LVP ENGINEERING & CONSTRUCTIONS: what changed
Two fiscal 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.
What changed
LVP ENGINEERING & CONSTRUCTIONS
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€146,569
2024 · €4,805+€141,764
Equity
€1.7m
2024 · €1.7m-€80,097
Cash
€93,661
2024 · €112,771-€19,110
Balance sheet total
€4.1m
2024 · €4.2m-€127,174
Largest movements
Assets
- Receivables within one year +€321,381
up €321,381 (+107.0%), from €300,310 to €621,691
of which Trade receivables: +€309,951
- Tangible fixed assets -€284,904
down €284,904 (-18.9%), from €1.5m to €1.2m
of which Land and buildings: -€153,243
- Deferred charges and accrued income -€74,622
down €74,622 (-90.2%), from €82,756 to €8,134
- Stocks and contracts -€52,441
down €52,441 (-11.2%), from €469,784 to €417,343
of which Contracts in progress: -€39,848
Equity and liabilities
- Debts after one year -€355,375
down €355,375 (-28.1%), from €1.3m to €911,120
- Advances received +€353,919
new in 2025: €353,919
- Reserves -€80,097
down €80,097 (-4.7%), from €1.7m to €1.6m
Income statement
- Gross operating margin +€191,044
up €191,044 (+13.4%), from €1.4m to €1.6m
- Staff costs +€56,896
up €56,896 (+5.2%), from €1.1m to €1.1m
- Taxes +€31,893
up €31,893, from -€17,813 to €14,080
- Financial charges -€29,981
down €29,981 (-30.3%), from €99,058 to €69,077
- Depreciation -€21,410
down €21,410 (-7.1%), from €300,690 to €279,280
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.
Result 2024
€4,805
Gross operating margin
+€191,044
Staff costs
-€56,896
Depreciation
+€21,410
Other operating charges
-€471
Financial income
-€11,411
Financial charges
+€29,981
Taxes
-€31,893
Result 2025
€146,569
Cash bridge derived
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.
From operations
+€546,368
Investment
+€23,102
Financing
-€588,580
Cash 2024
€112,771
From operations (derived)
+€546,368
Net result for the year
+€146,569
Depreciation
+€279,280
Stocks and contracts
+€52,441
Receivables within one year
-€321,381
Deferred charges and accrued income
+€74,622
Trade debts
+€1,274
Tax, wage and social debts
+€5,507
Advances received
+€353,919
Other debts
-€24,863
Accrued charges and deferred income
-€21,000
Investment (derived)
+€23,102
Investment in fixed assets (net)
+€23,094
Current investments
+€8
Financing
-€588,580
Debts after one year
-€355,375
Current portion of long-term debt
-€16,758
Short-term financial debts
+€10,219
Contributions, distributions and other
-€226,666
Cash 2025
€93,661
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,202,177 | €4,075,003 | -€127,174 | -3.0% |
| Fixed assets | 21/28 | €3,236,221 | €2,933,847 | -€302,374 | -9.3% |
| Intangible fixed assets | 21 | €124,984 | €107,514 | -€17,470 | -14.0% |
| Tangible fixed assets | 22/27 | €1,511,217 | €1,226,313 | -€284,904 | -18.9% |
| Land and buildings | 22 | €1,146,658 | €993,415 | -€153,243 | -13.4% |
| Plant, machinery and equipment | 23 | €65,561 | €41,418 | -€24,143 | -36.8% |
| Furniture and vehicles | 24 | €298,998 | €191,480 | -€107,518 | -36.0% |
| Financial fixed assets | 28 | €1,600,020 | €1,600,020 | = | 0.0% |
| Current assets | 29/58 | €965,956 | €1,141,156 | +€175,200 | +18.1% |
