LAKAZ: 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.
LAKAZ
Largest movements
- Tangible fixed assets -€1.1m
down €1.1m (-57.7%), from €1.8m to €777,066
of which Land and buildings: -€1.0m
- Other debts -€952,487
down €952,487 (-50.5%), from €1.9m to €934,904
- Tax, wage and social debts -€83,518
down €83,518 (-31.0%), from €269,562 to €186,043
- Depreciation -€46,779
down €46,779 (-64.0%), from €73,128 to €26,349
- Gross operating margin -€36,150
down €36,150 (-59.2%), from €61,105 to €24,955
- Other operating charges +€9,342
up €9,342 (+632%), from €1,479 to €10,821
- Financial charges -€765
down €765 (-80.5%), from €949 to €185
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 | €2,034,035 | €965,226 | -€1.1m | -52.5% |
| Fixed assets | 21/28 | €1,837,374 | €777,066 | -€1.1m | -57.7% |
| Tangible fixed assets | 22/27 | €1,837,374 | €777,066 | -€1.1m | -57.7% |
| Land and buildings | 22 | €1,802,182 | €773,902 | -€1.0m | -57.1% |
| Furniture and vehicles | 24 | €35,192 | €3,164 | -€32,028 | -91.0% |
| Current assets | 29/58 | €196,661 | €188,160 | -€8,501 | -4.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €13,691 | €4,301 | -€9,390 | -68.6% |
| Trade receivables | 40 | €13,691 | €4,301 | -€9,390 | -68.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €182,502 | €183,096 | +€594 | +0.3% |
| Deferred charges and accrued income | 490/1 | €468 | €763 | +€295 | +63.1% |
| Total equity and liabilities | 10/49 | €2,034,035 | €965,226 | -€1.1m | -52.5% |
| Equity | 10/15 | -€214,665 | -€231,305 | -€16,640 | -7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€233,265 | -€249,905 | -€16,640 | -7.1% |
| Amounts payable | 17/49 | €2,248,700 | €1,196,531 | -€1.1m | -46.8% |
| Amounts payable within one year | 42/48 | €2,244,681 | €1,195,532 | -€1.0m | -46.7% |
| Trade debts | 44 | €87,728 | €74,585 | -€13,143 | -15.0% |
| Suppliers | 440/4 | €87,728 | €74,585 | -€13,143 | -15.0% |
| Taxes, remuneration and social security | 45 | €269,562 | €186,043 | -€83,518 | -31.0% |
| Taxes | 450/3 | €269,562 | €186,043 | -€83,518 | -31.0% |
| Other amounts payable | 47/48 | €1,887,392 | €934,904 | -€952,487 | -50.5% |
| Accrued charges and deferred income | 492/3 | €4,019 | €998 | -€3,020 | -75.2% |
| Non-recurring operating income | 76A | €28,694 | €29,641 | +€947 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,128 | €26,349 | -€46,779 | -64.0% |
| Other operating charges | 640/8 | €1,479 | €10,821 | +€9,342 | +632% |
| Non-recurring operating charges | 66A | - | €4,244 | +€4,244 | |
| Gross operating margin | 9900 | €61,105 | €24,955 | -€36,150 | -59.2% |
| Operating profit (loss) | 9901 | -€13,502 | -€16,459 | -€2,957 | -21.9% |
| Financial income | 75/76B | €226 | €6 | -€220 | -97.3% |
| Recurring financial income | 75 | €226 | €6 | -€220 | -97.3% |
| Financial charges | 65/66B | €949 | €185 | -€765 | -80.5% |
| Recurring financial charges | 65 | €949 | €185 | -€765 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,225 | -€16,638 | -€2,413 | -17.0% |
| Income taxes | 67/77 | €417 | €2 | -€416 | -99.6% |
| Profit (loss) for the period | 9904 | -€14,643 | -€16,640 | -€1,997 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,643 | -€16,640 | -€1,997 | -13.6% |
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 20 October 2026 via checked.be.