Lapeire Logistics: 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.
Lapeire Logistics
Largest movements
- Tangible fixed assets -€30,292
down €30,292 (-8.2%), from €369,801 to €339,509
of which Land and buildings: -€21,669
- Cash +€16,583
up €16,583 (+52.4%), from €31,653 to €48,236
mainly Depreciation (+€30,292) and Tax, wage and social debts (+€21,564)
- Receivables within one year +€10,108
up €10,108 (+29.5%), from €34,254 to €44,361
of which Trade receivables: +€8,537
- Tax, wage and social debts +€21,564
up €21,564 (+125%), from €17,314 to €38,878
of which Taxes: +€21,309
- Debts after one year -€20,859
down €20,859 (-5.9%), from €354,259 to €333,400
of which Financial debts: -€33,578
- Reserves -€7,098
down €7,098 (-6.0%), from €118,566 to €111,468
- Gross operating margin +€17,568
up €17,568 (+25.3%), from €69,544 to €87,113
- Taxes +€5,321
up €5,321 (+220%), from €2,420 to €7,741
- Financial charges -€2,072
down €2,072 (-7.8%), from €26,722 to €24,649
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 | €690,371 | €686,897 | -€3,474 | -0.5% |
| Fixed assets | 21/28 | €620,901 | €590,609 | -€30,292 | -4.9% |
| Tangible fixed assets | 22/27 | €369,801 | €339,509 | -€30,292 | -8.2% |
| Land and buildings | 22 | €266,554 | €244,885 | -€21,669 | -8.1% |
| Plant, machinery and equipment | 23 | €35,268 | €30,565 | -€4,703 | -13.3% |
| Other tangible fixed assets | 26 | €67,979 | €64,059 | -€3,920 | -5.8% |
| Financial fixed assets | 28 | €251,100 | €251,100 | = | 0.0% |
| Current assets | 29/58 | €69,470 | €96,288 | +€26,817 | +38.6% |
| Amounts receivable within one year | 40/41 | €34,254 | €44,361 | +€10,108 | +29.5% |
| Trade receivables | 40 | - | €8,537 | +€8,537 | |
| Other amounts receivable | 41 | €34,254 | €35,825 | +€1,571 | +4.6% |
| Cash at bank and in hand | 54/58 | €31,653 | €48,236 | +€16,583 | +52.4% |
| Deferred charges and accrued income | 490/1 | €3,563 | €3,690 | +€127 | +3.6% |
| Total equity and liabilities | 10/49 | €690,371 | €686,897 | -€3,474 | -0.5% |
| Equity | 10/15 | €263,566 | €256,468 | -€7,098 | -2.7% |
| Contributions | 10/11 | €145,000 | €145,000 | = | 0.0% |
| Reserves | 13 | €118,566 | €111,468 | -€7,098 | -6.0% |
| Distributable reserves | 133 | €118,566 | €111,468 | -€7,098 | -6.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €426,805 | €430,429 | +€3,624 | +0.8% |
| Amounts payable after more than one year | 17 | €354,259 | €333,400 | -€20,859 | -5.9% |
| Financial debts | 170/4 | €103,719 | €70,141 | -€33,578 | -32.4% |
| Other amounts payable | 178/9 | €250,541 | €263,260 | +€12,719 | +5.1% |
| Amounts payable within one year | 42/48 | €52,104 | €72,584 | +€20,480 | +39.3% |
| Current portion of amounts payable after more than one year | 42 | €32,171 | €33,578 | +€1,407 | +4.4% |
| Trade debts | 44 | €2,619 | €128 | -€2,491 | -95.1% |
| Suppliers | 440/4 | €2,619 | €128 | -€2,491 | -95.1% |
| Taxes, remuneration and social security | 45 | €17,314 | €38,878 | +€21,564 | +125% |
| Taxes | 450/3 | €14,964 | €36,273 | +€21,309 | +142% |
| Remuneration and social security | 454/9 | €2,350 | €2,605 | +€255 | +10.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €20,442 | €24,444 | +€4,002 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,720 | €30,292 | -€428 | -1.4% |
| Other operating charges | 640/8 | €4,863 | €4,956 | +€93 | +1.9% |
| Gross operating margin | 9900 | €69,544 | €87,113 | +€17,568 | +25.3% |
| Operating profit (loss) | 9901 | €33,962 | €51,865 | +€17,903 | +52.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €26,722 | €24,649 | -€2,072 | -7.8% |
| Recurring financial charges | 65 | €26,722 | €24,649 | -€2,072 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €7,240 | €27,215 | +€19,975 | +276% |
| Income taxes | 67/77 | €2,420 | €7,741 | +€5,321 | +220% |
| Profit (loss) for the period | 9904 | €4,820 | €19,474 | +€14,655 | +304% |
| Profit (loss) for the period to be appropriated | 9905 | €4,820 | €19,474 | +€14,655 | +304% |
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 23 October 2026 via checked.be.