LPX GROUP: 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.
LPX GROUP
Largest movements
- Receivables within one year +€550,675
up €550,675 (+32.6%), from €1.7m to €2.2m
of which Other amounts receivable: +€350,448
- Tangible fixed assets -€321,077
down €321,077 (-35.9%), from €893,256 to €572,179
of which Leasing and similar rights: -€172,775
- Financial fixed assets -€200,000
down €200,000 (-95.0%), from €210,616 to €10,616
- Current investments -€77,869
down €77,869 (-38.6%), from €201,869 to €124,000
- Trade debts +€380,553
up €380,553 (+43.3%), from €879,722 to €1.3m
- Other debts -€340,487
down €340,487 (-87.0%), from €391,217 to €50,730
- Profit (loss) carried forward -€181,381
down €181,381 (-16.8%), from €1.1m to €898,643
- Short-term financial debts +€180,079
up €180,079 (+235%), from €76,626 to €256,705
- Debts after one year -€92,328
down €92,328 (-36.6%), from €252,395 to €160,067
- Financial income -€260,506
down €260,506 (-95.9%), from €271,676 to €11,171
- Financial charges +€148,065
up €148,065 (+207%), from €71,687 to €219,752
of which Non-recurring financial charges: +€165,000
- Gross operating margin -€142,801
down €142,801 (-4.9%), from €2.9m to €2.8m
- Depreciation -€47,288
down €47,288 (-10.2%), from €465,102 to €417,814
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 | €3,333,772 | €3,243,082 | -€90,690 | -2.7% |
| Fixed assets | 21/28 | €1,103,872 | €582,795 | -€521,077 | -47.2% |
| Tangible fixed assets | 22/27 | €893,256 | €572,179 | -€321,077 | -35.9% |
| Land and buildings | 22 | €40,090 | €39,725 | -€365 | -0.9% |
| Plant, machinery and equipment | 23 | €87,921 | €55,942 | -€31,980 | -36.4% |
| Furniture and vehicles | 24 | €326,990 | €219,977 | -€107,013 | -32.7% |
| Leasing and similar rights | 25 | €379,791 | €207,016 | -€172,775 | -45.5% |
| Other tangible fixed assets | 26 | €58,464 | €49,520 | -€8,944 | -15.3% |
| Financial fixed assets | 28 | €210,616 | €10,616 | -€200,000 | -95.0% |
| Current assets | 29/58 | €2,229,900 | €2,660,287 | +€430,387 | +19.3% |
| Amounts receivable within one year | 40/41 | €1,687,811 | €2,238,486 | +€550,675 | +32.6% |
| Trade receivables | 40 | €1,378,252 | €1,578,479 | +€200,227 | +14.5% |
| Other amounts receivable | 41 | €309,559 | €660,007 | +€350,448 | +113% |
| Current investments | 50/53 | €201,869 | €124,000 | -€77,869 | -38.6% |
| Cash at bank and in hand | 54/58 | €328,490 | €297,801 | -€30,690 | -9.3% |
| Deferred charges and accrued income | 490/1 | €11,730 | €0 | -€11,730 | -100% |
| Total equity and liabilities | 10/49 | €3,333,772 | €3,243,082 | -€90,690 | -2.7% |
| Equity | 10/15 | €1,170,684 | €989,303 | -€181,381 | -15.5% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €84,360 | €84,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €82,500 | €82,500 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,080,024 | €898,643 | -€181,381 | -16.8% |
| Amounts payable | 17/49 | €2,163,088 | €2,253,779 | +€90,691 | +4.2% |
| Amounts payable after more than one year | 17 | €252,395 | €160,067 | -€92,328 | -36.6% |
| Financial debts | 170/4 | €252,395 | €160,067 | -€92,328 | -36.6% |
| Amounts payable within one year | 42/48 | €1,850,693 | €2,048,712 | +€198,019 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €251,517 | €194,127 | -€57,389 | -22.8% |
| Financial debts | 43 | €76,626 | €256,705 | +€180,079 | +235% |
| Credit institutions | 430/8 | €76,626 | €256,705 | +€180,079 | +235% |
| Trade debts | 44 | €879,722 | €1,260,275 | +€380,553 | +43.3% |
| Suppliers | 440/4 | €879,722 | €1,260,275 | +€380,553 | +43.3% |
| Taxes, remuneration and social security | 45 | €251,611 | €286,874 | +€35,264 | +14.0% |
| Taxes | 450/3 | €35,318 | €48,252 | +€12,934 | +36.6% |
| Remuneration and social security | 454/9 | €216,293 | €238,623 | +€22,330 | +10.3% |
| Other amounts payable | 47/48 | €391,217 | €50,730 | -€340,487 | -87.0% |
| Accrued charges and deferred income | 492/3 | €60,000 | €45,000 | -€15,000 | -25.0% |
| Remuneration, social security and pensions | 62 | €2,046,752 | €2,046,058 | -€695 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €465,102 | €417,814 | -€47,288 | -10.2% |
| Other operating charges | 640/8 | €249,309 | €255,759 | +€6,451 | +2.6% |
| Gross operating margin | 9900 | €2,893,011 | €2,750,211 | -€142,801 | -4.9% |
| Operating profit (loss) | 9901 | €131,849 | €30,580 | -€101,269 | -76.8% |
| Financial income | 75/76B | €271,676 | €11,171 | -€260,506 | -95.9% |
| Recurring financial income | 75 | €271,676 | €11,171 | -€260,506 | -95.9% |
| Financial charges | 65/66B | €71,687 | €219,752 | +€148,065 | +207% |
| Recurring financial charges | 65 | €71,687 | €54,752 | -€16,935 | -23.6% |
| Non-recurring financial charges | 66B | - | €165,000 | +€165,000 | |
| Profit (loss) for the period before taxes | 9903 | €331,838 | -€178,002 | -€509,840 | |
| Income taxes | 67/77 | €22,553 | €3,379 | -€19,174 | -85.0% |
| Profit (loss) for the period | 9904 | €309,285 | -€181,381 | -€490,666 | |
| Transfer from tax-exempt reserves | 789 | €105,250 | €0 | -€105,250 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €414,535 | -€181,381 | -€595,916 |
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 20 October 2026 via checked.be.