LALEMAN: what changed
What changed
LALEMAN
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€80,464
2024 · -€72,014+€152,478
Equity
€309,966
2024 · €229,502+€80,464
Cash
€14,751
2024 · €988+€13,763
Balance sheet total
€2.1m
2024 · €1.7m+€437,709
Largest movements
Assets
- Tangible fixed assets +€336,351
up €336,351 (+26.2%), from €1.3m to €1.6m
of which Land and buildings: +€321,876
- Receivables within one year +€85,932
up €85,932 (+33.9%), from €253,522 to €339,454
of which Trade receivables: +€68,046
Equity and liabilities
- Debts after one year +€274,650
up €274,650 (+31.4%), from €873,993 to €1.1m
- Reserves +€80,464
up €80,464 (+37.1%), from €217,102 to €297,566
of which Distributable reserves: +€80,464
- Other debts +€74,386
up €74,386 (+19.9%), from €374,723 to €449,108
- Trade debts +€60,857
up €60,857 (+760%), from €8,005 to €68,862
- Tax, wage and social debts -€40,123
down €40,123 (-59.3%), from €67,640 to €27,516
of which Taxes: -€36,965
Income statement
- Gross operating margin +€153,149
up €153,149 (+147%), from €103,838 to €256,986
- Depreciation -€32,117
down €32,117 (-19.6%), from €164,182 to €132,065
- Financial charges +€29,202
up €29,202 (+324%), from €9,010 to €38,212
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€72,014
Gross operating margin
+€153,149
Depreciation
+€32,117
Other operating charges
-€1,475
Financial income
+€123
Financial charges
-€29,202
Taxes
-€2,234
Result 2025
€80,464
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€205,533
Investment
-€468,416
Financing
+€276,646
Cash 2024
€988
From operations (derived)
+€205,533
Net result for the year
+€80,464
Depreciation
+€132,065
Receivables within one year
-€85,932
Deferred charges and accrued income
-€1,663
Trade debts
+€60,857
Tax, wage and social debts
-€40,123
Advances received
-€14,520
Other debts
+€74,386
Investment (derived)
-€468,416
Investment in fixed assets (net)
-€468,416
Financing
+€276,646
Debts after one year
+€274,650
Current portion of long-term debt
+€1,996
Cash 2025
€14,751
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,688,334 | €2,126,044 | +€437,709 | +25.9% |
| Fixed assets | 21/28 | €1,433,021 | €1,769,372 | +€336,351 | +23.5% |
| Tangible fixed assets | 22/27 | €1,282,971 | €1,619,322 | +€336,351 | +26.2% |
| Land and buildings | 22 | €1,232,033 | €1,553,909 | +€321,876 | +26.1% |
| Furniture and vehicles | 24 | €50,938 | €44,107 | -€6,831 | -13.4% |
| Assets under construction and advance payments | 27 | - | €21,307 | +€21,307 | |
| Financial fixed assets | 28 | €150,050 | €150,050 | = | 0.0% |
| Current assets | 29/58 | €255,313 | €356,672 | +€101,359 | +39.7% |
| Amounts receivable within one year | 40/41 | €253,522 | €339,454 | +€85,932 | +33.9% |
| Trade receivables | 40 | €233,462 | €301,508 | +€68,046 | +29.1% |
| Other amounts receivable | 41 | €20,060 | €37,946 | +€17,886 | +89.2% |
| Cash at bank and in hand | 54/58 | €988 | €14,751 | +€13,763 | +1,393% |
| Deferred charges and accrued income | 490/1 | €803 | €2,467 | +€1,663 | +207% |
| Total equity and liabilities | 10/49 | €1,688,334 | €2,126,044 | +€437,709 | +25.9% |
| Equity | 10/15 | €229,502 | €309,966 | +€80,464 | +35.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €217,102 | €297,566 | +€80,464 | +37.1% |
| Tax-exempt reserves | 132 | €30,067 | €30,067 | = | 0.0% |
| Distributable reserves | 133 | €187,035 | €267,499 | +€80,464 | +43.0% |
| Amounts payable | 17/49 | €1,458,832 | €1,816,077 | +€357,246 | +24.5% |
| Amounts payable after more than one year | 17 | €873,993 | €1,148,643 | +€274,650 | +31.4% |
| Financial debts | 170/4 | €873,993 | €1,148,643 | +€274,650 | +31.4% |
| Amounts payable within one year | 42/48 | €584,839 | €667,434 | +€82,596 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €110,896 | €112,892 | +€1,996 | +1.8% |
| Trade debts | 44 | €8,005 | €68,862 | +€60,857 | +760% |
| Suppliers | 440/4 | €8,005 | €68,862 | +€60,857 | +760% |
| Advances received on contracts in progress | 46 | €23,576 | €9,056 | -€14,520 | -61.6% |
| Taxes, remuneration and social security | 45 | €67,640 | €27,516 | -€40,123 | -59.3% |
| Taxes | 450/3 | €48,058 | €11,094 | -€36,965 | -76.9% |
| Remuneration and social security | 454/9 | €19,581 | €16,423 | -€3,159 | -16.1% |
| Other amounts payable | 47/48 | €374,723 | €449,108 | +€74,386 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,182 | €132,065 | -€32,117 | -19.6% |
| Other operating charges | 640/8 | €2,660 | €4,135 | +€1,475 | +55.4% |
| Gross operating margin | 9900 | €103,838 | €256,986 | +€153,149 | +147% |
| Operating profit (loss) | 9901 | -€63,004 | €120,787 | +€183,791 | |
| Financial income | 75/76B | €0 | €123 | +€123 | +1,234,100% |
| Recurring financial income | 75 | €0 | €123 | +€123 | +1,234,100% |
| Financial charges | 65/66B | €9,010 | €38,212 | +€29,202 | +324% |
| Recurring financial charges | 65 | €9,010 | €38,212 | +€29,202 | +324% |
| Profit (loss) for the period before taxes | 9903 | -€72,014 | €82,698 | +€154,712 | |
| Income taxes | 67/77 | €0 | €2,234 | +€2,234 | |
| Profit (loss) for the period | 9904 | -€72,014 | €80,464 | +€152,478 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,014 | €80,464 | +€152,478 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.