LAKH: 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.
LAKH
Largest movements
- Receivables within one year -€105,985
down €105,985 (-88.1%), from €120,301 to €14,316
of which Trade receivables: -€83,092
- Cash +€43,711
up €43,711 (+48.3%), from €90,413 to €134,124
mainly Receivables within one year (+€105,985) and Net result for the year (+€42,512)
- Stocks and contracts +€19,773
up €19,773 (+17.8%), from €111,374 to €131,147
- Tangible fixed assets +€4,110
up €4,110 (+26.9%), from €15,259 to €19,369
of which Land and buildings: +€4,003
- Advances received -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Reserves +€43,000
up €43,000 (+50.8%), from €84,700 to €127,700
- Trade debts +€33,069
up €33,069 (+73.2%), from €45,192 to €78,261
- Tax, wage and social debts +€19,774
up €19,774 (+100.2%), from €19,732 to €39,506
of which Taxes: +€14,447
- Debts after one year -€19,632
down €19,632 (-35.6%), from €55,077 to €35,446
- Gross operating margin +€107,839
up €107,839 (+164.8%), from €65,441 to €173,281
- Staff costs +€36,967
up €36,967 (+102.5%), from €36,082 to €73,049
- Taxes +€17,989
up €17,989 (+2041.7%), from €881 to €18,870
- Financial charges +€5,022
up €5,022 (+43.2%), from €11,633 to €16,655
- Other operating charges -€3,269
down €3,269 (-63.4%), from €5,155 to €1,886
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 | €351,991 | €312,719 | -€39,272 | -11.2% |
| Fixed assets | 21/28 | €29,409 | €31,146 | +€1,737 | +5.9% |
| Intangible fixed assets | 21 | €14,150 | €11,777 | -€2,373 | -16.8% |
| Tangible fixed assets | 22/27 | €15,259 | €19,369 | +€4,110 | +26.9% |
| Land and buildings | 22 | €11,700 | €15,704 | +€4,003 | +34.2% |
| Plant, machinery and equipment | 23 | €1,340 | €901 | -€439 | -32.8% |
| Furniture and vehicles | 24 | €2,219 | €2,764 | +€546 | +24.6% |
| Current assets | 29/58 | €322,581 | €281,573 | -€41,009 | -12.7% |
| Stocks and contracts in progress | 3 | €111,374 | €131,147 | +€19,773 | +17.8% |
| Stocks | 30/36 | €111,374 | €131,147 | +€19,773 | +17.8% |
| Amounts receivable within one year | 40/41 | €120,301 | €14,316 | -€105,985 | -88.1% |
| Trade receivables | 40 | €83,593 | €501 | -€83,092 | -99.4% |
| Other amounts receivable | 41 | €36,708 | €13,815 | -€22,893 | -62.4% |
| Cash at bank and in hand | 54/58 | €90,413 | €134,124 | +€43,711 | +48.3% |
| Deferred charges and accrued income | 490/1 | €494 | €1,986 | +€1,492 | +302.2% |
| Total equity and liabilities | 10/49 | €351,991 | €312,719 | -€39,272 | -11.2% |
| Equity | 10/15 | €89,119 | €131,631 | +€42,512 | +47.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €84,700 | €127,700 | +€43,000 | +50.8% |
| Distributable reserves | 133 | €84,700 | €127,700 | +€43,000 | +50.8% |
| Profit (loss) carried forward | 14 | €1,419 | €931 | -€488 | -34.4% |
| Amounts payable | 17/49 | €262,872 | €181,087 | -€81,784 | -31.1% |
| Amounts payable after more than one year | 17 | €55,077 | €35,446 | -€19,632 | -35.6% |
| Financial debts | 170/4 | €55,077 | €35,446 | -€19,632 | -35.6% |
| Amounts payable within one year | 42/48 | €203,294 | €145,642 | -€57,653 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €12,065 | €12,632 | +€567 | +4.7% |
| Trade debts | 44 | €45,192 | €78,261 | +€33,069 | +73.2% |
| Suppliers | 440/4 | €45,192 | €78,261 | +€33,069 | +73.2% |
| Advances received on contracts in progress | 46 | €100,000 | €0 | -€100,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €19,732 | €39,506 | +€19,774 | +100.2% |
| Taxes | 450/3 | €6,933 | €21,380 | +€14,447 | +208.4% |
| Remuneration and social security | 454/9 | €12,800 | €18,127 | +€5,327 | +41.6% |
| Other amounts payable | 47/48 | €26,306 | €15,243 | -€11,063 | -42.1% |
| Accrued charges and deferred income | 492/3 | €4,500 | €0 | -€4,500 | -100.0% |
| Non-recurring operating income | 76A | €12,156 | €0 | -€12,156 | -100.0% |
| Remuneration, social security and pensions | 62 | €36,082 | €73,049 | +€36,967 | +102.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,116 | €5,917 | -€3,199 | -35.1% |
| Other operating charges | 640/8 | €5,155 | €1,886 | -€3,269 | -63.4% |
| Non-recurring operating charges | 66A | - | €15,397 | +€15,397 | |
| Gross operating margin | 9900 | €65,441 | €173,281 | +€107,839 | +164.8% |
| Operating profit (loss) | 9901 | €15,088 | €77,031 | +€61,944 | +410.6% |
| Financial income | 75/76B | €130 | €1,006 | +€876 | +672.3% |
| Recurring financial income | 75 | €130 | €1,006 | +€876 | +672.3% |
| Financial charges | 65/66B | €11,633 | €16,655 | +€5,022 | +43.2% |
| Recurring financial charges | 65 | €11,633 | €16,655 | +€5,022 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | €3,585 | €61,382 | +€57,798 | +1612.3% |
| Income taxes | 67/77 | €881 | €18,870 | +€17,989 | +2041.7% |
| Profit (loss) for the period | 9904 | €2,704 | €42,512 | +€39,809 | +1472.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,704 | €42,512 | +€39,809 | +1472.4% |
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 5 October 2026 via checked.be.