LEPAGE GROUP: 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.
What changed
LEPAGE GROUP
NACE 70.200, Business and other management consultancy
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€249,409
2023 · €154,472+€94,937
Equity
€3.0m
2023 · €3.2m-€250,591
Cash
€17,902
2023 · €21,710-€3,808
Balance sheet total
€5.6m
2023 · €5.5m+€47,947
Largest movements
Assets
- Receivables within one year +€199,676
up €199,676 (+71.4%), from €279,635 to €479,311
of which Trade receivables: +€103,560
- Financial fixed assets -€138,889
down €138,889 (-2.7%), from €5.2m to €5.1m
of which Companies linked by participating interests: -€138,889
Equity and liabilities
- Other debts +€401,785
up €401,785 (+369%), from €108,825 to €510,610
- Profit (loss) carried forward -€250,591
down €250,591 (-16.8%), from €1.5m to €1.2m
- Debts after one year -€142,403
down €142,403 (-12.8%), from €1.1m to €974,288
- Trade debts +€128,094
up €128,094 (+19.0%), from €675,692 to €803,786
Income statement
- Services and other goods +€308,724
up €308,724 (+108%), from €286,319 to €595,043
- Staff costs -€300,790
down €300,790 (-22.1%), from €1.4m to €1.1m
- Turnover +€100,000
up €100,000 (+5.5%), from €1.8m to €1.9m
- Financial income +€44,009
new in 2024: €44,009
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.
Result 2023
€154,472
Turnover
+€100,000
Other operating income
-€5,516
Services and other goods
-€308,724
Staff costs
+€300,790
Depreciation
+€724
Other operating charges
-€6,211
Other operating items
-€21,670
Financial income
+€44,009
Financial charges
-€3,693
Taxes
-€4,772
Result 2024
€249,409
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€545,057
Investment
+€138,889
Financing
-€687,754
Cash 2023
€21,710
From operations (derived)
+€545,057
Net result for the year
+€249,409
Depreciation
+€8,268
Receivables within one year
-€199,676
Deferred charges and accrued income
+€764
Trade debts
+€128,094
Tax, wage and social debts
-€43,587
Other debts
+€401,785
Investment (derived)
+€138,889
Investment in fixed assets (net)
+€138,889
Financing
-€687,754
Debts after one year
-€142,403
Current portion of long-term debt
-€45,351
Contributions, distributions and other
-€500,000
Cash 2024
€17,902
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,528,352 | €5,576,299 | +€47,947 | +0.9% |
| Formation expenses | 20 | €20,216 | €15,884 | -€4,332 | -21.4% |
| Fixed assets | 21/28 | €5,206,027 | €5,063,202 | -€142,825 | -2.7% |
| Tangible fixed assets | 22/27 | €9,916 | €5,980 | -€3,936 | -39.7% |
| Furniture and vehicles | 24 | €9,916 | €5,980 | -€3,936 | -39.7% |
| Financial fixed assets | 28 | €5,196,111 | €5,057,222 | -€138,889 | -2.7% |
| Affiliated companies | 280/1 | €4,085,000 | €4,085,000 | = | 0.0% |
| Participating interests | 280 | €4,085,000 | €4,085,000 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €1,111,111 | €972,222 | -€138,889 | -12.5% |
| Amounts receivable | 283 | €1,111,111 | €972,222 | -€138,889 | -12.5% |
| Current assets | 29/58 | €302,109 | €497,213 | +€195,104 | +64.6% |
| Amounts receivable within one year | 40/41 | €279,635 | €479,311 | +€199,676 | +71.4% |
| Trade receivables | 40 | €37,260 | €140,820 | +€103,560 | +278% |
| Other amounts receivable | 41 | €242,375 | €338,491 | +€96,116 | +39.7% |
| Cash at bank and in hand | 54/58 | €21,710 | €17,902 | -€3,808 | -17.5% |
| Deferred charges and accrued income | 490/1 | €764 | - | -€764 | |
