LAKO: 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.
LAKO
Largest movements
- Cash +€645,360
up €645,360 (+212.4%), from €303,793 to €949,154
mainly Net result for the year (+€337,546) and Current investments (+€310,000)
- Current investments -€310,000
down €310,000 (-31.5%), from €985,340 to €675,340
- Receivables within one year -€34,802
down €34,802 (-39.6%), from €87,798 to €52,996
of which Trade receivables: -€27,827
- Reserves +€337,546
up €337,546 (+26.3%), from €1.3m to €1.6m
of which Distributable reserves: +€295,446
- Trade debts -€41,090
down €41,090 (-75.0%), from €54,811 to €13,721
- Gross operating margin +€112,937
up €112,937 (+31.8%), from €354,611 to €467,548
- Taxes +€28,231
up €28,231 (+24.5%), from €115,021 to €143,252
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 | €1,435,077 | €1,728,503 | +€293,427 | +20.4% |
| Fixed assets | 21/28 | €55,554 | €50,342 | -€5,212 | -9.4% |
| Tangible fixed assets | 22/27 | €43,554 | €38,342 | -€5,212 | -12.0% |
| Plant, machinery and equipment | 23 | €1,762 | €108 | -€1,654 | -93.9% |
| Furniture and vehicles | 24 | €4,967 | €3,308 | -€1,658 | -33.4% |
| Leasing and similar rights | 25 | €28,004 | €19,988 | -€8,016 | -28.6% |
| Other tangible fixed assets | 26 | €8,821 | €14,938 | +€6,117 | +69.3% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €1,379,523 | €1,678,161 | +€298,639 | +21.6% |
| Amounts receivable within one year | 40/41 | €87,798 | €52,996 | -€34,802 | -39.6% |
| Trade receivables | 40 | €75,347 | €47,519 | -€27,827 | -36.9% |
| Other amounts receivable | 41 | €12,451 | €5,476 | -€6,975 | -56.0% |
| Current investments | 50/53 | €985,340 | €675,340 | -€310,000 | -31.5% |
| Cash at bank and in hand | 54/58 | €303,793 | €949,154 | +€645,360 | +212.4% |
| Deferred charges and accrued income | 490/1 | €2,591 | €672 | -€1,920 | -74.1% |
| Total equity and liabilities | 10/49 | €1,435,077 | €1,728,503 | +€293,427 | +20.4% |
| Equity | 10/15 | €1,303,586 | €1,641,132 | +€337,546 | +25.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,283,586 | €1,621,132 | +€337,546 | +26.3% |
| Tax-exempt reserves | 132 | €252,600 | €294,700 | +€42,100 | +16.7% |
| Distributable reserves | 133 | €1,030,986 | €1,326,432 | +€295,446 | +28.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €131,490 | €87,371 | -€44,119 | -33.6% |
| Amounts payable after more than one year | 17 | €7,603 | €1,603 | -€6,000 | -78.9% |
| Financial debts | 170/4 | €7,603 | €1,603 | -€6,000 | -78.9% |
| Amounts payable within one year | 42/48 | €123,887 | €85,768 | -€38,119 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €9,950 | €6,000 | -€3,950 | -39.7% |
| Trade debts | 44 | €54,811 | €13,721 | -€41,090 | -75.0% |
| Suppliers | 440/4 | €54,811 | €13,721 | -€41,090 | -75.0% |
| Taxes, remuneration and social security | 45 | €46,049 | €52,322 | +€6,273 | +13.6% |
| Taxes | 450/3 | €25,359 | €37,167 | +€11,808 | +46.6% |
| Remuneration and social security | 454/9 | €20,690 | €15,155 | -€5,535 | -26.8% |
| Other amounts payable | 47/48 | €13,077 | €13,725 | +€648 | +5.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,219 | €12,549 | +€330 | +2.7% |
| Other operating charges | 640/8 | €3,420 | €3,176 | -€244 | -7.1% |
| Gross operating margin | 9900 | €354,611 | €467,548 | +€112,937 | +31.8% |
| Operating profit (loss) | 9901 | €338,972 | €451,823 | +€112,851 | +33.3% |
| Financial income | 75/76B | €28,034 | €30,760 | +€2,726 | +9.7% |
| Recurring financial income | 75 | €28,034 | €30,760 | +€2,726 | +9.7% |
| Financial charges | 65/66B | €2,521 | €1,786 | -€736 | -29.2% |
| Recurring financial charges | 65 | €2,521 | €1,786 | -€736 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €364,485 | €480,797 | +€116,312 | +31.9% |
| Income taxes | 67/77 | €115,021 | €143,252 | +€28,231 | +24.5% |
| Profit (loss) for the period | 9904 | €249,464 | €337,546 | +€88,081 | +35.3% |
| Transfer from tax-exempt reserves | 789 | - | €126,300 | +€126,300 | |
| Transfer to tax-exempt reserves | 689 | €0 | €168,400 | +€168,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €249,464 | €295,446 | +€45,981 | +18.4% |
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 9 October 2026 via checked.be.