L.A.C.: what changed
Two fiscal 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.
L.A.C.
Largest movements
- Receivables within one year +€84,806
up €84,806 (+46.0%), from €184,348 to €269,155
- Deferred charges and accrued income +€13,932
new in 2024: €13,932
- Cash -€13,471
down €13,471 (-42.3%), from €31,831 to €18,360
mainly Receivables within one year (-€84,806) and Contributions, distributions and other (-€50,000)
- Stocks and contracts +€5,237
up €5,237 (+47.0%), from €11,135 to €16,372
- Other debts +€60,073
up €60,073 (+352.0%), from €17,065 to €77,138
- Trade debts +€59,394
up €59,394 (+111.2%), from €53,404 to €112,798
- Profit (loss) carried forward -€27,626
down €27,626 (-23.6%), from €117,140 to €89,514
- Reserves +€15,000
up €15,000 (+20.5%), from €73,000 to €88,000
- Debts after one year -€13,139
down €13,139 (-20.5%), from €63,974 to €50,835
- Gross operating margin -€8,575
down €8,575 (-8.4%), from €102,138 to €93,563
- Financial charges -€6,490
down €6,490 (-75.2%), from €8,635 to €2,145
- Other operating charges +€1,255
up €1,255 (+76.5%), from €1,640 to €2,895
- Taxes -€1,076
down €1,076 (-5.6%), from €19,220 to €18,144
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €421,234 | €509,696 | +€88,462 | +21.0% |
| Fixed assets | 21/28 | €193,639 | €191,572 | -€2,066 | -1.1% |
| Tangible fixed assets | 22/27 | €176,496 | €174,429 | -€2,066 | -1.2% |
| Land and buildings | 22 | €106,811 | €101,189 | -€5,622 | -5.3% |
| Plant, machinery and equipment | 23 | €64,105 | €40,155 | -€23,950 | -37.4% |
| Furniture and vehicles | 24 | - | €30,295 | +€30,295 | |
| Other tangible fixed assets | 26 | €5,580 | €2,790 | -€2,790 | -50.0% |
| Financial fixed assets | 28 | €17,143 | €17,143 | = | 0.0% |
| Current assets | 29/58 | €227,595 | €318,124 | +€90,528 | +39.8% |
| Stocks and contracts in progress | 3 | €11,135 | €16,372 | +€5,237 | +47.0% |
| Stocks | 30/36 | €11,135 | €16,372 | +€5,237 | +47.0% |
| Amounts receivable within one year | 40/41 | €184,348 | €269,155 | +€84,806 | +46.0% |
| Trade receivables | 40 | €184,348 | €269,155 | +€84,806 | +46.0% |
| Current investments | 50/53 | €281 | €306 | +€24 | +8.7% |
| Cash at bank and in hand | 54/58 | €31,831 | €18,360 | -€13,471 | -42.3% |
| Deferred charges and accrued income | 490/1 | - | €13,932 | +€13,932 | |
| Total equity and liabilities | 10/49 | €421,234 | €509,696 | +€88,462 | +21.0% |
| Equity | 10/15 | €201,295 | €188,669 | -€12,626 | -6.3% |
| Contributions | 10/11 | €11,155 | €11,155 | = | 0.0% |
| Reserves | 13 | €73,000 | €88,000 | +€15,000 | +20.5% |
| Distributable reserves | 133 | €73,000 | €88,000 | +€15,000 | +20.5% |
| Profit (loss) carried forward | 14 | €117,140 | €89,514 | -€27,626 | -23.6% |
| Amounts payable | 17/49 | €219,939 | €321,027 | +€101,088 | +46.0% |
| Amounts payable after more than one year | 17 | €63,974 | €50,835 | -€13,139 | -20.5% |
| Financial debts | 170/4 | €63,974 | €50,835 | -€13,139 | -20.5% |
| Amounts payable within one year | 42/48 | €155,965 | €270,192 | +€114,228 | +73.2% |
| Current portion of amounts payable after more than one year | 42 | €29,213 | €37,482 | +€8,269 | +28.3% |
| Trade debts | 44 | €53,404 | €112,798 | +€59,394 | +111.2% |
| Suppliers | 440/4 | €53,404 | €112,798 | +€59,394 | +111.2% |
| Advances received on contracts in progress | 46 | €29,580 | €21,060 | -€8,520 | -28.8% |
| Taxes, remuneration and social security | 45 | €26,703 | €21,714 | -€4,988 | -18.7% |
| Taxes | 450/3 | €23,390 | €18,431 | -€4,959 | -21.2% |
| Remuneration and social security | 454/9 | €3,312 | €3,283 | -€29 | -0.9% |
| Other amounts payable | 47/48 | €17,065 | €77,138 | +€60,073 | +352.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,917 | €34,020 | -€897 | -2.6% |
| Other operating charges | 640/8 | €1,640 | €2,895 | +€1,255 | +76.5% |
| Gross operating margin | 9900 | €102,138 | €93,563 | -€8,575 | -8.4% |
| Operating profit (loss) | 9901 | €65,581 | €56,648 | -€8,932 | -13.6% |
| Financial income | 75/76B | €166 | €1,015 | +€849 | +511.0% |
| Recurring financial income | 75 | €166 | €1,015 | +€849 | +511.0% |
| Financial charges | 65/66B | €8,635 | €2,145 | -€6,490 | -75.2% |
| Recurring financial charges | 65 | €8,635 | €2,145 | -€6,490 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | €57,112 | €55,518 | -€1,594 | -2.8% |
| Income taxes | 67/77 | €19,220 | €18,144 | -€1,076 | -5.6% |
| Profit (loss) for the period | 9904 | €37,892 | €37,374 | -€518 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,892 | €37,374 | -€518 | -1.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.