LASTERS: what changed
LASTERS
Largest movements
- Receivables within one year -€103,397
down €103,397 (-57.1%), from €181,177 to €77,780
of which Trade receivables: -€106,396
- Cash +€12,187
up €12,187 (+37.7%), from €32,334 to €44,521
mainly Receivables within one year (+€103,397) and Depreciation (+€9,211)
- Tangible fixed assets -€8,148
down €8,148 (-22.2%), from €36,730 to €28,582
of which Furniture and vehicles: -€7,805
- Deferred charges and accrued income +€3,564
up €3,564 (+275%), from €1,294 to €4,858
- Trade debts -€51,201
down €51,201 (-64.8%), from €79,056 to €27,855
- Profit (loss) carried forward -€36,035
down €36,035 (-503%), from -€7,162 to -€43,197
- Debts after one year -€5,726
down €5,726 (-62.6%), from €9,150 to €3,425
- Tax, wage and social debts +€5,487
up €5,487 (+53.8%), from €10,209 to €15,696
of which Remuneration and social security: +€4,856
- Accrued charges and deferred income -€4,455
down €4,455 (-100%), from €4,455 to €0
- Gross operating margin -€64,223
down €64,223 (-35.8%), from €179,274 to €115,051
- Staff costs -€50,923
down €50,923 (-32.2%), from €158,021 to €107,098
- Other operating charges +€28,222
up €28,222 (+1,594%), from €1,771 to €29,993
- Financial charges -€9,217
down €9,217 (-67.6%), from €13,636 to €4,419
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €261,535 | €165,741 | -€95,794 | -36.6% |
| Fixed assets | 21/28 | €36,730 | €28,582 | -€8,148 | -22.2% |
| Tangible fixed assets | 22/27 | €36,730 | €28,582 | -€8,148 | -22.2% |
| Land and buildings | 22 | €15,840 | €15,840 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,900 | €4,557 | -€344 | -7.0% |
| Furniture and vehicles | 24 | €15,990 | €8,185 | -€7,805 | -48.8% |
| Current assets | 29/58 | €224,805 | €137,159 | -€87,646 | -39.0% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €181,177 | €77,780 | -€103,397 | -57.1% |
| Trade receivables | 40 | €181,113 | €74,718 | -€106,396 | -58.7% |
| Other amounts receivable | 41 | €64 | €3,063 | +€2,999 | +4,687% |
| Cash at bank and in hand | 54/58 | €32,334 | €44,521 | +€12,187 | +37.7% |
| Deferred charges and accrued income | 490/1 | €1,294 | €4,858 | +€3,564 | +275% |
| Total equity and liabilities | 10/49 | €261,535 | €165,741 | -€95,794 | -36.6% |
| Equity | 10/15 | €51,995 | €15,960 | -€36,035 | -69.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €52,957 | €52,957 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €2,380 | €2,380 | = | 0.0% |
| Distributable reserves | 133 | €50,578 | €50,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,162 | -€43,197 | -€36,035 | -503% |
| Amounts payable | 17/49 | €209,540 | €149,781 | -€59,759 | -28.5% |
| Amounts payable after more than one year | 17 | €9,150 | €3,425 | -€5,726 | -62.6% |
| Financial debts | 170/4 | €9,150 | €3,425 | -€5,726 | -62.6% |
| Amounts payable within one year | 42/48 | €195,935 | €146,356 | -€49,578 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €8,844 | €5,726 | -€3,118 | -35.3% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €79,056 | €27,855 | -€51,201 | -64.8% |
| Suppliers | 440/4 | €79,056 | €27,855 | -€51,201 | -64.8% |
| Taxes, remuneration and social security | 45 | €10,209 | €15,696 | +€5,487 | +53.8% |
| Taxes | 450/3 | €5,838 | €6,469 | +€631 | +10.8% |
| Remuneration and social security | 454/9 | €4,371 | €9,227 | +€4,856 | +111% |
| Other amounts payable | 47/48 | €22,825 | €22,079 | -€747 | -3.3% |
| Accrued charges and deferred income | 492/3 | €4,455 | €0 | -€4,455 | -100% |
| Non-recurring operating income | 76A | - | €800 | +€800 | |
| Remuneration, social security and pensions | 62 | €158,021 | €107,098 | -€50,923 | -32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,420 | €9,211 | -€1,209 | -11.6% |
| Other operating charges | 640/8 | €1,771 | €29,993 | +€28,222 | +1,594% |
| Gross operating margin | 9900 | €179,274 | €115,051 | -€64,223 | -35.8% |
| Operating profit (loss) | 9901 | €9,062 | -€31,250 | -€40,312 | |
| Financial income | 75/76B | €85 | €0 | -€85 | -100% |
| Recurring financial income | 75 | €85 | €0 | -€85 | -100% |
| Financial charges | 65/66B | €13,636 | €4,419 | -€9,217 | -67.6% |
| Recurring financial charges | 65 | €13,636 | €4,419 | -€9,217 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,489 | -€35,670 | -€31,181 | -695% |
| Income taxes | 67/77 | €355 | €365 | +€11 | +3.0% |
| Profit (loss) for the period | 9904 | -€4,843 | -€36,035 | -€31,192 | -644% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,843 | -€36,035 | -€31,192 | -644% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.