LA.MA: 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.MA
Largest movements
- Tangible fixed assets -€67,825
down €67,825 (-7.0%), from €972,618 to €904,793
- Reserves -€65,168
down €65,168 (-5.0%), from €1.3m to €1.2m
of which Distributable reserves: -€65,168
No income-statement line moved by more than 1% of the activity.
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 | €2,643,626 | €2,600,031 | -€43,595 | -1.6% |
| Fixed assets | 21/28 | €972,618 | €904,793 | -€67,825 | -7.0% |
| Tangible fixed assets | 22/27 | €972,618 | €904,793 | -€67,825 | -7.0% |
| Land and buildings | 22 | €972,618 | €904,793 | -€67,825 | -7.0% |
| Current assets | 29/58 | €1,671,008 | €1,695,238 | +€24,230 | +1.5% |
| Amounts receivable within one year | 40/41 | €1,301,648 | €1,301,692 | +€45 | 0.0% |
| Other amounts receivable | 41 | €1,301,648 | €1,301,692 | +€45 | 0.0% |
| Cash at bank and in hand | 54/58 | €349,097 | €371,405 | +€22,308 | +6.4% |
| Deferred charges and accrued income | 490/1 | €20,263 | €22,141 | +€1,877 | +9.3% |
| Total equity and liabilities | 10/49 | €2,643,626 | €2,600,031 | -€43,595 | -1.6% |
| Equity | 10/15 | €1,319,382 | €1,254,214 | -€65,168 | -4.9% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | €1,296,882 | €1,231,714 | -€65,168 | -5.0% |
| Tax-exempt reserves | 132 | €4,818 | €4,818 | = | 0.0% |
| Distributable reserves | 133 | €1,292,064 | €1,226,896 | -€65,168 | -5.0% |
| Amounts payable | 17/49 | €1,324,244 | €1,345,817 | +€21,574 | +1.6% |
| Amounts payable within one year | 42/48 | €1,304,752 | €1,326,344 | +€21,593 | +1.7% |
| Trade debts | 44 | €4,752 | €8,136 | +€3,385 | +71.2% |
| Suppliers | 440/4 | €4,752 | €8,136 | +€3,385 | +71.2% |
| Other amounts payable | 47/48 | €1,300,000 | €1,318,208 | +€18,208 | +1.4% |
| Accrued charges and deferred income | 492/3 | €19,492 | €19,473 | -€19 | -0.1% |
| Operating income | 70/76A | €18,000 | €18,000 | = | 0.0% |
| Other operating income | 74 | €18,000 | €18,000 | = | 0.0% |
| Operating charges | 60/66A | €86,337 | €85,155 | -€1,182 | -1.4% |
| Services and other goods | 61 | €12,021 | €11,947 | -€75 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,825 | €67,825 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,491 | €5,384 | -€1,107 | -17.1% |
| Operating profit (loss) | 9901 | -€68,337 | -€67,155 | +€1,182 | +1.7% |
| Financial income | 75/76B | €22,573 | €21,548 | -€1,025 | -4.5% |
| Recurring financial income | 75 | €22,573 | €21,548 | -€1,025 | -4.5% |
| Income from current assets | 751 | €22,573 | €21,548 | -€1,025 | -4.5% |
| Financial charges | 65/66B | €19,443 | €19,561 | +€118 | +0.6% |
| Recurring financial charges | 65 | €19,443 | €19,561 | +€118 | +0.6% |
| Debt charges | 650 | €19,240 | €19,334 | +€94 | +0.5% |
| Other financial charges | 652/9 | €203 | €227 | +€24 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | -€65,207 | -€65,168 | +€39 | +0.1% |
| Profit (loss) for the period | 9904 | -€65,207 | -€65,168 | +€39 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,207 | -€65,168 | +€39 | +0.1% |
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 7 October 2026 via checked.be.