LACE PALACE: 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 PALACE
Largest movements
- Receivables within one year +€11,535
up €11,535 (+93.7%), from €12,316 to €23,851
of which Trade receivables: +€8,392
- Stocks and contracts +€1,236
up €1,236 (+3.3%), from €37,052 to €38,288
- Profit (loss) carried forward -€23,381
down €23,381 (-18.2%), from -€128,702 to -€152,083
- Debts after one year +€19,441
new in 2025: €19,441
- Tax, wage and social debts +€12,984
up €12,984 (+67.2%), from €19,319 to €32,303
of which Remuneration and social security: +€9,776
- Short-term financial debts -€12,711
down €12,711 (-86.3%), from €14,728 to €2,017
- Trade debts +€11,429
up €11,429 (+53.5%), from €21,377 to €32,806
- Staff costs +€38,544
up €38,544 (+79.4%), from €48,520 to €87,064
- Gross operating margin +€9,575
up €9,575 (+16.4%), from €58,354 to €67,929
- Financial charges -€4,384
down €4,384 (-57.1%), from €7,684 to €3,300
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 | €72,154 | €84,622 | +€12,468 | +17.3% |
| Fixed assets | 21/28 | €7,007 | €6,348 | -€659 | -9.4% |
| Tangible fixed assets | 22/27 | €1,058 | €399 | -€659 | -62.3% |
| Plant, machinery and equipment | 23 | €532 | €399 | -€133 | -25.0% |
| Furniture and vehicles | 24 | €526 | - | -€526 | |
| Financial fixed assets | 28 | €5,949 | €5,949 | = | 0.0% |
| Current assets | 29/58 | €65,147 | €78,274 | +€13,127 | +20.1% |
| Stocks and contracts in progress | 3 | €37,052 | €38,288 | +€1,236 | +3.3% |
| Stocks | 30/36 | €37,052 | €38,288 | +€1,236 | +3.3% |
| Amounts receivable within one year | 40/41 | €12,316 | €23,851 | +€11,535 | +93.7% |
| Trade receivables | 40 | €12,316 | €20,708 | +€8,392 | +68.1% |
| Other amounts receivable | 41 | - | €3,143 | +€3,143 | |
| Cash at bank and in hand | 54/58 | €15,779 | €16,135 | +€356 | +2.3% |
| Total equity and liabilities | 10/49 | €72,154 | €84,622 | +€12,468 | +17.3% |
| Equity | 10/15 | -€60,556 | -€83,937 | -€23,381 | -38.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,646 | €6,646 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,113 | €2,113 | = | 0.0% |
| Distributable reserves | 133 | €1,434 | €1,434 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,702 | -€152,083 | -€23,381 | -18.2% |
| Amounts payable | 17/49 | €132,710 | €168,559 | +€35,849 | +27.0% |
| Amounts payable after more than one year | 17 | - | €19,441 | +€19,441 | |
| Financial debts | 170/4 | - | €19,441 | +€19,441 | |
| Amounts payable within one year | 42/48 | €132,710 | €149,118 | +€16,408 | +12.4% |
| Financial debts | 43 | €14,728 | €2,017 | -€12,711 | -86.3% |
| Credit institutions | 430/8 | €14,728 | €2,017 | -€12,711 | -86.3% |
| Trade debts | 44 | €21,377 | €32,806 | +€11,429 | +53.5% |
| Suppliers | 440/4 | €21,377 | €32,806 | +€11,429 | +53.5% |
| Taxes, remuneration and social security | 45 | €19,319 | €32,303 | +€12,984 | +67.2% |
| Taxes | 450/3 | €8,367 | €11,575 | +€3,208 | +38.3% |
| Remuneration and social security | 454/9 | €10,952 | €20,728 | +€9,776 | +89.3% |
| Other amounts payable | 47/48 | €77,286 | €81,992 | +€4,706 | +6.1% |
| Non-recurring operating income | 76A | €1,895 | - | -€1,895 | |
| Remuneration, social security and pensions | 62 | €48,520 | €87,064 | +€38,544 | +79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,031 | €659 | -€372 | -36.1% |
| Other operating charges | 640/8 | €663 | €290 | -€373 | -56.3% |
| Gross operating margin | 9900 | €58,354 | €67,929 | +€9,575 | +16.4% |
| Operating profit (loss) | 9901 | €8,140 | -€20,084 | -€28,224 | |
| Financial income | 75/76B | €266 | €3 | -€263 | -98.9% |
| Recurring financial income | 75 | €266 | €3 | -€263 | -98.9% |
| Financial charges | 65/66B | €7,684 | €3,300 | -€4,384 | -57.1% |
| Recurring financial charges | 65 | €7,684 | €3,300 | -€4,384 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €722 | -€23,381 | -€24,103 | |
| Profit (loss) for the period | 9904 | €722 | -€23,381 | -€24,103 | |
| Profit (loss) for the period to be appropriated | 9905 | €722 | -€23,381 | -€24,103 |
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.