Lepel: 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.
Lepel
Largest movements
- Cash +€14,622
up €14,622 (+22.8%), from €64,192 to €78,814
mainly Net result for the year (+€41,682) and Depreciation (+€10,492)
- Tangible fixed assets -€5,302
down €5,302 (-9.5%), from €55,800 to €50,498
of which Leasing and similar rights: -€8,329
- Reserves +€41,682
up €41,682 (+58.5%), from €71,271 to €112,953
- Other debts -€19,191
down €19,191 (-97.6%), from €19,654 to €463
- Debts after one year -€11,276
down €11,276 (-58.4%), from €19,301 to €8,026
- Tax, wage and social debts -€3,739
down €3,739 (-32.2%), from €11,622 to €7,884
- Accrued charges and deferred income +€2,274
up €2,274 (+3,720%), from €61 to €2,335
- Gross operating margin -€16,201
down €16,201 (-18.7%), from €86,451 to €70,250
- Taxes -€2,614
down €2,614 (-17.2%), from €15,174 to €12,560
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 | €135,404 | €146,386 | +€10,982 | +8.1% |
| Fixed assets | 21/28 | €55,800 | €50,498 | -€5,302 | -9.5% |
| Tangible fixed assets | 22/27 | €55,800 | €50,498 | -€5,302 | -9.5% |
| Plant, machinery and equipment | 23 | - | €1,007 | +€1,007 | |
| Leasing and similar rights | 25 | €39,686 | €31,357 | -€8,329 | -21.0% |
| Other tangible fixed assets | 26 | €16,114 | €18,135 | +€2,021 | +12.5% |
| Current assets | 29/58 | €79,603 | €95,887 | +€16,284 | +20.5% |
| Amounts receivable within one year | 40/41 | €13,592 | €15,042 | +€1,450 | +10.7% |
| Trade receivables | 40 | €13,552 | €14,475 | +€923 | +6.8% |
| Other amounts receivable | 41 | €40 | €567 | +€527 | +1,321% |
| Cash at bank and in hand | 54/58 | €64,192 | €78,814 | +€14,622 | +22.8% |
| Deferred charges and accrued income | 490/1 | €1,820 | €2,032 | +€212 | +11.7% |
| Total equity and liabilities | 10/49 | €135,404 | €146,386 | +€10,982 | +8.1% |
| Equity | 10/15 | €74,271 | €115,953 | +€41,682 | +56.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €71,271 | €112,953 | +€41,682 | +58.5% |
| Distributable reserves | 133 | €71,271 | €112,953 | +€41,682 | +58.5% |
| Amounts payable | 17/49 | €61,132 | €30,432 | -€30,700 | -50.2% |
| Amounts payable after more than one year | 17 | €19,301 | €8,026 | -€11,276 | -58.4% |
| Financial debts | 170/4 | €19,301 | €8,026 | -€11,276 | -58.4% |
| Amounts payable within one year | 42/48 | €41,770 | €20,071 | -€21,699 | -51.9% |
| Current portion of amounts payable after more than one year | 42 | €10,422 | €11,276 | +€854 | +8.2% |
| Trade debts | 44 | €72 | €449 | +€377 | +524% |
| Suppliers | 440/4 | €72 | €449 | +€377 | +524% |
| Taxes, remuneration and social security | 45 | €11,622 | €7,884 | -€3,739 | -32.2% |
| Taxes | 450/3 | €11,622 | €7,884 | -€3,739 | -32.2% |
| Other amounts payable | 47/48 | €19,654 | €463 | -€19,191 | -97.6% |
| Accrued charges and deferred income | 492/3 | €61 | €2,335 | +€2,274 | +3,720% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,790 | €10,492 | +€702 | +7.2% |
| Other operating charges | 640/8 | €1,369 | €1,570 | +€201 | +14.7% |
| Gross operating margin | 9900 | €86,451 | €70,250 | -€16,201 | -18.7% |
| Operating profit (loss) | 9901 | €75,292 | €58,189 | -€17,103 | -22.7% |
| Financial income | 75/76B | €0 | €6 | +€6 | +1,968% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +1,968% |
| Financial charges | 65/66B | €3,897 | €3,952 | +€55 | +1.4% |
| Recurring financial charges | 65 | €3,897 | €3,952 | +€55 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €71,395 | €54,243 | -€17,153 | -24.0% |
| Income taxes | 67/77 | €15,174 | €12,560 | -€2,614 | -17.2% |
| Profit (loss) for the period | 9904 | €56,221 | €41,682 | -€14,539 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,221 | €41,682 | -€14,539 | -25.9% |
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 18 October 2026 via checked.be.