LAPPERSBOS: 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.
LAPPERSBOS
Largest movements
- Tangible fixed assets -€35,399
down €35,399 (-4.0%), from €884,480 to €849,081
of which Land and buildings: -€31,737
- Receivables within one year -€18,855
down €18,855 (-67.2%), from €28,061 to €9,206
of which Trade receivables: -€16,764
- Current investments +€14,646
up €14,646 (+4.4%), from €336,660 to €351,306
- Contributions -€138,000
down €138,000 (-99.9%), from €138,073 to €73
- Other debts +€108,776
up €108,776 (+23.3%), from €466,594 to €575,370
- Debts after one year -€72,097
down €72,097 (-23.4%), from €308,480 to €236,383
- Reserves +€54,379
up €54,379 (+29.0%), from €187,540 to €241,919
of which Distributable reserves: +€58,685
- Gross operating margin -€39,129
down €39,129 (-13.0%), from €301,939 to €262,810
- Taxes +€16,820
up €16,820 (+78.0%), from €21,559 to €38,379
- Staff costs +€4,450
up €4,450 (+7.3%), from €60,562 to €65,012
- Financial charges -€3,970
down €3,970 (-8.1%), from €49,298 to €45,328
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 | €1,285,122 | €1,238,998 | -€46,124 | -3.6% |
| Fixed assets | 21/28 | €884,480 | €849,081 | -€35,399 | -4.0% |
| Tangible fixed assets | 22/27 | €884,480 | €849,081 | -€35,399 | -4.0% |
| Land and buildings | 22 | €879,761 | €848,024 | -€31,737 | -3.6% |
| Plant, machinery and equipment | 23 | €937 | €233 | -€704 | -75.1% |
| Furniture and vehicles | 24 | €3,781 | €823 | -€2,958 | -78.2% |
| Current assets | 29/58 | €400,643 | €389,918 | -€10,725 | -2.7% |
| Amounts receivable within one year | 40/41 | €28,061 | €9,206 | -€18,855 | -67.2% |
| Trade receivables | 40 | €24,719 | €7,955 | -€16,764 | -67.8% |
| Other amounts receivable | 41 | €3,342 | €1,251 | -€2,091 | -62.6% |
| Current investments | 50/53 | €336,660 | €351,306 | +€14,646 | +4.4% |
| Cash at bank and in hand | 54/58 | €29,731 | €25,800 | -€3,931 | -13.2% |
| Deferred charges and accrued income | 490/1 | €6,191 | €3,606 | -€2,585 | -41.8% |
| Total equity and liabilities | 10/49 | €1,285,122 | €1,238,998 | -€46,124 | -3.6% |
| Equity | 10/15 | €325,614 | €241,992 | -€83,621 | -25.7% |
| Contributions | 10/11 | €138,073 | €73 | -€138,000 | -99.9% |
| Reserves | 13 | €187,540 | €241,919 | +€54,379 | +29.0% |
| Tax-exempt reserves | 132 | €170,016 | €165,710 | -€4,307 | -2.5% |
| Distributable reserves | 133 | €17,524 | €76,209 | +€58,685 | +334.9% |
| Provisions and deferred taxes | 16 | €44,635 | €42,417 | -€2,218 | -5.0% |
| Deferred taxes | 168 | €44,635 | €42,417 | -€2,218 | -5.0% |
| Amounts payable | 17/49 | €914,874 | €954,589 | +€39,715 | +4.3% |
| Amounts payable after more than one year | 17 | €308,480 | €236,383 | -€72,097 | -23.4% |
| Financial debts | 170/4 | €308,480 | €236,383 | -€72,097 | -23.4% |
| Amounts payable within one year | 42/48 | €576,485 | €688,627 | +€112,142 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €75,607 | €72,097 | -€3,511 | -4.6% |
| Trade debts | 44 | €22,904 | €26,443 | +€3,539 | +15.5% |
| Suppliers | 440/4 | €22,904 | €26,443 | +€3,539 | +15.5% |
| Taxes, remuneration and social security | 45 | €11,379 | €14,717 | +€3,337 | +29.3% |
| Taxes | 450/3 | €2,913 | €8,582 | +€5,669 | +194.6% |
| Remuneration and social security | 454/9 | €8,466 | €6,135 | -€2,331 | -27.5% |
| Other amounts payable | 47/48 | €466,594 | €575,370 | +€108,776 | +23.3% |
| Accrued charges and deferred income | 492/3 | €29,909 | €29,580 | -€329 | -1.1% |
| Non-recurring operating income | 76A | - | €3,193 | +€3,193 | |
| Remuneration, social security and pensions | 62 | €60,562 | €65,012 | +€4,450 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,964 | €35,399 | -€1,565 | -4.2% |
| Other operating charges | 640/8 | €10,360 | €11,342 | +€981 | +9.5% |
| Non-recurring operating charges | 66A | €636,747 | €4,331 | -€632,416 | -99.3% |
| Gross operating margin | 9900 | €301,939 | €262,810 | -€39,129 | -13.0% |
| Operating profit (loss) | 9901 | -€442,694 | €146,727 | +€589,421 | |
| Financial income | 75/76B | €8,341 | €6,661 | -€1,680 | -20.1% |
| Recurring financial income | 75 | €7,667 | €6,661 | -€1,006 | -13.1% |
| Non-recurring financial income | 76B | €674 | - | -€674 | |
| Financial charges | 65/66B | €49,298 | €45,328 | -€3,970 | -8.1% |
| Recurring financial charges | 65 | €49,298 | €45,328 | -€3,970 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€483,651 | €108,060 | +€591,712 | |
| Transfer from deferred taxes | 780 | €2,218 | €2,218 | = | 0.0% |
| Income taxes | 67/77 | €21,559 | €38,379 | +€16,820 | +78.0% |
| Profit (loss) for the period | 9904 | -€502,993 | €71,899 | +€574,892 | |
| Transfer from tax-exempt reserves | 789 | €4,307 | €4,307 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€498,687 | €76,205 | +€574,892 |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.