LACAMI: 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.
LACAMI
Largest movements
- Cash +€85,566
up €85,566 (+162%), from €52,884 to €138,450
mainly Net result for the year (+€68,755) and Depreciation (+€17,385)
- Tangible fixed assets -€17,385
down €17,385 (-2.6%), from €674,718 to €657,333
- Reserves +€68,755
up €68,755 (+17.5%), from €392,707 to €461,462
of which Non-distributable reserves: +€71,666
- Gross operating margin +€23,913
up €23,913 (+22.4%), from €106,867 to €130,780
- Taxes +€13,517
up €13,517 (+67.8%), from €19,927 to €33,444
- Financial income +€2,663
up €2,663 (+55.5%), from €4,801 to €7,464
- Other operating charges +€1,326
up €1,326 (+11.5%), from €11,527 to €12,853
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 | €931,232 | €997,653 | +€66,421 | +7.1% |
| Fixed assets | 21/28 | €674,718 | €657,333 | -€17,385 | -2.6% |
| Tangible fixed assets | 22/27 | €674,718 | €657,333 | -€17,385 | -2.6% |
| Land and buildings | 22 | €674,718 | €657,333 | -€17,385 | -2.6% |
| Current assets | 29/58 | €256,514 | €340,320 | +€83,806 | +32.7% |
| Amounts receivable within one year | 40/41 | €3,999 | €2,239 | -€1,760 | -44.0% |
| Other amounts receivable | 41 | €3,999 | €2,239 | -€1,760 | -44.0% |
| Current investments | 50/53 | €199,631 | €199,631 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €52,884 | €138,450 | +€85,566 | +162% |
| Total equity and liabilities | 10/49 | €931,232 | €997,653 | +€66,421 | +7.1% |
| Equity | 10/15 | €412,707 | €481,462 | +€68,755 | +16.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €392,707 | €461,462 | +€68,755 | +17.5% |
| Non-distributable reserves | 130/1 | - | €71,666 | +€71,666 | |
| Other | 1319 | - | €71,666 | +€71,666 | |
| Tax-exempt reserves | 132 | €85,404 | €82,493 | -€2,911 | -3.4% |
| Distributable reserves | 133 | €307,303 | €307,303 | = | 0.0% |
| Provisions and deferred taxes | 16 | €43,977 | €42,477 | -€1,500 | -3.4% |
| Deferred taxes | 168 | €43,977 | €42,477 | -€1,500 | -3.4% |
| Amounts payable | 17/49 | €474,548 | €473,714 | -€834 | -0.2% |
| Amounts payable after more than one year | 17 | €465,033 | €456,836 | -€8,197 | -1.8% |
| Financial debts | 170/4 | €465,033 | €456,836 | -€8,197 | -1.8% |
| Amounts payable within one year | 42/48 | €9,515 | €16,878 | +€7,363 | +77.4% |
| Current portion of amounts payable after more than one year | 42 | €8,100 | €8,200 | +€100 | +1.2% |
| Taxes, remuneration and social security | 45 | €1,415 | €8,678 | +€7,263 | +513% |
| Taxes | 450/3 | €1,415 | €8,678 | +€7,263 | +513% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,385 | €17,385 | = | 0.0% |
| Other operating charges | 640/8 | €11,527 | €12,853 | +€1,326 | +11.5% |
| Gross operating margin | 9900 | €106,867 | €130,780 | +€23,913 | +22.4% |
| Operating profit (loss) | 9901 | €77,955 | €100,542 | +€22,587 | +29.0% |
| Financial income | 75/76B | €4,801 | €7,464 | +€2,663 | +55.5% |
| Recurring financial income | 75 | €4,801 | €7,464 | +€2,663 | +55.5% |
| Financial charges | 65/66B | €7,413 | €7,306 | -€107 | -1.4% |
| Recurring financial charges | 65 | €7,413 | €7,306 | -€107 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €75,343 | €100,700 | +€25,357 | +33.7% |
| Transfer from deferred taxes | 780 | €1,499 | €1,499 | = | 0.0% |
| Income taxes | 67/77 | €19,927 | €33,444 | +€13,517 | +67.8% |
| Profit (loss) for the period | 9904 | €56,915 | €68,755 | +€11,840 | +20.8% |
| Transfer from tax-exempt reserves | 789 | €2,912 | €2,911 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,827 | €71,666 | +€11,839 | +19.8% |
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 17 October 2026 via checked.be.