LAENENS: 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.
LAENENS
Largest movements
- Cash -€14,747
down €14,747 (-17.0%), from €86,758 to €72,011
mainly Contributions, distributions and other (-€50,000) and Receivables within one year (-€12,019)
- Receivables within one year +€12,019
up €12,019 (+192%), from €6,267 to €18,286
of which Trade receivables: +€14,087
- Tangible fixed assets -€2,031
down €2,031 (-11.3%), from €17,987 to €15,956
- Reserves -€50,000
down €50,000 (-60.2%), from €83,031 to €33,031
- Other debts +€42,093
up €42,093 (+339%), from €12,424 to €54,517
- Tax, wage and social debts +€5,434
up €5,434 (+2,143%), from €254 to €5,687
- Trade debts -€1,703
no longer reported in 2025 (was €1,703)
- Gross operating margin +€4,730
up €4,730, from -€1,282 to €3,448
- Taxes -€554
down €554 (-33.7%), from €1,645 to €1,091
- Depreciation +€181
up €181 (+9.8%), from €1,849 to €2,031
- Other operating charges -€146
down €146 (-15.0%), from €971 to €825
- Financial charges -€94
down €94 (-50.4%), from €187 to €93
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 | €116,012 | €111,254 | -€4,758 | -4.1% |
| Fixed assets | 21/28 | €22,987 | €20,956 | -€2,031 | -8.8% |
| Tangible fixed assets | 22/27 | €17,987 | €15,956 | -€2,031 | -11.3% |
| Land and buildings | 22 | €17,987 | €15,956 | -€2,031 | -11.3% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €93,025 | €90,298 | -€2,727 | -2.9% |
| Amounts receivable within one year | 40/41 | €6,267 | €18,286 | +€12,019 | +192% |
| Trade receivables | 40 | - | €14,087 | +€14,087 | |
| Other amounts receivable | 41 | €6,267 | €4,199 | -€2,068 | -33.0% |
| Cash at bank and in hand | 54/58 | €86,758 | €72,011 | -€14,747 | -17.0% |
| Total equity and liabilities | 10/49 | €116,012 | €111,254 | -€4,758 | -4.1% |
| Equity | 10/15 | €101,631 | €51,049 | -€50,582 | -49.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,031 | €33,031 | -€50,000 | -60.2% |
| Distributable reserves | 133 | €83,031 | €33,031 | -€50,000 | -60.2% |
| Profit (loss) carried forward | 14 | - | -€582 | -€582 | |
| Amounts payable | 17/49 | €14,381 | €60,205 | +€45,824 | +319% |
| Amounts payable within one year | 42/48 | €14,381 | €60,205 | +€45,824 | +319% |
| Trade debts | 44 | €1,703 | - | -€1,703 | |
| Suppliers | 440/4 | €1,703 | - | -€1,703 | |
| Taxes, remuneration and social security | 45 | €254 | €5,687 | +€5,434 | +2,143% |
| Taxes | 450/3 | €254 | €5,687 | +€5,434 | +2,143% |
| Other amounts payable | 47/48 | €12,424 | €54,517 | +€42,093 | +339% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,849 | €2,031 | +€181 | +9.8% |
| Other operating charges | 640/8 | €971 | €825 | -€146 | -15.0% |
| Gross operating margin | 9900 | -€1,282 | €3,448 | +€4,730 | |
| Operating profit (loss) | 9901 | -€4,102 | €592 | +€4,694 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €187 | €93 | -€94 | -50.4% |
| Recurring financial charges | 65 | €187 | €93 | -€94 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,289 | €509 | +€4,799 | |
| Income taxes | 67/77 | €1,645 | €1,091 | -€554 | -33.7% |
| Profit (loss) for the period | 9904 | -€5,935 | -€582 | +€5,353 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,935 | -€582 | +€5,353 | +90.2% |
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 22 October 2026 via checked.be.