LV IMMO: 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.
LV IMMO
Largest movements
- Tangible fixed assets -€30,018
down €30,018 (-16.6%), from €180,939 to €150,921
of which Furniture and vehicles: -€23,100
- Receivables within one year -€9,395
down €9,395 (-83.3%), from €11,278 to €1,883
of which Trade receivables: -€9,695
- Cash -€5,005
down €5,005 (-4.3%), from €115,183 to €110,178
mainly Contributions, distributions and other (-€97,000) and Tax, wage and social debts (-€20,723)
- Tax, wage and social debts -€20,723
down €20,723 (-87.7%), from €23,641 to €2,918
of which Taxes: -€20,755
- Current portion of long-term debt -€13,633
down €13,633 (-51.1%), from €26,678 to €13,045
- Debts after one year -€13,045
down €13,045 (-13.2%), from €98,688 to €85,643
- Other debts +€6,013
up €6,013 (+4.4%), from €137,984 to €143,997
- Trade debts -€3,906
down €3,906 (-54.0%), from €7,230 to €3,323
- Gross operating margin -€9,444
down €9,444 (-4.5%), from €207,755 to €198,311
- Taxes -€4,224
down €4,224 (-12.6%), from €33,580 to €29,356
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 | €316,698 | €270,847 | -€45,851 | -14.5% |
| Fixed assets | 21/28 | €181,167 | €151,149 | -€30,018 | -16.6% |
| Tangible fixed assets | 22/27 | €180,939 | €150,921 | -€30,018 | -16.6% |
| Land and buildings | 22 | €128,638 | €124,398 | -€4,241 | -3.3% |
| Plant, machinery and equipment | 23 | €19,141 | €16,464 | -€2,677 | -14.0% |
| Furniture and vehicles | 24 | €33,160 | €10,060 | -€23,100 | -69.7% |
| Financial fixed assets | 28 | €228 | €228 | = | 0.0% |
| Current assets | 29/58 | €135,531 | €119,698 | -€15,833 | -11.7% |
| Amounts receivable within one year | 40/41 | €11,278 | €1,883 | -€9,395 | -83.3% |
| Trade receivables | 40 | €10,934 | €1,239 | -€9,695 | -88.7% |
| Other amounts receivable | 41 | €344 | €644 | +€300 | +87.0% |
| Cash at bank and in hand | 54/58 | €115,183 | €110,178 | -€5,005 | -4.3% |
| Deferred charges and accrued income | 490/1 | €9,070 | €7,638 | -€1,433 | -15.8% |
| Total equity and liabilities | 10/49 | €316,698 | €270,847 | -€45,851 | -14.5% |
| Equity | 10/15 | €19,962 | €19,406 | -€556 | -2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €695 | €695 | = | 0.0% |
| Non-distributable reserves | 130/1 | €695 | €695 | = | 0.0% |
| Reserves not available under the articles | 1311 | €695 | €695 | = | 0.0% |
| Profit (loss) carried forward | 14 | €667 | €111 | -€556 | -83.4% |
| Amounts payable | 17/49 | €296,736 | €251,441 | -€45,295 | -15.3% |
| Amounts payable after more than one year | 17 | €98,688 | €85,643 | -€13,045 | -13.2% |
| Financial debts | 170/4 | €98,688 | €85,643 | -€13,045 | -13.2% |
| Amounts payable within one year | 42/48 | €195,533 | €163,284 | -€32,250 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €26,678 | €13,045 | -€13,633 | -51.1% |
| Trade debts | 44 | €7,230 | €3,323 | -€3,906 | -54.0% |
| Suppliers | 440/4 | €7,230 | €3,323 | -€3,906 | -54.0% |
| Taxes, remuneration and social security | 45 | €23,641 | €2,918 | -€20,723 | -87.7% |
| Taxes | 450/3 | €21,053 | €298 | -€20,755 | -98.6% |
| Remuneration and social security | 454/9 | €2,588 | €2,620 | +€31 | +1.2% |
| Other amounts payable | 47/48 | €137,984 | €143,997 | +€6,013 | +4.4% |
| Accrued charges and deferred income | 492/3 | €2,515 | €2,515 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €35,506 | €36,981 | +€1,475 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,276 | €31,195 | -€81 | -0.3% |
| Other operating charges | 640/8 | €1,388 | €1,788 | +€400 | +28.8% |
| Gross operating margin | 9900 | €207,755 | €198,311 | -€9,444 | -4.5% |
| Operating profit (loss) | 9901 | €139,585 | €128,347 | -€11,238 | -8.1% |
| Financial income | 75/76B | €29 | €4 | -€25 | -85.2% |
| Recurring financial income | 75 | €29 | €4 | -€25 | -85.2% |
| Financial charges | 65/66B | €2,074 | €2,552 | +€478 | +23.1% |
| Recurring financial charges | 65 | €2,074 | €2,552 | +€478 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €137,541 | €125,800 | -€11,741 | -8.5% |
| Income taxes | 67/77 | €33,580 | €29,356 | -€4,224 | -12.6% |
| Profit (loss) for the period | 9904 | €103,961 | €96,444 | -€7,517 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €103,961 | €96,444 | -€7,517 | -7.2% |
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 10 October 2026 via checked.be.