LAKHMAS: 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.
LAKHMAS
Largest movements
- Tangible fixed assets +€30,545
up €30,545 (+124.6%), from €24,516 to €55,061
of which Furniture and vehicles: +€26,512
- Cash -€10,084
down €10,084 (-13.1%), from €77,031 to €66,947
mainly Investment in fixed assets (net) (-€42,755) and Trade debts (-€39,338)
- Receivables within one year -€5,897
down €5,897 (-10.2%), from €57,775 to €51,878
of which Trade receivables: -€13,481
- Trade debts -€39,338
down €39,338 (-61.1%), from €64,373 to €25,036
- Debts after one year +€31,733
up €31,733 (+971.2%), from €3,267 to €35,000
- Profit (loss) carried forward +€23,995
up €23,995 (+36.6%), from €65,546 to €89,541
- Gross operating margin +€20,828
up €20,828 (+13.3%), from €156,370 to €177,198
- Staff costs +€3,275
up €3,275 (+2.6%), from €124,180 to €127,455
- Taxes +€3,066
up €3,066 (+48.4%), from €6,342 to €9,408
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 | €239,457 | €255,017 | +€15,560 | +6.5% |
| Fixed assets | 21/28 | €24,516 | €55,061 | +€30,545 | +124.6% |
| Tangible fixed assets | 22/27 | €24,516 | €55,061 | +€30,545 | +124.6% |
| Furniture and vehicles | 24 | €23,701 | €50,214 | +€26,512 | +111.9% |
| Other tangible fixed assets | 26 | €815 | €4,847 | +€4,033 | +495.0% |
| Current assets | 29/58 | €214,941 | €199,956 | -€14,985 | -7.0% |
| Amounts receivable after more than one year | 29 | €64,800 | €64,800 | = | 0.0% |
| Trade receivables | 290 | €45,000 | €45,000 | = | 0.0% |
| Other amounts receivable | 291 | €19,800 | €19,800 | = | 0.0% |
| Stocks and contracts in progress | 3 | €12,646 | €13,115 | +€469 | +3.7% |
| Stocks | 30/36 | €12,646 | €13,115 | +€469 | +3.7% |
| Amounts receivable within one year | 40/41 | €57,775 | €51,878 | -€5,897 | -10.2% |
| Trade receivables | 40 | €50,453 | €36,971 | -€13,481 | -26.7% |
| Other amounts receivable | 41 | €7,322 | €14,907 | +€7,584 | +103.6% |
| Cash at bank and in hand | 54/58 | €77,031 | €66,947 | -€10,084 | -13.1% |
| Deferred charges and accrued income | 490/1 | €2,688 | €3,215 | +€527 | +19.6% |
| Total equity and liabilities | 10/49 | €239,457 | €255,017 | +€15,560 | +6.5% |
| Equity | 10/15 | €147,522 | €171,517 | +€23,995 | +16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,376 | €63,376 | = | 0.0% |
| Non-distributable reserves | 130/1 | €930 | €930 | = | 0.0% |
| Legal reserve | 130 | €930 | €930 | = | 0.0% |
| Distributable reserves | 133 | €62,446 | €62,446 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,546 | €89,541 | +€23,995 | +36.6% |
| Amounts payable | 17/49 | €91,935 | €83,500 | -€8,435 | -9.2% |
| Amounts payable after more than one year | 17 | €3,267 | €35,000 | +€31,733 | +971.2% |
| Financial debts | 170/4 | €3,267 | €35,000 | +€31,733 | +971.2% |
| Amounts payable within one year | 42/48 | €88,668 | €48,500 | -€40,168 | -45.3% |
| Trade debts | 44 | €64,373 | €25,036 | -€39,338 | -61.1% |
| Suppliers | 440/4 | €64,373 | €25,036 | -€39,338 | -61.1% |
| Taxes, remuneration and social security | 45 | €21,995 | €21,164 | -€830 | -3.8% |
| Taxes | 450/3 | €7,469 | €6,286 | -€1,182 | -15.8% |
| Remuneration and social security | 454/9 | €14,526 | €14,878 | +€352 | +2.4% |
| Other amounts payable | 47/48 | €2,300 | €2,300 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €124,180 | €127,455 | +€3,275 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,377 | €12,210 | -€167 | -1.3% |
| Other operating charges | 640/8 | €1,379 | €2,059 | +€680 | +49.3% |
| Gross operating margin | 9900 | €156,370 | €177,198 | +€20,828 | +13.3% |
| Operating profit (loss) | 9901 | €18,433 | €35,474 | +€17,041 | +92.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,827 | €2,070 | +€243 | +13.3% |
| Recurring financial charges | 65 | €1,827 | €2,070 | +€243 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €16,606 | €33,404 | +€16,797 | +101.2% |
| Income taxes | 67/77 | €6,342 | €9,408 | +€3,066 | +48.4% |
| Profit (loss) for the period | 9904 | €10,264 | €23,995 | +€13,731 | +133.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,264 | €23,995 | +€13,731 | +133.8% |
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 12 October 2026 via checked.be.