LEPAS FINANCE: 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.
LEPAS FINANCE
Largest movements
- Tangible fixed assets -€12,662
down €12,662 (-29.5%), from €42,859 to €30,197
of which Furniture and vehicles: -€8,252
- Receivables within one year +€11,363
up €11,363 (+7.1%), from €159,460 to €170,824
of which Other amounts receivable: +€17,412
- Reserves +€13,795
up €13,795 (+8.2%), from €167,453 to €181,248
of which Distributable reserves: +€13,795
- Trade debts -€9,420
down €9,420 (-82.2%), from €11,462 to €2,043
- Tax, wage and social debts -€4,499
down €4,499 (-53.6%), from €8,388 to €3,889
of which Taxes: -€4,641
- Gross operating margin +€8,007
up €8,007 (+14.0%), from €57,132 to €65,138
- Staff costs -€3,489
down €3,489 (-10.4%), from €33,541 to €30,051
- Depreciation -€3,271
down €3,271 (-17.4%), from €18,819 to €15,549
- Taxes +€1,636
up €1,636 (+35.1%), from €4,666 to €6,302
- Financial charges +€1,377
up €1,377 (+346%), from €398 to €1,775
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.
Derived cash bridge
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 | €206,684 | €206,036 | -€648 | -0.3% |
| Fixed assets | 21/28 | €43,383 | €30,197 | -€13,186 | -30.4% |
| Tangible fixed assets | 22/27 | €42,859 | €30,197 | -€12,662 | -29.5% |
| Plant, machinery and equipment | 23 | €1,938 | €1,329 | -€609 | -31.4% |
| Furniture and vehicles | 24 | €31,235 | €22,983 | -€8,252 | -26.4% |
| Other tangible fixed assets | 26 | €9,687 | €5,885 | -€3,801 | -39.2% |
| Financial fixed assets | 28 | €524 | - | -€524 | |
| Current assets | 29/58 | €163,301 | €175,839 | +€12,539 | +7.7% |
| Amounts receivable within one year | 40/41 | €159,460 | €170,824 | +€11,363 | +7.1% |
| Trade receivables | 40 | €6,048 | - | -€6,048 | |
| Other amounts receivable | 41 | €153,412 | €170,824 | +€17,412 | +11.3% |
| Cash at bank and in hand | 54/58 | €779 | €2,135 | +€1,356 | +174% |
| Deferred charges and accrued income | 490/1 | €3,062 | €2,881 | -€181 | -5.9% |
| Total equity and liabilities | 10/49 | €206,684 | €206,036 | -€648 | -0.3% |
| Equity | 10/15 | €186,053 | €199,848 | +€13,795 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €167,453 | €181,248 | +€13,795 | +8.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,000 | €45,000 | = | 0.0% |
| Distributable reserves | 133 | €120,593 | €134,388 | +€13,795 | +11.4% |
| Amounts payable | 17/49 | €20,631 | €6,188 | -€14,443 | -70.0% |
| Amounts payable within one year | 42/48 | €20,631 | €6,188 | -€14,443 | -70.0% |
| Current portion of amounts payable after more than one year | 42 | €780 | €256 | -€524 | -67.2% |
| Trade debts | 44 | €11,462 | €2,043 | -€9,420 | -82.2% |
| Suppliers | 440/4 | €11,462 | €2,043 | -€9,420 | -82.2% |
| Taxes, remuneration and social security | 45 | €8,388 | €3,889 | -€4,499 | -53.6% |
| Taxes | 450/3 | €4,641 | - | -€4,641 | |
| Remuneration and social security | 454/9 | €3,748 | €3,889 | +€141 | +3.8% |
| Remuneration, social security and pensions | 62 | €33,541 | €30,051 | -€3,489 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,819 | €15,549 | -€3,271 | -17.4% |
| Other operating charges | 640/8 | €1,684 | €2,408 | +€725 | +43.0% |
| Gross operating margin | 9900 | €57,132 | €65,138 | +€8,007 | +14.0% |
| Operating profit (loss) | 9901 | €3,088 | €17,130 | +€14,042 | +455% |
| Financial income | 75/76B | €3,626 | €4,743 | +€1,117 | +30.8% |
| Recurring financial income | 75 | €3,626 | €4,743 | +€1,117 | +30.8% |
| Financial charges | 65/66B | €398 | €1,775 | +€1,377 | +346% |
| Recurring financial charges | 65 | €398 | €1,775 | +€1,377 | +346% |
| Profit (loss) for the period before taxes | 9903 | €6,315 | €20,097 | +€13,782 | +218% |
| Income taxes | 67/77 | €4,666 | €6,302 | +€1,636 | +35.1% |
| Profit (loss) for the period | 9904 | €1,649 | €13,795 | +€12,146 | +736% |
| Profit (loss) for the period to be appropriated | 9905 | €1,649 | €13,795 | +€12,146 | +736% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.