LAPAUW SABINE: 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.
LAPAUW SABINE
Largest movements
- Receivables within one year +€22,195
up €22,195 (+19.9%), from €111,274 to €133,469
of which Other amounts receivable: +€130,341
- Tangible fixed assets -€11,858
down €11,858 (-25.2%), from €47,141 to €35,283
- Cash -€7,773
down €7,773 (-13.0%), from €59,835 to €52,063
mainly Receivables within one year (-€22,195) and Debts after one year (-€9,605)
- Reserves +€14,012
up €14,012 (+4.1%), from €340,857 to €354,869
of which Distributable reserves: +€354,621
- Debts after one year -€9,605
down €9,605 (-39.6%), from €24,244 to €14,640
- Purchases and services +€62,156
new in 2021: €62,156
- Gross operating margin -€12,790
down €12,790 (-21.9%), from €58,486 to €45,696
- Taxes +€9,189
up €9,189 (+91.3%), from €10,068 to €19,257
- Turnover -€5,511
down €5,511 (-5.4%), from €101,827 to €96,316
- Depreciation -€1,219
down €1,219 (-9.3%), from €13,077 to €11,858
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €374,391 | €376,955 | +€2,564 | +0.7% |
| Fixed assets | 21/28 | €47,141 | €35,283 | -€11,858 | -25.2% |
| Tangible fixed assets | 22/27 | €47,141 | €35,283 | -€11,858 | -25.2% |
| Land and buildings | 22 | - | €355 | +€355 | |
| Furniture and vehicles | 24 | - | €34,927 | +€34,927 | |
| Current assets | 29/58 | €327,250 | €341,672 | +€14,422 | +4.4% |
| Amounts receivable within one year | 40/41 | €111,274 | €133,469 | +€22,195 | +19.9% |
| Trade receivables | 40 | - | €3,127 | +€3,127 | |
| Other amounts receivable | 41 | - | €130,341 | +€130,341 | |
| Current investments | 50/53 | €156,141 | €156,141 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €59,835 | €52,063 | -€7,773 | -13.0% |
| Total equity and liabilities | 10/49 | €374,391 | €376,955 | +€2,564 | +0.7% |
| Equity | 10/15 | €343,336 | €357,348 | +€14,012 | +4.1% |
| Contributions | 10/11 | €2,479 | €2,479 | = | 0.0% |
| Capital | 10 | - | €2,479 | +€2,479 | |
| Issued capital | 100 | - | €2,479 | +€2,479 | |
| Reserves | 13 | €340,857 | €354,869 | +€14,012 | +4.1% |
| Non-distributable reserves | 130/1 | - | €248 | +€248 | |
| Legal reserve | 130 | - | €248 | +€248 | |
| Distributable reserves | 133 | - | €354,621 | +€354,621 | |
| Amounts payable | 17/49 | €31,055 | €19,607 | -€11,448 | -36.9% |
| Amounts payable after more than one year | 17 | €24,244 | €14,640 | -€9,605 | -39.6% |
| Financial debts | 170/4 | - | €14,640 | +€14,640 | |
| Amounts payable within one year | 42/48 | €6,811 | €4,967 | -€1,844 | -27.1% |
| Trade debts | 44 | €1,121 | €1,377 | +€256 | +22.9% |
| Suppliers | 440/4 | - | €1,377 | +€1,377 | |
| Taxes, remuneration and social security | 45 | - | €3,590 | +€3,590 | |
| Taxes | 450/3 | - | €3,590 | +€3,590 | |
| Turnover | 70 | €101,827 | €96,316 | -€5,511 | -5.4% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €62,156 | +€62,156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,077 | €11,858 | -€1,219 | -9.3% |
| Other operating charges | 640/8 | - | €459 | +€459 | |
| Gross operating margin | 9900 | €58,486 | €45,696 | -€12,790 | -21.9% |
| Operating profit (loss) | 9901 | €44,952 | €33,379 | -€11,573 | -25.7% |
| Financial income | 75/76B | - | €347 | +€347 | |
| Recurring financial income | 75 | €229 | €347 | +€118 | +51.3% |
| Financial charges | 65/66B | - | €457 | +€457 | |
| Recurring financial charges | 65 | €3,717 | €457 | -€3,260 | -87.7% |
| Profit (loss) for the period before taxes | 9903 | €41,464 | €33,269 | -€8,195 | -19.8% |
| Income taxes | 67/77 | €10,068 | €19,257 | +€9,189 | +91.3% |
| Profit (loss) for the period | 9904 | €31,396 | €14,012 | -€17,384 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,396 | €14,012 | -€14,384 | -50.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.