LAPON: 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.
LAPON
Largest movements
- Cash -€31,668
down €31,668 (-31.7%), from €99,775 to €68,107
mainly Contributions, distributions and other (-€20,000) and Net result for the year (-€15,214)
- Tangible fixed assets -€18,547
down €18,547 (-6.1%), from €304,492 to €285,945
of which Furniture and vehicles: -€9,815
- Stocks and contracts +€6,152
up €6,152 (+133%), from €4,617 to €10,769
- Reserves -€20,000
down €20,000 (-12.5%), from €159,781 to €139,781
of which Distributable reserves: -€20,000
- Other debts +€19,380
up €19,380 (+22.0%), from €87,950 to €107,330
- Profit (loss) carried forward -€15,214
down €15,214 (-27.5%), from €55,348 to €40,134
- Tax, wage and social debts -€14,024
down €14,024 (-60.4%), from €23,221 to €9,197
of which Taxes: -€9,802
- Current portion of long-term debt -€10,076
no longer reported in 2025 (was €10,076)
- Gross operating margin -€76,176
down €76,176 (-60.2%), from €126,609 to €50,433
- Staff costs -€18,468
down €18,468 (-41.6%), from €44,436 to €25,968
- Taxes -€15,600
down €15,600 (-98.9%), from €15,780 to €180
- Other operating charges +€6,802
up €6,802 (+76.4%), from €8,906 to €15,708
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 | €414,278 | €371,031 | -€43,247 | -10.4% |
| Fixed assets | 21/28 | €304,492 | €285,945 | -€18,547 | -6.1% |
| Tangible fixed assets | 22/27 | €304,492 | €285,945 | -€18,547 | -6.1% |
| Land and buildings | 22 | €285,095 | €277,670 | -€7,425 | -2.6% |
| Plant, machinery and equipment | 23 | €3,048 | €1,740 | -€1,307 | -42.9% |
| Furniture and vehicles | 24 | €16,349 | €6,534 | -€9,815 | -60.0% |
| Current assets | 29/58 | €109,786 | €85,086 | -€24,700 | -22.5% |
| Stocks and contracts in progress | 3 | €4,617 | €10,769 | +€6,152 | +133% |
| Stocks | 30/36 | €4,617 | €10,769 | +€6,152 | +133% |
| Amounts receivable within one year | 40/41 | €335 | €1,543 | +€1,208 | +361% |
| Trade receivables | 40 | €335 | €507 | +€172 | +51.3% |
| Other amounts receivable | 41 | - | €1,036 | +€1,036 | |
| Cash at bank and in hand | 54/58 | €99,775 | €68,107 | -€31,668 | -31.7% |
| Deferred charges and accrued income | 490/1 | €5,059 | €4,668 | -€391 | -7.7% |
| Total equity and liabilities | 10/49 | €414,278 | €371,031 | -€43,247 | -10.4% |
| Equity | 10/15 | €268,426 | €233,212 | -€35,214 | -13.1% |
| Contributions | 10/11 | €53,297 | €53,297 | = | 0.0% |
| Contributions outside capital | 11 | - | €53,297 | +€53,297 | |
| Other | 1109/19 | - | €53,297 | +€53,297 | |
| Reserves | 13 | €159,781 | €139,781 | -€20,000 | -12.5% |
| Tax-exempt reserves | 132 | €22,211 | €22,211 | = | 0.0% |
| Distributable reserves | 133 | €137,570 | €117,570 | -€20,000 | -14.5% |
| Profit (loss) carried forward | 14 | €55,348 | €40,134 | -€15,214 | -27.5% |
| Amounts payable | 17/49 | €145,852 | €137,819 | -€8,033 | -5.5% |
| Amounts payable within one year | 42/48 | €145,852 | €137,819 | -€8,033 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €10,076 | - | -€10,076 | |
| Trade debts | 44 | €6,665 | €7,952 | +€1,288 | +19.3% |
| Suppliers | 440/4 | €6,665 | €7,952 | +€1,288 | +19.3% |
| Advances received on contracts in progress | 46 | €17,940 | €13,340 | -€4,600 | -25.6% |
| Taxes, remuneration and social security | 45 | €23,221 | €9,197 | -€14,024 | -60.4% |
| Taxes | 450/3 | €16,943 | €7,140 | -€9,802 | -57.9% |
| Remuneration and social security | 454/9 | €6,278 | €2,056 | -€4,222 | -67.2% |
| Other amounts payable | 47/48 | €87,950 | €107,330 | +€19,380 | +22.0% |
| Remuneration, social security and pensions | 62 | €44,436 | €25,968 | -€18,468 | -41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,271 | €22,152 | -€119 | -0.5% |
| Other operating charges | 640/8 | €8,906 | €15,708 | +€6,802 | +76.4% |
| Gross operating margin | 9900 | €126,609 | €50,433 | -€76,176 | -60.2% |
| Operating profit (loss) | 9901 | €50,996 | -€13,395 | -€64,392 | |
| Financial income | 75/76B | €83 | €17 | -€66 | -79.4% |
| Recurring financial income | 75 | €83 | €17 | -€66 | -79.4% |
| Financial charges | 65/66B | €1,980 | €1,656 | -€324 | -16.4% |
| Recurring financial charges | 65 | €1,980 | €1,656 | -€324 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €49,099 | -€15,034 | -€64,134 | |
| Income taxes | 67/77 | €15,780 | €180 | -€15,600 | -98.9% |
| Profit (loss) for the period | 9904 | €33,319 | -€15,214 | -€48,533 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,319 | -€15,214 | -€48,533 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.