LEPCOM: 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.
LEPCOM
Largest movements
- Current investments +€68,357
up €68,357 (+12.8%), from €534,778 to €603,135
- Cash +€67,167
up €67,167 (+63.5%), from €105,776 to €172,944
mainly Net result for the year (+€219,493) and Depreciation (+€19,637)
- Receivables within one year +€30,204
up €30,204 (+592%), from €5,106 to €35,310
of which Other amounts receivable: +€16,383
- Tangible fixed assets -€19,637
down €19,637 (-4.9%), from €400,842 to €381,206
of which Land and buildings: -€13,107
- Reserves +€219,493
up €219,493 (+35.6%), from €616,359 to €835,852
of which Distributable reserves: +€135,293
- Other debts -€29,750
no longer reported in 2025 (was €29,750)
- Debts after one year -€29,447
down €29,447 (-11.1%), from €266,024 to €236,577
- Depreciation -€50,071
down €50,071 (-71.8%), from €69,708 to €19,637
- Gross operating margin +€42,236
up €42,236 (+16.9%), from €250,624 to €292,860
- Provisions +€24,550
no longer reported in 2025 (was -€24,550)
- Taxes +€21,533
up €21,533 (+43.9%), from €49,097 to €70,630
- Financial income +€14,445
up €14,445 (+89.2%), from €16,187 to €30,632
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 | €1,046,503 | €1,192,594 | +€146,091 | +14.0% |
| Fixed assets | 21/28 | €400,842 | €381,206 | -€19,637 | -4.9% |
| Tangible fixed assets | 22/27 | €400,842 | €381,206 | -€19,637 | -4.9% |
| Land and buildings | 22 | €391,627 | €378,520 | -€13,107 | -3.3% |
| Furniture and vehicles | 24 | €9,216 | €2,685 | -€6,530 | -70.9% |
| Current assets | 29/58 | €645,661 | €811,389 | +€165,728 | +25.7% |
| Amounts receivable within one year | 40/41 | €5,106 | €35,310 | +€30,204 | +592% |
| Trade receivables | 40 | €5,106 | €18,927 | +€13,820 | +271% |
| Other amounts receivable | 41 | - | €16,383 | +€16,383 | |
| Current investments | 50/53 | €534,778 | €603,135 | +€68,357 | +12.8% |
| Cash at bank and in hand | 54/58 | €105,776 | €172,944 | +€67,167 | +63.5% |
| Total equity and liabilities | 10/49 | €1,046,503 | €1,192,594 | +€146,091 | +14.0% |
| Equity | 10/15 | €634,959 | €854,452 | +€219,493 | +34.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €616,359 | €835,852 | +€219,493 | +35.6% |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Distributable reserves | 133 | €616,359 | €751,652 | +€135,293 | +22.0% |
| Amounts payable | 17/49 | €411,544 | €338,142 | -€73,402 | -17.8% |
| Amounts payable after more than one year | 17 | €266,024 | €236,577 | -€29,447 | -11.1% |
| Financial debts | 170/4 | €266,024 | €236,577 | -€29,447 | -11.1% |
| Amounts payable within one year | 42/48 | €76,922 | €36,477 | -€40,445 | -52.6% |
| Current portion of amounts payable after more than one year | 42 | €28,557 | €29,447 | +€890 | +3.1% |
| Trade debts | 44 | €145 | - | -€145 | |
| Suppliers | 440/4 | €145 | - | -€145 | |
| Taxes, remuneration and social security | 45 | €18,470 | €7,030 | -€11,440 | -61.9% |
| Taxes | 450/3 | €18,470 | €7,030 | -€11,440 | -61.9% |
| Other amounts payable | 47/48 | €29,750 | - | -€29,750 | |
| Accrued charges and deferred income | 492/3 | €68,598 | €65,088 | -€3,510 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,708 | €19,637 | -€50,071 | -71.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€24,550 | - | +€24,550 | |
| Other operating charges | 640/8 | €1,841 | €1,989 | +€148 | +8.0% |
| Gross operating margin | 9900 | €250,624 | €292,860 | +€42,236 | +16.9% |
| Operating profit (loss) | 9901 | €203,625 | €271,235 | +€67,609 | +33.2% |
| Financial income | 75/76B | €16,187 | €30,632 | +€14,445 | +89.2% |
| Recurring financial income | 75 | €16,187 | €30,632 | +€14,445 | +89.2% |
| Financial charges | 65/66B | €12,407 | €11,743 | -€663 | -5.3% |
| Recurring financial charges | 65 | €12,407 | €11,743 | -€663 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €207,406 | €290,123 | +€82,718 | +39.9% |
| Income taxes | 67/77 | €49,097 | €70,630 | +€21,533 | +43.9% |
| Profit (loss) for the period | 9904 | €158,309 | €219,493 | +€61,184 | +38.6% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €158,309 | €135,293 | -€23,016 | -14.5% |
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 26 October 2026 via checked.be.