Lapinne: 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.
Lapinne
Largest movements
- Cash +€14,020
up €14,020 (+27.5%), from €50,982 to €65,001
mainly Net result for the year (+€25,121) and Depreciation (+€4,123)
- Receivables within one year +€3,092
up €3,092 (+31.5%), from €9,821 to €12,913
of which Trade receivables: +€3,092
- Tangible fixed assets -€2,481
down €2,481 (-15.5%), from €16,042 to €13,561
of which Other tangible fixed assets: -€2,939
- Reserves +€25,121
up €25,121 (+56.6%), from €44,393 to €69,514
- Other debts -€8,099
down €8,099 (-91.5%), from €8,851 to €752
- Trade debts -€2,237
down €2,237 (-50.1%), from €4,463 to €2,226
- Gross operating margin +€9,479
up €9,479 (+26.9%), from €35,195 to €44,674
- Taxes +€3,411
up €3,411 (+35.1%), from €9,726 to €13,138
- Staff costs +€507
up €507 (+58.5%), from €867 to €1,374
- Depreciation +€471
up €471 (+12.9%), from €3,652 to €4,123
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 | €80,200 | €94,871 | +€14,671 | +18.3% |
| Fixed assets | 21/28 | €17,688 | €15,207 | -€2,481 | -14.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €16,042 | €13,561 | -€2,481 | -15.5% |
| Furniture and vehicles | 24 | €3,918 | €4,376 | +€458 | +11.7% |
| Other tangible fixed assets | 26 | €12,124 | €9,185 | -€2,939 | -24.2% |
| Financial fixed assets | 28 | €1,646 | €1,646 | = | 0.0% |
| Current assets | 29/58 | €62,512 | €79,663 | +€17,152 | +27.4% |
| Amounts receivable within one year | 40/41 | €9,821 | €12,913 | +€3,092 | +31.5% |
| Trade receivables | 40 | €9,821 | €12,913 | +€3,092 | +31.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €50,982 | €65,001 | +€14,020 | +27.5% |
| Deferred charges and accrued income | 490/1 | €1,709 | €1,749 | +€40 | +2.3% |
| Total equity and liabilities | 10/49 | €80,200 | €94,871 | +€14,671 | +18.3% |
| Equity | 10/15 | €59,384 | €84,505 | +€25,121 | +42.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €44,393 | €69,514 | +€25,121 | +56.6% |
| Distributable reserves | 133 | €44,393 | €69,514 | +€25,121 | +56.6% |
| Profit (loss) carried forward | 14 | €8,791 | €8,791 | = | 0.0% |
| Amounts payable | 17/49 | €20,816 | €10,366 | -€10,451 | -50.2% |
| Amounts payable within one year | 42/48 | €20,816 | €10,366 | -€10,451 | -50.2% |
| Trade debts | 44 | €4,463 | €2,226 | -€2,237 | -50.1% |
| Suppliers | 440/4 | €4,463 | €2,226 | -€2,237 | -50.1% |
| Taxes, remuneration and social security | 45 | €7,502 | €7,387 | -€115 | -1.5% |
| Taxes | 450/3 | €7,502 | €7,387 | -€115 | -1.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,851 | €752 | -€8,099 | -91.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €867 | €1,374 | +€507 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,652 | €4,123 | +€471 | +12.9% |
| Other operating charges | 640/8 | €952 | €980 | +€28 | +2.9% |
| Gross operating margin | 9900 | €35,195 | €44,674 | +€9,479 | +26.9% |
| Operating profit (loss) | 9901 | €29,724 | €38,197 | +€8,473 | +28.5% |
| Financial income | 75/76B | €298 | €264 | -€34 | -11.3% |
| Recurring financial income | 75 | €298 | €264 | -€34 | -11.3% |
| Financial charges | 65/66B | €572 | €203 | -€369 | -64.6% |
| Recurring financial charges | 65 | €572 | €203 | -€369 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | €29,450 | €38,259 | +€8,809 | +29.9% |
| Income taxes | 67/77 | €9,726 | €13,138 | +€3,411 | +35.1% |
| Profit (loss) for the period | 9904 | €19,723 | €25,121 | +€5,398 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,723 | €25,121 | +€5,398 | +27.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.