LEPIECE & PARTNERS: 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.
LEPIECE & PARTNERS
Largest movements
- Receivables within one year +€92,940
up €92,940 (+273%), from €34,039 to €126,979
of which Other amounts receivable: +€102,977
- Current investments -€90,000
no longer reported in 2025 (was €90,000)
- Cash -€2,841
down €2,841 (-21.1%), from €13,490 to €10,649
mainly Receivables within one year (-€92,940) and Other debts (-€10,645)
- Reserves +€19,433
up €19,433 (+16.1%), from €120,931 to €140,364
- Other debts -€10,645
down €10,645 (-92.7%), from €11,478 to €833
- Tax, wage and social debts -€8,585
down €8,585 (-93.9%), from €9,138 to €553
- Gross operating margin -€6,537
down €6,537 (-16.1%), from €40,484 to €33,946
- Financial income +€2,457
up €2,457 (+5,098%), from €48 to €2,506
- Other operating charges -€1,774
down €1,774 (-33.6%), from €5,271 to €3,497
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 | €142,922 | €142,930 | +€7 | 0.0% |
| Fixed assets | 21/28 | €1,892 | €1,659 | -€233 | -12.3% |
| Tangible fixed assets | 22/27 | €1,892 | €1,659 | -€233 | -12.3% |
| Other tangible fixed assets | 26 | €1,892 | €1,659 | -€233 | -12.3% |
| Current assets | 29/58 | €141,030 | €141,270 | +€240 | +0.2% |
| Amounts receivable within one year | 40/41 | €34,039 | €126,979 | +€92,940 | +273% |
| Trade receivables | 40 | €32,171 | €22,135 | -€10,036 | -31.2% |
| Other amounts receivable | 41 | €1,868 | €104,844 | +€102,977 | +5,513% |
| Current investments | 50/53 | €90,000 | - | -€90,000 | |
| Cash at bank and in hand | 54/58 | €13,490 | €10,649 | -€2,841 | -21.1% |
| Deferred charges and accrued income | 490/1 | €3,502 | €3,642 | +€140 | +4.0% |
| Total equity and liabilities | 10/49 | €142,922 | €142,930 | +€7 | 0.0% |
| Equity | 10/15 | €121,931 | €141,364 | +€19,433 | +15.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €120,931 | €140,364 | +€19,433 | +16.1% |
| Distributable reserves | 133 | €120,931 | €140,364 | +€19,433 | +16.1% |
| Amounts payable | 17/49 | €20,992 | €1,566 | -€19,426 | -92.5% |
| Amounts payable within one year | 42/48 | €20,987 | €1,566 | -€19,422 | -92.5% |
| Trade debts | 44 | €372 | €180 | -€192 | -51.6% |
| Suppliers | 440/4 | €372 | €180 | -€192 | -51.6% |
| Taxes, remuneration and social security | 45 | €9,138 | €553 | -€8,585 | -93.9% |
| Taxes | 450/3 | €9,138 | €553 | -€8,585 | -93.9% |
| Other amounts payable | 47/48 | €11,478 | €833 | -€10,645 | -92.7% |
| Accrued charges and deferred income | 492/3 | €4 | - | -€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233 | €233 | = | 0.0% |
| Other operating charges | 640/8 | €5,271 | €3,497 | -€1,774 | -33.6% |
| Gross operating margin | 9900 | €40,484 | €33,946 | -€6,537 | -16.1% |
| Operating profit (loss) | 9901 | €34,980 | €30,216 | -€4,764 | -13.6% |
| Financial income | 75/76B | €48 | €2,506 | +€2,457 | +5,098% |
| Recurring financial income | 75 | €48 | €2,506 | +€2,457 | +5,098% |
| Financial charges | 65/66B | €2,523 | €2,328 | -€195 | -7.7% |
| Recurring financial charges | 65 | €2,523 | €2,328 | -€195 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €32,505 | €30,393 | -€2,112 | -6.5% |
| Income taxes | 67/77 | €10,521 | €10,127 | -€393 | -3.7% |
| Profit (loss) for the period | 9904 | €21,984 | €20,266 | -€1,718 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,984 | €20,266 | -€1,718 | -7.8% |
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 29 October 2026 via checked.be.