L.P.M.E.: 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.M.E.
Largest movements
- Tangible fixed assets -€108,726
down €108,726 (-3.2%), from €3.4m to €3.2m
- Debts after one year -€123,402
down €123,402 (-3.6%), from €3.5m to €3.3m
of which Financial debts: -€144,385
- Depreciation -€170,015
down €170,015 (-56.8%), from €299,166 to €129,151
- Financial charges -€52,153
down €52,153 (-29.8%), from €175,167 to €123,013
- Gross operating margin +€32,805
up €32,805 (+14.2%), from €230,350 to €263,155
- Other operating charges -€15,389
down €15,389 (-30.0%), from €51,213 to €35,824
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 | €3,426,958 | €3,287,098 | -€139,860 | -4.1% |
| Fixed assets | 21/28 | €3,351,379 | €3,242,653 | -€108,726 | -3.2% |
| Tangible fixed assets | 22/27 | €3,351,379 | €3,242,653 | -€108,726 | -3.2% |
| Land and buildings | 22 | €3,351,379 | €3,242,653 | -€108,726 | -3.2% |
| Current assets | 29/58 | €75,579 | €44,446 | -€31,134 | -41.2% |
| Amounts receivable within one year | 40/41 | €25,713 | €25,713 | = | 0.0% |
| Trade receivables | 40 | €25,713 | €25,713 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,707 | €15,552 | -€31,155 | -66.7% |
| Deferred charges and accrued income | 490/1 | €3,160 | €3,181 | +€21 | +0.7% |
| Total equity and liabilities | 10/49 | €3,426,958 | €3,287,098 | -€139,860 | -4.1% |
| Equity | 10/15 | -€233,195 | -€258,027 | -€24,833 | -10.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€295,195 | -€320,027 | -€24,833 | -8.4% |
| Amounts payable | 17/49 | €3,660,153 | €3,545,126 | -€115,027 | -3.1% |
| Amounts payable after more than one year | 17 | €3,468,122 | €3,344,720 | -€123,402 | -3.6% |
| Financial debts | 170/4 | €2,439,043 | €2,294,658 | -€144,385 | -5.9% |
| Other amounts payable | 178/9 | €1,029,079 | €1,050,062 | +€20,983 | +2.0% |
| Amounts payable within one year | 42/48 | €149,798 | €158,365 | +€8,567 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €138,670 | €144,385 | +€5,715 | +4.1% |
| Trade debts | 44 | €3,128 | €834 | -€2,294 | -73.4% |
| Suppliers | 440/4 | €3,128 | €834 | -€2,294 | -73.4% |
| Taxes, remuneration and social security | 45 | €8,000 | €13,146 | +€5,146 | +64.3% |
| Taxes | 450/3 | €8,000 | €13,146 | +€5,146 | +64.3% |
| Accrued charges and deferred income | 492/3 | €42,233 | €42,041 | -€191 | -0.5% |
| Non-recurring operating income | 76A | €88,000 | - | -€88,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €299,166 | €129,151 | -€170,015 | -56.8% |
| Other operating charges | 640/8 | €51,213 | €35,824 | -€15,389 | -30.0% |
| Gross operating margin | 9900 | €230,350 | €263,155 | +€32,805 | +14.2% |
| Operating profit (loss) | 9901 | -€120,028 | €98,180 | +€218,209 | |
| Financial charges | 65/66B | €175,167 | €123,013 | -€52,153 | -29.8% |
| Recurring financial charges | 65 | €175,167 | €123,013 | -€52,153 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | -€295,195 | -€24,833 | +€270,362 | +91.6% |
| Profit (loss) for the period | 9904 | -€295,195 | -€24,833 | +€270,362 | +91.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€295,195 | -€24,833 | +€270,362 | +91.6% |
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 4 October 2026 via checked.be.