LAKAY: what changed
Two fiscal 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.
LAKAY
Largest movements
- Receivables within one year -€5,502
down €5,502 (-96.7%), from €5,689 to €187
of which Trade receivables: -€5,689
- Cash -€4,831
down €4,831 (-49.1%), from €9,846 to €5,016
mainly Net result for the year (-€7,160) and Tax, wage and social debts (-€1,615)
- Formation expenses -€924
no longer reported in 2025 (was €924)
- Deferred charges and accrued income +€249
new in 2025: €249
- Reserves -€5,269
no longer reported in 2025 (was €5,269)
- Profit (loss) carried forward -€1,890
new in 2025: -€1,890
- Tax, wage and social debts -€1,615
down €1,615 (-46.5%), from €3,471 to €1,856
- Other debts -€1,613
down €1,613 (-47.0%), from €3,433 to €1,819
- Trade debts -€620
down €620 (-48.2%), from €1,286 to €666
- Gross operating margin -€13,506
down €13,506, from €7,270 to -€6,235
- Taxes -€1,856
no longer reported in 2025 (was €1,856)
- Depreciation +€830
up €830 (+876.5%), from €95 to €924
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.
Cash bridge derived
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 | €16,459 | €5,452 | -€11,007 | -66.9% |
| Formation expenses | 20 | €924 | - | -€924 | |
| Current assets | 29/58 | €15,535 | €5,452 | -€10,083 | -64.9% |
| Amounts receivable within one year | 40/41 | €5,689 | €187 | -€5,502 | -96.7% |
| Trade receivables | 40 | €5,689 | - | -€5,689 | |
| Other amounts receivable | 41 | - | €187 | +€187 | |
| Cash at bank and in hand | 54/58 | €9,846 | €5,016 | -€4,831 | -49.1% |
| Deferred charges and accrued income | 490/1 | - | €249 | +€249 | |
| Total equity and liabilities | 10/49 | €16,459 | €5,452 | -€11,007 | -66.9% |
| Equity | 10/15 | €8,269 | €1,110 | -€7,160 | -86.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,269 | - | -€5,269 | |
| Distributable reserves | 133 | €5,269 | - | -€5,269 | |
| Profit (loss) carried forward | 14 | - | -€1,890 | -€1,890 | |
| Amounts payable | 17/49 | €8,190 | €4,342 | -€3,848 | -47.0% |
| Amounts payable within one year | 42/48 | €8,190 | €4,341 | -€3,849 | -47.0% |
| Trade debts | 44 | €1,286 | €666 | -€620 | -48.2% |
| Suppliers | 440/4 | €1,286 | €666 | -€620 | -48.2% |
| Taxes, remuneration and social security | 45 | €3,471 | €1,856 | -€1,615 | -46.5% |
| Taxes | 450/3 | €3,471 | €1,856 | -€1,615 | -46.5% |
| Other amounts payable | 47/48 | €3,433 | €1,819 | -€1,613 | -47.0% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95 | €924 | +€830 | +876.5% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €7,270 | -€6,235 | -€13,506 | |
| Operating profit (loss) | 9901 | €7,126 | -€7,160 | -€14,285 | |
| Financial charges | 65/66B | €0 | - | -€0 | |
| Recurring financial charges | 65 | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €7,125 | -€7,160 | -€14,285 | |
| Income taxes | 67/77 | €1,856 | - | -€1,856 | |
| Profit (loss) for the period | 9904 | €5,269 | -€7,160 | -€12,429 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,269 | -€7,160 | -€12,429 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.