LAICO4Growth: 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.
LAICO4Growth
Largest movements
- Cash -€65,009
down €65,009 (-76.5%), from €84,967 to €19,958
mainly Debts after one year (-€165,725) and Tax, wage and social debts (-€26,779)
- Debts after one year -€165,725
down €165,725 (-33.9%), from €489,143 to €323,419
- Reserves +€128,731
up €128,731 (+26.2%), from €490,847 to €619,578
- Tax, wage and social debts -€26,779
down €26,779 (-62.3%), from €42,956 to €16,177
- Gross operating margin +€10,660
up €10,660 (+6.3%), from €169,900 to €180,560
- Taxes +€3,134
up €3,134 (+7.8%), from €40,443 to €43,577
- Financial charges -€2,010
down €2,010 (-21.7%), from €9,264 to €7,254
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,515,967 | €1,450,958 | -€65,009 | -4.3% |
| Fixed assets | 21/28 | €1,431,000 | €1,431,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,431,000 | €1,431,000 | = | 0.0% |
| Current assets | 29/58 | €84,967 | €19,958 | -€65,009 | -76.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €84,967 | €19,958 | -€65,009 | -76.5% |
| Total equity and liabilities | 10/49 | €1,515,967 | €1,450,958 | -€65,009 | -4.3% |
| Equity | 10/15 | €790,847 | €919,578 | +€128,731 | +16.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €490,847 | €619,578 | +€128,731 | +26.2% |
| Distributable reserves | 133 | €490,847 | €619,578 | +€128,731 | +26.2% |
| Amounts payable | 17/49 | €725,120 | €531,381 | -€193,739 | -26.7% |
| Amounts payable after more than one year | 17 | €489,143 | €323,419 | -€165,725 | -33.9% |
| Financial debts | 170/4 | €489,143 | €323,419 | -€165,725 | -33.9% |
| Amounts payable within one year | 42/48 | €235,976 | €207,962 | -€28,015 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €163,690 | €165,725 | +€2,035 | +1.2% |
| Trade debts | 44 | €29,330 | €26,060 | -€3,270 | -11.2% |
| Suppliers | 440/4 | €29,330 | €26,060 | -€3,270 | -11.2% |
| Taxes, remuneration and social security | 45 | €42,956 | €16,177 | -€26,779 | -62.3% |
| Taxes | 450/3 | €42,956 | €16,177 | -€26,779 | -62.3% |
| Other operating charges | 640/8 | - | €998 | +€998 | |
| Gross operating margin | 9900 | €169,900 | €180,560 | +€10,660 | +6.3% |
| Operating profit (loss) | 9901 | €169,900 | €179,562 | +€9,662 | +5.7% |
| Financial income | 75/76B | €1,135 | €0 | -€1,135 | -100% |
| Recurring financial income | 75 | €1,135 | €0 | -€1,135 | -100% |
| Financial charges | 65/66B | €9,264 | €7,254 | -€2,010 | -21.7% |
| Recurring financial charges | 65 | €9,264 | €7,254 | -€2,010 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €161,771 | €172,308 | +€10,537 | +6.5% |
| Income taxes | 67/77 | €40,443 | €43,577 | +€3,134 | +7.8% |
| Profit (loss) for the period | 9904 | €121,328 | €128,731 | +€7,402 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €121,328 | €128,731 | +€7,402 | +6.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.