LEPIC: what changed
Two fiscal 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.
LEPIC
Largest movements
- Tangible fixed assets -€50,516
down €50,516 (-7.8%), from €650,632 to €600,116
- Cash +€23,287
up €23,287 (+206.1%), from €11,296 to €34,583
mainly Depreciation (+€59,560) and Deferred charges and accrued income (+€5,985)
- Debts after one year -€30,833
down €30,833 (-13.4%), from €230,714 to €199,881
- Gross operating margin +€5,242
up €5,242 (+7.7%), from €67,697 to €72,938
- Depreciation +€782
up €782 (+1.3%), from €58,778 to €59,560
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.
Cash bridge derived
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 | €667,913 | €634,699 | -€33,214 | -5.0% |
| Fixed assets | 21/28 | €650,632 | €600,116 | -€50,516 | -7.8% |
| Tangible fixed assets | 22/27 | €650,632 | €600,116 | -€50,516 | -7.8% |
| Land and buildings | 22 | €650,632 | €600,116 | -€50,516 | -7.8% |
| Current assets | 29/58 | €17,281 | €34,583 | +€17,302 | +100.1% |
| Cash at bank and in hand | 54/58 | €11,296 | €34,583 | +€23,287 | +206.1% |
| Deferred charges and accrued income | 490/1 | €5,985 | - | -€5,985 | |
| Total equity and liabilities | 10/49 | €667,913 | €634,699 | -€33,214 | -5.0% |
| Equity | 10/15 | €391,704 | €390,339 | -€1,365 | -0.3% |
| Contributions | 10/11 | €470,000 | €470,000 | = | 0.0% |
| Reserves | 13 | €1,427 | €1,427 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,427 | €1,427 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,427 | €1,427 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,723 | -€81,088 | -€1,365 | -1.7% |
| Amounts payable | 17/49 | €276,209 | €244,360 | -€31,849 | -11.5% |
| Amounts payable after more than one year | 17 | €230,714 | €199,881 | -€30,833 | -13.4% |
| Financial debts | 170/4 | €230,714 | €199,881 | -€30,833 | -13.4% |
| Amounts payable within one year | 42/48 | €45,000 | €43,164 | -€1,836 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €32,178 | €32,514 | +€336 | +1.0% |
| Trade debts | 44 | €682 | - | -€682 | |
| Suppliers | 440/4 | €682 | - | -€682 | |
| Other amounts payable | 47/48 | €12,140 | €10,650 | -€1,490 | -12.3% |
| Accrued charges and deferred income | 492/3 | €495 | €1,315 | +€820 | +165.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,778 | €59,560 | +€782 | +1.3% |
| Other operating charges | 640/8 | €13,233 | €12,574 | -€659 | -5.0% |
| Gross operating margin | 9900 | €67,697 | €72,938 | +€5,242 | +7.7% |
| Operating profit (loss) | 9901 | -€4,314 | €804 | +€5,119 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €2,543 | €2,176 | -€368 | -14.5% |
| Recurring financial charges | 65 | €2,543 | €2,176 | -€368 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,858 | -€1,365 | +€5,493 | +80.1% |
| Profit (loss) for the period | 9904 | -€6,858 | -€1,365 | +€5,493 | +80.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,858 | -€1,365 | +€5,493 | +80.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.