LAPETUS: 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.
LAPETUS
Largest movements
- Cash +€74,147
up €74,147 (+241.5%), from €30,709 to €104,856
mainly Net result for the year (+€74,527) and Investment in fixed assets (net) (+€41,131)
- Tangible fixed assets -€54,501
down €54,501 (-81.2%), from €67,096 to €12,595
of which Land and buildings: -€42,000
- Receivables within one year -€1,936
down €1,936 (-19.8%), from €9,765 to €7,828
of which Trade receivables: -€3,838
- Reserves +€27,468
up €27,468 (+35.2%), from €78,036 to €105,505
- Debts after one year -€11,345
down €11,345 (-100.0%), from €11,345 to €0
- Trade debts +€3,199
up €3,199 (+104.2%), from €3,069 to €6,268
- Current portion of long-term debt -€1,774
down €1,774 (-13.5%), from €13,119 to €11,345
- Gross operating margin +€34,071
up €34,071 (+44.7%), from €76,174 to €110,245
- Taxes +€6,892
up €6,892 (+55.4%), from €12,438 to €19,330
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 | €110,570 | €128,118 | +€17,548 | +15.9% |
| Fixed assets | 21/28 | €67,096 | €12,595 | -€54,501 | -81.2% |
| Tangible fixed assets | 22/27 | €67,096 | €12,595 | -€54,501 | -81.2% |
| Land and buildings | 22 | €42,203 | €203 | -€42,000 | -99.5% |
| Plant, machinery and equipment | 23 | €756 | €1,039 | +€282 | +37.3% |
| Leasing and similar rights | 25 | €24,137 | €11,353 | -€12,783 | -53.0% |
| Current assets | 29/58 | €43,474 | €115,523 | +€72,049 | +165.7% |
| Amounts receivable within one year | 40/41 | €9,765 | €7,828 | -€1,936 | -19.8% |
| Trade receivables | 40 | €8,104 | €4,265 | -€3,838 | -47.4% |
| Other amounts receivable | 41 | €1,661 | €3,563 | +€1,902 | +114.5% |
| Cash at bank and in hand | 54/58 | €30,709 | €104,856 | +€74,147 | +241.5% |
| Deferred charges and accrued income | 490/1 | €3,001 | €2,839 | -€162 | -5.4% |
| Total equity and liabilities | 10/49 | €110,570 | €128,118 | +€17,548 | +15.9% |
| Equity | 10/15 | €83,036 | €110,505 | +€27,468 | +33.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €78,036 | €105,505 | +€27,468 | +35.2% |
| Distributable reserves | 133 | €78,036 | €105,505 | +€27,468 | +35.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,534 | €17,613 | -€9,920 | -36.0% |
| Amounts payable after more than one year | 17 | €11,345 | €0 | -€11,345 | -100.0% |
| Financial debts | 170/4 | €11,345 | €0 | -€11,345 | -100.0% |
| Amounts payable within one year | 42/48 | €16,189 | €17,613 | +€1,425 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €13,119 | €11,345 | -€1,774 | -13.5% |
| Trade debts | 44 | €3,069 | €6,268 | +€3,199 | +104.2% |
| Suppliers | 440/4 | €3,069 | €6,268 | +€3,199 | +104.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €30,000 | +€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,358 | €13,370 | +€12 | +0.1% |
| Other operating charges | 640/8 | €2,203 | €2,284 | +€81 | +3.7% |
| Gross operating margin | 9900 | €76,174 | €110,245 | +€34,071 | +44.7% |
| Operating profit (loss) | 9901 | €60,612 | €94,590 | +€33,978 | +56.1% |
| Financial income | 75/76B | €117 | €178 | +€61 | +51.7% |
| Recurring financial income | 75 | €117 | €178 | +€61 | +51.7% |
| Financial charges | 65/66B | €1,494 | €911 | -€582 | -39.0% |
| Recurring financial charges | 65 | €1,494 | €911 | -€582 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €59,236 | €93,857 | +€34,621 | +58.4% |
| Income taxes | 67/77 | €12,438 | €19,330 | +€6,892 | +55.4% |
| Profit (loss) for the period | 9904 | €46,798 | €74,527 | +€27,729 | +59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,798 | €74,527 | +€27,729 | +59.3% |
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.