LASCO: 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.
LASCO
Largest movements
- Tangible fixed assets -€410,107
down €410,107 (-99.7%), from €411,504 to €1,397
of which Land and buildings: -€405,562
- Receivables within one year -€38,940
down €38,940 (-44.3%), from €87,807 to €48,867
of which Trade receivables: -€68,015
- Deferred charges and accrued income +€12,000
up €12,000 (+100.0%), from €12,000 to €24,000
- Debts after one year -€227,659
no longer reported in 2025 (was €227,659)
- Revaluation surpluses -€140,000
no longer reported in 2025 (was €140,000)
- Other debts -€32,896
no longer reported in 2025 (was €32,896)
- Current portion of long-term debt -€23,895
no longer reported in 2025 (was €23,895)
- Tax, wage and social debts -€21,777
down €21,777 (-59.6%), from €36,524 to €14,747
of which Taxes: -€17,758
- Gross operating margin +€75,348
up €75,348 (+143.1%), from €52,664 to €128,012
- Staff costs +€24,299
up €24,299 (+50.2%), from €48,395 to €72,694
- Financial charges +€14,230
up €14,230 (+83.3%), from €17,085 to €31,315
- Depreciation -€12,358
down €12,358 (-92.3%), from €13,390 to €1,033
- Other operating charges +€5,926
up €5,926 (+216.2%), from €2,742 to €8,668
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €514,374 | €79,285 | -€435,088 | -84.6% |
| Fixed assets | 21/28 | €411,834 | €1,397 | -€410,437 | -99.7% |
| Tangible fixed assets | 22/27 | €411,504 | €1,397 | -€410,107 | -99.7% |
| Land and buildings | 22 | €405,562 | - | -€405,562 | |
| Plant, machinery and equipment | 23 | €5,942 | €1,397 | -€4,545 | -76.5% |
| Financial fixed assets | 28 | €330 | - | -€330 | |
| Current assets | 29/58 | €102,540 | €77,889 | -€24,651 | -24.0% |
| Amounts receivable within one year | 40/41 | €87,807 | €48,867 | -€38,940 | -44.3% |
| Trade receivables | 40 | €87,807 | €19,792 | -€68,015 | -77.5% |
| Other amounts receivable | 41 | - | €29,075 | +€29,075 | |
| Cash at bank and in hand | 54/58 | €2,733 | €5,021 | +€2,288 | +83.7% |
| Deferred charges and accrued income | 490/1 | €12,000 | €24,000 | +€12,000 | +100.0% |
| Total equity and liabilities | 10/49 | €514,374 | €79,285 | -€435,088 | -84.6% |
| Equity | 10/15 | €174,410 | €43,685 | -€130,725 | -75.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €140,000 | - | -€140,000 | |
| Reserves | 13 | €36,660 | €36,660 | = | 0.0% |
| Distributable reserves | 133 | €36,660 | €36,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,450 | €825 | +€9,275 | |
| Amounts payable | 17/49 | €339,963 | €35,600 | -€304,363 | -89.5% |
| Amounts payable after more than one year | 17 | €227,659 | - | -€227,659 | |
| Financial debts | 170/4 | €227,659 | - | -€227,659 | |
| Amounts payable within one year | 42/48 | €112,304 | €35,600 | -€76,704 | -68.3% |
| Current portion of amounts payable after more than one year | 42 | €23,895 | - | -€23,895 | |
| Financial debts | 43 | €13,956 | - | -€13,956 | |
| Credit institutions | 430/8 | €13,956 | - | -€13,956 | |
| Trade debts | 44 | €5,033 | €20,853 | +€15,820 | +314.3% |
| Suppliers | 440/4 | €5,033 | €20,853 | +€15,820 | +314.3% |
| Taxes, remuneration and social security | 45 | €36,524 | €14,747 | -€21,777 | -59.6% |
| Taxes | 450/3 | €25,913 | €8,155 | -€17,758 | -68.5% |
| Remuneration and social security | 454/9 | €10,611 | €6,592 | -€4,019 | -37.9% |
| Other amounts payable | 47/48 | €32,896 | - | -€32,896 | |
| Remuneration, social security and pensions | 62 | €48,395 | €72,694 | +€24,299 | +50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,390 | €1,033 | -€12,358 | -92.3% |
| Other operating charges | 640/8 | €2,742 | €8,668 | +€5,926 | +216.2% |
| Gross operating margin | 9900 | €52,664 | €128,012 | +€75,348 | +143.1% |
| Operating profit (loss) | 9901 | -€11,863 | €45,617 | +€57,480 | |
| Financial income | 75/76B | - | €140 | +€140 | |
| Recurring financial income | 75 | - | €140 | +€140 | |
| Financial charges | 65/66B | €17,085 | €31,315 | +€14,230 | +83.3% |
| Recurring financial charges | 65 | €17,085 | €31,315 | +€14,230 | +83.3% |
| Profit (loss) for the period before taxes | 9903 | -€28,948 | €14,443 | +€43,390 | |
| Income taxes | 67/77 | -€532 | €5,168 | +€5,700 | |
| Profit (loss) for the period | 9904 | -€28,416 | €9,275 | +€37,691 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,416 | €9,275 | +€37,691 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.