LEPAC: 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.
LEPAC
Largest movements
- Receivables within one year +€9,959
up €9,959 (+2350.6%), from €424 to €10,383
of which Trade receivables: +€9,372
- Other debts +€12,514
up €12,514 (+106.2%), from €11,787 to €24,301
- Gross operating margin +€7,168
up €7,168 (+74.1%), from -€9,679 to -€2,511
- Financial charges +€1,850
up €1,850 (+75.6%), from -€2,446 to -€596
- Financial income +€545
up €545 (+38.6%), from €1,412 to €1,957
- Other operating charges +€191
up €191 (+9.8%), from €1,956 to €2,147
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 | €691,017 | €701,098 | +€10,081 | +1.5% |
| Fixed assets | 21/28 | €470,279 | €470,279 | = | 0.0% |
| Tangible fixed assets | 22/27 | €470,279 | €470,279 | = | 0.0% |
| Land and buildings | 22 | €470,279 | €470,279 | = | 0.0% |
| Current assets | 29/58 | €220,738 | €230,819 | +€10,081 | +4.6% |
| Amounts receivable within one year | 40/41 | €424 | €10,383 | +€9,959 | +2350.6% |
| Trade receivables | 40 | - | €9,372 | +€9,372 | |
| Other amounts receivable | 41 | €424 | €1,011 | +€587 | +138.6% |
| Current investments | 50/53 | €211,251 | €212,138 | +€887 | +0.4% |
| Cash at bank and in hand | 54/58 | €9,064 | €8,108 | -€955 | -10.5% |
| Deferred charges and accrued income | 490/1 | - | €191 | +€191 | |
| Total equity and liabilities | 10/49 | €691,017 | €701,098 | +€10,081 | +1.5% |
| Equity | 10/15 | €678,876 | €676,772 | -€2,105 | -0.3% |
| Contributions | 10/11 | €586,268 | €586,268 | = | 0.0% |
| Capital | 10 | €586,268 | €586,268 | = | 0.0% |
| Issued capital | 100 | €586,268 | €586,268 | = | 0.0% |
| Reserves | 13 | €92,608 | €90,503 | -€2,105 | -2.3% |
| Non-distributable reserves | 130/1 | €12,498 | €12,498 | = | 0.0% |
| Legal reserve | 130 | €12,498 | €12,498 | = | 0.0% |
| Distributable reserves | 133 | €80,110 | €78,006 | -€2,105 | -2.6% |
| Amounts payable | 17/49 | €12,141 | €24,327 | +€12,186 | +100.4% |
| Amounts payable within one year | 42/48 | €12,141 | €24,327 | +€12,186 | +100.4% |
| Trade debts | 44 | €354 | €26 | -€328 | -92.7% |
| Suppliers | 440/4 | €354 | €26 | -€328 | -92.7% |
| Other amounts payable | 47/48 | €11,787 | €24,301 | +€12,514 | +106.2% |
| Other operating charges | 640/8 | €1,956 | €2,147 | +€191 | +9.8% |
| Gross operating margin | 9900 | -€9,679 | -€2,511 | +€7,168 | +74.1% |
| Operating profit (loss) | 9901 | -€11,635 | -€4,658 | +€6,977 | +60.0% |
| Financial income | 75/76B | €1,412 | €1,957 | +€545 | +38.6% |
| Recurring financial income | 75 | €1,412 | €1,957 | +€545 | +38.6% |
| Financial charges | 65/66B | -€2,446 | -€596 | +€1,850 | +75.6% |
| Recurring financial charges | 65 | -€2,446 | -€596 | +€1,850 | +75.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,777 | -€2,105 | +€5,672 | +72.9% |
| Profit (loss) for the period | 9904 | -€7,777 | -€2,105 | +€5,672 | +72.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,777 | -€2,105 | +€5,672 | +72.9% |
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 30 September 2026 via checked.be.