Lapee: 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.
Lapee
Largest movements
- Cash +€3,022
up €3,022 (+93.6%), from €3,228 to €6,250
mainly Net result for the year (+€3,254) and Receivables within one year (+€1,121)
- Receivables within one year -€1,121
down €1,121 (-79.5%), from €1,410 to €289
- Tangible fixed assets -€1,045
down €1,045 (-23.0%), from €4,538 to €3,493
of which Plant, machinery and equipment: -€593
- Reserves +€3,254
up €3,254 (+1208.7%), from €269 to €3,524
- Trade debts -€1,935
down €1,935 (-98.1%), from €1,973 to €38
- Tax, wage and social debts -€332
down €332 (-18.4%), from €1,802 to €1,470
of which Remuneration and social security: -€1,485
- Accrued charges and deferred income -€132
no longer reported in 2025 (was €132)
- Gross operating margin +€5,173
up €5,173 (+338.1%), from €1,530 to €6,703
- Taxes +€1,153
up €1,153 (+1713.1%), from €67 to €1,220
- Depreciation +€358
up €358 (+52.0%), from €687 to €1,045
- Staff costs +€349
up €349 (+1270.7%), from €28 to €377
- Other operating charges +€252
up €252 (+65.2%), from €387 to €640
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.
Cash bridge derived
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 | €9,177 | €10,032 | +€855 | +9.3% |
| Fixed assets | 21/28 | €4,538 | €3,493 | -€1,045 | -23.0% |
| Tangible fixed assets | 22/27 | €4,538 | €3,493 | -€1,045 | -23.0% |
| Plant, machinery and equipment | 23 | €2,618 | €2,026 | -€593 | -22.6% |
| Other tangible fixed assets | 26 | €1,920 | €1,467 | -€452 | -23.6% |
| Current assets | 29/58 | €4,638 | €6,539 | +€1,901 | +41.0% |
| Amounts receivable within one year | 40/41 | €1,410 | €289 | -€1,121 | -79.5% |
| Other amounts receivable | 41 | €1,410 | €289 | -€1,121 | -79.5% |
| Cash at bank and in hand | 54/58 | €3,228 | €6,250 | +€3,022 | +93.6% |
| Total equity and liabilities | 10/49 | €9,177 | €10,032 | +€855 | +9.3% |
| Equity | 10/15 | €5,269 | €8,524 | +€3,254 | +61.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €269 | €3,524 | +€3,254 | +1208.7% |
| Distributable reserves | 133 | €269 | €3,524 | +€3,254 | +1208.7% |
| Amounts payable | 17/49 | €3,907 | €1,508 | -€2,399 | -61.4% |
| Amounts payable within one year | 42/48 | €3,775 | €1,508 | -€2,267 | -60.0% |
| Trade debts | 44 | €1,973 | €38 | -€1,935 | -98.1% |
| Suppliers | 440/4 | €1,973 | €38 | -€1,935 | -98.1% |
| Taxes, remuneration and social security | 45 | €1,802 | €1,470 | -€332 | -18.4% |
| Taxes | 450/3 | €67 | €1,220 | +€1,153 | +1713.1% |
| Remuneration and social security | 454/9 | €1,735 | €250 | -€1,485 | -85.6% |
| Accrued charges and deferred income | 492/3 | €132 | - | -€132 | |
| Remuneration, social security and pensions | 62 | €28 | €377 | +€349 | +1270.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €687 | €1,045 | +€358 | +52.0% |
| Other operating charges | 640/8 | €387 | €640 | +€252 | +65.2% |
| Gross operating margin | 9900 | €1,530 | €6,703 | +€5,173 | +338.1% |
| Operating profit (loss) | 9901 | €428 | €4,641 | +€4,213 | +985.4% |
| Financial charges | 65/66B | €91 | €166 | +€75 | +82.3% |
| Recurring financial charges | 65 | €91 | €166 | +€75 | +82.3% |
| Profit (loss) for the period before taxes | 9903 | €337 | €4,475 | +€4,138 | +1229.6% |
| Income taxes | 67/77 | €67 | €1,220 | +€1,153 | +1713.1% |
| Profit (loss) for the period | 9904 | €269 | €3,254 | +€2,985 | +1108.7% |
| Profit (loss) for the period to be appropriated | 9905 | €269 | €3,254 | +€2,985 | +1108.7% |
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 11 October 2026 via checked.be.