LAEREMANS SAM: 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 SAM
Largest movements
- Receivables within one year -€96,312
down €96,312 (-68.7%), from €140,170 to €43,858
of which Other amounts receivable: -€84,212
- Tangible fixed assets -€36,729
down €36,729 (-3.8%), from €964,213 to €927,484
of which Land and buildings: -€36,897
- Cash +€16,238
up €16,238 (+61.8%), from €26,282 to €42,520
mainly Receivables within one year (+€96,312) and Depreciation (+€45,515)
- Debts after one year -€152,366
down €152,366 (-12.9%), from €1.2m to €1.0m
of which Other amounts payable: -€76,296
- Profit (loss) carried forward +€29,527
no longer reported in 2025 (was -€29,527)
- Other operating charges -€65,915
down €65,915 (-94.5%), from €69,749 to €3,834
- Gross operating margin +€26,200
up €26,200 (+28.6%), from €91,535 to €117,735
- Depreciation +€15,451
up €15,451 (+51.4%), from €30,064 to €45,515
- Financial charges +€11,426
up €11,426 (+75.7%), from €15,092 to €26,518
- Taxes -€3,465
down €3,465 (-56.3%), from €6,156 to €2,692
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 | €1,610,773 | €1,493,969 | -€116,804 | -7.3% |
| Fixed assets | 21/28 | €1,363,070 | €1,326,341 | -€36,729 | -2.7% |
| Tangible fixed assets | 22/27 | €964,213 | €927,484 | -€36,729 | -3.8% |
| Land and buildings | 22 | €914,096 | €877,198 | -€36,897 | -4.0% |
| Furniture and vehicles | 24 | €50,118 | €50,285 | +€168 | +0.3% |
| Financial fixed assets | 28 | €398,857 | €398,857 | = | 0.0% |
| Current assets | 29/58 | €247,702 | €167,628 | -€80,075 | -32.3% |
| Stocks and contracts in progress | 3 | €81,250 | €81,250 | = | 0.0% |
| Stocks | 30/36 | €81,250 | €81,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €140,170 | €43,858 | -€96,312 | -68.7% |
| Trade receivables | 40 | €36,300 | €24,200 | -€12,100 | -33.3% |
| Other amounts receivable | 41 | €103,870 | €19,658 | -€84,212 | -81.1% |
| Cash at bank and in hand | 54/58 | €26,282 | €42,520 | +€16,238 | +61.8% |
| Total equity and liabilities | 10/49 | €1,610,773 | €1,493,969 | -€116,804 | -7.3% |
| Equity | 10/15 | €347,498 | €378,786 | +€31,288 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €358,425 | €360,186 | +€1,761 | +0.5% |
| Distributable reserves | 133 | €358,425 | €360,186 | +€1,761 | +0.5% |
| Profit (loss) carried forward | 14 | -€29,527 | - | +€29,527 | |
| Amounts payable | 17/49 | €1,263,275 | €1,115,183 | -€148,092 | -11.7% |
| Amounts payable after more than one year | 17 | €1,184,426 | €1,032,060 | -€152,366 | -12.9% |
| Financial debts | 170/4 | €781,974 | €705,904 | -€76,070 | -9.7% |
| Other amounts payable | 178/9 | €402,452 | €326,156 | -€76,296 | -19.0% |
| Amounts payable within one year | 42/48 | €78,471 | €82,778 | +€4,308 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €76,040 | €78,385 | +€2,344 | +3.1% |
| Trade debts | 44 | €153 | €1,346 | +€1,192 | +777% |
| Suppliers | 440/4 | €153 | €1,346 | +€1,192 | +777% |
| Taxes, remuneration and social security | 45 | €2,277 | €3,048 | +€771 | +33.9% |
| Taxes | 450/3 | €2,277 | €3,048 | +€771 | +33.9% |
| Accrued charges and deferred income | 492/3 | €378 | €345 | -€33 | -8.8% |
| Remuneration, social security and pensions | 62 | - | €426 | +€426 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,064 | €45,515 | +€15,451 | +51.4% |
| Other operating charges | 640/8 | €69,749 | €3,834 | -€65,915 | -94.5% |
| Non-recurring operating charges | 66A | - | €7,584 | +€7,584 | |
| Gross operating margin | 9900 | €91,535 | €117,735 | +€26,200 | +28.6% |
| Operating profit (loss) | 9901 | -€8,278 | €60,377 | +€68,655 | |
| Financial income | 75/76B | - | €121 | +€121 | |
| Recurring financial income | 75 | - | €121 | +€121 | |
| Financial charges | 65/66B | €15,092 | €26,518 | +€11,426 | +75.7% |
| Recurring financial charges | 65 | €15,092 | €26,518 | +€11,426 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,371 | €33,980 | +€57,350 | |
| Income taxes | 67/77 | €6,156 | €2,692 | -€3,465 | -56.3% |
| Profit (loss) for the period | 9904 | -€29,527 | €31,288 | +€60,815 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,527 | €31,288 | +€60,815 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.