LPJ HOLDING: 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.
LPJ HOLDING
Largest movements
- Current investments +€75,000
new in 2025: €75,000
- Cash -€19,375
down €19,375 (-32.9%), from €58,818 to €39,443
mainly Current investments (-€75,000) and Deferred charges and accrued income (-€5,728)
- Deferred charges and accrued income +€5,728
new in 2025: €5,728
- Other debts +€30,017
up €30,017 (+93.8%), from €32,005 to €62,022
- Profit (loss) carried forward +€20,648
up €20,648 (+152%), from €13,605 to €34,253
- Tax, wage and social debts +€7,067
up €7,067 (+38.2%), from €18,503 to €25,570
- Gross operating margin +€13,778
up €13,778 (+58.2%), from €23,667 to €37,445
- Taxes +€6,262
up €6,262 (+109%), from €5,735 to €11,996
- Financial income +€721
new in 2025: €721
- Financial charges +€688
up €688 (+23.9%), from €2,876 to €3,564
- Depreciation +€552
up €552 (+48.5%), from €1,138 to €1,691
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €321,132 | €380,794 | +€59,662 | +18.6% |
| Formation expenses | 20 | €7,314 | €5,624 | -€1,691 | -23.1% |
| Fixed assets | 21/28 | €255,000 | €255,000 | = | 0.0% |
| Financial fixed assets | 28 | €255,000 | €255,000 | = | 0.0% |
| Current assets | 29/58 | €58,818 | €120,171 | +€61,353 | +104% |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €58,818 | €39,443 | -€19,375 | -32.9% |
| Deferred charges and accrued income | 490/1 | - | €5,728 | +€5,728 | |
| Total equity and liabilities | 10/49 | €321,132 | €380,794 | +€59,662 | +18.6% |
| Equity | 10/15 | €15,605 | €36,253 | +€20,648 | +132% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,605 | €34,253 | +€20,648 | +152% |
| Amounts payable | 17/49 | €305,527 | €344,542 | +€39,015 | +12.8% |
| Amounts payable after more than one year | 17 | €255,000 | €255,000 | = | 0.0% |
| Financial debts | 170/4 | €255,000 | €255,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,527 | €88,339 | +€37,812 | +74.8% |
| Trade debts | 44 | €19 | €747 | +€728 | +3,844% |
| Suppliers | 440/4 | €19 | €747 | +€728 | +3,844% |
| Taxes, remuneration and social security | 45 | €18,503 | €25,570 | +€7,067 | +38.2% |
| Taxes | 450/3 | €18,503 | €25,570 | +€7,067 | +38.2% |
| Other amounts payable | 47/48 | €32,005 | €62,022 | +€30,017 | +93.8% |
| Accrued charges and deferred income | 492/3 | - | €1,203 | +€1,203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,138 | €1,691 | +€552 | +48.5% |
| Other operating charges | 640/8 | €313 | €268 | -€44 | -14.2% |
| Gross operating margin | 9900 | €23,667 | €37,445 | +€13,778 | +58.2% |
| Operating profit (loss) | 9901 | €22,216 | €35,486 | +€13,270 | +59.7% |
| Financial income | 75/76B | - | €721 | +€721 | |
| Recurring financial income | 75 | - | €721 | +€721 | |
| Financial charges | 65/66B | €2,876 | €3,564 | +€688 | +23.9% |
| Recurring financial charges | 65 | €2,876 | €3,564 | +€688 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | €19,340 | €32,644 | +€13,304 | +68.8% |
| Income taxes | 67/77 | €5,735 | €11,996 | +€6,262 | +109% |
| Profit (loss) for the period | 9904 | €13,605 | €20,648 | +€7,043 | +51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,605 | €20,648 | +€7,043 | +51.8% |
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 26 October 2026 via checked.be.