LAET-MI: 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.
LAET-MI
Largest movements
- Cash +€6,508
up €6,508 (+21.6%), from €30,189 to €36,697
mainly Net result for the year (+€23,480) and Tax, wage and social debts (+€7,623)
- Receivables within one year +€3,817
up €3,817 (+10.9%), from €35,020 to €38,837
of which Other amounts receivable: +€24,475
- Tangible fixed assets +€1,190
up €1,190 (+20.9%), from €5,689 to €6,879
of which Other tangible fixed assets: +€1,192
- Profit (loss) carried forward +€23,480
up €23,480 (+65.0%), from €36,103 to €59,583
- Trade debts -€19,328
down €19,328 (-64.7%), from €29,853 to €10,525
- Tax, wage and social debts +€7,623
up €7,623 (+279%), from €2,735 to €10,358
- Turnover +€33,363
up €33,363 (+15.2%), from €220,160 to €253,523
- Gross operating margin +€16,901
up €16,901 (+80.6%), from €20,978 to €37,879
- Purchases and services +€16,462
up €16,462 (+8.3%), from €199,182 to €215,644
- Taxes +€5,702
up €5,702 (+499%), from €1,143 to €6,845
- Other operating charges -€4,045
down €4,045 (-41.1%), from €9,848 to €5,803
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 | €93,991 | €105,767 | +€11,776 | +12.5% |
| Fixed assets | 21/28 | €10,964 | €12,154 | +€1,190 | +10.9% |
| Tangible fixed assets | 22/27 | €5,689 | €6,879 | +€1,190 | +20.9% |
| Plant, machinery and equipment | 23 | €3,051 | €2,011 | -€1,040 | -34.1% |
| Furniture and vehicles | 24 | €312 | €1,350 | +€1,038 | +333% |
| Other tangible fixed assets | 26 | €2,326 | €3,518 | +€1,192 | +51.2% |
| Financial fixed assets | 28 | €5,275 | €5,275 | = | 0.0% |
| Current assets | 29/58 | €83,027 | €93,613 | +€10,586 | +12.8% |
| Stocks and contracts in progress | 3 | €3,640 | €3,920 | +€280 | +7.7% |
| Stocks | 30/36 | €3,640 | €3,920 | +€280 | +7.7% |
| Amounts receivable within one year | 40/41 | €35,020 | €38,837 | +€3,817 | +10.9% |
| Trade receivables | 40 | €30,101 | €9,443 | -€20,658 | -68.6% |
| Other amounts receivable | 41 | €4,919 | €29,394 | +€24,475 | +498% |
| Cash at bank and in hand | 54/58 | €30,189 | €36,697 | +€6,508 | +21.6% |
| Deferred charges and accrued income | 490/1 | €14,178 | €14,159 | -€19 | -0.1% |
| Total equity and liabilities | 10/49 | €93,991 | €105,767 | +€11,776 | +12.5% |
| Equity | 10/15 | €61,403 | €84,883 | +€23,480 | +38.2% |
| Contributions | 10/11 | €23,000 | €23,000 | = | 0.0% |
| Reserves | 13 | €2,300 | €2,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,300 | €2,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,300 | €2,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,103 | €59,583 | +€23,480 | +65.0% |
| Amounts payable | 17/49 | €32,588 | €20,884 | -€11,704 | -35.9% |
| Amounts payable within one year | 42/48 | €32,588 | €20,883 | -€11,705 | -35.9% |
| Trade debts | 44 | €29,853 | €10,525 | -€19,328 | -64.7% |
| Suppliers | 440/4 | €29,853 | €10,525 | -€19,328 | -64.7% |
| Taxes, remuneration and social security | 45 | €2,735 | €10,358 | +€7,623 | +279% |
| Taxes | 450/3 | €2,735 | €10,358 | +€7,623 | +279% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Turnover | 70 | €220,160 | €253,523 | +€33,363 | +15.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €199,182 | €215,644 | +€16,462 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,428 | €1,748 | +€320 | +22.4% |
| Other operating charges | 640/8 | €9,848 | €5,803 | -€4,045 | -41.1% |
| Gross operating margin | 9900 | €20,978 | €37,879 | +€16,901 | +80.6% |
| Operating profit (loss) | 9901 | €9,702 | €30,328 | +€20,626 | +213% |
| Financial income | 75/76B | - | €891 | +€891 | |
| Recurring financial income | 75 | - | €891 | +€891 | |
| Financial charges | 65/66B | €864 | €894 | +€30 | +3.5% |
| Recurring financial charges | 65 | €864 | €894 | +€30 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €8,838 | €30,325 | +€21,487 | +243% |
| Income taxes | 67/77 | €1,143 | €6,845 | +€5,702 | +499% |
| Profit (loss) for the period | 9904 | €7,695 | €23,480 | +€15,785 | +205% |
| Profit (loss) for the period to be appropriated | 9905 | €7,695 | €23,480 | +€15,785 | +205% |
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 20 October 2026 via checked.be.