LASETO: 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.
LASETO
Largest movements
- Cash +€216,957
up €216,957 (+103.9%), from €208,787 to €425,744
mainly Net result for the year (+€502,079) and Receivables within one year (+€87,708)
- Receivables within one year -€87,708
down €87,708 (-10.1%), from €872,293 to €784,584
of which Other amounts receivable: -€114,976
- Tangible fixed assets -€37,238
down €37,238 (-17.7%), from €210,511 to €173,273
of which Plant, machinery and equipment: -€40,561
- Profit (loss) carried forward +€502,079
up €502,079 (+36.9%), from €1.4m to €1.9m
- Trade debts -€414,554
down €414,554 (-27.3%), from €1.5m to €1.1m
- Accrued charges and deferred income +€59,999
up €59,999 (+26.5%), from €226,633 to €286,632
- Gross operating margin +€615,857
up €615,857 (+36.1%), from €1.7m to €2.3m
- Taxes +€133,960
up €133,960 (+157.8%), from €84,899 to €218,859
- Staff costs +€129,090
up €129,090 (+10.6%), from €1.2m to €1.4m
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 | €3,390,145 | €3,509,068 | +€118,923 | +3.5% |
| Fixed assets | 21/28 | €213,636 | €176,398 | -€37,238 | -17.4% |
| Tangible fixed assets | 22/27 | €210,511 | €173,273 | -€37,238 | -17.7% |
| Plant, machinery and equipment | 23 | €131,985 | €91,424 | -€40,561 | -30.7% |
| Furniture and vehicles | 24 | €78,526 | €81,849 | +€3,323 | +4.2% |
| Financial fixed assets | 28 | €3,125 | €3,125 | = | 0.0% |
| Current assets | 29/58 | €3,176,509 | €3,332,670 | +€156,161 | +4.9% |
| Stocks and contracts in progress | 3 | €2,038,123 | €2,044,690 | +€6,567 | +0.3% |
| Stocks | 30/36 | €2,038,123 | €2,044,690 | +€6,567 | +0.3% |
| Amounts receivable within one year | 40/41 | €872,293 | €784,584 | -€87,708 | -10.1% |
| Trade receivables | 40 | €757,191 | €784,459 | +€27,268 | +3.6% |
| Other amounts receivable | 41 | €115,101 | €125 | -€114,976 | -99.9% |
| Cash at bank and in hand | 54/58 | €208,787 | €425,744 | +€216,957 | +103.9% |
| Deferred charges and accrued income | 490/1 | €57,307 | €77,652 | +€20,345 | +35.5% |
| Total equity and liabilities | 10/49 | €3,390,145 | €3,509,068 | +€118,923 | +3.5% |
| Equity | 10/15 | €1,427,617 | €1,929,696 | +€502,079 | +35.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,359,417 | €1,861,496 | +€502,079 | +36.9% |
| Amounts payable | 17/49 | €1,962,529 | €1,579,372 | -€383,157 | -19.5% |
| Amounts payable within one year | 42/48 | €1,735,896 | €1,292,740 | -€443,156 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €34,023 | - | -€34,023 | |
| Trade debts | 44 | €1,519,848 | €1,105,294 | -€414,554 | -27.3% |
| Suppliers | 440/4 | €1,519,848 | €1,105,294 | -€414,554 | -27.3% |
| Taxes, remuneration and social security | 45 | €182,025 | €187,446 | +€5,421 | +3.0% |
| Taxes | 450/3 | €60,015 | €98,293 | +€38,278 | +63.8% |
| Remuneration and social security | 454/9 | €122,010 | €89,153 | -€32,857 | -26.9% |
| Accrued charges and deferred income | 492/3 | €226,633 | €286,632 | +€59,999 | +26.5% |
| Remuneration, social security and pensions | 62 | €1,223,601 | €1,352,692 | +€129,090 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,108 | €69,932 | +€6,824 | +10.8% |
| Other operating charges | 640/8 | €27,670 | €27,973 | +€303 | +1.1% |
| Gross operating margin | 9900 | €1,703,767 | €2,319,625 | +€615,857 | +36.1% |
| Operating profit (loss) | 9901 | €389,388 | €869,027 | +€479,639 | +123.2% |
| Financial income | 75/76B | €13,600 | €24,383 | +€10,783 | +79.3% |
| Recurring financial income | 75 | €13,600 | €24,383 | +€10,783 | +79.3% |
| Financial charges | 65/66B | €172,680 | €172,472 | -€208 | -0.1% |
| Recurring financial charges | 65 | €172,680 | €172,472 | -€208 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €230,308 | €720,939 | +€490,630 | +213.0% |
| Income taxes | 67/77 | €84,899 | €218,859 | +€133,960 | +157.8% |
| Profit (loss) for the period | 9904 | €145,410 | €502,079 | +€356,670 | +245.3% |
| Profit (loss) for the period to be appropriated | 9905 | €145,410 | €502,079 | +€356,670 | +245.3% |
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 28 September 2026 via checked.be.