L.P.C.: 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.
L.P.C.
Largest movements
- Receivables within one year -€34,789
down €34,789 (-19.5%), from €178,512 to €143,722
of which Other amounts receivable: -€72,639
- Cash +€10,679
up €10,679 (+306%), from €3,495 to €14,174
mainly Receivables within one year (+€34,789) and Net result for the year (+€20,156)
- Reserves -€41,844
down €41,844 (-27.4%), from €152,648 to €110,803
- Tax, wage and social debts +€17,734
up €17,734 (+164%), from €10,809 to €28,543
- Gross operating margin -€31,198
down €31,198 (-52.1%), from €59,908 to €28,710
- Taxes -€10,580
down €10,580 (-55.7%), from €18,981 to €8,401
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 | €182,007 | €157,897 | -€24,110 | -13.2% |
| Current assets | 29/58 | €182,007 | €157,897 | -€24,110 | -13.2% |
| Amounts receivable within one year | 40/41 | €178,512 | €143,722 | -€34,789 | -19.5% |
| Trade receivables | 40 | €95,003 | €132,853 | +€37,850 | +39.8% |
| Other amounts receivable | 41 | €83,509 | €10,869 | -€72,639 | -87.0% |
| Cash at bank and in hand | 54/58 | €3,495 | €14,174 | +€10,679 | +306% |
| Total equity and liabilities | 10/49 | €182,007 | €157,897 | -€24,110 | -13.2% |
| Equity | 10/15 | €171,198 | €129,353 | -€41,844 | -24.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €152,648 | €110,803 | -€41,844 | -27.4% |
| Distributable reserves | 133 | €152,648 | €110,803 | -€41,844 | -27.4% |
| Amounts payable | 17/49 | €10,809 | €28,543 | +€17,734 | +164% |
| Amounts payable within one year | 42/48 | €10,809 | €28,543 | +€17,734 | +164% |
| Taxes, remuneration and social security | 45 | €10,809 | €28,543 | +€17,734 | +164% |
| Taxes | 450/3 | €10,809 | €28,543 | +€17,734 | +164% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249 | - | -€249 | |
| Other operating charges | 640/8 | €43 | - | -€43 | |
| Gross operating margin | 9900 | €59,908 | €28,710 | -€31,198 | -52.1% |
| Operating profit (loss) | 9901 | €59,615 | €28,710 | -€30,905 | -51.8% |
| Financial charges | 65/66B | €131 | €154 | +€23 | +17.3% |
| Recurring financial charges | 65 | €131 | €154 | +€23 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €59,484 | €28,556 | -€30,928 | -52.0% |
| Income taxes | 67/77 | €18,981 | €8,401 | -€10,580 | -55.7% |
| Profit (loss) for the period | 9904 | €40,503 | €20,156 | -€20,348 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,503 | €20,156 | -€20,348 | -50.2% |
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 16 October 2026 via checked.be.