LASCAR Management: 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.
LASCAR Management
Largest movements
- Cash -€137,860
down €137,860 (-31.7%), from €434,566 to €296,705
mainly Contributions, distributions and other (-€145,000) and Other debts (-€106,804)
- Receivables within one year -€95,503
down €95,503 (-97.5%), from €97,912 to €2,408
of which Trade receivables: -€92,498
- Current investments +€72,638
up €72,638 (+86.4%), from €84,091 to €156,729
- Tangible fixed assets +€7,980
up €7,980 (+69.7%), from €11,441 to €19,421
of which Furniture and vehicles: +€7,512
- Other debts -€106,804
down €106,804 (-19.4%), from €550,000 to €443,196
- Tax, wage and social debts -€52,993
down €52,993 (-78.0%), from €67,899 to €14,906
- Trade debts +€12,734
up €12,734 (+889%), from €1,432 to €14,165
- Gross operating margin -€19,092
down €19,092 (-8.9%), from €214,474 to €195,382
- Depreciation +€3,867
up €3,867 (+402%), from €963 to €4,830
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 | €628,009 | €477,767 | -€150,243 | -23.9% |
| Fixed assets | 21/28 | €11,441 | €19,421 | +€7,980 | +69.7% |
| Tangible fixed assets | 22/27 | €11,441 | €19,421 | +€7,980 | +69.7% |
| Plant, machinery and equipment | 23 | €1,508 | €1,975 | +€468 | +31.0% |
| Furniture and vehicles | 24 | €9,934 | €17,446 | +€7,512 | +75.6% |
| Current assets | 29/58 | €616,568 | €458,346 | -€158,222 | -25.7% |
| Amounts receivable within one year | 40/41 | €97,912 | €2,408 | -€95,503 | -97.5% |
| Trade receivables | 40 | €92,498 | - | -€92,498 | |
| Other amounts receivable | 41 | €5,413 | €2,408 | -€3,005 | -55.5% |
| Current investments | 50/53 | €84,091 | €156,729 | +€72,638 | +86.4% |
| Cash at bank and in hand | 54/58 | €434,566 | €296,705 | -€137,860 | -31.7% |
| Deferred charges and accrued income | 490/1 | - | €2,504 | +€2,504 | |
| Total equity and liabilities | 10/49 | €628,009 | €477,767 | -€150,243 | -23.9% |
| Equity | 10/15 | €8,679 | €5,265 | -€3,413 | -39.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,679 | €265 | -€3,413 | -92.8% |
| Amounts payable | 17/49 | €619,331 | €472,501 | -€146,829 | -23.7% |
| Amounts payable within one year | 42/48 | €619,331 | €472,267 | -€147,063 | -23.7% |
| Trade debts | 44 | €1,432 | €14,165 | +€12,734 | +889% |
| Suppliers | 440/4 | €1,432 | €14,165 | +€12,734 | +889% |
| Taxes, remuneration and social security | 45 | €67,899 | €14,906 | -€52,993 | -78.0% |
| Taxes | 450/3 | €67,899 | €14,906 | -€52,993 | -78.0% |
| Other amounts payable | 47/48 | €550,000 | €443,196 | -€106,804 | -19.4% |
| Accrued charges and deferred income | 492/3 | - | €234 | +€234 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €963 | €4,830 | +€3,867 | +402% |
| Gross operating margin | 9900 | €214,474 | €195,382 | -€19,092 | -8.9% |
| Operating profit (loss) | 9901 | €213,512 | €190,552 | -€22,960 | -10.8% |
| Financial income | 75/76B | €1,987 | €638 | -€1,349 | -67.9% |
| Recurring financial income | 75 | €1,987 | €638 | -€1,349 | -67.9% |
| Financial charges | 65/66B | €1,007 | €1,289 | +€283 | +28.1% |
| Recurring financial charges | 65 | €1,007 | €1,289 | +€283 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €214,492 | €189,901 | -€24,591 | -11.5% |
| Income taxes | 67/77 | €49,797 | €48,314 | -€1,483 | -3.0% |
| Profit (loss) for the period | 9904 | €164,695 | €141,587 | -€23,108 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €164,695 | €141,587 | -€23,108 | -14.0% |
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 24 October 2026 via checked.be.