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
- Tangible fixed assets -€64,653
down €64,653 (-94.7%), from €68,265 to €3,612
of which Leasing and similar rights: -€33,860
- Cash -€40,030
down €40,030 (-98.2%), from €40,772 to €742
mainly Net result for the year (-€43,357) and Trade debts (-€19,515)
- Stocks and contracts +€9,055
up €9,055 (+135.3%), from €6,695 to €15,750
- Intangible fixed assets -€5,355
no longer reported in 2025 (was €5,355)
- Deferred charges and accrued income -€1,696
down €1,696 (-78.2%), from €2,168 to €472
- Profit (loss) carried forward -€44,190
down €44,190, from €23,506 to -€20,684
- Trade debts -€19,515
down €19,515 (-45.9%), from €42,547 to €23,032
- Debts after one year -€17,598
down €17,598 (-38.4%), from €45,858 to €28,260
- Other debts -€16,124
down €16,124 (-95.3%), from €16,924 to €800
- Tax, wage and social debts -€7,598
down €7,598 (-98.1%), from €7,745 to €147
of which Remuneration and social security: -€6,891
- Gross operating margin -€86,086
down €86,086 (-83.4%), from €103,170 to €17,084
- Staff costs -€30,718
down €30,718 (-41.7%), from €73,659 to €42,941
- Depreciation -€23,476
down €23,476 (-87.9%), from €26,719 to €3,243
- Other operating charges +€7,379
up €7,379 (+1723.9%), from €428 to €7,807
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 | €158,720 | €55,074 | -€103,647 | -65.3% |
| Fixed assets | 21/28 | €73,620 | €3,612 | -€70,009 | -95.1% |
| Intangible fixed assets | 21 | €5,355 | - | -€5,355 | |
| Tangible fixed assets | 22/27 | €68,265 | €3,612 | -€64,653 | -94.7% |
| Land and buildings | 22 | €22,342 | - | -€22,342 | |
| Plant, machinery and equipment | 23 | €6,538 | €369 | -€6,169 | -94.4% |
| Furniture and vehicles | 24 | €5,526 | €3,243 | -€2,283 | -41.3% |
| Leasing and similar rights | 25 | €33,860 | - | -€33,860 | |
| Current assets | 29/58 | €85,100 | €51,462 | -€33,638 | -39.5% |
| Stocks and contracts in progress | 3 | €6,695 | €15,750 | +€9,055 | +135.3% |
| Stocks | 30/36 | €6,695 | €15,750 | +€9,055 | +135.3% |
| Amounts receivable within one year | 40/41 | €35,465 | €34,497 | -€967 | -2.7% |
| Trade receivables | 40 | €35,465 | €7,888 | -€27,577 | -77.8% |
| Other amounts receivable | 41 | - | €26,610 | +€26,610 | |
| Cash at bank and in hand | 54/58 | €40,772 | €742 | -€40,030 | -98.2% |
| Deferred charges and accrued income | 490/1 | €2,168 | €472 | -€1,696 | -78.2% |
| Total equity and liabilities | 10/49 | €158,720 | €55,074 | -€103,647 | -65.3% |
| Equity | 10/15 | €28,506 | -€15,684 | -€44,190 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,506 | -€20,684 | -€44,190 | |
| Amounts payable | 17/49 | €130,214 | €70,758 | -€59,456 | -45.7% |
| Amounts payable after more than one year | 17 | €45,858 | €28,260 | -€17,598 | -38.4% |
| Financial debts | 170/4 | €45,858 | €28,260 | -€17,598 | -38.4% |
| Amounts payable within one year | 42/48 | €83,856 | €42,498 | -€41,359 | -49.3% |
| Current portion of amounts payable after more than one year | 42 | €16,640 | €18,519 | +€1,879 | +11.3% |
| Trade debts | 44 | €42,547 | €23,032 | -€19,515 | -45.9% |
| Suppliers | 440/4 | €42,547 | €23,032 | -€19,515 | -45.9% |
| Taxes, remuneration and social security | 45 | €7,745 | €147 | -€7,598 | -98.1% |
| Taxes | 450/3 | €854 | €147 | -€707 | -82.8% |
| Remuneration and social security | 454/9 | €6,891 | - | -€6,891 | |
| Other amounts payable | 47/48 | €16,924 | €800 | -€16,124 | -95.3% |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | €73,659 | €42,941 | -€30,718 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,719 | €3,243 | -€23,476 | -87.9% |
| Other operating charges | 640/8 | €428 | €7,807 | +€7,379 | +1723.9% |
| Gross operating margin | 9900 | €103,170 | €17,084 | -€86,086 | -83.4% |
| Operating profit (loss) | 9901 | €2,364 | -€36,908 | -€39,271 | |
| Financial income | 75/76B | €15 | €755 | +€739 | +4784.8% |
| Recurring financial income | 75 | €15 | €755 | +€739 | +4784.8% |
| Financial charges | 65/66B | €6,685 | €7,058 | +€373 | +5.6% |
| Recurring financial charges | 65 | €6,685 | €7,058 | +€373 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,306 | -€43,211 | -€38,905 | -903.5% |
| Income taxes | 67/77 | €154 | €147 | -€7 | -4.8% |
| Profit (loss) for the period | 9904 | -€4,460 | -€43,357 | -€38,897 | -872.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,460 | -€43,357 | -€38,897 | -872.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.