LAETI: what changed
What changed
LAETI
NACE 77.393, Rental and leasing activities
filed annual accounts (NBB)
Net result for the year
€82,433
2024 · €99,950-€17,517
Equity
€303,272
2024 · €317,436-€14,164
Cash
€136,472
2024 · €13,355+€123,117
Balance sheet total
€829,596
2024 · €785,275+€44,321
Largest movements
Assets
- Cash +€123,117
up €123,117 (+922%), from €13,355 to €136,472
mainly Other debts (+€96,666) and Net result for the year (+€82,433)
- Tangible fixed assets -€91,894
down €91,894 (-17.2%), from €535,221 to €443,327
of which Land and buildings: -€63,462
Equity and liabilities
- Other debts +€96,666
up €96,666 (+2,875%), from €3,362 to €100,028
- Debts after one year -€39,535
down €39,535 (-9.9%), from €400,594 to €361,059
- Reserves -€14,164
down €14,164 (-4.6%), from €305,036 to €290,872
Income statement
- Depreciation +€34,877
up €34,877 (+116%), from €30,174 to €65,051
- Gross operating margin +€22,198
up €22,198 (+12.8%), from €173,809 to €196,007
- Financial charges +€11,717
up €11,717 (+1,101%), from €1,064 to €12,781
- Taxes -€7,909
down €7,909 (-19.0%), from €41,574 to €33,665
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€99,950
Gross operating margin
+€22,198
Depreciation
-€34,877
Other operating charges
-€1,188
Financial income
+€158
Financial charges
-€11,717
Taxes
+€7,909
Result 2025
€82,433
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€232,413
Investment
+€25,707
Financing
-€135,003
Cash 2024
€13,355
From operations (derived)
+€232,413
Net result for the year
+€82,433
Depreciation
+€65,051
Receivables within one year
-€7,792
Deferred charges and accrued income
-€4,171
Trade debts
+€929
Tax, wage and social debts
-€703
Other debts
+€96,666
Investment (derived)
+€25,707
Investment in fixed assets (net)
+€29,648
Current investments
-€3,941
Financing
-€135,003
Debts after one year
-€39,535
Current portion of long-term debt
+€1,129
Contributions, distributions and other
-€96,597
Cash 2025
€136,472
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €785,275 | €829,596 | +€44,321 | +5.6% |
| Fixed assets | 21/28 | €643,681 | €548,982 | -€94,699 | -14.7% |
| Tangible fixed assets | 22/27 | €535,221 | €443,327 | -€91,894 | -17.2% |
| Land and buildings | 22 | €500,838 | €437,377 | -€63,462 | -12.7% |
| Furniture and vehicles | 24 | €34,383 | €5,951 | -€28,433 | -82.7% |
| Financial fixed assets | 28 | €108,460 | €105,655 | -€2,805 | -2.6% |
| Current assets | 29/58 | €141,593 | €280,614 | +€139,021 | +98.2% |
| Amounts receivable within one year | 40/41 | €125,314 | €133,107 | +€7,792 | +6.2% |
| Trade receivables | 40 | €26,888 | €34,618 | +€7,731 | +28.8% |
| Other amounts receivable | 41 | €98,426 | €98,488 | +€62 | +0.1% |
| Current investments | 50/53 | €0 | €3,941 | +€3,941 | |
| Cash at bank and in hand | 54/58 | €13,355 | €136,472 | +€123,117 | +922% |
| Deferred charges and accrued income | 490/1 | €2,924 | €7,095 | +€4,171 | +143% |
| Total equity and liabilities | 10/49 | €785,275 | €829,596 | +€44,321 | +5.6% |
| Equity | 10/15 | €317,436 | €303,272 | -€14,164 | -4.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €305,036 | €290,872 | -€14,164 | -4.6% |
| Distributable reserves | 133 | €305,036 | €290,872 | -€14,164 | -4.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €467,839 | €526,324 | +€58,485 | +12.5% |
| Amounts payable after more than one year | 17 | €400,594 | €361,059 | -€39,535 | -9.9% |
| Financial debts | 170/4 | €400,594 | €361,059 | -€39,535 | -9.9% |
| Amounts payable within one year | 42/48 | €67,245 | €165,265 | +€98,020 | +146% |
| Current portion of amounts payable after more than one year | 42 | €38,406 | €39,535 | +€1,129 | +2.9% |
| Trade debts | 44 | €1,660 | €2,588 | +€929 | +56.0% |
| Suppliers | 440/4 | €1,660 | €2,588 | +€929 | +56.0% |
| Taxes, remuneration and social security | 45 | €23,817 | €23,114 | -€703 | -3.0% |
| Taxes | 450/3 | €23,817 | €23,114 | -€703 | -3.0% |
| Other amounts payable | 47/48 | €3,362 | €100,028 | +€96,666 | +2,875% |
| Non-recurring operating income | 76A | - | €3,157 | +€3,157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,174 | €65,051 | +€34,877 | +116% |
| Other operating charges | 640/8 | €1,051 | €2,240 | +€1,188 | +113% |
| Gross operating margin | 9900 | €173,809 | €196,007 | +€22,198 | +12.8% |
| Operating profit (loss) | 9901 | €142,583 | €128,716 | -€13,867 | -9.7% |
| Financial income | 75/76B | €4 | €163 | +€158 | +3,620% |
| Recurring financial income | 75 | €4 | €163 | +€158 | +3,620% |
| Financial charges | 65/66B | €1,064 | €12,781 | +€11,717 | +1,101% |
| Recurring financial charges | 65 | €1,064 | €12,781 | +€11,717 | +1,101% |
| Profit (loss) for the period before taxes | 9903 | €141,523 | €116,098 | -€25,426 | -18.0% |
| Income taxes | 67/77 | €41,574 | €33,665 | -€7,909 | -19.0% |
| Profit (loss) for the period | 9904 | €99,950 | €82,433 | -€17,517 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,950 | €82,433 | -€17,517 | -17.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.