LAJ Management: 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.
LAJ Management
Largest movements
- Cash -€14,417
down €14,417 (-96.3%), from €14,965 to €548
mainly Other debts (-€7,745) and Accrued charges and deferred income (-€4,712)
- Receivables within one year -€358
no longer reported in 2025 (was €358)
- Other debts -€7,745
down €7,745 (-12.0%), from €64,650 to €56,905
- Accrued charges and deferred income -€4,712
no longer reported in 2025 (was €4,712)
- Profit (loss) carried forward -€2,226
down €2,226 (-3.7%), from -€60,345 to -€62,571
- Tax, wage and social debts -€249
down €249 (-81.4%), from €306 to €57
- Trade debts +€157
new in 2025: €157
- Taxes -€893
no longer reported in 2025 (was €893)
- Gross operating margin -€733
down €733 (-128%), from -€573 to -€1,306
- Other operating charges -€267
down €267 (-40.0%), from €667 to €400
- Depreciation -€226
no longer reported in 2025 (was €226)
- Financial charges +€154
up €154 (+42.2%), from €365 to €519
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 | €15,323 | €548 | -€14,775 | -96.4% |
| Current assets | 29/58 | €15,323 | €548 | -€14,775 | -96.4% |
| Amounts receivable within one year | 40/41 | €358 | - | -€358 | |
| Trade receivables | 40 | €358 | - | -€358 | |
| Cash at bank and in hand | 54/58 | €14,965 | €548 | -€14,417 | -96.3% |
| Total equity and liabilities | 10/49 | €15,323 | €548 | -€14,775 | -96.4% |
| Equity | 10/15 | -€54,345 | -€56,571 | -€2,226 | -4.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,345 | -€62,571 | -€2,226 | -3.7% |
| Amounts payable | 17/49 | €69,668 | €57,119 | -€12,549 | -18.0% |
| Amounts payable within one year | 42/48 | €64,956 | €57,119 | -€7,837 | -12.1% |
| Trade debts | 44 | - | €157 | +€157 | |
| Suppliers | 440/4 | - | €157 | +€157 | |
| Taxes, remuneration and social security | 45 | €306 | €57 | -€249 | -81.4% |
| Taxes | 450/3 | €306 | €57 | -€249 | -81.4% |
| Other amounts payable | 47/48 | €64,650 | €56,905 | -€7,745 | -12.0% |
| Accrued charges and deferred income | 492/3 | €4,712 | - | -€4,712 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226 | - | -€226 | |
| Other operating charges | 640/8 | €667 | €400 | -€267 | -40.0% |
| Non-recurring operating charges | 66A | €66,557 | - | -€66,557 | |
| Gross operating margin | 9900 | -€573 | -€1,306 | -€733 | -128% |
| Operating profit (loss) | 9901 | -€68,023 | -€1,706 | +€66,317 | +97.5% |
| Financial charges | 65/66B | €365 | €519 | +€154 | +42.2% |
| Recurring financial charges | 65 | €365 | €519 | +€154 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | -€68,388 | -€2,225 | +€66,163 | +96.7% |
| Income taxes | 67/77 | €893 | - | -€893 | |
| Profit (loss) for the period | 9904 | -€69,281 | -€2,225 | +€67,056 | +96.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,281 | -€2,225 | +€67,056 | +96.8% |
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 16 October 2026 via checked.be.