LAIKAIR: 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.
LAIKAIR
Largest movements
- Cash -€6,036
down €6,036 (-68.7%), from €8,792 to €2,756
mainly Investment in fixed assets (net) (-€29,841) and Net result for the year (-€9,575)
- Tangible fixed assets +€3,024
up €3,024 (+2.0%), from €155,027 to €158,052
- Receivables within one year -€1,827
down €1,827 (-40.7%), from €4,483 to €2,657
of which Trade receivables: -€1,095
- Other debts +€7,408
new in 2025: €7,408
- Reserves -€7,186
down €7,186 (-15.0%), from €47,863 to €40,676
of which Tax-exempt reserves: -€7,186
- Debts after one year -€4,348
no longer reported in 2025 (was €4,348)
- Profit (loss) carried forward -€2,389
down €2,389 (-4.7%), from €50,758 to €48,369
- Gross operating margin -€13,074
down €13,074 (-32.5%), from €40,192 to €27,118
- Depreciation +€5,988
up €5,988 (+28.7%), from €20,829 to €26,817
- Taxes +€2,363
up €2,363 (+37.0%), from €6,389 to €8,752
- Other operating charges -€643
down €643 (-45.5%), from €1,415 to €771
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 | €171,302 | €166,464 | -€4,838 | -2.8% |
| Fixed assets | 21/28 | €158,027 | €161,052 | +€3,024 | +1.9% |
| Tangible fixed assets | 22/27 | €155,027 | €158,052 | +€3,024 | +2.0% |
| Furniture and vehicles | 24 | €155,027 | €158,052 | +€3,024 | +2.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €13,275 | €5,412 | -€7,863 | -59.2% |
| Amounts receivable within one year | 40/41 | €4,483 | €2,657 | -€1,827 | -40.7% |
| Trade receivables | 40 | €3,752 | €2,657 | -€1,095 | -29.2% |
| Other amounts receivable | 41 | €732 | - | -€732 | |
| Cash at bank and in hand | 54/58 | €8,792 | €2,756 | -€6,036 | -68.7% |
| Total equity and liabilities | 10/49 | €171,302 | €166,464 | -€4,838 | -2.8% |
| Equity | 10/15 | €163,620 | €154,045 | -€9,575 | -5.9% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Contributions outside capital | 11 | €65,000 | - | -€65,000 | |
| Share premium | 1100/10 | €65,000 | - | -€65,000 | |
| Reserves | 13 | €47,863 | €40,676 | -€7,186 | -15.0% |
| Non-distributable reserves | 130/1 | €1,145 | €1,145 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,145 | €1,145 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,718 | €39,531 | -€7,186 | -15.4% |
| Profit (loss) carried forward | 14 | €50,758 | €48,369 | -€2,389 | -4.7% |
| Amounts payable | 17/49 | €7,682 | €12,419 | +€4,737 | +61.7% |
| Amounts payable after more than one year | 17 | €4,348 | - | -€4,348 | |
| Financial debts | 170/4 | €4,348 | - | -€4,348 | |
| Amounts payable within one year | 42/48 | €3,334 | €12,419 | +€9,086 | +273% |
| Trade debts | 44 | €168 | €516 | +€348 | +207% |
| Suppliers | 440/4 | €168 | €516 | +€348 | +207% |
| Taxes, remuneration and social security | 45 | €3,166 | €4,496 | +€1,330 | +42.0% |
| Taxes | 450/3 | €3,166 | €4,496 | +€1,330 | +42.0% |
| Other amounts payable | 47/48 | - | €7,408 | +€7,408 | |
| Remuneration, social security and pensions | 62 | - | €95 | +€95 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,829 | €26,817 | +€5,988 | +28.7% |
| Other operating charges | 640/8 | €1,415 | €771 | -€643 | -45.5% |
| Gross operating margin | 9900 | €40,192 | €27,118 | -€13,074 | -32.5% |
| Operating profit (loss) | 9901 | €17,949 | -€565 | -€18,514 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €315 | €258 | -€57 | -18.0% |
| Recurring financial charges | 65 | €315 | €258 | -€57 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €17,634 | -€823 | -€18,457 | |
| Income taxes | 67/77 | €6,389 | €8,752 | +€2,363 | +37.0% |
| Profit (loss) for the period | 9904 | €11,245 | -€9,575 | -€20,820 | |
| Transfer from tax-exempt reserves | 789 | €7,186 | €7,186 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,431 | -€2,389 | -€20,820 |
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 25 October 2026 via checked.be.