LACOTRIMMO: 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
LACOTRIMMO
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €613,615+€404,047
Equity
€3.6m
2024 · €3.5m+€117,662
Cash
€8,193
2024 · €5,790+€2,403
Balance sheet total
€8.4m
2024 · €8.5m-€166,927
Largest movements
Assets
- Receivables within one year -€173,144
down €173,144 (-20.9%), from €827,997 to €654,853
of which Other amounts receivable: -€135,984
Equity and liabilities
- Debts after one year -€573,067
down €573,067 (-24.4%), from €2.3m to €1.8m
of which Financial debts: -€573,067
- Other debts +€253,239
up €253,239 (+13.9%), from €1.8m to €2.1m
- Reserves +€117,662
up €117,662 (+4.6%), from €2.6m to €2.7m
of which Distributable reserves: +€148,818
Income statement
- Financial income +€378,490
up €378,490 (+56.0%), from €675,534 to €1.1m
- Staff costs -€71,203
down €71,203 (-19.2%), from €370,597 to €299,394
- Gross operating margin -€36,650
down €36,650 (-8.4%), from €437,164 to €400,514
- Depreciation +€17,013
up €17,013 (+24.0%), from €70,970 to €87,983
- Financial charges -€9,796
down €9,796 (-17.1%), from €57,351 to €47,555
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
€613,615
Gross operating margin
-€36,650
Staff costs
+€71,203
Depreciation
-€17,013
Other operating charges
-€1,874
Financial income
+€378,490
Financial charges
+€9,796
Deferred taxes and other
+€96
Result 2025
€1.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.6m
Investment
-€92,109
Financing
-€1.5m
Cash 2024
€5,790
From operations (derived)
+€1.6m
Net result for the year
+€1.0m
Depreciation
+€87,983
Receivables within one year
+€173,144
Smaller working-capital items
+€2,300
Provisions
-€10,385
Trade debts
-€29,973
Tax, wage and social debts
+€65,775
Other debts
+€253,239
Investment (derived)
-€92,109
Investment in fixed assets (net)
-€92,109
Financing
-€1.5m
Debts after one year
-€573,067
Current portion of long-term debt
+€7,834
Contributions, distributions and other
-€900,000
Cash 2025
€8,193
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,522,362 | €8,355,435 | -€166,927 | -2.0% |
| Fixed assets | 21/28 | €7,685,950 | €7,690,076 | +€4,126 | +0.1% |
| Tangible fixed assets | 22/27 | €1,056,593 | €1,068,154 | +€11,561 | +1.1% |
| Land and buildings | 22 | €1,052,525 | €1,061,704 | +€9,180 | +0.9% |
| Furniture and vehicles | 24 | €4,068 | €6,450 | +€2,382 | +58.5% |
| Financial fixed assets | 28 | €6,629,358 | €6,621,922 | -€7,436 | -0.1% |
| Current assets | 29/58 | €836,412 | €665,359 | -€171,053 | -20.5% |
| Amounts receivable within one year | 40/41 | €827,997 | €654,853 | -€173,144 | -20.9% |
| Trade receivables | 40 | €73,944 | €36,784 | -€37,160 | -50.3% |
| Other amounts receivable | 41 | €754,053 | €618,069 | -€135,984 | -18.0% |
| Cash at bank and in hand | 54/58 | €5,790 | €8,193 | +€2,403 | +41.5% |
| Deferred charges and accrued income | 490/1 | €2,625 | €2,314 | -€311 | -11.9% |
| Total equity and liabilities | 10/49 | €8,522,362 | €8,355,435 | -€166,927 | -2.0% |
| Equity | 10/15 | €3,478,504 | €3,596,166 | +€117,662 | +3.4% |
| Contributions | 10/11 | €920,000 | €920,000 | = | 0.0% |
| Capital | 10 | €920,000 | €920,000 | = | 0.0% |
| Issued capital | 100 | €920,000 | €920,000 | = | 0.0% |
| Reserves | 13 | €2,558,504 | €2,676,166 | +€117,662 | +4.6% |
| Non-distributable reserves | 130/1 | €92,000 | €92,000 | = | 0.0% |
| Legal reserve | 130 | €92,000 | €92,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €345,792 | €314,635 | -€31,156 | -9.0% |
| Distributable reserves | 133 | €2,120,713 | €2,269,531 | +€148,818 | +7.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €115,264 | €104,878 | -€10,385 | -9.0% |
| Deferred taxes | 168 | €115,264 | €104,878 | -€10,385 | -9.0% |
| Amounts payable | 17/49 | €4,928,594 | €4,654,391 | -€274,203 | -5.6% |
| Amounts payable after more than one year | 17 | €2,349,978 | €1,776,912 | -€573,067 | -24.4% |
| Financial debts | 170/4 | €2,349,978 | €1,776,912 | -€573,067 | -24.4% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,577,503 | €2,874,378 | +€296,875 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €565,233 | €573,067 | +€7,834 | +1.4% |
| Trade debts | 44 | €84,260 | €54,287 | -€29,973 | -35.6% |
| Suppliers | 440/4 | €84,260 | €54,287 | -€29,973 | -35.6% |
| Taxes, remuneration and social security | 45 | €102,024 | €167,799 | +€65,775 | +64.5% |
| Taxes | 450/3 | €67,974 | €118,409 | +€50,435 | +74.2% |
| Remuneration and social security | 454/9 | €34,050 | €49,390 | +€15,340 | +45.1% |
| Other amounts payable | 47/48 | €1,825,986 | €2,079,224 | +€253,239 | +13.9% |
| Accrued charges and deferred income | 492/3 | €1,113 | €3,102 | +€1,989 | +179% |
| Non-recurring operating income | 76A | €15,000 | €0 | -€15,000 | -100% |
| Remuneration, social security and pensions | 62 | €370,597 | €299,394 | -€71,203 | -19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,970 | €87,983 | +€17,013 | +24.0% |
| Other operating charges | 640/8 | €10,455 | €12,329 | +€1,874 | +17.9% |
| Gross operating margin | 9900 | €437,164 | €400,514 | -€36,650 | -8.4% |
| Operating profit (loss) | 9901 | -€14,857 | €807 | +€15,665 | |
| Financial income | 75/76B | €675,534 | €1,054,024 | +€378,490 | +56.0% |
| Recurring financial income | 75 | €675,534 | €1,054,024 | +€378,490 | +56.0% |
| Financial charges | 65/66B | €57,351 | €47,555 | -€9,796 | -17.1% |
| Recurring financial charges | 65 | €57,351 | €47,555 | -€9,796 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €603,325 | €1,007,276 | +€403,951 | +67.0% |
| Transfer from deferred taxes | 780 | €10,290 | €10,385 | +€96 | +0.9% |
| Profit (loss) for the period | 9904 | €613,615 | €1,017,662 | +€404,047 | +65.8% |
| Transfer from tax-exempt reserves | 789 | €30,869 | €31,156 | +€287 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €644,485 | €1,048,818 | +€404,334 | +62.7% |
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 23 October 2026 via checked.be.