| Total equity and liabilities | 10/49 | €5,528,352 | €5,576,299 | +€47,947 | +0.9% |
| Equity | 10/15 | €3,225,312 | €2,974,721 | -€250,591 | -7.8% |
| Contributions | 10/11 | €1,125,000 | €1,125,000 | = | 0.0% |
| Capital | 10 | €1,125,000 | €1,125,000 | = | 0.0% |
| Issued capital | 100 | €1,125,000 | €1,125,000 | = | 0.0% |
| Reserves | 13 | €612,500 | €612,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €112,500 | €112,500 | = | 0.0% |
| Legal reserve | 130 | €112,500 | €112,500 | = | 0.0% |
| Distributable reserves | 133 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,487,812 | €1,237,221 | -€250,591 | -16.8% |
| Amounts payable | 17/49 | €2,303,040 | €2,601,578 | +€298,538 | +13.0% |
| Amounts payable after more than one year | 17 | €1,116,691 | €974,288 | -€142,403 | -12.8% |
| Financial debts | 170/4 | €1,116,691 | €974,288 | -€142,403 | -12.8% |
| Subordinated loans | 170 | €1,111,111 | €972,222 | -€138,889 | -12.5% |
| Credit institutions | 173 | €5,580 | €2,066 | -€3,514 | -63.0% |
| Amounts payable within one year | 42/48 | €1,186,349 | €1,627,290 | +€440,941 | +37.2% |
| Current portion of amounts payable after more than one year | 42 | €176,179 | €130,828 | -€45,351 | -25.7% |
| Trade debts | 44 | €675,692 | €803,786 | +€128,094 | +19.0% |
| Suppliers | 440/4 | €675,692 | €803,786 | +€128,094 | +19.0% |
| Taxes, remuneration and social security | 45 | €225,653 | €182,066 | -€43,587 | -19.3% |
| Taxes | 450/3 | €63,519 | €5,917 | -€57,602 | -90.7% |
| Remuneration and social security | 454/9 | €162,134 | €176,149 | +€14,015 | +8.6% |
| Other amounts payable | 47/48 | €108,825 | €510,610 | +€401,785 | +369% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €1,855,288 | €1,949,772 | +€94,484 | +5.1% |
| Turnover | 70 | €1,824,000 | €1,924,000 | +€100,000 | +5.5% |
| Other operating income | 74 | €31,288 | €25,772 | -€5,516 | -17.6% |
| Operating charges | 60/66A | €1,642,643 | €1,677,734 | +€35,091 | +2.1% |
| Services and other goods | 61 | €286,319 | €595,043 | +€308,724 | +108% |
| Remuneration, social security and pensions | 62 | €1,363,975 | €1,063,185 | -€300,790 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,992 | €8,268 | -€724 | -8.1% |
| Other operating charges | 640/8 | €5,017 | €11,228 | +€6,211 | +124% |
| Operating charges capitalised as restructuring costs | 649 | -€21,660 | - | +€21,660 | |
| Non-recurring operating charges | 66A | €0 | €10 | +€10 | |
| Operating profit (loss) | 9901 | €212,645 | €272,038 | +€59,393 | +27.9% |
| Financial income | 75/76B | - | €44,009 | +€44,009 | |
| Recurring financial income | 75 | - | €44,009 | +€44,009 | |
| Other financial income | 752/9 | - | €44,009 | +€44,009 | |
| Financial charges | 65/66B | €58,735 | €62,428 | +€3,693 | +6.3% |
| Recurring financial charges | 65 | €58,735 | €62,428 | +€3,693 | +6.3% |
| Debt charges | 650 | €48,775 | €46,446 | -€2,329 | -4.8% |
| Other financial charges | 652/9 | €9,960 | €15,982 | +€6,022 | +60.5% |
| Profit (loss) for the period before taxes | 9903 | €153,910 | €253,619 | +€99,709 | +64.8% |
| Income taxes | 67/77 | -€562 | €4,210 | +€4,772 | |
| Taxes | 670/3 | - | €4,210 | +€4,210 | |
| Tax adjustments and reversals of tax provisions | 77 | €562 | - | -€562 | |
| Profit (loss) for the period | 9904 | €154,472 | €249,409 | +€94,937 | +61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €154,472 | €249,409 | +€94,937 | +61.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.