LA 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.
LA C.
Largest movements
- Cash -€21,889
down €21,889 (-80.2%), from €27,310 to €5,421
mainly Investment in fixed assets (net) (-€16,673) and Accrued charges and deferred income (-€10,454)
- Receivables within one year +€9,672
up €9,672 (+924.7%), from €1,046 to €10,718
of which Trade receivables: +€10,556
- Tangible fixed assets +€2,150
up €2,150 (+2.7%), from €78,573 to €80,723
of which Plant, machinery and equipment: +€2,904
- Accrued charges and deferred income -€10,454
no longer reported in 2025 (was €10,454)
- Debts after one year -€7,973
down €7,973 (-16.6%), from €47,981 to €40,009
- Profit (loss) carried forward +€4,344
no longer reported in 2025 (was -€4,344)
- Trade debts +€3,952
up €3,952 (+38.8%), from €10,182 to €14,134
- Current portion of long-term debt -€2,587
down €2,587 (-17.2%), from €15,027 to €12,440
- Gross operating margin +€2,517
up €2,517 (+11.7%), from €21,593 to €24,110
- Depreciation +€769
up €769 (+5.1%), from €15,171 to €15,940
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.
Cash bridge derived
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 | €113,118 | €102,129 | -€10,990 | -9.7% |
| Formation expenses | 20 | €1,264 | €547 | -€716 | -56.7% |
| Fixed assets | 21/28 | €79,971 | €81,421 | +€1,450 | +1.8% |
| Intangible fixed assets | 21 | €1,398 | €698 | -€700 | -50.1% |
| Tangible fixed assets | 22/27 | €78,573 | €80,723 | +€2,150 | +2.7% |
| Plant, machinery and equipment | 23 | €77,779 | €80,683 | +€2,904 | +3.7% |
| Furniture and vehicles | 24 | €794 | €39 | -€755 | -95.0% |
| Current assets | 29/58 | €31,883 | €20,160 | -€11,723 | -36.8% |
| Stocks and contracts in progress | 3 | €2,379 | €2,601 | +€221 | +9.3% |
| Stocks | 30/36 | €2,379 | €2,601 | +€221 | +9.3% |
| Amounts receivable within one year | 40/41 | €1,046 | €10,718 | +€9,672 | +924.7% |
| Trade receivables | 40 | €162 | €10,718 | +€10,556 | +6508.1% |
| Other amounts receivable | 41 | €884 | - | -€884 | |
| Cash at bank and in hand | 54/58 | €27,310 | €5,421 | -€21,889 | -80.2% |
| Deferred charges and accrued income | 490/1 | €1,148 | €1,421 | +€272 | +23.7% |
| Total equity and liabilities | 10/49 | €113,118 | €102,129 | -€10,990 | -9.7% |
| Equity | 10/15 | -€3,344 | €2,612 | +€5,956 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €1,612 | +€1,612 | |
| Distributable reserves | 133 | - | €1,612 | +€1,612 | |
| Profit (loss) carried forward | 14 | -€4,344 | - | +€4,344 | |
| Amounts payable | 17/49 | €116,462 | €99,517 | -€16,945 | -14.5% |
| Amounts payable after more than one year | 17 | €47,981 | €40,009 | -€7,973 | -16.6% |
| Financial debts | 170/4 | €47,981 | €40,009 | -€7,973 | -16.6% |
| Amounts payable within one year | 42/48 | €58,027 | €59,508 | +€1,482 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €15,027 | €12,440 | -€2,587 | -17.2% |
| Trade debts | 44 | €10,182 | €14,134 | +€3,952 | +38.8% |
| Suppliers | 440/4 | €10,182 | €14,134 | +€3,952 | +38.8% |
| Advances received on contracts in progress | 46 | €750 | - | -€750 | |
| Taxes, remuneration and social security | 45 | - | €956 | +€956 | |
| Taxes | 450/3 | - | €956 | +€956 | |
| Other amounts payable | 47/48 | €32,068 | €31,979 | -€89 | -0.3% |
| Accrued charges and deferred income | 492/3 | €10,454 | - | -€10,454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,171 | €15,940 | +€769 | +5.1% |
| Other operating charges | 640/8 | €830 | €1,017 | +€187 | +22.5% |
| Gross operating margin | 9900 | €21,593 | €24,110 | +€2,517 | +11.7% |
| Operating profit (loss) | 9901 | €5,592 | €7,153 | +€1,562 | +27.9% |
| Financial income | 75/76B | €176 | €121 | -€56 | -31.6% |
| Recurring financial income | 75 | €176 | €121 | -€56 | -31.6% |
| Financial charges | 65/66B | €1,528 | €1,318 | -€210 | -13.7% |
| Recurring financial charges | 65 | €1,528 | €1,318 | -€210 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €4,240 | €5,956 | +€1,716 | +40.5% |
| Profit (loss) for the period | 9904 | €4,240 | €5,956 | +€1,716 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,240 | €5,956 | +€1,716 | +40.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.