LPS: 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.
LPS
Largest movements
- Tangible fixed assets -€26,932
down €26,932 (-30.6%), from €87,991 to €61,059
of which Plant, machinery and equipment: -€18,165
- Cash +€18,195
up €18,195 (+217%), from €8,384 to €26,579
mainly Depreciation (+€26,932) and Receivables within one year (+€13,525)
- Receivables within one year -€13,525
down €13,525 (-18.4%), from €73,593 to €60,068
of which Other amounts receivable: -€17,174
- Profit (loss) carried forward -€24,234
down €24,234 (-25.8%), from -€94,070 to -€118,304
- Accrued charges and deferred income +€4,406
new in 2025: €4,406
- Other debts -€3,048
down €3,048 (-1.4%), from €222,768 to €219,720
- Staff costs -€26,209
down €26,209 (-83.9%), from €31,256 to €5,047
- Gross operating margin +€20,578
up €20,578, from -€11,860 to €8,718
- Depreciation +€7,001
up €7,001 (+35.1%), from €19,931 to €26,932
- Other operating charges -€250
down €250 (-38.9%), from €642 to €392
- Taxes -€169
down €169 (-38.5%), from €439 to €270
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.
Derived cash bridge
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 | €208,851 | €186,589 | -€22,262 | -10.7% |
| Fixed assets | 21/28 | €87,991 | €61,059 | -€26,932 | -30.6% |
| Tangible fixed assets | 22/27 | €87,991 | €61,059 | -€26,932 | -30.6% |
| Land and buildings | 22 | €12,980 | €9,735 | -€3,245 | -25.0% |
| Plant, machinery and equipment | 23 | €45,219 | €27,054 | -€18,165 | -40.2% |
| Furniture and vehicles | 24 | €29,792 | €24,270 | -€5,522 | -18.5% |
| Current assets | 29/58 | €120,860 | €125,530 | +€4,670 | +3.9% |
| Amounts receivable after more than one year | 29 | €38,883 | €38,883 | = | 0.0% |
| Other amounts receivable | 291 | €38,883 | €38,883 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,593 | €60,068 | -€13,525 | -18.4% |
| Trade receivables | 40 | €48,269 | €51,919 | +€3,649 | +7.6% |
| Other amounts receivable | 41 | €25,323 | €8,150 | -€17,174 | -67.8% |
| Cash at bank and in hand | 54/58 | €8,384 | €26,579 | +€18,195 | +217% |
| Total equity and liabilities | 10/49 | €208,851 | €186,589 | -€22,262 | -10.7% |
| Equity | 10/15 | -€21,470 | -€45,704 | -€24,234 | -113% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Capital | 10 | €66,000 | €66,000 | = | 0.0% |
| Issued capital | 100 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €6,600 | €6,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,600 | €6,600 | = | 0.0% |
| Legal reserve | 130 | €6,600 | €6,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,070 | -€118,304 | -€24,234 | -25.8% |
| Amounts payable | 17/49 | €230,321 | €232,293 | +€1,972 | +0.9% |
| Amounts payable within one year | 42/48 | €230,321 | €227,887 | -€2,434 | -1.1% |
| Trade debts | 44 | €895 | €2,879 | +€1,984 | +222% |
| Suppliers | 440/4 | €895 | €2,879 | +€1,984 | +222% |
| Taxes, remuneration and social security | 45 | €6,658 | €5,288 | -€1,370 | -20.6% |
| Taxes | 450/3 | €899 | €1,006 | +€107 | +11.9% |
| Remuneration and social security | 454/9 | €5,759 | €4,282 | -€1,477 | -25.6% |
| Other amounts payable | 47/48 | €222,768 | €219,720 | -€3,048 | -1.4% |
| Accrued charges and deferred income | 492/3 | - | €4,406 | +€4,406 | |
| Remuneration, social security and pensions | 62 | €31,256 | €5,047 | -€26,209 | -83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,931 | €26,932 | +€7,001 | +35.1% |
| Other operating charges | 640/8 | €642 | €392 | -€250 | -38.9% |
| Gross operating margin | 9900 | -€11,860 | €8,718 | +€20,578 | |
| Operating profit (loss) | 9901 | -€63,688 | -€23,653 | +€40,035 | +62.9% |
| Financial charges | 65/66B | €175 | €236 | +€61 | +35.0% |
| Recurring financial charges | 65 | €175 | €236 | +€61 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | -€63,863 | -€23,889 | +€39,974 | +62.6% |
| Income taxes | 67/77 | €439 | €270 | -€169 | -38.5% |
| Profit (loss) for the period | 9904 | -€64,302 | -€24,159 | +€40,143 | +62.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,302 | -€24,159 | +€40,143 | +62.4% |
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 22 October 2026 via checked.be.