LVH 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.
LVH IMMO
Largest movements
- Stocks and contracts +€457,935
new in 2025: €457,935
- Cash +€12,102
up €12,102 (+201,700%), from €6 to €12,108
mainly Debts after one year (+€531,341) and Trade debts (+€8,331)
- Receivables within one year +€7,244
up €7,244 (+166%), from €4,359 to €11,603
- Debts after one year +€531,341
new in 2025: €531,341
- Profit (loss) carried forward -€55,650
down €55,650 (-263%), from -€21,168 to -€76,818
- Trade debts +€8,331
up €8,331 (+278%), from €2,994 to €11,325
- Other debts -€6,419
down €6,419 (-28.5%), from €22,539 to €16,120
- Financial charges +€26,720
new in 2025: €26,720
- Gross operating margin -€7,762
down €7,762 (-36.7%), from -€21,168 to -€28,930
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 | €4,365 | €481,968 | +€477,603 | +10,942% |
| Current assets | 29/58 | €4,365 | €481,968 | +€477,603 | +10,942% |
| Stocks and contracts in progress | 3 | - | €457,935 | +€457,935 | |
| Stocks | 30/36 | - | €457,935 | +€457,935 | |
| Amounts receivable within one year | 40/41 | €4,359 | €11,603 | +€7,244 | +166% |
| Other amounts receivable | 41 | €4,359 | €11,603 | +€7,244 | +166% |
| Cash at bank and in hand | 54/58 | €6 | €12,108 | +€12,102 | +201,700% |
| Deferred charges and accrued income | 490/1 | - | €322 | +€322 | |
| Total equity and liabilities | 10/49 | €4,365 | €481,968 | +€477,603 | +10,942% |
| Equity | 10/15 | -€21,168 | -€76,818 | -€55,650 | -263% |
| Profit (loss) carried forward | 14 | -€21,168 | -€76,818 | -€55,650 | -263% |
| Amounts payable | 17/49 | €25,533 | €558,786 | +€533,253 | +2,088% |
| Amounts payable after more than one year | 17 | - | €531,341 | +€531,341 | |
| Financial debts | 170/4 | - | €531,341 | +€531,341 | |
| Amounts payable within one year | 42/48 | €25,533 | €27,445 | +€1,912 | +7.5% |
| Trade debts | 44 | €2,994 | €11,325 | +€8,331 | +278% |
| Suppliers | 440/4 | €2,994 | €11,325 | +€8,331 | +278% |
| Other amounts payable | 47/48 | €22,539 | €16,120 | -€6,419 | -28.5% |
| Gross operating margin | 9900 | -€21,168 | -€28,930 | -€7,762 | -36.7% |
| Operating profit (loss) | 9901 | -€21,168 | -€28,930 | -€7,762 | -36.7% |
| Financial charges | 65/66B | - | €26,720 | +€26,720 | |
| Recurring financial charges | 65 | - | €26,720 | +€26,720 | |
| Profit (loss) for the period before taxes | 9903 | -€21,168 | -€55,650 | -€34,482 | -163% |
| Profit (loss) for the period | 9904 | -€21,168 | -€55,650 | -€34,482 | -163% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,168 | -€55,650 | -€34,482 | -163% |
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.