LPK: what changed
LPK
Largest movements
- Receivables within one year +€22,017
up €22,017 (+15.3%), from €143,623 to €165,640
of which Other amounts receivable: +€45,029
- Deferred charges and accrued income -€4,257
down €4,257 (-19.7%), from €21,577 to €17,320
- Tangible fixed assets +€3,443
up €3,443 (+783%), from €439 to €3,883
- Cash -€2,089
down €2,089 (-89.3%), from €2,339 to €250
mainly Net result for the year (-€22,488) and Receivables within one year (-€22,017)
- Short-term financial debts +€46,288
new in 2025: €46,288
- Reserves -€22,488
down €22,488 (-14.5%), from €155,385 to €132,897
- Tax, wage and social debts -€6,064
down €6,064 (-57.5%), from €10,553 to €4,489
of which Remuneration and social security: -€3,750
- Gross operating margin -€6,620
down €6,620 (-41.8%), from -€15,833 to -€22,453
- Financial income -€1,734
down €1,734 (-23.3%), from €7,456 to €5,722
- Financial charges +€1,658
up €1,658 (+95.3%), from €1,740 to €3,398
- Other operating charges -€800
down €800 (-41.0%), from €1,949 to €1,149
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,605 | €187,312 | +€18,708 | +11.1% |
| Formation expenses | 20 | €626 | €220 | -€406 | -64.9% |
| Fixed assets | 21/28 | €439 | €3,883 | +€3,443 | +783% |
| Tangible fixed assets | 22/27 | €439 | €3,883 | +€3,443 | +783% |
| Furniture and vehicles | 24 | €439 | €3,883 | +€3,443 | +783% |
| Current assets | 29/58 | €167,539 | €183,210 | +€15,671 | +9.4% |
| Amounts receivable within one year | 40/41 | €143,623 | €165,640 | +€22,017 | +15.3% |
| Trade receivables | 40 | €60,500 | €37,488 | -€23,012 | -38.0% |
| Other amounts receivable | 41 | €83,123 | €128,153 | +€45,029 | +54.2% |
| Cash at bank and in hand | 54/58 | €2,339 | €250 | -€2,089 | -89.3% |
| Deferred charges and accrued income | 490/1 | €21,577 | €17,320 | -€4,257 | -19.7% |
| Total equity and liabilities | 10/49 | €168,605 | €187,312 | +€18,708 | +11.1% |
| Equity | 10/15 | €156,885 | €134,397 | -€22,488 | -14.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €155,385 | €132,897 | -€22,488 | -14.5% |
| Distributable reserves | 133 | €155,385 | €132,897 | -€22,488 | -14.5% |
| Amounts payable | 17/49 | €11,720 | €52,916 | +€41,196 | +352% |
| Amounts payable within one year | 42/48 | €11,720 | €52,916 | +€41,196 | +352% |
| Financial debts | 43 | - | €46,288 | +€46,288 | |
| Credit institutions | 430/8 | - | €46,288 | +€46,288 | |
| Trade debts | 44 | €1,166 | €2,138 | +€972 | +83.3% |
| Suppliers | 440/4 | €1,166 | €2,138 | +€972 | +83.3% |
| Taxes, remuneration and social security | 45 | €10,553 | €4,489 | -€6,064 | -57.5% |
| Taxes | 450/3 | €6,803 | €4,489 | -€2,314 | -34.0% |
| Remuneration and social security | 454/9 | €3,750 | €0 | -€3,750 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €773 | €762 | -€10 | -1.3% |
| Other operating charges | 640/8 | €1,949 | €1,149 | -€800 | -41.0% |
| Gross operating margin | 9900 | -€15,833 | -€22,453 | -€6,620 | -41.8% |
| Operating profit (loss) | 9901 | -€18,554 | -€24,364 | -€5,810 | -31.3% |
| Financial income | 75/76B | €7,456 | €5,722 | -€1,734 | -23.3% |
| Recurring financial income | 75 | €7,456 | €5,722 | -€1,734 | -23.3% |
| Financial charges | 65/66B | €1,740 | €3,398 | +€1,658 | +95.3% |
| Recurring financial charges | 65 | €1,740 | €3,398 | +€1,658 | +95.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,838 | -€22,040 | -€9,202 | -71.7% |
| Income taxes | 67/77 | €477 | €449 | -€29 | -6.0% |
| Profit (loss) for the period | 9904 | -€13,315 | -€22,488 | -€9,173 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,315 | -€22,488 | -€9,173 | -68.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.