LVDP Antwerp: 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.
LVDP Antwerp
Largest movements
- Cash +€26,866
up €26,866 (+158%), from €16,965 to €43,832
mainly Net result for the year (+€21,470) and Tax, wage and social debts (+€13,637)
- Stocks and contracts +€7,789
up €7,789 (+70.8%), from €11,000 to €18,789
- Formation expenses -€1,986
down €1,986 (-100%), from €1,986 to €0
- Receivables within one year -€1,586
down €1,586 (-63.7%), from €2,489 to €902
of which Other amounts receivable: -€2,089
- Reserves +€21,470
up €21,470 (+275%), from €7,821 to €29,290
- Tax, wage and social debts +€13,637
up €13,637 (+705%), from €1,935 to €15,572
of which Taxes: +€11,858
- Other debts -€4,904
down €4,904 (-18.1%), from €27,143 to €22,239
- Accrued charges and deferred income +€2,219
new in 2025: €2,219
- Trade debts -€1,218
down €1,218 (-100%), from €1,218 to €0
- Gross operating margin +€20,929
up €20,929 (+206%), from €10,169 to €31,098
- Taxes +€3,694
up €3,694 (+191%), from €1,935 to €5,629
- Depreciation +€3,463
up €3,463 (+838%), from €413 to €3,876
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.
Derived cash bridge
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 | €39,617 | €70,820 | +€31,203 | +78.8% |
| Formation expenses | 20 | €1,986 | €0 | -€1,986 | -100% |
| Fixed assets | 21/28 | €7,161 | €7,297 | +€136 | +1.9% |
| Tangible fixed assets | 22/27 | €7,161 | €7,297 | +€136 | +1.9% |
| Plant, machinery and equipment | 23 | €3,949 | €2,590 | -€1,359 | -34.4% |
| Furniture and vehicles | 24 | €3,212 | €3,714 | +€502 | +15.6% |
| Other tangible fixed assets | 26 | - | €992 | +€992 | |
| Current assets | 29/58 | €30,470 | €63,523 | +€33,053 | +108% |
| Stocks and contracts in progress | 3 | €11,000 | €18,789 | +€7,789 | +70.8% |
| Stocks | 30/36 | €11,000 | €18,789 | +€7,789 | +70.8% |
| Amounts receivable within one year | 40/41 | €2,489 | €902 | -€1,586 | -63.7% |
| Trade receivables | 40 | €400 | €902 | +€502 | +126% |
| Other amounts receivable | 41 | €2,089 | €0 | -€2,089 | -100% |
| Cash at bank and in hand | 54/58 | €16,965 | €43,832 | +€26,866 | +158% |
| Deferred charges and accrued income | 490/1 | €16 | €0 | -€16 | -100% |
| Total equity and liabilities | 10/49 | €39,617 | €70,820 | +€31,203 | +78.8% |
| Equity | 10/15 | €9,321 | €30,790 | +€21,470 | +230% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €7,821 | €29,290 | +€21,470 | +275% |
| Distributable reserves | 133 | €7,821 | €29,290 | +€21,470 | +275% |
| Amounts payable | 17/49 | €30,296 | €40,029 | +€9,734 | +32.1% |
| Amounts payable within one year | 42/48 | €30,296 | €37,811 | +€7,515 | +24.8% |
| Trade debts | 44 | €1,218 | €0 | -€1,218 | -100% |
| Suppliers | 440/4 | €1,218 | €0 | -€1,218 | -100% |
| Taxes, remuneration and social security | 45 | €1,935 | €15,572 | +€13,637 | +705% |
| Taxes | 450/3 | €1,935 | €13,792 | +€11,858 | +613% |
| Remuneration and social security | 454/9 | - | €1,779 | +€1,779 | |
| Other amounts payable | 47/48 | €27,143 | €22,239 | -€4,904 | -18.1% |
| Accrued charges and deferred income | 492/3 | - | €2,219 | +€2,219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €413 | €3,876 | +€3,463 | +838% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €10,169 | €31,098 | +€20,929 | +206% |
| Operating profit (loss) | 9901 | €9,756 | €27,102 | +€17,347 | +178% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | - | €15 | +€15 | |
| Recurring financial charges | 65 | - | €15 | +€15 | |
| Profit (loss) for the period before taxes | 9903 | €9,756 | €27,098 | +€17,343 | +178% |
| Income taxes | 67/77 | €1,935 | €5,629 | +€3,694 | +191% |
| Profit (loss) for the period | 9904 | €7,821 | €21,470 | +€13,649 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €7,821 | €21,470 | +€13,649 | +175% |
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 17 October 2026 via checked.be.