LAHAYE ELECTRICITE: what changed
LAHAYE ELECTRICITE
Largest movements
- Cash +€111,111
up €111,111 (+49.8%), from €223,270 to €334,380
mainly Net result for the year (+€100,569) and Depreciation (+€21,128)
- Tangible fixed assets -€20,043
down €20,043 (-23.7%), from €84,558 to €64,516
of which Furniture and vehicles: -€19,260
- Receivables within one year +€16,130
up €16,130 (+65.7%), from €24,556 to €40,686
of which Trade receivables: +€17,453
- Reserves +€89,666
up €89,666 (+18.1%), from €495,383 to €585,050
of which Distributable reserves: +€89,666
- Tax, wage and social debts +€20,438
up €20,438 (+74.1%), from €27,575 to €48,013
of which Taxes: +€21,962
- Other debts -€10,766
down €10,766 (-16.7%), from €64,350 to €53,584
- Staff costs -€36,052
down €36,052 (-40.8%), from €88,379 to €52,327
- Gross operating margin -€23,931
down €23,931 (-10.2%), from €234,930 to €210,999
- Taxes +€8,507
up €8,507 (+24.5%), from €34,728 to €43,235
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €642,434 | €747,995 | +€105,562 | +16.4% |
| Fixed assets | 21/28 | €84,558 | €64,516 | -€20,043 | -23.7% |
| Tangible fixed assets | 22/27 | €84,558 | €64,516 | -€20,043 | -23.7% |
| Land and buildings | 22 | €1,207 | €981 | -€227 | -18.8% |
| Plant, machinery and equipment | 23 | €7,137 | €6,581 | -€556 | -7.8% |
| Furniture and vehicles | 24 | €76,214 | €56,954 | -€19,260 | -25.3% |
| Current assets | 29/58 | €557,875 | €683,480 | +€125,604 | +22.5% |
| Stocks and contracts in progress | 3 | €74,840 | €73,786 | -€1,054 | -1.4% |
| Stocks | 30/36 | €74,840 | €73,786 | -€1,054 | -1.4% |
| Amounts receivable within one year | 40/41 | €24,556 | €40,686 | +€16,130 | +65.7% |
| Trade receivables | 40 | €22,323 | €39,777 | +€17,453 | +78.2% |
| Other amounts receivable | 41 | €2,232 | €909 | -€1,323 | -59.3% |
| Current investments | 50/53 | €230,980 | €230,980 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €223,270 | €334,380 | +€111,111 | +49.8% |
| Deferred charges and accrued income | 490/1 | €4,230 | €3,648 | -€583 | -13.8% |
| Total equity and liabilities | 10/49 | €642,434 | €747,995 | +€105,562 | +16.4% |
| Equity | 10/15 | €538,765 | €628,431 | +€89,666 | +16.6% |
| Contributions | 10/11 | €43,381 | €43,381 | = | 0.0% |
| Reserves | 13 | €495,383 | €585,050 | +€89,666 | +18.1% |
| Non-distributable reserves | 130/1 | €4,338 | €4,338 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,338 | €4,338 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,277 | €18,277 | = | 0.0% |
| Distributable reserves | 133 | €472,768 | €562,434 | +€89,666 | +19.0% |
| Amounts payable | 17/49 | €103,669 | €119,564 | +€15,895 | +15.3% |
| Amounts payable within one year | 42/48 | €103,669 | €119,564 | +€15,895 | +15.3% |
| Trade debts | 44 | €11,744 | €17,967 | +€6,223 | +53.0% |
| Suppliers | 440/4 | €11,744 | €17,967 | +€6,223 | +53.0% |
| Taxes, remuneration and social security | 45 | €27,575 | €48,013 | +€20,438 | +74.1% |
| Taxes | 450/3 | €22,702 | €44,664 | +€21,962 | +96.7% |
| Remuneration and social security | 454/9 | €4,873 | €3,350 | -€1,524 | -31.3% |
| Other amounts payable | 47/48 | €64,350 | €53,584 | -€10,766 | -16.7% |
| Non-recurring operating income | 76A | €22,893 | - | -€22,893 | |
| Remuneration, social security and pensions | 62 | €88,379 | €52,327 | -€36,052 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,527 | €21,128 | +€1,601 | +8.2% |
| Other operating charges | 640/8 | €951 | €979 | +€28 | +3.0% |
| Gross operating margin | 9900 | €234,930 | €210,999 | -€23,931 | -10.2% |
| Operating profit (loss) | 9901 | €126,073 | €136,566 | +€10,492 | +8.3% |
| Financial income | 75/76B | €6,847 | €7,617 | +€770 | +11.2% |
| Recurring financial income | 75 | €6,847 | €7,617 | +€770 | +11.2% |
| Financial charges | 65/66B | €2,025 | €379 | -€1,646 | -81.3% |
| Recurring financial charges | 65 | €2,025 | €379 | -€1,646 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | €130,895 | €143,804 | +€12,908 | +9.9% |
| Income taxes | 67/77 | €34,728 | €43,235 | +€8,507 | +24.5% |
| Profit (loss) for the period | 9904 | €96,168 | €100,569 | +€4,402 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €96,168 | €100,569 | +€4,402 | +4.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.