LAEMA: 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.
LAEMA
Largest movements
- Cash +€29,266
up €29,266 (+118.7%), from €24,653 to €53,919
mainly Net result for the year (+€35,195) and Other debts (+€4,051)
- Deferred charges and accrued income +€11,854
new in 2025: €11,854
- Receivables within one year +€2,000
new in 2025: €2,000
- Reserves +€45,000
new in 2025: €45,000
- Profit (loss) carried forward -€9,805
down €9,805 (-84.5%), from €11,597 to €1,792
- Other debts +€4,051
up €4,051 (+2299.3%), from €176 to €4,227
- Tax, wage and social debts +€3,025
up €3,025 (+31.9%), from €9,475 to €12,500
of which Taxes: +€8,016
- Trade debts +€849
up €849 (+209.7%), from €405 to €1,254
- Gross operating margin +€32,652
up €32,652 (+202.7%), from €16,107 to €48,760
- Taxes +€8,016
up €8,016 (+178.8%), from €4,484 to €12,500
- Financial charges +€872
up €872 (+3354.7%), from €26 to €898
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 | €24,653 | €67,774 | +€43,120 | +174.9% |
| Current assets | 29/58 | €24,653 | €67,774 | +€43,120 | +174.9% |
| Amounts receivable within one year | 40/41 | - | €2,000 | +€2,000 | |
| Trade receivables | 40 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €24,653 | €53,919 | +€29,266 | +118.7% |
| Deferred charges and accrued income | 490/1 | - | €11,854 | +€11,854 | |
| Total equity and liabilities | 10/49 | €24,653 | €67,774 | +€43,120 | +174.9% |
| Equity | 10/15 | €14,597 | €49,792 | +€35,195 | +241.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €45,000 | +€45,000 | |
| Distributable reserves | 133 | - | €45,000 | +€45,000 | |
| Profit (loss) carried forward | 14 | €11,597 | €1,792 | -€9,805 | -84.5% |
| Amounts payable | 17/49 | €10,056 | €17,981 | +€7,925 | +78.8% |
| Amounts payable within one year | 42/48 | €10,056 | €17,981 | +€7,925 | +78.8% |
| Trade debts | 44 | €405 | €1,254 | +€849 | +209.7% |
| Suppliers | 440/4 | €405 | €1,254 | +€849 | +209.7% |
| Taxes, remuneration and social security | 45 | €9,475 | €12,500 | +€3,025 | +31.9% |
| Taxes | 450/3 | €4,484 | €12,500 | +€8,016 | +178.8% |
| Remuneration and social security | 454/9 | €4,991 | - | -€4,991 | |
| Other amounts payable | 47/48 | €176 | €4,227 | +€4,051 | +2299.3% |
| Other operating charges | 640/8 | - | €167 | +€167 | |
| Gross operating margin | 9900 | €16,107 | €48,760 | +€32,652 | +202.7% |
| Operating profit (loss) | 9901 | €16,107 | €48,593 | +€32,486 | +201.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €26 | €898 | +€872 | +3354.7% |
| Recurring financial charges | 65 | €26 | €898 | +€872 | +3354.7% |
| Profit (loss) for the period before taxes | 9903 | €16,081 | €47,695 | +€31,613 | +196.6% |
| Income taxes | 67/77 | €4,484 | €12,500 | +€8,016 | +178.8% |
| Profit (loss) for the period | 9904 | €11,597 | €35,195 | +€23,598 | +203.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,597 | €35,195 | +€23,598 | +203.5% |
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 29 September 2026 via checked.be.