LACROIX BRUNO: 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.
LACROIX BRUNO
Largest movements
- Tangible fixed assets -€78,353
down €78,353 (-9.6%), from €818,728 to €740,375
of which Land and buildings: -€42,177
- Cash +€27,523
up €27,523 (+75.4%), from €36,516 to €64,040
mainly Net result for the year (+€130,629) and Depreciation (+€54,999)
- Other debts -€161,760
down €161,760 (-60.8%), from €266,005 to €104,245
- Reserves +€138,734
up €138,734 (+115%), from €120,341 to €259,075
of which Tax-exempt reserves: +€98,734
- Debts after one year -€74,112
down €74,112 (-22.4%), from €331,371 to €257,258
- Provisions +€32,911
up €32,911 (+140%), from €23,447 to €56,358
- Tax, wage and social debts +€10,864
up €10,864 (+429%), from €2,533 to €13,397
- Gross operating margin +€148,481
up €148,481 (+131%), from €113,241 to €261,722
- Depreciation -€15,076
down €15,076 (-21.5%), from €70,075 to €54,999
- Taxes +€8,331
up €8,331 (+329%), from €2,533 to €10,864
- Financial charges -€3,251
down €3,251 (-20.7%), from €15,698 to €12,447
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 | €862,605 | €808,804 | -€53,802 | -6.2% |
| Fixed assets | 21/28 | €818,728 | €740,375 | -€78,353 | -9.6% |
| Tangible fixed assets | 22/27 | €818,728 | €740,375 | -€78,353 | -9.6% |
| Land and buildings | 22 | €593,828 | €551,650 | -€42,177 | -7.1% |
| Plant, machinery and equipment | 23 | €224,901 | €188,725 | -€36,176 | -16.1% |
| Current assets | 29/58 | €43,877 | €68,428 | +€24,551 | +56.0% |
| Amounts receivable within one year | 40/41 | €2,979 | - | -€2,979 | |
| Other amounts receivable | 41 | €2,979 | - | -€2,979 | |
| Cash at bank and in hand | 54/58 | €36,516 | €64,040 | +€27,523 | +75.4% |
| Deferred charges and accrued income | 490/1 | €4,382 | €4,389 | +€7 | +0.2% |
| Total equity and liabilities | 10/49 | €862,605 | €808,804 | -€53,802 | -6.2% |
| Equity | 10/15 | €157,738 | €287,269 | +€129,531 | +82.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €120,341 | €259,075 | +€138,734 | +115% |
| Tax-exempt reserves | 132 | €70,341 | €169,075 | +€98,734 | +140% |
| Distributable reserves | 133 | €50,000 | €90,000 | +€40,000 | +80.0% |
| Profit (loss) carried forward | 14 | €10,014 | €1,908 | -€8,105 | -80.9% |
| Investment grants | 15 | €8,783 | €7,685 | -€1,098 | -12.5% |
| Provisions and deferred taxes | 16 | €23,447 | €56,358 | +€32,911 | +140% |
| Deferred taxes | 168 | €23,447 | €56,358 | +€32,911 | +140% |
| Amounts payable | 17/49 | €681,421 | €465,176 | -€216,245 | -31.7% |
| Amounts payable after more than one year | 17 | €331,371 | €257,258 | -€74,112 | -22.4% |
| Financial debts | 170/4 | €331,371 | €257,258 | -€74,112 | -22.4% |
| Amounts payable within one year | 42/48 | €350,050 | €207,918 | -€142,132 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €71,530 | €74,138 | +€2,608 | +3.6% |
| Trade debts | 44 | €9,982 | €16,137 | +€6,155 | +61.7% |
| Suppliers | 440/4 | €9,982 | €16,137 | +€6,155 | +61.7% |
| Taxes, remuneration and social security | 45 | €2,533 | €13,397 | +€10,864 | +429% |
| Taxes | 450/3 | €2,533 | €13,397 | +€10,864 | +429% |
| Other amounts payable | 47/48 | €266,005 | €104,245 | -€161,760 | -60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,075 | €54,999 | -€15,076 | -21.5% |
| Other operating charges | 640/8 | €19,397 | €20,970 | +€1,572 | +8.1% |
| Gross operating margin | 9900 | €113,241 | €261,722 | +€148,481 | +131% |
| Operating profit (loss) | 9901 | €23,769 | €185,754 | +€161,985 | +681% |
| Financial income | 75/76B | €1,226 | €1,098 | -€128 | -10.4% |
| Recurring financial income | 75 | €1,226 | €1,098 | -€128 | -10.4% |
| Financial charges | 65/66B | €15,698 | €12,447 | -€3,251 | -20.7% |
| Recurring financial charges | 65 | €15,698 | €12,447 | -€3,251 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €9,297 | €174,405 | +€165,108 | +1,776% |
| Transfer to deferred taxes | 680 | - | €32,911 | +€32,911 | |
| Income taxes | 67/77 | €2,533 | €10,864 | +€8,331 | +329% |
| Profit (loss) for the period | 9904 | €6,763 | €130,629 | +€123,866 | +1,831% |
| Transfer to tax-exempt reserves | 689 | - | €98,734 | +€98,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,763 | €31,895 | +€25,131 | +372% |
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 29 October 2026 via checked.be.