LACERTUS: what changed
Two fiscal 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.
LACERTUS
Largest movements
- Cash -€58,529
down €58,529 (-21.6%), from €271,267 to €212,738
mainly Contributions, distributions and other (-€73,791) and Investment in fixed assets (net) (-€37,546)
- Tangible fixed assets +€25,720
up €25,720 (+16.1%), from €159,699 to €185,419
of which Furniture and vehicles: +€30,887
- Current investments +€17,031
up €17,031 (+28.4%), from €60,000 to €77,031
- Reserves -€17,681
down €17,681 (-3.5%), from €510,021 to €492,340
- Other debts +€15,288
up €15,288 (+25.0%), from €61,115 to €76,403
- Debts after one year -€9,200
down €9,200 (-19.7%), from €46,766 to €37,566
- Financial income -€20,809
down €20,809 (-80.2%), from €25,943 to €5,134
- Gross operating margin +€7,476
up €7,476 (+9.4%), from €79,311 to €86,787
- Depreciation +€6,659
up €6,659 (+128.9%), from €5,167 to €11,826
- Taxes -€1,341
down €1,341 (-5.9%), from €22,603 to €21,262
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.
Cash bridge derived
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 | €660,245 | €644,939 | -€15,306 | -2.3% |
| Fixed assets | 21/28 | €311,717 | €337,437 | +€25,720 | +8.3% |
| Tangible fixed assets | 22/27 | €159,699 | €185,419 | +€25,720 | +16.1% |
| Land and buildings | 22 | €159,699 | €154,532 | -€5,167 | -3.2% |
| Furniture and vehicles | 24 | - | €30,887 | +€30,887 | |
| Financial fixed assets | 28 | €152,019 | €152,019 | = | 0.0% |
| Current assets | 29/58 | €348,528 | €307,501 | -€41,026 | -11.8% |
| Amounts receivable within one year | 40/41 | €14,702 | €16,178 | +€1,476 | +10.0% |
| Trade receivables | 40 | €14,702 | €15,076 | +€374 | +2.5% |
| Other amounts receivable | 41 | €0 | €1,102 | +€1,102 | |
| Current investments | 50/53 | €60,000 | €77,031 | +€17,031 | +28.4% |
| Cash at bank and in hand | 54/58 | €271,267 | €212,738 | -€58,529 | -21.6% |
| Deferred charges and accrued income | 490/1 | €2,558 | €1,554 | -€1,005 | -39.3% |
| Total equity and liabilities | 10/49 | €660,245 | €644,939 | -€15,306 | -2.3% |
| Equity | 10/15 | €528,621 | €510,940 | -€17,681 | -3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €510,021 | €492,340 | -€17,681 | -3.5% |
| Distributable reserves | 133 | €510,021 | €492,340 | -€17,681 | -3.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €131,623 | €133,998 | +€2,375 | +1.8% |
| Amounts payable after more than one year | 17 | €46,766 | €37,566 | -€9,200 | -19.7% |
| Financial debts | 170/4 | €46,766 | €37,566 | -€9,200 | -19.7% |
| Amounts payable within one year | 42/48 | €84,857 | €96,432 | +€11,575 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €9,200 | €9,200 | = | 0.0% |
| Trade debts | 44 | €46 | €1,010 | +€964 | +2096.1% |
| Suppliers | 440/4 | €46 | €1,010 | +€964 | +2096.1% |
| Taxes, remuneration and social security | 45 | €14,496 | €9,819 | -€4,678 | -32.3% |
| Taxes | 450/3 | €11,811 | €7,099 | -€4,713 | -39.9% |
| Remuneration and social security | 454/9 | €2,685 | €2,720 | +€35 | +1.3% |
| Other amounts payable | 47/48 | €61,115 | €76,403 | +€15,288 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,167 | €11,826 | +€6,659 | +128.9% |
| Other operating charges | 640/8 | €2,038 | €2,102 | +€63 | +3.1% |
| Gross operating margin | 9900 | €79,311 | €86,787 | +€7,476 | +9.4% |
| Operating profit (loss) | 9901 | €72,105 | €72,860 | +€755 | +1.0% |
| Financial income | 75/76B | €25,943 | €5,134 | -€20,809 | -80.2% |
| Recurring financial income | 75 | €25,943 | €5,134 | -€20,809 | -80.2% |
| Financial charges | 65/66B | €776 | €621 | -€155 | -19.9% |
| Recurring financial charges | 65 | €776 | €621 | -€155 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €97,272 | €77,372 | -€19,900 | -20.5% |
| Income taxes | 67/77 | €22,603 | €21,262 | -€1,341 | -5.9% |
| Profit (loss) for the period | 9904 | €74,669 | €56,110 | -€18,559 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,669 | €56,110 | -€18,559 | -24.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.