LVKJ-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.
LVKJ-IMMO
Largest movements
- Tangible fixed assets -€59,048
down €59,048 (-3.8%), from €1.6m to €1.5m
- Cash +€29,164
up €29,164 (+346%), from €8,427 to €37,591
mainly Net result for the year (+€66,692) and Depreciation (+€59,048)
- Debts after one year -€142,630
down €142,630 (-13.8%), from €1.0m to €888,015
- Profit (loss) carried forward +€66,692
up €66,692 (+29.3%), from €227,629 to €294,321
- Other debts +€38,378
up €38,378 (+25.4%), from €151,297 to €189,675
- Taxes +€5,158
up €5,158 (+30.2%), from €17,073 to €22,231
- Gross operating margin +€3,958
up €3,958 (+2.4%), from €162,419 to €166,377
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 | €1,573,708 | €1,537,494 | -€36,214 | -2.3% |
| Fixed assets | 21/28 | €1,554,932 | €1,495,884 | -€59,048 | -3.8% |
| Tangible fixed assets | 22/27 | €1,554,932 | €1,495,884 | -€59,048 | -3.8% |
| Land and buildings | 22 | €1,554,932 | €1,495,884 | -€59,048 | -3.8% |
| Current assets | 29/58 | €18,777 | €41,610 | +€22,834 | +122% |
| Amounts receivable within one year | 40/41 | €8,226 | €1,797 | -€6,429 | -78.2% |
| Trade receivables | 40 | €7,299 | €0 | -€7,299 | -100% |
| Other amounts receivable | 41 | €927 | €1,797 | +€870 | +93.9% |
| Cash at bank and in hand | 54/58 | €8,427 | €37,591 | +€29,164 | +346% |
| Deferred charges and accrued income | 490/1 | €2,123 | €2,222 | +€99 | +4.7% |
| Total equity and liabilities | 10/49 | €1,573,708 | €1,537,494 | -€36,214 | -2.3% |
| Equity | 10/15 | €247,629 | €314,321 | +€66,692 | +26.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €227,629 | €294,321 | +€66,692 | +29.3% |
| Amounts payable | 17/49 | €1,326,079 | €1,223,174 | -€102,906 | -7.8% |
| Amounts payable after more than one year | 17 | €1,030,645 | €888,015 | -€142,630 | -13.8% |
| Financial debts | 170/4 | €1,030,645 | €888,015 | -€142,630 | -13.8% |
| Amounts payable within one year | 42/48 | €295,435 | €335,159 | +€39,724 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €141,791 | €142,630 | +€839 | +0.6% |
| Trade debts | 44 | €0 | €666 | +€666 | |
| Suppliers | 440/4 | €0 | €666 | +€666 | |
| Taxes, remuneration and social security | 45 | €2,347 | €2,188 | -€159 | -6.8% |
| Taxes | 450/3 | €2,347 | €2,188 | -€159 | -6.8% |
| Other amounts payable | 47/48 | €151,297 | €189,675 | +€38,378 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,048 | €59,048 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,298 | €1,211 | -€87 | -6.7% |
| Gross operating margin | 9900 | €162,419 | €166,377 | +€3,958 | +2.4% |
| Operating profit (loss) | 9901 | €102,073 | €106,118 | +€4,045 | +4.0% |
| Financial charges | 65/66B | €17,885 | €17,196 | -€690 | -3.9% |
| Recurring financial charges | 65 | €17,885 | €17,196 | -€690 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €84,187 | €88,922 | +€4,735 | +5.6% |
| Income taxes | 67/77 | €17,073 | €22,231 | +€5,158 | +30.2% |
| Profit (loss) for the period | 9904 | €67,115 | €66,692 | -€423 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,115 | €66,692 | -€423 | -0.6% |
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 24 October 2026 via checked.be.