €306,165 | +€154,880 | +102% |
| Trade receivables | 40 | €127,050 | €281,325 | +€154,275 | +121% |
| Other amounts receivable | 41 | €24,235 | €24,840 | +€605 | +2.5% |
| Current investments | 50/53 | €2,500,000 | - | -€2.5m | |
| Other investments | 51/53 | €2,500,000 | - | -€2.5m | |
| Cash at bank and in hand | 54/58 | €70,586 | €97,928 | +€27,343 | +38.7% |
| Deferred charges and accrued income | 490/1 | €1,432 | €1,432 | = | 0.0% |
| Total equity and liabilities | 10/49 | €62,108,997 | €66,203,278 | +€4.1m | +6.6% |
| Equity | 10/15 | €62,079,942 | €62,552,822 | +€472,881 | +0.8% |
| Contributions | 10/11 | €56,671,100 | €56,671,100 | = | 0.0% |
| Capital | 10 | €56,671,100 | €56,671,100 | = | 0.0% |
| Issued capital | 100 | €56,671,100 | €56,671,100 | = | 0.0% |
| Reserves | 13 | €270,822 | €294,466 | +€23,644 | +8.7% |
| Non-distributable reserves | 130/1 | €270,822 | €294,466 | +€23,644 | +8.7% |
| Legal reserve | 130 | €270,822 | €294,466 | +€23,644 | +8.7% |
| Profit (loss) carried forward | 14 | €5,138,020 | €5,587,257 | +€449,237 | +8.7% |
| Amounts payable | 17/49 | €29,055 | €3,650,456 | +€3.6m | +12,464% |
| Amounts payable after more than one year | 17 | - | €3,600,000 | +€3.6m | |
| Financial debts | 170/4 | - | €3,600,000 | +€3.6m | |
| Other loans | 174 | - | €3,600,000 | +€3.6m | |
| Amounts payable within one year | 42/48 | €23,715 | €33,195 | +€9,480 | +40.0% |
| Taxes, remuneration and social security | 45 | €23,715 | €33,195 | +€9,480 | +40.0% |
| Taxes | 450/3 | €23,715 | €33,195 | +€9,480 | +40.0% |
| Accrued charges and deferred income | 492/3 | €5,340 | €17,261 | +€11,921 | +223% |
| Operating income | 70/76A | €197,500 | €232,500 | +€35,000 | +17.7% |
| Turnover | 70 | €197,500 | €232,500 | +€35,000 | +17.7% |
| Operating charges | 60/66A | €232,672 | €307,174 | +€74,502 | +32.0% |
| Services and other goods | 61 | €231,564 | €306,032 | +€74,467 | +32.2% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Operating profit (loss) | 9901 | -€35,172 | -€74,674 | -€39,502 | -112% |
| Financial income | 75/76B | €3,309,126 | €683,172 | -€2.6m | -79.4% |
| Recurring financial income | 75 | €525,416 | €570,975 | +€45,560 | +8.7% |
| Income from financial fixed assets | 750 | €478,856 | €548,581 | +€69,724 | +14.6% |
| Income from current assets | 751 | €46,559 | €22,395 | -€24,164 | -51.9% |
| Non-recurring financial income | 76B | €2,783,710 | €112,197 | -€2.7m | -96.0% |
| Financial charges | 65/66B | €204 | €12,060 | +€11,856 | +5,819% |
| Recurring financial charges | 65 | €204 | €12,060 | +€11,856 | +5,819% |
| Debt charges | 650 | - | €11,856 | +€11,856 | |
| Other financial charges | 652/9 | €204 | €204 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €3,273,750 | €596,438 | -€2.7m | -81.8% |
| Income taxes | 67/77 | €175,312 | €123,558 | -€51,754 | -29.5% |
| Taxes | 670/3 | €175,312 | €123,558 | -€51,754 | -29.5% |
| Profit (loss) for the period | 9904 | €3,098,438 | €472,881 | -€2.6m | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,098,438 | €472,881 | -€2.6m | -84.7% |
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 30 October 2026 via checked.be.