LaCAR MDx technologies: 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.
What changed
LaCAR MDx technologies
NACE 28.990, Manufacture of machinery and equipment not elsewhere classified
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
-€1.8m
31-12-2024 · -€425,550-€1.4m
Equity
€12.7m
31-12-2024 · €8.6m+€4.1m
Cash
€411,946
31-12-2024 · €235,473+€176,474
Balance sheet total
€29.1m
31-12-2024 · €18.7m+€10.4m
Largest movements
Assets
- Receivables after one year +€5.7m
up €5.7m (+7,969%), from €71,190 to €5.7m
- Intangible fixed assets +€2.1m
up €2.1m (+56.1%), from €3.8m to €6.0m
- Stocks and contracts +€1.1m
up €1.1m (+65.1%), from €1.7m to €2.8m
- Receivables within one year +€1.0m
up €1.0m (+42.2%), from €2.5m to €3.5m
of which Trade receivables: +€863,945
- Tangible fixed assets +€304,040
up €304,040 (+4.1%), from €7.5m to €7.8m
of which Leasing and similar rights: +€413,999
Equity and liabilities
- Contributions +€5.5m
up €5.5m (+82.9%), from €6.7m to €12.2m
- Debts after one year +€3.2m
up €3.2m (+52.4%), from €6.1m to €9.2m
- Profit (loss) carried forward -€1.8m
down €1.8m (-209%), from -€878,467 to -€2.7m
- Trade debts +€1.5m
up €1.5m (+108%), from €1.4m to €3.0m
- Current portion of long-term debt +€510,506
up €510,506 (+75.0%), from €680,644 to €1.2m
Income statement
- Gross operating margin -€4.1m
no longer reported in 2025 (was €4.1m)
- Services and other goods +€3.2m
new in 2025: €3.2m
- Goods and materials +€2.9m
new in 2025: €2.9m
of which Purchases: +€3.6m
- Financial charges +€845,784
up €845,784 (+326%), from €259,212 to €1.1m
- Depreciation +€713,166
up €713,166 (+44.9%), from €1.6m to €2.3m
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
-€425,550
Turnover
+€95,198
Other operating income
+€388,621
Goods and materials
-€2.9m
Services and other goods
-€3.2m
Staff costs
-€349,041
Depreciation
-€713,166
Write-downs
-€2,944
Other operating charges
-€4,083
Other operating items
+€5.6m
Financial income
+€516,520
Financial charges
-€845,784
Taxes
+€9,858
Result 31-12-2025
-€1.8m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€5.2m
Investment
-€4.7m
Financing
+€10.2m
Cash 31-12-2024
€235,473
From operations (derived)
-€5.2m
Net result for the year
-€1.8m
Depreciation
+€2.3m
Receivables after one year
-€5.7m
Stocks and contracts
-€1.1m
Receivables within one year
-€1.0m
Deferred charges and accrued income
-€9,032
Trade debts
+€1.5m
Tax, wage and social debts
+€92,953
Other debts
+€396,241
Accrued charges and deferred income
+€77,740
Investment (derived)
-€4.7m
Investment in fixed assets (net)
-€4.7m
Financing
+€10.2m
Debts after one year
+€3.2m
Current portion of long-term debt
+€510,506
Short-term financial debts
+€500,000
Contributions, distributions and other
+€6.0m
Cash 31-12-2025
€411,946
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,702,432 | €29,144,612 | +€10.4m | +55.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €14,046,833 | €16,492,087 | +€2.4m | +17.4% |
| Intangible fixed assets | 21 | €3,817,593 | €5,958,807 | +€2.1m | +56.1% |
| Tangible fixed assets | 22/27 | €7,450,506 | €7,754,546 | +€304,040 | +4.1% |
| Land and buildings | 22 | €6,202,157 | €5,952,883 | -€249,274 | -4.0% |
| Plant, machinery and equipment | 23 | €823,317 | €744,687 | -€78,630 | -9.6% |
| Furniture and vehicles | 24 | €240,493 | €233,855 | -€6,638 | -2.8% |
| Leasing and similar rights | 25 | - | €413,999 | +€413,999 | |
| Assets under construction and advance payments | 27 | €184,539 | €409,122 | +€224,583 | +122% |
| Financial fixed assets | 28 | €2,778,734 | €2,778,734 | = | 0.0% |
| Affiliated companies | 280/1 | - | €2,776,234 | +€2.8m | |
| Participating interests | 280 | - | €2,776,234 | +€2.8m | |
| Other financial fixed assets | 284/8 | - | €2,500 | +€2,500 | |
| Shares | 284 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €4,655,598 | €12,652,525 | +€8.0m | +172% |
| Amounts receivable after more than one year | 29 | €71,190 | €5,744,487 | +€5.7m | +7,969% |
| Other amounts receivable | 291 | €71,190 | €5,744,487 | +€5.7m | +7,969% |
| Stocks and contracts in progress | 3 | €1,697,004 | €2,801,862 | +€1.1m | +65.1% |
| Stocks | 30/36 | €1,697,004 | €2,801,862 | +€1.1m | +65.1% |
| Raw materials and consumables | 30/31 | - | €1,083,532 | +€1.1m | |
| Work in progress | 32 | - | €750,821 | +€750,821 | |
| Finished goods | 33 | - | €605,853 | +€605,853 | |
| Goods purchased for resale | 34 | - | €361,656 | +€361,656 | |
| Amounts receivable within one year | 40/41 | €2,450,614 | €3,483,881 | +€1.0m | +42.2% |
