LAS: 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.
LAS
Largest movements
- Cash -€71,506
down €71,506 (-67.8%), from €105,473 to €33,967
mainly Contributions, distributions and other (-€90,326) and Other debts (-€83,124)
- Tangible fixed assets -€16,681
down €16,681 (-21.7%), from €76,843 to €60,162
of which Furniture and vehicles: -€15,437
- Receivables within one year +€7,945
up €7,945 (+47.5%), from €16,736 to €24,681
of which Trade receivables: +€7,945
- Other debts -€83,124
down €83,124 (-50.6%), from €164,287 to €81,164
- Tax, wage and social debts +€3,561
up €3,561 (+28.0%), from €12,712 to €16,274
- Gross operating margin -€13,980
down €13,980 (-9.0%), from €155,314 to €141,334
- Depreciation +€8,880
up €8,880 (+82.8%), from €10,730 to €19,610
- Taxes -€4,285
down €4,285 (-12.5%), from €34,412 to €30,128
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 | €202,645 | €122,544 | -€80,101 | -39.5% |
| Fixed assets | 21/28 | €77,920 | €61,239 | -€16,681 | -21.4% |
| Tangible fixed assets | 22/27 | €76,843 | €60,162 | -€16,681 | -21.7% |
| Plant, machinery and equipment | 23 | €3,144 | €1,900 | -€1,244 | -39.6% |
| Furniture and vehicles | 24 | €73,699 | €58,262 | -€15,437 | -20.9% |
| Financial fixed assets | 28 | €1,077 | €1,077 | = | 0.0% |
| Current assets | 29/58 | €124,725 | €61,305 | -€63,420 | -50.8% |
| Amounts receivable within one year | 40/41 | €16,736 | €24,681 | +€7,945 | +47.5% |
| Trade receivables | 40 | €16,736 | €24,681 | +€7,945 | +47.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €105,473 | €33,967 | -€71,506 | -67.8% |
| Deferred charges and accrued income | 490/1 | €2,517 | €2,657 | +€141 | +5.6% |
| Total equity and liabilities | 10/49 | €202,645 | €122,544 | -€80,101 | -39.5% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €182,185 | €102,084 | -€80,101 | -44.0% |
| Amounts payable within one year | 42/48 | €182,185 | €101,608 | -€80,577 | -44.2% |
| Trade debts | 44 | €5,185 | €4,171 | -€1,014 | -19.6% |
| Suppliers | 440/4 | €5,185 | €4,171 | -€1,014 | -19.6% |
| Taxes, remuneration and social security | 45 | €12,712 | €16,274 | +€3,561 | +28.0% |
| Taxes | 450/3 | €12,712 | €16,274 | +€3,561 | +28.0% |
| Other amounts payable | 47/48 | €164,287 | €81,164 | -€83,124 | -50.6% |
| Accrued charges and deferred income | 492/3 | - | €476 | +€476 | |
| Non-recurring operating income | 76A | €5,372 | €0 | -€5,372 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,730 | €19,610 | +€8,880 | +82.8% |
| Other operating charges | 640/8 | €1,639 | €1,401 | -€238 | -14.5% |
| Gross operating margin | 9900 | €155,314 | €141,334 | -€13,980 | -9.0% |
| Operating profit (loss) | 9901 | €142,945 | €120,323 | -€22,622 | -15.8% |
| Financial income | 75/76B | €1,352 | €466 | -€886 | -65.5% |
| Recurring financial income | 75 | €1,352 | €466 | -€886 | -65.5% |
| Financial charges | 65/66B | €330 | €335 | +€5 | +1.6% |
| Recurring financial charges | 65 | €330 | €335 | +€5 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €143,967 | €120,454 | -€23,513 | -16.3% |
| Income taxes | 67/77 | €34,412 | €30,128 | -€4,285 | -12.5% |
| Profit (loss) for the period | 9904 | €109,555 | €90,326 | -€19,229 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €109,555 | €90,326 | -€19,229 | -17.6% |
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 20 October 2026 via checked.be.