LACON: 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.
LACON
Largest movements
- Tangible fixed assets +€53,151
up €53,151 (+1299.9%), from €4,089 to €57,240
of which Furniture and vehicles: +€54,065
- Receivables within one year +€17,839
up €17,839 (+148.8%), from €11,986 to €29,825
of which Trade receivables: +€16,967
- Cash +€15,239
up €15,239 (+92.2%), from €16,524 to €31,763
mainly Debts after one year (+€37,533) and Net result for the year (+€34,666)
- Debts after one year +€37,533
new in 2025: €37,533
- Reserves +€34,666
up €34,666 (+246.4%), from €14,070 to €48,736
- Current portion of long-term debt +€10,580
new in 2025: €10,580
- Tax, wage and social debts +€7,609
up €7,609 (+81.6%), from €9,330 to €16,939
- Trade debts -€4,944
down €4,944 (-87.9%), from €5,625 to €681
- Gross operating margin +€36,512
up €36,512 (+176.8%), from €20,648 to €57,160
- Depreciation +€9,132
up €9,132 (+1889.4%), from €483 to €9,616
- Taxes +€6,192
up €6,192 (+131.5%), from €4,708 to €10,900
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 | €34,025 | €119,469 | +€85,444 | +251.1% |
| Fixed assets | 21/28 | €4,089 | €57,240 | +€53,151 | +1299.9% |
| Tangible fixed assets | 22/27 | €4,089 | €57,240 | +€53,151 | +1299.9% |
| Plant, machinery and equipment | 23 | €4,089 | €3,174 | -€914 | -22.4% |
| Furniture and vehicles | 24 | - | €54,065 | +€54,065 | |
| Current assets | 29/58 | €29,936 | €62,229 | +€32,293 | +107.9% |
| Amounts receivable within one year | 40/41 | €11,986 | €29,825 | +€17,839 | +148.8% |
| Trade receivables | 40 | €10,539 | €27,506 | +€16,967 | +161.0% |
| Other amounts receivable | 41 | €1,448 | €2,319 | +€871 | +60.2% |
| Cash at bank and in hand | 54/58 | €16,524 | €31,763 | +€15,239 | +92.2% |
| Deferred charges and accrued income | 490/1 | €1,426 | €642 | -€784 | -55.0% |
| Total equity and liabilities | 10/49 | €34,025 | €119,469 | +€85,444 | +251.1% |
| Equity | 10/15 | €19,070 | €53,736 | +€34,666 | +181.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,070 | €48,736 | +€34,666 | +246.4% |
| Distributable reserves | 133 | €14,070 | €48,736 | +€34,666 | +246.4% |
| Amounts payable | 17/49 | €14,955 | €65,733 | +€50,778 | +339.5% |
| Amounts payable after more than one year | 17 | - | €37,533 | +€37,533 | |
| Financial debts | 170/4 | - | €37,533 | +€37,533 | |
| Amounts payable within one year | 42/48 | €14,955 | €28,200 | +€13,245 | +88.6% |
| Current portion of amounts payable after more than one year | 42 | - | €10,580 | +€10,580 | |
| Trade debts | 44 | €5,625 | €681 | -€4,944 | -87.9% |
| Suppliers | 440/4 | €5,625 | €681 | -€4,944 | -87.9% |
| Taxes, remuneration and social security | 45 | €9,330 | €16,939 | +€7,609 | +81.6% |
| Taxes | 450/3 | €9,330 | €16,939 | +€7,609 | +81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €483 | €9,616 | +€9,132 | +1889.4% |
| Other operating charges | 640/8 | - | €128 | +€128 | |
| Gross operating margin | 9900 | €20,648 | €57,160 | +€36,512 | +176.8% |
| Operating profit (loss) | 9901 | €20,165 | €47,417 | +€27,252 | +135.1% |
| Financial charges | 65/66B | €1,387 | €1,850 | +€463 | +33.4% |
| Recurring financial charges | 65 | €1,387 | €1,850 | +€463 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €18,778 | €45,566 | +€26,789 | +142.7% |
| Income taxes | 67/77 | €4,708 | €10,900 | +€6,192 | +131.5% |
| Profit (loss) for the period | 9904 | €14,070 | €34,666 | +€20,597 | +146.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,070 | €34,666 | +€20,597 | +146.4% |
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.