LASENCO: 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.
LASENCO
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+441%), from €284,987 to €1.5m
of which Land and buildings: +€1.3m
- Receivables within one year +€201,309
up €201,309 (+954%), from €21,103 to €222,413
of which Trade receivables: +€202,228
- Cash +€44,015
up €44,015 (+437%), from €10,074 to €54,089
mainly Debts after one year (+€1.2m) and Trade debts (+€216,242)
- Debts after one year +€1.2m
up €1.2m (+132%), from €879,630 to €2.0m
- Trade debts +€216,242
up €216,242 (+3,098%), from €6,979 to €223,221
- Reserves +€87,917
up €87,917 (+16.2%), from €544,195 to €632,113
of which Tax-exempt reserves: +€87,917
- Current portion of long-term debt +€75,300
up €75,300 (+45.8%), from €164,250 to €239,550
- Gross operating margin +€77,146
up €77,146 (+80.7%), from €95,560 to €172,706
- Depreciation +€64,417
up €64,417 (+438%), from €14,715 to €79,132
- Other operating charges -€62,731
down €62,731 (-96.1%), from €65,304 to €2,573
- Financial income +€32,003
up €32,003 (+78.9%), from €40,587 to €72,590
- Financial charges +€14,145
up €14,145 (+33.1%), from €42,791 to €56,936
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 | €1,876,627 | €3,383,375 | +€1.5m | +80.3% |
| Fixed assets | 21/28 | €1,844,709 | €3,102,500 | +€1.3m | +68.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €284,987 | €1,542,777 | +€1.3m | +441% |
| Land and buildings | 22 | €281,233 | €1,542,777 | +€1.3m | +449% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €3,755 | €0 | -€3,755 | -100% |
| Financial fixed assets | 28 | €1,559,722 | €1,559,722 | = | 0.0% |
| Current assets | 29/58 | €31,918 | €280,875 | +€248,958 | +780% |
| Amounts receivable within one year | 40/41 | €21,103 | €222,413 | +€201,309 | +954% |
| Trade receivables | 40 | €19,093 | €221,321 | +€202,228 | +1,059% |
| Other amounts receivable | 41 | €2,011 | €1,092 | -€919 | -45.7% |
| Cash at bank and in hand | 54/58 | €10,074 | €54,089 | +€44,015 | +437% |
| Deferred charges and accrued income | 490/1 | €740 | €4,373 | +€3,633 | +491% |
| Total equity and liabilities | 10/49 | €1,876,627 | €3,383,375 | +€1.5m | +80.3% |
| Equity | 10/15 | €679,394 | €756,743 | +€77,349 | +11.4% |
| Contributions | 10/11 | €86,200 | €86,200 | = | 0.0% |
| Reserves | 13 | €544,195 | €632,113 | +€87,917 | +16.2% |
| Tax-exempt reserves | 132 | - | €87,917 | +€87,917 | |
| Distributable reserves | 133 | €544,195 | €544,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,999 | €38,430 | -€10,568 | -21.6% |
| Provisions and deferred taxes | 16 | - | €29,306 | +€29,306 | |
| Deferred taxes | 168 | - | €29,306 | +€29,306 | |
| Amounts payable | 17/49 | €1,197,233 | €2,597,326 | +€1.4m | +117% |
| Amounts payable after more than one year | 17 | €879,630 | €2,044,749 | +€1.2m | +132% |
| Financial debts | 170/4 | €879,630 | €2,044,749 | +€1.2m | +132% |
| Amounts payable within one year | 42/48 | €305,802 | €542,810 | +€237,008 | +77.5% |
| Current portion of amounts payable after more than one year | 42 | €164,250 | €239,550 | +€75,300 | +45.8% |
| Financial debts | 43 | €110,000 | €80,000 | -€30,000 | -27.3% |
| Credit institutions | 430/8 | €110,000 | €80,000 | -€30,000 | -27.3% |
| Trade debts | 44 | €6,979 | €223,221 | +€216,242 | +3,098% |
| Suppliers | 440/4 | €6,979 | €223,221 | +€216,242 | +3,098% |
| Taxes, remuneration and social security | 45 | €23,518 | €37 | -€23,481 | -99.8% |
| Taxes | 450/3 | €23,518 | €37 | -€23,481 | -99.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,054 | €1 | -€1,053 | -99.9% |
| Accrued charges and deferred income | 492/3 | €11,801 | €9,767 | -€2,034 | -17.2% |
| Non-recurring operating income | 76A | - | €118,767 | +€118,767 | |
| Remuneration, social security and pensions | 62 | -€4,950 | €0 | +€4,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,715 | €79,132 | +€64,417 | +438% |
| Other operating charges | 640/8 | €65,304 | €2,573 | -€62,731 | -96.1% |
| Gross operating margin | 9900 | €95,560 | €172,706 | +€77,146 | +80.7% |
| Operating profit (loss) | 9901 | €20,492 | €91,001 | +€70,510 | +344% |
| Financial income | 75/76B | €40,587 | €72,590 | +€32,003 | +78.9% |
| Recurring financial income | 75 | €40,587 | €72,590 | +€32,003 | +78.9% |
| Financial charges | 65/66B | €42,791 | €56,936 | +€14,145 | +33.1% |
| Recurring financial charges | 65 | €42,791 | €56,936 | +€14,145 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | €18,287 | €106,654 | +€88,368 | +483% |
| Transfer from deferred taxes | 780 | - | €386 | +€386 | |
| Transfer to deferred taxes | 680 | - | €29,692 | +€29,692 | |
| Income taxes | 67/77 | €0 | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €18,287 | €77,349 | +€59,062 | +323% |
| Transfer from tax-exempt reserves | 789 | - | €1,158 | +€1,158 | |
| Transfer to tax-exempt reserves | 689 | - | €89,076 | +€89,076 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,287 | -€10,568 | -€28,855 |
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 23 October 2026 via checked.be.