LEPA: 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.
LEPA
Largest movements
- Cash -€12,778
down €12,778 (-57.8%), from €22,112 to €9,334
mainly Contributions, distributions and other (-€12,400) and Net result for the year (-€2,273)
- Receivables within one year -€1,971
down €1,971 (-43.0%), from €4,579 to €2,608
of which Trade receivables: -€1,636
- Tangible fixed assets -€545
down €545 (-25.0%), from €2,181 to €1,636
of which Furniture and vehicles: -€545
- Contributions -€12,400
no longer reported in 2025 (was €12,400)
- Profit (loss) carried forward -€2,273
down €2,273 (-87.0%), from €2,611 to €339
- Other debts -€780
down €780 (-7.3%), from €10,728 to €9,949
- Taxes -€2,243
no longer reported in 2025 (was €2,243)
- Gross operating margin +€1,493
up €1,493 (+48.3%), from -€3,091 to -€1,598
- Other operating charges -€270
down €270 (-81.3%), from €332 to €62
- Depreciation -€266
down €266 (-32.8%), from €811 to €545
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 | €28,872 | €13,578 | -€15,294 | -53.0% |
| Fixed assets | 21/28 | €2,181 | €1,636 | -€545 | -25.0% |
| Tangible fixed assets | 22/27 | €2,181 | €1,636 | -€545 | -25.0% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €2,181 | €1,636 | -€545 | -25.0% |
| Current assets | 29/58 | €26,691 | €11,942 | -€14,749 | -55.3% |
| Amounts receivable within one year | 40/41 | €4,579 | €2,608 | -€1,971 | -43.0% |
| Trade receivables | 40 | €2,171 | €534 | -€1,636 | -75.4% |
| Other amounts receivable | 41 | €2,408 | €2,074 | -€334 | -13.9% |
| Cash at bank and in hand | 54/58 | €22,112 | €9,334 | -€12,778 | -57.8% |
| Total equity and liabilities | 10/49 | €28,872 | €13,578 | -€15,294 | -53.0% |
| Equity | 10/15 | €17,655 | €2,982 | -€14,673 | -83.1% |
| Contributions | 10/11 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €2,643 | €2,643 | = | 0.0% |
| Distributable reserves | 133 | €2,643 | €2,643 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,611 | €339 | -€2,273 | -87.0% |
| Amounts payable | 17/49 | €11,217 | €10,596 | -€621 | -5.5% |
| Amounts payable within one year | 42/48 | €11,217 | €10,596 | -€621 | -5.5% |
| Trade debts | 44 | €489 | €647 | +€158 | +32.4% |
| Suppliers | 440/4 | €489 | €647 | +€158 | +32.4% |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €10,728 | €9,949 | -€780 | -7.3% |
| Non-recurring operating income | 76A | €1,653 | - | -€1,653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €811 | €545 | -€266 | -32.8% |
| Other operating charges | 640/8 | €332 | €62 | -€270 | -81.3% |
| Gross operating margin | 9900 | -€3,091 | -€1,598 | +€1,493 | +48.3% |
| Operating profit (loss) | 9901 | -€4,235 | -€2,205 | +€2,029 | +47.9% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €74 | €68 | -€6 | -8.2% |
| Recurring financial charges | 65 | €74 | €68 | -€6 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,303 | -€2,273 | +€2,030 | +47.2% |
| Income taxes | 67/77 | €2,243 | - | -€2,243 | |
| Profit (loss) for the period | 9904 | -€6,546 | -€2,273 | +€4,273 | +65.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,546 | -€2,273 | +€4,273 | +65.3% |
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 15 October 2026 via checked.be.