New L.A.C.: 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.
New L.A.C.
Largest movements
- Cash -€36,961
down €36,961 (-86.2%), from €42,882 to €5,921
mainly Contributions, distributions and other (-€35,000) and Net result for the year (-€4,656)
- Tangible fixed assets -€1,622
down €1,622 (-19.9%), from €8,158 to €6,536
of which Furniture and vehicles: -€937
- Profit (loss) carried forward -€39,656
down €39,656 (-173%), from -€22,975 to -€62,631
- Trade debts +€1,432
up €1,432 (+371%), from €386 to €1,819
- Other operating charges -€1,108
down €1,108 (-75.9%), from €1,459 to €352
- Staff costs -€676
no longer reported in 2025 (was €676)
- Gross operating margin +€651
up €651 (+20.8%), from -€3,133 to -€2,481
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 | €53,515 | €15,436 | -€38,079 | -71.2% |
| Fixed assets | 21/28 | €8,433 | €6,811 | -€1,622 | -19.2% |
| Tangible fixed assets | 22/27 | €8,158 | €6,536 | -€1,622 | -19.9% |
| Plant, machinery and equipment | 23 | €5,435 | €4,750 | -€685 | -12.6% |
| Furniture and vehicles | 24 | €2,723 | €1,786 | -€937 | -34.4% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €45,082 | €8,625 | -€36,457 | -80.9% |
| Amounts receivable within one year | 40/41 | €2,201 | €2,705 | +€504 | +22.9% |
| Trade receivables | 40 | - | €1,991 | +€1,991 | |
| Other amounts receivable | 41 | €2,201 | €713 | -€1,487 | -67.6% |
| Cash at bank and in hand | 54/58 | €42,882 | €5,921 | -€36,961 | -86.2% |
| Total equity and liabilities | 10/49 | €53,515 | €15,436 | -€38,079 | -71.2% |
| Equity | 10/15 | €52,985 | €13,329 | -€39,656 | -74.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,360 | €57,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €55,500 | €55,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,975 | -€62,631 | -€39,656 | -173% |
| Amounts payable | 17/49 | €530 | €2,107 | +€1,577 | +297% |
| Amounts payable within one year | 42/48 | €530 | €2,107 | +€1,577 | +297% |
| Trade debts | 44 | €386 | €1,819 | +€1,432 | +371% |
| Suppliers | 440/4 | €386 | €1,819 | +€1,432 | +371% |
| Taxes, remuneration and social security | 45 | €144 | €288 | +€144 | +100% |
| Taxes | 450/3 | €144 | €288 | +€144 | +100% |
| Remuneration, social security and pensions | 62 | €676 | - | -€676 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,622 | €1,622 | = | 0.0% |
| Other operating charges | 640/8 | €1,459 | €352 | -€1,108 | -75.9% |
| Gross operating margin | 9900 | -€3,133 | -€2,481 | +€651 | +20.8% |
| Operating profit (loss) | 9901 | -€6,890 | -€4,455 | +€2,435 | +35.3% |
| Financial charges | 65/66B | €80 | €57 | -€23 | -29.1% |
| Recurring financial charges | 65 | €80 | €57 | -€23 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,970 | -€4,512 | +€2,458 | +35.3% |
| Income taxes | 67/77 | €144 | €144 | +€0 | +0.3% |
| Profit (loss) for the period | 9904 | -€7,114 | -€4,656 | +€2,458 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,114 | -€4,656 | +€2,458 | +34.6% |
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 22 October 2026 via checked.be.