LPV: what changed
LPV
Largest movements
- Tangible fixed assets +€45,566
up €45,566 (+530%), from €8,599 to €54,165
of which Furniture and vehicles: +€31,754
- Cash +€20,180
up €20,180 (+46.4%), from €43,464 to €63,643
mainly Net result for the year (+€35,042) and Depreciation (+€21,144)
- Intangible fixed assets -€10,000
down €10,000 (-11.1%), from €90,000 to €80,000
- Stocks and contracts -€2,357
down €2,357 (-23.5%), from €10,050 to €7,693
- Profit (loss) carried forward +€35,042
up €35,042 (+89.1%), from €39,336 to €74,378
- Tax, wage and social debts +€17,152
up €17,152 (+119%), from €14,372 to €31,525
of which Remuneration and social security: +€12,435
- Other debts -€7,486
down €7,486 (-9.0%), from €82,729 to €75,244
- Trade debts +€6,996
up €6,996 (+86.5%), from €8,090 to €15,087
- Staff costs -€28,914
down €28,914, from €28,493 to -€421
- Gross operating margin +€20,503
up €20,503 (+41.4%), from €49,563 to €70,066
- Taxes +€11,685
new in 2025: €11,685
- Depreciation +€7,392
up €7,392 (+53.8%), from €13,752 to €21,144
- Financial charges -€1,193
down €1,193 (-38.6%), from €3,088 to €1,895
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,328 | €209,033 | +€51,705 | +32.9% |
| Fixed assets | 21/28 | €99,221 | €134,165 | +€34,943 | +35.2% |
| Intangible fixed assets | 21 | €90,000 | €80,000 | -€10,000 | -11.1% |
| Tangible fixed assets | 22/27 | €8,599 | €54,165 | +€45,566 | +530% |
| Plant, machinery and equipment | 23 | €3,558 | €8,437 | +€4,879 | +137% |
| Furniture and vehicles | 24 | €2,782 | €34,536 | +€31,754 | +1,141% |
| Other tangible fixed assets | 26 | €2,259 | €11,192 | +€8,933 | +395% |
| Financial fixed assets | 28 | €623 | €0 | -€623 | -100% |
| Current assets | 29/58 | €58,106 | €74,868 | +€16,762 | +28.8% |
| Stocks and contracts in progress | 3 | €10,050 | €7,693 | -€2,357 | -23.5% |
| Stocks | 30/36 | €10,050 | €7,693 | -€2,357 | -23.5% |
| Amounts receivable within one year | 40/41 | €555 | €1,284 | +€729 | +131% |
| Trade receivables | 40 | €555 | €1,284 | +€729 | +131% |
| Cash at bank and in hand | 54/58 | €43,464 | €63,643 | +€20,180 | +46.4% |
| Deferred charges and accrued income | 490/1 | €4,037 | €2,248 | -€1,789 | -44.3% |
| Total equity and liabilities | 10/49 | €157,328 | €209,033 | +€51,705 | +32.9% |
| Equity | 10/15 | €52,136 | €87,178 | +€35,042 | +67.2% |
| Contributions | 10/11 | €12,800 | €12,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,336 | €74,378 | +€35,042 | +89.1% |
| Amounts payable | 17/49 | €105,192 | €121,855 | +€16,663 | +15.8% |
| Amounts payable within one year | 42/48 | €105,192 | €121,855 | +€16,663 | +15.8% |
| Trade debts | 44 | €8,090 | €15,087 | +€6,996 | +86.5% |
| Suppliers | 440/4 | €8,090 | €15,087 | +€6,996 | +86.5% |
| Taxes, remuneration and social security | 45 | €14,372 | €31,525 | +€17,152 | +119% |
| Taxes | 450/3 | €14,372 | €19,089 | +€4,717 | +32.8% |
| Remuneration and social security | 454/9 | - | €12,435 | +€12,435 | |
| Other amounts payable | 47/48 | €82,729 | €75,244 | -€7,486 | -9.0% |
| Remuneration, social security and pensions | 62 | €28,493 | -€421 | -€28,914 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,752 | €21,144 | +€7,392 | +53.8% |
| Other operating charges | 640/8 | €1,594 | €1,245 | -€349 | -21.9% |
| Gross operating margin | 9900 | €49,563 | €70,066 | +€20,503 | +41.4% |
| Operating profit (loss) | 9901 | €5,724 | €48,099 | +€42,374 | +740% |
| Financial income | 75/76B | €328 | €524 | +€196 | +59.8% |
| Recurring financial income | 75 | €328 | €524 | +€196 | +59.8% |
| Financial charges | 65/66B | €3,088 | €1,895 | -€1,193 | -38.6% |
| Recurring financial charges | 65 | €3,088 | €1,895 | -€1,193 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €2,963 | €46,727 | +€43,764 | +1,477% |
| Income taxes | 67/77 | - | €11,685 | +€11,685 | |
| Profit (loss) for the period | 9904 | €2,963 | €35,042 | +€32,079 | +1,082% |
| Profit (loss) for the period to be appropriated | 9905 | €2,963 | €35,042 | +€32,079 | +1,082% |
Next steps
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 5 November 2026 via checked.be.