LAKAYE: 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.
LAKAYE
Largest movements
- Stocks and contracts -€354,278
down €354,278 (-100%), from €354,278 to €0
- Tangible fixed assets +€263,460
up €263,460 (+22.0%), from €1.2m to €1.5m
of which Land and buildings: +€247,211
- Receivables within one year +€229,090
up €229,090 (+827%), from €27,687 to €256,777
of which Other amounts receivable: +€229,874
- Debts after one year +€127,091
up €127,091 (+12.7%), from €1.0m to €1.1m
- Profit (loss) carried forward +€89,820
up €89,820 (+36.5%), from -€246,384 to -€156,564
- Other debts -€88,884
down €88,884 (-53.0%), from €167,553 to €78,670
- Gross operating margin +€140,823
up €140,823 (+302%), from €46,655 to €187,478
- Depreciation +€7,055
up €7,055 (+10.0%), from €70,345 to €77,400
- Financial charges -€2,912
down €2,912 (-13.7%), from €21,220 to €18,308
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 | €1,584,226 | €1,721,375 | +€137,149 | +8.7% |
| Fixed assets | 21/28 | €1,199,656 | €1,463,116 | +€263,460 | +22.0% |
| Tangible fixed assets | 22/27 | €1,199,656 | €1,463,116 | +€263,460 | +22.0% |
| Land and buildings | 22 | €1,194,684 | €1,441,896 | +€247,211 | +20.7% |
| Plant, machinery and equipment | 23 | €658 | €183 | -€476 | -72.3% |
| Furniture and vehicles | 24 | €4,313 | €21,038 | +€16,725 | +388% |
| Current assets | 29/58 | €384,570 | €258,258 | -€126,312 | -32.8% |
| Stocks and contracts in progress | 3 | €354,278 | €0 | -€354,278 | -100% |
| Stocks | 30/36 | €354,278 | €0 | -€354,278 | -100% |
| Amounts receivable within one year | 40/41 | €27,687 | €256,777 | +€229,090 | +827% |
| Trade receivables | 40 | €25,931 | €25,147 | -€784 | -3.0% |
| Other amounts receivable | 41 | €1,756 | €231,630 | +€229,874 | +13,089% |
| Cash at bank and in hand | 54/58 | €107 | €617 | +€510 | +476% |
| Deferred charges and accrued income | 490/1 | €2,498 | €865 | -€1,633 | -65.4% |
| Total equity and liabilities | 10/49 | €1,584,226 | €1,721,375 | +€137,149 | +8.7% |
| Equity | 10/15 | €304,716 | €394,536 | +€89,820 | +29.5% |
| Contributions | 10/11 | €551,100 | €551,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€246,384 | -€156,564 | +€89,820 | +36.5% |
| Amounts payable | 17/49 | €1,279,510 | €1,326,839 | +€47,329 | +3.7% |
| Amounts payable after more than one year | 17 | €1,001,349 | €1,128,440 | +€127,091 | +12.7% |
| Financial debts | 170/4 | €1,001,349 | €1,128,440 | +€127,091 | +12.7% |
| Amounts payable within one year | 42/48 | €278,161 | €198,399 | -€79,762 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €48,472 | €49,684 | +€1,212 | +2.5% |
| Trade debts | 44 | €61,702 | €68,814 | +€7,112 | +11.5% |
| Suppliers | 440/4 | €61,702 | €68,814 | +€7,112 | +11.5% |
| Taxes, remuneration and social security | 45 | €433 | €1,231 | +€797 | +184% |
| Taxes | 450/3 | €433 | €1,231 | +€797 | +184% |
| Other amounts payable | 47/48 | €167,553 | €78,670 | -€88,884 | -53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,345 | €77,400 | +€7,055 | +10.0% |
| Other operating charges | 640/8 | €764 | €2,133 | +€1,369 | +179% |
| Gross operating margin | 9900 | €46,655 | €187,478 | +€140,823 | +302% |
| Operating profit (loss) | 9901 | -€24,455 | €107,944 | +€132,399 | |
| Financial income | 75/76B | - | €294 | +€294 | |
| Recurring financial income | 75 | - | €294 | +€294 | |
| Financial charges | 65/66B | €21,220 | €18,308 | -€2,912 | -13.7% |
| Recurring financial charges | 65 | €21,220 | €18,308 | -€2,912 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€45,674 | €89,930 | +€135,604 | |
| Income taxes | 67/77 | €212 | €110 | -€102 | -48.2% |
| Profit (loss) for the period | 9904 | -€45,886 | €89,820 | +€135,706 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,886 | €89,820 | +€135,706 |
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 17 October 2026 via checked.be.