LAPETO: what changed
Two fiscal 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.
LAPETO
Largest movements
- Receivables within one year -€61,480
down €61,480 (-42.8%), from €143,516 to €82,036
of which Trade receivables: -€65,766
- Tangible fixed assets -€25,575
down €25,575 (-17.9%), from €143,137 to €117,562
of which Other tangible fixed assets: -€15,043
- Cash +€22,675
up €22,675 (+30.3%), from €74,738 to €97,413
mainly Receivables within one year (+€61,480) and Net result for the year (+€46,018)
- Trade debts -€98,374
down €98,374 (-70.6%), from €139,296 to €40,922
- Profit (loss) carried forward +€46,018
up €46,018 (+140.2%), from €32,819 to €78,837
- Debts after one year -€32,347
down €32,347 (-56.9%), from €56,883 to €24,536
- Tax, wage and social debts +€30,100
up €30,100 (+80.1%), from €37,592 to €67,693
of which Taxes: +€18,486
- Accrued charges and deferred income -€8,739
down €8,739 (-21.9%), from €39,890 to €31,151
- Gross operating margin -€25,608
down €25,608 (-10.4%), from €246,001 to €220,394
- Staff costs +€19,195
up €19,195 (+18.3%), from €105,070 to €124,265
- Depreciation +€4,494
up €4,494 (+19.4%), from €23,170 to €27,664
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 | €418,410 | €355,486 | -€62,924 | -15.0% |
| Fixed assets | 21/28 | €148,137 | €122,562 | -€25,575 | -17.3% |
| Tangible fixed assets | 22/27 | €143,137 | €117,562 | -€25,575 | -17.9% |
| Furniture and vehicles | 24 | €31,124 | €20,591 | -€10,532 | -33.8% |
| Other tangible fixed assets | 26 | €112,013 | €96,971 | -€15,043 | -13.4% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €270,274 | €232,924 | -€37,349 | -13.8% |
| Stocks and contracts in progress | 3 | €52,020 | €52,070 | +€50 | +0.1% |
| Stocks | 30/36 | €52,020 | €52,070 | +€50 | +0.1% |
| Amounts receivable within one year | 40/41 | €143,516 | €82,036 | -€61,480 | -42.8% |
| Trade receivables | 40 | €143,226 | €77,460 | -€65,766 | -45.9% |
| Other amounts receivable | 41 | €290 | €4,576 | +€4,286 | +1478.5% |
| Cash at bank and in hand | 54/58 | €74,738 | €97,413 | +€22,675 | +30.3% |
| Deferred charges and accrued income | 490/1 | €0 | €1,405 | +€1,405 | |
| Total equity and liabilities | 10/49 | €418,410 | €355,486 | -€62,924 | -15.0% |
| Equity | 10/15 | €112,819 | €158,837 | +€46,018 | +40.8% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,819 | €78,837 | +€46,018 | +140.2% |
| Amounts payable | 17/49 | €305,592 | €196,649 | -€108,943 | -35.6% |
| Amounts payable after more than one year | 17 | €56,883 | €24,536 | -€32,347 | -56.9% |
| Financial debts | 170/4 | €56,883 | €24,536 | -€32,347 | -56.9% |
| Amounts payable within one year | 42/48 | €208,819 | €140,962 | -€67,857 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €31,931 | €32,347 | +€416 | +1.3% |
| Trade debts | 44 | €139,296 | €40,922 | -€98,374 | -70.6% |
| Suppliers | 440/4 | €139,296 | €40,922 | -€98,374 | -70.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €37,592 | €67,693 | +€30,100 | +80.1% |
| Taxes | 450/3 | €24,428 | €42,914 | +€18,486 | +75.7% |
| Remuneration and social security | 454/9 | €13,164 | €24,779 | +€11,615 | +88.2% |
| Accrued charges and deferred income | 492/3 | €39,890 | €31,151 | -€8,739 | -21.9% |
| Remuneration, social security and pensions | 62 | €105,070 | €124,265 | +€19,195 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,170 | €27,664 | +€4,494 | +19.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €5,239 | €6,561 | +€1,322 | +25.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €246,001 | €220,394 | -€25,608 | -10.4% |
| Operating profit (loss) | 9901 | €112,522 | €61,904 | -€50,618 | -45.0% |
| Financial income | 75/76B | €246 | €1,033 | +€787 | +320.0% |
| Recurring financial income | 75 | €246 | €1,033 | +€787 | +320.0% |
| Financial charges | 65/66B | €2,954 | €2,145 | -€808 | -27.4% |
| Recurring financial charges | 65 | €2,954 | €2,145 | -€808 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €109,814 | €60,791 | -€49,023 | -44.6% |
| Income taxes | 67/77 | €15,230 | €14,773 | -€457 | -3.0% |
| Profit (loss) for the period | 9904 | €94,584 | €46,018 | -€48,566 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €94,584 | €46,018 | -€48,566 | -51.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.