LACOS: 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.
LACOS
Largest movements
- Cash -€54,457
down €54,457 (-50.3%), from €108,319 to €53,862
mainly Investment in fixed assets (net) (-€26,269) and Debts after one year (-€21,714)
- Receivables within one year +€21,427
up €21,427 (+295%), from €7,267 to €28,694
of which Trade receivables: +€11,612
- Tangible fixed assets +€15,072
up €15,072 (+19.7%), from €76,548 to €91,620
of which Furniture and vehicles: +€9,432
- Debts after one year -€21,714
down €21,714 (-92.1%), from €23,566 to €1,852
- Trade debts +€5,564
up €5,564 (+28.6%), from €19,428 to €24,992
- Tax, wage and social debts -€3,711
no longer reported in 2025 (was €3,711)
of which Remuneration and social security: -€3,505
- Gross operating margin -€26,003
down €26,003 (-53.5%), from €48,612 to €22,610
- Taxes -€6,965
down €6,965 (-83.4%), from €8,347 to €1,383
- Depreciation -€5,968
down €5,968 (-34.8%), from €17,165 to €11,197
- Financial income -€2,264
down €2,264 (-83.0%), from €2,728 to €464
- Financial charges -€815
down €815 (-30.1%), from €2,709 to €1,894
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 | €193,550 | €175,663 | -€17,887 | -9.2% |
| Fixed assets | 21/28 | €76,548 | €91,620 | +€15,072 | +19.7% |
| Tangible fixed assets | 22/27 | €76,548 | €91,620 | +€15,072 | +19.7% |
| Land and buildings | 22 | €37,683 | €40,012 | +€2,329 | +6.2% |
| Plant, machinery and equipment | 23 | - | €3,597 | +€3,597 | |
| Furniture and vehicles | 24 | €37,665 | €47,096 | +€9,432 | +25.0% |
| Other tangible fixed assets | 26 | €1,201 | €915 | -€286 | -23.8% |
| Current assets | 29/58 | €117,002 | €84,043 | -€32,959 | -28.2% |
| Amounts receivable within one year | 40/41 | €7,267 | €28,694 | +€21,427 | +295% |
| Trade receivables | 40 | €7,003 | €18,616 | +€11,612 | +166% |
| Other amounts receivable | 41 | €264 | €10,078 | +€9,814 | +3,717% |
| Cash at bank and in hand | 54/58 | €108,319 | €53,862 | -€54,457 | -50.3% |
| Deferred charges and accrued income | 490/1 | €1,416 | €1,487 | +€71 | +5.0% |
| Total equity and liabilities | 10/49 | €193,550 | €175,663 | -€17,887 | -9.2% |
| Equity | 10/15 | €111,423 | €112,972 | +€1,549 | +1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105,223 | €106,772 | +€1,549 | +1.5% |
| Tax-exempt reserves | 132 | €15,461 | €15,461 | = | 0.0% |
| Distributable reserves | 133 | €89,762 | €91,311 | +€1,549 | +1.7% |
| Amounts payable | 17/49 | €82,127 | €62,691 | -€19,436 | -23.7% |
| Amounts payable after more than one year | 17 | €23,566 | €1,852 | -€21,714 | -92.1% |
| Financial debts | 170/4 | €23,566 | €1,852 | -€21,714 | -92.1% |
| Amounts payable within one year | 42/48 | €58,505 | €60,804 | +€2,299 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €20,809 | €21,714 | +€905 | +4.3% |
| Trade debts | 44 | €19,428 | €24,992 | +€5,564 | +28.6% |
| Suppliers | 440/4 | €19,428 | €24,992 | +€5,564 | +28.6% |
| Taxes, remuneration and social security | 45 | €3,711 | - | -€3,711 | |
| Taxes | 450/3 | €206 | - | -€206 | |
| Remuneration and social security | 454/9 | €3,505 | - | -€3,505 | |
| Other amounts payable | 47/48 | €14,556 | €14,098 | -€458 | -3.1% |
| Accrued charges and deferred income | 492/3 | €56 | €35 | -€21 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,165 | €11,197 | -€5,968 | -34.8% |
| Other operating charges | 640/8 | €2,402 | €2,698 | +€296 | +12.3% |
| Non-recurring operating charges | 66A | - | €4,354 | +€4,354 | |
| Gross operating margin | 9900 | €48,612 | €22,610 | -€26,003 | -53.5% |
| Operating profit (loss) | 9901 | €29,045 | €4,361 | -€24,684 | -85.0% |
| Financial income | 75/76B | €2,728 | €464 | -€2,264 | -83.0% |
| Recurring financial income | 75 | €2,728 | €464 | -€2,264 | -83.0% |
| Financial charges | 65/66B | €2,709 | €1,894 | -€815 | -30.1% |
| Recurring financial charges | 65 | €2,709 | €1,894 | -€815 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €29,064 | €2,931 | -€26,133 | -89.9% |
| Income taxes | 67/77 | €8,347 | €1,383 | -€6,965 | -83.4% |
| Profit (loss) for the period | 9904 | €20,717 | €1,549 | -€19,168 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,717 | €1,549 | -€19,168 | -92.5% |
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 18 October 2026 via checked.be.