LVDP VASTGOED: what changed
LVDP VASTGOED
Largest movements
- Current investments +€150,000
up €150,000 (+100%), from €150,000 to €300,000
- Receivables within one year +€96,883
up €96,883 (+216%), from €44,918 to €141,801
of which Trade receivables: +€97,873
- Cash -€23,577
down €23,577 (-35.3%), from €66,742 to €43,165
mainly Current investments (-€150,000) and Receivables within one year (-€96,883)
- Reserves +€109,614
up €109,614 (+64.0%), from €171,235 to €280,849
- Debts after one year +€68,494
up €68,494 (+94.6%), from €72,401 to €140,895
- Tax, wage and social debts +€32,562
up €32,562 (+1,628%), from €2,000 to €34,562
of which Taxes: +€32,562
- Current portion of long-term debt +€15,607
up €15,607 (+103%), from €15,157 to €30,763
- Gross operating margin +€136,131
up €136,131 (+529%), from €25,716 to €161,847
- Taxes +€47,310
up €47,310 (+586%), from €8,077 to €55,387
- Financial income +€5,000
up €5,000 (+50.0%), from €10,000 to €15,000
- Financial charges +€2,672
up €2,672 (+59.5%), from €4,490 to €7,162
- Depreciation +€1,763
up €1,763 (+101%), from €1,745 to €3,508
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 | €268,798 | €496,508 | +€227,711 | +84.7% |
| Fixed assets | 21/28 | €7,137 | €11,542 | +€4,405 | +61.7% |
| Tangible fixed assets | 22/27 | €7,137 | €11,542 | +€4,405 | +61.7% |
| Plant, machinery and equipment | 23 | - | €7,400 | +€7,400 | |
| Furniture and vehicles | 24 | €7,137 | €4,143 | -€2,994 | -42.0% |
| Current assets | 29/58 | €261,660 | €484,966 | +€223,305 | +85.3% |
| Amounts receivable within one year | 40/41 | €44,918 | €141,801 | +€96,883 | +216% |
| Trade receivables | 40 | €18,352 | €116,226 | +€97,873 | +533% |
| Other amounts receivable | 41 | €26,566 | €25,575 | -€991 | -3.7% |
| Current investments | 50/53 | €150,000 | €300,000 | +€150,000 | +100% |
| Cash at bank and in hand | 54/58 | €66,742 | €43,165 | -€23,577 | -35.3% |
| Total equity and liabilities | 10/49 | €268,798 | €496,508 | +€227,711 | +84.7% |
| Equity | 10/15 | €177,435 | €287,049 | +€109,614 | +61.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €171,235 | €280,849 | +€109,614 | +64.0% |
| Distributable reserves | 133 | €171,235 | €280,849 | +€109,614 | +64.0% |
| Amounts payable | 17/49 | €91,363 | €209,460 | +€118,097 | +129% |
| Amounts payable after more than one year | 17 | €72,401 | €140,895 | +€68,494 | +94.6% |
| Financial debts | 170/4 | €72,401 | €140,895 | +€68,494 | +94.6% |
| Amounts payable within one year | 42/48 | €18,961 | €68,565 | +€49,603 | +262% |
| Current portion of amounts payable after more than one year | 42 | €15,157 | €30,763 | +€15,607 | +103% |
| Trade debts | 44 | €1,805 | €3,239 | +€1,435 | +79.5% |
| Suppliers | 440/4 | €1,805 | €3,239 | +€1,435 | +79.5% |
| Taxes, remuneration and social security | 45 | €2,000 | €34,562 | +€32,562 | +1,628% |
| Taxes | 450/3 | €0 | €32,562 | +€32,562 | |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,745 | €3,508 | +€1,763 | +101% |
| Other operating charges | 640/8 | €569 | €1,177 | +€608 | +107% |
| Gross operating margin | 9900 | €25,716 | €161,847 | +€136,131 | +529% |
| Operating profit (loss) | 9901 | €23,402 | €157,163 | +€133,761 | +572% |
| Financial income | 75/76B | €10,000 | €15,000 | +€5,000 | +50.0% |
| Recurring financial income | 75 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Financial charges | 65/66B | €4,490 | €7,162 | +€2,672 | +59.5% |
| Recurring financial charges | 65 | €4,490 | €7,162 | +€2,672 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | €28,912 | €165,001 | +€136,089 | +471% |
| Income taxes | 67/77 | €8,077 | €55,387 | +€47,310 | +586% |
| Profit (loss) for the period | 9904 | €20,835 | €109,614 | +€88,779 | +426% |
| Profit (loss) for the period to be appropriated | 9905 | €20,835 | €109,614 | +€88,779 | +426% |
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 8 November 2026 via checked.be.