L.P.C.: 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.
L.P.C.
Largest movements
- Receivables within one year +€202,695
up €202,695 (+209.9%), from €96,583 to €299,279
- Current investments -€50,000
down €50,000 (-4.3%), from €1.2m to €1.1m
- Cash +€46,604
up €46,604 (+31.0%), from €150,183 to €196,786
mainly Net result for the year (+€196,843) and Current investments (+€50,000)
- Reserves +€1.1m
up €1.1m (+86.8%), from €1.2m to €2.3m
- Profit (loss) carried forward -€854,510
no longer reported in 2025 (was €854,510)
- Financial income -€31,579
down €31,579 (-12.1%), from €260,893 to €229,313
- Taxes +€2,377
up €2,377 (+9.8%), from €24,230 to €26,607
- Gross operating margin -€2,199
down €2,199 (-92.0%), from -€2,390 to -€4,589
- Financial charges -€508
down €508 (-91.9%), from €553 to €45
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,102,595 | €2,301,265 | +€198,670 | +9.4% |
| Fixed assets | 21/28 | €704,259 | €704,259 | = | 0.0% |
| Financial fixed assets | 28 | €704,259 | €704,259 | = | 0.0% |
| Current assets | 29/58 | €1,398,336 | €1,597,006 | +€198,670 | +14.2% |
| Amounts receivable within one year | 40/41 | €96,583 | €299,279 | +€202,695 | +209.9% |
| Other amounts receivable | 41 | €96,583 | €299,279 | +€202,695 | +209.9% |
| Current investments | 50/53 | €1,150,000 | €1,100,000 | -€50,000 | -4.3% |
| Cash at bank and in hand | 54/58 | €150,183 | €196,786 | +€46,604 | +31.0% |
| Deferred charges and accrued income | 490/1 | €1,570 | €941 | -€629 | -40.0% |
| Total equity and liabilities | 10/49 | €2,102,595 | €2,301,265 | +€198,670 | +9.4% |
| Equity | 10/15 | €2,084,272 | €2,281,115 | +€196,843 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,211,162 | €2,262,515 | +€1.1m | +86.8% |
| Distributable reserves | 133 | €1,211,162 | €2,262,515 | +€1.1m | +86.8% |
| Profit (loss) carried forward | 14 | €854,510 | - | -€854,510 | |
| Amounts payable | 17/49 | €18,323 | €20,151 | +€1,828 | +10.0% |
| Amounts payable within one year | 42/48 | €18,323 | €20,151 | +€1,828 | +10.0% |
| Trade debts | 44 | - | €1,718 | +€1,718 | |
| Suppliers | 440/4 | - | €1,718 | +€1,718 | |
| Taxes, remuneration and social security | 45 | €18,323 | €18,433 | +€109 | +0.6% |
| Taxes | 450/3 | €18,323 | €18,433 | +€109 | +0.6% |
| Other operating charges | 640/8 | €1,193 | €1,230 | +€37 | +3.1% |
| Gross operating margin | 9900 | -€2,390 | -€4,589 | -€2,199 | -92.0% |
| Operating profit (loss) | 9901 | -€3,583 | -€5,819 | -€2,236 | -62.4% |
| Financial income | 75/76B | €260,893 | €229,313 | -€31,579 | -12.1% |
| Recurring financial income | 75 | €260,893 | €229,313 | -€31,579 | -12.1% |
| Financial charges | 65/66B | €553 | €45 | -€508 | -91.9% |
| Recurring financial charges | 65 | €553 | €45 | -€508 | -91.9% |
| Profit (loss) for the period before taxes | 9903 | €256,757 | €223,449 | -€33,308 | -13.0% |
| Income taxes | 67/77 | €24,230 | €26,607 | +€2,377 | +9.8% |
| Profit (loss) for the period | 9904 | €232,527 | €196,843 | -€35,684 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €232,527 | €196,843 | -€35,684 | -15.3% |
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 5 October 2026 via checked.be.