LACREMI: 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.
LACREMI
Largest movements
- Cash -€84,045
down €84,045 (-43.2%), from €194,436 to €110,391
mainly Contributions, distributions and other (-€125,000) and Tax, wage and social debts (-€34,429)
- Tangible fixed assets -€40,767
down €40,767 (-24.1%), from €169,264 to €128,496
of which Plant, machinery and equipment: -€38,536
- Intangible fixed assets -€15,000
down €15,000 (-19.0%), from €79,000 to €64,000
- Receivables within one year +€14,452
up €14,452 (+55.6%), from €26,010 to €40,462
of which Other amounts receivable: +€18,097
- Stocks and contracts +€7,870
up €7,870 (+172%), from €4,583 to €12,452
- Reserves -€91,000
down €91,000 (-31.8%), from €286,000 to €195,000
- Tax, wage and social debts -€34,429
down €34,429 (-35.0%), from €98,503 to €64,075
of which Taxes: -€34,534
- Current portion of long-term debt -€28,000
no longer reported in 2025 (was €28,000)
- Trade debts +€22,793
up €22,793 (+36.6%), from €62,257 to €85,050
- Other debts +€17,348
up €17,348 (+7,370%), from €235 to €17,583
- Gross operating margin -€114,704
down €114,704 (-14.5%), from €790,562 to €675,858
- Taxes -€32,825
down €32,825 (-67.5%), from €48,650 to €15,825
- Staff costs -€24,576
down €24,576 (-4.3%), from €567,159 to €542,583
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 | €483,552 | €370,604 | -€112,948 | -23.4% |
| Fixed assets | 21/28 | €258,524 | €202,756 | -€55,767 | -21.6% |
| Intangible fixed assets | 21 | €79,000 | €64,000 | -€15,000 | -19.0% |
| Tangible fixed assets | 22/27 | €169,264 | €128,496 | -€40,767 | -24.1% |
| Plant, machinery and equipment | 23 | €143,430 | €104,895 | -€38,536 | -26.9% |
| Furniture and vehicles | 24 | €25,833 | €23,602 | -€2,232 | -8.6% |
| Financial fixed assets | 28 | €10,260 | €10,260 | = | 0.0% |
| Current assets | 29/58 | €225,028 | €167,848 | -€57,181 | -25.4% |
| Stocks and contracts in progress | 3 | €4,583 | €12,452 | +€7,870 | +172% |
| Stocks | 30/36 | €4,583 | €12,452 | +€7,870 | +172% |
| Amounts receivable within one year | 40/41 | €26,010 | €40,462 | +€14,452 | +55.6% |
| Trade receivables | 40 | €25,507 | €21,862 | -€3,645 | -14.3% |
| Other amounts receivable | 41 | €503 | €18,600 | +€18,097 | +3,596% |
| Cash at bank and in hand | 54/58 | €194,436 | €110,391 | -€84,045 | -43.2% |
| Deferred charges and accrued income | 490/1 | - | €4,542 | +€4,542 | |
| Total equity and liabilities | 10/49 | €483,552 | €370,604 | -€112,948 | -23.4% |
| Equity | 10/15 | €294,557 | €203,896 | -€90,660 | -30.8% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €286,000 | €195,000 | -€91,000 | -31.8% |
| Distributable reserves | 133 | €286,000 | €195,000 | -€91,000 | -31.8% |
| Profit (loss) carried forward | 14 | €2,057 | €2,396 | +€340 | +16.5% |
| Amounts payable | 17/49 | €188,996 | €166,708 | -€22,288 | -11.8% |
| Amounts payable within one year | 42/48 | €188,996 | €166,708 | -€22,288 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €28,000 | - | -€28,000 | |
| Trade debts | 44 | €62,257 | €85,050 | +€22,793 | +36.6% |
| Suppliers | 440/4 | €62,257 | €85,050 | +€22,793 | +36.6% |
| Taxes, remuneration and social security | 45 | €98,503 | €64,075 | -€34,429 | -35.0% |
| Taxes | 450/3 | €93,483 | €58,949 | -€34,534 | -36.9% |
| Remuneration and social security | 454/9 | €5,021 | €5,126 | +€105 | +2.1% |
| Other amounts payable | 47/48 | €235 | €17,583 | +€17,348 | +7,370% |
| Remuneration, social security and pensions | 62 | €567,159 | €542,583 | -€24,576 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,250 | €70,484 | +€234 | +0.3% |
| Other operating charges | 640/8 | €1,832 | €4,039 | +€2,207 | +121% |
| Gross operating margin | 9900 | €790,562 | €675,858 | -€114,704 | -14.5% |
| Operating profit (loss) | 9901 | €151,321 | €58,751 | -€92,571 | -61.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €10,762 | €8,586 | -€2,176 | -20.2% |
| Recurring financial charges | 65 | €10,762 | €8,586 | -€2,176 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €140,559 | €50,165 | -€90,395 | -64.3% |
| Income taxes | 67/77 | €48,650 | €15,825 | -€32,825 | -67.5% |
| Profit (loss) for the period | 9904 | €91,909 | €34,340 | -€57,569 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €91,909 | €34,340 | -€57,569 | -62.6% |
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 15 October 2026 via checked.be.