LAPIN IMMO: 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.
LAPIN IMMO
Largest movements
- Current investments +€200,000
up €200,000 (+348.0%), from €57,467 to €257,467
- Cash -€154,868
down €154,868 (-79.4%), from €195,040 to €40,172
mainly Current investments (-€200,000) and Debts after one year (-€53,924)
- Tangible fixed assets -€84,003
down €84,003 (-4.6%), from €1.8m to €1.8m
of which Land and buildings: -€83,134
- Debts after one year -€53,924
down €53,924 (-28.6%), from €188,393 to €134,468
of which Financial debts: -€34,982
- Gross operating margin -€2,519
down €2,519 (-1.9%), from €133,582 to €131,064
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 | €4,591,232 | €4,543,519 | -€47,713 | -1.0% |
| Fixed assets | 21/28 | €4,322,710 | €4,238,707 | -€84,003 | -1.9% |
| Tangible fixed assets | 22/27 | €1,846,210 | €1,762,207 | -€84,003 | -4.6% |
| Land and buildings | 22 | €1,829,417 | €1,746,283 | -€83,134 | -4.5% |
| Plant, machinery and equipment | 23 | €16,792 | €15,924 | -€869 | -5.2% |
| Financial fixed assets | 28 | €2,476,500 | €2,476,500 | = | 0.0% |
| Current assets | 29/58 | €268,522 | €304,812 | +€36,290 | +13.5% |
| Amounts receivable within one year | 40/41 | €16,016 | €7,174 | -€8,842 | -55.2% |
| Trade receivables | 40 | €2,513 | €0 | -€2,513 | -100.0% |
| Other amounts receivable | 41 | €13,503 | €7,174 | -€6,330 | -46.9% |
| Current investments | 50/53 | €57,467 | €257,467 | +€200,000 | +348.0% |
| Cash at bank and in hand | 54/58 | €195,040 | €40,172 | -€154,868 | -79.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €4,591,232 | €4,543,519 | -€47,713 | -1.0% |
| Equity | 10/15 | €4,350,156 | €4,372,326 | +€22,170 | +0.5% |
| Contributions | 10/11 | €2,493,600 | €2,493,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,856,556 | €1,878,726 | +€22,170 | +1.2% |
| Amounts payable | 17/49 | €241,076 | €171,193 | -€69,883 | -29.0% |
| Amounts payable after more than one year | 17 | €188,393 | €134,468 | -€53,924 | -28.6% |
| Financial debts | 170/4 | €169,450 | €134,468 | -€34,982 | -20.6% |
| Other amounts payable | 178/9 | €18,943 | €0 | -€18,943 | -100.0% |
| Amounts payable within one year | 42/48 | €51,236 | €35,825 | -€15,411 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €35,498 | €35,520 | +€22 | +0.1% |
| Trade debts | 44 | €13,631 | €305 | -€13,326 | -97.8% |
| Suppliers | 440/4 | €13,631 | €305 | -€13,326 | -97.8% |
| Taxes, remuneration and social security | 45 | €2,107 | €0 | -€2,107 | -100.0% |
| Taxes | 450/3 | €2,107 | €0 | -€2,107 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,448 | €900 | -€548 | -37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,200 | €86,818 | +€618 | +0.7% |
| Other operating charges | 640/8 | €17,059 | €17,731 | +€672 | +3.9% |
| Gross operating margin | 9900 | €133,582 | €131,064 | -€2,519 | -1.9% |
| Operating profit (loss) | 9901 | €30,323 | €26,514 | -€3,808 | -12.6% |
| Financial income | 75/76B | €299 | €1,227 | +€928 | +310.4% |
| Recurring financial income | 75 | €299 | €1,227 | +€928 | +310.4% |
| Financial charges | 65/66B | €5,980 | €5,572 | -€408 | -6.8% |
| Recurring financial charges | 65 | €5,980 | €5,572 | -€408 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €24,642 | €22,170 | -€2,472 | -10.0% |
| Profit (loss) for the period | 9904 | €24,642 | €22,170 | -€2,472 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,642 | €22,170 | -€2,472 | -10.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.