LAPI EMO: 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.
LAPI EMO
Largest movements
- Receivables within one year -€27,534
down €27,534 (-59.1%), from €46,622 to €19,088
of which Trade receivables: -€13,813
- Cash -€1,893
down €1,893 (-6.8%), from €27,674 to €25,781
mainly Net result for the year (-€29,917) and Tax, wage and social debts (-€421)
- Profit (loss) carried forward -€29,917
down €29,917 (-50.0%), from €59,800 to €29,883
- Gross operating margin -€36,539
down €36,539, from €9,017 to -€27,522
- Taxes +€1,561
new in 2025: €1,561
- Other operating charges +€460
up €460 (+119%), from €387 to €847
- Financial income -€337
down €337 (-31.9%), from €1,055 to €718
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 | €76,963 | €47,094 | -€29,869 | -38.8% |
| Fixed assets | 21/28 | €992 | €525 | -€467 | -47.1% |
| Tangible fixed assets | 22/27 | €592 | €125 | -€467 | -78.9% |
| Furniture and vehicles | 24 | €592 | €125 | -€467 | -78.9% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €75,971 | €46,569 | -€29,402 | -38.7% |
| Amounts receivable within one year | 40/41 | €46,622 | €19,088 | -€27,534 | -59.1% |
| Trade receivables | 40 | €13,813 | - | -€13,813 | |
| Other amounts receivable | 41 | €32,809 | €19,088 | -€13,721 | -41.8% |
| Cash at bank and in hand | 54/58 | €27,674 | €25,781 | -€1,893 | -6.8% |
| Deferred charges and accrued income | 490/1 | €1,675 | €1,700 | +€25 | +1.5% |
| Total equity and liabilities | 10/49 | €76,963 | €47,094 | -€29,869 | -38.8% |
| Equity | 10/15 | €61,800 | €31,883 | -€29,917 | -48.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | - | -€2,000 | |
| Other | 1109/19 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €59,800 | €29,883 | -€29,917 | -50.0% |
| Amounts payable | 17/49 | €15,163 | €15,211 | +€48 | +0.3% |
| Amounts payable within one year | 42/48 | €15,163 | €15,211 | +€48 | +0.3% |
| Trade debts | 44 | €13,307 | €13,776 | +€469 | +3.5% |
| Suppliers | 440/4 | €13,307 | €13,776 | +€469 | +3.5% |
| Taxes, remuneration and social security | 45 | €1,856 | €1,435 | -€421 | -22.7% |
| Taxes | 450/3 | €1,668 | €1,247 | -€421 | -25.2% |
| Remuneration and social security | 454/9 | €188 | €188 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €674 | €467 | -€207 | -30.7% |
| Other operating charges | 640/8 | €387 | €847 | +€460 | +119% |
| Gross operating margin | 9900 | €9,017 | -€27,522 | -€36,539 | |
| Operating profit (loss) | 9901 | €7,956 | -€28,836 | -€36,792 | |
| Financial income | 75/76B | €1,055 | €718 | -€337 | -31.9% |
| Recurring financial income | 75 | €1,055 | €718 | -€337 | -31.9% |
| Financial charges | 65/66B | €167 | €238 | +€71 | +42.5% |
| Recurring financial charges | 65 | €167 | €238 | +€71 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | €8,844 | -€28,356 | -€37,200 | |
| Income taxes | 67/77 | - | €1,561 | +€1,561 | |
| Profit (loss) for the period | 9904 | €8,844 | -€29,917 | -€38,761 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,844 | -€29,917 | -€38,761 |
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 15 October 2026 via checked.be.