| Stocks and contracts in progress | 3 | €469,784 | €417,343 | -€52,441 | -11.2% |
| Stocks | 30/36 | €258,519 | €245,926 | -€12,593 | -4.9% |
| Contracts in progress | 37 | €211,265 | €171,417 | -€39,848 | -18.9% |
| Amounts receivable within one year | 40/41 | €300,310 | €621,691 | +€321,381 | +107.0% |
| Trade receivables | 40 | €249,825 | €559,776 | +€309,951 | +124.1% |
| Other amounts receivable | 41 | €50,485 | €61,915 | +€11,430 | +22.6% |
| Current investments | 50/53 | €335 | €327 | -€8 | -2.4% |
| Cash at bank and in hand | 54/58 | €112,771 | €93,661 | -€19,110 | -16.9% |
| Deferred charges and accrued income | 490/1 | €82,756 | €8,134 | -€74,622 | -90.2% |
| Total equity and liabilities | 10/49 | €4,202,177 | €4,075,003 | -€127,174 | -3.0% |
| Equity | 10/15 | €1,739,294 | €1,659,197 | -€80,097 | -4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,720,694 | €1,640,597 | -€80,097 | -4.7% |
| Distributable reserves | 133 | €1,720,694 | €1,640,597 | -€80,097 | -4.7% |
| Amounts payable | 17/49 | €2,462,883 | €2,415,806 | -€47,077 | -1.9% |
| Amounts payable after more than one year | 17 | €1,266,495 | €911,120 | -€355,375 | -28.1% |
| Financial debts | 170/4 | €1,266,495 | €911,120 | -€355,375 | -28.1% |
| Amounts payable within one year | 42/48 | €1,175,388 | €1,504,686 | +€329,298 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €341,077 | €324,319 | -€16,758 | -4.9% |
| Financial debts | 43 | €330,127 | €340,346 | +€10,219 | +3.1% |
| Credit institutions | 430/8 | €330,127 | €340,346 | +€10,219 | +3.1% |
| Trade debts | 44 | €365,133 | €366,407 | +€1,274 | +0.3% |
| Suppliers | 440/4 | €365,133 | €366,407 | +€1,274 | +0.3% |
| Advances received on contracts in progress | 46 | - | €353,919 | +€353,919 | |
| Taxes, remuneration and social security | 45 | €102,145 | €107,652 | +€5,507 | +5.4% |
| Taxes | 450/3 | €3,227 | €6,191 | +€2,964 | +91.9% |
| Remuneration and social security | 454/9 | €98,918 | €101,461 | +€2,543 | +2.6% |
| Other amounts payable | 47/48 | €36,906 | €12,043 | -€24,863 | -67.4% |
| Accrued charges and deferred income | 492/3 | €21,000 | - | -€21,000 | |
| Non-recurring operating income | 76A | €6,197 | €163,300 | +€157,103 | +2535.1% |
| Remuneration, social security and pensions | 62 | €1,086,281 | €1,143,177 | +€56,896 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300,690 | €279,280 | -€21,410 | -7.1% |
| Other operating charges | 640/8 | €18,098 | €18,569 | +€471 | +2.6% |
| Gross operating margin | 9900 | €1,428,645 | €1,619,689 | +€191,044 | +13.4% |
| Operating profit (loss) | 9901 | €23,576 | €178,663 | +€155,087 | +657.8% |
| Financial income | 75/76B | €62,474 | €51,063 | -€11,411 | -18.3% |
| Recurring financial income | 75 | €62,474 | €51,063 | -€11,411 | -18.3% |
| Financial charges | 65/66B | €99,058 | €69,077 | -€29,981 | -30.3% |
| Recurring financial charges | 65 | €99,058 | €69,077 | -€29,981 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,008 | €160,649 | +€173,657 | |
| Income taxes | 67/77 | -€17,813 | €14,080 | +€31,893 | |
| Profit (loss) for the period | 9904 | €4,805 | €146,569 | +€141,764 | +2950.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,805 | €146,569 | +€141,764 | +2950.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.