LAKONIA: 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.
LAKONIA
Largest movements
- Receivables within one year +€102,844
up €102,844 (+2619.9%), from €3,926 to €106,770
- Cash -€65,987
down €65,987 (-37.1%), from €177,772 to €111,785
mainly Investment in fixed assets (net) (-€139,991) and Receivables within one year (-€102,844)
- Tangible fixed assets +€46,319
up €46,319 (+10.3%), from €450,697 to €497,017
of which Land and buildings: +€115,103
- Trade debts +€233,389
up €233,389 (+351.2%), from €66,457 to €299,846
- Profit (loss) carried forward -€94,356
down €94,356, from €0 to -€94,356
- Debts after one year -€24,839
down €24,839 (-13.6%), from €182,812 to €157,973
- Current portion of long-term debt -€21,353
down €21,353 (-46.2%), from €46,192 to €24,839
- Advances received +€19,031
up €19,031 (+118.0%), from €16,124 to €35,156
- Gross operating margin -€156,984
down €156,984 (-33.8%), from €464,318 to €307,334
- Staff costs +€32,227
up €32,227 (+12.7%), from €254,487 to €286,714
- Taxes -€7,053
no longer reported in 2025 (was €7,053)
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 | €634,692 | €719,272 | +€84,580 | +13.3% |
| Fixed assets | 21/28 | €452,084 | €498,404 | +€46,319 | +10.2% |
| Tangible fixed assets | 22/27 | €450,697 | €497,017 | +€46,319 | +10.3% |
| Land and buildings | 22 | €138,667 | €253,770 | +€115,103 | +83.0% |
| Plant, machinery and equipment | 23 | €304,461 | €238,487 | -€65,974 | -21.7% |
| Furniture and vehicles | 24 | €7,569 | €4,759 | -€2,810 | -37.1% |
| Financial fixed assets | 28 | €1,387 | €1,387 | = | 0.0% |
| Current assets | 29/58 | €182,608 | €220,869 | +€38,261 | +21.0% |
| Amounts receivable within one year | 40/41 | €3,926 | €106,770 | +€102,844 | +2619.9% |
| Other amounts receivable | 41 | €3,926 | €106,770 | +€102,844 | +2619.9% |
| Cash at bank and in hand | 54/58 | €177,772 | €111,785 | -€65,987 | -37.1% |
| Deferred charges and accrued income | 490/1 | €910 | €2,313 | +€1,403 | +154.1% |
| Total equity and liabilities | 10/49 | €634,692 | €719,272 | +€84,580 | +13.3% |
| Equity | 10/15 | €270,837 | €176,481 | -€94,356 | -34.8% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €171,679 | €171,679 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,920 | €9,920 | = | 0.0% |
| Legal reserve | 130 | €9,920 | €9,920 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,828 | €16,828 | = | 0.0% |
| Distributable reserves | 133 | €144,931 | €144,931 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€94,356 | -€94,356 | |
| Amounts payable | 17/49 | €363,855 | €542,792 | +€178,936 | +49.2% |
| Amounts payable after more than one year | 17 | €182,812 | €157,973 | -€24,839 | -13.6% |
| Financial debts | 170/4 | €182,812 | €157,973 | -€24,839 | -13.6% |
| Amounts payable within one year | 42/48 | €181,044 | €384,818 | +€203,775 | +112.6% |
| Current portion of amounts payable after more than one year | 42 | €46,192 | €24,839 | -€21,353 | -46.2% |
| Trade debts | 44 | €66,457 | €299,846 | +€233,389 | +351.2% |
| Suppliers | 440/4 | €66,457 | €299,846 | +€233,389 | +351.2% |
| Advances received on contracts in progress | 46 | €16,124 | €35,156 | +€19,031 | +118.0% |
| Taxes, remuneration and social security | 45 | €38,344 | €24,978 | -€13,366 | -34.9% |
| Taxes | 450/3 | €7,053 | €8,423 | +€1,370 | +19.4% |
| Remuneration and social security | 454/9 | €31,292 | €16,555 | -€14,736 | -47.1% |
| Other amounts payable | 47/48 | €13,926 | - | -€13,926 | |
| Remuneration, social security and pensions | 62 | €254,487 | €286,714 | +€32,227 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,885 | €93,672 | +€2,787 | +3.1% |
| Other operating charges | 640/8 | €11,741 | €11,756 | +€15 | +0.1% |
| Non-recurring operating charges | 66A | €638 | - | -€638 | |
| Gross operating margin | 9900 | €464,318 | €307,334 | -€156,984 | -33.8% |
| Operating profit (loss) | 9901 | €106,568 | -€84,808 | -€191,375 | |
| Financial income | 75/76B | €333 | €99 | -€234 | -70.3% |
| Recurring financial income | 75 | €333 | €99 | -€234 | -70.3% |
| Financial charges | 65/66B | €9,689 | €9,647 | -€42 | -0.4% |
| Recurring financial charges | 65 | €9,689 | €9,647 | -€42 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €97,211 | -€94,356 | -€191,567 | |
| Income taxes | 67/77 | €7,053 | - | -€7,053 | |
| Profit (loss) for the period | 9904 | €90,158 | -€94,356 | -€184,514 | |
| Profit (loss) for the period to be appropriated | 9905 | €90,158 | -€94,356 | -€184,514 |
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.