LAELA: 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.
LAELA
Largest movements
- Cash -€54,138
down €54,138 (-92.9%), from €58,251 to €4,112
mainly Contributions, distributions and other (-€156,676) and Tax, wage and social debts (-€26,089)
- Reserves -€57,940
down €57,940 (-100%), from €57,940 to €0
- Other debts +€30,898
up €30,898 (+29.6%), from €104,475 to €135,373
- Tax, wage and social debts -€26,089
down €26,089 (-93.9%), from €27,784 to €1,696
of which Taxes: -€26,132
- Gross operating margin +€54,319
up €54,319 (+67.3%), from €80,701 to €135,020
- Taxes +€13,788
up €13,788 (+64.5%), from €21,388 to €35,176
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 | €211,231 | €156,675 | -€54,556 | -25.8% |
| Fixed assets | 21/28 | €152,981 | €152,563 | -€418 | -0.3% |
| Tangible fixed assets | 22/27 | €835 | €417 | -€418 | -50.0% |
| Plant, machinery and equipment | 23 | €835 | €417 | -€418 | -50.0% |
| Financial fixed assets | 28 | €152,146 | €152,146 | = | 0.0% |
| Current assets | 29/58 | €58,251 | €4,112 | -€54,138 | -92.9% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €58,251 | €4,112 | -€54,138 | -92.9% |
| Total equity and liabilities | 10/49 | €211,231 | €156,675 | -€54,556 | -25.8% |
| Equity | 10/15 | €76,490 | €18,550 | -€57,940 | -75.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €57,940 | €0 | -€57,940 | -100% |
| Distributable reserves | 133 | €57,940 | €0 | -€57,940 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €134,741 | €138,125 | +€3,384 | +2.5% |
| Amounts payable within one year | 42/48 | €134,741 | €138,125 | +€3,384 | +2.5% |
| Trade debts | 44 | €2,482 | €1,057 | -€1,425 | -57.4% |
| Suppliers | 440/4 | €2,482 | €1,057 | -€1,425 | -57.4% |
| Taxes, remuneration and social security | 45 | €27,784 | €1,696 | -€26,089 | -93.9% |
| Taxes | 450/3 | €27,784 | €1,652 | -€26,132 | -94.1% |
| Remuneration and social security | 454/9 | - | €43 | +€43 | |
| Other amounts payable | 47/48 | €104,475 | €135,373 | +€30,898 | +29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €718 | €418 | -€300 | -41.8% |
| Other operating charges | 640/8 | €1,139 | €1,289 | +€150 | +13.2% |
| Gross operating margin | 9900 | €80,701 | €135,020 | +€54,319 | +67.3% |
| Operating profit (loss) | 9901 | €78,844 | €133,313 | +€54,469 | +69.1% |
| Financial income | 75/76B | €484 | €598 | +€114 | +23.5% |
| Recurring financial income | 75 | €484 | €598 | +€114 | +23.5% |
| Financial charges | 65/66B | €0 | €0 | -€0 | -100% |
| Recurring financial charges | 65 | €0 | €0 | -€0 | -100% |
| Profit (loss) for the period before taxes | 9903 | €79,328 | €133,911 | +€54,583 | +68.8% |
| Income taxes | 67/77 | €21,388 | €35,176 | +€13,788 | +64.5% |
| Profit (loss) for the period | 9904 | €57,940 | €98,735 | +€40,795 | +70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,940 | €98,735 | +€40,795 | +70.4% |
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 24 October 2026 via checked.be.