LACRABEL: 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.
LACRABEL
Largest movements
- Tangible fixed assets -€75,416
down €75,416 (-2.0%), from €3.8m to €3.7m
of which Land and buildings: -€73,537
- Receivables within one year -€69,720
down €69,720 (-99.4%), from €70,149 to €430
of which Trade receivables: -€69,867
- Other debts +€610,267
up €610,267 (+49.6%), from €1.2m to €1.8m
- Debts after one year -€400,000
down €400,000 (-19.6%), from €2.0m to €1.6m
- Profit (loss) carried forward -€234,964
down €234,964 (-93.9%), from €250,265 to €15,301
- Trade debts -€65,919
down €65,919 (-91.6%), from €71,962 to €6,044
- Financial charges +€19,173
up €19,173 (+16.4%), from €116,749 to €135,922
- Depreciation -€6,368
down €6,368 (-4.4%), from €143,692 to €137,324
- Gross operating margin -€2,416
down €2,416 (-4.2%), from €57,562 to €55,146
- Other operating charges +€2,334
up €2,334 (+20.8%), from €11,228 to €13,562
- Taxes +€856
up €856 (+34.9%), from €2,450 to €3,306
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 | €3,826,823 | €3,684,559 | -€142,264 | -3.7% |
| Fixed assets | 21/28 | €3,755,808 | €3,680,392 | -€75,416 | -2.0% |
| Tangible fixed assets | 22/27 | €3,754,390 | €3,678,974 | -€75,416 | -2.0% |
| Land and buildings | 22 | €2,771,571 | €2,698,033 | -€73,537 | -2.7% |
| Furniture and vehicles | 24 | €162,520 | €148,890 | -€13,629 | -8.4% |
| Other tangible fixed assets | 26 | €820,300 | €832,050 | +€11,751 | +1.4% |
| Financial fixed assets | 28 | €1,418 | €1,418 | = | 0.0% |
| Current assets | 29/58 | €71,015 | €4,167 | -€66,848 | -94.1% |
| Amounts receivable within one year | 40/41 | €70,149 | €430 | -€69,720 | -99.4% |
| Trade receivables | 40 | €70,149 | €283 | -€69,867 | -99.6% |
| Other amounts receivable | 41 | - | €147 | +€147 | |
| Cash at bank and in hand | 54/58 | €148 | €612 | +€464 | +314% |
| Deferred charges and accrued income | 490/1 | €718 | €3,125 | +€2,407 | +335% |
| Total equity and liabilities | 10/49 | €3,826,823 | €3,684,559 | -€142,264 | -3.7% |
| Equity | 10/15 | €270,725 | €35,761 | -€234,964 | -86.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €250,265 | €15,301 | -€234,964 | -93.9% |
| Amounts payable | 17/49 | €3,556,098 | €3,648,798 | +€92,700 | +2.6% |
| Amounts payable after more than one year | 17 | €2,040,000 | €1,640,000 | -€400,000 | -19.6% |
| Financial debts | 170/4 | €2,040,000 | €1,640,000 | -€400,000 | -19.6% |
| Amounts payable within one year | 42/48 | €1,514,658 | €2,006,456 | +€491,798 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €171,790 | €140,000 | -€31,790 | -18.5% |
| Financial debts | 43 | €12,670 | €20,454 | +€7,784 | +61.4% |
| Credit institutions | 430/8 | €12,670 | €20,454 | +€7,784 | +61.4% |
| Trade debts | 44 | €71,962 | €6,044 | -€65,919 | -91.6% |
| Suppliers | 440/4 | €71,962 | €6,044 | -€65,919 | -91.6% |
| Taxes, remuneration and social security | 45 | €29,043 | €499 | -€28,544 | -98.3% |
| Taxes | 450/3 | €29,043 | €499 | -€28,544 | -98.3% |
| Other amounts payable | 47/48 | €1,229,192 | €1,839,459 | +€610,267 | +49.6% |
| Accrued charges and deferred income | 492/3 | €1,440 | €2,342 | +€902 | +62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,692 | €137,324 | -€6,368 | -4.4% |
| Other operating charges | 640/8 | €11,228 | €13,562 | +€2,334 | +20.8% |
| Gross operating margin | 9900 | €57,562 | €55,146 | -€2,416 | -4.2% |
| Operating profit (loss) | 9901 | -€97,358 | -€95,740 | +€1,618 | +1.7% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €116,749 | €135,922 | +€19,173 | +16.4% |
| Recurring financial charges | 65 | €116,749 | €135,922 | +€19,173 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | -€214,106 | -€231,658 | -€17,552 | -8.2% |
| Income taxes | 67/77 | €2,450 | €3,306 | +€856 | +34.9% |
| Profit (loss) for the period | 9904 | -€216,557 | -€234,964 | -€18,408 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€216,557 | -€234,964 | -€18,408 | -8.5% |
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 22 October 2026 via checked.be.