IMMO LAURUS: 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.
IMMO LAURUS
Largest movements
- Stocks and contracts -€420,319
down €420,319 (-19.8%), from €2.1m to €1.7m
- Cash -€354,217
down €354,217 (-51.3%), from €689,865 to €335,648
mainly Contributions, distributions and other (-€2.0m) and Debts after one year (-€482,261)
- Tangible fixed assets +€184,977
up €184,977 (+3.8%), from €4.8m to €5.0m
- Receivables within one year -€100,163
down €100,163 (-63.4%), from €158,064 to €57,901
of which Trade receivables: -€125,000
- Reserves -€1.8m
down €1.8m (-72.7%), from €2.5m to €688,997
- Other debts +€1.4m
up €1.4m (+166.0%), from €860,190 to €2.3m
- Debts after one year -€482,261
down €482,261 (-15.7%), from €3.1m to €2.6m
- Tax, wage and social debts +€115,532
up €115,532 (+4969.1%), from €2,325 to €117,857
- Current portion of long-term debt +€85,659
up €85,659 (+15.3%), from €561,462 to €647,121
- Gross operating margin -€112,265
down €112,265 (-17.3%), from €648,002 to €535,737
- Taxes -€47,039
down €47,039 (-39.3%), from €119,569 to €72,530
- Other operating charges +€19,992
up €19,992 (+287.1%), from €6,963 to €26,954
- Depreciation +€14,562
up €14,562 (+8.6%), from €169,969 to €184,530
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 | €7,800,728 | €7,111,006 | -€689,722 | -8.8% |
| Fixed assets | 21/28 | €4,832,478 | €5,017,455 | +€184,977 | +3.8% |
| Tangible fixed assets | 22/27 | €4,832,478 | €5,017,455 | +€184,977 | +3.8% |
| Other tangible fixed assets | 26 | €4,832,478 | €5,017,455 | +€184,977 | +3.8% |
| Current assets | 29/58 | €2,968,250 | €2,093,552 | -€874,699 | -29.5% |
| Stocks and contracts in progress | 3 | €2,120,322 | €1,700,003 | -€420,319 | -19.8% |
| Contracts in progress | 37 | €2,120,322 | €1,700,003 | -€420,319 | -19.8% |
| Amounts receivable within one year | 40/41 | €158,064 | €57,901 | -€100,163 | -63.4% |
| Trade receivables | 40 | €125,000 | - | -€125,000 | |
| Other amounts receivable | 41 | €33,064 | €57,901 | +€24,837 | +75.1% |
| Cash at bank and in hand | 54/58 | €689,865 | €335,648 | -€354,217 | -51.3% |
| Total equity and liabilities | 10/49 | €7,800,728 | €7,111,006 | -€689,722 | -8.8% |
| Equity | 10/15 | €3,299,926 | €1,460,975 | -€1.8m | -55.7% |
| Contributions | 10/11 | €137,500 | €137,500 | = | 0.0% |
| Reserves | 13 | €2,527,948 | €688,997 | -€1.8m | -72.7% |
| Distributable reserves | 133 | €2,527,948 | €688,997 | -€1.8m | -72.7% |
| Profit (loss) carried forward | 14 | €634,477 | €634,477 | = | 0.0% |
| Amounts payable | 17/49 | €4,500,802 | €5,650,032 | +€1.1m | +25.5% |
| Amounts payable after more than one year | 17 | €3,071,479 | €2,589,217 | -€482,261 | -15.7% |
| Financial debts | 170/4 | €3,071,479 | €2,589,217 | -€482,261 | -15.7% |
| Amounts payable within one year | 42/48 | €1,429,324 | €3,060,814 | +€1.6m | +114.1% |
| Current portion of amounts payable after more than one year | 42 | €561,462 | €647,121 | +€85,659 | +15.3% |
| Trade debts | 44 | €5,346 | €7,781 | +€2,435 | +45.5% |
| Suppliers | 440/4 | €5,346 | €7,781 | +€2,435 | +45.5% |
| Taxes, remuneration and social security | 45 | €2,325 | €117,857 | +€115,532 | +4969.1% |
| Taxes | 450/3 | €2,325 | €117,857 | +€115,532 | +4969.1% |
| Other amounts payable | 47/48 | €860,190 | €2,288,055 | +€1.4m | +166.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,969 | €184,530 | +€14,562 | +8.6% |
| Other operating charges | 640/8 | €6,963 | €26,954 | +€19,992 | +287.1% |
| Gross operating margin | 9900 | €648,002 | €535,737 | -€112,265 | -17.3% |
| Operating profit (loss) | 9901 | €471,071 | €324,253 | -€146,818 | -31.2% |
| Financial income | 75/76B | - | €225 | +€225 | |
| Recurring financial income | 75 | - | €225 | +€225 | |
| Financial charges | 65/66B | €80,997 | €82,246 | +€1,249 | +1.5% |
| Recurring financial charges | 65 | €80,997 | €82,246 | +€1,249 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €390,074 | €242,232 | -€147,842 | -37.9% |
| Income taxes | 67/77 | €119,569 | €72,530 | -€47,039 | -39.3% |
| Profit (loss) for the period | 9904 | €270,505 | €169,702 | -€100,803 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €270,505 | €169,702 | -€100,803 | -37.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.