LPX Retail: 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 Retail
Largest movements
- Tangible fixed assets -€73,603
down €73,603 (-30.0%), from €245,543 to €171,940
of which Plant, machinery and equipment: -€71,485
- Receivables within one year -€28,939
down €28,939 (-33.5%), from €86,267 to €57,328
of which Trade receivables: -€18,743
- Cash -€21,131
down €21,131 (-37.8%), from €55,868 to €34,737
mainly Other debts (-€115,581) and Debts after one year (-€77,398)
- Intangible fixed assets -€16,000
down €16,000 (-16.2%), from €98,542 to €82,543
- Stocks and contracts -€11,373
down €11,373 (-11.1%), from €102,476 to €91,103
- Other debts -€115,581
down €115,581 (-88.9%), from €130,073 to €14,492
- Profit (loss) carried forward +€85,987
up €85,987 (+2591.5%), from €3,318 to €89,305
- Debts after one year -€77,398
down €77,398 (-45.8%), from €168,894 to €91,496
- Trade debts -€48,861
down €48,861 (-65.1%), from €75,059 to €26,197
- Tax, wage and social debts +€16,677
up €16,677 (+70.8%), from €23,566 to €40,243
of which Taxes: +€11,807
- Staff costs -€76,901
down €76,901 (-28.9%), from €265,898 to €188,997
- Gross operating margin +€40,983
up €40,983 (+11.1%), from €367,659 to €408,642
- Taxes +€26,633
new in 2026: €26,633
- Financial charges -€4,980
down €4,980 (-29.9%), from €16,645 to €11,666
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €610,664 | €459,456 | -€151,208 | -24.8% |
| Fixed assets | 21/28 | €344,166 | €254,563 | -€89,603 | -26.0% |
| Intangible fixed assets | 21 | €98,542 | €82,543 | -€16,000 | -16.2% |
| Tangible fixed assets | 22/27 | €245,543 | €171,940 | -€73,603 | -30.0% |
| Plant, machinery and equipment | 23 | €239,442 | €167,957 | -€71,485 | -29.9% |
| Furniture and vehicles | 24 | €6,100 | €3,983 | -€2,118 | -34.7% |
| Financial fixed assets | 28 | €81 | €81 | = | 0.0% |
| Current assets | 29/58 | €266,498 | €204,893 | -€61,606 | -23.1% |
| Stocks and contracts in progress | 3 | €102,476 | €91,103 | -€11,373 | -11.1% |
| Stocks | 30/36 | €102,476 | €91,103 | -€11,373 | -11.1% |
| Amounts receivable within one year | 40/41 | €86,267 | €57,328 | -€28,939 | -33.5% |
| Trade receivables | 40 | €74,997 | €56,254 | -€18,743 | -25.0% |
| Other amounts receivable | 41 | €11,269 | €1,074 | -€10,196 | -90.5% |
| Cash at bank and in hand | 54/58 | €55,868 | €34,737 | -€21,131 | -37.8% |
| Deferred charges and accrued income | 490/1 | €21,887 | €21,725 | -€162 | -0.7% |
| Total equity and liabilities | 10/49 | €610,664 | €459,456 | -€151,208 | -24.8% |
| Equity | 10/15 | €126,518 | €212,505 | +€85,987 | +68.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €61,200 | €61,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,318 | €89,305 | +€85,987 | +2591.5% |
| Amounts payable | 17/49 | €484,146 | €246,951 | -€237,195 | -49.0% |
| Amounts payable after more than one year | 17 | €168,894 | €91,496 | -€77,398 | -45.8% |
| Financial debts | 170/4 | €168,894 | €91,496 | -€77,398 | -45.8% |
| Amounts payable within one year | 42/48 | €305,160 | €151,916 | -€153,244 | -50.2% |
| Current portion of amounts payable after more than one year | 42 | €76,463 | €70,984 | -€5,478 | -7.2% |
| Trade debts | 44 | €75,059 | €26,197 | -€48,861 | -65.1% |
| Suppliers | 440/4 | €75,059 | €26,197 | -€48,861 | -65.1% |
| Taxes, remuneration and social security | 45 | €23,566 | €40,243 | +€16,677 | +70.8% |
| Taxes | 450/3 | - | €11,807 | +€11,807 | |
| Remuneration and social security | 454/9 | €23,566 | €28,436 | +€4,869 | +20.7% |
| Other amounts payable | 47/48 | €130,073 | €14,492 | -€115,581 | -88.9% |
| Accrued charges and deferred income | 492/3 | €10,091 | €3,539 | -€6,553 | -64.9% |
| Remuneration, social security and pensions | 62 | €265,898 | €188,997 | -€76,901 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,446 | €94,809 | +€1,363 | +1.5% |
| Other operating charges | 640/8 | €1,467 | €966 | -€501 | -34.1% |
| Gross operating margin | 9900 | €367,659 | €408,642 | +€40,983 | +11.1% |
| Operating profit (loss) | 9901 | €6,848 | €123,870 | +€117,022 | +1708.8% |
| Financial income | 75/76B | €1,189 | €415 | -€773 | -65.1% |
| Recurring financial income | 75 | €1,189 | €415 | -€773 | -65.1% |
| Financial charges | 65/66B | €16,645 | €11,666 | -€4,980 | -29.9% |
| Recurring financial charges | 65 | €16,645 | €11,666 | -€4,980 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,609 | €112,620 | +€121,229 | |
| Income taxes | 67/77 | - | €26,633 | +€26,633 | |
| Profit (loss) for the period | 9904 | -€8,609 | €85,987 | +€94,596 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,609 | €85,987 | +€94,596 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.