LAFARQUE LAURENT: 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.
LAFARQUE LAURENT
Largest movements
- Cash +€106,559
up €106,559 (+18.8%), from €567,737 to €674,296
mainly Other debts (+€289,765) and Net result for the year (+€94,336)
- Receivables within one year -€39,345
down €39,345 (-27.3%), from €144,342 to €104,997
of which Trade receivables: -€42,152
- Other debts +€289,765
up €289,765 (+557%), from €52,027 to €341,792
- Reserves -€186,062
down €186,062 (-22.8%), from €817,236 to €631,174
of which Distributable reserves: -€184,202
- Tax, wage and social debts -€12,769
down €12,769 (-23.0%), from €55,410 to €42,641
of which Remuneration and social security: -€7,997
- Gross operating margin -€72,666
down €72,666 (-17.9%), from €406,985 to €334,319
- Staff costs -€27,139
down €27,139 (-11.7%), from €231,871 to €204,732
- Taxes -€18,247
down €18,247 (-32.9%), from €55,404 to €37,157
- Other operating charges +€4,897
up €4,897 (+253%), from €1,932 to €6,829
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 | €965,102 | €1,045,064 | +€79,962 | +8.3% |
| Fixed assets | 21/28 | €615 | - | -€615 | |
| Tangible fixed assets | 22/27 | €615 | - | -€615 | |
| Other tangible fixed assets | 26 | €615 | - | -€615 | |
| Current assets | 29/58 | €964,487 | €1,045,064 | +€80,577 | +8.4% |
| Stocks and contracts in progress | 3 | €251,167 | €258,172 | +€7,005 | +2.8% |
| Stocks | 30/36 | €251,167 | €258,172 | +€7,005 | +2.8% |
| Amounts receivable within one year | 40/41 | €144,342 | €104,997 | -€39,345 | -27.3% |
| Trade receivables | 40 | €143,461 | €101,309 | -€42,152 | -29.4% |
| Other amounts receivable | 41 | €881 | €3,688 | +€2,807 | +319% |
| Cash at bank and in hand | 54/58 | €567,737 | €674,296 | +€106,559 | +18.8% |
| Deferred charges and accrued income | 490/1 | €1,241 | €7,599 | +€6,358 | +512% |
| Total equity and liabilities | 10/49 | €965,102 | €1,045,064 | +€79,962 | +8.3% |
| Equity | 10/15 | €835,836 | €649,774 | -€186,062 | -22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €817,236 | €631,174 | -€186,062 | -22.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €815,376 | €631,174 | -€184,202 | -22.6% |
| Amounts payable | 17/49 | €129,266 | €395,290 | +€266,024 | +206% |
| Amounts payable within one year | 42/48 | €123,644 | €391,607 | +€267,963 | +217% |
| Trade debts | 44 | €16,207 | €7,174 | -€9,033 | -55.7% |
| Suppliers | 440/4 | €16,207 | €7,174 | -€9,033 | -55.7% |
| Taxes, remuneration and social security | 45 | €55,410 | €42,641 | -€12,769 | -23.0% |
| Taxes | 450/3 | €26,117 | €21,345 | -€4,772 | -18.3% |
| Remuneration and social security | 454/9 | €29,293 | €21,296 | -€7,997 | -27.3% |
| Other amounts payable | 47/48 | €52,027 | €341,792 | +€289,765 | +557% |
| Accrued charges and deferred income | 492/3 | €5,622 | €3,683 | -€1,939 | -34.5% |
| Remuneration, social security and pensions | 62 | €231,871 | €204,732 | -€27,139 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €647 | €616 | -€31 | -4.8% |
| Other operating charges | 640/8 | €1,932 | €6,829 | +€4,897 | +253% |
| Gross operating margin | 9900 | €406,985 | €334,319 | -€72,666 | -17.9% |
| Operating profit (loss) | 9901 | €172,535 | €122,142 | -€50,393 | -29.2% |
| Financial income | 75/76B | €16,127 | €14,799 | -€1,328 | -8.2% |
| Recurring financial income | 75 | €11,664 | €10,196 | -€1,468 | -12.6% |
| Non-recurring financial income | 76B | €4,463 | €4,603 | +€140 | +3.1% |
| Financial charges | 65/66B | €4,340 | €5,448 | +€1,108 | +25.5% |
| Recurring financial charges | 65 | €4,340 | €5,448 | +€1,108 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €184,322 | €131,493 | -€52,829 | -28.7% |
| Income taxes | 67/77 | €55,404 | €37,157 | -€18,247 | -32.9% |
| Profit (loss) for the period | 9904 | €128,918 | €94,336 | -€34,582 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €128,918 | €94,336 | -€34,582 | -26.8% |
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 22 October 2026 via checked.be.