L.P.X.: 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.X.
Largest movements
- Tangible fixed assets -€39,361
down €39,361 (-21.9%), from €179,899 to €140,538
of which Plant, machinery and equipment: -€39,361
- Debts after one year -€54,171
down €54,171 (-35.1%), from €154,343 to €100,171
- Reserves +€8,711
up €8,711 (+34.6%), from €25,158 to €33,869
- Trade debts -€3,140
down €3,140 (-81.2%), from €3,867 to €727
- Tax, wage and social debts +€3,131
up €3,131 (+52.3%), from €5,982 to €9,113
- Gross operating margin -€6,391
down €6,391 (-10.1%), from €63,415 to €57,024
- Taxes -€2,077
down €2,077 (-37.1%), from €5,595 to €3,518
- Financial charges -€1,151
down €1,151 (-18.6%), from €6,185 to €5,034
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 | €265,640 | €220,170 | -€45,469 | -17.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €179,899 | €140,538 | -€39,361 | -21.9% |
| Tangible fixed assets | 22/27 | €179,899 | €140,538 | -€39,361 | -21.9% |
| Plant, machinery and equipment | 23 | €179,899 | €140,538 | -€39,361 | -21.9% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €85,740 | €79,632 | -€6,108 | -7.1% |
| Stocks and contracts in progress | 3 | €4,000 | €2,600 | -€1,400 | -35.0% |
| Stocks | 30/36 | €4,000 | €2,600 | -€1,400 | -35.0% |
| Amounts receivable within one year | 40/41 | €76,790 | €74,691 | -€2,099 | -2.7% |
| Trade receivables | 40 | €70,257 | €67,744 | -€2,513 | -3.6% |
| Other amounts receivable | 41 | €6,533 | €6,947 | +€414 | +6.3% |
| Cash at bank and in hand | 54/58 | €3,748 | €1,368 | -€2,380 | -63.5% |
| Deferred charges and accrued income | 490/1 | €1,202 | €973 | -€230 | -19.1% |
| Total equity and liabilities | 10/49 | €265,640 | €220,170 | -€45,469 | -17.1% |
| Equity | 10/15 | €47,276 | €55,988 | +€8,711 | +18.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €25,158 | €33,869 | +€8,711 | +34.6% |
| Distributable reserves | 133 | €25,158 | €33,869 | +€8,711 | +34.6% |
| Profit (loss) carried forward | 14 | €1,658 | €1,658 | = | 0.0% |
| Amounts payable | 17/49 | €218,363 | €164,183 | -€54,181 | -24.8% |
| Amounts payable after more than one year | 17 | €154,343 | €100,171 | -€54,171 | -35.1% |
| Financial debts | 170/4 | €154,343 | €100,171 | -€54,171 | -35.1% |
| Amounts payable within one year | 42/48 | €64,021 | €64,011 | -€10 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €54,171 | €54,171 | -€0 | 0.0% |
| Trade debts | 44 | €3,867 | €727 | -€3,140 | -81.2% |
| Suppliers | 440/4 | €3,867 | €727 | -€3,140 | -81.2% |
| Taxes, remuneration and social security | 45 | €5,982 | €9,113 | +€3,131 | +52.3% |
| Taxes | 450/3 | €5,982 | €9,113 | +€3,131 | +52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,586 | €39,361 | -€225 | -0.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €63,415 | €57,024 | -€6,391 | -10.1% |
| Operating profit (loss) | 9901 | €23,442 | €17,263 | -€6,178 | -26.4% |
| Financial charges | 65/66B | €6,185 | €5,034 | -€1,151 | -18.6% |
| Recurring financial charges | 65 | €6,185 | €5,034 | -€1,151 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €17,257 | €12,229 | -€5,027 | -29.1% |
| Income taxes | 67/77 | €5,595 | €3,518 | -€2,077 | -37.1% |
| Profit (loss) for the period | 9904 | €11,661 | €8,711 | -€2,950 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,661 | €8,711 | -€2,950 | -25.3% |
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 20 October 2026 via checked.be.