LEPAGE GUY: 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 GUY
Largest movements
- Stocks and contracts +€610,320
up €610,320 (+137%), from €445,973 to €1.1m
- Cash +€99,858
up €99,858 (+598%), from €16,697 to €116,555
mainly Accrued charges and deferred income (+€786,460) and Receivables within one year (+€53,965)
- Receivables within one year -€53,965
down €53,965 (-23.2%), from €232,366 to €178,401
of which Other amounts receivable: -€53,354
- Tangible fixed assets -€31,501
down €31,501 (-18.8%), from €167,298 to €135,796
of which Plant, machinery and equipment: -€20,044
- Accrued charges and deferred income +€786,460
new in 2024: €786,460
- Short-term financial debts -€125,000
down €125,000 (-25.0%), from €500,000 to €375,000
- Profit (loss) carried forward -€24,162
down €24,162 (-79.4%), from €30,444 to €6,282
- Financial charges +€25,168
up €25,168 (+115%), from €21,829 to €46,997
- Gross operating margin -€23,823
down €23,823 (-33.5%), from €71,089 to €47,265
- Financial income +€4,532
up €4,532 (+136%), from €3,331 to €7,862
- Taxes -€1,644
down €1,644 (-89.8%), from €1,830 to €186
- Other operating charges -€1,426
down €1,426 (-70.2%), from €2,031 to €605
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €863,568 | €1,488,170 | +€624,602 | +72.3% |
| Fixed assets | 21/28 | €167,548 | €136,046 | -€31,501 | -18.8% |
| Tangible fixed assets | 22/27 | €167,298 | €135,796 | -€31,501 | -18.8% |
| Plant, machinery and equipment | 23 | €116,153 | €96,110 | -€20,044 | -17.3% |
| Furniture and vehicles | 24 | €51,144 | €39,687 | -€11,458 | -22.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €696,020 | €1,352,124 | +€656,103 | +94.3% |
| Stocks and contracts in progress | 3 | €445,973 | €1,056,293 | +€610,320 | +137% |
| Stocks | 30/36 | €445,973 | €1,056,293 | +€610,320 | +137% |
| Amounts receivable within one year | 40/41 | €232,366 | €178,401 | -€53,965 | -23.2% |
| Trade receivables | 40 | €63,850 | €63,239 | -€611 | -1.0% |
| Other amounts receivable | 41 | €168,516 | €115,162 | -€53,354 | -31.7% |
| Cash at bank and in hand | 54/58 | €16,697 | €116,555 | +€99,858 | +598% |
| Deferred charges and accrued income | 490/1 | €984 | €875 | -€110 | -11.1% |
| Total equity and liabilities | 10/49 | €863,568 | €1,488,170 | +€624,602 | +72.3% |
| Equity | 10/15 | €70,500 | €46,338 | -€24,162 | -34.3% |
| Contributions | 10/11 | €12,486 | €12,486 | = | 0.0% |
| Reserves | 13 | €27,571 | €27,571 | = | 0.0% |
| Distributable reserves | 133 | €27,571 | €27,571 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,444 | €6,282 | -€24,162 | -79.4% |
| Amounts payable | 17/49 | €793,068 | €1,441,832 | +€648,764 | +81.8% |
| Amounts payable after more than one year | 17 | €37,169 | €27,474 | -€9,695 | -26.1% |
| Financial debts | 170/4 | €37,169 | €27,474 | -€9,695 | -26.1% |
| Amounts payable within one year | 42/48 | €755,899 | €627,897 | -€128,001 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €12,139 | €11,239 | -€900 | -7.4% |
| Financial debts | 43 | €500,000 | €375,000 | -€125,000 | -25.0% |
| Credit institutions | 430/8 | €500,000 | €375,000 | -€125,000 | -25.0% |
| Trade debts | 44 | €239,861 | €237,500 | -€2,361 | -1.0% |
| Suppliers | 440/4 | €239,861 | €237,500 | -€2,361 | -1.0% |
| Taxes, remuneration and social security | 45 | €3,898 | €4,158 | +€260 | +6.7% |
| Taxes | 450/3 | €3,898 | €4,158 | +€260 | +6.7% |
| Accrued charges and deferred income | 492/3 | - | €786,460 | +€786,460 | |
| Non-recurring operating income | 76A | €18,946 | - | -€18,946 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,690 | €31,501 | +€811 | +2.6% |
| Other operating charges | 640/8 | €2,031 | €605 | -€1,426 | -70.2% |
| Non-recurring operating charges | 66A | €700 | - | -€700 | |
| Gross operating margin | 9900 | €71,089 | €47,265 | -€23,823 | -33.5% |
| Operating profit (loss) | 9901 | €37,667 | €15,159 | -€22,508 | -59.8% |
| Financial income | 75/76B | €3,331 | €7,862 | +€4,532 | +136% |
| Recurring financial income | 75 | €3,331 | €7,862 | +€4,532 | +136% |
| Financial charges | 65/66B | €21,829 | €46,997 | +€25,168 | +115% |
| Recurring financial charges | 65 | €21,829 | €46,997 | +€25,168 | +115% |
| Profit (loss) for the period before taxes | 9903 | €19,169 | -€23,976 | -€43,145 | |
| Income taxes | 67/77 | €1,830 | €186 | -€1,644 | -89.8% |
| Profit (loss) for the period | 9904 | €17,339 | -€24,162 | -€41,501 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,339 | -€24,162 | -€41,501 |
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.