LAL: 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.
LAL
Largest movements
- Tangible fixed assets +€102,088
up €102,088 (+103.5%), from €98,602 to €200,690
of which Leasing and similar rights: +€99,819
- Receivables within one year +€34,965
up €34,965 (+58.5%), from €59,778 to €94,743
of which Other amounts receivable: +€29,241
- Cash +€30,739
up €30,739 (+100.5%), from €30,574 to €61,314
mainly Net result for the year (+€73,179) and Debts after one year (+€70,973)
- Debts after one year +€70,973
up €70,973 (+112.5%), from €63,109 to €134,082
- Other debts +€57,059
new in 2025: €57,059
- Current portion of long-term debt +€22,564
up €22,564 (+110.1%), from €20,489 to €43,053
- Profit (loss) carried forward +€16,120
up €16,120 (+22.3%), from €72,383 to €88,503
- Gross operating margin +€88,528
up €88,528 (+68.6%), from €129,032 to €217,560
- Staff costs +€30,780
up €30,780 (+48.7%), from €63,157 to €93,936
- Depreciation +€6,637
up €6,637 (+26.4%), from €25,175 to €31,812
- Taxes +€5,896
up €5,896 (+83.9%), from €7,026 to €12,922
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 | €188,955 | €360,040 | +€171,085 | +90.5% |
| Fixed assets | 21/28 | €98,602 | €200,690 | +€102,088 | +103.5% |
| Tangible fixed assets | 22/27 | €98,602 | €200,690 | +€102,088 | +103.5% |
| Furniture and vehicles | 24 | - | €2,268 | +€2,268 | |
| Leasing and similar rights | 25 | €98,602 | €198,422 | +€99,819 | +101.2% |
| Current assets | 29/58 | €90,353 | €159,350 | +€68,997 | +76.4% |
| Amounts receivable within one year | 40/41 | €59,778 | €94,743 | +€34,965 | +58.5% |
| Trade receivables | 40 | €55,271 | €60,994 | +€5,724 | +10.4% |
| Other amounts receivable | 41 | €4,508 | €33,749 | +€29,241 | +648.7% |
| Cash at bank and in hand | 54/58 | €30,574 | €61,314 | +€30,739 | +100.5% |
| Deferred charges and accrued income | 490/1 | - | €3,293 | +€3,293 | |
| Total equity and liabilities | 10/49 | €188,955 | €360,040 | +€171,085 | +90.5% |
| Equity | 10/15 | €75,383 | €91,503 | +€16,120 | +21.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,383 | €88,503 | +€16,120 | +22.3% |
| Amounts payable | 17/49 | €113,572 | €268,537 | +€154,965 | +136.4% |
| Amounts payable after more than one year | 17 | €63,109 | €134,082 | +€70,973 | +112.5% |
| Financial debts | 170/4 | €63,109 | €134,082 | +€70,973 | +112.5% |
| Amounts payable within one year | 42/48 | €50,463 | €134,455 | +€83,991 | +166.4% |
| Current portion of amounts payable after more than one year | 42 | €20,489 | €43,053 | +€22,564 | +110.1% |
| Trade debts | 44 | €10,517 | €12,771 | +€2,254 | +21.4% |
| Suppliers | 440/4 | €10,517 | €12,771 | +€2,254 | +21.4% |
| Taxes, remuneration and social security | 45 | €19,458 | €21,572 | +€2,114 | +10.9% |
| Taxes | 450/3 | €8,286 | €11,433 | +€3,147 | +38.0% |
| Remuneration and social security | 454/9 | €11,172 | €10,139 | -€1,032 | -9.2% |
| Other amounts payable | 47/48 | - | €57,059 | +€57,059 | |
| Remuneration, social security and pensions | 62 | €63,157 | €93,936 | +€30,780 | +48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,175 | €31,812 | +€6,637 | +26.4% |
| Other operating charges | 640/8 | €121 | €400 | +€279 | +231.0% |
| Gross operating margin | 9900 | €129,032 | €217,560 | +€88,528 | +68.6% |
| Operating profit (loss) | 9901 | €40,579 | €91,411 | +€50,832 | +125.3% |
| Financial income | 75/76B | €5 | €1,146 | +€1,141 | +22950.1% |
| Recurring financial income | 75 | €5 | €1,146 | +€1,141 | +22950.1% |
| Financial charges | 65/66B | €6,781 | €6,456 | -€325 | -4.8% |
| Recurring financial charges | 65 | €6,781 | €6,456 | -€325 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €33,804 | €86,101 | +€52,298 | +154.7% |
| Income taxes | 67/77 | €7,026 | €12,922 | +€5,896 | +83.9% |
| Profit (loss) for the period | 9904 | €26,777 | €73,179 | +€46,402 | +173.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,777 | €73,179 | +€46,402 | +173.3% |
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 11 October 2026 via checked.be.