LAEVER: 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.
LAEVER
Largest movements
- Tangible fixed assets -€123,727
down €123,727 (-22.8%), from €543,497 to €419,770
of which Leasing and similar rights: -€118,061
- Receivables after one year -€101,596
down €101,596 (-61.8%), from €164,327 to €62,731
- Stocks and contracts +€69,500
new in 2025: €69,500
- Cash -€41,547
down €41,547 (-30.2%), from €137,580 to €96,033
mainly Debts after one year (-€163,171) and Other debts (-€109,286)
- Debts after one year -€163,171
down €163,171 (-33.6%), from €485,600 to €322,428
- Other debts -€109,286
down €109,286 (-58.0%), from €188,379 to €79,093
- Reserves +€78,627
up €78,627 (+51.1%), from €153,892 to €232,519
- Trade debts -€16,026
down €16,026 (-14.8%), from €108,427 to €92,401
- Gross operating margin +€201,992
up €201,992 (+44.9%), from €450,143 to €652,135
- Staff costs +€60,132
up €60,132 (+24.6%), from €244,505 to €304,637
- Write-downs +€40,213
up €40,213, from -€14,068 to €26,145
- Taxes +€30,192
up €30,192 (+415.8%), from €7,260 to €37,452
- Other operating charges +€8,662
up €8,662 (+121.1%), from €7,154 to €15,816
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 | €1,169,450 | €979,792 | -€189,658 | -16.2% |
| Fixed assets | 21/28 | €543,497 | €419,770 | -€123,727 | -22.8% |
| Tangible fixed assets | 22/27 | €543,497 | €419,770 | -€123,727 | -22.8% |
| Land and buildings | 22 | €95,563 | €89,746 | -€5,817 | -6.1% |
| Plant, machinery and equipment | 23 | €44,246 | €37,268 | -€6,978 | -15.8% |
| Furniture and vehicles | 24 | €4,959 | €12,088 | +€7,129 | +143.8% |
| Leasing and similar rights | 25 | €398,729 | €280,668 | -€118,061 | -29.6% |
| Current assets | 29/58 | €625,953 | €560,022 | -€65,931 | -10.5% |
| Amounts receivable after more than one year | 29 | €164,327 | €62,731 | -€101,596 | -61.8% |
| Other amounts receivable | 291 | €164,327 | €62,731 | -€101,596 | -61.8% |
| Stocks and contracts in progress | 3 | - | €69,500 | +€69,500 | |
| Stocks | 30/36 | - | €69,500 | +€69,500 | |
| Amounts receivable within one year | 40/41 | €301,594 | €306,542 | +€4,948 | +1.6% |
| Trade receivables | 40 | €264,597 | €277,357 | +€12,760 | +4.8% |
| Other amounts receivable | 41 | €36,996 | €29,184 | -€7,812 | -21.1% |
| Cash at bank and in hand | 54/58 | €137,580 | €96,033 | -€41,547 | -30.2% |
| Deferred charges and accrued income | 490/1 | €22,453 | €25,217 | +€2,764 | +12.3% |
| Total equity and liabilities | 10/49 | €1,169,450 | €979,792 | -€189,658 | -16.2% |
| Equity | 10/15 | €201,287 | €279,914 | +€78,627 | +39.1% |
| Contributions | 10/11 | €47,395 | €47,395 | = | 0.0% |
| Reserves | 13 | €153,892 | €232,519 | +€78,627 | +51.1% |
| Distributable reserves | 133 | €153,892 | €232,519 | +€78,627 | +51.1% |
| Amounts payable | 17/49 | €968,163 | €699,878 | -€268,285 | -27.7% |
| Amounts payable after more than one year | 17 | €485,600 | €322,428 | -€163,171 | -33.6% |
| Financial debts | 170/4 | €485,600 | €322,428 | -€163,171 | -33.6% |
| Amounts payable within one year | 42/48 | €482,563 | €377,450 | -€105,114 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €173,188 | €184,283 | +€11,095 | +6.4% |
| Trade debts | 44 | €108,427 | €92,401 | -€16,026 | -14.8% |
| Suppliers | 440/4 | €108,427 | €92,401 | -€16,026 | -14.8% |
| Taxes, remuneration and social security | 45 | €12,569 | €21,673 | +€9,104 | +72.4% |
| Taxes | 450/3 | €2,092 | €10,416 | +€8,323 | +397.8% |
| Remuneration and social security | 454/9 | €10,477 | €11,257 | +€780 | +7.4% |
| Other amounts payable | 47/48 | €188,379 | €79,093 | -€109,286 | -58.0% |
| Remuneration, social security and pensions | 62 | €244,505 | €304,637 | +€60,132 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,683 | €161,038 | +€7,355 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€14,068 | €26,145 | +€40,213 | |
| Other operating charges | 640/8 | €7,154 | €15,816 | +€8,662 | +121.1% |
| Gross operating margin | 9900 | €450,143 | €652,135 | +€201,992 | +44.9% |
| Operating profit (loss) | 9901 | €58,870 | €144,499 | +€85,630 | +145.5% |
| Financial income | 75/76B | €3,857 | €3,553 | -€305 | -7.9% |
| Recurring financial income | 75 | €3,857 | €3,553 | -€305 | -7.9% |
| Financial charges | 65/66B | €30,321 | €31,973 | +€1,652 | +5.4% |
| Recurring financial charges | 65 | €30,321 | €31,973 | +€1,652 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €32,406 | €116,079 | +€83,673 | +258.2% |
| Income taxes | 67/77 | €7,260 | €37,452 | +€30,192 | +415.8% |
| Profit (loss) for the period | 9904 | €25,146 | €78,627 | +€53,481 | +212.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,146 | €78,627 | +€53,481 | +212.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.