Lalu: 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.
Lalu
Largest movements
- Tangible fixed assets +€120,852
up €120,852 (+17.1%), from €704,833 to €825,685
of which Other tangible fixed assets: +€238,592
- Receivables within one year +€32,983
up €32,983 (+59.3%), from €55,622 to €88,605
of which Other amounts receivable: +€38,910
- Debts after one year +€124,625
up €124,625 (+23.8%), from €524,381 to €649,006
- Other debts +€38,681
up €38,681 (+36.0%), from €107,538 to €146,219
- Tax, wage and social debts -€17,239
no longer reported in 2025 (was €17,239)
- Trade debts +€9,215
up €9,215 (+7.5%), from €122,339 to €131,554
- Gross operating margin +€32,331
up €32,331 (+116.2%), from €27,831 to €60,162
- Depreciation +€13,165
up €13,165 (+64.5%), from €20,426 to €33,591
- Financial charges +€9,030
up €9,030 (+42.2%), from €21,373 to €30,403
- Other operating charges +€5,045
up €5,045 (+592.8%), from €851 to €5,896
- Financial income +€2,316
new in 2025: €2,316
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 | €762,085 | €915,283 | +€153,198 | +20.1% |
| Fixed assets | 21/28 | €704,833 | €825,685 | +€120,852 | +17.1% |
| Tangible fixed assets | 22/27 | €704,833 | €825,685 | +€120,852 | +17.1% |
| Land and buildings | 22 | €603,036 | €587,093 | -€15,943 | -2.6% |
| Furniture and vehicles | 24 | €101,797 | - | -€101,797 | |
| Other tangible fixed assets | 26 | - | €238,592 | +€238,592 | |
| Current assets | 29/58 | €57,252 | €89,598 | +€32,346 | +56.5% |
| Amounts receivable within one year | 40/41 | €55,622 | €88,605 | +€32,983 | +59.3% |
| Trade receivables | 40 | €5,927 | - | -€5,927 | |
| Other amounts receivable | 41 | €49,695 | €88,605 | +€38,910 | +78.3% |
| Cash at bank and in hand | 54/58 | €1,630 | €993 | -€637 | -39.1% |
| Total equity and liabilities | 10/49 | €762,085 | €915,283 | +€153,198 | +20.1% |
| Equity | 10/15 | -€23,065 | -€31,067 | -€8,002 | -34.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,065 | -€34,067 | -€8,002 | -30.7% |
| Amounts payable | 17/49 | €785,150 | €946,350 | +€161,200 | +20.5% |
| Amounts payable after more than one year | 17 | €524,381 | €649,006 | +€124,625 | +23.8% |
| Financial debts | 170/4 | €524,381 | €649,006 | +€124,625 | +23.8% |
| Amounts payable within one year | 42/48 | €260,769 | €297,344 | +€36,575 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €13,653 | €19,571 | +€5,918 | +43.3% |
| Trade debts | 44 | €122,339 | €131,554 | +€9,215 | +7.5% |
| Suppliers | 440/4 | €122,339 | €131,554 | +€9,215 | +7.5% |
| Taxes, remuneration and social security | 45 | €17,239 | - | -€17,239 | |
| Taxes | 450/3 | €17,239 | - | -€17,239 | |
| Other amounts payable | 47/48 | €107,538 | €146,219 | +€38,681 | +36.0% |
| Remuneration, social security and pensions | 62 | €1,553 | - | -€1,553 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,426 | €33,591 | +€13,165 | +64.5% |
| Other operating charges | 640/8 | €851 | €5,896 | +€5,045 | +592.8% |
| Non-recurring operating charges | 66A | €1,525 | €590 | -€935 | -61.3% |
| Gross operating margin | 9900 | €27,831 | €60,162 | +€32,331 | +116.2% |
| Operating profit (loss) | 9901 | €3,476 | €20,085 | +€16,609 | +477.8% |
| Financial income | 75/76B | - | €2,316 | +€2,316 | |
| Recurring financial income | 75 | - | €2,316 | +€2,316 | |
| Financial charges | 65/66B | €21,373 | €30,403 | +€9,030 | +42.2% |
| Recurring financial charges | 65 | €21,373 | €30,403 | +€9,030 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,897 | -€8,002 | +€9,895 | +55.3% |
| Profit (loss) for the period | 9904 | -€17,897 | -€8,002 | +€9,895 | +55.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,897 | -€8,002 | +€9,895 | +55.3% |
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 10 October 2026 via checked.be.