E. LAUREYS: what changed
Two fiscal 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.
E. LAUREYS
Largest movements
- Current investments -€161,174
down €161,174 (-38.4%), from €420,052 to €258,878
- Cash +€139,326
up €139,326 (+25.2%), from €553,689 to €693,016
mainly Net result for the year (+€259,066) and Current investments (+€161,174)
- Receivables within one year +€34,000
up €34,000, from €0 to €34,000
of which Other amounts receivable: +€32,461
- Tangible fixed assets +€11,871
up €11,871 (+10.6%), from €112,015 to €123,887
of which Leasing and similar rights: +€35,595
- Reserves +€259,066
up €259,066 (+35.0%), from €741,231 to €1.0m
of which Distributable reserves: +€259,066
- Other debts -€199,819
down €199,819 (-99.2%), from €201,456 to €1,637
- Current portion of long-term debt -€26,583
down €26,583 (-40.2%), from €66,149 to €39,566
- Tax, wage and social debts -€22,726
down €22,726 (-45.2%), from €50,275 to €27,549
of which Taxes: -€18,163
- Trade debts +€14,680
up €14,680 (+213.5%), from €6,878 to €21,558
- Gross operating margin -€81,514
down €81,514 (-13.7%), from €594,956 to €513,443
- Depreciation -€81,447
down €81,447 (-69.5%), from €117,159 to €35,712
- Financial charges +€14,692
up €14,692, from -€11,163 to €3,530
- Taxes -€10,911
down €10,911 (-11.0%), from €99,195 to €88,284
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,105,552 | €1,125,866 | +€20,315 | +1.8% |
| Fixed assets | 21/28 | €128,480 | €133,937 | +€5,457 | +4.2% |
| Intangible fixed assets | 21 | €12,559 | €6,144 | -€6,415 | -51.1% |
| Tangible fixed assets | 22/27 | €112,015 | €123,887 | +€11,871 | +10.6% |
| Land and buildings | 22 | €15,418 | €13,529 | -€1,889 | -12.2% |
| Plant, machinery and equipment | 23 | - | €2,941 | +€2,941 | |
| Leasing and similar rights | 25 | - | €35,595 | +€35,595 | |
| Other tangible fixed assets | 26 | €96,598 | €71,821 | -€24,777 | -25.6% |
| Financial fixed assets | 28 | €3,906 | €3,906 | = | 0.0% |
| Current assets | 29/58 | €977,072 | €991,930 | +€14,858 | +1.5% |
| Amounts receivable within one year | 40/41 | €0 | €34,000 | +€34,000 | |
| Trade receivables | 40 | - | €1,540 | +€1,540 | |
| Other amounts receivable | 41 | €0 | €32,461 | +€32,461 | |
| Current investments | 50/53 | €420,052 | €258,878 | -€161,174 | -38.4% |
| Cash at bank and in hand | 54/58 | €553,689 | €693,016 | +€139,326 | +25.2% |
| Deferred charges and accrued income | 490/1 | €3,331 | €6,036 | +€2,705 | +81.2% |
| Total equity and liabilities | 10/49 | €1,105,552 | €1,125,866 | +€20,315 | +1.8% |
| Equity | 10/15 | €747,431 | €1,006,498 | +€259,066 | +34.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €741,231 | €1,000,298 | +€259,066 | +35.0% |
| 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 | €739,371 | €998,438 | +€259,066 | +35.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €358,120 | €119,369 | -€238,752 | -66.7% |
| Amounts payable after more than one year | 17 | €33,363 | €29,016 | -€4,347 | -13.0% |
| Financial debts | 170/4 | €33,363 | €29,016 | -€4,347 | -13.0% |
| Amounts payable within one year | 42/48 | €324,757 | €90,309 | -€234,448 | -72.2% |
| Current portion of amounts payable after more than one year | 42 | €66,149 | €39,566 | -€26,583 | -40.2% |
| Trade debts | 44 | €6,878 | €21,558 | +€14,680 | +213.5% |
| Suppliers | 440/4 | €6,878 | €21,558 | +€14,680 | +213.5% |
| Taxes, remuneration and social security | 45 | €50,275 | €27,549 | -€22,726 | -45.2% |
| Taxes | 450/3 | €23,740 | €5,577 | -€18,163 | -76.5% |
| Remuneration and social security | 454/9 | €26,535 | €21,972 | -€4,563 | -17.2% |
| Other amounts payable | 47/48 | €201,456 | €1,637 | -€199,819 | -99.2% |
| Accrued charges and deferred income | 492/3 | €0 | €44 | +€44 | |
| Remuneration, social security and pensions | 62 | €129,034 | €132,654 | +€3,620 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,159 | €35,712 | -€81,447 | -69.5% |
| Other operating charges | 640/8 | €1,547 | €1,685 | +€138 | +8.9% |
| Non-recurring operating charges | 66A | €74 | €0 | -€74 | -100.0% |
| Gross operating margin | 9900 | €594,956 | €513,443 | -€81,514 | -13.7% |
| Operating profit (loss) | 9901 | €347,143 | €343,392 | -€3,751 | -1.1% |
| Financial income | 75/76B | €1,728 | €7,488 | +€5,760 | +333.3% |
| Recurring financial income | 75 | €1,728 | €7,488 | +€5,760 | +333.3% |
| Financial charges | 65/66B | -€11,163 | €3,530 | +€14,692 | |
| Recurring financial charges | 65 | -€11,163 | €3,530 | +€14,692 | |
| Profit (loss) for the period before taxes | 9903 | €360,034 | €347,350 | -€12,684 | -3.5% |
| Income taxes | 67/77 | €99,195 | €88,284 | -€10,911 | -11.0% |
| Profit (loss) for the period | 9904 | €260,839 | €259,066 | -€1,772 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €260,839 | €259,066 | -€1,772 | -0.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.