Lepage Frères: 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.
Lepage Frères
Largest movements
- Tangible fixed assets -€2,712
down €2,712 (-42.5%), from €6,386 to €3,674
- Cash +€378
up €378 (+11.2%), from €3,358 to €3,735
mainly Other debts (+€11,622) and Depreciation (+€2,712)
- Profit (loss) carried forward -€14,588
down €14,588 (-6.2%), from -€235,895 to -€250,482
- Other debts +€11,622
up €11,622 (+7.3%), from €159,220 to €170,842
- Accrued charges and deferred income +€503
up €503 (+47.5%), from €1,059 to €1,562
- Gross operating margin +€4,926
up €4,926 (+33.5%), from -€14,702 to -€9,776
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 | €24,414 | €22,077 | -€2,337 | -9.6% |
| Fixed assets | 21/28 | €6,485 | €3,773 | -€2,712 | -41.8% |
| Tangible fixed assets | 22/27 | €6,386 | €3,674 | -€2,712 | -42.5% |
| Land and buildings | 22 | €6,386 | €3,674 | -€2,712 | -42.5% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €17,929 | €18,304 | +€375 | +2.1% |
| Stocks and contracts in progress | 3 | €13,570 | €13,570 | = | 0.0% |
| Stocks | 30/36 | €13,570 | €13,570 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €243 | €213 | -€30 | -12.2% |
| Other amounts receivable | 41 | €243 | €213 | -€30 | -12.2% |
| Cash at bank and in hand | 54/58 | €3,358 | €3,735 | +€378 | +11.2% |
| Deferred charges and accrued income | 490/1 | €758 | €786 | +€27 | +3.6% |
| Total equity and liabilities | 10/49 | €24,414 | €22,077 | -€2,337 | -9.6% |
| Equity | 10/15 | -€137,807 | -€152,395 | -€14,588 | -10.6% |
| Contributions | 10/11 | €96,678 | €96,678 | = | 0.0% |
| Reserves | 13 | €1,409 | €1,409 | = | 0.0% |
| Distributable reserves | 133 | €1,409 | €1,409 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€235,895 | -€250,482 | -€14,588 | -6.2% |
| Amounts payable | 17/49 | €162,221 | €174,472 | +€12,251 | +7.6% |
| Amounts payable within one year | 42/48 | €161,163 | €172,911 | +€11,748 | +7.3% |
| Trade debts | 44 | €1,942 | €2,068 | +€126 | +6.5% |
| Suppliers | 440/4 | €1,942 | €2,068 | +€126 | +6.5% |
| Other amounts payable | 47/48 | €159,220 | €170,842 | +€11,622 | +7.3% |
| Accrued charges and deferred income | 492/3 | €1,059 | €1,562 | +€503 | +47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,712 | €2,712 | = | 0.0% |
| Other operating charges | 640/8 | €1,912 | €1,962 | +€50 | +2.6% |
| Gross operating margin | 9900 | -€14,702 | -€9,776 | +€4,926 | +33.5% |
| Operating profit (loss) | 9901 | -€19,325 | -€14,450 | +€4,876 | +25.2% |
| Financial charges | 65/66B | €153 | €138 | -€15 | -10.0% |
| Recurring financial charges | 65 | €153 | €138 | -€15 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,479 | -€14,588 | +€4,891 | +25.1% |
| Profit (loss) for the period | 9904 | -€19,479 | -€14,588 | +€4,891 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,479 | -€14,588 | +€4,891 | +25.1% |
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 12 October 2026 via checked.be.