LALE: 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.
LALE
Largest movements
- Receivables within one year +€23,175
up €23,175 (+680%), from €3,408 to €26,583
of which Trade receivables: +€24,217
- Cash +€16,714
up €16,714 (+49.2%), from €33,973 to €50,687
mainly Trade debts (+€33,946) and Net result for the year (+€11,920)
- Trade debts +€33,946
up €33,946 (+271%), from €12,510 to €46,457
- Profit (loss) carried forward +€11,920
up €11,920 (+51.5%), from €23,145 to €35,064
- Tax, wage and social debts -€3,579
down €3,579 (-15.0%), from €23,801 to €20,222
of which Remuneration and social security: -€2,427
- Current portion of long-term debt -€2,312
no longer reported in 2025 (was €2,312)
- Gross operating margin -€60,763
down €60,763 (-54.9%), from €110,763 to €50,000
- Staff costs -€14,659
down €14,659 (-48.2%), from €30,402 to €15,743
- Taxes +€3,668
up €3,668 (+54.3%), from €6,759 to €10,427
- Depreciation -€2,045
down €2,045 (-22.1%), from €9,235 to €7,190
- Other operating charges -€1,502
down €1,502 (-46.7%), from €3,219 to €1,717
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.
Derived cash bridge
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 | €82,228 | €122,439 | +€40,211 | +48.9% |
| Fixed assets | 21/28 | €39,082 | €39,555 | +€473 | +1.2% |
| Tangible fixed assets | 22/27 | €30,949 | €31,422 | +€473 | +1.5% |
| Furniture and vehicles | 24 | €6,270 | €4,306 | -€1,964 | -31.3% |
| Other tangible fixed assets | 26 | €24,679 | €27,116 | +€2,437 | +9.9% |
| Financial fixed assets | 28 | €8,133 | €8,133 | = | 0.0% |
| Current assets | 29/58 | €43,146 | €82,883 | +€39,737 | +92.1% |
| Stocks and contracts in progress | 3 | €4,209 | €4,209 | = | 0.0% |
| Stocks | 30/36 | €4,209 | €4,209 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,408 | €26,583 | +€23,175 | +680% |
| Trade receivables | 40 | €1,118 | €25,335 | +€24,217 | +2,166% |
| Other amounts receivable | 41 | €2,291 | €1,249 | -€1,042 | -45.5% |
| Cash at bank and in hand | 54/58 | €33,973 | €50,687 | +€16,714 | +49.2% |
| Deferred charges and accrued income | 490/1 | €1,555 | €1,404 | -€151 | -9.7% |
| Total equity and liabilities | 10/49 | €82,228 | €122,439 | +€40,211 | +48.9% |
| Equity | 10/15 | €43,605 | €55,524 | +€11,920 | +27.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,145 | €35,064 | +€11,920 | +51.5% |
| Amounts payable | 17/49 | €38,623 | €66,914 | +€28,291 | +73.2% |
| Amounts payable within one year | 42/48 | €38,623 | €66,914 | +€28,291 | +73.2% |
| Current portion of amounts payable after more than one year | 42 | €2,312 | - | -€2,312 | |
| Trade debts | 44 | €12,510 | €46,457 | +€33,946 | +271% |
| Suppliers | 440/4 | €12,510 | €46,457 | +€33,946 | +271% |
| Taxes, remuneration and social security | 45 | €23,801 | €20,222 | -€3,579 | -15.0% |
| Taxes | 450/3 | €6,759 | €5,607 | -€1,152 | -17.0% |
| Remuneration and social security | 454/9 | €17,042 | €14,615 | -€2,427 | -14.2% |
| Other amounts payable | 47/48 | - | €236 | +€236 | |
| Non-recurring operating income | 76A | - | €1,213 | +€1,213 | |
| Remuneration, social security and pensions | 62 | €30,402 | €15,743 | -€14,659 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,235 | €7,190 | -€2,045 | -22.1% |
| Other operating charges | 640/8 | €3,219 | €1,717 | -€1,502 | -46.7% |
| Gross operating margin | 9900 | €110,763 | €50,000 | -€60,763 | -54.9% |
| Operating profit (loss) | 9901 | €67,906 | €25,350 | -€42,556 | -62.7% |
| Financial income | 75/76B | €19 | €1 | -€18 | -94.9% |
| Recurring financial income | 75 | €19 | €1 | -€18 | -94.9% |
| Financial charges | 65/66B | €1,604 | €3,004 | +€1,400 | +87.3% |
| Recurring financial charges | 65 | €1,604 | €3,004 | +€1,400 | +87.3% |
| Profit (loss) for the period before taxes | 9903 | €66,321 | €22,347 | -€43,974 | -66.3% |
| Income taxes | 67/77 | €6,759 | €10,427 | +€3,668 | +54.3% |
| Profit (loss) for the period | 9904 | €59,562 | €11,920 | -€47,643 | -80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,562 | €11,920 | -€47,643 | -80.0% |
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 25 October 2026 via checked.be.