LPCM: 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.
LPCM
Largest movements
- Tangible fixed assets +€211,707
new in 2025: €211,707
of which Land and buildings: +€199,479
- Receivables within one year +€38,803
up €38,803 (+326.2%), from €11,895 to €50,698
of which Other amounts receivable: +€40,361
- Cash -€19,729
down €19,729 (-48.0%), from €41,134 to €21,405
mainly Investment in fixed assets (net) (-€211,817) and Receivables within one year (-€38,803)
- Debts after one year +€174,026
new in 2025: €174,026
- Current portion of long-term debt +€47,419
new in 2025: €47,419
- Trade debts +€12,223
up €12,223 (+671.6%), from €1,820 to €14,043
- Other debts +€5,500
new in 2025: €5,500
- Tax, wage and social debts -€5,004
down €5,004 (-32.9%), from €15,220 to €10,215
- Gross operating margin -€40,260
down €40,260 (-93.3%), from €43,130 to €2,871
- Taxes -€7,148
down €7,148 (-82.3%), from €8,682 to €1,534
- Financial charges +€1,838
up €1,838 (+399.4%), from €460 to €2,298
- Other operating charges +€440
new in 2025: €440
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 | €53,029 | €285,683 | +€232,654 | +438.7% |
| Fixed assets | 21/28 | - | €211,707 | +€211,707 | |
| Tangible fixed assets | 22/27 | - | €211,707 | +€211,707 | |
| Land and buildings | 22 | - | €199,479 | +€199,479 | |
| Furniture and vehicles | 24 | - | €12,228 | +€12,228 | |
| Current assets | 29/58 | €53,029 | €73,976 | +€20,947 | +39.5% |
| Amounts receivable within one year | 40/41 | €11,895 | €50,698 | +€38,803 | +326.2% |
| Trade receivables | 40 | €11,854 | €10,295 | -€1,559 | -13.1% |
| Other amounts receivable | 41 | €41 | €40,402 | +€40,361 | +98731.4% |
| Cash at bank and in hand | 54/58 | €41,134 | €21,405 | -€19,729 | -48.0% |
| Deferred charges and accrued income | 490/1 | - | €1,873 | +€1,873 | |
| Total equity and liabilities | 10/49 | €53,029 | €285,683 | +€232,654 | +438.7% |
| Equity | 10/15 | €35,989 | €34,480 | -€1,510 | -4.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,989 | €32,480 | -€1,510 | -4.4% |
| Amounts payable | 17/49 | €17,040 | €251,203 | +€234,164 | +1374.2% |
| Amounts payable after more than one year | 17 | - | €174,026 | +€174,026 | |
| Financial debts | 170/4 | - | €174,026 | +€174,026 | |
| Amounts payable within one year | 42/48 | €17,040 | €77,177 | +€60,137 | +352.9% |
| Current portion of amounts payable after more than one year | 42 | - | €47,419 | +€47,419 | |
| Trade debts | 44 | €1,820 | €14,043 | +€12,223 | +671.6% |
| Suppliers | 440/4 | €1,820 | €14,043 | +€12,223 | +671.6% |
| Taxes, remuneration and social security | 45 | €15,220 | €10,215 | -€5,004 | -32.9% |
| Taxes | 450/3 | €15,220 | €10,215 | -€5,004 | -32.9% |
| Other amounts payable | 47/48 | - | €5,500 | +€5,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €110 | +€110 | |
| Other operating charges | 640/8 | - | €440 | +€440 | |
| Gross operating margin | 9900 | €43,130 | €2,871 | -€40,260 | -93.3% |
| Operating profit (loss) | 9901 | €43,130 | €2,320 | -€40,810 | -94.6% |
| Financial income | 75/76B | €1 | €1 | -€0 | -0.8% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -0.8% |
| Financial charges | 65/66B | €460 | €2,298 | +€1,838 | +399.4% |
| Recurring financial charges | 65 | €460 | €2,298 | +€1,838 | +399.4% |
| Profit (loss) for the period before taxes | 9903 | €42,671 | €24 | -€42,647 | -99.9% |
| Income taxes | 67/77 | €8,682 | €1,534 | -€7,148 | -82.3% |
| Profit (loss) for the period | 9904 | €33,989 | -€1,510 | -€35,499 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,989 | -€1,510 | -€35,499 |
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 4 October 2026 via checked.be.