LAPIERRE MAXIME: 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.
LAPIERRE MAXIME
Largest movements
- Tangible fixed assets +€84,654
up €84,654 (+17.9%), from €474,148 to €558,802
of which Land and buildings: +€90,885
- Cash -€69,399
down €69,399 (-69.5%), from €99,838 to €30,439
mainly Investment in fixed assets (net) (-€164,400) and Contributions, distributions and other (-€45,140)
- Other debts +€25,670
up €25,670 (+123.5%), from €20,779 to €46,449
- Debts after one year +€24,536
up €24,536 (+7.9%), from €308,886 to €333,422
- Reserves -€23,875
down €23,875 (-13.5%), from €176,484 to €152,609
- Other operating charges +€17,012
up €17,012 (+393.4%), from €4,324 to €21,336
- Depreciation +€15,220
up €15,220 (+23.6%), from €64,526 to €79,746
- Taxes -€8,829
down €8,829 (-47.9%), from €18,426 to €9,597
- Gross operating margin -€2,301
down €2,301 (-1.6%), from €147,980 to €145,679
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 | €577,271 | €594,376 | +€17,105 | +3.0% |
| Fixed assets | 21/28 | €474,207 | €558,861 | +€84,654 | +17.9% |
| Tangible fixed assets | 22/27 | €474,148 | €558,802 | +€84,654 | +17.9% |
| Land and buildings | 22 | €376,930 | €467,815 | +€90,885 | +24.1% |
| Plant, machinery and equipment | 23 | €400 | - | -€400 | |
| Furniture and vehicles | 24 | €96,818 | €90,987 | -€5,831 | -6.0% |
| Financial fixed assets | 28 | €59 | €59 | = | 0.0% |
| Current assets | 29/58 | €103,064 | €35,515 | -€67,549 | -65.5% |
| Amounts receivable within one year | 40/41 | €304 | €3,552 | +€3,248 | +1068.4% |
| Trade receivables | 40 | €304 | - | -€304 | |
| Other amounts receivable | 41 | - | €3,552 | +€3,552 | |
| Cash at bank and in hand | 54/58 | €99,838 | €30,439 | -€69,399 | -69.5% |
| Deferred charges and accrued income | 490/1 | €2,922 | €1,524 | -€1,398 | -47.8% |
| Total equity and liabilities | 10/49 | €577,271 | €594,376 | +€17,105 | +3.0% |
| Equity | 10/15 | €195,084 | €171,209 | -€23,875 | -12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €176,484 | €152,609 | -€23,875 | -13.5% |
| Distributable reserves | 133 | €176,484 | €152,609 | -€23,875 | -13.5% |
| Amounts payable | 17/49 | €382,187 | €423,167 | +€40,980 | +10.7% |
| Amounts payable after more than one year | 17 | €308,886 | €333,422 | +€24,536 | +7.9% |
| Financial debts | 170/4 | €308,886 | €333,422 | +€24,536 | +7.9% |
| Amounts payable within one year | 42/48 | €68,770 | €84,398 | +€15,628 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €42,122 | €37,833 | -€4,289 | -10.2% |
| Trade debts | 44 | - | €116 | +€116 | |
| Suppliers | 440/4 | - | €116 | +€116 | |
| Taxes, remuneration and social security | 45 | €5,869 | - | -€5,869 | |
| Taxes | 450/3 | €5,869 | - | -€5,869 | |
| Other amounts payable | 47/48 | €20,779 | €46,449 | +€25,670 | +123.5% |
| Accrued charges and deferred income | 492/3 | €4,531 | €5,347 | +€816 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,526 | €79,746 | +€15,220 | +23.6% |
| Other operating charges | 640/8 | €4,324 | €21,336 | +€17,012 | +393.4% |
| Gross operating margin | 9900 | €147,980 | €145,679 | -€2,301 | -1.6% |
| Operating profit (loss) | 9901 | €79,130 | €44,597 | -€34,533 | -43.6% |
| Financial income | 75/76B | €198 | €605 | +€407 | +205.6% |
| Recurring financial income | 75 | €198 | €605 | +€407 | +205.6% |
| Financial charges | 65/66B | €14,370 | €14,340 | -€30 | -0.2% |
| Recurring financial charges | 65 | €14,370 | €14,340 | -€30 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €64,958 | €30,862 | -€34,096 | -52.5% |
| Income taxes | 67/77 | €18,426 | €9,597 | -€8,829 | -47.9% |
| Profit (loss) for the period | 9904 | €46,532 | €21,265 | -€25,267 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,532 | €21,265 | -€25,267 | -54.3% |
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 4 October 2026 via checked.be.