Lacina: 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.
Lacina
Largest movements
- Cash +€181,642
up €181,642 (+92.8%), from €195,728 to €377,369
mainly Net result for the year (+€96,387) and Depreciation (+€83,221)
- Tangible fixed assets -€82,127
down €82,127 (-23.8%), from €345,573 to €263,446
of which Furniture and vehicles: -€69,915
- Receivables within one year -€57,898
down €57,898 (-50.7%), from €114,099 to €56,201
of which Other amounts receivable: -€36,389
- Reserves +€95,455
up €95,455 (+38.5%), from €247,972 to €343,426
of which Distributable reserves: +€95,455
- Debts after one year -€58,750
down €58,750 (-31.1%), from €188,843 to €130,093
- Tax, wage and social debts +€21,433
up €21,433 (+139%), from €15,392 to €36,825
of which Taxes: +€21,105
- Accrued charges and deferred income -€12,896
down €12,896 (-99.9%), from €12,913 to €17
- Gross operating margin +€122,619
up €122,619 (+33.9%), from €362,065 to €484,684
- Taxes +€28,561
up €28,561 (+138%), from €20,729 to €49,290
- Depreciation +€26,314
up €26,314 (+46.2%), from €56,907 to €83,221
- Staff costs +€26,043
up €26,043 (+11.7%), from €222,351 to €248,394
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 | €678,962 | €722,202 | +€43,240 | +6.4% |
| Fixed assets | 21/28 | €345,573 | €263,446 | -€82,127 | -23.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €345,573 | €263,446 | -€82,127 | -23.8% |
| Land and buildings | 22 | €105,122 | €91,732 | -€13,390 | -12.7% |
| Plant, machinery and equipment | 23 | €11,433 | €12,611 | +€1,177 | +10.3% |
| Furniture and vehicles | 24 | €229,018 | €159,103 | -€69,915 | -30.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €333,389 | €458,756 | +€125,367 | +37.6% |
| Amounts receivable within one year | 40/41 | €114,099 | €56,201 | -€57,898 | -50.7% |
| Trade receivables | 40 | €77,681 | €56,172 | -€21,509 | -27.7% |
| Other amounts receivable | 41 | €36,418 | €29 | -€36,389 | -99.9% |
| Cash at bank and in hand | 54/58 | €195,728 | €377,369 | +€181,642 | +92.8% |
| Deferred charges and accrued income | 490/1 | €23,562 | €25,186 | +€1,624 | +6.9% |
| Total equity and liabilities | 10/49 | €678,962 | €722,202 | +€43,240 | +6.4% |
| Equity | 10/15 | €320,165 | €416,552 | +€96,387 | +30.1% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €247,972 | €343,426 | +€95,455 | +38.5% |
| Tax-exempt reserves | 132 | €28,750 | €28,750 | = | 0.0% |
| Distributable reserves | 133 | €219,222 | €314,676 | +€95,455 | +43.5% |
| Profit (loss) carried forward | 14 | €57,933 | €58,866 | +€933 | +1.6% |
| Amounts payable | 17/49 | €358,797 | €305,650 | -€53,147 | -14.8% |
| Amounts payable after more than one year | 17 | €188,843 | €130,093 | -€58,750 | -31.1% |
| Financial debts | 170/4 | €188,843 | €130,093 | -€58,750 | -31.1% |
| Amounts payable within one year | 42/48 | €157,042 | €175,540 | +€18,499 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €84,287 | €88,750 | +€4,463 | +5.3% |
| Trade debts | 44 | €23,506 | €17,092 | -€6,414 | -27.3% |
| Suppliers | 440/4 | €23,506 | €17,092 | -€6,414 | -27.3% |
| Advances received on contracts in progress | 46 | €2,299 | - | -€2,299 | |
| Taxes, remuneration and social security | 45 | €15,392 | €36,825 | +€21,433 | +139% |
| Taxes | 450/3 | €5,340 | €26,445 | +€21,105 | +395% |
| Remuneration and social security | 454/9 | €10,052 | €10,379 | +€327 | +3.3% |
| Other amounts payable | 47/48 | €31,558 | €32,874 | +€1,316 | +4.2% |
| Accrued charges and deferred income | 492/3 | €12,913 | €17 | -€12,896 | -99.9% |
| Remuneration, social security and pensions | 62 | €222,351 | €248,394 | +€26,043 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,907 | €83,221 | +€26,314 | +46.2% |
| Other operating charges | 640/8 | €2,292 | €5,908 | +€3,616 | +158% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €362,065 | €484,684 | +€122,619 | +33.9% |
| Operating profit (loss) | 9901 | €80,516 | €147,161 | +€66,645 | +82.8% |
| Financial income | 75/76B | €4,851 | €5,992 | +€1,141 | +23.5% |
| Recurring financial income | 75 | €4,851 | €5,992 | +€1,141 | +23.5% |
| Financial charges | 65/66B | €4,401 | €7,476 | +€3,074 | +69.8% |
| Recurring financial charges | 65 | €4,401 | €7,476 | +€3,074 | +69.8% |
| Profit (loss) for the period before taxes | 9903 | €80,966 | €145,678 | +€64,712 | +79.9% |
| Income taxes | 67/77 | €20,729 | €49,290 | +€28,561 | +138% |
| Profit (loss) for the period | 9904 | €60,237 | €96,387 | +€36,151 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,237 | €96,387 | +€36,151 | +60.0% |
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 15 October 2026 via checked.be.