LAEMEN: 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.
LAEMEN
Largest movements
- Cash +€16,113
up €16,113 (+210%), from €7,679 to €23,792
mainly Net result for the year (+€16,412) and Depreciation (+€11,833)
- Current investments +€15,000
up €15,000 (+37.5%), from €40,000 to €55,000
- Tangible fixed assets -€11,833
down €11,833 (-5.5%), from €216,224 to €204,391
- Profit (loss) carried forward +€16,412
up €16,412 (+66.1%), from -€24,823 to -€8,411
- Gross operating margin +€16,687
up €16,687 (+133%), from €12,548 to €29,236
- Financial income -€377
down €377 (-30.4%), from €1,239 to €862
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 | €267,657 | €285,558 | +€17,901 | +6.7% |
| Fixed assets | 21/28 | €216,224 | €204,391 | -€11,833 | -5.5% |
| Tangible fixed assets | 22/27 | €216,224 | €204,391 | -€11,833 | -5.5% |
| Land and buildings | 22 | €216,224 | €204,391 | -€11,833 | -5.5% |
| Current assets | 29/58 | €51,433 | €81,167 | +€29,734 | +57.8% |
| Amounts receivable within one year | 40/41 | €3,547 | €2,205 | -€1,341 | -37.8% |
| Trade receivables | 40 | €3,175 | €1,575 | -€1,600 | -50.4% |
| Other amounts receivable | 41 | €372 | €630 | +€259 | +69.6% |
| Current investments | 50/53 | €40,000 | €55,000 | +€15,000 | +37.5% |
| Cash at bank and in hand | 54/58 | €7,679 | €23,792 | +€16,113 | +210% |
| Deferred charges and accrued income | 490/1 | €207 | €169 | -€38 | -18.1% |
| Total equity and liabilities | 10/49 | €267,657 | €285,558 | +€17,901 | +6.7% |
| Equity | 10/15 | €267,595 | €284,007 | +€16,412 | +6.1% |
| Contributions | 10/11 | €292,400 | €292,400 | = | 0.0% |
| Reserves | 13 | €18 | €18 | = | 0.0% |
| Distributable reserves | 133 | €18 | €18 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,823 | -€8,411 | +€16,412 | +66.1% |
| Amounts payable | 17/49 | €62 | €1,551 | +€1,489 | +2,397% |
| Amounts payable within one year | 42/48 | €62 | €51 | -€11 | -18.1% |
| Taxes, remuneration and social security | 45 | €62 | €51 | -€11 | -18.1% |
| Taxes | 450/3 | €62 | €51 | -€11 | -18.1% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,649 | €11,833 | +€184 | +1.6% |
| Other operating charges | 640/8 | €1,775 | €1,829 | +€54 | +3.1% |
| Gross operating margin | 9900 | €12,548 | €29,236 | +€16,687 | +133% |
| Operating profit (loss) | 9901 | -€875 | €15,574 | +€16,449 | |
| Financial income | 75/76B | €1,239 | €862 | -€377 | -30.4% |
| Recurring financial income | 75 | €1,239 | €862 | -€377 | -30.4% |
| Financial charges | 65/66B | €24 | €24 | = | 0.0% |
| Recurring financial charges | 65 | €24 | €24 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €340 | €16,412 | +€16,073 | +4,731% |
| Profit (loss) for the period | 9904 | €340 | €16,412 | +€16,073 | +4,731% |
| Profit (loss) for the period to be appropriated | 9905 | €340 | €16,412 | +€16,073 | +4,731% |
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 19 October 2026 via checked.be.