L.P.P.: 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.P.
Largest movements
- Tangible fixed assets -€22,325
down €22,325 (-1.7%), from €1.3m to €1.3m
of which Land and buildings: -€11,252
- Cash -€13,913
down €13,913 (-28.0%), from €49,655 to €35,742
mainly Other debts (-€823,160) and Investment in fixed assets (net) (-€36,369)
- Other debts -€823,160
down €823,160 (-98.5%), from €835,847 to €12,687
- Debts after one year +€787,504
up €787,504 (+350%), from €225,000 to €1.0m
- Profit (loss) carried forward -€16,131
down €16,131 (-9.0%), from -€179,789 to -€195,919
- Depreciation +€20,335
up €20,335 (+53.0%), from €38,358 to €58,694
- Gross operating margin -€6,426
down €6,426 (-9.3%), from €69,036 to €62,610
- Financial charges +€4,110
up €4,110 (+349%), from €1,176 to €5,286
of which Financial charges: +€4,720
- Other operating charges -€1,453
down €1,453 (-9.3%), from €15,642 to €14,189
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 | €1,352,074 | €1,309,329 | -€42,745 | -3.2% |
| Fixed assets | 21/28 | €1,294,589 | €1,272,264 | -€22,325 | -1.7% |
| Tangible fixed assets | 22/27 | €1,294,589 | €1,272,264 | -€22,325 | -1.7% |
| Land and buildings | 22 | €1,269,417 | €1,258,165 | -€11,252 | -0.9% |
| Plant, machinery and equipment | 23 | €6,431 | €2,600 | -€3,831 | -59.6% |
| Furniture and vehicles | 24 | €18,741 | €11,499 | -€7,242 | -38.6% |
| Current assets | 29/58 | €57,485 | €37,065 | -€20,420 | -35.5% |
| Amounts receivable within one year | 40/41 | €7,830 | €1,323 | -€6,506 | -83.1% |
| Trade receivables | 40 | €1,761 | €1,193 | -€568 | -32.3% |
| Other amounts receivable | 41 | €6,069 | €131 | -€5,938 | -97.8% |
| Cash at bank and in hand | 54/58 | €49,655 | €35,742 | -€13,913 | -28.0% |
| Total equity and liabilities | 10/49 | €1,352,074 | €1,309,329 | -€42,745 | -3.2% |
| Equity | 10/15 | €288,811 | €272,681 | -€16,131 | -5.6% |
| Contributions | 10/11 | €468,600 | €468,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€179,789 | -€195,919 | -€16,131 | -9.0% |
| Amounts payable | 17/49 | €1,063,263 | €1,036,649 | -€26,614 | -2.5% |
| Amounts payable after more than one year | 17 | €225,000 | €1,012,504 | +€787,504 | +350% |
| Financial debts | 170/4 | €225,000 | €1,012,504 | +€787,504 | +350% |
| Amounts payable within one year | 42/48 | €836,073 | €21,955 | -€814,118 | -97.4% |
| Current portion of amounts payable after more than one year | 42 | - | €7,970 | +€7,970 | |
| Trade debts | 44 | €226 | €1,205 | +€978 | +432% |
| Suppliers | 440/4 | €226 | €1,205 | +€978 | +432% |
| Taxes, remuneration and social security | 45 | - | €94 | +€94 | |
| Taxes | 450/3 | - | €94 | +€94 | |
| Other amounts payable | 47/48 | €835,847 | €12,687 | -€823,160 | -98.5% |
| Accrued charges and deferred income | 492/3 | €2,190 | €2,190 | = | 0.0% |
| Non-recurring operating income | 76A | €20,061 | €0 | -€20,061 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,358 | €58,694 | +€20,335 | +53.0% |
| Other operating charges | 640/8 | €15,642 | €14,189 | -€1,453 | -9.3% |
| Non-recurring operating charges | 66A | €298 | €401 | +€104 | +34.8% |
| Gross operating margin | 9900 | €69,036 | €62,610 | -€6,426 | -9.3% |
| Operating profit (loss) | 9901 | €14,738 | -€10,673 | -€25,411 | |
| Financial charges | 65/66B | €1,176 | €5,286 | +€4,110 | +349% |
| Recurring financial charges | 65 | €278 | €4,997 | +€4,720 | +1,701% |
| Non-recurring financial charges | 66B | €899 | €289 | -€610 | -67.9% |
| Profit (loss) for the period before taxes | 9903 | €13,562 | -€15,960 | -€29,521 | |
| Income taxes | 67/77 | €30 | €171 | +€141 | +469% |
| Profit (loss) for the period | 9904 | €13,532 | -€16,131 | -€29,662 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,532 | -€16,131 | -€29,662 |
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 27 October 2026 via checked.be.