LPP: 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.
LPP
Largest movements
- Cash +€100,720
up €100,720 (+177.2%), from €56,826 to €157,546
mainly Depreciation (+€69,527) and Receivables within one year (+€52,583)
- Tangible fixed assets -€53,747
down €53,747 (-38.6%), from €139,325 to €85,579
- Receivables within one year -€52,583
down €52,583 (-52.7%), from €99,707 to €47,124
of which Trade receivables: -€75,173
- Debts after one year -€26,429
down €26,429 (-44.0%), from €60,121 to €33,693
- Profit (loss) carried forward +€21,149
up €21,149 (+10.6%), from -€199,083 to -€177,933
- Trade debts +€7,130
up €7,130 (+31.0%), from €22,982 to €30,112
- Tax, wage and social debts -€6,210
down €6,210 (-40.8%), from €15,235 to €9,026
of which Remuneration and social security: -€7,035
- Staff costs -€34,539
down €34,539 (-36.6%), from €94,285 to €59,746
- Gross operating margin +€20,929
up €20,929 (+15.8%), from €132,757 to €153,685
- Depreciation -€4,766
down €4,766 (-6.4%), from €74,293 to €69,527
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 | €296,328 | €292,428 | -€3,900 | -1.3% |
| Fixed assets | 21/28 | €139,795 | €86,049 | -€53,747 | -38.4% |
| Tangible fixed assets | 22/27 | €139,325 | €85,579 | -€53,747 | -38.6% |
| Land and buildings | 22 | €25,923 | €9,717 | -€16,206 | -62.5% |
| Plant, machinery and equipment | 23 | €60,342 | €47,573 | -€12,768 | -21.2% |
| Furniture and vehicles | 24 | €53,060 | €28,288 | -€24,772 | -46.7% |
| Financial fixed assets | 28 | €470 | €470 | = | 0.0% |
| Current assets | 29/58 | €156,533 | €206,379 | +€49,846 | +31.8% |
| Amounts receivable within one year | 40/41 | €99,707 | €47,124 | -€52,583 | -52.7% |
| Trade receivables | 40 | €92,934 | €17,761 | -€75,173 | -80.9% |
| Other amounts receivable | 41 | €6,773 | €29,364 | +€22,591 | +333.5% |
| Cash at bank and in hand | 54/58 | €56,826 | €157,546 | +€100,720 | +177.2% |
| Deferred charges and accrued income | 490/1 | - | €1,709 | +€1,709 | |
| Total equity and liabilities | 10/49 | €296,328 | €292,428 | -€3,900 | -1.3% |
| Equity | 10/15 | €169,746 | €190,896 | +€21,149 | +12.5% |
| Reserves | 13 | €368,829 | €368,829 | = | 0.0% |
| Distributable reserves | 133 | €368,829 | €368,829 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€199,083 | -€177,933 | +€21,149 | +10.6% |
| Amounts payable | 17/49 | €126,582 | €101,532 | -€25,050 | -19.8% |
| Amounts payable after more than one year | 17 | €60,121 | €33,693 | -€26,429 | -44.0% |
| Financial debts | 170/4 | €60,121 | €33,693 | -€26,429 | -44.0% |
| Amounts payable within one year | 42/48 | €66,460 | €67,839 | +€1,379 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €28,243 | €28,701 | +€458 | +1.6% |
| Trade debts | 44 | €22,982 | €30,112 | +€7,130 | +31.0% |
| Suppliers | 440/4 | €22,982 | €30,112 | +€7,130 | +31.0% |
| Taxes, remuneration and social security | 45 | €15,235 | €9,026 | -€6,210 | -40.8% |
| Taxes | 450/3 | €3,475 | €4,301 | +€826 | +23.8% |
| Remuneration and social security | 454/9 | €11,761 | €4,725 | -€7,035 | -59.8% |
| Non-recurring operating income | 76A | €264 | - | -€264 | |
| Remuneration, social security and pensions | 62 | €94,285 | €59,746 | -€34,539 | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,293 | €69,527 | -€4,766 | -6.4% |
| Other operating charges | 640/8 | €2,548 | €1,686 | -€863 | -33.8% |
| Non-recurring operating charges | 66A | €11,616 | - | -€11,616 | |
| Gross operating margin | 9900 | €132,757 | €153,685 | +€20,929 | +15.8% |
| Operating profit (loss) | 9901 | -€49,986 | €22,726 | +€72,712 | |
| Financial income | 75/76B | €0 | €3 | +€3 | +837.5% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +837.5% |
| Financial charges | 65/66B | €1,906 | €1,439 | -€467 | -24.5% |
| Recurring financial charges | 65 | €1,906 | €1,439 | -€467 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | -€51,891 | €21,290 | +€73,182 | |
| Income taxes | 67/77 | €160 | €141 | -€19 | -11.9% |
| Profit (loss) for the period | 9904 | -€52,051 | €21,149 | +€73,201 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,051 | €21,149 | +€73,201 |
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 5 October 2026 via checked.be.