DE LAET: 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 LAET
Largest movements
- Stocks and contracts +€34,412
up €34,412 (+14.6%), from €235,004 to €269,416
- Tangible fixed assets -€10,921
down €10,921 (-4.2%), from €260,916 to €249,995
of which Land and buildings: -€5,789
- Receivables within one year -€8,363
down €8,363 (-83.0%), from €10,079 to €1,716
- Profit (loss) carried forward +€36,419
up €36,419 (+167.8%), from €21,710 to €58,129
- Trade debts -€21,114
down €21,114 (-37.8%), from €55,896 to €34,783
- Tax, wage and social debts +€11,959
up €11,959 (+114.3%), from €10,467 to €22,426
of which Taxes: +€15,399
- Debts after one year -€9,500
down €9,500 (-5.8%), from €164,667 to €155,167
- Gross operating margin +€39,755
up €39,755 (+102.9%), from €38,625 to €78,380
- Taxes +€11,662
up €11,662 (+472.2%), from €2,470 to €14,132
- Depreciation -€1,484
down €1,484 (-11.3%), from €13,127 to €11,643
- Financial charges +€1,325
up €1,325 (+10.0%), from €13,279 to €14,604
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.
Cash bridge derived
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 | €529,511 | €550,257 | +€20,746 | +3.9% |
| Fixed assets | 21/28 | €262,059 | €250,416 | -€11,643 | -4.4% |
| Intangible fixed assets | 21 | €1,143 | €421 | -€722 | -63.2% |
| Tangible fixed assets | 22/27 | €260,916 | €249,995 | -€10,921 | -4.2% |
| Land and buildings | 22 | €251,688 | €245,899 | -€5,789 | -2.3% |
| Plant, machinery and equipment | 23 | €1,556 | €1,628 | +€72 | +4.7% |
| Furniture and vehicles | 24 | €2,949 | €1,479 | -€1,471 | -49.9% |
| Leasing and similar rights | 25 | €2,445 | - | -€2,445 | |
| Other tangible fixed assets | 26 | €2,278 | €989 | -€1,289 | -56.6% |
| Current assets | 29/58 | €267,452 | €299,841 | +€32,388 | +12.1% |
| Stocks and contracts in progress | 3 | €235,004 | €269,416 | +€34,412 | +14.6% |
| Stocks | 30/36 | €235,004 | €269,416 | +€34,412 | +14.6% |
| Amounts receivable within one year | 40/41 | €10,079 | €1,716 | -€8,363 | -83.0% |
| Trade receivables | 40 | €10,079 | €1,716 | -€8,363 | -83.0% |
| Cash at bank and in hand | 54/58 | €19,307 | €23,972 | +€4,665 | +24.2% |
| Deferred charges and accrued income | 490/1 | €3,063 | €4,737 | +€1,674 | +54.7% |
| Total equity and liabilities | 10/49 | €529,511 | €550,257 | +€20,746 | +3.9% |
| Equity | 10/15 | €89,127 | €125,547 | +€36,419 | +40.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €48,826 | €48,826 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,966 | €3,966 | = | 0.0% |
| Distributable reserves | 133 | €44,859 | €44,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,710 | €58,129 | +€36,419 | +167.8% |
| Amounts payable | 17/49 | €440,384 | €424,710 | -€15,674 | -3.6% |
| Amounts payable after more than one year | 17 | €164,667 | €155,167 | -€9,500 | -5.8% |
| Financial debts | 170/4 | €164,667 | €155,167 | -€9,500 | -5.8% |
| Amounts payable within one year | 42/48 | €275,717 | €269,544 | -€6,173 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €10,554 | €9,500 | -€1,054 | -10.0% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €55,896 | €34,783 | -€21,114 | -37.8% |
| Suppliers | 440/4 | €55,896 | €34,783 | -€21,114 | -37.8% |
| Taxes, remuneration and social security | 45 | €10,467 | €22,426 | +€11,959 | +114.3% |
| Taxes | 450/3 | €7,027 | €22,426 | +€15,399 | +219.1% |
| Remuneration and social security | 454/9 | €3,440 | - | -€3,440 | |
| Other amounts payable | 47/48 | €148,800 | €152,835 | +€4,035 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,127 | €11,643 | -€1,484 | -11.3% |
| Other operating charges | 640/8 | €1,002 | €1,602 | +€600 | +59.8% |
| Gross operating margin | 9900 | €38,625 | €78,380 | +€39,755 | +102.9% |
| Operating profit (loss) | 9901 | €24,495 | €65,135 | +€40,640 | +165.9% |
| Financial income | 75/76B | €31 | €21 | -€11 | -34.4% |
| Recurring financial income | 75 | €31 | €21 | -€11 | -34.4% |
| Financial charges | 65/66B | €13,279 | €14,604 | +€1,325 | +10.0% |
| Recurring financial charges | 65 | €13,279 | €14,604 | +€1,325 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €11,247 | €50,552 | +€39,304 | +349.5% |
| Income taxes | 67/77 | €2,470 | €14,132 | +€11,662 | +472.2% |
| Profit (loss) for the period | 9904 | €8,777 | €36,419 | +€27,642 | +314.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,777 | €36,419 | +€27,642 | +314.9% |
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 10 October 2026 via checked.be.