LACROIX: 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.
LACROIX
Largest movements
- Receivables within one year +€93,378
up €93,378 (+833.0%), from €11,210 to €104,588
of which Other amounts receivable: +€98,731
- Cash -€49,515
down €49,515 (-58.8%), from €84,198 to €34,683
mainly Investment in fixed assets (net) (-€110,420) and Receivables within one year (-€93,378)
- Tangible fixed assets +€38,333
up €38,333 (+16.1%), from €238,118 to €276,451
of which Plant, machinery and equipment: +€29,727
- Deferred charges and accrued income +€9,616
up €9,616 (+465.4%), from €2,066 to €11,682
- Tax, wage and social debts +€89,414
up €89,414 (+66.6%), from €134,352 to €223,766
of which Taxes: +€65,531
- Reserves +€15,000
new in 2025: €15,000
- Trade debts -€13,719
down €13,719 (-15.3%), from €89,923 to €76,204
- Taxes +€49,767
up €49,767 (+100.2%), from €49,665 to €99,432
- Gross operating margin +€49,104
up €49,104 (+8.8%), from €557,735 to €606,839
- Staff costs +€44,866
up €44,866 (+13.3%), from €336,469 to €381,335
- Depreciation +€18,677
up €18,677 (+34.1%), from €54,765 to €73,442
- Other operating charges +€9,655
up €9,655 (+261.9%), from €3,687 to €13,342
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 | €406,884 | €498,898 | +€92,014 | +22.6% |
| Formation expenses | 20 | €295 | €191 | -€104 | -35.3% |
| Fixed assets | 21/28 | €270,258 | €307,341 | +€37,083 | +13.7% |
| Tangible fixed assets | 22/27 | €238,118 | €276,451 | +€38,333 | +16.1% |
| Plant, machinery and equipment | 23 | €124,574 | €154,301 | +€29,727 | +23.9% |
| Furniture and vehicles | 24 | €113,544 | €122,150 | +€8,606 | +7.6% |
| Financial fixed assets | 28 | €32,140 | €30,890 | -€1,250 | -3.9% |
| Current assets | 29/58 | €136,331 | €191,366 | +€55,036 | +40.4% |
| Stocks and contracts in progress | 3 | €38,856 | €40,413 | +€1,557 | +4.0% |
| Stocks | 30/36 | €38,856 | €40,413 | +€1,557 | +4.0% |
| Amounts receivable within one year | 40/41 | €11,210 | €104,588 | +€93,378 | +833.0% |
| Trade receivables | 40 | €9,572 | €4,219 | -€5,353 | -55.9% |
| Other amounts receivable | 41 | €1,639 | €100,370 | +€98,731 | +6024.9% |
| Cash at bank and in hand | 54/58 | €84,198 | €34,683 | -€49,515 | -58.8% |
| Deferred charges and accrued income | 490/1 | €2,066 | €11,682 | +€9,616 | +465.4% |
| Total equity and liabilities | 10/49 | €406,884 | €498,898 | +€92,014 | +22.6% |
| Equity | 10/15 | €182,247 | €198,928 | +€16,682 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €15,000 | +€15,000 | |
| Distributable reserves | 133 | - | €15,000 | +€15,000 | |
| Profit (loss) carried forward | 14 | €163,647 | €165,328 | +€1,682 | +1.0% |
| Amounts payable | 17/49 | €224,638 | €299,970 | +€75,332 | +33.5% |
| Amounts payable within one year | 42/48 | €224,638 | €299,970 | +€75,332 | +33.5% |
| Trade debts | 44 | €89,923 | €76,204 | -€13,719 | -15.3% |
| Suppliers | 440/4 | €89,923 | €76,204 | -€13,719 | -15.3% |
| Taxes, remuneration and social security | 45 | €134,352 | €223,766 | +€89,414 | +66.6% |
| Taxes | 450/3 | €101,031 | €166,562 | +€65,531 | +64.9% |
| Remuneration and social security | 454/9 | €33,320 | €57,204 | +€23,883 | +71.7% |
| Other amounts payable | 47/48 | €363 | - | -€363 | |
| Remuneration, social security and pensions | 62 | €336,469 | €381,335 | +€44,866 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,765 | €73,442 | +€18,677 | +34.1% |
| Other operating charges | 640/8 | €3,687 | €13,342 | +€9,655 | +261.9% |
| Non-recurring operating charges | 66A | €3,429 | - | -€3,429 | |
| Gross operating margin | 9900 | €557,735 | €606,839 | +€49,104 | +8.8% |
| Operating profit (loss) | 9901 | €159,385 | €138,720 | -€20,665 | -13.0% |
| Financial charges | 65/66B | €14,668 | €22,606 | +€7,938 | +54.1% |
| Recurring financial charges | 65 | €14,668 | €22,606 | +€7,938 | +54.1% |
| Profit (loss) for the period before taxes | 9903 | €144,717 | €116,114 | -€28,603 | -19.8% |
| Income taxes | 67/77 | €49,665 | €99,432 | +€49,767 | +100.2% |
| Profit (loss) for the period | 9904 | €95,051 | €16,682 | -€78,370 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €95,051 | €16,682 | -€78,370 | -82.4% |
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.