L.A. Management: 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. Management
Largest movements
- Tangible fixed assets +€280,830
up €280,830 (+7,810%), from €3,596 to €284,426
of which Land and buildings: +€282,350
- Cash +€7,888
up €7,888 (+18.8%), from €42,059 to €49,947
mainly Debts after one year (+€257,252) and Net result for the year (+€38,838)
- Receivables within one year +€4,651
up €4,651 (+11.0%), from €42,444 to €47,095
of which Other amounts receivable: +€23,500
- Debts after one year +€257,252
new in 2025: €257,252
- Current portion of long-term debt +€18,823
new in 2025: €18,823
- Trade debts +€9,783
up €9,783 (+138%), from €7,065 to €16,848
- Other debts +€5,060
up €5,060 (+16.9%), from €30,000 to €35,060
- Profit (loss) carried forward +€3,838
up €3,838 (+97.6%), from €3,932 to €7,769
- Gross operating margin +€48,021
up €48,021 (+105%), from €45,927 to €93,948
- Other operating charges +€35,433
up €35,433 (+2,438%), from €1,454 to €36,887
- Financial charges +€5,416
up €5,416 (+2,284%), from €237 to €5,653
- Taxes +€1,635
up €1,635 (+17.5%), from €9,355 to €10,990
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 | €88,099 | €382,325 | +€294,226 | +334% |
| Fixed assets | 21/28 | €3,596 | €284,426 | +€280,830 | +7,810% |
| Tangible fixed assets | 22/27 | €3,596 | €284,426 | +€280,830 | +7,810% |
| Land and buildings | 22 | - | €282,350 | +€282,350 | |
| Furniture and vehicles | 24 | €3,596 | €2,076 | -€1,520 | -42.3% |
| Current assets | 29/58 | €84,503 | €97,900 | +€13,396 | +15.9% |
| Amounts receivable within one year | 40/41 | €42,444 | €47,095 | +€4,651 | +11.0% |
| Trade receivables | 40 | €42,444 | €23,595 | -€18,849 | -44.4% |
| Other amounts receivable | 41 | - | €23,500 | +€23,500 | |
| Cash at bank and in hand | 54/58 | €42,059 | €49,947 | +€7,888 | +18.8% |
| Deferred charges and accrued income | 490/1 | - | €857 | +€857 | |
| Total equity and liabilities | 10/49 | €88,099 | €382,325 | +€294,226 | +334% |
| Equity | 10/15 | €22,432 | €26,269 | +€3,838 | +17.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,932 | €7,769 | +€3,838 | +97.6% |
| Amounts payable | 17/49 | €65,668 | €356,056 | +€290,388 | +442% |
| Amounts payable after more than one year | 17 | - | €257,252 | +€257,252 | |
| Financial debts | 170/4 | - | €257,252 | +€257,252 | |
| Amounts payable within one year | 42/48 | €65,668 | €98,804 | +€33,136 | +50.5% |
| Current portion of amounts payable after more than one year | 42 | - | €18,823 | +€18,823 | |
| Trade debts | 44 | €7,065 | €16,848 | +€9,783 | +138% |
| Suppliers | 440/4 | €7,065 | €16,848 | +€9,783 | +138% |
| Taxes, remuneration and social security | 45 | €28,602 | €28,072 | -€530 | -1.9% |
| Taxes | 450/3 | €28,590 | €28,069 | -€521 | -1.8% |
| Remuneration and social security | 454/9 | €12 | €3 | -€9 | -75.0% |
| Other amounts payable | 47/48 | €30,000 | €35,060 | +€5,060 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,416 | €2,438 | +€22 | +0.9% |
| Other operating charges | 640/8 | €1,454 | €36,887 | +€35,433 | +2,438% |
| Gross operating margin | 9900 | €45,927 | €93,948 | +€48,021 | +105% |
| Operating profit (loss) | 9901 | €42,057 | €54,624 | +€12,566 | +29.9% |
| Financial income | 75/76B | - | €857 | +€857 | |
| Recurring financial income | 75 | - | €857 | +€857 | |
| Financial charges | 65/66B | €237 | €5,653 | +€5,416 | +2,284% |
| Recurring financial charges | 65 | €237 | €5,653 | +€5,416 | +2,284% |
| Profit (loss) for the period before taxes | 9903 | €41,820 | €49,828 | +€8,008 | +19.1% |
| Income taxes | 67/77 | €9,355 | €10,990 | +€1,635 | +17.5% |
| Profit (loss) for the period | 9904 | €32,465 | €38,838 | +€6,372 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,465 | €38,838 | +€6,372 | +19.6% |
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 13 October 2026 via checked.be.