DE LAERE: 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.
DE LAERE
Largest movements
- Cash -€28,553
down €28,553 (-53.7%), from €53,181 to €24,628
mainly Debts after one year (-€22,937) and Investment in fixed assets (net) (-€18,613)
- Tangible fixed assets -€18,582
down €18,582 (-12.8%), from €144,827 to €126,244
of which Furniture and vehicles: -€15,755
- Intangible fixed assets -€9,147
down €9,147 (-31.2%), from €29,276 to €20,129
- Debts after one year -€22,937
down €22,937 (-21.6%), from €106,426 to €83,489
- Reserves -€15,589
down €15,589 (-45.2%), from €34,489 to €18,900
of which Distributable reserves: -€15,589
- Tax, wage and social debts -€12,387
down €12,387 (-30.4%), from €40,782 to €28,396
of which Taxes: -€10,424
- Trade debts -€3,627
down €3,627 (-7.0%), from €51,606 to €47,979
- Gross operating margin -€45,346
down €45,346 (-17.4%), from €260,175 to €214,828
- Taxes -€9,151
down €9,151 (-95.0%), from €9,637 to €486
- Depreciation +€5,456
up €5,456 (+13.3%), from €40,886 to €46,342
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 | €281,200 | €224,474 | -€56,726 | -20.2% |
| Fixed assets | 21/28 | €175,891 | €148,162 | -€27,729 | -15.8% |
| Intangible fixed assets | 21 | €29,276 | €20,129 | -€9,147 | -31.2% |
| Tangible fixed assets | 22/27 | €144,827 | €126,244 | -€18,582 | -12.8% |
| Land and buildings | 22 | €84,017 | €72,353 | -€11,664 | -13.9% |
| Plant, machinery and equipment | 23 | €17,504 | €27,656 | +€10,152 | +58.0% |
| Furniture and vehicles | 24 | €38,405 | €22,650 | -€15,755 | -41.0% |
| Other tangible fixed assets | 26 | €4,902 | €3,586 | -€1,316 | -26.8% |
| Financial fixed assets | 28 | €1,788 | €1,788 | = | 0.0% |
| Current assets | 29/58 | €105,310 | €76,312 | -€28,997 | -27.5% |
| Stocks and contracts in progress | 3 | €23,218 | €23,218 | = | 0.0% |
| Stocks | 30/36 | €23,218 | €23,218 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,522 | €26,043 | -€478 | -1.8% |
| Trade receivables | 40 | €12,888 | €12,433 | -€454 | -3.5% |
| Other amounts receivable | 41 | €13,634 | €13,610 | -€24 | -0.2% |
| Cash at bank and in hand | 54/58 | €53,181 | €24,628 | -€28,553 | -53.7% |
| Deferred charges and accrued income | 490/1 | €2,389 | €2,423 | +€34 | +1.4% |
| Total equity and liabilities | 10/49 | €281,200 | €224,474 | -€56,726 | -20.2% |
| Equity | 10/15 | €59,289 | €41,480 | -€17,809 | -30.0% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €34,489 | €18,900 | -€15,589 | -45.2% |
| Tax-exempt reserves | 132 | €18,900 | €18,900 | = | 0.0% |
| Distributable reserves | 133 | €15,589 | - | -€15,589 | |
| Profit (loss) carried forward | 14 | - | -€2,220 | -€2,220 | |
| Amounts payable | 17/49 | €221,911 | €182,994 | -€38,917 | -17.5% |
| Amounts payable after more than one year | 17 | €106,426 | €83,489 | -€22,937 | -21.6% |
| Financial debts | 170/4 | €106,426 | €83,489 | -€22,937 | -21.6% |
| Amounts payable within one year | 42/48 | €114,628 | €99,312 | -€15,316 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €22,240 | €22,937 | +€697 | +3.1% |
| Trade debts | 44 | €51,606 | €47,979 | -€3,627 | -7.0% |
| Suppliers | 440/4 | €51,606 | €47,979 | -€3,627 | -7.0% |
| Taxes, remuneration and social security | 45 | €40,782 | €28,396 | -€12,387 | -30.4% |
| Taxes | 450/3 | €14,176 | €3,751 | -€10,424 | -73.5% |
| Remuneration and social security | 454/9 | €26,607 | €24,645 | -€1,962 | -7.4% |
| Accrued charges and deferred income | 492/3 | €857 | €193 | -€664 | -77.5% |
| Remuneration, social security and pensions | 62 | €178,595 | €176,821 | -€1,774 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,886 | €46,342 | +€5,456 | +13.3% |
| Other operating charges | 640/8 | €3,288 | €5,886 | +€2,599 | +79.0% |
| Gross operating margin | 9900 | €260,175 | €214,828 | -€45,346 | -17.4% |
| Operating profit (loss) | 9901 | €37,405 | -€14,222 | -€51,627 | |
| Financial income | 75/76B | €390 | €1,757 | +€1,367 | +350% |
| Recurring financial income | 75 | €390 | €1,757 | +€1,367 | +350% |
| Financial charges | 65/66B | €6,046 | €4,858 | -€1,188 | -19.6% |
| Recurring financial charges | 65 | €6,046 | €4,858 | -€1,188 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €31,750 | -€17,323 | -€49,072 | |
| Income taxes | 67/77 | €9,637 | €486 | -€9,151 | -95.0% |
| Profit (loss) for the period | 9904 | €22,112 | -€17,809 | -€39,921 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,112 | -€17,809 | -€39,921 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.