Laekda: 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.
Laekda
Largest movements
- Receivables within one year +€33,795
up €33,795 (+74.9%), from €45,096 to €78,891
of which Other amounts receivable: +€35,646
- Cash -€7,040
down €7,040 (-27.8%), from €25,313 to €18,272
mainly Receivables within one year (-€33,795) and Investment in fixed assets (net) (-€10,254)
- Tangible fixed assets +€1,766
up €1,766 (+5.6%), from €31,419 to €33,185
- Reserves +€11,371
up €11,371 (+15.7%), from €72,226 to €83,597
- Tax, wage and social debts +€9,368
up €9,368 (+47.0%), from €19,918 to €29,286
of which Taxes: +€4,872
- Advances received +€8,878
new in 2025: €8,878
- Gross operating margin -€55,070
down €55,070 (-29.6%), from €186,226 to €131,155
- Taxes +€3,407
up €3,407 (+92.2%), from €3,695 to €7,102
- Staff costs +€3,043
up €3,043 (+3.2%), from €96,459 to €99,502
- Depreciation +€1,934
up €1,934 (+29.5%), from €6,553 to €8,488
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 | €101,827 | €130,348 | +€28,521 | +28.0% |
| Fixed assets | 21/28 | €31,419 | €33,185 | +€1,766 | +5.6% |
| Tangible fixed assets | 22/27 | €31,419 | €33,185 | +€1,766 | +5.6% |
| Land and buildings | 22 | €16,274 | €16,767 | +€493 | +3.0% |
| Plant, machinery and equipment | 23 | €8,867 | €9,623 | +€756 | +8.5% |
| Furniture and vehicles | 24 | €6,278 | €6,795 | +€517 | +8.2% |
| Current assets | 29/58 | €70,408 | €97,163 | +€26,755 | +38.0% |
| Amounts receivable within one year | 40/41 | €45,096 | €78,891 | +€33,795 | +74.9% |
| Trade receivables | 40 | €1,850 | - | -€1,850 | |
| Other amounts receivable | 41 | €43,245 | €78,891 | +€35,646 | +82.4% |
| Cash at bank and in hand | 54/58 | €25,313 | €18,272 | -€7,040 | -27.8% |
| Total equity and liabilities | 10/49 | €101,827 | €130,348 | +€28,521 | +28.0% |
| Equity | 10/15 | €72,227 | €83,598 | +€11,371 | +15.7% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €72,226 | €83,597 | +€11,371 | +15.7% |
| Distributable reserves | 133 | €72,226 | €83,597 | +€11,371 | +15.7% |
| Amounts payable | 17/49 | €29,599 | €46,750 | +€17,151 | +57.9% |
| Amounts payable within one year | 42/48 | €29,599 | €46,750 | +€17,151 | +57.9% |
| Trade debts | 44 | €9,682 | €8,587 | -€1,095 | -11.3% |
| Suppliers | 440/4 | €9,682 | €8,587 | -€1,095 | -11.3% |
| Advances received on contracts in progress | 46 | - | €8,878 | +€8,878 | |
| Taxes, remuneration and social security | 45 | €19,918 | €29,286 | +€9,368 | +47.0% |
| Taxes | 450/3 | €13,731 | €18,603 | +€4,872 | +35.5% |
| Remuneration and social security | 454/9 | €6,186 | €10,682 | +€4,496 | +72.7% |
| Remuneration, social security and pensions | 62 | €96,459 | €99,502 | +€3,043 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,553 | €8,488 | +€1,934 | +29.5% |
| Other operating charges | 640/8 | €2,901 | €3,836 | +€935 | +32.2% |
| Non-recurring operating charges | 66A | €4,288 | €586 | -€3,702 | -86.3% |
| Gross operating margin | 9900 | €186,226 | €131,155 | -€55,070 | -29.6% |
| Operating profit (loss) | 9901 | €76,024 | €18,744 | -€57,280 | -75.3% |
| Financial income | 75/76B | €10 | €0 | -€10 | -96.4% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -96.4% |
| Financial charges | 65/66B | €2,131 | €271 | -€1,860 | -87.3% |
| Recurring financial charges | 65 | €2,131 | €271 | -€1,860 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | €73,904 | €18,473 | -€55,430 | -75.0% |
| Income taxes | 67/77 | €3,695 | €7,102 | +€3,407 | +92.2% |
| Profit (loss) for the period | 9904 | €70,208 | €11,371 | -€58,837 | -83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,208 | €11,371 | -€58,837 | -83.8% |
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 8 October 2026 via checked.be.