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
- Tangible fixed assets +€59,431
up €59,431 (+208%), from €28,535 to €87,966
of which Furniture and vehicles: +€60,845
- Receivables within one year -€37,884
down €37,884 (-57.1%), from €66,298 to €28,414
of which Trade receivables: -€33,614
- Stocks and contracts -€6,613
down €6,613 (-8.3%), from €80,021 to €73,408
of which Stocks: -€9,581
- Deferred charges and accrued income -€2,025
no longer reported in 2025 (was €2,025)
- Debts after one year +€51,569
up €51,569 (+380%), from €13,554 to €65,123
- Other debts -€40,791
down €40,791 (-72.4%), from €56,322 to €15,531
- Trade debts -€14,788
down €14,788 (-37.4%), from €39,544 to €24,756
- Current portion of long-term debt +€13,124
up €13,124 (+258%), from €5,080 to €18,203
- Tax, wage and social debts +€2,502
up €2,502 (+12.4%), from €20,120 to €22,622
of which Remuneration and social security: +€1,971
- Gross operating margin +€29,398
up €29,398 (+90.3%), from €32,573 to €61,971
- Financial income -€20,640
down €20,640 (-100.0%), from €20,647 to €7
- Staff costs +€8,116
up €8,116 (+22.2%), from €36,494 to €44,611
- Depreciation +€2,529
up €2,529 (+25.5%), from €9,910 to €12,440
- Other operating charges -€754
down €754 (-27.9%), from €2,704 to €1,950
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 | €177,588 | €190,164 | +€12,576 | +7.1% |
| Fixed assets | 21/28 | €28,535 | €87,966 | +€59,431 | +208% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €28,535 | €87,966 | +€59,431 | +208% |
| Land and buildings | 22 | €517 | €0 | -€517 | -100% |
| Plant, machinery and equipment | 23 | €1,341 | €445 | -€897 | -66.9% |
| Furniture and vehicles | 24 | €26,677 | €87,521 | +€60,845 | +228% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €149,053 | €102,198 | -€46,855 | -31.4% |
| Stocks and contracts in progress | 3 | €80,021 | €73,408 | -€6,613 | -8.3% |
| Stocks | 30/36 | €50,021 | €40,440 | -€9,581 | -19.2% |
| Contracts in progress | 37 | €30,000 | €32,968 | +€2,968 | +9.9% |
| Amounts receivable within one year | 40/41 | €66,298 | €28,414 | -€37,884 | -57.1% |
| Trade receivables | 40 | €61,662 | €28,049 | -€33,614 | -54.5% |
| Other amounts receivable | 41 | €4,635 | €365 | -€4,270 | -92.1% |
| Cash at bank and in hand | 54/58 | €710 | €376 | -€334 | -47.0% |
| Deferred charges and accrued income | 490/1 | €2,025 | - | -€2,025 | |
| Total equity and liabilities | 10/49 | €177,588 | €190,164 | +€12,576 | +7.1% |
| Equity | 10/15 | €42,968 | €43,928 | +€961 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,368 | €25,328 | +€961 | +3.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €22,508 | €23,468 | +€961 | +4.3% |
| Amounts payable | 17/49 | €134,620 | €146,236 | +€11,616 | +8.6% |
| Amounts payable after more than one year | 17 | €13,554 | €65,123 | +€51,569 | +380% |
| Financial debts | 170/4 | €13,554 | €65,123 | +€51,569 | +380% |
| Amounts payable within one year | 42/48 | €121,066 | €81,113 | -€39,953 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €5,080 | €18,203 | +€13,124 | +258% |
| Trade debts | 44 | €39,544 | €24,756 | -€14,788 | -37.4% |
| Suppliers | 440/4 | €39,544 | €24,756 | -€14,788 | -37.4% |
| Taxes, remuneration and social security | 45 | €20,120 | €22,622 | +€2,502 | +12.4% |
| Taxes | 450/3 | €1,460 | €1,991 | +€531 | +36.4% |
| Remuneration and social security | 454/9 | €18,660 | €20,631 | +€1,971 | +10.6% |
| Other amounts payable | 47/48 | €56,322 | €15,531 | -€40,791 | -72.4% |
| Remuneration, social security and pensions | 62 | €36,494 | €44,611 | +€8,116 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,910 | €12,440 | +€2,529 | +25.5% |
| Other operating charges | 640/8 | €2,704 | €1,950 | -€754 | -27.9% |
| Gross operating margin | 9900 | €32,573 | €61,971 | +€29,398 | +90.3% |
| Operating profit (loss) | 9901 | -€16,535 | €2,971 | +€19,506 | |
| Financial income | 75/76B | €20,647 | €7 | -€20,640 | -100.0% |
| Recurring financial income | 75 | €20,647 | €7 | -€20,640 | -100.0% |
| Financial charges | 65/66B | €1,220 | €1,486 | +€267 | +21.9% |
| Recurring financial charges | 65 | €1,220 | €1,486 | +€267 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €2,892 | €1,492 | -€1,400 | -48.4% |
| Income taxes | 67/77 | €1,024 | €531 | -€493 | -48.1% |
| Profit (loss) for the period | 9904 | €1,868 | €961 | -€907 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,868 | €961 | -€907 | -48.6% |
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 25 October 2026 via checked.be.