LACO: 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.
What changed
LACO
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€72,151
2024 · €113,926-€186,077
Equity
€600,012
2024 · €672,163-€72,151
Cash
€364,640
2024 · €645,159-€280,520
Balance sheet total
€4.3m
2024 · €4.2m+€82,382
Largest movements
Assets
- Receivables within one year +€860,515
up €860,515 (+35.4%), from €2.4m to €3.3m
of which Other amounts receivable: +€1.2m
- Receivables after one year -€527,464
no longer reported in 2025 (was €527,464)
- Cash -€280,520
down €280,520 (-43.5%), from €645,159 to €364,640
mainly Receivables within one year (-€860,515) and Investment in fixed assets (net) (-€170,996)
- Intangible fixed assets +€80,428
up €80,428 (+52.2%), from €154,189 to €234,617
- Formation expenses -€44,379
down €44,379 (-54.0%), from €82,254 to €37,875
Equity and liabilities
- Accrued charges and deferred income +€182,437
up €182,437 (+284.3%), from €64,177 to €246,615
- Tax, wage and social debts -€104,407
down €104,407 (-7.3%), from €1.4m to €1.3m
of which Remuneration and social security: -€161,351
- Short-term financial debts +€87,079
up €87,079 (+12.9%), from €676,740 to €763,819
- Profit (loss) carried forward -€72,151
down €72,151, from €28,663 to -€43,488
Income statement
- Goods and materials -€1.4m
down €1.4m (-17.4%), from €7.8m to €6.4m
- Turnover -€982,192
down €982,192 (-5.7%), from €17.2m to €16.2m
- Services and other goods +€604,920
up €604,920 (+26.3%), from €2.3m to €2.9m
- Staff costs +€301,463
up €301,463 (+4.4%), from €6.9m to €7.2m
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.
Result 2024
€113,926
Turnover
-€982,192
Other operating income
+€104,143
Goods and materials
+€1.4m
Services and other goods
-€604,920
Staff costs
-€301,463
Depreciation
+€34,041
Other operating charges
+€11,643
Other operating items
+€144,815
Financial income
+€13,854
Financial charges
-€5,775
Taxes
+€46,247
Result 2025
-€72,151
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.
From operations
-€195,631
Investment
-€171,968
Financing
+€87,079
Cash 2024
€645,159
From operations (derived)
-€195,631
Net result for the year
-€72,151
Depreciation
+€146,702
Receivables after one year
+€527,464
Receivables within one year
-€860,515
Deferred charges and accrued income
-€4,585
Trade debts
-€10,577
Tax, wage and social debts
-€104,407
Accrued charges and deferred income
+€182,437
Investment (derived)
-€171,968
Investment in fixed assets (net)
-€170,996
Current investments
-€971
Financing
+€87,079
Short-term financial debts
+€87,079
Cash 2025
€364,640
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,247,757 | €4,330,138 | +€82,382 | +1.9% |
| Formation expenses | 20 | €82,254 | €37,875 | -€44,379 | -54.0% |
| Fixed assets | 21/28 | €436,501 | €505,175 | +€68,674 | +15.7% |
| Intangible fixed assets | 21 | €154,189 | €234,617 | +€80,428 | +52.2% |
| Tangible fixed assets | 22/27 | €210,411 | €206,547 | -€3,864 | -1.8% |
| Land and buildings | 22 | €100,697 | €89,587 | -€11,110 | -11.0% |
| Plant, machinery and equipment | 23 | €41,194 | €71,565 | +€30,372 | +73.7% |
| Furniture and vehicles | 24 | €68,521 | €45,395 | -€23,126 | -33.7% |
| Financial fixed assets | 28 | €71,900 | €64,010 | -€7,890 | -11.0% |
| Other financial fixed assets | 284/8 | €71,900 | €64,010 | -€7,890 | -11.0% |
| Amounts receivable and cash guarantees | 285/8 | €71,900 | €64,010 | -€7,890 | -11.0% |
| Current assets | 29/58 | €3,729,001 | €3,787,089 | +€58,088 | +1.6% |
| Amounts receivable after more than one year | 29 | €527,464 | - | -€527,464 | |
| Other amounts receivable | 291 | €527,464 | - | -€527,464 | |
| Amounts receivable within one year | 40/41 | €2,432,503 | €3,293,018 | +€860,515 | +35.4% |
| Trade receivables | 40 | €2,351,774 | €1,979,391 | -€372,383 | -15.8% |
| Other amounts receivable | 41 | €80,729 | €1,313,627 | +€1.2m | +1527.2% |
