Lahaye: 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.
Lahaye
Largest movements
- Tangible fixed assets -€42,126
down €42,126 (-6.0%), from €700,533 to €658,407
of which Land and buildings: -€33,270
- Stocks and contracts +€28,918
up €28,918 (+19.9%), from €145,526 to €174,444
- Receivables within one year -€17,535
down €17,535 (-5.6%), from €315,255 to €297,720
of which Other amounts receivable: -€11,843
- Debts after one year -€40,000
down €40,000 (-14.1%), from €283,333 to €243,333
- Trade debts +€20,783
up €20,783 (+14.5%), from €143,729 to €164,512
- Other debts -€13,193
down €13,193 (-17.1%), from €77,314 to €64,121
- Staff costs +€21,747
up €21,747 (+11.4%), from €190,898 to €212,645
- Gross operating margin +€17,640
up €17,640 (+5.9%), from €301,163 to €318,803
- Other operating charges -€9,794
down €9,794 (-32.7%), from €29,968 to €20,174
- Depreciation +€5,384
up €5,384 (+8.1%), from €66,437 to €71,821
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 | €1,267,165 | €1,239,391 | -€27,774 | -2.2% |
| Fixed assets | 21/28 | €700,668 | €658,542 | -€42,126 | -6.0% |
| Tangible fixed assets | 22/27 | €700,533 | €658,407 | -€42,126 | -6.0% |
| Land and buildings | 22 | €542,408 | €509,138 | -€33,270 | -6.1% |
| Plant, machinery and equipment | 23 | €134,021 | €125,017 | -€9,004 | -6.7% |
| Furniture and vehicles | 24 | €24,104 | €24,252 | +€148 | +0.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €566,497 | €580,849 | +€14,352 | +2.5% |
| Stocks and contracts in progress | 3 | €145,526 | €174,444 | +€28,918 | +19.9% |
| Stocks | 30/36 | €145,526 | €174,444 | +€28,918 | +19.9% |
| Amounts receivable within one year | 40/41 | €315,255 | €297,720 | -€17,535 | -5.6% |
| Trade receivables | 40 | €257,064 | €251,372 | -€5,692 | -2.2% |
| Other amounts receivable | 41 | €58,191 | €46,348 | -€11,843 | -20.4% |
| Current investments | 50/53 | €65,564 | €68,590 | +€3,026 | +4.6% |
| Cash at bank and in hand | 54/58 | €40,152 | €40,095 | -€57 | -0.1% |
| Total equity and liabilities | 10/49 | €1,267,165 | €1,239,391 | -€27,774 | -2.2% |
| Equity | 10/15 | €686,662 | €690,764 | +€4,102 | +0.6% |
| Contributions | 10/11 | €439,800 | €439,800 | = | 0.0% |
| Reserves | 13 | €246,862 | €250,964 | +€4,102 | +1.7% |
| Non-distributable reserves | 130/1 | €10,217 | €10,217 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,217 | €10,217 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,419 | - | -€1,419 | |
| Distributable reserves | 133 | €235,226 | €240,747 | +€5,521 | +2.3% |
| Amounts payable | 17/49 | €580,503 | €548,627 | -€31,876 | -5.5% |
| Amounts payable after more than one year | 17 | €283,333 | €243,333 | -€40,000 | -14.1% |
| Financial debts | 170/4 | €283,333 | €243,333 | -€40,000 | -14.1% |
| Amounts payable within one year | 42/48 | €297,170 | €305,294 | +€8,124 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €143,729 | €164,512 | +€20,783 | +14.5% |
| Suppliers | 440/4 | €143,729 | €164,512 | +€20,783 | +14.5% |
| Taxes, remuneration and social security | 45 | €36,127 | €36,661 | +€534 | +1.5% |
| Taxes | 450/3 | €4,997 | €7,904 | +€2,907 | +58.2% |
| Remuneration and social security | 454/9 | €31,130 | €28,757 | -€2,373 | -7.6% |
| Other amounts payable | 47/48 | €77,314 | €64,121 | -€13,193 | -17.1% |
| Remuneration, social security and pensions | 62 | €190,898 | €212,645 | +€21,747 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,437 | €71,821 | +€5,384 | +8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,478 | -€3,486 | -€1,008 | -40.7% |
| Other operating charges | 640/8 | €29,968 | €20,174 | -€9,794 | -32.7% |
| Gross operating margin | 9900 | €301,163 | €318,803 | +€17,640 | +5.9% |
| Operating profit (loss) | 9901 | €16,338 | €17,649 | +€1,311 | +8.0% |
| Financial income | 75/76B | €3,712 | €1,925 | -€1,787 | -48.1% |
| Recurring financial income | 75 | €3,712 | €1,925 | -€1,787 | -48.1% |
| Financial charges | 65/66B | €17,044 | €14,920 | -€2,124 | -12.5% |
| Recurring financial charges | 65 | €17,044 | €14,920 | -€2,124 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €3,006 | €4,654 | +€1,648 | +54.8% |
| Income taxes | 67/77 | €402 | €552 | +€150 | +37.3% |
| Profit (loss) for the period | 9904 | €2,604 | €4,102 | +€1,498 | +57.5% |
| Transfer from tax-exempt reserves | 789 | €1,420 | €1,419 | -€1 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,024 | €5,521 | +€1,497 | +37.2% |
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 14 October 2026 via checked.be.