LASAR: 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.
LASAR
Largest movements
- Cash +€35,958
up €35,958 (+62.8%), from €57,255 to €93,214
mainly Other debts (+€106,041) and Net result for the year (+€35,873)
- Receivables within one year -€9,679
down €9,679 (-23.3%), from €41,547 to €31,868
of which Trade receivables: -€9,854
- Receivables after one year -€4,160
no longer reported in 2025 (was €4,160)
- Other debts +€106,041
up €106,041 (+3919.2%), from €2,706 to €108,747
- Profit (loss) carried forward -€84,521
no longer reported in 2025 (was €84,521)
- Trade debts +€2,681
up €2,681 (+293.9%), from €912 to €3,593
- Tax, wage and social debts -€1,350
down €1,350 (-8.5%), from €15,794 to €14,444
of which Taxes: -€1,067
- Gross operating margin +€13,751
up €13,751 (+38.0%), from €36,198 to €49,948
- Taxes +€2,319
up €2,319 (+28.7%), from €8,068 to €10,387
- Financial charges +€2,020
up €2,020 (+148.3%), from €1,362 to €3,382
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 | €105,463 | €128,494 | +€23,031 | +21.8% |
| Fixed assets | 21/28 | €2,500 | €3,412 | +€912 | +36.5% |
| Tangible fixed assets | 22/27 | - | €912 | +€912 | |
| Other tangible fixed assets | 26 | - | €912 | +€912 | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €102,963 | €125,082 | +€22,119 | +21.5% |
| Amounts receivable after more than one year | 29 | €4,160 | - | -€4,160 | |
| Other amounts receivable | 291 | €4,160 | - | -€4,160 | |
| Amounts receivable within one year | 40/41 | €41,547 | €31,868 | -€9,679 | -23.3% |
| Trade receivables | 40 | €33,962 | €24,108 | -€9,854 | -29.0% |
| Other amounts receivable | 41 | €7,585 | €7,760 | +€175 | +2.3% |
| Cash at bank and in hand | 54/58 | €57,255 | €93,214 | +€35,958 | +62.8% |
| Total equity and liabilities | 10/49 | €105,463 | €128,494 | +€23,031 | +21.8% |
| Equity | 10/15 | €86,021 | €1,500 | -€84,521 | -98.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,521 | - | -€84,521 | |
| Amounts payable | 17/49 | €19,442 | €126,994 | +€107,552 | +553.2% |
| Amounts payable within one year | 42/48 | €19,412 | €126,784 | +€107,372 | +553.1% |
| Trade debts | 44 | €912 | €3,593 | +€2,681 | +293.9% |
| Suppliers | 440/4 | €912 | €3,593 | +€2,681 | +293.9% |
| Taxes, remuneration and social security | 45 | €15,794 | €14,444 | -€1,350 | -8.5% |
| Taxes | 450/3 | €13,511 | €12,444 | -€1,067 | -7.9% |
| Remuneration and social security | 454/9 | €2,283 | €2,000 | -€283 | -12.4% |
| Other amounts payable | 47/48 | €2,706 | €108,747 | +€106,041 | +3919.2% |
| Accrued charges and deferred income | 492/3 | €30 | €210 | +€180 | +601.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €48 | +€48 | |
| Other operating charges | 640/8 | €418 | €364 | -€54 | -12.8% |
| Gross operating margin | 9900 | €36,198 | €49,948 | +€13,751 | +38.0% |
| Operating profit (loss) | 9901 | €35,780 | €49,536 | +€13,756 | +38.4% |
| Financial income | 75/76B | €198 | €106 | -€92 | -46.6% |
| Recurring financial income | 75 | €198 | €106 | -€92 | -46.6% |
| Financial charges | 65/66B | €1,362 | €3,382 | +€2,020 | +148.3% |
| Recurring financial charges | 65 | €1,362 | €3,382 | +€2,020 | +148.3% |
| Profit (loss) for the period before taxes | 9903 | €34,616 | €46,260 | +€11,644 | +33.6% |
| Income taxes | 67/77 | €8,068 | €10,387 | +€2,319 | +28.7% |
| Profit (loss) for the period | 9904 | €26,548 | €35,873 | +€9,325 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,548 | €35,873 | +€9,325 | +35.1% |
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 11 October 2026 via checked.be.