LP-1: 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.
LP-1
Largest movements
- Tangible fixed assets +€229,430
up €229,430 (+8.3%), from €2.8m to €3.0m
- Receivables within one year +€123,035
up €123,035 (+241.8%), from €50,886 to €173,921
of which Trade receivables: +€62,514
- Other debts +€530,118
up €530,118 (+17.1%), from €3.1m to €3.6m
- Profit (loss) carried forward -€428,649
down €428,649 (-84.5%), from -€507,547 to -€936,197
- Trade debts +€228,998
up €228,998 (+211.1%), from €108,499 to €337,497
- Depreciation +€46,577
up €46,577 (+26.1%), from €178,212 to €224,789
- Financial charges +€17,406
up €17,406 (+20.3%), from €85,609 to €103,015
- Gross operating margin -€8,478
down €8,478 (-11.4%), from -€74,585 to -€83,064
- Other operating charges +€1,369
up €1,369 (+8.3%), from €16,412 to €17,782
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 | €2,844,618 | €3,192,374 | +€347,756 | +12.2% |
| Fixed assets | 21/28 | €2,778,635 | €3,008,065 | +€229,430 | +8.3% |
| Tangible fixed assets | 22/27 | €2,778,635 | €3,008,065 | +€229,430 | +8.3% |
| Land and buildings | 22 | €2,778,635 | €3,008,065 | +€229,430 | +8.3% |
| Current assets | 29/58 | €65,983 | €184,309 | +€118,326 | +179.3% |
| Amounts receivable within one year | 40/41 | €50,886 | €173,921 | +€123,035 | +241.8% |
| Trade receivables | 40 | €877 | €63,391 | +€62,514 | +7124.9% |
| Other amounts receivable | 41 | €50,008 | €110,529 | +€60,521 | +121.0% |
| Cash at bank and in hand | 54/58 | €15,098 | €10,388 | -€4,709 | -31.2% |
| Total equity and liabilities | 10/49 | €2,844,618 | €3,192,374 | +€347,756 | +12.2% |
| Equity | 10/15 | -€446,047 | -€874,697 | -€428,649 | -96.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€507,547 | -€936,197 | -€428,649 | -84.5% |
| Amounts payable | 17/49 | €3,290,666 | €4,067,070 | +€776,405 | +23.6% |
| Amounts payable within one year | 42/48 | €3,205,548 | €3,964,663 | +€759,116 | +23.7% |
| Trade debts | 44 | €108,499 | €337,497 | +€228,998 | +211.1% |
| Suppliers | 440/4 | €108,499 | €337,497 | +€228,998 | +211.1% |
| Other amounts payable | 47/48 | €3,097,049 | €3,627,167 | +€530,118 | +17.1% |
| Accrued charges and deferred income | 492/3 | €85,118 | €102,407 | +€17,289 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,212 | €224,789 | +€46,577 | +26.1% |
| Other operating charges | 640/8 | €16,412 | €17,782 | +€1,369 | +8.3% |
| Gross operating margin | 9900 | -€74,585 | -€83,064 | -€8,478 | -11.4% |
| Operating profit (loss) | 9901 | -€269,210 | -€325,634 | -€56,424 | -21.0% |
| Financial charges | 65/66B | €85,609 | €103,015 | +€17,406 | +20.3% |
| Recurring financial charges | 65 | €85,609 | €103,015 | +€17,406 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | -€354,819 | -€428,649 | -€73,830 | -20.8% |
| Profit (loss) for the period | 9904 | -€354,819 | -€428,649 | -€73,830 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€354,819 | -€428,649 | -€73,830 | -20.8% |
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.