LALEY: 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.
LALEY
Largest movements
- Cash +€29,595
up €29,595 (+47.8%), from €61,914 to €91,509
mainly Net result for the year (+€56,535) and Tax, wage and social debts (+€6,033)
- Receivables within one year +€15,236
up €15,236 (+106%), from €14,355 to €29,591
of which Trade receivables: +€15,251
- Tangible fixed assets +€9,135
up €9,135 (+15.2%), from €59,982 to €69,117
of which Land and buildings: +€7,469
- Receivables after one year +€5,572
up €5,572 (+20.8%), from €26,741 to €32,313
- Deferred charges and accrued income +€2,275
up €2,275 (+5,393%), from €42 to €2,317
- Profit (loss) carried forward +€56,535
up €56,535 (+93.3%), from €60,590 to €117,124
- Tax, wage and social debts +€6,033
up €6,033 (+91.8%), from €6,572 to €12,605
- Debts after one year -€2,648
down €2,648 (-4.5%), from €59,238 to €56,590
- Gross operating margin +€46,519
up €46,519 (+88.0%), from €52,844 to €99,363
- Write-downs +€12,711
new in 2025: €12,711
- Taxes +€10,769
up €10,769 (+104%), from €10,324 to €21,093
- Staff costs -€1,600
down €1,600 (-83.3%), from €1,920 to €320
- Financial income -€1,445
down €1,445 (-80.1%), from €1,805 to €360
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 | €163,033 | €224,847 | +€61,814 | +37.9% |
| Fixed assets | 21/28 | €59,982 | €69,117 | +€9,135 | +15.2% |
| Tangible fixed assets | 22/27 | €59,982 | €69,117 | +€9,135 | +15.2% |
| Land and buildings | 22 | €59,209 | €66,679 | +€7,469 | +12.6% |
| Furniture and vehicles | 24 | €773 | €2,439 | +€1,666 | +216% |
| Current assets | 29/58 | €103,051 | €155,730 | +€52,679 | +51.1% |
| Amounts receivable after more than one year | 29 | €26,741 | €32,313 | +€5,572 | +20.8% |
| Other amounts receivable | 291 | €26,741 | €32,313 | +€5,572 | +20.8% |
| Amounts receivable within one year | 40/41 | €14,355 | €29,591 | +€15,236 | +106% |
| Trade receivables | 40 | €5,658 | €20,909 | +€15,251 | +270% |
| Other amounts receivable | 41 | €8,697 | €8,682 | -€14 | -0.2% |
| Cash at bank and in hand | 54/58 | €61,914 | €91,509 | +€29,595 | +47.8% |
| Deferred charges and accrued income | 490/1 | €42 | €2,317 | +€2,275 | +5,393% |
| Total equity and liabilities | 10/49 | €163,033 | €224,847 | +€61,814 | +37.9% |
| Equity | 10/15 | €89,513 | €146,048 | +€56,535 | +63.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,924 | €25,924 | = | 0.0% |
| Distributable reserves | 133 | €25,924 | €25,924 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,590 | €117,124 | +€56,535 | +93.3% |
| Amounts payable | 17/49 | €73,520 | €78,799 | +€5,279 | +7.2% |
| Amounts payable after more than one year | 17 | €59,238 | €56,590 | -€2,648 | -4.5% |
| Financial debts | 170/4 | €59,238 | €56,590 | -€2,648 | -4.5% |
| Amounts payable within one year | 42/48 | €14,282 | €22,209 | +€7,927 | +55.5% |
| Current portion of amounts payable after more than one year | 42 | €2,545 | €2,648 | +€103 | +4.0% |
| Trade debts | 44 | €5,165 | €6,956 | +€1,791 | +34.7% |
| Suppliers | 440/4 | €5,165 | €6,956 | +€1,791 | +34.7% |
| Taxes, remuneration and social security | 45 | €6,572 | €12,605 | +€6,033 | +91.8% |
| Taxes | 450/3 | €6,572 | €12,605 | +€6,033 | +91.8% |
| Remuneration, social security and pensions | 62 | €1,920 | €320 | -€1,600 | -83.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,710 | €4,422 | +€712 | +19.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,711 | +€12,711 | |
| Other operating charges | 640/8 | €1,117 | €1,696 | +€579 | +51.8% |
| Non-recurring operating charges | 66A | - | €28 | +€28 | |
| Gross operating margin | 9900 | €52,844 | €99,363 | +€46,519 | +88.0% |
| Operating profit (loss) | 9901 | €46,097 | €80,187 | +€34,090 | +74.0% |
| Financial income | 75/76B | €1,805 | €360 | -€1,445 | -80.1% |
| Recurring financial income | 75 | €1,805 | €360 | -€1,445 | -80.1% |
| Financial charges | 65/66B | €3,849 | €2,919 | -€930 | -24.2% |
| Recurring financial charges | 65 | €3,849 | €2,919 | -€930 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €44,053 | €77,628 | +€33,575 | +76.2% |
| Income taxes | 67/77 | €10,324 | €21,093 | +€10,769 | +104% |
| Profit (loss) for the period | 9904 | €33,729 | €56,535 | +€22,806 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,729 | €56,535 | +€22,806 | +67.6% |
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 14 October 2026 via checked.be.