Laeremans: 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.
Laeremans
Largest movements
- Cash +€31,626
up €31,626 (+18.6%), from €170,055 to €201,681
mainly Contributions, distributions and other (+€42,908) and Depreciation (+€12,657)
- Tangible fixed assets -€12,657
down €12,657 (-4.1%), from €308,401 to €295,744
of which Land and buildings: -€12,657
- Contributions +€42,908
up €42,908 (+230.8%), from €18,592 to €61,500
- Reserves -€21,147
down €21,147 (-4.9%), from €432,321 to €411,174
of which Distributable reserves: -€21,147
- Gross operating margin -€14,325
down €14,325 (-96.2%), from €14,896 to €571
- Depreciation -€4,050
down €4,050 (-24.2%), from €16,707 to €12,657
- Financial income -€3,329
down €3,329 (-61.6%), from €5,402 to €2,074
- Other operating charges +€2,408
up €2,408 (+28.1%), from €8,582 to €10,990
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 | €480,156 | €502,127 | +€21,971 | +4.6% |
| Fixed assets | 21/28 | €308,401 | €295,744 | -€12,657 | -4.1% |
| Tangible fixed assets | 22/27 | €308,401 | €295,744 | -€12,657 | -4.1% |
| Land and buildings | 22 | €308,401 | €295,744 | -€12,657 | -4.1% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Current assets | 29/58 | €171,756 | €206,383 | +€34,627 | +20.2% |
| Stocks and contracts in progress | 3 | €1,701 | €1,701 | = | 0.0% |
| Stocks | 30/36 | €1,701 | €1,701 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €3,002 | +€3,002 | |
| Other amounts receivable | 41 | - | €3,002 | +€3,002 | |
| Cash at bank and in hand | 54/58 | €170,055 | €201,681 | +€31,626 | +18.6% |
| Total equity and liabilities | 10/49 | €480,156 | €502,127 | +€21,971 | +4.6% |
| Equity | 10/15 | €475,913 | €497,674 | +€21,761 | +4.6% |
| Contributions | 10/11 | €18,592 | €61,500 | +€42,908 | +230.8% |
| Contributions outside capital | 11 | - | €61,500 | +€61,500 | |
| Other | 1109/19 | - | €61,500 | +€61,500 | |
| Revaluation surpluses | 12 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €432,321 | €411,174 | -€21,147 | -4.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €430,462 | €409,315 | -€21,147 | -4.9% |
| Amounts payable | 17/49 | €4,243 | €4,453 | +€210 | +4.9% |
| Amounts payable within one year | 42/48 | €4,243 | €4,453 | +€210 | +4.9% |
| Trade debts | 44 | €641 | €2,086 | +€1,446 | +225.7% |
| Suppliers | 440/4 | €641 | €2,086 | +€1,446 | +225.7% |
| Other amounts payable | 47/48 | €3,603 | €2,367 | -€1,236 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,707 | €12,657 | -€4,050 | -24.2% |
| Other operating charges | 640/8 | €8,582 | €10,990 | +€2,408 | +28.1% |
| Non-recurring operating charges | 66A | €76 | - | -€76 | |
| Gross operating margin | 9900 | €14,896 | €571 | -€14,325 | -96.2% |
| Operating profit (loss) | 9901 | -€10,468 | -€23,076 | -€12,608 | -120.4% |
| Financial income | 75/76B | €5,402 | €2,074 | -€3,329 | -61.6% |
| Recurring financial income | 75 | €5,402 | €2,074 | -€3,329 | -61.6% |
| Financial charges | 65/66B | - | €145 | +€145 | |
| Recurring financial charges | 65 | - | €145 | +€145 | |
| Profit (loss) for the period before taxes | 9903 | -€5,066 | -€21,147 | -€16,081 | -317.4% |
| Profit (loss) for the period | 9904 | -€5,066 | -€21,147 | -€16,081 | -317.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,066 | -€21,147 | -€16,081 | -317.4% |
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 9 October 2026 via checked.be.