LEPKENS: 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.
LEPKENS
Largest movements
- Receivables after one year +€125,000
new in 2025: €125,000
- Cash -€113,929
down €113,929 (-21.8%), from €523,644 to €409,715
mainly Receivables after one year (-€125,000) and Current investments (-€76,724)
- Current investments +€76,724
up €76,724 (+8.3%), from €919,873 to €996,597
- Financial fixed assets -€44,457
down €44,457 (-3.3%), from €1.4m to €1.3m
- Profit (loss) carried forward +€56,169
up €56,169 (+71.2%), from -€78,920 to -€22,751
- Financial charges -€85,806
down €85,806 (-99.7%), from €86,087 to €281
- Financial income +€76,812
up €76,812 (+149.3%), from €51,435 to €128,247
- Taxes +€32,542
up €32,542, from -€10 to €32,532
- Gross operating margin +€5,393
up €5,393 (+12.5%), from -€43,188 to -€37,795
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 | €2,858,093 | €2,923,582 | +€65,490 | +2.3% |
| Fixed assets | 21/28 | €1,365,698 | €1,337,203 | -€28,495 | -2.1% |
| Tangible fixed assets | 22/27 | - | €15,962 | +€15,962 | |
| Furniture and vehicles | 24 | - | €15,962 | +€15,962 | |
| Financial fixed assets | 28 | €1,365,698 | €1,321,241 | -€44,457 | -3.3% |
| Current assets | 29/58 | €1,492,395 | €1,586,379 | +€93,984 | +6.3% |
| Amounts receivable after more than one year | 29 | - | €125,000 | +€125,000 | |
| Other amounts receivable | 291 | - | €125,000 | +€125,000 | |
| Amounts receivable within one year | 40/41 | €48,775 | €54,605 | +€5,830 | +12.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €48,775 | €54,605 | +€5,830 | +12.0% |
| Current investments | 50/53 | €919,873 | €996,597 | +€76,724 | +8.3% |
| Cash at bank and in hand | 54/58 | €523,644 | €409,715 | -€113,929 | -21.8% |
| Deferred charges and accrued income | 490/1 | €102 | €463 | +€360 | +351.9% |
| Total equity and liabilities | 10/49 | €2,858,093 | €2,923,582 | +€65,490 | +2.3% |
| Equity | 10/15 | €2,841,863 | €2,898,031 | +€56,169 | +2.0% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €920,783 | €920,783 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200,000 | €200,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200,000 | €200,000 | = | 0.0% |
| Distributable reserves | 133 | €720,783 | €720,783 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,920 | -€22,751 | +€56,169 | +71.2% |
| Amounts payable | 17/49 | €16,230 | €25,551 | +€9,321 | +57.4% |
| Amounts payable within one year | 42/48 | €16,230 | €25,551 | +€9,321 | +57.4% |
| Trade debts | 44 | €3,159 | €12,551 | +€9,392 | +297.4% |
| Suppliers | 440/4 | €3,159 | €12,551 | +€9,392 | +297.4% |
| Taxes, remuneration and social security | 45 | €1,000 | €1,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €12,071 | €12,000 | -€71 | -0.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €337 | +€337 | |
| Other operating charges | 640/8 | €1,090 | €1,132 | +€43 | +3.9% |
| Gross operating margin | 9900 | -€43,188 | -€37,795 | +€5,393 | +12.5% |
| Operating profit (loss) | 9901 | -€44,278 | -€39,265 | +€5,013 | +11.3% |
| Financial income | 75/76B | €51,435 | €128,247 | +€76,812 | +149.3% |
| Recurring financial income | 75 | €51,435 | €128,247 | +€76,812 | +149.3% |
| Financial charges | 65/66B | €86,087 | €281 | -€85,806 | -99.7% |
| Recurring financial charges | 65 | €86,087 | €281 | -€85,806 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | -€78,930 | €88,701 | +€167,631 | |
| Income taxes | 67/77 | -€10 | €32,532 | +€32,542 | |
| Profit (loss) for the period | 9904 | -€78,920 | €56,169 | +€135,089 | |
| Profit (loss) for the period to be appropriated | 9905 | -€78,920 | €56,169 | +€135,089 |
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 8 October 2026 via checked.be.