LAPIZ: 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.
LAPIZ
Largest movements
- Tangible fixed assets -€9,930
down €9,930 (-23.8%), from €41,792 to €31,862
of which Furniture and vehicles: -€7,424
- Cash -€6,527
down €6,527 (-11.3%), from €57,982 to €51,455
mainly Net result for the year (-€14,426) and Debts after one year (-€4,996)
- Receivables within one year -€1,439
down €1,439 (-41.3%), from €3,484 to €2,045
of which Trade receivables: -€1,141
- Profit (loss) carried forward -€14,426
down €14,426 (-97.3%), from -€14,824 to -€29,250
- Debts after one year -€4,996
down €4,996 (-38.8%), from €12,866 to €7,870
- Other debts -€1,538
down €1,538 (-10.2%), from €15,156 to €13,617
- Depreciation +€2,278
up €2,278 (+27.2%), from €8,381 to €10,660
- Gross operating margin +€1,985
up €1,985, from -€1,960 to €25
- Other operating charges -€803
down €803 (-24.0%), from €3,344 to €2,542
- Financial charges +€135
up €135 (+14.6%), from €921 to €1,056
- Financial income +€22
up €22 (+74,567%), from €0 to €22
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 | €110,993 | €92,221 | -€18,773 | -16.9% |
| Fixed assets | 21/28 | €41,792 | €31,862 | -€9,930 | -23.8% |
| Tangible fixed assets | 22/27 | €41,792 | €31,862 | -€9,930 | -23.8% |
| Land and buildings | 22 | €1,347 | €859 | -€488 | -36.2% |
| Plant, machinery and equipment | 23 | €6,441 | €4,423 | -€2,018 | -31.3% |
| Furniture and vehicles | 24 | €34,004 | €26,580 | -€7,424 | -21.8% |
| Current assets | 29/58 | €69,201 | €60,358 | -€8,843 | -12.8% |
| Stocks and contracts in progress | 3 | €5,041 | €4,181 | -€859 | -17.1% |
| Stocks | 30/36 | €5,041 | €4,181 | -€859 | -17.1% |
| Amounts receivable within one year | 40/41 | €3,484 | €2,045 | -€1,439 | -41.3% |
| Trade receivables | 40 | €3,185 | €2,045 | -€1,141 | -35.8% |
| Other amounts receivable | 41 | €298 | - | -€298 | |
| Cash at bank and in hand | 54/58 | €57,982 | €51,455 | -€6,527 | -11.3% |
| Deferred charges and accrued income | 490/1 | €2,694 | €2,678 | -€17 | -0.6% |
| Total equity and liabilities | 10/49 | €110,993 | €92,221 | -€18,773 | -16.9% |
| Equity | 10/15 | €74,304 | €59,877 | -€14,426 | -19.4% |
| Contributions | 10/11 | €51,314 | €51,314 | = | 0.0% |
| Reserves | 13 | €37,813 | €37,813 | = | 0.0% |
| Distributable reserves | 133 | €37,813 | €37,813 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,824 | -€29,250 | -€14,426 | -97.3% |
| Amounts payable | 17/49 | €36,690 | €32,343 | -€4,346 | -11.8% |
| Amounts payable after more than one year | 17 | €12,866 | €7,870 | -€4,996 | -38.8% |
| Financial debts | 170/4 | €12,866 | €7,870 | -€4,996 | -38.8% |
| Amounts payable within one year | 42/48 | €23,824 | €24,473 | +€649 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €4,803 | €4,996 | +€192 | +4.0% |
| Trade debts | 44 | €3,586 | €4,593 | +€1,007 | +28.1% |
| Suppliers | 440/4 | €3,586 | €4,593 | +€1,007 | +28.1% |
| Taxes, remuneration and social security | 45 | €279 | €1,268 | +€989 | +354% |
| Taxes | 450/3 | €279 | €1,268 | +€989 | +354% |
| Other amounts payable | 47/48 | €15,156 | €13,617 | -€1,538 | -10.2% |
| Non-recurring operating income | 76A | - | €6,650 | +€6,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,381 | €10,660 | +€2,278 | +27.2% |
| Other operating charges | 640/8 | €3,344 | €2,542 | -€803 | -24.0% |
| Gross operating margin | 9900 | -€1,960 | €25 | +€1,985 | |
| Operating profit (loss) | 9901 | -€13,685 | -€13,177 | +€509 | +3.7% |
| Financial income | 75/76B | €0 | €22 | +€22 | +74,567% |
| Recurring financial income | 75 | €0 | €22 | +€22 | +74,567% |
| Financial charges | 65/66B | €921 | €1,056 | +€135 | +14.6% |
| Recurring financial charges | 65 | €921 | €1,056 | +€135 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,606 | -€14,210 | +€396 | +2.7% |
| Income taxes | 67/77 | €217 | €217 | -€1 | -0.4% |
| Profit (loss) for the period | 9904 | -€14,824 | -€14,426 | +€397 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,824 | -€14,426 | +€397 | +2.7% |
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 15 October 2026 via checked.be.