LAS CENTER: 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 CENTER
Largest movements
- Tangible fixed assets -€66,688
down €66,688 (-37.9%), from €175,781 to €109,093
of which Furniture and vehicles: -€51,371
- Stocks and contracts +€64,491
up €64,491 (+20.3%), from €318,044 to €382,535
- Cash -€25,336
down €25,336 (-36.3%), from €69,781 to €44,445
mainly Debts after one year (-€77,473) and Stocks and contracts (-€64,491)
- Receivables within one year +€19,018
up €19,018 (+4.6%), from €409,830 to €428,848
of which Trade receivables: +€29,181
- Other debts +€95,031
up €95,031, from €0 to €95,031
- Debts after one year -€77,473
down €77,473 (-29.2%), from €264,959 to €187,486
- Current portion of long-term debt -€62,890
down €62,890 (-44.8%), from €140,363 to €77,473
- Short-term financial debts +€43,549
up €43,549 (+675%), from €6,451 to €50,000
- Trade debts +€14,738
up €14,738 (+5.0%), from €294,312 to €309,049
- Taxes -€21,123
down €21,123, from €20,417 to -€707
- Gross operating margin -€16,076
down €16,076 (-4.0%), from €398,086 to €382,009
- Financial income -€15,083
down €15,083 (-88.7%), from €17,000 to €1,918
- Other operating charges +€9,881
up €9,881 (+233%), from €4,250 to €14,131
- Depreciation +€6,595
up €6,595 (+11.0%), from €60,094 to €66,689
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 | €1,238,608 | €1,249,013 | +€10,404 | +0.8% |
| Fixed assets | 21/28 | €175,781 | €109,093 | -€66,688 | -37.9% |
| Tangible fixed assets | 22/27 | €175,781 | €109,093 | -€66,688 | -37.9% |
| Land and buildings | 22 | €22,130 | €18,810 | -€3,319 | -15.0% |
| Plant, machinery and equipment | 23 | €54,235 | €42,238 | -€11,998 | -22.1% |
| Furniture and vehicles | 24 | €99,416 | €48,045 | -€51,371 | -51.7% |
| Current assets | 29/58 | €1,062,827 | €1,139,920 | +€77,093 | +7.3% |
| Amounts receivable after more than one year | 29 | €259,672 | €259,672 | = | 0.0% |
| Other amounts receivable | 291 | €259,672 | €259,672 | = | 0.0% |
| Stocks and contracts in progress | 3 | €318,044 | €382,535 | +€64,491 | +20.3% |
| Stocks | 30/36 | €318,044 | €382,535 | +€64,491 | +20.3% |
| Amounts receivable within one year | 40/41 | €409,830 | €428,848 | +€19,018 | +4.6% |
| Trade receivables | 40 | €394,484 | €423,665 | +€29,181 | +7.4% |
| Other amounts receivable | 41 | €15,346 | €5,183 | -€10,163 | -66.2% |
| Current investments | 50/53 | €5,500 | €17,546 | +€12,047 | +219% |
| Cash at bank and in hand | 54/58 | €69,781 | €44,445 | -€25,336 | -36.3% |
| Deferred charges and accrued income | 490/1 | €0 | €6,874 | +€6,874 | |
| Total equity and liabilities | 10/49 | €1,238,608 | €1,249,013 | +€10,404 | +0.8% |
| Equity | 10/15 | €455,343 | €456,903 | +€1,560 | +0.3% |
| Contributions | 10/11 | €14,849 | €14,849 | = | 0.0% |
| Reserves | 13 | €469,557 | €469,557 | = | 0.0% |
| Distributable reserves | 133 | €469,557 | €469,557 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,062 | -€27,503 | +€1,560 | +5.4% |
| Amounts payable | 17/49 | €783,265 | €792,110 | +€8,845 | +1.1% |
| Amounts payable after more than one year | 17 | €264,959 | €187,486 | -€77,473 | -29.2% |
| Financial debts | 170/4 | €264,959 | €187,486 | -€77,473 | -29.2% |
| Amounts payable within one year | 42/48 | €518,306 | €604,624 | +€86,317 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €140,363 | €77,473 | -€62,890 | -44.8% |
| Financial debts | 43 | €6,451 | €50,000 | +€43,549 | +675% |
| Credit institutions | 430/8 | €6,451 | €50,000 | +€43,549 | +675% |
| Trade debts | 44 | €294,312 | €309,049 | +€14,738 | +5.0% |
| Suppliers | 440/4 | €294,312 | €309,049 | +€14,738 | +5.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €77,181 | €73,071 | -€4,111 | -5.3% |
| Taxes | 450/3 | €50,097 | €32,157 | -€17,940 | -35.8% |
| Remuneration and social security | 454/9 | €27,085 | €40,913 | +€13,829 | +51.1% |
| Other amounts payable | 47/48 | €0 | €95,031 | +€95,031 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €287,139 | €291,082 | +€3,943 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,094 | €66,689 | +€6,595 | +11.0% |
| Other operating charges | 640/8 | €4,250 | €14,131 | +€9,881 | +233% |
| Gross operating margin | 9900 | €398,086 | €382,009 | -€16,076 | -4.0% |
| Operating profit (loss) | 9901 | €46,603 | €10,108 | -€36,495 | -78.3% |
| Financial income | 75/76B | €17,000 | €1,918 | -€15,083 | -88.7% |
| Recurring financial income | 75 | €17,000 | €1,918 | -€15,083 | -88.7% |
| Financial charges | 65/66B | €8,567 | €11,173 | +€2,605 | +30.4% |
| Recurring financial charges | 65 | €8,567 | €11,173 | +€2,605 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €55,036 | €853 | -€54,183 | -98.5% |
| Income taxes | 67/77 | €20,417 | -€707 | -€21,123 | |
| Profit (loss) for the period | 9904 | €34,619 | €1,560 | -€33,060 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,619 | €1,560 | -€33,060 | -95.5% |
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 22 October 2026 via checked.be.