LPM INVESTMENT: what changed
What changed
LPM INVESTMENT
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€185,604
2024 · -€86,590-€99,015
Equity
-€50,818
2024 · €134,786-€185,604
Cash
€28,584
2024 · €246+€28,337
Balance sheet total
€3.8m
2024 · €499,552+€3.3m
Largest movements
Assets
- Financial fixed assets +€2.9m
up €2.9m (+1,366%), from €211,500 to €3.1m
- Receivables within one year +€272,395
up €272,395 (+119%), from €229,679 to €502,074
of which Trade receivables: +€237,801
- Current investments +€160,000
new in 2025: €160,000
- Deferred charges and accrued income -€58,127
down €58,127 (-100%), from €58,127 to €0
Equity and liabilities
- Short-term financial debts +€2.1m
new in 2025: €2.1m
- Debts after one year +€1.2m
new in 2025: €1.2m
- Trade debts +€245,250
up €245,250 (+5,063%), from €4,844 to €250,095
- Profit (loss) carried forward -€185,604
down €185,604 (-51.2%), from -€362,414 to -€548,018
Income statement
- Gross operating margin -€73,223
down €73,223 (-861%), from -€8,500 to -€81,723
- Financial charges +€15,173
up €15,173 (+15.9%), from €95,594 to €110,767
- Financial income -€11,739
down €11,739 (-58.9%), from €19,946 to €8,208
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.
Result 2024
-€86,590
Gross operating margin
-€73,223
Other operating charges
+€140
Other operating items
+€979
Financial income
-€11,739
Financial charges
-€15,173
Result 2025
-€185,604
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€184,617
Investment
-€3.0m
Financing
+€3.3m
Cash 2024
€246
From operations (derived)
-€184,617
Net result for the year
-€185,604
Receivables within one year
-€272,395
Deferred charges and accrued income
+€58,127
Trade debts
+€245,250
Tax, wage and social debts
-€27,031
Other debts
-€10,976
Accrued charges and deferred income
+€8,013
Investment (derived)
-€3.0m
Investment in fixed assets (net)
-€2.9m
Current investments
-€160,000
Financing
+€3.3m
Debts after one year
+€1.2m
Short-term financial debts
+€2.1m
Cash 2025
€28,584
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €499,552 | €3,790,254 | +€3.3m | +659% |
| Fixed assets | 21/28 | €211,500 | €3,099,596 | +€2.9m | +1,366% |
| Financial fixed assets | 28 | €211,500 | €3,099,596 | +€2.9m | +1,366% |
| Current assets | 29/58 | €288,052 | €690,658 | +€402,606 | +140% |
| Amounts receivable within one year | 40/41 | €229,679 | €502,074 | +€272,395 | +119% |
| Trade receivables | 40 | - | €237,801 | +€237,801 | |
| Other amounts receivable | 41 | €229,679 | €264,273 | +€34,594 | +15.1% |
| Current investments | 50/53 | - | €160,000 | +€160,000 | |
| Cash at bank and in hand | 54/58 | €246 | €28,584 | +€28,337 | +11,508% |
| Deferred charges and accrued income | 490/1 | €58,127 | €0 | -€58,127 | -100% |
| Total equity and liabilities | 10/49 | €499,552 | €3,790,254 | +€3.3m | +659% |
| Equity | 10/15 | €134,786 | -€50,818 | -€185,604 | |
| Contributions | 10/11 | €497,200 | €497,200 | = | 0.0% |
| Capital | 10 | €497,200 | €497,200 | = | 0.0% |
| Issued capital | 100 | €497,200 | €497,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€362,414 | -€548,018 | -€185,604 | -51.2% |
| Amounts payable | 17/49 | €364,765 | €3,841,071 | +€3.5m | +953% |
| Amounts payable after more than one year | 17 | - | €1,161,050 | +€1.2m | |
| Financial debts | 170/4 | - | €1,161,050 | +€1.2m | |
| Amounts payable within one year | 42/48 | €364,437 | €2,671,680 | +€2.3m | +633% |
| Financial debts | 43 | - | €2,100,000 | +€2.1m | |
| Credit institutions | 430/8 | - | €2,100,000 | +€2.1m | |
| Trade debts | 44 | €4,844 | €250,095 | +€245,250 | +5,063% |
| Suppliers | 440/4 | €4,844 | €250,095 | +€245,250 | +5,063% |
| Taxes, remuneration and social security | 45 | €27,031 | €0 | -€27,031 | -100% |
| Taxes | 450/3 | €27,031 | €0 | -€27,031 | -100% |
| Other amounts payable | 47/48 | €332,561 | €321,585 | -€10,976 | -3.3% |
| Accrued charges and deferred income | 492/3 | €329 | €8,342 | +€8,013 | +2,436% |
| Other operating charges | 640/8 | €1,462 | €1,322 | -€140 | -9.6% |
| Non-recurring operating charges | 66A | €979 | €0 | -€979 | -100% |
| Gross operating margin | 9900 | -€8,500 | -€81,723 | -€73,223 | -861% |
| Operating profit (loss) | 9901 | -€10,941 | -€83,045 | -€72,104 | -659% |
| Financial income | 75/76B | €19,946 | €8,208 | -€11,739 | -58.9% |
| Recurring financial income | 75 | €19,946 | €8,208 | -€11,739 | -58.9% |
| Financial charges | 65/66B | €95,594 | €110,767 | +€15,173 | +15.9% |
| Recurring financial charges | 65 | €95,594 | €110,767 | +€15,173 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | -€86,590 | -€185,604 | -€99,015 | -114% |
| Profit (loss) for the period | 9904 | -€86,590 | -€185,604 | -€99,015 | -114% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,590 | -€185,604 | -€99,015 | -114% |
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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 7 November 2026 via checked.be.