Laaza: 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.
Laaza
Largest movements
- Receivables within one year +€85,340
up €85,340 (+450%), from €18,985 to €104,325
of which Trade receivables: +€101,825
- Stocks and contracts -€56,697
down €56,697 (-52.1%), from €108,881 to €52,184
- Cash -€45,588
down €45,588 (-73.6%), from €61,979 to €16,391
mainly Receivables within one year (-€85,340) and Debts after one year (-€23,474)
- Tangible fixed assets -€10,224
down €10,224 (-7.5%), from €136,775 to €126,551
of which Land and buildings: -€9,007
- Debts after one year -€23,474
down €23,474 (-26.2%), from €89,576 to €66,102
of which Financial debts: -€17,474
- Trade debts -€23,371
down €23,371 (-91.6%), from €25,522 to €2,151
- Profit (loss) carried forward +€16,546
up €16,546 (+17.3%), from €95,617 to €112,163
- Turnover -€336,971
down €336,971 (-44.3%), from €760,990 to €424,019
- Purchases and services -€257,642
down €257,642 (-40.6%), from €634,969 to €377,327
- Gross operating margin -€79,329
down €79,329 (-62.9%), from €126,021 to €46,692
- Taxes -€17,928
down €17,928 (-71.9%), from €24,931 to €7,003
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 | €326,620 | €299,451 | -€27,169 | -8.3% |
| Fixed assets | 21/28 | €136,775 | €126,551 | -€10,224 | -7.5% |
| Tangible fixed assets | 22/27 | €136,775 | €126,551 | -€10,224 | -7.5% |
| Land and buildings | 22 | €128,844 | €119,837 | -€9,007 | -7.0% |
| Plant, machinery and equipment | 23 | €3,323 | €2,358 | -€965 | -29.0% |
| Furniture and vehicles | 24 | €4,608 | €4,356 | -€252 | -5.5% |
| Current assets | 29/58 | €189,845 | €172,900 | -€16,945 | -8.9% |
| Stocks and contracts in progress | 3 | €108,881 | €52,184 | -€56,697 | -52.1% |
| Stocks | 30/36 | €108,881 | €52,184 | -€56,697 | -52.1% |
| Amounts receivable within one year | 40/41 | €18,985 | €104,325 | +€85,340 | +450% |
| Trade receivables | 40 | - | €101,825 | +€101,825 | |
| Other amounts receivable | 41 | €18,985 | €2,500 | -€16,485 | -86.8% |
| Cash at bank and in hand | 54/58 | €61,979 | €16,391 | -€45,588 | -73.6% |
| Total equity and liabilities | 10/49 | €326,620 | €299,451 | -€27,169 | -8.3% |
| Equity | 10/15 | €123,117 | €139,663 | +€16,546 | +13.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,617 | €112,163 | +€16,546 | +17.3% |
| Amounts payable | 17/49 | €203,503 | €159,788 | -€43,715 | -21.5% |
| Amounts payable after more than one year | 17 | €89,576 | €66,102 | -€23,474 | -26.2% |
| Financial debts | 170/4 | €83,576 | €66,102 | -€17,474 | -20.9% |
| Other amounts payable | 178/9 | €6,000 | - | -€6,000 | |
| Amounts payable within one year | 42/48 | €113,927 | €93,686 | -€20,241 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €17,010 | €17,474 | +€464 | +2.7% |
| Trade debts | 44 | €25,522 | €2,151 | -€23,371 | -91.6% |
| Suppliers | 440/4 | €25,522 | €2,151 | -€23,371 | -91.6% |
| Taxes, remuneration and social security | 45 | €1,395 | €4,061 | +€2,666 | +191% |
| Taxes | 450/3 | €1,395 | €4,061 | +€2,666 | +191% |
| Other amounts payable | 47/48 | €70,000 | €70,000 | = | 0.0% |
| Turnover | 70 | €760,990 | €424,019 | -€336,971 | -44.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €634,969 | €377,327 | -€257,642 | -40.6% |
| Remuneration, social security and pensions | 62 | €3,562 | €3,593 | +€31 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,267 | €13,290 | +€23 | +0.2% |
| Other operating charges | 640/8 | €4,202 | €1,994 | -€2,208 | -52.5% |
| Gross operating margin | 9900 | €126,021 | €46,692 | -€79,329 | -62.9% |
| Operating profit (loss) | 9901 | €104,990 | €27,815 | -€77,175 | -73.5% |
| Financial charges | 65/66B | €4,755 | €4,266 | -€489 | -10.3% |
| Recurring financial charges | 65 | €4,755 | €4,266 | -€489 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €100,235 | €23,549 | -€76,686 | -76.5% |
| Income taxes | 67/77 | €24,931 | €7,003 | -€17,928 | -71.9% |
| Profit (loss) for the period | 9904 | €75,304 | €16,546 | -€58,758 | -78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,304 | €16,546 | -€58,758 | -78.0% |
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 28 October 2026 via checked.be.