LACROIX THIERRY: 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 THIERRY
Largest movements
- Receivables within one year +€11,721
up €11,721 (+111%), from €10,605 to €22,326
of which Other amounts receivable: +€6,085
- Tangible fixed assets -€9,772
down €9,772 (-30.7%), from €31,814 to €22,041
of which Furniture and vehicles: -€7,818
- Stocks and contracts +€870
up €870 (+55.1%), from €1,580 to €2,450
- Trade debts +€18,151
up €18,151 (+322%), from €5,639 to €23,790
of which Suppliers: +€16,506
- Debts after one year -€8,299
down €8,299 (-66.5%), from €12,478 to €4,179
- Profit (loss) carried forward -€5,740
down €5,740, from €3,239 to -€2,502
- Tax, wage and social debts -€2,558
down €2,558 (-90.6%), from €2,824 to €265
- Accrued charges and deferred income +€822
new in 2025: €822
- Gross operating margin -€21,419
down €21,419 (-67.5%), from €31,720 to €10,301
- Write-downs -€2,905
no longer reported in 2025 (was €2,905)
- Taxes -€2,824
no longer reported in 2025 (was €2,824)
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 | €60,565 | €63,021 | +€2,456 | +4.1% |
| Fixed assets | 21/28 | €33,264 | €23,491 | -€9,772 | -29.4% |
| Tangible fixed assets | 22/27 | €31,814 | €22,041 | -€9,772 | -30.7% |
| Plant, machinery and equipment | 23 | €5,976 | €4,022 | -€1,954 | -32.7% |
| Furniture and vehicles | 24 | €25,837 | €18,019 | -€7,818 | -30.3% |
| Financial fixed assets | 28 | €1,450 | €1,450 | = | 0.0% |
| Current assets | 29/58 | €27,301 | €39,530 | +€12,229 | +44.8% |
| Stocks and contracts in progress | 3 | €1,580 | €2,450 | +€870 | +55.1% |
| Stocks | 30/36 | €1,580 | €2,450 | +€870 | +55.1% |
| Amounts receivable within one year | 40/41 | €10,605 | €22,326 | +€11,721 | +111% |
| Trade receivables | 40 | €7,768 | €13,403 | +€5,636 | +72.6% |
| Other amounts receivable | 41 | €2,838 | €8,923 | +€6,085 | +214% |
| Cash at bank and in hand | 54/58 | €15,116 | €14,754 | -€362 | -2.4% |
| Total equity and liabilities | 10/49 | €60,565 | €63,021 | +€2,456 | +4.1% |
| Equity | 10/15 | €31,406 | €25,665 | -€5,740 | -18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,567 | €9,567 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,707 | €7,707 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,239 | -€2,502 | -€5,740 | |
| Amounts payable | 17/49 | €29,159 | €37,356 | +€8,197 | +28.1% |
| Amounts payable after more than one year | 17 | €12,478 | €4,179 | -€8,299 | -66.5% |
| Financial debts | 170/4 | €12,478 | €4,179 | -€8,299 | -66.5% |
| Amounts payable within one year | 42/48 | €16,681 | €32,354 | +€15,673 | +94.0% |
| Current portion of amounts payable after more than one year | 42 | €8,219 | €8,299 | +€80 | +1.0% |
| Trade debts | 44 | €5,639 | €23,790 | +€18,151 | +322% |
| Suppliers | 440/4 | €5,639 | €22,145 | +€16,506 | +293% |
| Bills of exchange payable | 441 | - | €1,645 | +€1,645 | |
| Taxes, remuneration and social security | 45 | €2,824 | €265 | -€2,558 | -90.6% |
| Taxes | 450/3 | €2,824 | €265 | -€2,558 | -90.6% |
| Accrued charges and deferred income | 492/3 | - | €822 | +€822 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,701 | €13,587 | -€114 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,905 | - | -€2,905 | |
| Other operating charges | 640/8 | €1,861 | €1,817 | -€44 | -2.4% |
| Non-recurring operating charges | 66A | - | €143 | +€143 | |
| Gross operating margin | 9900 | €31,720 | €10,301 | -€21,419 | -67.5% |
| Operating profit (loss) | 9901 | €13,253 | -€5,245 | -€18,498 | |
| Financial income | 75/76B | €204 | €225 | +€21 | +10.1% |
| Recurring financial income | 75 | €204 | €225 | +€21 | +10.1% |
| Financial charges | 65/66B | €963 | €720 | -€243 | -25.2% |
| Recurring financial charges | 65 | €963 | €720 | -€243 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €12,495 | -€5,740 | -€18,235 | |
| Income taxes | 67/77 | €2,824 | - | -€2,824 | |
| Profit (loss) for the period | 9904 | €9,671 | -€5,740 | -€15,411 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,671 | -€5,740 | -€15,411 |
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 24 October 2026 via checked.be.