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
- Current investments +€62.8m
new in 2025: €62.8m
- Deferred charges and accrued income +€28.9m
up €28.9m (+187175.6%), from €15,427 to €28.9m
- Receivables within one year +€9.9m
up €9.9m (+5296.9%), from €186,039 to €10.0m
of which Other amounts receivable: +€9.8m
- Receivables after one year +€2.3m
up €2.3m (+764.4%), from €300,000 to €2.6m
- Reserves +€98.0m
up €98.0m (+19284.6%), from €507,943 to €98.5m
of which Distributable reserves: +€98.0m
- Accrued charges and deferred income +€3.9m
up €3.9m (+16044.5%), from €24,060 to €3.9m
- Financial income +€102.5m
up €102.5m (+671490.7%), from €15,259 to €102.5m
of which Non-recurring financial income: +€101.7m
- Other operating charges +€2.5m
up €2.5m (+100676.8%), from €2,482 to €2.5m
- Gross operating margin -€1.1m
down €1.1m, from €98,215 to -€1.0m
- Taxes +€980,898
up €980,898 (+5075.8%), from €19,325 to €1.0m
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 | €1,520,274 | €104,513,366 | +€103.0m | +6774.6% |
| Fixed assets | 21/28 | €854,100 | €1,116 | -€852,984 | -99.9% |
| Tangible fixed assets | 22/27 | €6,030 | €1,116 | -€4,914 | -81.5% |
| Furniture and vehicles | 24 | - | €1,116 | +€1,116 | |
| Leasing and similar rights | 25 | €6,030 | €0 | -€6,030 | -100.0% |
| Financial fixed assets | 28 | €848,071 | €0 | -€848,071 | -100.0% |
| Current assets | 29/58 | €666,173 | €104,512,250 | +€103.8m | +15588.4% |
| Amounts receivable after more than one year | 29 | €300,000 | €2,593,145 | +€2.3m | +764.4% |
| Other amounts receivable | 291 | €300,000 | €2,593,145 | +€2.3m | +764.4% |
| Amounts receivable within one year | 40/41 | €186,039 | €10,040,301 | +€9.9m | +5296.9% |
| Trade receivables | 40 | €0 | €32,283 | +€32,283 | |
| Other amounts receivable | 41 | €186,039 | €10,008,018 | +€9.8m | +5279.5% |
| Current investments | 50/53 | - | €62,834,358 | +€62.8m | |
| Cash at bank and in hand | 54/58 | €164,708 | €154,258 | -€10,450 | -6.3% |
| Deferred charges and accrued income | 490/1 | €15,427 | €28,890,189 | +€28.9m | +187175.6% |
| Total equity and liabilities | 10/49 | €1,520,274 | €104,513,366 | +€103.0m | +6774.6% |
| Equity | 10/15 | €557,943 | €98,512,437 | +€98.0m | +17556.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €507,943 | €98,462,437 | +€98.0m | +19284.6% |
| Non-distributable reserves | 130/1 | €5,000 | €0 | -€5,000 | -100.0% |
| Reserves not available under the articles | 1311 | €5,000 | €0 | -€5,000 | -100.0% |
| Distributable reserves | 133 | €502,943 | €98,462,437 | +€98.0m | +19477.3% |
| Amounts payable | 17/49 | €962,331 | €6,000,929 | +€5.0m | +523.6% |
| Amounts payable after more than one year | 17 | €752,026 | €748,462 | -€3,564 | -0.5% |
| Financial debts | 170/4 | €752,026 | €748,462 | -€3,564 | -0.5% |
| Amounts payable within one year | 42/48 | €186,245 | €1,368,104 | +€1.2m | +634.6% |
| Current portion of amounts payable after more than one year | 42 | €4,578 | €3,564 | -€1,014 | -22.2% |
| Trade debts | 44 | €10,308 | €433,067 | +€422,759 | +4101.3% |
| Suppliers | 440/4 | €10,308 | €433,067 | +€422,759 | +4101.3% |
| Taxes, remuneration and social security | 45 | €19,231 | €775,762 | +€756,531 | +3933.9% |
| Taxes | 450/3 | €17,081 | €773,612 | +€756,531 | +4429.1% |
| Remuneration and social security | 454/9 | €2,150 | €2,150 | = | 0.0% |
| Other amounts payable | 47/48 | €152,128 | €155,711 | +€3,583 | +2.4% |
| Accrued charges and deferred income | 492/3 | €24,060 | €3,884,362 | +€3.9m | +16044.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,979 | €5,199 | +€220 | +4.4% |
| Other operating charges | 640/8 | €2,482 | €2,501,775 | +€2.5m | +100676.8% |
| Gross operating margin | 9900 | €98,215 | -€1,000,705 | -€1.1m | |
| Operating profit (loss) | 9901 | €90,754 | -€3,507,680 | -€3.6m | |
| Financial income | 75/76B | €15,259 | €102,476,951 | +€102.5m | +671490.7% |
| Recurring financial income | 75 | €15,259 | €781,618 | +€766,359 | +5022.4% |
| Non-recurring financial income | 76B | - | €101,695,333 | +€101.7m | |
| Financial charges | 65/66B | €24,417 | €14,554 | -€9,863 | -40.4% |
| Recurring financial charges | 65 | €24,417 | €14,554 | -€9,863 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €81,596 | €98,954,718 | +€98.9m | +121174.2% |
| Income taxes | 67/77 | €19,325 | €1,000,223 | +€980,898 | +5075.8% |
| Profit (loss) for the period | 9904 | €62,271 | €97,954,495 | +€97.9m | +157203.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,271 | €97,954,495 | +€97.9m | +157203.7% |
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.