LA65 MANAGEMENT & HOLDING: what changed
LA65 MANAGEMENT & HOLDING
Largest movements
- Deferred charges and accrued income +€27,008
up €27,008 (+4,342%), from €622 to €27,630
- Cash -€18,173
down €18,173 (-85.9%), from €21,155 to €2,982
mainly Contributions, distributions and other (-€42,000) and Investment in fixed assets (net) (-€38,409)
- Tangible fixed assets +€16,580
up €16,580 (+110%), from €15,012 to €31,592
- Receivables within one year +€4,639
up €4,639 (+71.4%), from €6,500 to €11,139
of which Trade receivables: +€4,390
- Profit (loss) carried forward +€43,217
up €43,217, from -€8,740 to €34,477
- Reserves -€42,000
down €42,000 (-72.3%), from €58,100 to €16,100
- Other debts +€19,331
new in 2025: €19,331
- Debts after one year +€10,700
up €10,700 (+5.7%), from €186,878 to €197,578
- Current portion of long-term debt +€9,710
up €9,710 (+97.9%), from €9,916 to €19,626
- Gross operating margin +€47,849
up €47,849 (+290%), from €16,488 to €64,337
- Financial income +€13,004
up €13,004 (+65.0%), from €20,001 to €33,005
- Staff costs -€10,817
down €10,817 (-38.0%), from €28,451 to €17,634
- Depreciation +€9,287
up €9,287 (+74.0%), from €12,543 to €21,830
- Financial charges +€6,958
up €6,958 (+216%), from €3,228 to €10,186
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €293,290 | €323,343 | +€30,054 | +10.2% |
| Fixed assets | 21/28 | €265,012 | €281,592 | +€16,580 | +6.3% |
| Tangible fixed assets | 22/27 | €15,012 | €31,592 | +€16,580 | +110% |
| Furniture and vehicles | 24 | €15,012 | €31,592 | +€16,580 | +110% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €28,277 | €41,751 | +€13,474 | +47.7% |
| Amounts receivable within one year | 40/41 | €6,500 | €11,139 | +€4,639 | +71.4% |
| Trade receivables | 40 | €6,500 | €10,890 | +€4,390 | +67.5% |
| Other amounts receivable | 41 | - | €249 | +€249 | |
| Cash at bank and in hand | 54/58 | €21,155 | €2,982 | -€18,173 | -85.9% |
| Deferred charges and accrued income | 490/1 | €622 | €27,630 | +€27,008 | +4,342% |
| Total equity and liabilities | 10/49 | €293,290 | €323,343 | +€30,054 | +10.2% |
| Equity | 10/15 | €54,360 | €55,577 | +€1,217 | +2.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Share premium | 1100/10 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €58,100 | €16,100 | -€42,000 | -72.3% |
| Distributable reserves | 133 | €58,100 | €16,100 | -€42,000 | -72.3% |
| Profit (loss) carried forward | 14 | -€8,740 | €34,477 | +€43,217 | |
| Amounts payable | 17/49 | €238,930 | €267,766 | +€28,836 | +12.1% |
| Amounts payable after more than one year | 17 | €186,878 | €197,578 | +€10,700 | +5.7% |
| Financial debts | 170/4 | €186,878 | €197,578 | +€10,700 | +5.7% |
| Amounts payable within one year | 42/48 | €50,452 | €68,588 | +€18,136 | +35.9% |
| Current portion of amounts payable after more than one year | 42 | €9,916 | €19,626 | +€9,710 | +97.9% |
| Trade debts | 44 | €21,492 | €11,822 | -€9,670 | -45.0% |
| Suppliers | 440/4 | €21,492 | €11,822 | -€9,670 | -45.0% |
| Taxes, remuneration and social security | 45 | €19,044 | €17,809 | -€1,236 | -6.5% |
| Taxes | 450/3 | €13,649 | €17,809 | +€4,159 | +30.5% |
| Remuneration and social security | 454/9 | €5,395 | €0 | -€5,395 | -100% |
| Other amounts payable | 47/48 | - | €19,331 | +€19,331 | |
| Accrued charges and deferred income | 492/3 | €1,600 | €1,600 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €28,451 | €17,634 | -€10,817 | -38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,543 | €21,830 | +€9,287 | +74.0% |
| Other operating charges | 640/8 | €1,860 | €1,692 | -€168 | -9.0% |
| Gross operating margin | 9900 | €16,488 | €64,337 | +€47,849 | +290% |
| Operating profit (loss) | 9901 | -€26,366 | €23,181 | +€49,547 | |
| Financial income | 75/76B | €20,001 | €33,005 | +€13,004 | +65.0% |
| Recurring financial income | 75 | €20,001 | €33,005 | +€13,004 | +65.0% |
| Financial charges | 65/66B | €3,228 | €10,186 | +€6,958 | +216% |
| Recurring financial charges | 65 | €3,228 | €10,186 | +€6,958 | +216% |
| Profit (loss) for the period before taxes | 9903 | -€9,593 | €46,000 | +€55,593 | |
| Income taxes | 67/77 | €656 | €2,783 | +€2,127 | +324% |
| Profit (loss) for the period | 9904 | -€10,249 | €43,217 | +€53,466 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,249 | €43,217 | +€53,466 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.