LEPANTO OUALD: what changed
LEPANTO OUALD
Largest movements
- Cash -€14,235
down €14,235 (-98.7%), from €14,421 to €186
- Receivables within one year +€5,103
up €5,103 (+84.8%), from €6,019 to €11,122
of which Other amounts receivable: +€6,103
- Tangible fixed assets -€3,669
down €3,669 (-5.5%), from €66,860 to €63,191
- Deferred charges and accrued income -€3,308
down €3,308 (-74.8%), from €4,424 to €1,116
- Debts after one year -€11,137
down €11,137 (-30.2%), from €36,914 to €25,777
- Trade debts -€10,200
down €10,200 (-93.0%), from €10,965 to €765
- Profit (loss) carried forward +€6,694
up €6,694 (+34.2%), from €19,598 to €26,292
- Other debts -€5,000
no longer reported in 2025 (was €5,000)
- Tax, wage and social debts +€2,905
up €2,905 (+42.7%), from €6,801 to €9,705
of which Taxes: +€2,025
- Staff costs -€12,546
down €12,546 (-99.2%), from €12,647 to €100
- Depreciation -€8,816
down €8,816 (-73.6%), from €11,985 to €3,169
- Taxes +€3,678
up €3,678 (+460%), from €800 to €4,478
- Gross operating margin -€1,866
down €1,866 (-5.9%), from €31,621 to €29,755
- Other operating charges -€1,118
down €1,118 (-48.1%), from €2,322 to €1,204
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,779 | €75,669 | -€16,110 | -17.6% |
| Fixed assets | 21/28 | €66,915 | €63,246 | -€3,669 | -5.5% |
| Tangible fixed assets | 22/27 | €66,860 | €63,191 | -€3,669 | -5.5% |
| Furniture and vehicles | 24 | €66,860 | €63,191 | -€3,669 | -5.5% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €24,864 | €12,424 | -€12,440 | -50.0% |
| Amounts receivable within one year | 40/41 | €6,019 | €11,122 | +€5,103 | +84.8% |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €5,019 | €11,122 | +€6,103 | +122% |
| Cash at bank and in hand | 54/58 | €14,421 | €186 | -€14,235 | -98.7% |
| Deferred charges and accrued income | 490/1 | €4,424 | €1,116 | -€3,308 | -74.8% |
| Total equity and liabilities | 10/49 | €91,779 | €75,669 | -€16,110 | -17.6% |
| Equity | 10/15 | €27,598 | €34,292 | +€6,694 | +24.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,800 | €1,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Legal reserve | 130 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,598 | €26,292 | +€6,694 | +34.2% |
| Amounts payable | 17/49 | €64,181 | €41,377 | -€22,803 | -35.5% |
| Amounts payable after more than one year | 17 | €36,914 | €25,777 | -€11,137 | -30.2% |
| Financial debts | 170/4 | €36,914 | €25,777 | -€11,137 | -30.2% |
| Amounts payable within one year | 42/48 | €27,266 | €15,600 | -€11,666 | -42.8% |
| Current portion of amounts payable after more than one year | 42 | €4,501 | €5,130 | +€629 | +14.0% |
| Trade debts | 44 | €10,965 | €765 | -€10,200 | -93.0% |
| Suppliers | 440/4 | €10,965 | €765 | -€10,200 | -93.0% |
| Taxes, remuneration and social security | 45 | €6,801 | €9,705 | +€2,905 | +42.7% |
| Taxes | 450/3 | €4,343 | €6,369 | +€2,025 | +46.6% |
| Remuneration and social security | 454/9 | €2,457 | €3,337 | +€879 | +35.8% |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €12,647 | €100 | -€12,546 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,985 | €3,169 | -€8,816 | -73.6% |
| Other operating charges | 640/8 | €2,322 | €1,204 | -€1,118 | -48.1% |
| Gross operating margin | 9900 | €31,621 | €29,755 | -€1,866 | -5.9% |
| Operating profit (loss) | 9901 | €4,667 | €25,282 | +€20,615 | +442% |
| Financial charges | 65/66B | €1,189 | €2,205 | +€1,016 | +85.4% |
| Recurring financial charges | 65 | €1,189 | €2,205 | +€1,016 | +85.4% |
| Profit (loss) for the period before taxes | 9903 | €3,478 | €23,077 | +€19,599 | +564% |
| Income taxes | 67/77 | €800 | €4,478 | +€3,678 | +460% |
| Profit (loss) for the period | 9904 | €2,678 | €18,599 | +€15,921 | +594% |
| Profit (loss) for the period to be appropriated | 9905 | €2,678 | €18,599 | +€15,921 | +594% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.