LAXMI: 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.
LAXMI
Largest movements
- Cash -€209,359
down €209,359 (-96.1%), from €217,896 to €8,536
mainly Current investments (-€197,531) and Net result for the year (-€14,877)
- Current investments +€197,531
new in 2025: €197,531
- Tangible fixed assets -€8,251
down €8,251 (-11.5%), from €71,838 to €63,587
of which Land and buildings: -€9,320
- Receivables within one year -€4,249
down €4,249 (-90.6%), from €4,690 to €441
- Reserves -€14,877
down €14,877 (-12.8%), from €116,191 to €101,314
- Current portion of long-term debt -€5,787
down €5,787 (-91.5%), from €6,321 to €535
- Other debts -€3,373
down €3,373 (-7.3%), from €46,321 to €42,949
- Gross operating margin -€285,439
down €285,439 (-97.8%), from €291,781 to €6,343
- Taxes -€40,143
down €40,143 (-99.6%), from €40,310 to €168
- Financial charges +€3,695
up €3,695 (+395%), from €936 to €4,631
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 | €294,424 | €270,094 | -€24,329 | -8.3% |
| Fixed assets | 21/28 | €71,838 | €63,587 | -€8,251 | -11.5% |
| Tangible fixed assets | 22/27 | €71,838 | €63,587 | -€8,251 | -11.5% |
| Land and buildings | 22 | €66,832 | €57,511 | -€9,320 | -13.9% |
| Plant, machinery and equipment | 23 | €433 | €3,502 | +€3,069 | +709% |
| Furniture and vehicles | 24 | €4,574 | €2,574 | -€2,000 | -43.7% |
| Current assets | 29/58 | €222,585 | €206,508 | -€16,078 | -7.2% |
| Amounts receivable within one year | 40/41 | €4,690 | €441 | -€4,249 | -90.6% |
| Other amounts receivable | 41 | €4,690 | €441 | -€4,249 | -90.6% |
| Current investments | 50/53 | - | €197,531 | +€197,531 | |
| Cash at bank and in hand | 54/58 | €217,896 | €8,536 | -€209,359 | -96.1% |
| Total equity and liabilities | 10/49 | €294,424 | €270,094 | -€24,329 | -8.3% |
| Equity | 10/15 | €240,138 | €225,261 | -€14,877 | -6.2% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €116,191 | €101,314 | -€14,877 | -12.8% |
| Distributable reserves | 133 | €116,191 | €101,314 | -€14,877 | -12.8% |
| Amounts payable | 17/49 | €54,286 | €44,833 | -€9,452 | -17.4% |
| Amounts payable after more than one year | 17 | €535 | - | -€535 | |
| Financial debts | 170/4 | €535 | - | -€535 | |
| Amounts payable within one year | 42/48 | €53,551 | €44,603 | -€8,948 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €6,321 | €535 | -€5,787 | -91.5% |
| Trade debts | 44 | €908 | €640 | -€268 | -29.5% |
| Suppliers | 440/4 | €908 | €640 | -€268 | -29.5% |
| Taxes, remuneration and social security | 45 | - | €480 | +€480 | |
| Taxes | 450/3 | - | €480 | +€480 | |
| Other amounts payable | 47/48 | €46,321 | €42,949 | -€3,373 | -7.3% |
| Accrued charges and deferred income | 492/3 | €200 | €230 | +€30 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,768 | €14,941 | +€2,172 | +17.0% |
| Other operating charges | 640/8 | €3,643 | €3,509 | -€134 | -3.7% |
| Gross operating margin | 9900 | €291,781 | €6,343 | -€285,439 | -97.8% |
| Operating profit (loss) | 9901 | €275,370 | -€12,106 | -€287,477 | |
| Financial income | 75/76B | €1 | €2,028 | +€2,027 | +177,818% |
| Recurring financial income | 75 | €1 | €2,028 | +€2,027 | +177,818% |
| Financial charges | 65/66B | €936 | €4,631 | +€3,695 | +395% |
| Recurring financial charges | 65 | €936 | €4,631 | +€3,695 | +395% |
| Profit (loss) for the period before taxes | 9903 | €274,435 | -€14,709 | -€289,145 | |
| Income taxes | 67/77 | €40,310 | €168 | -€40,143 | -99.6% |
| Profit (loss) for the period | 9904 | €234,125 | -€14,877 | -€249,002 | |
| Profit (loss) for the period to be appropriated | 9905 | €234,125 | -€14,877 | -€249,002 |
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 14 October 2026 via checked.be.