LAPIS: what changed
LAPIS
Largest movements
- Cash -€29,879
down €29,879 (-54.4%), from €54,933 to €25,055
mainly Receivables within one year (-€16,120) and Trade debts (-€6,971)
- Receivables within one year +€16,120
up €16,120 (+702%), from €2,296 to €18,416
- Trade debts -€6,971
down €6,971 (-52.2%), from €13,366 to €6,395
- Profit (loss) carried forward -€6,788
down €6,788 (-1.7%), from -€388,993 to -€395,780
- Gross operating margin +€5,020
up €5,020 (+47.2%), from -€10,639 to -€5,619
- Other operating charges -€780
down €780 (-62.3%), from €1,252 to €472
- Financial charges +€110
up €110 (+18.8%), from €586 to €697
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,229 | €43,471 | -€13,759 | -24.0% |
| Current assets | 29/58 | €57,229 | €43,471 | -€13,759 | -24.0% |
| Amounts receivable within one year | 40/41 | €2,296 | €18,416 | +€16,120 | +702% |
| Other amounts receivable | 41 | €2,296 | €18,416 | +€16,120 | +702% |
| Cash at bank and in hand | 54/58 | €54,933 | €25,055 | -€29,879 | -54.4% |
| Total equity and liabilities | 10/49 | €57,229 | €43,471 | -€13,759 | -24.0% |
| Equity | 10/15 | €43,864 | €37,076 | -€6,788 | -15.5% |
| Contributions | 10/11 | €365,000 | €365,000 | = | 0.0% |
| Capital | 10 | €365,000 | €365,000 | = | 0.0% |
| Issued capital | 100 | €365,000 | €365,000 | = | 0.0% |
| Reserves | 13 | €67,856 | €67,856 | = | 0.0% |
| Non-distributable reserves | 130/1 | €67,856 | €67,856 | = | 0.0% |
| Legal reserve | 130 | €36,500 | €36,500 | = | 0.0% |
| Other | 1319 | €31,356 | €31,356 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€388,993 | -€395,780 | -€6,788 | -1.7% |
| Amounts payable | 17/49 | €13,366 | €6,395 | -€6,971 | -52.2% |
| Amounts payable within one year | 42/48 | €13,366 | €6,395 | -€6,971 | -52.2% |
| Trade debts | 44 | €13,366 | €6,395 | -€6,971 | -52.2% |
| Suppliers | 440/4 | €13,366 | €6,395 | -€6,971 | -52.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €1,252 | €472 | -€780 | -62.3% |
| Gross operating margin | 9900 | -€10,639 | -€5,619 | +€5,020 | +47.2% |
| Operating profit (loss) | 9901 | -€11,891 | -€6,091 | +€5,800 | +48.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €586 | €697 | +€110 | +18.8% |
| Recurring financial charges | 65 | €586 | €697 | +€110 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,477 | -€6,788 | +€5,690 | +45.6% |
| Profit (loss) for the period | 9904 | -€12,477 | -€6,788 | +€5,690 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,477 | -€6,788 | +€5,690 | +45.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.