LPVH CONSTRUCT: 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.
LPVH CONSTRUCT
Largest movements
- Receivables within one year +€295,138
up €295,138 (+1196.8%), from €24,660 to €319,798
of which Trade receivables: +€318,612
- Stocks and contracts +€257,449
up €257,449 (+45.8%), from €561,914 to €819,363
- Deferred charges and accrued income +€112,886
up €112,886 (+1843.1%), from €6,125 to €119,011
- Cash +€109,399
up €109,399 (+29.4%), from €371,940 to €481,340
mainly Short-term financial debts (+€519,608) and Advances received (+€385,848)
- Short-term financial debts +€519,608
up €519,608 (+1709.7%), from €30,392 to €550,000
- Advances received +€385,848
up €385,848, from €0 to €385,848
- Reserves -€335,000
down €335,000 (-100.0%), from €335,000 to €0
- Tax, wage and social debts +€123,142
up €123,142 (+586.2%), from €21,005 to €144,148
- Other debts +€121,335
up €121,335 (+4580.9%), from €2,649 to €123,984
- Gross operating margin -€514,216
down €514,216, from €457,078 to -€57,138
- Taxes -€111,784
down €111,784 (-100.0%), from €111,784 to €0
- Financial income +€6,317
up €6,317 (+51.4%), from €12,284 to €18,601
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
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 | €965,138 | €1,740,011 | +€774,873 | +80.3% |
| Fixed assets | 21/28 | €500 | €500 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €964,638 | €1,739,511 | +€774,873 | +80.3% |
| Stocks and contracts in progress | 3 | €561,914 | €819,363 | +€257,449 | +45.8% |
| Stocks | 30/36 | €561,914 | €819,363 | +€257,449 | +45.8% |
| Amounts receivable within one year | 40/41 | €24,660 | €319,798 | +€295,138 | +1196.8% |
| Trade receivables | 40 | €1,144 | €319,756 | +€318,612 | +27851.0% |
| Other amounts receivable | 41 | €23,516 | €41 | -€23,474 | -99.8% |
| Cash at bank and in hand | 54/58 | €371,940 | €481,340 | +€109,399 | +29.4% |
| Deferred charges and accrued income | 490/1 | €6,125 | €119,011 | +€112,886 | +1843.1% |
| Total equity and liabilities | 10/49 | €965,138 | €1,740,011 | +€774,873 | +80.3% |
| Equity | 10/15 | €510,351 | €132,916 | -€377,435 | -74.0% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €335,000 | €0 | -€335,000 | -100.0% |
| Distributable reserves | 133 | €335,000 | €0 | -€335,000 | -100.0% |
| Profit (loss) carried forward | 14 | €351 | -€42,084 | -€42,435 | |
| Amounts payable | 17/49 | €454,787 | €1,607,095 | +€1.2m | +253.4% |
| Amounts payable after more than one year | 17 | €400,000 | €284,750 | -€115,250 | -28.8% |
| Other amounts payable | 178/9 | €400,000 | €284,750 | -€115,250 | -28.8% |
| Amounts payable within one year | 42/48 | €54,787 | €1,322,345 | +€1.3m | +2313.6% |
| Financial debts | 43 | €30,392 | €550,000 | +€519,608 | +1709.7% |
| Credit institutions | 430/8 | €30,392 | €550,000 | +€519,608 | +1709.7% |
| Trade debts | 44 | €742 | €118,365 | +€117,624 | +15861.0% |
| Suppliers | 440/4 | €742 | €118,365 | +€117,624 | +15861.0% |
| Advances received on contracts in progress | 46 | €0 | €385,848 | +€385,848 | |
| Taxes, remuneration and social security | 45 | €21,005 | €144,148 | +€123,142 | +586.2% |
| Taxes | 450/3 | €21,005 | €144,148 | +€123,142 | +586.2% |
| Other amounts payable | 47/48 | €2,649 | €123,984 | +€121,335 | +4580.9% |
| Other operating charges | 640/8 | €1,898 | €1,625 | -€274 | -14.4% |
| Gross operating margin | 9900 | €457,078 | -€57,138 | -€514,216 | |
| Operating profit (loss) | 9901 | €455,180 | -€58,763 | -€513,943 | |
| Financial income | 75/76B | €12,284 | €18,601 | +€6,317 | +51.4% |
| Recurring financial income | 75 | €12,284 | €18,601 | +€6,317 | +51.4% |
| Financial charges | 65/66B | €5,937 | €2,273 | -€3,664 | -61.7% |
| Recurring financial charges | 65 | €5,937 | €2,273 | -€3,664 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | €461,526 | -€42,435 | -€503,961 | |
| Income taxes | 67/77 | €111,784 | €0 | -€111,784 | -100.0% |
| Profit (loss) for the period | 9904 | €349,743 | -€42,435 | -€392,178 | |
| Profit (loss) for the period to be appropriated | 9905 | €349,743 | -€42,435 | -€392,178 |
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 6 October 2026 via checked.be.