LAXAZ: 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.
LAXAZ
Largest movements
- Receivables after one year +€240,000
up €240,000 (+240.0%), from €100,000 to €340,000
- Cash -€124,647
down €124,647 (-54.8%), from €227,482 to €102,835
mainly Receivables after one year (-€240,000) and Contributions, distributions and other (-€203,780)
- Receivables within one year +€53,496
up €53,496 (+56.1%), from €95,296 to €148,793
of which Trade receivables: +€32,710
- Tangible fixed assets -€9,537
down €9,537 (-16.8%), from €56,875 to €47,338
of which Furniture and vehicles: -€14,372
- Other debts +€201,881
up €201,881 (+10630.5%), from €1,899 to €203,780
- Reserves -€80,305
down €80,305 (-18.8%), from €427,907 to €347,602
- Trade debts +€22,206
up €22,206 (+887.9%), from €2,501 to €24,707
- Tax, wage and social debts +€16,920
up €16,920 (+46.5%), from €36,401 to €53,321
- Gross operating margin +€15,818
up €15,818 (+9.6%), from €164,629 to €180,447
- Financial income +€14,355
up €14,355 (+7297.0%), from €197 to €14,552
of which Financial income: +€14,355
- Taxes +€10,158
up €10,158 (+23.4%), from €43,346 to €53,504
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 | €482,315 | €642,139 | +€159,824 | +33.1% |
| Fixed assets | 21/28 | €56,875 | €47,338 | -€9,537 | -16.8% |
| Tangible fixed assets | 22/27 | €56,875 | €47,338 | -€9,537 | -16.8% |
| Furniture and vehicles | 24 | €52,321 | €37,950 | -€14,372 | -27.5% |
| Other tangible fixed assets | 26 | €4,554 | €9,388 | +€4,834 | +106.2% |
| Current assets | 29/58 | €425,440 | €594,801 | +€169,361 | +39.8% |
| Amounts receivable after more than one year | 29 | €100,000 | €340,000 | +€240,000 | +240.0% |
| Other amounts receivable | 291 | €100,000 | €340,000 | +€240,000 | +240.0% |
| Amounts receivable within one year | 40/41 | €95,296 | €148,793 | +€53,496 | +56.1% |
| Trade receivables | 40 | €92,505 | €125,214 | +€32,710 | +35.4% |
| Other amounts receivable | 41 | €2,792 | €23,579 | +€20,787 | +744.6% |
| Cash at bank and in hand | 54/58 | €227,482 | €102,835 | -€124,647 | -54.8% |
| Deferred charges and accrued income | 490/1 | €2,662 | €3,173 | +€512 | +19.2% |
| Total equity and liabilities | 10/49 | €482,315 | €642,139 | +€159,824 | +33.1% |
| Equity | 10/15 | €440,307 | €360,002 | -€80,305 | -18.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €427,907 | €347,602 | -€80,305 | -18.8% |
| Distributable reserves | 133 | €427,907 | €347,602 | -€80,305 | -18.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,008 | €282,137 | +€240,129 | +571.6% |
| Amounts payable within one year | 42/48 | €40,954 | €281,973 | +€241,019 | +588.5% |
| Financial debts | 43 | €153 | €164 | +€11 | +7.1% |
| Credit institutions | 430/8 | €153 | €164 | +€11 | +7.1% |
| Trade debts | 44 | €2,501 | €24,707 | +€22,206 | +887.9% |
| Suppliers | 440/4 | €2,501 | €24,707 | +€22,206 | +887.9% |
| Taxes, remuneration and social security | 45 | €36,401 | €53,321 | +€16,920 | +46.5% |
| Taxes | 450/3 | €36,401 | €53,321 | +€16,920 | +46.5% |
| Other amounts payable | 47/48 | €1,899 | €203,780 | +€201,881 | +10630.5% |
| Accrued charges and deferred income | 492/3 | €1,054 | €164 | -€890 | -84.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,013 | €15,782 | +€769 | +5.1% |
| Other operating charges | 640/8 | €1,504 | €1,911 | +€407 | +27.1% |
| Gross operating margin | 9900 | €164,629 | €180,447 | +€15,818 | +9.6% |
| Operating profit (loss) | 9901 | €148,112 | €162,754 | +€14,642 | +9.9% |
| Financial income | 75/76B | €197 | €14,552 | +€14,355 | +7297.0% |
| Recurring financial income | 75 | €197 | €14,552 | +€14,355 | +7297.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,223 | €326 | -€897 | -73.3% |
| Recurring financial charges | 65 | €1,223 | €326 | -€897 | -73.3% |
| Profit (loss) for the period before taxes | 9903 | €147,085 | €176,980 | +€29,895 | +20.3% |
| Income taxes | 67/77 | €43,346 | €53,504 | +€10,158 | +23.4% |
| Profit (loss) for the period | 9904 | €103,739 | €123,476 | +€19,737 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,739 | €123,476 | +€19,737 | +19.0% |
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 7 October 2026 via checked.be.