GROUP LAURENT: 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.
GROUP LAURENT
Largest movements
- Tangible fixed assets +€34,842
up €34,842 (+13.0%), from €267,557 to €302,399
of which Leasing and similar rights: +€47,471
- Cash -€21,954
down €21,954 (-54.3%), from €40,410 to €18,456
mainly Investment in fixed assets (net) (-€66,291) and Net result for the year (-€23,599)
- Stocks and contracts +€11,271
up €11,271 (+121%), from €9,313 to €20,584
- Deferred charges and accrued income +€4,418
up €4,418 (+196%), from €2,254 to €6,672
- Debts after one year +€31,419
new in 2025: €31,419
- Other debts +€31,173
up €31,173 (+12.0%), from €259,823 to €290,996
- Profit (loss) carried forward -€23,599
down €23,599 (-69.8%), from €33,816 to €10,217
- Trade debts -€13,854
down €13,854 (-38.5%), from €36,001 to €22,147
- Current portion of long-term debt +€9,660
new in 2025: €9,660
- Gross operating margin -€41,236
down €41,236 (-78.5%), from €52,530 to €11,294
- Depreciation +€17,215
up €17,215 (+120%), from €14,334 to €31,549
- Taxes -€3,936
down €3,936 (-95.7%), from €4,111 to €175
- Financial charges +€1,584
up €1,584 (+532%), from €298 to €1,882
- Financial income -€1,139
down €1,139 (-92.9%), from €1,226 to €87
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 | €352,750 | €380,434 | +€27,684 | +7.8% |
| Fixed assets | 21/28 | €268,305 | €303,047 | +€34,742 | +12.9% |
| Intangible fixed assets | 21 | €748 | €648 | -€100 | -13.4% |
| Tangible fixed assets | 22/27 | €267,557 | €302,399 | +€34,842 | +13.0% |
| Land and buildings | 22 | €241,094 | €228,947 | -€12,147 | -5.0% |
| Plant, machinery and equipment | 23 | €12,121 | €17,587 | +€5,466 | +45.1% |
| Furniture and vehicles | 24 | €14,342 | €8,394 | -€5,948 | -41.5% |
| Leasing and similar rights | 25 | - | €47,471 | +€47,471 | |
| Current assets | 29/58 | €84,445 | €77,387 | -€7,058 | -8.4% |
| Stocks and contracts in progress | 3 | €9,313 | €20,584 | +€11,271 | +121% |
| Stocks | 30/36 | €9,313 | €20,584 | +€11,271 | +121% |
| Amounts receivable within one year | 40/41 | €32,468 | €31,675 | -€793 | -2.4% |
| Trade receivables | 40 | €15,585 | €12,331 | -€3,254 | -20.9% |
| Other amounts receivable | 41 | €16,883 | €19,344 | +€2,461 | +14.6% |
| Cash at bank and in hand | 54/58 | €40,410 | €18,456 | -€21,954 | -54.3% |
| Deferred charges and accrued income | 490/1 | €2,254 | €6,672 | +€4,418 | +196% |
| Total equity and liabilities | 10/49 | €352,750 | €380,434 | +€27,684 | +7.8% |
| Equity | 10/15 | €46,712 | €23,113 | -€23,599 | -50.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €8,896 | €8,896 | = | 0.0% |
| Distributable reserves | 133 | €8,896 | €8,896 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,816 | €10,217 | -€23,599 | -69.8% |
| Amounts payable | 17/49 | €306,038 | €357,321 | +€51,283 | +16.8% |
| Amounts payable after more than one year | 17 | - | €31,419 | +€31,419 | |
| Financial debts | 170/4 | - | €31,419 | +€31,419 | |
| Amounts payable within one year | 42/48 | €306,038 | €325,902 | +€19,864 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | - | €9,660 | +€9,660 | |
| Trade debts | 44 | €36,001 | €22,147 | -€13,854 | -38.5% |
| Suppliers | 440/4 | €36,001 | €22,147 | -€13,854 | -38.5% |
| Taxes, remuneration and social security | 45 | €10,214 | €3,099 | -€7,115 | -69.7% |
| Taxes | 450/3 | €4,964 | €3,099 | -€1,865 | -37.6% |
| Remuneration and social security | 454/9 | €5,250 | - | -€5,250 | |
| Other amounts payable | 47/48 | €259,823 | €290,996 | +€31,173 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,334 | €31,549 | +€17,215 | +120% |
| Other operating charges | 640/8 | €1,197 | €1,374 | +€177 | +14.8% |
| Gross operating margin | 9900 | €52,530 | €11,294 | -€41,236 | -78.5% |
| Operating profit (loss) | 9901 | €36,999 | -€21,629 | -€58,628 | |
| Financial income | 75/76B | €1,226 | €87 | -€1,139 | -92.9% |
| Recurring financial income | 75 | €1,226 | €87 | -€1,139 | -92.9% |
| Financial charges | 65/66B | €298 | €1,882 | +€1,584 | +532% |
| Recurring financial charges | 65 | €298 | €1,882 | +€1,584 | +532% |
| Profit (loss) for the period before taxes | 9903 | €37,927 | -€23,424 | -€61,351 | |
| Income taxes | 67/77 | €4,111 | €175 | -€3,936 | -95.7% |
| Profit (loss) for the period | 9904 | €33,816 | -€23,599 | -€57,415 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,816 | -€23,599 | -€57,415 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.