LAPS GROUP: 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.
LAPS GROUP
Largest movements
- Intangible fixed assets +€55,000
new in 2025: €55,000
- Receivables within one year +€26,074
up €26,074 (+1508.4%), from €1,729 to €27,803
- Tangible fixed assets +€25,320
up €25,320 (+126.1%), from €20,087 to €45,408
- Cash -€22,619
down €22,619 (-55.6%), from €40,694 to €18,074
mainly Investment in fixed assets (net) (-€105,345) and Receivables within one year (-€26,074)
- Other debts +€42,924
up €42,924 (+1043.5%), from €4,113 to €47,037
- Trade debts +€26,635
up €26,635 (+1063.3%), from €2,505 to €29,141
- Profit (loss) carried forward +€8,491
up €8,491 (+17.3%), from €48,947 to €57,438
- Tax, wage and social debts +€6,470
up €6,470 (+305.8%), from €2,115 to €8,585
- Staff costs -€30,952
no longer reported in 2025 (was €30,952)
- Depreciation +€16,482
up €16,482 (+192.9%), from €8,542 to €25,024
- Other operating charges +€5,310
up €5,310 (+242.6%), from €2,189 to €7,498
- Gross operating margin +€2,531
up €2,531 (+5.4%), from €46,670 to €49,201
- Taxes +€2,340
up €2,340 (+156.4%), from €1,497 to €3,837
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 | €64,515 | €148,290 | +€83,776 | +129.9% |
| Fixed assets | 21/28 | €22,092 | €102,413 | +€80,320 | +363.6% |
| Intangible fixed assets | 21 | - | €55,000 | +€55,000 | |
| Tangible fixed assets | 22/27 | €20,087 | €45,408 | +€25,320 | +126.1% |
| Furniture and vehicles | 24 | €20,087 | €45,408 | +€25,320 | +126.1% |
| Financial fixed assets | 28 | €2,005 | €2,005 | = | 0.0% |
| Current assets | 29/58 | €42,422 | €45,878 | +€3,455 | +8.1% |
| Amounts receivable within one year | 40/41 | €1,729 | €27,803 | +€26,074 | +1508.4% |
| Trade receivables | 40 | €1,729 | €27,803 | +€26,074 | +1508.4% |
| Cash at bank and in hand | 54/58 | €40,694 | €18,074 | -€22,619 | -55.6% |
| Total equity and liabilities | 10/49 | €64,515 | €148,290 | +€83,776 | +129.9% |
| Equity | 10/15 | €49,947 | €58,438 | +€8,491 | +17.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,947 | €57,438 | +€8,491 | +17.3% |
| Amounts payable | 17/49 | €14,567 | €89,852 | +€75,285 | +516.8% |
| Amounts payable within one year | 42/48 | €14,567 | €89,852 | +€75,285 | +516.8% |
| Trade debts | 44 | €2,505 | €29,141 | +€26,635 | +1063.3% |
| Suppliers | 440/4 | €2,505 | €29,141 | +€26,635 | +1063.3% |
| Advances received on contracts in progress | 46 | €5,834 | €5,090 | -€744 | -12.8% |
| Taxes, remuneration and social security | 45 | €2,115 | €8,585 | +€6,470 | +305.8% |
| Taxes | 450/3 | €2,115 | €8,585 | +€6,470 | +305.8% |
| Other amounts payable | 47/48 | €4,113 | €47,037 | +€42,924 | +1043.5% |
| Remuneration, social security and pensions | 62 | €30,952 | - | -€30,952 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,542 | €25,024 | +€16,482 | +192.9% |
| Other operating charges | 640/8 | €2,189 | €7,498 | +€5,310 | +242.6% |
| Non-recurring operating charges | 66A | - | €4,094 | +€4,094 | |
| Gross operating margin | 9900 | €46,670 | €49,201 | +€2,531 | +5.4% |
| Operating profit (loss) | 9901 | €4,987 | €12,584 | +€7,597 | +152.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +280.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +280.0% |
| Non-recurring financial income | 76B | €0 | €0 | +€0 | +280.0% |
| Financial charges | 65/66B | €49 | €257 | +€208 | +427.9% |
| Recurring financial charges | 65 | €49 | €257 | +€208 | +427.9% |
| Non-recurring financial charges | 66B | €49 | €257 | +€208 | +427.9% |
| Profit (loss) for the period before taxes | 9903 | €4,939 | €12,328 | +€7,389 | +149.6% |
| Income taxes | 67/77 | €1,497 | €3,837 | +€2,340 | +156.4% |
| Profit (loss) for the period | 9904 | €3,442 | €8,491 | +€5,049 | +146.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,442 | €8,491 | +€5,049 | +146.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.