LAPUB: 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.
LAPUB
Largest movements
- Tangible fixed assets +€10,271
up €10,271 (+63.9%), from €16,069 to €26,340
of which Furniture and vehicles: +€15,272
- Stocks and contracts +€9,450
up €9,450 (+76.0%), from €12,430 to €21,880
- Cash +€5,159
up €5,159 (+34.9%), from €14,772 to €19,931
mainly Other debts (+€31,545) and Depreciation (+€16,444)
- Receivables within one year +€2,451
up €2,451 (+7.3%), from €33,587 to €36,038
- Other debts +€31,545
up €31,545 (+102%), from €30,921 to €62,466
- Profit (loss) carried forward -€2,340
down €2,340 (-11.8%), from €19,861 to €17,522
- Tax, wage and social debts -€1,086
down €1,086 (-18.8%), from €5,791 to €4,705
- Depreciation +€7,580
up €7,580 (+85.5%), from €8,863 to €16,444
- Gross operating margin +€3,869
up €3,869 (+29.5%), from €13,105 to €16,974
- Taxes -€607
no longer reported in 2025 (was €607)
- Other operating charges +€188
up €188 (+138%), from €136 to €324
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 | €77,374 | €104,977 | +€27,604 | +35.7% |
| Fixed assets | 21/28 | €16,432 | €26,703 | +€10,271 | +62.5% |
| Tangible fixed assets | 22/27 | €16,069 | €26,340 | +€10,271 | +63.9% |
| Plant, machinery and equipment | 23 | €6,751 | €1,751 | -€5,000 | -74.1% |
| Furniture and vehicles | 24 | €9,318 | €24,589 | +€15,272 | +164% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €60,941 | €78,274 | +€17,332 | +28.4% |
| Stocks and contracts in progress | 3 | €12,430 | €21,880 | +€9,450 | +76.0% |
| Stocks | 30/36 | €12,430 | €21,880 | +€9,450 | +76.0% |
| Amounts receivable within one year | 40/41 | €33,587 | €36,038 | +€2,451 | +7.3% |
| Trade receivables | 40 | €33,587 | €36,038 | +€2,451 | +7.3% |
| Cash at bank and in hand | 54/58 | €14,772 | €19,931 | +€5,159 | +34.9% |
| Deferred charges and accrued income | 490/1 | €152 | €425 | +€273 | +180% |
| Total equity and liabilities | 10/49 | €77,374 | €104,977 | +€27,604 | +35.7% |
| Equity | 10/15 | €40,146 | €37,806 | -€2,340 | -5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,684 | €1,684 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,684 | €1,684 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,684 | €1,684 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,861 | €17,522 | -€2,340 | -11.8% |
| Amounts payable | 17/49 | €37,228 | €67,171 | +€29,943 | +80.4% |
| Amounts payable within one year | 42/48 | €37,228 | €67,171 | +€29,943 | +80.4% |
| Trade debts | 44 | €516 | - | -€516 | |
| Suppliers | 440/4 | €516 | - | -€516 | |
| Taxes, remuneration and social security | 45 | €5,791 | €4,705 | -€1,086 | -18.8% |
| Taxes | 450/3 | €5,791 | €4,705 | -€1,086 | -18.8% |
| Other amounts payable | 47/48 | €30,921 | €62,466 | +€31,545 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,863 | €16,444 | +€7,580 | +85.5% |
| Other operating charges | 640/8 | €136 | €324 | +€188 | +138% |
| Non-recurring operating charges | 66A | - | €2,326 | +€2,326 | |
| Gross operating margin | 9900 | €13,105 | €16,974 | +€3,869 | +29.5% |
| Operating profit (loss) | 9901 | €4,105 | -€2,119 | -€6,224 | |
| Financial income | 75/76B | €152 | €0 | -€152 | -100.0% |
| Recurring financial income | 75 | €152 | €0 | -€152 | -100.0% |
| Financial charges | 65/66B | €256 | €221 | -€35 | -13.6% |
| Recurring financial charges | 65 | €256 | €221 | -€35 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €4,002 | -€2,340 | -€6,342 | |
| Income taxes | 67/77 | €607 | - | -€607 | |
| Profit (loss) for the period | 9904 | €3,395 | -€2,340 | -€5,735 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,395 | -€2,340 | -€5,735 |
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 13 October 2026 via checked.be.