Le Lacuzon: 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.
Le Lacuzon
Largest movements
- Tangible fixed assets -€120,598
no longer reported in 2025 (was €120,598)
- Current investments +€97,713
up €97,713 (+4,886%), from €2,000 to €99,713
- Cash +€14,901
up €14,901 (+15,920%), from €94 to €14,994
- Receivables within one year -€8,117
down €8,117 (-78.2%), from €10,375 to €2,258
of which Trade receivables: -€8,767
- Profit (loss) carried forward +€50,228
up €50,228 (+91.9%), from €54,634 to €104,861
- Debts after one year -€42,148
no longer reported in 2025 (was €42,148)
- Current portion of long-term debt -€17,551
no longer reported in 2025 (was €17,551)
- Trade debts -€6,352
down €6,352 (-90.1%), from €7,053 to €701
- Reserves -€5,976
down €5,976 (-27.5%), from €21,737 to €15,761
of which Distributable reserves: -€5,976
- Gross operating margin +€30,240
up €30,240 (+70.3%), from €42,997 to €73,237
- Depreciation -€5,473
no longer reported in 2025 (was €5,473)
- Taxes +€4,117
up €4,117 (+98.8%), from €4,169 to €8,286
- Financial charges -€2,369
down €2,369 (-96.6%), from €2,452 to €82
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €218,066 | €201,965 | -€16,102 | -7.4% |
| Fixed assets | 21/28 | €205,598 | €85,000 | -€120,598 | -58.7% |
| Tangible fixed assets | 22/27 | €120,598 | - | -€120,598 | |
| Land and buildings | 22 | €120,598 | - | -€120,598 | |
| Financial fixed assets | 28 | €85,000 | €85,000 | = | 0.0% |
| Current assets | 29/58 | €12,469 | €116,965 | +€104,496 | +838% |
| Amounts receivable within one year | 40/41 | €10,375 | €2,258 | -€8,117 | -78.2% |
| Trade receivables | 40 | €10,375 | €1,608 | -€8,767 | -84.5% |
| Other amounts receivable | 41 | - | €650 | +€650 | |
| Current investments | 50/53 | €2,000 | €99,713 | +€97,713 | +4,886% |
| Cash at bank and in hand | 54/58 | €94 | €14,994 | +€14,901 | +15,920% |
| Total equity and liabilities | 10/49 | €218,066 | €201,965 | -€16,102 | -7.4% |
| Equity | 10/15 | €82,571 | €126,823 | +€44,252 | +53.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,737 | €15,761 | -€5,976 | -27.5% |
| Non-distributable reserves | 130/1 | €15,761 | €15,761 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €13,901 | €13,901 | = | 0.0% |
| Distributable reserves | 133 | €5,976 | - | -€5,976 | |
| Profit (loss) carried forward | 14 | €54,634 | €104,861 | +€50,228 | +91.9% |
| Amounts payable | 17/49 | €135,496 | €75,142 | -€60,354 | -44.5% |
| Amounts payable after more than one year | 17 | €42,148 | - | -€42,148 | |
| Financial debts | 170/4 | €42,148 | - | -€42,148 | |
| Amounts payable within one year | 42/48 | €93,348 | €75,142 | -€18,206 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €17,551 | - | -€17,551 | |
| Trade debts | 44 | €7,053 | €701 | -€6,352 | -90.1% |
| Suppliers | 440/4 | €7,053 | €701 | -€6,352 | -90.1% |
| Taxes, remuneration and social security | 45 | €12,596 | €14,242 | +€1,647 | +13.1% |
| Taxes | 450/3 | €12,596 | €14,242 | +€1,647 | +13.1% |
| Other amounts payable | 47/48 | €56,148 | €60,199 | +€4,051 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,473 | - | -€5,473 | |
| Other operating charges | 640/8 | €883 | €910 | +€27 | +3.0% |
| Non-recurring operating charges | 66A | €234 | €143 | -€91 | -39.1% |
| Gross operating margin | 9900 | €42,997 | €73,237 | +€30,240 | +70.3% |
| Operating profit (loss) | 9901 | €36,407 | €72,184 | +€35,777 | +98.3% |
| Financial charges | 65/66B | €2,452 | €82 | -€2,369 | -96.6% |
| Recurring financial charges | 65 | €2,452 | €82 | -€2,369 | -96.6% |
| Profit (loss) for the period before taxes | 9903 | €33,956 | €72,102 | +€38,146 | +112% |
| Income taxes | 67/77 | €4,169 | €8,286 | +€4,117 | +98.8% |
| Profit (loss) for the period | 9904 | €29,787 | €63,816 | +€34,029 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €29,787 | €63,816 | +€34,029 | +114% |
Source: filed annual accounts (NBB), financial years ended 30 November 2023 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.