| Trade receivables | 40 | €1,066,548 | €1,930,494 | +€863,945 | +81.0% |
| Other amounts receivable | 41 | €1,384,066 | €1,553,387 | +€169,321 | +12.2% |
| Cash at bank and in hand | 54/58 | €235,473 | €411,946 | +€176,474 | +74.9% |
| Deferred charges and accrued income | 490/1 | €201,317 | €210,348 | +€9,032 | +4.5% |
| Total equity and liabilities | 10/49 | €18,702,432 | €29,144,612 | +€10.4m | +55.8% |
| Equity | 10/15 | €8,575,984 | €12,721,137 | +€4.1m | +48.3% |
| Contributions | 10/11 | €6,696,750 | €12,245,320 | +€5.5m | +82.9% |
| Capital | 10 | €6,696,750 | €12,245,320 | +€5.5m | +82.9% |
| Issued capital | 100 | €6,696,750 | €12,245,320 | +€5.5m | +82.9% |
| Reserves | 13 | €17,000 | €17,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,000 | €17,000 | = | 0.0% |
| Legal reserve | 130 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€878,467 | -€2,718,698 | -€1.8m | -209% |
| Investment grants | 15 | €2,740,701 | €3,177,516 | +€436,815 | +15.9% |
| Amounts payable | 17/49 | €10,126,448 | €16,423,475 | +€6.3m | +62.2% |
| Amounts payable after more than one year | 17 | €6,055,007 | €9,230,335 | +€3.2m | +52.4% |
| Financial debts | 170/4 | €6,055,007 | €9,230,335 | +€3.2m | +52.4% |
| Leasing and similar obligations | 172 | - | €357,415 | +€357,415 | |
| Credit institutions | 173 | - | €7,873,817 | +€7.9m | |
| Other loans | 174 | - | €999,104 | +€999,104 | |
| Amounts payable within one year | 42/48 | €3,966,082 | €7,010,040 | +€3.0m | +76.7% |
| Current portion of amounts payable after more than one year | 42 | €680,644 | €1,191,150 | +€510,506 | +75.0% |
| Financial debts | 43 | €1,000,000 | €1,500,000 | +€500,000 | +50.0% |
| Other loans | 439 | €1,000,000 | €1,500,000 | +€500,000 | +50.0% |
| Trade debts | 44 | €1,429,134 | €2,973,391 | +€1.5m | +108% |
| Suppliers | 440/4 | €1,429,134 | €2,973,391 | +€1.5m | +108% |
| Taxes, remuneration and social security | 45 | €439,121 | €532,074 | +€92,953 | +21.2% |
| Taxes | 450/3 | €57,995 | €82,784 | +€24,790 | +42.7% |
| Remuneration and social security | 454/9 | €381,126 | €449,290 | +€68,164 | +17.9% |
| Other amounts payable | 47/48 | €417,183 | €813,425 | +€396,241 | +95.0% |
| Accrued charges and deferred income | 492/3 | €105,359 | €183,099 | +€77,740 | +73.8% |
| Operating income | 70/76A | - | €10,247,840 | +€10.2m | |
| Turnover | 70 | €7,958,896 | €8,054,094 | +€95,198 | +1.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €438,143 | +€438,143 | |
| Own construction capitalised | 72 | - | €1,366,982 | +€1.4m | |
| Other operating income | 74 | - | €388,621 | +€388,621 | |
| Operating charges | 60/66A | - | €12,019,492 | +€12.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | €6,105,600 | - | -€6.1m | |
| Goods for resale, raw materials and consumables | 60 | - | €2,899,027 | +€2.9m | |
| Purchases | 600/8 | - | €3,565,742 | +€3.6m | |
| Change in stocks: decrease (increase) | 609 | - | -€666,715 | -€666,715 | |
| Services and other goods | 61 | - | €3,238,487 | +€3.2m | |
| Remuneration, social security and pensions | 62 | €3,175,513 | €3,524,554 | +€349,041 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,588,753 | €2,301,919 | +€713,166 | +44.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,944 | +€2,944 | |
| Other operating charges | 640/8 | €48,479 | €52,563 | +€4,083 | +8.4% |
| Gross operating margin | 9900 | €4,136,370 | - | -€4.1m | |
| Operating profit (loss) | 9901 | -€676,376 | -€1,771,652 | -€1.1m | -162% |
| Financial income | 75/76B | €521,527 | €1,038,047 | +€516,520 | +99.0% |
| Recurring financial income | 75 | €521,527 | €1,038,047 | +€516,520 | +99.0% |
| Income from financial fixed assets | 750 | - | €263,166 | +€263,166 | |
| Other financial income | 752/9 | - | €774,881 | +€774,881 | |
| Financial charges | 65/66B | €259,212 | €1,104,995 | +€845,784 | +326% |
| Recurring financial charges | 65 | €259,212 | €1,104,995 | +€845,784 | +326% |
| Debt charges | 650 | - | €374,588 | +€374,588 | |
| Other financial charges | 652/9 | - | €730,408 | +€730,408 | |
| Profit (loss) for the period before taxes | 9903 | -€414,061 | -€1,838,600 | -€1.4m | -344% |
| Income taxes | 67/77 | €11,489 | €1,631 | -€9,858 | -85.8% |
| Taxes | 670/3 | - | €7,474 | +€7,474 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €5,843 | +€5,843 | |
| Profit (loss) for the period | 9904 | -€425,550 | -€1,840,232 | -€1.4m | -332% |
| Profit (loss) for the period to be appropriated | 9905 | -€425,550 | -€1,840,232 | -€1.4m | -332% |
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 20 October 2026 via checked.be.