LPN: what changed
Two financial 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.
LPN
Largest movements
- Cash +€569,144
up €569,144 (+175.8%), from €323,656 to €892,800
mainly Net result for the year (+€866,896) and Other debts (+€493,832)
- Deferred charges and accrued income -€231,578
down €231,578 (-72.8%), from €318,300 to €86,722
- Other debts +€493,832
up €493,832 (+132.2%), from €373,471 to €867,303
- Tax, wage and social debts -€85,335
down €85,335 (-91.5%), from €93,215 to €7,880
of which Remuneration and social security: -€93,134
- Current portion of long-term debt -€85,172
no longer reported in 2025 (was €85,172)
- Staff costs -€557,024
down €557,024 (-58.4%), from €953,778 to €396,753
- Gross operating margin +€324,603
up €324,603 (+26.2%), from €1.2m to €1.6m
- Taxes +€210,879
up €210,879 (+254.9%), from €82,741 to €293,620
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 | €658,406 | €990,698 | +€332,292 | +50.5% |
| Fixed assets | 21/28 | €4,573 | €1,198 | -€3,376 | -73.8% |
| Tangible fixed assets | 22/27 | €4,573 | €1,198 | -€3,376 | -73.8% |
| Plant, machinery and equipment | 23 | €3,323 | €850 | -€2,472 | -74.4% |
| Furniture and vehicles | 24 | €1,251 | €347 | -€904 | -72.2% |
| Current assets | 29/58 | €653,832 | €989,500 | +€335,668 | +51.3% |
| Amounts receivable within one year | 40/41 | €11,876 | €9,978 | -€1,898 | -16.0% |
| Trade receivables | 40 | €5,967 | €3,569 | -€2,398 | -40.2% |
| Other amounts receivable | 41 | €5,910 | €6,410 | +€500 | +8.5% |
| Cash at bank and in hand | 54/58 | €323,656 | €892,800 | +€569,144 | +175.8% |
| Deferred charges and accrued income | 490/1 | €318,300 | €86,722 | -€231,578 | -72.8% |
| Total equity and liabilities | 10/49 | €658,406 | €990,698 | +€332,292 | +50.5% |
| Equity | 10/15 | €22,017 | €22,003 | -€14 | -0.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17 | €3 | -€14 | -82.0% |
| Amounts payable | 17/49 | €636,388 | €968,695 | +€332,306 | +52.2% |
| Amounts payable within one year | 42/48 | €636,388 | €968,695 | +€332,306 | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €85,172 | - | -€85,172 | |
| Trade debts | 44 | €84,531 | €93,512 | +€8,981 | +10.6% |
| Suppliers | 440/4 | €84,531 | €93,512 | +€8,981 | +10.6% |
| Taxes, remuneration and social security | 45 | €93,215 | €7,880 | -€85,335 | -91.5% |
| Taxes | 450/3 | €81 | €7,880 | +€7,799 | +9618.3% |
| Remuneration and social security | 454/9 | €93,134 | - | -€93,134 | |
| Other amounts payable | 47/48 | €373,471 | €867,303 | +€493,832 | +132.2% |
| Non-recurring operating income | 76A | - | €8,403 | +€8,403 | |
| Remuneration, social security and pensions | 62 | €953,778 | €396,753 | -€557,024 | -58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,147 | €3,376 | -€1,771 | -34.4% |
| Other operating charges | 640/8 | €565 | €360 | -€205 | -36.3% |
| Gross operating margin | 9900 | €1,239,545 | €1,564,148 | +€324,603 | +26.2% |
| Operating profit (loss) | 9901 | €280,056 | €1,163,659 | +€883,603 | +315.5% |
| Financial income | 75/76B | €2,169 | €2,468 | +€299 | +13.8% |
| Recurring financial income | 75 | €2,169 | €2,468 | +€299 | +13.8% |
| Financial charges | 65/66B | €9,264 | €5,611 | -€3,653 | -39.4% |
| Recurring financial charges | 65 | €9,264 | €5,611 | -€3,653 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €272,961 | €1,160,516 | +€887,555 | +325.2% |
| Income taxes | 67/77 | €82,741 | €293,620 | +€210,879 | +254.9% |
| Profit (loss) for the period | 9904 | €190,220 | €866,896 | +€676,676 | +355.7% |
| Profit (loss) for the period to be appropriated | 9905 | €190,220 | €866,896 | +€676,676 | +355.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.