LE LAC: 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.
LE LAC
Largest movements
- Cash +€197,381
up €197,381 (+73.4%), from €269,068 to €466,449
mainly Net result for the year (+€164,844) and Current investments (+€40,173)
- Profit (loss) carried forward +€164,844
up €164,844 (+46.7%), from -€352,964 to -€188,120
- Financial charges -€1.2m
down €1.2m (-92.8%), from €1.3m to €96,054
of which Non-recurring financial charges: -€1.3m
- Taxes +€51,709
up €51,709 (+198.5%), from €26,056 to €77,764
- Financial income -€17,842
down €17,842 (-4.8%), from €370,800 to €352,958
- Other operating charges -€2,215
down €2,215 (-25.4%), from €8,707 to €6,492
- Gross operating margin -€1,573
down €1,573 (-25.2%), from -€6,232 to -€7,805
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 | €5,257,011 | €5,421,933 | +€164,922 | +3.1% |
| Current assets | 29/58 | €5,257,011 | €5,421,933 | +€164,922 | +3.1% |
| Amounts receivable within one year | 40/41 | €4,575 | €12,289 | +€7,714 | +168.6% |
| Other amounts receivable | 41 | €4,575 | €12,289 | +€7,714 | +168.6% |
| Current investments | 50/53 | €4,983,367 | €4,943,195 | -€40,173 | -0.8% |
| Cash at bank and in hand | 54/58 | €269,068 | €466,449 | +€197,381 | +73.4% |
| Total equity and liabilities | 10/49 | €5,257,011 | €5,421,933 | +€164,922 | +3.1% |
| Equity | 10/15 | €5,226,167 | €5,391,011 | +€164,844 | +3.2% |
| Reserves | 13 | €5,579,131 | €5,579,131 | = | 0.0% |
| Distributable reserves | 133 | €5,579,131 | €5,579,131 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€352,964 | -€188,120 | +€164,844 | +46.7% |
| Amounts payable | 17/49 | €30,843 | €30,922 | +€79 | +0.3% |
| Amounts payable within one year | 42/48 | €24,150 | €24,270 | +€120 | +0.5% |
| Trade debts | 44 | - | €120 | +€120 | |
| Suppliers | 440/4 | - | €120 | +€120 | |
| Other amounts payable | 47/48 | €24,150 | €24,150 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,693 | €6,652 | -€41 | -0.6% |
| Other operating charges | 640/8 | €8,707 | €6,492 | -€2,215 | -25.4% |
| Gross operating margin | 9900 | -€6,232 | -€7,805 | -€1,573 | -25.2% |
| Operating profit (loss) | 9901 | -€14,938 | -€14,296 | +€642 | +4.3% |
| Financial income | 75/76B | €370,800 | €352,958 | -€17,842 | -4.8% |
| Recurring financial income | 75 | €370,800 | €352,958 | -€17,842 | -4.8% |
| Financial charges | 65/66B | €1,333,852 | €96,054 | -€1.2m | -92.8% |
| Recurring financial charges | 65 | €36,599 | €96,054 | +€59,455 | +162.4% |
| Non-recurring financial charges | 66B | €1,297,253 | - | -€1.3m | |
| Profit (loss) for the period before taxes | 9903 | -€977,991 | €242,608 | +€1.2m | |
| Income taxes | 67/77 | €26,056 | €77,764 | +€51,709 | +198.5% |
| Profit (loss) for the period | 9904 | -€1,004,046 | €164,844 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,004,046 | €164,844 | +€1.2m |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.