LPV Invest: what changed
Two fiscal 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.
LPV Invest
Largest movements
- Intangible fixed assets +€352,285
up €352,285 (+57.3%), from €614,334 to €966,619
- Receivables within one year +€65,074
up €65,074 (+29.9%), from €217,812 to €282,887
- Tangible fixed assets +€43,738
up €43,738 (+212.9%), from €20,544 to €64,281
of which Furniture and vehicles: +€36,307
- Debts after one year +€317,791
up €317,791 (+93.0%), from €341,804 to €659,595
- Other debts +€125,000
up €125,000 (+64.1%), from €195,000 to €320,000
- Reserves +€26,140
up €26,140 (+76.8%), from €34,058 to €60,199
- Current portion of long-term debt +€13,283
up €13,283 (+11.4%), from €116,795 to €130,078
- Gross operating margin +€92,265
up €92,265 (+23.3%), from €396,807 to €489,072
- Staff costs -€27,913
down €27,913 (-46.2%), from €60,373 to €32,459
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €857,813 | €1,323,800 | +€465,987 | +54.3% |
| Fixed assets | 21/28 | €634,878 | €1,030,900 | +€396,022 | +62.4% |
| Intangible fixed assets | 21 | €614,334 | €966,619 | +€352,285 | +57.3% |
| Tangible fixed assets | 22/27 | €20,544 | €64,281 | +€43,738 | +212.9% |
| Plant, machinery and equipment | 23 | €13,688 | €21,119 | +€7,431 | +54.3% |
| Furniture and vehicles | 24 | €6,855 | €43,163 | +€36,307 | +529.6% |
| Current assets | 29/58 | €222,935 | €292,900 | +€69,965 | +31.4% |
| Amounts receivable within one year | 40/41 | €217,812 | €282,887 | +€65,074 | +29.9% |
| Trade receivables | 40 | €217,812 | €282,887 | +€65,074 | +29.9% |
| Deferred charges and accrued income | 490/1 | €5,123 | €10,013 | +€4,891 | +95.5% |
| Total equity and liabilities | 10/49 | €857,813 | €1,323,800 | +€465,987 | +54.3% |
| Equity | 10/15 | €159,058 | €185,199 | +€26,140 | +16.4% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €34,058 | €60,199 | +€26,140 | +76.8% |
| Distributable reserves | 133 | €34,058 | €60,199 | +€26,140 | +76.8% |
| Amounts payable | 17/49 | €698,755 | €1,138,602 | +€439,847 | +62.9% |
| Amounts payable after more than one year | 17 | €341,804 | €659,595 | +€317,791 | +93.0% |
| Financial debts | 170/4 | €341,804 | €659,595 | +€317,791 | +93.0% |
| Amounts payable within one year | 42/48 | €356,950 | €478,724 | +€121,774 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €116,795 | €130,078 | +€13,283 | +11.4% |
| Financial debts | 43 | €24,717 | €11,533 | -€13,184 | -53.3% |
| Credit institutions | 430/8 | €24,717 | €11,533 | -€13,184 | -53.3% |
| Trade debts | 44 | €8,543 | €7,651 | -€892 | -10.4% |
| Suppliers | 440/4 | €8,543 | €7,651 | -€892 | -10.4% |
| Taxes, remuneration and social security | 45 | €11,895 | €9,462 | -€2,433 | -20.5% |
| Taxes | 450/3 | €2,538 | €4,990 | +€2,452 | +96.6% |
| Remuneration and social security | 454/9 | €9,357 | €4,472 | -€4,885 | -52.2% |
| Other amounts payable | 47/48 | €195,000 | €320,000 | +€125,000 | +64.1% |
| Accrued charges and deferred income | 492/3 | - | €282 | +€282 | |
| Remuneration, social security and pensions | 62 | €60,373 | €32,459 | -€27,913 | -46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,989 | €108,899 | +€910 | +0.8% |
| Other operating charges | 640/8 | €968 | €1,355 | +€387 | +40.0% |
| Non-recurring operating charges | 66A | - | €2,237 | +€2,237 | |
| Gross operating margin | 9900 | €396,807 | €489,072 | +€92,265 | +23.3% |
| Operating profit (loss) | 9901 | €227,478 | €344,122 | +€116,644 | +51.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €8,062 | €7,960 | -€103 | -1.3% |
| Recurring financial charges | 65 | €8,062 | €7,960 | -€103 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €219,415 | €336,163 | +€116,748 | +53.2% |
| Income taxes | 67/77 | €7,051 | €10,023 | +€2,971 | +42.1% |
| Profit (loss) for the period | 9904 | €212,364 | €326,140 | +€113,776 | +53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €212,364 | €326,140 | +€113,776 | +53.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.