LACTO RESEARCH: 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.
LACTO RESEARCH
Largest movements
- Cash +€48,083
up €48,083 (+32.4%), from €148,276 to €196,359
mainly Receivables within one year (+€23,735) and Depreciation (+€13,900)
- Receivables within one year -€23,735
down €23,735 (-15.9%), from €149,340 to €125,605
of which Other amounts receivable: -€38,716
- Tangible fixed assets -€12,635
down €12,635 (-25.1%), from €50,357 to €37,722
of which Furniture and vehicles: -€11,108
- Trade debts +€8,111
up €8,111 (+79.5%), from €10,200 to €18,311
- Profit (loss) carried forward +€5,115
up €5,115 (+1.7%), from €295,465 to €300,580
- Gross operating margin +€24,567
up €24,567 (+17.3%), from €141,996 to €166,563
- Staff costs +€7,911
up €7,911 (+5.7%), from €139,569 to €147,480
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 | €348,365 | €360,033 | +€11,668 | +3.3% |
| Fixed assets | 21/28 | €50,517 | €37,882 | -€12,635 | -25.0% |
| Tangible fixed assets | 22/27 | €50,357 | €37,722 | -€12,635 | -25.1% |
| Plant, machinery and equipment | 23 | €6,842 | €5,315 | -€1,527 | -22.3% |
| Furniture and vehicles | 24 | €43,516 | €32,407 | -€11,108 | -25.5% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €297,848 | €322,150 | +€24,303 | +8.2% |
| Amounts receivable within one year | 40/41 | €149,340 | €125,605 | -€23,735 | -15.9% |
| Trade receivables | 40 | €50,015 | €64,995 | +€14,981 | +30.0% |
| Other amounts receivable | 41 | €99,326 | €60,610 | -€38,716 | -39.0% |
| Cash at bank and in hand | 54/58 | €148,276 | €196,359 | +€48,083 | +32.4% |
| Deferred charges and accrued income | 490/1 | €231 | €186 | -€45 | -19.6% |
| Total equity and liabilities | 10/49 | €348,365 | €360,033 | +€11,668 | +3.3% |
| Equity | 10/15 | €317,465 | €322,580 | +€5,115 | +1.6% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €295,465 | €300,580 | +€5,115 | +1.7% |
| Amounts payable | 17/49 | €30,900 | €37,452 | +€6,553 | +21.2% |
| Amounts payable within one year | 42/48 | €30,900 | €37,452 | +€6,553 | +21.2% |
| Trade debts | 44 | €10,200 | €18,311 | +€8,111 | +79.5% |
| Suppliers | 440/4 | €10,200 | €18,311 | +€8,111 | +79.5% |
| Taxes, remuneration and social security | 45 | €20,603 | €19,045 | -€1,558 | -7.6% |
| Taxes | 450/3 | €5,929 | €8,081 | +€2,152 | +36.3% |
| Remuneration and social security | 454/9 | €14,675 | €10,964 | -€3,710 | -25.3% |
| Other amounts payable | 47/48 | €96 | €96 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €139,569 | €147,480 | +€7,911 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,334 | €13,900 | +€566 | +4.2% |
| Other operating charges | 640/8 | €1,096 | €1,155 | +€59 | +5.4% |
| Non-recurring operating charges | 66A | €1,665 | - | -€1,665 | |
| Gross operating margin | 9900 | €141,996 | €166,563 | +€24,567 | +17.3% |
| Operating profit (loss) | 9901 | -€13,668 | €4,028 | +€17,695 | |
| Financial income | 75/76B | €1,462 | €1,351 | -€111 | -7.6% |
| Recurring financial income | 75 | €1,462 | €1,351 | -€111 | -7.6% |
| Financial charges | 65/66B | €143 | €81 | -€61 | -42.9% |
| Recurring financial charges | 65 | €143 | €81 | -€61 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,349 | €5,297 | +€17,646 | |
| Income taxes | 67/77 | €155 | €182 | +€27 | +17.5% |
| Profit (loss) for the period | 9904 | -€12,504 | €5,115 | +€17,619 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,504 | €5,115 | +€17,619 |
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 23 October 2026 via checked.be.