Lapa Projectopvolging: 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.
Lapa Projectopvolging
Largest movements
- Stocks and contracts -€11,500
no longer reported in 2025 (was €11,500)
- Trade debts -€79,974
down €79,974 (-95.6%), from €83,656 to €3,682
- Tax, wage and social debts +€43,715
up €43,715 (+3,906%), from €1,119 to €44,834
of which Taxes: +€37,605
- Profit (loss) carried forward +€40,304
up €40,304 (+23.3%), from €173,285 to €213,588
- Current portion of long-term debt -€32,305
down €32,305 (-75.7%), from €42,658 to €10,353
- Accrued charges and deferred income +€12,200
up €12,200 (+2.7%), from €459,800 to €472,000
- Gross operating margin +€57,027
up €57,027 (+202%), from €28,189 to €85,216
- Taxes +€12,372
up €12,372 (+242%), from €5,122 to €17,494
- Other operating charges +€2,811
up €2,811 (+67.0%), from €4,197 to €7,008
- Financial income -€1,904
no longer reported in 2025 (was €1,904)
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 | €1,000,523 | €995,643 | -€4,880 | -0.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €254,825 | €263,701 | +€8,877 | +3.5% |
| Tangible fixed assets | 22/27 | €254,825 | €263,701 | +€8,877 | +3.5% |
| Land and buildings | 22 | €254,825 | €262,202 | +€7,378 | +2.9% |
| Furniture and vehicles | 24 | - | €1,499 | +€1,499 | |
| Current assets | 29/58 | €745,698 | €731,942 | -€13,756 | -1.8% |
| Stocks and contracts in progress | 3 | €11,500 | - | -€11,500 | |
| Contracts in progress | 37 | €11,500 | - | -€11,500 | |
| Amounts receivable within one year | 40/41 | €347,648 | €347,439 | -€209 | -0.1% |
| Trade receivables | 40 | €5,753 | €20,878 | +€15,125 | +263% |
| Other amounts receivable | 41 | €341,895 | €326,560 | -€15,334 | -4.5% |
| Cash at bank and in hand | 54/58 | €6,550 | €4,503 | -€2,047 | -31.2% |
| Deferred charges and accrued income | 490/1 | €380,000 | €380,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,000,523 | €995,643 | -€4,880 | -0.5% |
| Equity | 10/15 | €315,343 | €355,646 | +€40,304 | +12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,458 | €123,458 | = | 0.0% |
| Distributable reserves | 133 | €123,458 | €123,458 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,285 | €213,588 | +€40,304 | +23.3% |
| Amounts payable | 17/49 | €685,180 | €639,997 | -€45,183 | -6.6% |
| Amounts payable after more than one year | 17 | €67,947 | €79,128 | +€11,181 | +16.5% |
| Financial debts | 170/4 | €67,947 | €79,128 | +€11,181 | +16.5% |
| Amounts payable within one year | 42/48 | €157,433 | €88,869 | -€68,564 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €42,658 | €10,353 | -€32,305 | -75.7% |
| Financial debts | 43 | €30,000 | €30,000 | = | 0.0% |
| Credit institutions | 430/8 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €83,656 | €3,682 | -€79,974 | -95.6% |
| Suppliers | 440/4 | €83,656 | €3,682 | -€79,974 | -95.6% |
| Taxes, remuneration and social security | 45 | €1,119 | €44,834 | +€43,715 | +3,906% |
| Taxes | 450/3 | €1,119 | €38,724 | +€37,605 | +3,360% |
| Remuneration and social security | 454/9 | €0 | €6,110 | +€6,110 | |
| Accrued charges and deferred income | 492/3 | €459,800 | €472,000 | +€12,200 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,469 | €15,091 | -€378 | -2.4% |
| Other operating charges | 640/8 | €4,197 | €7,008 | +€2,811 | +67.0% |
| Gross operating margin | 9900 | €28,189 | €85,216 | +€57,027 | +202% |
| Operating profit (loss) | 9901 | €8,523 | €63,117 | +€54,594 | +641% |
| Financial income | 75/76B | €1,904 | - | -€1,904 | |
| Recurring financial income | 75 | €1,904 | - | -€1,904 | |
| Financial charges | 65/66B | €4,481 | €5,319 | +€838 | +18.7% |
| Recurring financial charges | 65 | €4,481 | €5,319 | +€838 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €5,946 | €57,798 | +€51,851 | +872% |
| Income taxes | 67/77 | €5,122 | €17,494 | +€12,372 | +242% |
| Profit (loss) for the period | 9904 | €825 | €40,304 | +€39,479 | +4,788% |
| Profit (loss) for the period to be appropriated | 9905 | €825 | €40,304 | +€39,479 | +4,788% |
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 30 October 2026 via checked.be.