LAKI: 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.
LAKI
Largest movements
- Tangible fixed assets -€40,304
down €40,304 (-7.4%), from €547,392 to €507,088
of which Land and buildings: -€42,946
- Reserves +€22,850
up €22,850 (+5.8%), from €394,100 to €416,950
- Debts after one year -€22,207
down €22,207 (-10.3%), from €214,884 to €192,677
- Current portion of long-term debt -€20,043
down €20,043 (-47.4%), from €42,250 to €22,207
- Tax, wage and social debts -€14,692
down €14,692 (-65.5%), from €22,420 to €7,728
- Financial charges +€3,962
up €3,962 (+82.3%), from €4,817 to €8,779
- Taxes -€3,467
down €3,467 (-25.6%), from €13,543 to €10,076
- Depreciation +€3,160
up €3,160 (+5.2%), from €60,585 to €63,745
- Financial income +€1,351
up €1,351 (+11.2%), from €12,091 to €13,442
- Gross operating margin +€971
up €971 (+1.0%), from €95,030 to €96,001
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 | €704,928 | €669,936 | -€34,992 | -5.0% |
| Fixed assets | 21/28 | €547,392 | €507,088 | -€40,304 | -7.4% |
| Tangible fixed assets | 22/27 | €547,392 | €507,088 | -€40,304 | -7.4% |
| Land and buildings | 22 | €542,783 | €499,837 | -€42,946 | -7.9% |
| Plant, machinery and equipment | 23 | €4,609 | €7,250 | +€2,642 | +57.3% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €157,537 | €162,848 | +€5,311 | +3.4% |
| Amounts receivable within one year | 40/41 | €119,944 | €119,442 | -€502 | -0.4% |
| Trade receivables | 40 | €51,147 | €51,147 | = | 0.0% |
| Other amounts receivable | 41 | €68,797 | €68,295 | -€502 | -0.7% |
| Cash at bank and in hand | 54/58 | €35,294 | €40,844 | +€5,550 | +15.7% |
| Deferred charges and accrued income | 490/1 | €2,299 | €2,563 | +€263 | +11.5% |
| Total equity and liabilities | 10/49 | €704,928 | €669,936 | -€34,992 | -5.0% |
| Equity | 10/15 | €416,549 | €439,438 | +€22,889 | +5.5% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €394,100 | €416,950 | +€22,850 | +5.8% |
| Distributable reserves | 133 | €394,100 | €416,950 | +€22,850 | +5.8% |
| Profit (loss) carried forward | 14 | €449 | €488 | +€39 | +8.6% |
| Amounts payable | 17/49 | €288,379 | €230,498 | -€57,881 | -20.1% |
| Amounts payable after more than one year | 17 | €214,884 | €192,677 | -€22,207 | -10.3% |
| Financial debts | 170/4 | €214,884 | €192,677 | -€22,207 | -10.3% |
| Amounts payable within one year | 42/48 | €73,495 | €35,399 | -€38,096 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €42,250 | €22,207 | -€20,043 | -47.4% |
| Trade debts | 44 | €8,825 | €5,464 | -€3,361 | -38.1% |
| Suppliers | 440/4 | €8,825 | €5,464 | -€3,361 | -38.1% |
| Taxes, remuneration and social security | 45 | €22,420 | €7,728 | -€14,692 | -65.5% |
| Taxes | 450/3 | €22,420 | €7,728 | -€14,692 | -65.5% |
| Accrued charges and deferred income | 492/3 | - | €2,422 | +€2,422 | |
| Non-recurring operating income | 76A | €3 | - | -€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,585 | €63,745 | +€3,160 | +5.2% |
| Other operating charges | 640/8 | €3,883 | €3,954 | +€72 | +1.9% |
| Gross operating margin | 9900 | €95,030 | €96,001 | +€971 | +1.0% |
| Operating profit (loss) | 9901 | €30,563 | €28,302 | -€2,260 | -7.4% |
| Financial income | 75/76B | €12,091 | €13,442 | +€1,351 | +11.2% |
| Recurring financial income | 75 | €12,091 | €13,442 | +€1,351 | +11.2% |
| Financial charges | 65/66B | €4,817 | €8,779 | +€3,962 | +82.3% |
| Recurring financial charges | 65 | €4,817 | €8,779 | +€3,962 | +82.3% |
| Profit (loss) for the period before taxes | 9903 | €37,836 | €32,964 | -€4,872 | -12.9% |
| Income taxes | 67/77 | €13,543 | €10,076 | -€3,467 | -25.6% |
| Profit (loss) for the period | 9904 | €24,293 | €22,889 | -€1,405 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,293 | €22,889 | -€1,405 | -5.8% |
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.