Laheyne Part 2: what changed
Laheyne Part 2
Largest movements
- Tangible fixed assets -€45,831
down €45,831 (-14.3%), from €320,258 to €274,428
- Receivables within one year -€22,651
down €22,651 (-26.0%), from €87,049 to €64,398
of which Trade receivables: -€16,500
- Cash +€10,235
up €10,235 (+702%), from €1,458 to €11,693
mainly Depreciation (+€88,752) and Receivables within one year (+€22,651)
- Reserves -€37,631
down €37,631 (-29.8%), from €126,160 to €88,529
- Debts after one year -€15,709
down €15,709 (-10.9%), from €144,723 to €129,014
- Accrued charges and deferred income -€10,000
down €10,000 (-16.7%), from €60,000 to €50,000
- Current portion of long-term debt -€9,443
down €9,443 (-19.4%), from €48,601 to €39,158
- Other debts +€8,112
up €8,112 (+41.3%), from €19,665 to €27,777
- Gross operating margin -€10,350
down €10,350 (-9.5%), from €108,421 to €98,071
- Financial charges +€4,434
up €4,434 (+51.4%), from €8,631 to €13,065
- Other operating charges -€2,896
down €2,896 (-42.7%), from €6,790 to €3,894
- Taxes -€1,158
down €1,158 (-98.7%), from €1,173 to €16
- Depreciation -€1,101
down €1,101 (-1.2%), from €89,853 to €88,752
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,556 | €358,476 | -€62,080 | -14.8% |
| Fixed assets | 21/28 | €324,347 | €278,767 | -€45,581 | -14.1% |
| Intangible fixed assets | 21 | €4,089 | €4,339 | +€250 | +6.1% |
| Tangible fixed assets | 22/27 | €320,258 | €274,428 | -€45,831 | -14.3% |
| Plant, machinery and equipment | 23 | €68,747 | €49,154 | -€19,593 | -28.5% |
| Furniture and vehicles | 24 | €86,140 | €79,600 | -€6,540 | -7.6% |
| Other tangible fixed assets | 26 | €165,371 | €145,674 | -€19,697 | -11.9% |
| Current assets | 29/58 | €96,209 | €79,709 | -€16,499 | -17.1% |
| Stocks and contracts in progress | 3 | €3,040 | €2,540 | -€500 | -16.4% |
| Stocks | 30/36 | €3,040 | €2,540 | -€500 | -16.4% |
| Amounts receivable within one year | 40/41 | €87,049 | €64,398 | -€22,651 | -26.0% |
| Trade receivables | 40 | €76,984 | €60,483 | -€16,500 | -21.4% |
| Other amounts receivable | 41 | €10,066 | €3,915 | -€6,151 | -61.1% |
| Cash at bank and in hand | 54/58 | €1,458 | €11,693 | +€10,235 | +702% |
| Deferred charges and accrued income | 490/1 | €4,661 | €1,078 | -€3,583 | -76.9% |
| Total equity and liabilities | 10/49 | €420,556 | €358,476 | -€62,080 | -14.8% |
| Equity | 10/15 | €136,160 | €98,529 | -€37,631 | -27.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €126,160 | €88,529 | -€37,631 | -29.8% |
| Distributable reserves | 133 | €126,160 | €88,529 | -€37,631 | -29.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €284,396 | €259,946 | -€24,449 | -8.6% |
| Amounts payable after more than one year | 17 | €144,723 | €129,014 | -€15,709 | -10.9% |
| Financial debts | 170/4 | €144,723 | €129,014 | -€15,709 | -10.9% |
| Amounts payable within one year | 42/48 | €79,672 | €80,932 | +€1,260 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €48,601 | €39,158 | -€9,443 | -19.4% |
| Trade debts | 44 | €10,222 | €12,594 | +€2,372 | +23.2% |
| Suppliers | 440/4 | €10,222 | €12,594 | +€2,372 | +23.2% |
| Taxes, remuneration and social security | 45 | €1,184 | €1,403 | +€219 | +18.5% |
| Taxes | 450/3 | €1,184 | €1,403 | +€219 | +18.5% |
| Other amounts payable | 47/48 | €19,665 | €27,777 | +€8,112 | +41.3% |
| Accrued charges and deferred income | 492/3 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,853 | €88,752 | -€1,101 | -1.2% |
| Other operating charges | 640/8 | €6,790 | €3,894 | -€2,896 | -42.7% |
| Gross operating margin | 9900 | €108,421 | €98,071 | -€10,350 | -9.5% |
| Operating profit (loss) | 9901 | €11,778 | €5,425 | -€6,353 | -53.9% |
| Financial income | 75/76B | €20 | €25 | +€5 | +27.3% |
| Recurring financial income | 75 | €20 | €25 | +€5 | +27.3% |
| Financial charges | 65/66B | €8,631 | €13,065 | +€4,434 | +51.4% |
| Recurring financial charges | 65 | €8,631 | €13,065 | +€4,434 | +51.4% |
| Profit (loss) for the period before taxes | 9903 | €3,167 | -€7,615 | -€10,781 | |
| Income taxes | 67/77 | €1,173 | €16 | -€1,158 | -98.7% |
| Profit (loss) for the period | 9904 | €1,993 | -€7,631 | -€9,624 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,993 | -€7,631 | -€9,624 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.