LAC ROSE: 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.
LAC ROSE
Largest movements
- Current investments +€134,408
up €134,408 (+11.2%), from €1.2m to €1.3m
- Cash -€123,288
down €123,288 (-86.4%), from €142,614 to €19,325
mainly Contributions, distributions and other (-€470,588) and Current investments (-€134,408)
- Receivables within one year -€86,857
down €86,857 (-96.7%), from €89,865 to €3,008
of which Trade receivables: -€50,417
- Profit (loss) carried forward -€463,917
down €463,917 (-30.1%), from €1.5m to €1.1m
- Other debts +€417,099
up €417,099, from €0 to €417,099
- Tax, wage and social debts -€45,790
down €45,790 (-79.2%), from €57,833 to €12,043
of which Taxes: -€44,168
- Gross operating margin -€477,358
down €477,358, from €425,108 to -€52,251
- Taxes -€108,620
down €108,620 (-95.6%), from €113,652 to €5,032
- Financial income +€43,396
up €43,396 (+145.2%), from €29,890 to €73,286
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 | €1,622,401 | €1,541,946 | -€80,455 | -5.0% |
| Fixed assets | 21/28 | €7,749 | €2,074 | -€5,675 | -73.2% |
| Tangible fixed assets | 22/27 | €7,749 | €2,074 | -€5,675 | -73.2% |
| Furniture and vehicles | 24 | €7,749 | €2,074 | -€5,675 | -73.2% |
| Current assets | 29/58 | €1,614,653 | €1,539,872 | -€74,780 | -4.6% |
| Amounts receivable after more than one year | 29 | €151,577 | €149,407 | -€2,171 | -1.4% |
| Trade receivables | 290 | €151,577 | €149,407 | -€2,171 | -1.4% |
| Amounts receivable within one year | 40/41 | €89,865 | €3,008 | -€86,857 | -96.7% |
| Trade receivables | 40 | €50,417 | €0 | -€50,417 | -100.0% |
| Other amounts receivable | 41 | €39,448 | €3,008 | -€36,440 | -92.4% |
| Current investments | 50/53 | €1,199,210 | €1,333,618 | +€134,408 | +11.2% |
| Cash at bank and in hand | 54/58 | €142,614 | €19,325 | -€123,288 | -86.4% |
| Deferred charges and accrued income | 490/1 | €31,388 | €34,515 | +€3,127 | +10.0% |
| Total equity and liabilities | 10/49 | €1,622,401 | €1,541,946 | -€80,455 | -5.0% |
| Equity | 10/15 | €1,541,098 | €1,077,181 | -€463,917 | -30.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,540,098 | €1,076,181 | -€463,917 | -30.1% |
| Amounts payable | 17/49 | €81,303 | €464,766 | +€383,463 | +471.6% |
| Amounts payable within one year | 42/48 | €59,525 | €435,770 | +€376,246 | +632.1% |
| Trade debts | 44 | €1,692 | €6,628 | +€4,936 | +291.8% |
| Suppliers | 440/4 | €1,692 | €6,628 | +€4,936 | +291.8% |
| Taxes, remuneration and social security | 45 | €57,833 | €12,043 | -€45,790 | -79.2% |
| Taxes | 450/3 | €54,455 | €10,287 | -€44,168 | -81.1% |
| Remuneration and social security | 454/9 | €3,378 | €1,756 | -€1,622 | -48.0% |
| Other amounts payable | 47/48 | €0 | €417,099 | +€417,099 | |
| Accrued charges and deferred income | 492/3 | €21,778 | €28,995 | +€7,217 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,139 | €5,675 | -€2,464 | -30.3% |
| Other operating charges | 640/8 | €3,105 | €1,581 | -€1,524 | -49.1% |
| Gross operating margin | 9900 | €425,108 | -€52,251 | -€477,358 | |
| Operating profit (loss) | 9901 | €413,863 | -€59,506 | -€473,370 | |
| Financial income | 75/76B | €29,890 | €73,286 | +€43,396 | +145.2% |
| Recurring financial income | 75 | €29,890 | €73,286 | +€43,396 | +145.2% |
| Financial charges | 65/66B | €103 | €2,076 | +€1,974 | +1918.5% |
| Recurring financial charges | 65 | €103 | €2,076 | +€1,974 | +1918.5% |
| Profit (loss) for the period before taxes | 9903 | €443,650 | €11,703 | -€431,947 | -97.4% |
| Income taxes | 67/77 | €113,652 | €5,032 | -€108,620 | -95.6% |
| Profit (loss) for the period | 9904 | €329,998 | €6,671 | -€323,327 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €329,998 | €6,671 | -€323,327 | -98.0% |
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 9 October 2026 via checked.be.