LPS-Experts: 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-Experts
Largest movements
- Receivables within one year +€83,525
up €83,525 (+21.9%), from €380,708 to €464,232
of which Trade receivables: +€66,956
- Cash +€59,268
up €59,268 (+8,334%), from €711 to €59,979
mainly Net result for the year (+€163,322) and Tax, wage and social debts (+€71,463)
- Tangible fixed assets +€27,081
up €27,081 (+8.5%), from €319,418 to €346,499
of which Furniture and vehicles: +€44,975
- Stocks and contracts -€18,966
down €18,966 (-13.7%), from €138,293 to €119,327
- Tax, wage and social debts +€71,463
up €71,463 (+281%), from €25,418 to €96,881
of which Taxes: +€35,935
- Profit (loss) carried forward +€63,322
up €63,322 (+19.8%), from €319,064 to €382,386
- Other debts +€48,581
up €48,581 (+44.9%), from €108,306 to €156,887
- Trade debts -€35,480
down €35,480 (-33.9%), from €104,566 to €69,085
- Short-term financial debts -€34,378
no longer reported in 2025 (was €34,378)
- Gross operating margin +€264,341
up €264,341 (+53.0%), from €498,814 to €763,154
- Staff costs +€216,043
up €216,043 (+83.1%), from €260,041 to €476,084
- Taxes +€14,624
up €14,624 (+33.4%), from €43,770 to €58,393
- Depreciation +€11,889
up €11,889 (+30.4%), from €39,164 to €51,053
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 | €855,538 | €1,004,832 | +€149,294 | +17.5% |
| Fixed assets | 21/28 | €327,475 | €350,559 | +€23,084 | +7.0% |
| Intangible fixed assets | 21 | €4,451 | €3,438 | -€1,013 | -22.8% |
| Tangible fixed assets | 22/27 | €319,418 | €346,499 | +€27,081 | +8.5% |
| Land and buildings | 22 | €245,602 | €232,132 | -€13,471 | -5.5% |
| Plant, machinery and equipment | 23 | €19,059 | €14,768 | -€4,291 | -22.5% |
| Furniture and vehicles | 24 | €54,358 | €99,333 | +€44,975 | +82.7% |
| Other tangible fixed assets | 26 | €399 | €266 | -€133 | -33.3% |
| Financial fixed assets | 28 | €3,606 | €622 | -€2,984 | -82.7% |
| Current assets | 29/58 | €528,063 | €654,273 | +€126,210 | +23.9% |
| Stocks and contracts in progress | 3 | €138,293 | €119,327 | -€18,966 | -13.7% |
| Stocks | 30/36 | €138,293 | €119,327 | -€18,966 | -13.7% |
| Amounts receivable within one year | 40/41 | €380,708 | €464,232 | +€83,525 | +21.9% |
| Trade receivables | 40 | €303,083 | €370,039 | +€66,956 | +22.1% |
| Other amounts receivable | 41 | €77,625 | €94,194 | +€16,569 | +21.3% |
| Cash at bank and in hand | 54/58 | €711 | €59,979 | +€59,268 | +8,334% |
| Deferred charges and accrued income | 490/1 | €8,351 | €10,734 | +€2,383 | +28.5% |
| Total equity and liabilities | 10/49 | €855,538 | €1,004,832 | +€149,294 | +17.5% |
| Equity | 10/15 | €379,524 | €442,846 | +€63,322 | +16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,860 | €41,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €319,064 | €382,386 | +€63,322 | +19.8% |
| Amounts payable | 17/49 | €476,014 | €561,986 | +€85,972 | +18.1% |
| Amounts payable after more than one year | 17 | €113,131 | €121,041 | +€7,909 | +7.0% |
| Financial debts | 170/4 | €113,131 | €121,041 | +€7,909 | +7.0% |
| Amounts payable within one year | 42/48 | €362,883 | €440,945 | +€78,062 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €90,216 | €118,092 | +€27,876 | +30.9% |
| Financial debts | 43 | €34,378 | - | -€34,378 | |
| Credit institutions | 430/8 | €34,378 | - | -€34,378 | |
| Trade debts | 44 | €104,566 | €69,085 | -€35,480 | -33.9% |
| Suppliers | 440/4 | €104,566 | €69,085 | -€35,480 | -33.9% |
| Taxes, remuneration and social security | 45 | €25,418 | €96,881 | +€71,463 | +281% |
| Taxes | 450/3 | €6,283 | €42,218 | +€35,935 | +572% |
| Remuneration and social security | 454/9 | €19,135 | €54,663 | +€35,528 | +186% |
| Other amounts payable | 47/48 | €108,306 | €156,887 | +€48,581 | +44.9% |
| Remuneration, social security and pensions | 62 | €260,041 | €476,084 | +€216,043 | +83.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,164 | €51,053 | +€11,889 | +30.4% |
| Other operating charges | 640/8 | €4,289 | €4,555 | +€266 | +6.2% |
| Non-recurring operating charges | 66A | €8,219 | - | -€8,219 | |
| Gross operating margin | 9900 | €498,814 | €763,154 | +€264,341 | +53.0% |
| Operating profit (loss) | 9901 | €187,101 | €231,462 | +€44,361 | +23.7% |
| Financial income | 75/76B | €2,688 | €40 | -€2,649 | -98.5% |
| Recurring financial income | 75 | €732 | €40 | -€692 | -94.6% |
| Non-recurring financial income | 76B | €1,956 | - | -€1,956 | |
| Financial charges | 65/66B | €11,500 | €9,786 | -€1,714 | -14.9% |
| Recurring financial charges | 65 | €11,500 | €9,786 | -€1,714 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €178,289 | €221,716 | +€43,427 | +24.4% |
| Income taxes | 67/77 | €43,770 | €58,393 | +€14,624 | +33.4% |
| Profit (loss) for the period | 9904 | €134,520 | €163,322 | +€28,803 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €134,520 | €163,322 | +€28,803 | +21.4% |
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 14 October 2026 via checked.be.