| Current investments | 50/53 | €9,196 | €10,167 | +€971 | +10.6% |
| Other investments | 51/53 | €9,196 | €10,167 | +€971 | +10.6% |
| Cash at bank and in hand | 54/58 | €645,159 | €364,640 | -€280,520 | -43.5% |
| Deferred charges and accrued income | 490/1 | €114,678 | €119,263 | +€4,585 | +4.0% |
| Total equity and liabilities | 10/49 | €4,247,757 | €4,330,138 | +€82,382 | +1.9% |
| Equity | 10/15 | €672,163 | €600,012 | -€72,151 | -10.7% |
| Contributions | 10/11 | €585,000 | €585,000 | = | 0.0% |
| Capital | 10 | €535,000 | €535,000 | = | 0.0% |
| Issued capital | 100 | €535,000 | €535,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Share premium | 1100/10 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €58,500 | €58,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €58,500 | €58,500 | = | 0.0% |
| Legal reserve | 130 | €58,500 | €58,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,663 | -€43,488 | -€72,151 | |
| Amounts payable | 17/49 | €3,575,593 | €3,730,126 | +€154,533 | +4.3% |
| Amounts payable within one year | 42/48 | €3,511,416 | €3,483,511 | -€27,905 | -0.8% |
| Financial debts | 43 | €676,740 | €763,819 | +€87,079 | +12.9% |
| Credit institutions | 430/8 | €676,740 | €763,819 | +€87,079 | +12.9% |
| Trade debts | 44 | €1,396,722 | €1,386,145 | -€10,577 | -0.8% |
| Suppliers | 440/4 | €1,396,722 | €1,386,145 | -€10,577 | -0.8% |
| Taxes, remuneration and social security | 45 | €1,437,954 | €1,333,547 | -€104,407 | -7.3% |
| Taxes | 450/3 | €422,454 | €479,398 | +€56,944 | +13.5% |
| Remuneration and social security | 454/9 | €1,015,499 | €854,149 | -€161,351 | -15.9% |
| Accrued charges and deferred income | 492/3 | €64,177 | €246,615 | +€182,437 | +284.3% |
| Operating income | 70/76A | €17,486,161 | €16,752,927 | -€733,234 | -4.2% |
| Turnover | 70 | €17,172,562 | €16,190,369 | -€982,192 | -5.7% |
| Own construction capitalised | 72 | - | €123,314 | +€123,314 | |
| Other operating income | 74 | €293,208 | €397,351 | +€104,143 | +35.5% |
| Non-recurring operating income | 76A | €20,392 | €41,893 | +€21,501 | +105.4% |
| Operating charges | 60/66A | €17,249,771 | €16,756,940 | -€492,831 | -2.9% |
| Goods for resale, raw materials and consumables | 60 | €7,778,824 | €6,425,295 | -€1.4m | -17.4% |
| Purchases | 600/8 | €7,778,824 | €6,425,295 | -€1.4m | -17.4% |
| Services and other goods | 61 | €2,296,722 | €2,901,641 | +€604,920 | +26.3% |
| Remuneration, social security and pensions | 62 | €6,924,504 | €7,225,967 | +€301,463 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,743 | €146,702 | -€34,041 | -18.8% |
| Other operating charges | 640/8 | €68,978 | €57,335 | -€11,643 | -16.9% |
| Operating profit (loss) | 9901 | €236,390 | -€4,013 | -€240,403 | |
| Financial income | 75/76B | €28,588 | €42,442 | +€13,854 | +48.5% |
| Recurring financial income | 75 | €28,588 | €42,442 | +€13,854 | +48.5% |
| Income from current assets | 751 | €22,726 | €23,132 | +€406 | +1.8% |
| Other financial income | 752/9 | €5,862 | €19,309 | +€13,447 | +229.4% |
| Financial charges | 65/66B | €61,750 | €67,525 | +€5,775 | +9.4% |
| Recurring financial charges | 65 | €60,626 | €67,525 | +€6,899 | +11.4% |
| Debt charges | 650 | €49,478 | €51,125 | +€1,648 | +3.3% |
| Other financial charges | 652/9 | €11,148 | €16,400 | +€5,251 | +47.1% |
| Non-recurring financial charges | 66B | €1,124 | - | -€1,124 | |
| Profit (loss) for the period before taxes | 9903 | €203,228 | -€29,097 | -€232,324 | |
| Income taxes | 67/77 | €89,301 | €43,054 | -€46,247 | -51.8% |
| Taxes | 670/3 | €89,301 | €43,054 | -€46,247 | -51.8% |
| Profit (loss) for the period | 9904 | €113,926 | -€72,151 | -€186,077 | |
| Profit (loss) for the period to be appropriated | 9905 | €113,926 | -€72,151 | -€186,077 |
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 11 October 2026 via checked.be.