GEBROEDERS LAEVAERT: what changed
What changed
GEBROEDERS LAEVAERT
NACE 43.110, Demolition
filed annual accounts (NBB)
Net result for the year
€41,383
2024 · €63,522-€22,139
Equity
€796,716
2024 · €755,333+€41,383
Cash
€42,910
2024 · €33,691+€9,218
Balance sheet total
€1.2m
2024 · €1.3m-€33,845
Largest movements
Assets
- Tangible fixed assets -€73,745
down €73,745 (-9.1%), from €809,300 to €735,555
of which Land and buildings: -€40,023
- Receivables within one year +€26,903
up €26,903 (+9.8%), from €274,504 to €301,407
of which Other amounts receivable: +€14,659
Equity and liabilities
- Debts after one year -€54,415
down €54,415 (-19.1%), from €284,925 to €230,510
- Reserves +€41,383
up €41,383 (+6.9%), from €595,859 to €637,242
of which Distributable reserves: +€67,292
- Current portion of long-term debt -€36,464
down €36,464 (-38.0%), from €96,036 to €59,572
- Tax, wage and social debts +€16,008
up €16,008 (+48.6%), from €32,921 to €48,929
of which Taxes: +€19,909
Income statement
- Gross operating margin -€35,988
down €35,988 (-13.1%), from €274,331 to €238,343
- Taxes -€8,765
down €8,765 (-20.5%), from €42,745 to €33,979
- Other operating charges -€6,346
down €6,346 (-24.1%), from €26,364 to €20,018
- Depreciation +€5,126
up €5,126 (+5.8%), from €89,000 to €94,125
- Financial charges -€3,439
down €3,439 (-25.2%), from €13,633 to €10,194
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€63,522
Gross operating margin
-€35,988
Staff costs
-€1,264
Depreciation
-€5,126
Other operating charges
+€6,346
Financial income
+€1,029
Financial charges
+€3,439
Taxes
+€8,765
Deferred taxes and other
+€659
Result 2025
€41,383
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€123,978
Investment
-€23,881
Financing
-€90,879
Cash 2024
€33,691
From operations (derived)
+€123,978
Net result for the year
+€41,383
Depreciation
+€94,125
Receivables within one year
-€26,903
Deferred charges and accrued income
-€278
Provisions
-€8,636
Trade debts
+€8,019
Tax, wage and social debts
+€16,008
Other debts
+€4,858
Accrued charges and deferred income
-€4,598
Investment (derived)
-€23,881
Investment in fixed assets (net)
-€23,881
Financing
-€90,879
Debts after one year
-€54,415
Current portion of long-term debt
-€36,464
Cash 2025
€42,910
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,271,945 | €1,238,100 | -€33,845 | -2.7% |
| Fixed assets | 21/28 | €958,516 | €888,271 | -€70,245 | -7.3% |
| Tangible fixed assets | 22/27 | €809,300 | €735,555 | -€73,745 | -9.1% |
| Land and buildings | 22 | €639,917 | €599,894 | -€40,023 | -6.3% |
| Plant, machinery and equipment | 23 | €32,781 | €32,420 | -€360 | -1.1% |
| Furniture and vehicles | 24 | €136,603 | €103,241 | -€33,362 | -24.4% |
| Financial fixed assets | 28 | €149,216 | €152,716 | +€3,500 | +2.3% |
| Current assets | 29/58 | €313,429 | €349,829 | +€36,400 | +11.6% |
| Amounts receivable within one year | 40/41 | €274,504 | €301,407 | +€26,903 | +9.8% |
| Trade receivables | 40 | €85,740 | €97,985 | +€12,245 | +14.3% |
| Other amounts receivable | 41 | €188,764 | €203,422 | +€14,659 | +7.8% |
| Cash at bank and in hand | 54/58 | €33,691 | €42,910 | +€9,218 | +27.4% |
| Deferred charges and accrued income | 490/1 | €5,234 | €5,512 | +€278 | +5.3% |
| Total equity and liabilities | 10/49 | €1,271,945 | €1,238,100 | -€33,845 | -2.7% |
| Equity | 10/15 | €755,333 | €796,716 | +€41,383 | +5.5% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Capital | 10 | €85,000 | €85,000 | = | 0.0% |
| Issued capital | 100 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €595,859 | €637,242 | +€41,383 | +6.9% |
| Non-distributable reserves | 130/1 | €8,500 | €8,500 | = | 0.0% |
| Legal reserve | 130 | €8,500 | €8,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €212,087 | €186,178 | -€25,909 | -12.2% |
| Distributable reserves | 133 | €375,271 | €442,563 | +€67,292 | +17.9% |
| Profit (loss) carried forward | 14 | €74,474 | €74,474 | = | 0.0% |
| Provisions and deferred taxes | 16 | €70,696 | €62,060 | -€8,636 | -12.2% |
| Deferred taxes | 168 | €70,696 | €62,060 | -€8,636 | -12.2% |
| Amounts payable | 17/49 | €445,917 | €379,325 | -€66,592 | -14.9% |
| Amounts payable after more than one year | 17 | €284,925 | €230,510 | -€54,415 | -19.1% |
| Financial debts | 170/4 | €284,925 | €230,510 | -€54,415 | -19.1% |
| Amounts payable within one year | 42/48 | €151,604 | €144,025 | -€7,579 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €96,036 | €59,572 | -€36,464 | -38.0% |
| Trade debts | 44 | €22,648 | €30,667 | +€8,019 | +35.4% |
| Suppliers | 440/4 | €22,648 | €30,667 | +€8,019 | +35.4% |
| Taxes, remuneration and social security | 45 | €32,921 | €48,929 | +€16,008 | +48.6% |
| Taxes | 450/3 | €29,020 | €48,929 | +€19,909 | +68.6% |
| Remuneration and social security | 454/9 | €3,900 | - | -€3,900 | |
| Other amounts payable | 47/48 | - | €4,858 | +€4,858 | |
| Accrued charges and deferred income | 492/3 | €9,388 | €4,790 | -€4,598 | -49.0% |
| Remuneration, social security and pensions | 62 | €52,601 | €53,864 | +€1,264 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,000 | €94,125 | +€5,126 | +5.8% |
| Other operating charges | 640/8 | €26,364 | €20,018 | -€6,346 | -24.1% |
| Gross operating margin | 9900 | €274,331 | €238,343 | -€35,988 | -13.1% |
| Operating profit (loss) | 9901 | €106,367 | €70,335 | -€36,032 | -33.9% |
| Financial income | 75/76B | €5,556 | €6,586 | +€1,029 | +18.5% |
| Recurring financial income | 75 | €5,556 | €6,586 | +€1,029 | +18.5% |
| Financial charges | 65/66B | €13,633 | €10,194 | -€3,439 | -25.2% |
| Recurring financial charges | 65 | €13,633 | €10,194 | -€3,439 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €98,290 | €66,727 | -€31,563 | -32.1% |
| Transfer from deferred taxes | 780 | €7,977 | €8,636 | +€659 | +8.3% |
| Income taxes | 67/77 | €42,745 | €33,979 | -€8,765 | -20.5% |
| Profit (loss) for the period | 9904 | €63,522 | €41,383 | -€22,139 | -34.9% |
| Transfer from tax-exempt reserves | 789 | €23,931 | €25,909 | +€1,978 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €87,453 | €67,292 | -€20,160 | -23.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.