LACROIX MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€128,243
down €128,243 (-38.8%), from €330,587 to €202,345
of which Trade receivables: -€135,723
- Cash +€59,898
up €59,898 (+113%), from €52,965 to €112,864
mainly Receivables within one year (+€128,243) and Other debts (+€65,000)
- Profit (loss) carried forward -€835,062
down €835,062 (-100%), from €835,062 to €0
- Reserves +€742,264
up €742,264 (+163%), from €456,545 to €1.2m
of which Distributable reserves: +€742,264
- Other debts +€65,000
new in 2025: €65,000
- Trade debts -€44,866
down €44,866 (-85.6%), from €52,413 to €7,547
- Staff costs +€17,455
up €17,455 (+61.6%), from €28,330 to €45,785
- Financial income +€10,759
up €10,759 (+61.5%), from €17,495 to €28,254
- Financial charges +€9,867
up €9,867 (+361%), from €2,736 to €12,603
- Other operating charges -€6,075
down €6,075 (-66.3%), from €9,168 to €3,093
- Depreciation -€1,994
down €1,994 (-11.5%), from €17,281 to €15,287
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 | €1,474,848 | €1,399,539 | -€75,310 | -5.1% |
| Fixed assets | 21/28 | €483,137 | €475,790 | -€7,347 | -1.5% |
| Tangible fixed assets | 22/27 | €483,137 | €475,790 | -€7,347 | -1.5% |
| Land and buildings | 22 | €473,069 | €468,945 | -€4,124 | -0.9% |
| Plant, machinery and equipment | 23 | €5,342 | €3,716 | -€1,626 | -30.4% |
| Furniture and vehicles | 24 | €4,726 | €3,129 | -€1,597 | -33.8% |
| Current assets | 29/58 | €991,712 | €923,749 | -€67,963 | -6.9% |
| Amounts receivable within one year | 40/41 | €330,587 | €202,345 | -€128,243 | -38.8% |
| Trade receivables | 40 | €286,196 | €150,473 | -€135,723 | -47.4% |
| Other amounts receivable | 41 | €44,391 | €51,872 | +€7,481 | +16.9% |
| Current investments | 50/53 | €602,224 | €602,224 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €52,965 | €112,864 | +€59,898 | +113% |
| Deferred charges and accrued income | 490/1 | €5,935 | €6,317 | +€382 | +6.4% |
| Total equity and liabilities | 10/49 | €1,474,848 | €1,399,539 | -€75,310 | -5.1% |
| Equity | 10/15 | €1,311,607 | €1,218,810 | -€92,798 | -7.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €456,545 | €1,198,810 | +€742,264 | +163% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €456,545 | €1,198,810 | +€742,264 | +163% |
| Profit (loss) carried forward | 14 | €835,062 | €0 | -€835,062 | -100% |
| Amounts payable | 17/49 | €163,241 | €180,729 | +€17,488 | +10.7% |
| Amounts payable after more than one year | 17 | €90,155 | €81,369 | -€8,786 | -9.7% |
| Financial debts | 170/4 | €90,155 | €81,369 | -€8,786 | -9.7% |
| Amounts payable within one year | 42/48 | €70,886 | €99,360 | +€28,474 | +40.2% |
| Current portion of amounts payable after more than one year | 42 | €8,466 | €8,786 | +€320 | +3.8% |
| Trade debts | 44 | €52,413 | €7,547 | -€44,866 | -85.6% |
| Suppliers | 440/4 | €52,413 | €7,547 | -€44,866 | -85.6% |
| Taxes, remuneration and social security | 45 | €10,007 | €18,027 | +€8,020 | +80.1% |
| Taxes | 450/3 | €6,195 | €11,788 | +€5,593 | +90.3% |
| Remuneration and social security | 454/9 | €3,811 | €6,238 | +€2,427 | +63.7% |
| Other amounts payable | 47/48 | - | €65,000 | +€65,000 | |
| Accrued charges and deferred income | 492/3 | €2,200 | €0 | -€2,200 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €28,330 | €45,785 | +€17,455 | +61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,281 | €15,287 | -€1,994 | -11.5% |
| Other operating charges | 640/8 | €9,168 | €3,093 | -€6,075 | -66.3% |
| Gross operating margin | 9900 | €19,549 | €21,136 | +€1,587 | +8.1% |
| Operating profit (loss) | 9901 | -€35,230 | -€43,029 | -€7,799 | -22.1% |
| Financial income | 75/76B | €17,495 | €28,254 | +€10,759 | +61.5% |
| Recurring financial income | 75 | €17,495 | €28,254 | +€10,759 | +61.5% |
| Financial charges | 65/66B | €2,736 | €12,603 | +€9,867 | +361% |
| Recurring financial charges | 65 | €2,736 | €12,603 | +€9,867 | +361% |
| Profit (loss) for the period before taxes | 9903 | -€20,472 | -€27,378 | -€6,906 | -33.7% |
| Income taxes | 67/77 | €869 | €420 | -€450 | -51.7% |
| Profit (loss) for the period | 9904 | -€21,341 | -€27,798 | -€6,456 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,341 | -€27,798 | -€6,456 | -30.3% |
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 20 October 2026 via checked.be.