LAOZI: 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.
LAOZI
Largest movements
- Financial fixed assets +€159,271
up €159,271 (+89.8%), from €177,296 to €336,567
- Cash -€117,290
down €117,290 (-76.8%), from €152,658 to €35,368
mainly Investment in fixed assets (net) (-€159,271) and Contributions, distributions and other (-€132,900)
- Tangible fixed assets -€16,712
down €16,712 (-6.4%), from €259,566 to €242,854
of which Land and buildings: -€15,393
- Receivables after one year -€12,000
down €12,000 (-66.7%), from €18,000 to €6,000
- Reserves +€53,000
up €53,000 (+18.0%), from €294,860 to €347,860
of which Distributable reserves: +€53,000
- Tax, wage and social debts -€39,477
down €39,477 (-68.7%), from €57,487 to €18,010
- Other debts +€19,159
up €19,159 (+28.7%), from €66,733 to €85,892
- Debts after one year -€13,063
down €13,063 (-16.7%), from €78,455 to €65,392
- Current portion of long-term debt -€8,828
down €8,828 (-13.6%), from €65,129 to €56,301
- Gross operating margin +€47,249
up €47,249 (+28.7%), from €164,507 to €211,755
- Financial income +€45,758
up €45,758 (+228%), from €20,065 to €65,823
- Taxes -€8,636
down €8,636 (-17.5%), from €49,367 to €40,731
- Financial charges -€4,117
down €4,117 (-12.2%), from €33,855 to €29,739
- Other operating charges +€2,385
up €2,385 (+58.9%), from €4,051 to €6,435
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 | €607,521 | €621,158 | +€13,638 | +2.2% |
| Fixed assets | 21/28 | €436,862 | €579,421 | +€142,559 | +32.6% |
| Tangible fixed assets | 22/27 | €259,566 | €242,854 | -€16,712 | -6.4% |
| Land and buildings | 22 | €250,907 | €235,514 | -€15,393 | -6.1% |
| Plant, machinery and equipment | 23 | €776 | €708 | -€67 | -8.7% |
| Furniture and vehicles | 24 | €1,469 | €218 | -€1,251 | -85.1% |
| Other tangible fixed assets | 26 | €6,414 | €6,414 | = | 0.0% |
| Financial fixed assets | 28 | €177,296 | €336,567 | +€159,271 | +89.8% |
| Current assets | 29/58 | €170,658 | €41,737 | -€128,922 | -75.5% |
| Amounts receivable after more than one year | 29 | €18,000 | €6,000 | -€12,000 | -66.7% |
| Other amounts receivable | 291 | €18,000 | €6,000 | -€12,000 | -66.7% |
| Cash at bank and in hand | 54/58 | €152,658 | €35,368 | -€117,290 | -76.8% |
| Deferred charges and accrued income | 490/1 | - | €369 | +€369 | |
| Total equity and liabilities | 10/49 | €607,521 | €621,158 | +€13,638 | +2.2% |
| Equity | 10/15 | €332,255 | €383,316 | +€51,061 | +15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €294,860 | €347,860 | +€53,000 | +18.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €293,000 | €346,000 | +€53,000 | +18.1% |
| Profit (loss) carried forward | 14 | €31,195 | €29,256 | -€1,939 | -6.2% |
| Amounts payable | 17/49 | €275,266 | €237,843 | -€37,423 | -13.6% |
| Amounts payable after more than one year | 17 | €78,455 | €65,392 | -€13,063 | -16.7% |
| Financial debts | 170/4 | €78,455 | €65,392 | -€13,063 | -16.7% |
| Amounts payable within one year | 42/48 | €196,811 | €172,451 | -€24,360 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €65,129 | €56,301 | -€8,828 | -13.6% |
| Financial debts | 43 | - | €4,500 | +€4,500 | |
| Other loans | 439 | - | €4,500 | +€4,500 | |
| Trade debts | 44 | €7,462 | €7,748 | +€286 | +3.8% |
| Suppliers | 440/4 | €7,462 | €7,748 | +€286 | +3.8% |
| Taxes, remuneration and social security | 45 | €57,487 | €18,010 | -€39,477 | -68.7% |
| Taxes | 450/3 | €57,487 | €18,010 | -€39,477 | -68.7% |
| Other amounts payable | 47/48 | €66,733 | €85,892 | +€19,159 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,970 | €16,712 | -€258 | -1.5% |
| Other operating charges | 640/8 | €4,051 | €6,435 | +€2,385 | +58.9% |
| Gross operating margin | 9900 | €164,507 | €211,755 | +€47,249 | +28.7% |
| Operating profit (loss) | 9901 | €143,486 | €188,608 | +€45,122 | +31.4% |
| Financial income | 75/76B | €20,065 | €65,823 | +€45,758 | +228% |
| Recurring financial income | 75 | €20,065 | €65,823 | +€45,758 | +228% |
| Financial charges | 65/66B | €33,855 | €29,739 | -€4,117 | -12.2% |
| Recurring financial charges | 65 | €33,855 | €29,739 | -€4,117 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €129,696 | €224,692 | +€94,996 | +73.2% |
| Income taxes | 67/77 | €49,367 | €40,731 | -€8,636 | -17.5% |
| Profit (loss) for the period | 9904 | €80,329 | €183,961 | +€103,632 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €80,329 | €183,961 | +€103,632 | +129% |
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 16 October 2026 via checked.be.