LAPAUW GROUP: 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.
What changed
LAPAUW GROUP
NACE 64.210, Activities of holding companies
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€3,127
2023 · -€301,158+€304,286
Equity
€2.2m
2023 · €725,275+€1.5m
Cash
€2,368
2023 · €3,701-€1,333
Balance sheet total
€4.4m
2023 · €2.8m+€1.6m
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+99.0%), from €1.1m to €2.2m
of which Other amounts receivable: +€772,900
- Financial fixed assets +€512,374
up €512,374 (+29.8%), from €1.7m to €2.2m
of which Other financial fixed assets: +€512,374
Equity and liabilities
- Contributions +€1.5m
up €1.5m (+7.7%), from €19.6m to €21.1m
- Other debts +€101,026
up €101,026 (+13.5%), from €750,000 to €851,026
Income statement
- Services and other goods -€548,409
down €548,409 (-40.7%), from €1.3m to €798,265
- Turnover -€303,870
down €303,870 (-28.5%), from €1.1m to €760,775
- Depreciation -€27,746
down €27,746 (-59.1%), from €46,955 to €19,209
- Other operating income -€23,027
down €23,027 (-69.6%), from €33,082 to €10,055
From the 2023 result to the 2024 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.
Result 2023
-€301,158
Turnover
-€303,870
Other operating income
-€23,027
Services and other goods
+€548,409
Depreciation
+€27,746
Other operating charges
-€4,258
Other operating items
+€72,410
Financial income
-€2,884
Financial charges
-€10,241
Result 2024
€3,127
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€988,958
Investment
-€512,374
Financing
+€1.5m
Cash 2023
€3,701
From operations (derived)
-€988,958
Net result for the year
+€3,127
Depreciation
+€19,209
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€14,585
Trade debts
-€38,349
Tax, wage and social debts
-€17,611
Other debts
+€101,026
Accrued charges and deferred income
+€38,719
Investment (derived)
-€512,374
Investment in fixed assets (net)
-€512,374
Financing
+€1.5m
Contributions, distributions and other
+€1.5m
Cash 2024
€2,368
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,839,473 | €4,426,384 | +€1.6m | +55.9% |
| Fixed assets | 21/28 | €1,744,090 | €2,237,255 | +€493,165 | +28.3% |
| Intangible fixed assets | 21 | €24,650 | €5,441 | -€19,209 | -77.9% |
| Financial fixed assets | 28 | €1,719,440 | €2,231,814 | +€512,374 | +29.8% |
| Affiliated companies | 280/1 | €1,711,486 | €1,711,486 | = | 0.0% |
| Participating interests | 280 | €1,711,486 | €1,711,486 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,954 | €520,329 | +€512,374 | +6,441% |
| Amounts receivable and cash guarantees | 285/8 | €7,954 | €520,329 | +€512,374 | +6,441% |
| Current assets | 29/58 | €1,095,383 | €2,189,129 | +€1.1m | +99.9% |
| Amounts receivable within one year | 40/41 | €1,091,682 | €2,172,176 | +€1.1m | +99.0% |
| Trade receivables | 40 | €416,645 | €724,239 | +€307,594 | +73.8% |
| Other amounts receivable | 41 | €675,037 | €1,447,937 | +€772,900 | +114% |
| Cash at bank and in hand | 54/58 | €3,701 | €2,368 | -€1,333 | -36.0% |
| Deferred charges and accrued income | 490/1 | - | €14,585 | +€14,585 | |
| Total equity and liabilities | 10/49 | €2,839,473 | €4,426,384 | +€1.6m | +55.9% |
| Equity | 10/15 | €725,275 | €2,228,403 | +€1.5m | +207% |
| Contributions | 10/11 | €19,569,060 | €21,069,060 | +€1.5m | +7.7% |
| Reserves | 13 | €33,410 | €33,410 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,975 | €30,975 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,975 | €30,975 | = | 0.0% |
| Distributable reserves | 133 | €2,435 | €2,435 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,877,194 | -€18,874,067 | +€3,127 | 0.0% |
| Amounts payable | 17/49 | €2,114,197 | €2,197,982 | +€83,784 | +4.0% |
| Amounts payable after more than one year | 17 | €1,000,000 | €1,000,000 | = | 0.0% |
| Financial debts | 170/4 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other loans | 174 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,113,515 | €1,158,580 | +€45,066 | +4.0% |
| Trade debts | 44 | €345,904 | €307,554 | -€38,349 | -11.1% |
| Suppliers | 440/4 | €345,904 | €307,554 | -€38,349 | -11.1% |
| Taxes, remuneration and social security | 45 | €17,611 | - | -€17,611 | |
| Remuneration and social security | 454/9 | €17,611 | - | -€17,611 | |
| Other amounts payable | 47/48 | €750,000 | €851,026 | +€101,026 | +13.5% |
| Accrued charges and deferred income | 492/3 | €683 | €39,401 | +€38,719 | +5,670% |
| Operating income | 70/76A | €1,223,095 | €923,089 | -€300,007 | -24.5% |
| Turnover | 70 | €1,064,645 | €760,775 | -€303,870 | -28.5% |
| Other operating income | 74 | €33,082 | €10,055 | -€23,027 | -69.6% |
| Non-recurring operating income | 76A | €125,369 | €152,259 | +€26,890 | +21.4% |
| Operating charges | 60/66A | €1,440,225 | €822,807 | -€617,418 | -42.9% |
| Services and other goods | 61 | €1,346,674 | €798,265 | -€548,409 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,955 | €19,209 | -€27,746 | -59.1% |
| Other operating charges | 640/8 | €1,075 | €5,333 | +€4,258 | +396% |
| Non-recurring operating charges | 66A | €45,520 | - | -€45,520 | |
| Operating profit (loss) | 9901 | -€217,130 | €100,282 | +€317,411 | |
| Financial income | 75/76B | €2,884 | - | -€2,884 | |
| Recurring financial income | 75 | €2,884 | - | -€2,884 | |
| Other financial income | 752/9 | €2,884 | - | -€2,884 | |
| Financial charges | 65/66B | €86,913 | €97,154 | +€10,241 | +11.8% |
| Recurring financial charges | 65 | €86,913 | €97,154 | +€10,241 | +11.8% |
| Debt charges | 650 | €30,860 | €94,747 | +€63,887 | +207% |
| Other financial charges | 652/9 | €56,053 | €2,407 | -€53,646 | -95.7% |
| Profit (loss) for the period before taxes | 9903 | -€301,158 | €3,127 | +€304,286 | |
| Profit (loss) for the period | 9904 | -€301,158 | €3,127 | +€304,286 | |
| Profit (loss) for the period to be appropriated | 9905 | -€301,158 | €3,127 | +€304,286 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.