INSTITUT LAURENCE: 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.
INSTITUT LAURENCE
Largest movements
- Cash +€10,264
up €10,264 (+306%), from €3,355 to €13,619
mainly Depreciation (+€37,947) and Net result for the year (+€35,327)
- Tangible fixed assets +€10,053
up €10,053 (+7.7%), from €130,537 to €140,590
of which Plant, machinery and equipment: +€29,333
- Deferred charges and accrued income +€2,180
up €2,180 (+991%), from €220 to €2,400
- Reserves +€35,000
new in 2024: €35,000
- Other debts -€15,878
down €15,878 (-13.3%), from €119,730 to €103,852
- Tax, wage and social debts +€12,997
up €12,997 (+166%), from €7,842 to €20,839
of which Taxes: +€6,653
- Trade debts -€9,068
down €9,068 (-98.7%), from €9,192 to €124
- Gross operating margin +€117,573
up €117,573 (+986%), from €11,920 to €129,493
- Staff costs +€46,583
new in 2024: €46,583
- Depreciation +€35,434
up €35,434 (+1,410%), from €2,513 to €37,947
- Taxes +€5,853
up €5,853 (+249%), from €2,352 to €8,205
- Financial charges +€2,063
new in 2024: €2,063
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.
Derived cash bridge
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 | €146,819 | €170,197 | +€23,378 | +15.9% |
| Fixed assets | 21/28 | €130,537 | €140,590 | +€10,053 | +7.7% |
| Tangible fixed assets | 22/27 | €130,537 | €140,590 | +€10,053 | +7.7% |
| Plant, machinery and equipment | 23 | €30,400 | €59,733 | +€29,333 | +96.5% |
| Furniture and vehicles | 24 | - | €747 | +€747 | |
| Other tangible fixed assets | 26 | €100,137 | €80,110 | -€20,027 | -20.0% |
| Current assets | 29/58 | €16,282 | €29,607 | +€13,325 | +81.8% |
| Stocks and contracts in progress | 3 | €12,707 | €12,688 | -€19 | -0.1% |
| Stocks | 30/36 | €12,707 | €12,688 | -€19 | -0.1% |
| Amounts receivable within one year | 40/41 | - | €900 | +€900 | |
| Trade receivables | 40 | - | €900 | +€900 | |
| Cash at bank and in hand | 54/58 | €3,355 | €13,619 | +€10,264 | +306% |
| Deferred charges and accrued income | 490/1 | €220 | €2,400 | +€2,180 | +991% |
| Total equity and liabilities | 10/49 | €146,819 | €170,197 | +€23,378 | +15.9% |
| Equity | 10/15 | €10,055 | €45,382 | +€35,327 | +351% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €35,000 | +€35,000 | |
| Distributable reserves | 133 | - | €35,000 | +€35,000 | |
| Profit (loss) carried forward | 14 | €7,055 | €7,382 | +€327 | +4.6% |
| Amounts payable | 17/49 | €136,764 | €124,815 | -€11,949 | -8.7% |
| Amounts payable within one year | 42/48 | €136,764 | €124,815 | -€11,949 | -8.7% |
| Trade debts | 44 | €9,192 | €124 | -€9,068 | -98.7% |
| Suppliers | 440/4 | €9,192 | €124 | -€9,068 | -98.7% |
| Taxes, remuneration and social security | 45 | €7,842 | €20,839 | +€12,997 | +166% |
| Taxes | 450/3 | €7,842 | €14,495 | +€6,653 | +84.8% |
| Remuneration and social security | 454/9 | - | €6,344 | +€6,344 | |
| Other amounts payable | 47/48 | €119,730 | €103,852 | -€15,878 | -13.3% |
| Remuneration, social security and pensions | 62 | - | €46,583 | +€46,583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,513 | €37,947 | +€35,434 | +1,410% |
| Gross operating margin | 9900 | €11,920 | €129,493 | +€117,573 | +986% |
| Operating profit (loss) | 9901 | €9,407 | €44,963 | +€35,556 | +378% |
| Financial income | 75/76B | - | €632 | +€632 | |
| Recurring financial income | 75 | - | €632 | +€632 | |
| Financial charges | 65/66B | - | €2,063 | +€2,063 | |
| Recurring financial charges | 65 | - | €2,063 | +€2,063 | |
| Profit (loss) for the period before taxes | 9903 | €9,407 | €43,532 | +€34,125 | +363% |
| Income taxes | 67/77 | €2,352 | €8,205 | +€5,853 | +249% |
| Profit (loss) for the period | 9904 | €7,055 | €35,327 | +€28,272 | +401% |
| Profit (loss) for the period to be appropriated | 9905 | €7,055 | €35,327 | +€28,272 | +401% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.