LPM: 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.
LPM
Largest movements
- Receivables within one year -€15,540
down €15,540 (-12.9%), from €120,217 to €104,677
of which Other amounts receivable: -€20,134
- Tangible fixed assets +€14,860
up €14,860 (+79.1%), from €18,797 to €33,657
of which Furniture and vehicles: +€14,446
- Reserves -€32,017
down €32,017 (-37.1%), from €86,258 to €54,241
of which Distributable reserves: -€32,017
- Other debts +€25,764
up €25,764 (+94.7%), from €27,212 to €52,976
- Tax, wage and social debts +€10,033
up €10,033 (+31.6%), from €31,704 to €41,736
of which Remuneration and social security: +€7,819
- Current portion of long-term debt -€5,827
down €5,827 (-35.4%), from €16,445 to €10,618
- Trade debts +€4,405
up €4,405 (+21.0%), from €20,949 to €25,354
- Gross operating margin +€41,749
up €41,749 (+18.2%), from €229,410 to €271,159
- Staff costs +€32,089
up €32,089 (+17.6%), from €181,890 to €213,978
- Financial charges -€3,730
down €3,730 (-44.3%), from €8,410 to €4,681
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 | €192,929 | €191,535 | -€1,393 | -0.7% |
| Fixed assets | 21/28 | €19,239 | €34,099 | +€14,860 | +77.2% |
| Tangible fixed assets | 22/27 | €18,797 | €33,657 | +€14,860 | +79.1% |
| Land and buildings | 22 | €16,260 | €9,248 | -€7,013 | -43.1% |
| Plant, machinery and equipment | 23 | €94 | €7,521 | +€7,427 | +7884.0% |
| Furniture and vehicles | 24 | €2,442 | €16,889 | +€14,446 | +591.5% |
| Financial fixed assets | 28 | €442 | €442 | = | 0.0% |
| Current assets | 29/58 | €173,690 | €157,437 | -€16,253 | -9.4% |
| Stocks and contracts in progress | 3 | €11,647 | €10,139 | -€1,508 | -12.9% |
| Stocks | 30/36 | €11,647 | €10,139 | -€1,508 | -12.9% |
| Amounts receivable within one year | 40/41 | €120,217 | €104,677 | -€15,540 | -12.9% |
| Trade receivables | 40 | - | €4,594 | +€4,594 | |
| Other amounts receivable | 41 | €120,217 | €100,083 | -€20,134 | -16.7% |
| Cash at bank and in hand | 54/58 | €41,766 | €42,585 | +€819 | +2.0% |
| Deferred charges and accrued income | 490/1 | €60 | €35 | -€24 | -40.8% |
| Total equity and liabilities | 10/49 | €192,929 | €191,535 | -€1,393 | -0.7% |
| Equity | 10/15 | €92,598 | €60,690 | -€31,908 | -34.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,258 | €54,241 | -€32,017 | -37.1% |
| Non-distributable reserves | 130/1 | €1,641 | €1,641 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,641 | €1,641 | = | 0.0% |
| Distributable reserves | 133 | €84,617 | €52,600 | -€32,017 | -37.8% |
| Profit (loss) carried forward | 14 | €141 | €249 | +€109 | +77.2% |
| Amounts payable | 17/49 | €100,330 | €130,846 | +€30,515 | +30.4% |
| Amounts payable after more than one year | 17 | €3,969 | - | -€3,969 | |
| Financial debts | 170/4 | €3,969 | - | -€3,969 | |
| Amounts payable within one year | 42/48 | €96,362 | €130,846 | +€34,484 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €16,445 | €10,618 | -€5,827 | -35.4% |
| Financial debts | 43 | - | €162 | +€162 | |
| Credit institutions | 430/8 | - | €162 | +€162 | |
| Trade debts | 44 | €20,949 | €25,354 | +€4,405 | +21.0% |
| Suppliers | 440/4 | €20,949 | €25,354 | +€4,405 | +21.0% |
| Advances received on contracts in progress | 46 | €52 | - | -€52 | |
| Taxes, remuneration and social security | 45 | €31,704 | €41,736 | +€10,033 | +31.6% |
| Taxes | 450/3 | €10,229 | €12,442 | +€2,214 | +21.6% |
| Remuneration and social security | 454/9 | €21,475 | €29,294 | +€7,819 | +36.4% |
| Other amounts payable | 47/48 | €27,212 | €52,976 | +€25,764 | +94.7% |
| Remuneration, social security and pensions | 62 | €181,890 | €213,978 | +€32,089 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,496 | €14,500 | +€2,004 | +16.0% |
| Other operating charges | 640/8 | €1,808 | €1,988 | +€180 | +10.0% |
| Gross operating margin | 9900 | €229,410 | €271,159 | +€41,749 | +18.2% |
| Operating profit (loss) | 9901 | €33,217 | €40,693 | +€7,476 | +22.5% |
| Financial income | 75/76B | €90 | €332 | +€242 | +269.0% |
| Recurring financial income | 75 | €90 | €332 | +€242 | +269.0% |
| Financial charges | 65/66B | €8,410 | €4,681 | -€3,730 | -44.3% |
| Recurring financial charges | 65 | €8,410 | €4,681 | -€3,730 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €24,896 | €36,344 | +€11,448 | +46.0% |
| Income taxes | 67/77 | €10,567 | €12,036 | +€1,469 | +13.9% |
| Profit (loss) for the period | 9904 | €14,330 | €24,309 | +€9,979 | +69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,330 | €24,309 | +€9,979 | +69.6% |
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 7 October 2026 via checked.be.