LAPSAG: 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.
LAPSAG
Largest movements
- Receivables within one year +€35,264
up €35,264 (+743%), from €4,745 to €40,009
of which Trade receivables: +€29,665
- Stocks and contracts -€30,000
down €30,000 (-27.0%), from €111,000 to €81,000
- Tangible fixed assets -€3,111
down €3,111 (-97.0%), from €3,207 to €96
of which Furniture and vehicles: -€2,029
- Cash +€2,861
up €2,861 (+9.9%), from €28,959 to €31,820
mainly Stocks and contracts (+€30,000) and Trade debts (+€23,367)
- Other debts -€34,000
down €34,000 (-35.0%), from €97,080 to €63,080
- Trade debts +€23,367
up €23,367 (+596%), from €3,921 to €27,288
- Advances received +€17,132
new in 2025: €17,132
- Tax, wage and social debts -€5,677
down €5,677 (-71.0%), from €7,991 to €2,315
- Profit (loss) carried forward +€4,191
up €4,191 (+22.2%), from €18,919 to €23,110
- Gross operating margin -€18,818
down €18,818 (-61.2%), from €30,732 to €11,914
- Depreciation -€5,176
down €5,176 (-62.5%), from €8,287 to €3,111
- Taxes -€4,013
down €4,013 (-55.9%), from €7,181 to €3,168
- Other operating charges -€1,896
down €1,896 (-68.3%), from €2,777 to €881
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 | €147,911 | €152,925 | +€5,014 | +3.4% |
| Fixed assets | 21/28 | €3,207 | €96 | -€3,111 | -97.0% |
| Tangible fixed assets | 22/27 | €3,207 | €96 | -€3,111 | -97.0% |
| Plant, machinery and equipment | 23 | €1,178 | €96 | -€1,082 | -91.9% |
| Furniture and vehicles | 24 | €2,029 | - | -€2,029 | |
| Current assets | 29/58 | €144,704 | €152,829 | +€8,125 | +5.6% |
| Stocks and contracts in progress | 3 | €111,000 | €81,000 | -€30,000 | -27.0% |
| Stocks | 30/36 | €111,000 | €81,000 | -€30,000 | -27.0% |
| Amounts receivable within one year | 40/41 | €4,745 | €40,009 | +€35,264 | +743% |
| Trade receivables | 40 | €4,745 | €34,410 | +€29,665 | +625% |
| Other amounts receivable | 41 | - | €5,599 | +€5,599 | |
| Cash at bank and in hand | 54/58 | €28,959 | €31,820 | +€2,861 | +9.9% |
| Total equity and liabilities | 10/49 | €147,911 | €152,925 | +€5,014 | +3.4% |
| Equity | 10/15 | €38,919 | €43,110 | +€4,191 | +10.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,919 | €23,110 | +€4,191 | +22.2% |
| Amounts payable | 17/49 | €108,992 | €109,815 | +€823 | +0.8% |
| Amounts payable within one year | 42/48 | €108,992 | €109,815 | +€823 | +0.8% |
| Trade debts | 44 | €3,921 | €27,288 | +€23,367 | +596% |
| Suppliers | 440/4 | €3,921 | €27,288 | +€23,367 | +596% |
| Advances received on contracts in progress | 46 | - | €17,132 | +€17,132 | |
| Taxes, remuneration and social security | 45 | €7,991 | €2,315 | -€5,677 | -71.0% |
| Taxes | 450/3 | €7,991 | €2,315 | -€5,677 | -71.0% |
| Other amounts payable | 47/48 | €97,080 | €63,080 | -€34,000 | -35.0% |
| Non-recurring operating income | 76A | €50,225 | - | -€50,225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,287 | €3,111 | -€5,176 | -62.5% |
| Other operating charges | 640/8 | €2,777 | €881 | -€1,896 | -68.3% |
| Gross operating margin | 9900 | €30,732 | €11,914 | -€18,818 | -61.2% |
| Operating profit (loss) | 9901 | €19,667 | €7,922 | -€11,746 | -59.7% |
| Financial income | 75/76B | €109 | - | -€109 | |
| Recurring financial income | 75 | €109 | - | -€109 | |
| Financial charges | 65/66B | €564 | €563 | -€1 | -0.2% |
| Recurring financial charges | 65 | €564 | €563 | -€1 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €19,213 | €7,359 | -€11,853 | -61.7% |
| Income taxes | 67/77 | €7,181 | €3,168 | -€4,013 | -55.9% |
| Profit (loss) for the period | 9904 | €12,032 | €4,191 | -€7,841 | -65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,032 | €4,191 | -€7,841 | -65.2% |
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 14 October 2026 via checked.be.