DE LAERE GROUP: 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 GROUP
Largest movements
- Cash +€21,244
up €21,244 (+18.5%), from €114,699 to €135,943
mainly Short-term financial debts (+€125,000) and Net result for the year (+€77,466)
- Debts after one year -€150,000
down €150,000 (-60.0%), from €250,000 to €100,000
- Short-term financial debts +€125,000
new in 2025: €125,000
- Reserves +€77,466
up €77,466 (+33.4%), from €231,904 to €309,369
- Trade debts -€30,074
down €30,074 (-93.6%), from €32,122 to €2,048
- Tax, wage and social debts -€18,511
down €18,511 (-41.3%), from €44,773 to €26,262
of which Taxes: -€19,703
- Gross operating margin -€12,949
down €12,949 (-9.7%), from €133,334 to €120,384
- Financial charges -€4,331
down €4,331 (-45.9%), from €9,430 to €5,099
- Other operating charges -€4,259
down €4,259 (-91.7%), from €4,647 to €387
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 | €956,750 | €978,615 | +€21,865 | +2.3% |
| Fixed assets | 21/28 | €38,716 | €36,761 | -€1,955 | -5.0% |
| Tangible fixed assets | 22/27 | €38,716 | €36,761 | -€1,955 | -5.0% |
| Land and buildings | 22 | €37,905 | €35,672 | -€2,233 | -5.9% |
| Plant, machinery and equipment | 23 | €811 | €627 | -€184 | -22.7% |
| Furniture and vehicles | 24 | - | €462 | +€462 | |
| Current assets | 29/58 | €918,034 | €941,854 | +€23,820 | +2.6% |
| Stocks and contracts in progress | 3 | €372,770 | €372,770 | = | 0.0% |
| Stocks | 30/36 | €372,770 | €372,770 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €430,565 | €433,141 | +€2,576 | +0.6% |
| Trade receivables | 40 | €78,618 | €76,438 | -€2,180 | -2.8% |
| Other amounts receivable | 41 | €351,947 | €356,703 | +€4,756 | +1.4% |
| Cash at bank and in hand | 54/58 | €114,699 | €135,943 | +€21,244 | +18.5% |
| Total equity and liabilities | 10/49 | €956,750 | €978,615 | +€21,865 | +2.3% |
| Equity | 10/15 | €250,504 | €327,969 | +€77,466 | +30.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €231,904 | €309,369 | +€77,466 | +33.4% |
| Distributable reserves | 133 | €231,904 | €309,369 | +€77,466 | +33.4% |
| Amounts payable | 17/49 | €706,247 | €650,646 | -€55,601 | -7.9% |
| Amounts payable after more than one year | 17 | €250,000 | €100,000 | -€150,000 | -60.0% |
| Financial debts | 170/4 | €250,000 | €100,000 | -€150,000 | -60.0% |
| Amounts payable within one year | 42/48 | €456,247 | €550,646 | +€94,399 | +20.7% |
| Financial debts | 43 | - | €125,000 | +€125,000 | |
| Credit institutions | 430/8 | - | €125,000 | +€125,000 | |
| Trade debts | 44 | €32,122 | €2,048 | -€30,074 | -93.6% |
| Suppliers | 440/4 | €32,122 | €2,048 | -€30,074 | -93.6% |
| Taxes, remuneration and social security | 45 | €44,773 | €26,262 | -€18,511 | -41.3% |
| Taxes | 450/3 | €43,459 | €23,756 | -€19,703 | -45.3% |
| Remuneration and social security | 454/9 | €1,314 | €2,506 | +€1,192 | +90.7% |
| Other amounts payable | 47/48 | €379,351 | €397,335 | +€17,985 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,338 | €2,554 | +€215 | +9.2% |
| Other operating charges | 640/8 | €4,647 | €387 | -€4,259 | -91.7% |
| Gross operating margin | 9900 | €133,334 | €120,384 | -€12,949 | -9.7% |
| Operating profit (loss) | 9901 | €126,349 | €117,444 | -€8,905 | -7.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -94.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -94.7% |
| Financial charges | 65/66B | €9,430 | €5,099 | -€4,331 | -45.9% |
| Recurring financial charges | 65 | €9,430 | €5,099 | -€4,331 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €116,919 | €112,345 | -€4,575 | -3.9% |
| Income taxes | 67/77 | €35,016 | €34,879 | -€137 | -0.4% |
| Profit (loss) for the period | 9904 | €81,903 | €77,466 | -€4,438 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €81,903 | €77,466 | -€4,438 | -5.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.