LAPIE: 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.
LAPIE
Largest movements
- Tangible fixed assets -€7,637
down €7,637 (-5.0%), from €152,458 to €144,820
- Cash +€4,533
up €4,533 (+111.3%), from €4,073 to €8,606
mainly Depreciation (+€7,637) and Net result for the year (+€719)
- Trade debts -€3,800
down €3,800 (-97.1%), from €3,912 to €112
- Gross operating margin -€4,938
down €4,938 (-29.9%), from €16,496 to €11,559
- Depreciation -€2,880
down €2,880 (-27.4%), from €10,517 to €7,637
- Other operating charges -€1,579
down €1,579 (-33.2%), from €4,752 to €3,172
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 | €157,059 | €153,979 | -€3,081 | -2.0% |
| Fixed assets | 21/28 | €152,458 | €144,820 | -€7,637 | -5.0% |
| Tangible fixed assets | 22/27 | €152,458 | €144,820 | -€7,637 | -5.0% |
| Land and buildings | 22 | €152,458 | €144,820 | -€7,637 | -5.0% |
| Current assets | 29/58 | €4,602 | €9,158 | +€4,556 | +99.0% |
| Cash at bank and in hand | 54/58 | €4,073 | €8,606 | +€4,533 | +111.3% |
| Deferred charges and accrued income | 490/1 | €529 | €552 | +€23 | +4.4% |
| Total equity and liabilities | 10/49 | €157,059 | €153,979 | -€3,081 | -2.0% |
| Equity | 10/15 | €33,364 | €34,084 | +€719 | +2.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,136 | -€27,416 | +€719 | +2.6% |
| Amounts payable | 17/49 | €123,695 | €119,895 | -€3,800 | -3.1% |
| Amounts payable within one year | 42/48 | €123,695 | €119,895 | -€3,800 | -3.1% |
| Trade debts | 44 | €3,912 | €112 | -€3,800 | -97.1% |
| Suppliers | 440/4 | €3,912 | €112 | -€3,800 | -97.1% |
| Other amounts payable | 47/48 | €119,783 | €119,783 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,517 | €7,637 | -€2,880 | -27.4% |
| Other operating charges | 640/8 | €4,752 | €3,172 | -€1,579 | -33.2% |
| Gross operating margin | 9900 | €16,496 | €11,559 | -€4,938 | -29.9% |
| Operating profit (loss) | 9901 | €1,227 | €749 | -€478 | -39.0% |
| Financial charges | 65/66B | €45 | €30 | -€15 | -33.3% |
| Recurring financial charges | 65 | €45 | €30 | -€15 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €1,182 | €719 | -€463 | -39.2% |
| Profit (loss) for the period | 9904 | €1,182 | €719 | -€463 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,182 | €719 | -€463 | -39.2% |
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 10 October 2026 via checked.be.