LAEREMANS: 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.
LAEREMANS
Largest movements
- Receivables within one year +€20,140
up €20,140 (+5.2%), from €383,717 to €403,856
of which Trade receivables: +€59,322
- Tangible fixed assets -€13,787
down €13,787 (-25.5%), from €54,057 to €40,270
of which Furniture and vehicles: -€12,985
- Reserves -€100,513
down €100,513 (-23.3%), from €430,966 to €330,453
of which Distributable reserves: -€100,513
- Other debts +€92,712
up €92,712 (+171.7%), from €54,001 to €146,712
- Tax, wage and social debts +€15,646
up €15,646 (+91.1%), from €17,182 to €32,827
of which Taxes: +€11,646
- Debts after one year -€9,112
down €9,112 (-29.6%), from €30,770 to €21,658
- Gross operating margin -€44,311
down €44,311 (-30.9%), from €143,465 to €99,155
- Taxes -€11,871
down €11,871 (-32.1%), from €36,980 to €25,109
- Depreciation -€2,734
down €2,734 (-15.1%), from €18,051 to €15,317
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 | €548,086 | €552,611 | +€4,525 | +0.8% |
| Fixed assets | 21/28 | €54,307 | €40,520 | -€13,787 | -25.4% |
| Tangible fixed assets | 22/27 | €54,057 | €40,270 | -€13,787 | -25.5% |
| Plant, machinery and equipment | 23 | €1,560 | €759 | -€801 | -51.4% |
| Furniture and vehicles | 24 | €52,497 | €39,511 | -€12,985 | -24.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €493,780 | €512,091 | +€18,311 | +3.7% |
| Amounts receivable within one year | 40/41 | €383,717 | €403,856 | +€20,140 | +5.2% |
| Trade receivables | 40 | €291,908 | €351,230 | +€59,322 | +20.3% |
| Other amounts receivable | 41 | €91,808 | €52,627 | -€39,182 | -42.7% |
| Cash at bank and in hand | 54/58 | €105,660 | €103,559 | -€2,100 | -2.0% |
| Deferred charges and accrued income | 490/1 | €4,404 | €4,675 | +€272 | +6.2% |
| Total equity and liabilities | 10/49 | €548,086 | €552,611 | +€4,525 | +0.8% |
| Equity | 10/15 | €431,966 | €331,453 | -€100,513 | -23.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €430,966 | €330,453 | -€100,513 | -23.3% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €429,966 | €329,453 | -€100,513 | -23.4% |
| Amounts payable | 17/49 | €116,120 | €221,157 | +€105,037 | +90.5% |
| Amounts payable after more than one year | 17 | €30,770 | €21,658 | -€9,112 | -29.6% |
| Financial debts | 170/4 | €30,770 | €21,658 | -€9,112 | -29.6% |
| Amounts payable within one year | 42/48 | €85,350 | €199,499 | +€114,149 | +133.7% |
| Current portion of amounts payable after more than one year | 42 | €8,597 | €9,112 | +€515 | +6.0% |
| Trade debts | 44 | €5,570 | €10,847 | +€5,277 | +94.7% |
| Suppliers | 440/4 | €5,570 | €10,847 | +€5,277 | +94.7% |
| Taxes, remuneration and social security | 45 | €17,182 | €32,827 | +€15,646 | +91.1% |
| Taxes | 450/3 | €17,182 | €28,827 | +€11,646 | +67.8% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €54,001 | €146,712 | +€92,712 | +171.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,051 | €15,317 | -€2,734 | -15.1% |
| Other operating charges | 640/8 | €2,778 | €1,557 | -€1,221 | -44.0% |
| Gross operating margin | 9900 | €143,465 | €99,155 | -€44,311 | -30.9% |
| Operating profit (loss) | 9901 | €122,637 | €82,281 | -€40,356 | -32.9% |
| Financial income | 75/76B | €0 | €10 | +€9 | +1900.0% |
| Recurring financial income | 75 | €0 | €10 | +€9 | +1900.0% |
| Financial charges | 65/66B | €3,290 | €3,260 | -€31 | -0.9% |
| Recurring financial charges | 65 | €3,290 | €3,260 | -€31 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €119,347 | €79,031 | -€40,316 | -33.8% |
| Income taxes | 67/77 | €36,980 | €25,109 | -€11,871 | -32.1% |
| Profit (loss) for the period | 9904 | €82,367 | €53,921 | -€28,446 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €82,367 | €53,921 | -€28,446 | -34.5% |
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 2 October 2026 via checked.be.