LVF INVEST: what changed
What changed
LVF INVEST
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€19,117
2024 · €16,841+€2,276
Equity
€101,237
2024 · €82,120+€19,117
Cash
€10,089
2024 · €10,541-€453
Balance sheet total
€592,958
2024 · €598,086-€5,128
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€36,683
down €36,683 (-9.2%), from €396,610 to €359,927
- Reserves +€19,117
new in 2025: €19,117
- Tax, wage and social debts +€17,801
new in 2025: €17,801
of which Taxes: +€16,301
- Other debts -€6,563
down €6,563 (-7.8%), from €83,873 to €77,310
Income statement
- Turnover -€119,690
no longer reported in 2025 (was €119,690)
- Purchases and services -€74,157
no longer reported in 2025 (was €74,157)
- Gross operating margin +€18,539
up €18,539 (+40.7%), from €45,533 to €64,072
- Taxes +€16,934
up €16,934 (+301%), from €5,632 to €22,565
- Depreciation -€1,460
down €1,460 (-13.0%), from €11,189 to €9,729
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.
Result 2024
€16,841
Gross operating margin
+€18,539
Depreciation
+€1,460
Other operating charges
+€432
Financial charges
-€1,221
Taxes
-€16,934
Result 2025
€19,117
raises the resultlowers the result
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.
From operations
+€40,831
Investment
-€5,800
Financing
-€35,483
Cash 2024
€10,541
From operations (derived)
+€40,831
Net result for the year
+€19,117
Depreciation
+€9,729
Receivables within one year
+€746
Tax, wage and social debts
+€17,801
Other debts
-€6,563
Investment (derived)
-€5,800
Investment in fixed assets (net)
-€5,800
Financing
-€35,483
Debts after one year
-€36,683
Current portion of long-term debt
+€1,199
Cash 2025
€10,089
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €598,086 | €592,958 | -€5,128 | -0.9% |
| Fixed assets | 21/28 | €530,798 | €526,870 | -€3,929 | -0.7% |
| Tangible fixed assets | 22/27 | €290,903 | €286,974 | -€3,929 | -1.4% |
| Land and buildings | 22 | €290,903 | €286,974 | -€3,929 | -1.4% |
| Financial fixed assets | 28 | €239,895 | €239,895 | = | 0.0% |
| Current assets | 29/58 | €67,288 | €66,089 | -€1,199 | -1.8% |
| Amounts receivable within one year | 40/41 | €56,746 | €56,000 | -€746 | -1.3% |
| Other amounts receivable | 41 | €56,746 | €56,000 | -€746 | -1.3% |
| Cash at bank and in hand | 54/58 | €10,541 | €10,089 | -€453 | -4.3% |
| Total equity and liabilities | 10/49 | €598,086 | €592,958 | -€5,128 | -0.9% |
| Equity | 10/15 | €82,120 | €101,237 | +€19,117 | +23.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €19,117 | +€19,117 | |
| Distributable reserves | 133 | - | €19,117 | +€19,117 | |
| Profit (loss) carried forward | 14 | €80,120 | €80,120 | = | 0.0% |
| Amounts payable | 17/49 | €515,966 | €491,721 | -€24,245 | -4.7% |
| Amounts payable after more than one year | 17 | €396,610 | €359,927 | -€36,683 | -9.2% |
| Financial debts | 170/4 | €396,610 | €359,927 | -€36,683 | -9.2% |
| Amounts payable within one year | 42/48 | €119,356 | €131,794 | +€12,438 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €35,483 | €36,683 | +€1,199 | +3.4% |
| Taxes, remuneration and social security | 45 | - | €17,801 | +€17,801 | |
| Taxes | 450/3 | - | €16,301 | +€16,301 | |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €83,873 | €77,310 | -€6,563 | -7.8% |
| Turnover | 70 | €119,690 | - | -€119,690 | |
| Non-recurring operating income | 76A | - | €5,800 | +€5,800 | |
| Goods, raw materials, services and sundry goods | 60/61 | €74,157 | - | -€74,157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,189 | €9,729 | -€1,460 | -13.0% |
| Other operating charges | 640/8 | €801 | €369 | -€432 | -53.9% |
| Gross operating margin | 9900 | €45,533 | €64,072 | +€18,539 | +40.7% |
| Operating profit (loss) | 9901 | €33,543 | €53,974 | +€20,431 | +60.9% |
| Financial charges | 65/66B | €11,070 | €12,292 | +€1,221 | +11.0% |
| Recurring financial charges | 65 | €11,070 | €12,292 | +€1,221 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €22,473 | €41,682 | +€19,210 | +85.5% |
| Income taxes | 67/77 | €5,632 | €22,565 | +€16,934 | +301% |
| Profit (loss) for the period | 9904 | €16,841 | €19,117 | +€2,276 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,841 | €19,117 | +€2,276 | +13.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.