LPFIN: 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.
LPFIN
Largest movements
- Financial fixed assets +€207,900
up €207,900 (+346500.0%), from €60 to €207,960
- Cash +€53,644
up €53,644 (+64.9%), from €82,698 to €136,342
mainly Net result for the year (+€145,123) and Debts after one year (+€56,250)
- Tangible fixed assets -€22,238
down €22,238 (-41.8%), from €53,236 to €30,998
- Profit (loss) carried forward +€145,123
up €145,123 (+38392.3%), from €378 to €145,501
- Debts after one year +€56,250
new in 2024: €56,250
- Current portion of long-term debt +€27,000
new in 2024: €27,000
- Other debts +€12,789
up €12,789 (+31.9%), from €40,146 to €52,935
- Financial income +€90,020
new in 2024: €90,020
- Gross operating margin +€10,601
up €10,601 (+11.3%), from €93,525 to €104,126
- Depreciation +€7,394
up €7,394 (+46.7%), from €15,818 to €23,212
- Financial charges +€2,723
up €2,723 (+194.8%), from €1,398 to €4,121
- Purchases and services -€1,611
down €1,611 (-2.0%), from €81,039 to €79,428
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,999 | €391,635 | +€240,636 | +159.4% |
| Fixed assets | 21/28 | €53,296 | €238,958 | +€185,662 | +348.4% |
| Tangible fixed assets | 22/27 | €53,236 | €30,998 | -€22,238 | -41.8% |
| Furniture and vehicles | 24 | €53,236 | €30,998 | -€22,238 | -41.8% |
| Financial fixed assets | 28 | €60 | €207,960 | +€207,900 | +346500.0% |
| Current assets | 29/58 | €97,703 | €152,677 | +€54,974 | +56.3% |
| Amounts receivable within one year | 40/41 | €15,005 | €16,335 | +€1,330 | +8.9% |
| Trade receivables | 40 | €14,941 | €16,335 | +€1,394 | +9.3% |
| Other amounts receivable | 41 | €64 | - | -€64 | |
| Cash at bank and in hand | 54/58 | €82,698 | €136,342 | +€53,644 | +64.9% |
| Total equity and liabilities | 10/49 | €150,999 | €391,635 | +€240,636 | +159.4% |
| Equity | 10/15 | €84,628 | €229,751 | +€145,123 | +171.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €71,750 | €71,750 | = | 0.0% |
| Distributable reserves | 133 | €71,750 | €71,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €378 | €145,501 | +€145,123 | +38392.3% |
| Amounts payable | 17/49 | €66,371 | €161,884 | +€95,513 | +143.9% |
| Amounts payable after more than one year | 17 | - | €56,250 | +€56,250 | |
| Other amounts payable | 178/9 | - | €56,250 | +€56,250 | |
| Amounts payable within one year | 42/48 | €66,371 | €105,634 | +€39,263 | +59.2% |
| Current portion of amounts payable after more than one year | 42 | - | €27,000 | +€27,000 | |
| Trade debts | 44 | €1,397 | €1,797 | +€400 | +28.6% |
| Suppliers | 440/4 | €1,397 | €1,797 | +€400 | +28.6% |
| Taxes, remuneration and social security | 45 | €24,828 | €23,902 | -€926 | -3.7% |
| Taxes | 450/3 | €24,828 | €23,902 | -€926 | -3.7% |
| Other amounts payable | 47/48 | €40,146 | €52,935 | +€12,789 | +31.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €81,039 | €79,428 | -€1,611 | -2.0% |
| Remuneration, social security and pensions | 62 | €2,390 | €1,920 | -€470 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,818 | €23,212 | +€7,394 | +46.7% |
| Other operating charges | 640/8 | €180 | €180 | = | 0.0% |
| Gross operating margin | 9900 | €93,525 | €104,126 | +€10,601 | +11.3% |
| Operating profit (loss) | 9901 | €75,137 | €78,814 | +€3,677 | +4.9% |
| Financial income | 75/76B | - | €90,020 | +€90,020 | |
| Recurring financial income | 75 | - | €90,020 | +€90,020 | |
| Financial charges | 65/66B | €1,398 | €4,121 | +€2,723 | +194.8% |
| Recurring financial charges | 65 | €1,398 | €4,121 | +€2,723 | +194.8% |
| Profit (loss) for the period before taxes | 9903 | €73,739 | €164,713 | +€90,974 | +123.4% |
| Income taxes | 67/77 | €21,129 | €19,590 | -€1,539 | -7.3% |
| Profit (loss) for the period | 9904 | €52,610 | €145,123 | +€92,513 | +175.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,610 | €145,123 | +€92,513 | +175.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.