Laona: what changed
What changed
Laona
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€89,541
2024 · €155,529-€65,988
Equity
€307,674
2024 · €268,133+€39,541
Cash
€27,929
2024 · €25,915+€2,014
Balance sheet total
€388,847
2024 · €411,937-€23,090
Largest movements
Assets
- Receivables within one year -€25,237
down €25,237 (-48.2%), from €52,370 to €27,133
of which Trade receivables: -€28,640
Equity and liabilities
- Debts after one year -€48,333
down €48,333 (-100%), from €48,333 to €0
- Reserves +€39,541
up €39,541 (+14.9%), from €264,633 to €304,174
- Other debts -€20,000
down €20,000 (-80.0%), from €25,000 to €5,000
- Tax, wage and social debts +€7,062
up €7,062 (+41.0%), from €17,203 to €24,265
Income statement
- Financial income -€59,904
down €59,904 (-74.8%), from €80,129 to €20,225
- Gross operating margin -€10,442
down €10,442 (-9.8%), from €106,059 to €95,617
- Financial charges -€2,227
down €2,227 (-38.7%), from €5,748 to €3,521
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
€155,529
Gross operating margin
-€10,442
Depreciation
+€169
Other operating charges
+€399
Other operating items
+€514
Financial income
-€59,904
Financial charges
+€2,227
Taxes
+€1,051
Result 2025
€89,541
raises the resultlowers the resultnot broken down further in the accounts
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
+€101,331
Investment
-€983
Financing
-€98,333
Cash 2024
€25,915
From operations (derived)
+€101,331
Net result for the year
+€89,541
Depreciation
+€681
Receivables within one year
+€25,237
Deferred charges and accrued income
+€170
Trade debts
-€1,359
Tax, wage and social debts
+€7,062
Other debts
-€20,000
Investment (derived)
-€983
Investment in fixed assets (net)
-€983
Financing
-€98,333
Debts after one year
-€48,333
Current portion of long-term debt
-€0
Contributions, distributions and other
-€50,000
Cash 2025
€27,929
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €411,937 | €388,847 | -€23,090 | -5.6% |
| Formation expenses | 20 | €1 | €0 | -€1 | -100% |
| Fixed assets | 21/28 | €331,141 | €331,445 | +€304 | +0.1% |
| Tangible fixed assets | 22/27 | €1,141 | €1,445 | +€304 | +26.6% |
| Furniture and vehicles | 24 | €1,141 | €1,445 | +€304 | +26.6% |
| Financial fixed assets | 28 | €330,000 | €330,000 | = | 0.0% |
| Current assets | 29/58 | €80,795 | €57,402 | -€23,393 | -29.0% |
| Amounts receivable within one year | 40/41 | €52,370 | €27,133 | -€25,237 | -48.2% |
| Trade receivables | 40 | €48,000 | €19,360 | -€28,640 | -59.7% |
| Other amounts receivable | 41 | €4,370 | €7,773 | +€3,403 | +77.9% |
| Cash at bank and in hand | 54/58 | €25,915 | €27,929 | +€2,014 | +7.8% |
| Deferred charges and accrued income | 490/1 | €2,510 | €2,340 | -€170 | -6.8% |
| Total equity and liabilities | 10/49 | €411,937 | €388,847 | -€23,090 | -5.6% |
| Equity | 10/15 | €268,133 | €307,674 | +€39,541 | +14.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €264,633 | €304,174 | +€39,541 | +14.9% |
| Distributable reserves | 133 | €264,633 | €304,174 | +€39,541 | +14.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €143,804 | €81,173 | -€62,631 | -43.6% |
| Amounts payable after more than one year | 17 | €48,333 | €0 | -€48,333 | -100% |
| Financial debts | 170/4 | €48,333 | €0 | -€48,333 | -100% |
| Amounts payable within one year | 42/48 | €95,471 | €81,173 | -€14,297 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €48,333 | €48,333 | -€0 | 0.0% |
| Trade debts | 44 | €4,934 | €3,575 | -€1,359 | -27.5% |
| Suppliers | 440/4 | €4,934 | €3,575 | -€1,359 | -27.5% |
| Taxes, remuneration and social security | 45 | €17,203 | €24,265 | +€7,062 | +41.0% |
| Taxes | 450/3 | €17,203 | €24,265 | +€7,062 | +41.0% |
| Other amounts payable | 47/48 | €25,000 | €5,000 | -€20,000 | -80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €849 | €681 | -€169 | -19.9% |
| Other operating charges | 640/8 | €2,123 | €1,725 | -€399 | -18.8% |
| Non-recurring operating charges | 66A | €514 | €0 | -€514 | -100% |
| Gross operating margin | 9900 | €106,059 | €95,617 | -€10,442 | -9.8% |
| Operating profit (loss) | 9901 | €102,573 | €93,212 | -€9,361 | -9.1% |
| Financial income | 75/76B | €80,129 | €20,225 | -€59,904 | -74.8% |
| Recurring financial income | 75 | €80,129 | €20,225 | -€59,904 | -74.8% |
| Financial charges | 65/66B | €5,748 | €3,521 | -€2,227 | -38.7% |
| Recurring financial charges | 65 | €5,748 | €3,521 | -€2,227 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €176,954 | €109,916 | -€67,039 | -37.9% |
| Income taxes | 67/77 | €21,426 | €20,375 | -€1,051 | -4.9% |
| Profit (loss) for the period | 9904 | €155,529 | €89,541 | -€65,988 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €155,529 | €89,541 | -€65,988 | -42.4% |
Next steps
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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 2 November 2026 via checked.be.