LaCa Invest: 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.
LaCa Invest
Largest movements
- Tangible fixed assets +€113,493
up €113,493 (+4.0%), from €2.8m to €2.9m
of which Land and buildings: +€118,958
- Receivables within one year -€36,986
down €36,986 (-49.2%), from €75,195 to €38,209
of which Trade receivables: -€37,561
- Other debts +€357,559
up €357,559 (+38.5%), from €928,000 to €1.3m
- Debts after one year -€191,297
down €191,297 (-9.1%), from €2.1m to €1.9m
- Trade debts -€75,525
down €75,525 (-49.0%), from €154,140 to €78,615
- Profit (loss) carried forward -€42,105
down €42,105 (-8.0%), from -€523,789 to -€565,894
- Financial charges -€64,303
down €64,303 (-62.2%), from €103,361 to €39,058
- Gross operating margin +€41,878
up €41,878 (+29.8%), from €140,742 to €182,620
- Depreciation +€8,412
up €8,412 (+6.1%), from €137,321 to €145,732
- Write-downs +€5,734
no longer reported in 2025 (was -€5,734)
- Other operating charges -€2,068
down €2,068 (-16.6%), from €12,466 to €10,398
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 | €2,907,660 | €2,988,160 | +€80,500 | +2.8% |
| Fixed assets | 21/28 | €2,819,394 | €2,932,888 | +€113,493 | +4.0% |
| Tangible fixed assets | 22/27 | €2,819,334 | €2,932,828 | +€113,493 | +4.0% |
| Land and buildings | 22 | €2,778,194 | €2,897,152 | +€118,958 | +4.3% |
| Plant, machinery and equipment | 23 | €37,495 | €33,576 | -€3,919 | -10.5% |
| Furniture and vehicles | 24 | €3,645 | €2,100 | -€1,545 | -42.4% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €88,266 | €55,272 | -€32,993 | -37.4% |
| Amounts receivable within one year | 40/41 | €75,195 | €38,209 | -€36,986 | -49.2% |
| Trade receivables | 40 | €75,195 | €37,634 | -€37,561 | -50.0% |
| Other amounts receivable | 41 | - | €575 | +€575 | |
| Cash at bank and in hand | 54/58 | €8,617 | €12,501 | +€3,885 | +45.1% |
| Deferred charges and accrued income | 490/1 | €4,454 | €4,562 | +€108 | +2.4% |
| Total equity and liabilities | 10/49 | €2,907,660 | €2,988,160 | +€80,500 | +2.8% |
| Equity | 10/15 | -€505,189 | -€547,294 | -€42,105 | -8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€523,789 | -€565,894 | -€42,105 | -8.0% |
| Amounts payable | 17/49 | €3,412,849 | €3,535,454 | +€122,605 | +3.6% |
| Amounts payable after more than one year | 17 | €2,097,276 | €1,905,978 | -€191,297 | -9.1% |
| Financial debts | 170/4 | €2,097,276 | €1,905,978 | -€191,297 | -9.1% |
| Amounts payable within one year | 42/48 | €1,290,249 | €1,587,747 | +€297,498 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €188,151 | €211,380 | +€23,229 | +12.3% |
| Trade debts | 44 | €154,140 | €78,615 | -€75,525 | -49.0% |
| Suppliers | 440/4 | €154,140 | €78,615 | -€75,525 | -49.0% |
| Taxes, remuneration and social security | 45 | €19,958 | €12,192 | -€7,766 | -38.9% |
| Taxes | 450/3 | €15,287 | €9,543 | -€5,744 | -37.6% |
| Remuneration and social security | 454/9 | €4,671 | €2,649 | -€2,022 | -43.3% |
| Other amounts payable | 47/48 | €928,000 | €1,285,560 | +€357,559 | +38.5% |
| Accrued charges and deferred income | 492/3 | €25,324 | €41,729 | +€16,405 | +64.8% |
| Remuneration, social security and pensions | 62 | €30,512 | €29,723 | -€788 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,321 | €145,732 | +€8,412 | +6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,734 | - | +€5,734 | |
| Other operating charges | 640/8 | €12,466 | €10,398 | -€2,068 | -16.6% |
| Gross operating margin | 9900 | €140,742 | €182,620 | +€41,878 | +29.8% |
| Operating profit (loss) | 9901 | -€33,822 | -€3,234 | +€30,588 | +90.4% |
| Financial income | 75/76B | €20 | €187 | +€167 | +835% |
| Recurring financial income | 75 | €20 | €187 | +€167 | +835% |
| Financial charges | 65/66B | €103,361 | €39,058 | -€64,303 | -62.2% |
| Recurring financial charges | 65 | €103,361 | €39,058 | -€64,303 | -62.2% |
| Profit (loss) for the period before taxes | 9903 | -€137,164 | -€42,105 | +€95,058 | +69.3% |
| Profit (loss) for the period | 9904 | -€137,164 | -€42,105 | +€95,058 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€137,164 | -€42,105 | +€95,058 | +69.3% |
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 22 October 2026 via checked.be.