L.A. EXPRESS: 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.
L.A. EXPRESS
Largest movements
- Cash -€40,700
down €40,700 (-56.1%), from €72,603 to €31,904
mainly Investment in fixed assets (net) (-€54,362) and Receivables within one year (-€14,857)
- Tangible fixed assets +€18,324
up €18,324 (+17.6%), from €104,003 to €122,327
of which Furniture and vehicles: +€27,715
- Receivables within one year +€14,857
up €14,857 (+35.7%), from €41,615 to €56,472
of which Trade receivables: +€22,471
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Profit (loss) carried forward +€10,824
up €10,824 (+9.6%), from €113,284 to €124,108
- Debts after one year -€10,756
down €10,756 (-34.7%), from €30,974 to €20,218
- Reserves -€10,000
down €10,000 (-65.9%), from €15,174 to €5,174
- Other debts -€6,537
down €6,537 (-39.1%), from €16,701 to €10,164
- Gross operating margin +€39,071
up €39,071 (+46.6%), from €83,855 to €122,925
- Staff costs +€14,742
up €14,742 (+25.8%), from €57,046 to €71,788
- Depreciation -€3,422
down €3,422 (-8.7%), from €39,460 to €36,038
- Taxes +€1,846
up €1,846, from -€1,705 to €141
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 | €218,221 | €210,703 | -€7,519 | -3.4% |
| Fixed assets | 21/28 | €104,003 | €122,327 | +€18,324 | +17.6% |
| Tangible fixed assets | 22/27 | €104,003 | €122,327 | +€18,324 | +17.6% |
| Plant, machinery and equipment | 23 | €175 | - | -€175 | |
| Furniture and vehicles | 24 | €65,658 | €93,372 | +€27,715 | +42.2% |
| Leasing and similar rights | 25 | €38,170 | €28,955 | -€9,215 | -24.1% |
| Current assets | 29/58 | €114,218 | €88,376 | -€25,843 | -22.6% |
| Amounts receivable within one year | 40/41 | €41,615 | €56,472 | +€14,857 | +35.7% |
| Trade receivables | 40 | €29,022 | €51,494 | +€22,471 | +77.4% |
| Other amounts receivable | 41 | €12,593 | €4,978 | -€7,614 | -60.5% |
| Cash at bank and in hand | 54/58 | €72,603 | €31,904 | -€40,700 | -56.1% |
| Total equity and liabilities | 10/49 | €218,221 | €210,703 | -€7,519 | -3.4% |
| Equity | 10/15 | €134,658 | €147,882 | +€13,224 | +9.8% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €15,174 | €5,174 | -€10,000 | -65.9% |
| Distributable reserves | 133 | €15,174 | €5,174 | -€10,000 | -65.9% |
| Profit (loss) carried forward | 14 | €113,284 | €124,108 | +€10,824 | +9.6% |
| Amounts payable | 17/49 | €83,564 | €62,821 | -€20,743 | -24.8% |
| Amounts payable after more than one year | 17 | €30,974 | €20,218 | -€10,756 | -34.7% |
| Financial debts | 170/4 | €30,974 | €20,218 | -€10,756 | -34.7% |
| Amounts payable within one year | 42/48 | €52,590 | €42,603 | -€9,987 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €15,084 | €10,756 | -€4,328 | -28.7% |
| Trade debts | 44 | €3,200 | €2,925 | -€275 | -8.6% |
| Suppliers | 440/4 | €3,200 | €2,925 | -€275 | -8.6% |
| Taxes, remuneration and social security | 45 | €17,606 | €18,758 | +€1,152 | +6.5% |
| Taxes | 450/3 | €14,562 | €7,285 | -€7,276 | -50.0% |
| Remuneration and social security | 454/9 | €3,045 | €11,473 | +€8,428 | +277% |
| Other amounts payable | 47/48 | €16,701 | €10,164 | -€6,537 | -39.1% |
| Non-recurring operating income | 76A | - | €13,161 | +€13,161 | |
| Remuneration, social security and pensions | 62 | €57,046 | €71,788 | +€14,742 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,460 | €36,038 | -€3,422 | -8.7% |
| Other operating charges | 640/8 | €2,031 | €2,220 | +€189 | +9.3% |
| Gross operating margin | 9900 | €83,855 | €122,925 | +€39,071 | +46.6% |
| Operating profit (loss) | 9901 | -€14,682 | €12,880 | +€27,562 | |
| Financial income | 75/76B | €12 | €209 | +€197 | +1,594% |
| Recurring financial income | 75 | €12 | €209 | +€197 | +1,594% |
| Financial charges | 65/66B | €2,409 | €2,124 | -€285 | -11.8% |
| Recurring financial charges | 65 | €2,409 | €2,124 | -€285 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,079 | €10,965 | +€28,044 | |
| Income taxes | 67/77 | -€1,705 | €141 | +€1,846 | |
| Profit (loss) for the period | 9904 | -€15,374 | €10,824 | +€26,198 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,374 | €10,824 | +€26,198 |
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 17 October 2026 via checked.be.