HEBBRECHT - LAUREYNS: 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.
HEBBRECHT - LAUREYNS
Largest movements
- Tangible fixed assets +€41,897
up €41,897 (+10.6%), from €395,674 to €437,571
of which Land and buildings: +€41,897
- Cash -€28,635
down €28,635 (-4.4%), from €652,766 to €624,132
mainly Investment in fixed assets (net) (-€58,643) and Accrued charges and deferred income (-€25,474)
- Reserves +€49,500
up €49,500 (+3.1%), from €1.6m to €1.6m
of which Distributable reserves: +€53,434
- Accrued charges and deferred income -€25,474
down €25,474 (-48.5%), from €52,569 to €27,095
- Financial income +€49,633
up €49,633 (+1,318%), from €3,765 to €53,398
- Taxes +€20,998
up €20,998 (+732%), from €2,870 to €23,868
- Gross operating margin +€19,846
up €19,846 (+60.4%), from €32,846 to €52,692
- Other operating charges +€1,990
up €1,990 (+28.5%), from €6,971 to €8,961
- Financial charges -€1,924
down €1,924 (-13.2%), from €14,570 to €12,646
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 | €2,094,117 | €2,107,110 | +€12,994 | +0.6% |
| Fixed assets | 21/28 | €395,674 | €437,571 | +€41,897 | +10.6% |
| Tangible fixed assets | 22/27 | €395,674 | €437,571 | +€41,897 | +10.6% |
| Land and buildings | 22 | €395,674 | €437,571 | +€41,897 | +10.6% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €1,698,443 | €1,669,539 | -€28,904 | -1.7% |
| Amounts receivable within one year | 40/41 | €910 | €5,218 | +€4,308 | +473% |
| Trade receivables | 40 | €280 | €0 | -€280 | -100% |
| Other amounts receivable | 41 | €630 | €5,218 | +€4,588 | +728% |
| Current investments | 50/53 | €1,041,912 | €1,038,007 | -€3,904 | -0.4% |
| Cash at bank and in hand | 54/58 | €652,766 | €624,132 | -€28,635 | -4.4% |
| Deferred charges and accrued income | 490/1 | €2,855 | €2,182 | -€673 | -23.6% |
| Total equity and liabilities | 10/49 | €2,094,117 | €2,107,110 | +€12,994 | +0.6% |
| Equity | 10/15 | €1,613,504 | €1,663,004 | +€49,500 | +3.1% |
| Contributions | 10/11 | €31,125 | €31,125 | = | 0.0% |
| Reserves | 13 | €1,582,379 | €1,631,879 | +€49,500 | +3.1% |
| Tax-exempt reserves | 132 | €64,890 | €60,956 | -€3,934 | -6.1% |
| Distributable reserves | 133 | €1,517,489 | €1,570,923 | +€53,434 | +3.5% |
| Provisions and deferred taxes | 16 | €43,230 | €37,599 | -€5,631 | -13.0% |
| Provisions for liabilities and charges | 160/5 | €21,600 | €17,280 | -€4,320 | -20.0% |
| Other liabilities and charges | 164/5 | €21,600 | €17,280 | -€4,320 | -20.0% |
| Deferred taxes | 168 | €21,630 | €20,319 | -€1,311 | -6.1% |
| Amounts payable | 17/49 | €437,383 | €406,508 | -€30,876 | -7.1% |
| Amounts payable within one year | 42/48 | €384,814 | €379,412 | -€5,401 | -1.4% |
| Trade debts | 44 | €903 | €332 | -€571 | -63.2% |
| Suppliers | 440/4 | €903 | €332 | -€571 | -63.2% |
| Taxes, remuneration and social security | 45 | €2,006 | €9,341 | +€7,335 | +366% |
| Taxes | 450/3 | €2,006 | €9,341 | +€7,335 | +366% |
| Other amounts payable | 47/48 | €381,905 | €369,739 | -€12,166 | -3.2% |
| Accrued charges and deferred income | 492/3 | €52,569 | €27,095 | -€25,474 | -48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,624 | €16,746 | +€1,122 | +7.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,320 | -€4,320 | = | 0.0% |
| Other operating charges | 640/8 | €6,971 | €8,961 | +€1,990 | +28.5% |
| Gross operating margin | 9900 | €32,846 | €52,692 | +€19,846 | +60.4% |
| Operating profit (loss) | 9901 | €14,571 | €31,305 | +€16,735 | +115% |
| Financial income | 75/76B | €3,765 | €53,398 | +€49,633 | +1,318% |
| Recurring financial income | 75 | €3,765 | €53,398 | +€49,633 | +1,318% |
| Financial charges | 65/66B | €14,570 | €12,646 | -€1,924 | -13.2% |
| Recurring financial charges | 65 | €14,570 | €12,646 | -€1,924 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €3,765 | €72,057 | +€68,292 | +1,814% |
| Transfer from deferred taxes | 780 | €1,311 | €1,311 | = | 0.0% |
| Income taxes | 67/77 | €2,870 | €23,868 | +€20,998 | +732% |
| Profit (loss) for the period | 9904 | €2,206 | €49,500 | +€47,294 | +2,144% |
| Transfer from tax-exempt reserves | 789 | €3,934 | €3,934 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,140 | €53,434 | +€47,294 | +770% |
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 29 October 2026 via checked.be.