LES LACS: 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.
LES LACS
Largest movements
- Receivables within one year +€41,175
up €41,175 (+12.8%), from €321,891 to €363,066
of which Trade receivables: +€94,327
- Tangible fixed assets -€39,689
down €39,689 (-4.0%), from €997,582 to €957,893
of which Land and buildings: -€39,689
- Current investments -€32,111
down €32,111 (-21.4%), from €150,305 to €118,194
- Debts after one year -€59,601
down €59,601 (-8.7%), from €685,196 to €625,595
of which Financial debts: -€59,601
- Profit (loss) carried forward +€49,717
up €49,717 (+18,690%), from €266 to €49,983
- Current portion of long-term debt -€17,443
down €17,443 (-22.2%), from €78,715 to €61,272
- Gross operating margin -€671,378
down €671,378 (-84.0%), from €799,258 to €127,880
- Staff costs -€72,704
no longer reported in 2024 (was €72,704)
- Other operating charges -€10,312
down €10,312 (-58.4%), from €17,672 to €7,360
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,470,401 | €1,439,321 | -€31,080 | -2.1% |
| Fixed assets | 21/28 | €997,750 | €958,061 | -€39,689 | -4.0% |
| Tangible fixed assets | 22/27 | €997,582 | €957,893 | -€39,689 | -4.0% |
| Land and buildings | 22 | €997,582 | €957,893 | -€39,689 | -4.0% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €168 | €168 | = | 0.0% |
| Current assets | 29/58 | €472,651 | €481,260 | +€8,609 | +1.8% |
| Amounts receivable within one year | 40/41 | €321,891 | €363,066 | +€41,175 | +12.8% |
| Trade receivables | 40 | €38,043 | €132,370 | +€94,327 | +248% |
| Other amounts receivable | 41 | €283,848 | €230,696 | -€53,152 | -18.7% |
| Current investments | 50/53 | €150,305 | €118,194 | -€32,111 | -21.4% |
| Deferred charges and accrued income | 490/1 | €455 | - | -€455 | |
| Total equity and liabilities | 10/49 | €1,470,401 | €1,439,321 | -€31,080 | -2.1% |
| Equity | 10/15 | €516,171 | €562,096 | +€45,925 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €497,305 | €493,513 | -€3,792 | -0.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €474,945 | €471,153 | -€3,792 | -0.8% |
| Distributable reserves | 133 | €20,500 | €20,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €266 | €49,983 | +€49,717 | +18,690% |
| Provisions and deferred taxes | 16 | €158,315 | €157,051 | -€1,264 | -0.8% |
| Deferred taxes | 168 | €158,315 | €157,051 | -€1,264 | -0.8% |
| Amounts payable | 17/49 | €795,915 | €720,174 | -€75,741 | -9.5% |
| Amounts payable after more than one year | 17 | €685,196 | €625,595 | -€59,601 | -8.7% |
| Financial debts | 170/4 | €681,116 | €621,515 | -€59,601 | -8.8% |
| Other amounts payable | 178/9 | €4,080 | €4,080 | = | 0.0% |
| Amounts payable within one year | 42/48 | €110,719 | €94,579 | -€16,140 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €78,715 | €61,272 | -€17,443 | -22.2% |
| Financial debts | 43 | - | €13,750 | +€13,750 | |
| Other loans | 439 | - | €13,750 | +€13,750 | |
| Trade debts | 44 | €15,296 | €3,752 | -€11,544 | -75.5% |
| Suppliers | 440/4 | €15,296 | €3,752 | -€11,544 | -75.5% |
| Taxes, remuneration and social security | 45 | €16,060 | €15,156 | -€903 | -5.6% |
| Taxes | 450/3 | €16,060 | €15,156 | -€903 | -5.6% |
| Other amounts payable | 47/48 | €648 | €648 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €72,704 | - | -€72,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,009 | €39,689 | +€6,680 | +20.2% |
| Other operating charges | 640/8 | €17,672 | €7,360 | -€10,312 | -58.4% |
| Gross operating margin | 9900 | €799,258 | €127,880 | -€671,378 | -84.0% |
| Operating profit (loss) | 9901 | €675,873 | €80,831 | -€595,042 | -88.0% |
| Financial income | 75/76B | €6,518 | €224 | -€6,294 | -96.6% |
| Recurring financial income | 75 | €6,518 | €224 | -€6,294 | -96.6% |
| Financial charges | 65/66B | €17,683 | €23,168 | +€5,485 | +31.0% |
| Recurring financial charges | 65 | €17,683 | €23,168 | +€5,485 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €664,708 | €57,887 | -€606,821 | -91.3% |
| Transfer from deferred taxes | 780 | €1,264 | €1,264 | = | 0.0% |
| Transfer to deferred taxes | 680 | €159,579 | - | -€159,579 | |
| Income taxes | 67/77 | €10,907 | €13,226 | +€2,318 | +21.3% |
| Profit (loss) for the period | 9904 | €495,486 | €45,925 | -€449,561 | -90.7% |
| Transfer from tax-exempt reserves | 789 | €3,792 | €3,792 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €478,737 | - | -€478,737 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,541 | €49,717 | +€29,176 | +142% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.