Laenen Construct: 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.
Laenen Construct
Largest movements
- Receivables within one year +€62,748
up €62,748 (+294%), from €21,355 to €84,103
of which Trade receivables: +€54,933
- Cash +€25,645
up €25,645 (+122%), from €20,963 to €46,609
mainly Net result for the year (+€55,193) and Tax, wage and social debts (+€23,015)
- Tangible fixed assets +€4,995
up €4,995 (+60.1%), from €8,312 to €13,307
of which Furniture and vehicles: +€2,885
- Deferred charges and accrued income +€1,978
new in 2025: €1,978
- Reserves +€55,193
up €55,193 (+421%), from €13,118 to €68,311
- Tax, wage and social debts +€23,015
up €23,015 (+340%), from €6,775 to €29,789
of which Taxes: +€21,266
- Trade debts +€15,703
up €15,703 (+92.8%), from €16,916 to €32,619
- Gross operating margin +€60,905
up €60,905 (+271%), from €22,468 to €83,373
- Taxes +€14,492
up €14,492 (+214%), from €6,775 to €21,266
- Depreciation +€1,877
up €1,877 (+84.0%), from €2,235 to €4,112
- Staff costs +€1,431
new in 2025: €1,431
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 | €50,631 | €145,998 | +€95,367 | +188% |
| Fixed assets | 21/28 | €8,312 | €13,307 | +€4,995 | +60.1% |
| Tangible fixed assets | 22/27 | €8,312 | €13,307 | +€4,995 | +60.1% |
| Plant, machinery and equipment | 23 | - | €2,111 | +€2,111 | |
| Furniture and vehicles | 24 | €8,312 | €11,197 | +€2,885 | +34.7% |
| Current assets | 29/58 | €42,319 | €132,690 | +€90,372 | +214% |
| Amounts receivable within one year | 40/41 | €21,355 | €84,103 | +€62,748 | +294% |
| Trade receivables | 40 | €16,415 | €71,348 | +€54,933 | +335% |
| Other amounts receivable | 41 | €4,940 | €12,756 | +€7,815 | +158% |
| Cash at bank and in hand | 54/58 | €20,963 | €46,609 | +€25,645 | +122% |
| Deferred charges and accrued income | 490/1 | - | €1,978 | +€1,978 | |
| Total equity and liabilities | 10/49 | €50,631 | €145,998 | +€95,367 | +188% |
| Equity | 10/15 | €18,118 | €73,311 | +€55,193 | +305% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,118 | €68,311 | +€55,193 | +421% |
| Distributable reserves | 133 | €13,118 | €68,311 | +€55,193 | +421% |
| Amounts payable | 17/49 | €32,512 | €72,687 | +€40,175 | +124% |
| Amounts payable within one year | 42/48 | €32,512 | €72,687 | +€40,175 | +124% |
| Trade debts | 44 | €16,916 | €32,619 | +€15,703 | +92.8% |
| Suppliers | 440/4 | €16,916 | €32,619 | +€15,703 | +92.8% |
| Taxes, remuneration and social security | 45 | €6,775 | €29,789 | +€23,015 | +340% |
| Taxes | 450/3 | €6,775 | €28,041 | +€21,266 | +314% |
| Remuneration and social security | 454/9 | - | €1,749 | +€1,749 | |
| Other amounts payable | 47/48 | €8,822 | €10,278 | +€1,456 | +16.5% |
| Remuneration, social security and pensions | 62 | - | €1,431 | +€1,431 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,235 | €4,112 | +€1,877 | +84.0% |
| Other operating charges | 640/8 | €341 | €785 | +€443 | +130% |
| Gross operating margin | 9900 | €22,468 | €83,373 | +€60,905 | +271% |
| Operating profit (loss) | 9901 | €19,893 | €77,045 | +€57,153 | +287% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €14 | €586 | +€572 | +4,087% |
| Recurring financial charges | 65 | €14 | €586 | +€572 | +4,087% |
| Profit (loss) for the period before taxes | 9903 | €19,893 | €76,459 | +€56,566 | +284% |
| Income taxes | 67/77 | €6,775 | €21,266 | +€14,492 | +214% |
| Profit (loss) for the period | 9904 | €13,118 | €55,193 | +€42,074 | +321% |
| Profit (loss) for the period to be appropriated | 9905 | €13,118 | €55,193 | +€42,074 | +321% |
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 16 October 2026 via checked.be.