LAHA LEX: 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.
LAHA LEX
Largest movements
- Cash +€45,202
up €45,202 (+86.7%), from €52,129 to €97,330
mainly Net result for the year (+€37,058) and Current investments (+€15,000)
- Current investments -€15,000
down €15,000 (-100%), from €15,000 to €0
- Tangible fixed assets +€4,916
up €4,916 (+354%), from €1,387 to €6,302
- Receivables within one year +€2,330
up €2,330, from €0 to €2,330
of which Other amounts receivable: +€2,330
- Reserves +€37,408
up €37,408 (+77.4%), from €48,300 to €85,708
- Tax, wage and social debts +€1,644
up €1,644 (+11.5%), from €14,255 to €15,898
of which Remuneration and social security: +€3,217
- Staff costs +€4,732
new in 2025: €4,732
- Gross operating margin +€2,208
up €2,208 (+4.0%), from €55,381 to €57,589
- Depreciation +€1,230
up €1,230 (+1,313%), from €94 to €1,324
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 | €68,515 | €106,633 | +€38,118 | +55.6% |
| Fixed assets | 21/28 | €1,387 | €6,302 | +€4,916 | +354% |
| Tangible fixed assets | 22/27 | €1,387 | €6,302 | +€4,916 | +354% |
| Furniture and vehicles | 24 | €1,387 | €6,302 | +€4,916 | +354% |
| Current assets | 29/58 | €67,129 | €100,330 | +€33,202 | +49.5% |
| Amounts receivable within one year | 40/41 | €0 | €2,330 | +€2,330 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €2,330 | +€2,330 | |
| Current investments | 50/53 | €15,000 | €0 | -€15,000 | -100% |
| Cash at bank and in hand | 54/58 | €52,129 | €97,330 | +€45,202 | +86.7% |
| Deferred charges and accrued income | 490/1 | - | €670 | +€670 | |
| Total equity and liabilities | 10/49 | €68,515 | €106,633 | +€38,118 | +55.6% |
| Equity | 10/15 | €51,150 | €88,208 | +€37,058 | +72.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €48,300 | €85,708 | +€37,408 | +77.4% |
| Distributable reserves | 133 | €48,300 | €85,708 | +€37,408 | +77.4% |
| Profit (loss) carried forward | 14 | €350 | €0 | -€350 | -100% |
| Amounts payable | 17/49 | €17,365 | €18,425 | +€1,060 | +6.1% |
| Amounts payable within one year | 42/48 | €17,365 | €18,425 | +€1,060 | +6.1% |
| Trade debts | 44 | €363 | €392 | +€29 | +8.0% |
| Suppliers | 440/4 | €363 | €392 | +€29 | +8.0% |
| Taxes, remuneration and social security | 45 | €14,255 | €15,898 | +€1,644 | +11.5% |
| Taxes | 450/3 | €12,066 | €10,492 | -€1,574 | -13.0% |
| Remuneration and social security | 454/9 | €2,189 | €5,406 | +€3,217 | +147% |
| Other amounts payable | 47/48 | €2,747 | €2,135 | -€613 | -22.3% |
| Remuneration, social security and pensions | 62 | - | €4,732 | +€4,732 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94 | €1,324 | +€1,230 | +1,313% |
| Other operating charges | 640/8 | €422 | €544 | +€121 | +28.8% |
| Gross operating margin | 9900 | €55,381 | €57,589 | +€2,208 | +4.0% |
| Operating profit (loss) | 9901 | €54,865 | €50,989 | -€3,876 | -7.1% |
| Financial income | 75/76B | €13 | €450 | +€437 | +3,446% |
| Recurring financial income | 75 | €13 | €450 | +€437 | +3,446% |
| Financial charges | 65/66B | €69 | €77 | +€8 | +10.9% |
| Recurring financial charges | 65 | €69 | €77 | +€8 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €54,808 | €51,363 | -€3,446 | -6.3% |
| Income taxes | 67/77 | €14,478 | €14,305 | -€173 | -1.2% |
| Profit (loss) for the period | 9904 | €40,330 | €37,058 | -€3,273 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,330 | €37,058 | -€3,273 | -8.1% |
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 26 October 2026 via checked.be.