LVP Group: what changed
What changed
LVP Group
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€134,083
2024 · €186,906-€52,823
Equity
€809,219
2024 · €791,136+€18,083
Cash
€9,420
2024 · €14,609-€5,190
Balance sheet total
€1.8m
2024 · €1.7m+€6,428
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts -€26,779
down €26,779 (-18.6%), from €143,901 to €117,122
- Reserves +€18,083
up €18,083 (+2.3%), from €772,136 to €790,219
Income statement
- Financial income -€81,073
down €81,073 (-35.6%), from €228,039 to €146,966
- Staff costs -€23,972
down €23,972 (-43.2%), from €55,453 to €31,481
- Taxes -€5,282
down €5,282 (-28.3%), from €18,691 to €13,408
- Gross operating margin -€833
down €833 (-2.4%), from €35,400 to €34,567
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
€186,906
Gross operating margin
-€833
Staff costs
+€23,972
Depreciation
-€0
Other operating charges
-€91
Financial income
-€81,073
Financial charges
-€80
Taxes
+€5,282
Result 2025
€134,083
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
+€110,810
Investment
€0
Financing
-€116,000
Cash 2024
€14,609
From operations (derived)
+€110,810
Net result for the year
+€134,083
Depreciation
+€1,062
Receivables within one year
-€12,679
Trade debts
+€5,494
Tax, wage and social debts
+€9,630
Other debts
-€26,779
Financing
-€116,000
Contributions, distributions and other
-€116,000
Cash 2025
€9,420
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,748,385 | €1,754,813 | +€6,428 | +0.4% |
| Fixed assets | 21/28 | €1,691,607 | €1,690,545 | -€1,062 | -0.1% |
| Tangible fixed assets | 22/27 | €7,982 | €6,920 | -€1,062 | -13.3% |
| Land and buildings | 22 | €6,583 | €5,838 | -€746 | -11.3% |
| Furniture and vehicles | 24 | €1,399 | €1,083 | -€316 | -22.6% |
| Financial fixed assets | 28 | €1,683,625 | €1,683,625 | = | 0.0% |
| Current assets | 29/58 | €56,778 | €64,267 | +€7,489 | +13.2% |
| Amounts receivable within one year | 40/41 | €42,169 | €54,848 | +€12,679 | +30.1% |
| Trade receivables | 40 | €4,433 | €8,486 | +€4,053 | +91.4% |
| Other amounts receivable | 41 | €37,736 | €46,362 | +€8,626 | +22.9% |
| Cash at bank and in hand | 54/58 | €14,609 | €9,420 | -€5,190 | -35.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,748,385 | €1,754,813 | +€6,428 | +0.4% |
| Equity | 10/15 | €791,136 | €809,219 | +€18,083 | +2.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €772,136 | €790,219 | +€18,083 | +2.3% |
| Distributable reserves | 133 | €772,136 | €790,219 | +€18,083 | +2.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €957,249 | €945,594 | -€11,655 | -1.2% |
| Amounts payable after more than one year | 17 | €786,000 | €786,000 | = | 0.0% |
| Financial debts | 170/4 | - | €786,000 | +€786,000 | |
| Other amounts payable | 178/9 | €786,000 | €0 | -€786,000 | -100% |
| Amounts payable within one year | 42/48 | €171,249 | €159,594 | -€11,655 | -6.8% |
| Trade debts | 44 | €427 | €5,921 | +€5,494 | +1,288% |
| Suppliers | 440/4 | €427 | €5,921 | +€5,494 | +1,288% |
| Taxes, remuneration and social security | 45 | €26,921 | €36,551 | +€9,630 | +35.8% |
| Taxes | 450/3 | €20,625 | €36,551 | +€15,926 | +77.2% |
| Remuneration and social security | 454/9 | €6,296 | €0 | -€6,296 | -100% |
| Other amounts payable | 47/48 | €143,901 | €117,122 | -€26,779 | -18.6% |
| Remuneration, social security and pensions | 62 | €55,453 | €31,481 | -€23,972 | -43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,062 | €1,062 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,171 | €1,261 | +€91 | +7.7% |
| Gross operating margin | 9900 | €35,400 | €34,567 | -€833 | -2.4% |
| Operating profit (loss) | 9901 | -€22,285 | €763 | +€23,048 | |
| Financial income | 75/76B | €228,039 | €146,966 | -€81,073 | -35.6% |
| Recurring financial income | 75 | €228,039 | €146,966 | -€81,073 | -35.6% |
| Financial charges | 65/66B | €158 | €238 | +€80 | +51.0% |
| Recurring financial charges | 65 | €158 | €238 | +€80 | +51.0% |
| Profit (loss) for the period before taxes | 9903 | €205,596 | €147,491 | -€58,105 | -28.3% |
| Income taxes | 67/77 | €18,691 | €13,408 | -€5,282 | -28.3% |
| Profit (loss) for the period | 9904 | €186,906 | €134,083 | -€52,823 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €186,906 | €134,083 | -€52,823 | -28.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 3 November 2026 via checked.be.