LAS-TECH: what changed
Two fiscal 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-TECH
Largest movements
- Receivables within one year +€104,481
up €104,481 (+20.6%), from €506,908 to €611,389
of which Trade receivables: +€99,016
- Cash -€91,719
down €91,719 (-20.2%), from €453,483 to €361,764
mainly Receivables within one year (-€104,481) and Trade debts (-€89,818)
- Tangible fixed assets -€18,032
down €18,032 (-26.5%), from €68,096 to €50,064
of which Plant, machinery and equipment: -€18,385
- Deferred charges and accrued income -€15,124
down €15,124 (-99.0%), from €15,272 to €148
- Profit (loss) carried forward +€113,285
new in 2025: €113,285
- Trade debts -€89,818
down €89,818 (-19.5%), from €460,938 to €371,121
- Debts after one year -€61,394
down €61,394 (-17.1%), from €358,076 to €296,683
- Accrued charges and deferred income -€34,105
no longer reported in 2025 (was €34,105)
- Current portion of long-term debt +€30,963
up €30,963 (+441.0%), from €7,021 to €37,984
- Gross operating margin +€102,759
up €102,759 (+51.4%), from €199,975 to €302,734
- Taxes +€20,548
up €20,548 (+69.0%), from €29,761 to €50,309
- Depreciation -€3,833
down €3,833 (-12.7%), from €30,116 to €26,283
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 | €1,043,758 | €1,023,364 | -€20,394 | -2.0% |
| Fixed assets | 21/28 | €68,096 | €50,064 | -€18,032 | -26.5% |
| Tangible fixed assets | 22/27 | €68,096 | €50,064 | -€18,032 | -26.5% |
| Land and buildings | 22 | €17,812 | €19,570 | +€1,757 | +9.9% |
| Plant, machinery and equipment | 23 | €42,649 | €24,264 | -€18,385 | -43.1% |
| Furniture and vehicles | 24 | €7,634 | €6,230 | -€1,404 | -18.4% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €975,662 | €973,300 | -€2,362 | -0.2% |
| Amounts receivable within one year | 40/41 | €506,908 | €611,389 | +€104,481 | +20.6% |
| Trade receivables | 40 | €474,912 | €573,928 | +€99,016 | +20.8% |
| Other amounts receivable | 41 | €31,995 | €37,460 | +€5,465 | +17.1% |
| Cash at bank and in hand | 54/58 | €453,483 | €361,764 | -€91,719 | -20.2% |
| Deferred charges and accrued income | 490/1 | €15,272 | €148 | -€15,124 | -99.0% |
| Total equity and liabilities | 10/49 | €1,043,758 | €1,023,364 | -€20,394 | -2.0% |
| Equity | 10/15 | €146,097 | €259,382 | +€113,285 | +77.5% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €86,097 | €86,097 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €84,237 | €84,237 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €113,285 | +€113,285 | |
| Amounts payable | 17/49 | €897,661 | €763,982 | -€133,679 | -14.9% |
| Amounts payable after more than one year | 17 | €358,076 | €296,683 | -€61,394 | -17.1% |
| Financial debts | 170/4 | €358,076 | €296,683 | -€61,394 | -17.1% |
| Amounts payable within one year | 42/48 | €505,480 | €467,300 | -€38,180 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €7,021 | €37,984 | +€30,963 | +441.0% |
| Financial debts | 43 | €23,490 | €42,468 | +€18,979 | +80.8% |
| Credit institutions | 430/8 | €23,490 | €42,468 | +€18,979 | +80.8% |
| Trade debts | 44 | €460,938 | €371,121 | -€89,818 | -19.5% |
| Suppliers | 440/4 | €460,938 | €371,121 | -€89,818 | -19.5% |
| Taxes, remuneration and social security | 45 | €12,351 | €15,727 | +€3,376 | +27.3% |
| Taxes | 450/3 | €7,682 | €14,799 | +€7,117 | +92.6% |
| Remuneration and social security | 454/9 | €4,669 | €928 | -€3,741 | -80.1% |
| Other amounts payable | 47/48 | €1,679 | - | -€1,679 | |
| Accrued charges and deferred income | 492/3 | €34,105 | - | -€34,105 | |
| Remuneration, social security and pensions | 62 | €77,521 | €77,543 | +€22 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,116 | €26,283 | -€3,833 | -12.7% |
| Other operating charges | 640/8 | €6,406 | €7,086 | +€680 | +10.6% |
| Non-recurring operating charges | 66A | - | €2,057 | +€2,057 | |
| Gross operating margin | 9900 | €199,975 | €302,734 | +€102,759 | +51.4% |
| Operating profit (loss) | 9901 | €85,933 | €189,766 | +€103,833 | +120.8% |
| Financial income | 75/76B | €22 | €393 | +€371 | +1715.5% |
| Recurring financial income | 75 | €22 | €393 | +€371 | +1715.5% |
| Financial charges | 65/66B | €29,175 | €26,564 | -€2,610 | -8.9% |
| Recurring financial charges | 65 | €29,175 | €26,564 | -€2,610 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €56,780 | €163,594 | +€106,814 | +188.1% |
| Income taxes | 67/77 | €29,761 | €50,309 | +€20,548 | +69.0% |
| Profit (loss) for the period | 9904 | €27,019 | €113,285 | +€86,266 | +319.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,019 | €113,285 | +€86,266 | +319.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.