LPE - PROJECTS: 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.
LPE - PROJECTS
Largest movements
- Stocks and contracts +€319,486
up €319,486 (+80.5%), from €397,076 to €716,563
- Cash -€37,582
down €37,582 (-66.9%), from €56,179 to €18,597
mainly Stocks and contracts (-€319,486) and Receivables within one year (-€8,328)
- Receivables within one year +€8,328
up €8,328 (+139.9%), from €5,954 to €14,282
of which Trade receivables: +€5,710
- Other debts +€262,532
up €262,532 (+64.3%), from €408,328 to €670,860
- Reserves +€15,477
up €15,477 (+60.3%), from €25,658 to €41,135
- Trade debts +€11,244
up €11,244 (+151.2%), from €7,435 to €18,679
- Gross operating margin -€12,333
down €12,333 (-33.4%), from €36,968 to €24,635
- Depreciation -€3,140
down €3,140 (-100.0%), from €3,140 to €0
- Taxes -€2,209
down €2,209 (-33.3%), from €6,639 to €4,430
- Other operating charges +€2,071
up €2,071 (+268.4%), from €772 to €2,843
- Financial charges +€780
up €780 (+287.2%), from €272 to €1,052
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 | €459,209 | €752,327 | +€293,118 | +63.8% |
| Current assets | 29/58 | €459,209 | €752,327 | +€293,118 | +63.8% |
| Stocks and contracts in progress | 3 | €397,076 | €716,563 | +€319,486 | +80.5% |
| Stocks | 30/36 | €397,076 | €716,563 | +€319,486 | +80.5% |
| Amounts receivable within one year | 40/41 | €5,954 | €14,282 | +€8,328 | +139.9% |
| Trade receivables | 40 | €5,879 | €11,589 | +€5,710 | +97.1% |
| Other amounts receivable | 41 | €75 | €2,693 | +€2,618 | +3490.1% |
| Cash at bank and in hand | 54/58 | €56,179 | €18,597 | -€37,582 | -66.9% |
| Deferred charges and accrued income | 490/1 | - | €2,886 | +€2,886 | |
| Total equity and liabilities | 10/49 | €459,209 | €752,327 | +€293,118 | +63.8% |
| Equity | 10/15 | €30,658 | €46,135 | +€15,477 | +50.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,658 | €41,135 | +€15,477 | +60.3% |
| Distributable reserves | 133 | €25,658 | €41,135 | +€15,477 | +60.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €428,552 | €706,192 | +€277,640 | +64.8% |
| Amounts payable within one year | 42/48 | €428,552 | €706,192 | +€277,640 | +64.8% |
| Trade debts | 44 | €7,435 | €18,679 | +€11,244 | +151.2% |
| Suppliers | 440/4 | €7,435 | €18,679 | +€11,244 | +151.2% |
| Taxes, remuneration and social security | 45 | €12,789 | €16,653 | +€3,865 | +30.2% |
| Taxes | 450/3 | €11,061 | €16,653 | +€5,592 | +50.6% |
| Remuneration and social security | 454/9 | €1,728 | €0 | -€1,728 | -100.0% |
| Other amounts payable | 47/48 | €408,328 | €670,860 | +€262,532 | +64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,140 | €0 | -€3,140 | -100.0% |
| Other operating charges | 640/8 | €772 | €2,843 | +€2,071 | +268.4% |
| Gross operating margin | 9900 | €36,968 | €24,635 | -€12,333 | -33.4% |
| Operating profit (loss) | 9901 | €33,056 | €21,792 | -€11,264 | -34.1% |
| Financial income | 75/76B | €372 | €0 | -€372 | -100.0% |
| Recurring financial income | 75 | €372 | €0 | -€372 | -100.0% |
| Financial charges | 65/66B | €272 | €1,052 | +€780 | +287.2% |
| Recurring financial charges | 65 | €272 | €1,052 | +€780 | +287.2% |
| Profit (loss) for the period before taxes | 9903 | €33,156 | €20,740 | -€12,416 | -37.4% |
| Income taxes | 67/77 | €6,639 | €4,430 | -€2,209 | -33.3% |
| Profit (loss) for the period | 9904 | €26,517 | €16,310 | -€10,207 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,517 | €16,310 | -€10,207 | -38.5% |
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.