LACART: 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.
LACART
Largest movements
- Intangible fixed assets +€103,145
up €103,145 (+1,122%), from €9,192 to €112,337
- Stocks and contracts +€33,890
new in 2025: €33,890
- Cash +€9,377
up €9,377 (+422%), from €2,222 to €11,600
mainly Debts after one year (+€88,165) and Other debts (+€45,035)
- Receivables within one year +€8,334
up €8,334 (+897%), from €929 to €9,262
of which Other amounts receivable: +€4,859
- Debts after one year +€88,165
new in 2025: €88,165
- Other debts +€45,035
up €45,035 (+9,878%), from €456 to €45,490
- Current portion of long-term debt +€23,543
new in 2025: €23,543
- Profit (loss) carried forward -€12,290
down €12,290 (-114%), from -€10,771 to -€23,061
- Trade debts +€9,884
up €9,884 (+1,070%), from €924 to €10,808
- Financial charges +€5,904
up €5,904 (+2,169%), from €272 to €6,177
- Gross operating margin +€3,624
up €3,624 (+40.5%), from -€8,941 to -€5,317
- Depreciation -€417
down €417 (-50.5%), from €826 to €409
- Other operating charges -€345
down €345 (-47.1%), from €732 to €387
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 | €15,609 | €169,946 | +€154,337 | +989% |
| Formation expenses | 20 | €3,266 | €2,857 | -€409 | -12.5% |
| Fixed assets | 21/28 | €9,192 | €112,337 | +€103,145 | +1,122% |
| Intangible fixed assets | 21 | €9,192 | €112,337 | +€103,145 | +1,122% |
| Current assets | 29/58 | €3,151 | €54,752 | +€51,601 | +1,637% |
| Stocks and contracts in progress | 3 | - | €33,890 | +€33,890 | |
| Stocks | 30/36 | - | €33,890 | +€33,890 | |
| Amounts receivable within one year | 40/41 | €929 | €9,262 | +€8,334 | +897% |
| Trade receivables | 40 | - | €3,475 | +€3,475 | |
| Other amounts receivable | 41 | €929 | €5,787 | +€4,859 | +523% |
| Cash at bank and in hand | 54/58 | €2,222 | €11,600 | +€9,377 | +422% |
| Total equity and liabilities | 10/49 | €15,609 | €169,946 | +€154,337 | +989% |
| Equity | 10/15 | €14,229 | €1,939 | -€12,290 | -86.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,771 | -€23,061 | -€12,290 | -114% |
| Amounts payable | 17/49 | €1,380 | €168,006 | +€166,627 | +12,076% |
| Amounts payable after more than one year | 17 | - | €88,165 | +€88,165 | |
| Financial debts | 170/4 | - | €88,165 | +€88,165 | |
| Amounts payable within one year | 42/48 | €1,380 | €79,842 | +€78,462 | +5,687% |
| Current portion of amounts payable after more than one year | 42 | - | €23,543 | +€23,543 | |
| Trade debts | 44 | €924 | €10,808 | +€9,884 | +1,070% |
| Suppliers | 440/4 | €924 | €10,808 | +€9,884 | +1,070% |
| Other amounts payable | 47/48 | €456 | €45,490 | +€45,035 | +9,878% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €826 | €409 | -€417 | -50.5% |
| Other operating charges | 640/8 | €732 | €387 | -€345 | -47.1% |
| Gross operating margin | 9900 | -€8,941 | -€5,317 | +€3,624 | +40.5% |
| Operating profit (loss) | 9901 | -€10,499 | -€6,113 | +€4,385 | +41.8% |
| Financial charges | 65/66B | €272 | €6,177 | +€5,904 | +2,169% |
| Recurring financial charges | 65 | €272 | €6,177 | +€5,904 | +2,169% |
| Profit (loss) for the period before taxes | 9903 | -€10,771 | -€12,290 | -€1,519 | -14.1% |
| Profit (loss) for the period | 9904 | -€10,771 | -€12,290 | -€1,519 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,771 | -€12,290 | -€1,519 | -14.1% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.