When LACROIX sold its mobility business, its finance team went with it. Euroaccounts took over

The French group sells its mobility business and, with it, the finance department of its Spanish subsidiary leaves too. Euroaccounts comes in two months before the sale takes effect and takes over accounting, reporting to the parent company and tax. A year later, the company has implemented SII with Euroaccounts in charge and has brought its financial management together under a single advisor.

The starting point

A French group established in Spain since 1996. It operated in the Spanish market with two businesses, one providing digital solutions for critical infrastructure (LACROIX Environment) and the other providing mobility solutions (LACROIX City), plus an in-house finance department that handled both.

The challenge

In 2024 the parent company closes the sale of the mobility business, effective June 2025. The Spanish finance department does not stay: it moves to the acquiring group together with the business that was sold.

The business that remains in Spain keeps all of its operations, its tax obligations and its reporting to the parent company, but is left without the finance team that handled them. Rather than rebuild the department, the company decides to outsource that part of the work.

The solution

The first contact is in January 2025. Work begins in April, two months before the sale took effect. Euroaccounts takes on three areas:

• Accounting. Supplier invoices, banking and bank reconciliations, and accounting closes including provisions, depreciation and inventory adjustments.
• Reporting. Monthly reports to the Managing Director and the parent company, support with annual budgets, cash flow and cash monitoring, monthly meetings with the Managing Director and with group management in France, and preparation and filing of the annual accounts.
• Tax. INTRASTAT, VAT (forms 303 and 349), Corporate Income Tax and tax advice.

One year on

2025 closed with strong revenue growth despite the sale of the mobility business. That growth made the company a large company for tax purposes from January 2026, with the obligation to keep its VAT books through Spain’s Immediate Supply of Information system (SII). Euroaccounts and the client approached it as a joint implementation project on their ERP, Microsoft Dynamics 365 Business Central, and today Euroaccounts handles the monitoring and submission.

At the end of 2025 the company ended the retainer it had with an external tax advisor for Corporate Income Tax and other tax matters, because Euroaccounts was already providing that service.

And the financial digitalisation projects the company has planned, automated invoice processing and workflows, are being prepared with Euroaccounts involved, given their impact on financial operations.

The result

• A head start: Euroaccounts began two months before the finance department left with the sale.
• SII up and running since January 2026, implemented on their ERP as a joint project.
• One provider fewer: the tax work that used to be split between two advisors is now handled by one.
• Monthly reporting to the Managing Director and to group management in France.

We knew the finance team would leave with the sale and that we could not go a single month without a close. Euroaccounts started two months earlier, so the handover was done with time to spare and without any upheaval. We are very satisfied with Euroaccounts’ day-to-day work and ongoing support.

Patrick Fabre, Managing Director of Lacroix in Spain