LACE GALLERY: 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.
LACE GALLERY
Largest movements
- Receivables within one year -€4,269
down €4,269 (-86.1%), from €4,961 to €692
- Cash -€3,017
down €3,017 (-11.0%), from €27,476 to €24,458
mainly Net result for the year (-€3,760) and Trade debts (-€3,445)
- Tangible fixed assets -€2,699
down €2,699 (-33.3%), from €8,096 to €5,397
- Stocks and contracts +€858
up €858 (+4.9%), from €17,622 to €18,480
- Profit (loss) carried forward -€3,760
down €3,760 (-47.8%), from -€7,864 to -€11,624
- Trade debts -€3,445
down €3,445 (-64.3%), from €5,355 to €1,910
- Advances received -€908
down €908 (-100%), from €908 to €0
- Other debts -€887
down €887 (-3.3%), from €26,751 to €25,864
- Gross operating margin +€1,291
up €1,291 (+84.8%), from -€1,522 to -€231
- Financial income +€90
up €90 (+179,260%), from €0 to €90
- Other operating charges -€19
down €19 (-2.1%), from €891 to €872
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 | €58,155 | €49,027 | -€9,128 | -15.7% |
| Fixed assets | 21/28 | €8,096 | €5,397 | -€2,699 | -33.3% |
| Tangible fixed assets | 22/27 | €8,096 | €5,397 | -€2,699 | -33.3% |
| Land and buildings | 22 | €8,096 | €5,397 | -€2,699 | -33.3% |
| Current assets | 29/58 | €50,059 | €43,630 | -€6,429 | -12.8% |
| Stocks and contracts in progress | 3 | €17,622 | €18,480 | +€858 | +4.9% |
| Stocks | 30/36 | €17,622 | €18,480 | +€858 | +4.9% |
| Amounts receivable within one year | 40/41 | €4,961 | €692 | -€4,269 | -86.1% |
| Trade receivables | 40 | €4,961 | €692 | -€4,269 | -86.1% |
| Cash at bank and in hand | 54/58 | €27,476 | €24,458 | -€3,017 | -11.0% |
| Total equity and liabilities | 10/49 | €58,155 | €49,027 | -€9,128 | -15.7% |
| Equity | 10/15 | €21,958 | €18,198 | -€3,760 | -17.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €4,822 | €4,822 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,322 | €2,322 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€7,864 | -€11,624 | -€3,760 | -47.8% |
| Amounts payable | 17/49 | €36,197 | €30,829 | -€5,368 | -14.8% |
| Amounts payable within one year | 42/48 | €36,197 | €30,829 | -€5,368 | -14.8% |
| Trade debts | 44 | €5,355 | €1,910 | -€3,445 | -64.3% |
| Suppliers | 440/4 | €5,355 | €1,910 | -€3,445 | -64.3% |
| Advances received on contracts in progress | 46 | €908 | €0 | -€908 | -100% |
| Taxes, remuneration and social security | 45 | €3,183 | €3,055 | -€128 | -4.0% |
| Taxes | 450/3 | €3,183 | €3,055 | -€128 | -4.0% |
| Other amounts payable | 47/48 | €26,751 | €25,864 | -€887 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,699 | €2,699 | = | 0.0% |
| Other operating charges | 640/8 | €891 | €872 | -€19 | -2.1% |
| Gross operating margin | 9900 | -€1,522 | -€231 | +€1,291 | +84.8% |
| Operating profit (loss) | 9901 | -€5,112 | -€3,803 | +€1,310 | +25.6% |
| Financial income | 75/76B | €0 | €90 | +€90 | +179,260% |
| Recurring financial income | 75 | €0 | €90 | +€90 | +179,260% |
| Financial charges | 65/66B | €45 | €47 | +€2 | +5.5% |
| Recurring financial charges | 65 | €45 | €47 | +€2 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,157 | -€3,760 | +€1,397 | +27.1% |
| Profit (loss) for the period | 9904 | -€5,157 | -€3,760 | +€1,397 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,157 | -€3,760 | +€1,397 | +27.1% |
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 19 October 2026 via checked.be.