LAPSCHUERE: 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.
LAPSCHUERE
Largest movements
- Tangible fixed assets -€63,720
down €63,720 (-5.1%), from €1.3m to €1.2m
of which Leasing and similar rights: -€106,598
- Receivables within one year +€60,912
up €60,912 (+66.9%), from €91,023 to €151,935
of which Trade receivables: +€52,184
- Cash +€26,614
up €26,614 (+174.8%), from €15,221 to €41,835
mainly Depreciation (+€133,249) and Trade debts (+€65,499)
- Trade debts +€65,499
up €65,499 (+77.6%), from €84,413 to €149,913
- Other debts -€36,836
down €36,836 (-23.7%), from €155,540 to €118,704
- Current portion of long-term debt +€22,329
up €22,329 (+26.2%), from €85,135 to €107,464
- Debts after one year -€21,123
down €21,123 (-2.0%), from €1.0m to €1.0m
- Gross operating margin -€27,502
down €27,502 (-12.5%), from €219,915 to €192,414
- Staff costs +€9,248
new in 2024: €9,248
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,391,414 | €1,423,784 | +€32,369 | +2.3% |
| Fixed assets | 21/28 | €1,254,072 | €1,190,351 | -€63,720 | -5.1% |
| Tangible fixed assets | 22/27 | €1,254,072 | €1,190,351 | -€63,720 | -5.1% |
| Plant, machinery and equipment | 23 | €41,481 | €87,296 | +€45,814 | +110.4% |
| Furniture and vehicles | 24 | €9,291 | €6,354 | -€2,937 | -31.6% |
| Leasing and similar rights | 25 | €1,155,299 | €1,048,701 | -€106,598 | -9.2% |
| Other tangible fixed assets | 26 | €48,000 | €48,000 | = | 0.0% |
| Current assets | 29/58 | €137,343 | €233,432 | +€96,090 | +70.0% |
| Stocks and contracts in progress | 3 | €26,448 | €34,230 | +€7,782 | +29.4% |
| Stocks | 30/36 | €26,448 | €34,230 | +€7,782 | +29.4% |
| Amounts receivable within one year | 40/41 | €91,023 | €151,935 | +€60,912 | +66.9% |
| Trade receivables | 40 | €87,857 | €140,041 | +€52,184 | +59.4% |
| Other amounts receivable | 41 | €3,166 | €11,894 | +€8,728 | +275.6% |
| Cash at bank and in hand | 54/58 | €15,221 | €41,835 | +€26,614 | +174.8% |
| Deferred charges and accrued income | 490/1 | €4,650 | €5,433 | +€783 | +16.8% |
| Total equity and liabilities | 10/49 | €1,391,414 | €1,423,784 | +€32,369 | +2.3% |
| Equity | 10/15 | €23,975 | €24,280 | +€305 | +1.3% |
| Contributions | 10/11 | €19,200 | €19,200 | = | 0.0% |
| Reserves | 13 | €4,775 | €5,080 | +€305 | +6.4% |
| Distributable reserves | 133 | €4,775 | €5,080 | +€305 | +6.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,367,439 | €1,399,504 | +€32,064 | +2.3% |
| Amounts payable after more than one year | 17 | €1,041,492 | €1,020,370 | -€21,123 | -2.0% |
| Financial debts | 170/4 | €1,041,492 | €1,020,370 | -€21,123 | -2.0% |
| Amounts payable within one year | 42/48 | €325,947 | €379,134 | +€53,187 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €85,135 | €107,464 | +€22,329 | +26.2% |
| Trade debts | 44 | €84,413 | €149,913 | +€65,499 | +77.6% |
| Suppliers | 440/4 | €84,413 | €149,913 | +€65,499 | +77.6% |
| Taxes, remuneration and social security | 45 | €858 | €3,053 | +€2,194 | +255.7% |
| Taxes | 450/3 | €858 | €473 | -€386 | -44.9% |
| Remuneration and social security | 454/9 | - | €2,580 | +€2,580 | |
| Other amounts payable | 47/48 | €155,540 | €118,704 | -€36,836 | -23.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €9,248 | +€9,248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,214 | €133,249 | +€2,034 | +1.6% |
| Other operating charges | 640/8 | €1,303 | €1,654 | +€350 | +26.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €219,915 | €192,414 | -€27,502 | -12.5% |
| Operating profit (loss) | 9901 | €87,398 | €48,263 | -€39,134 | -44.8% |
| Financial income | 75/76B | €289 | €19 | -€270 | -93.4% |
| Recurring financial income | 75 | €289 | €19 | -€270 | -93.4% |
| Financial charges | 65/66B | €46,306 | €47,694 | +€1,388 | +3.0% |
| Recurring financial charges | 65 | €46,306 | €47,694 | +€1,388 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €41,381 | €589 | -€40,792 | -98.6% |
| Income taxes | 67/77 | €189 | €283 | +€94 | +49.6% |
| Profit (loss) for the period | 9904 | €41,192 | €305 | -€40,886 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,192 | €305 | -€40,886 | -99.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.