LASER: 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.
LASER
Largest movements
- Cash -€125,271
down €125,271 (-54.9%), from €228,089 to €102,819
mainly Receivables within one year (-€118,765) and Net result for the year (-€11,825)
- Receivables within one year +€118,765
up €118,765 (+3724.5%), from €3,189 to €121,954
of which Other amounts receivable: +€119,762
- Tangible fixed assets -€5,319
down €5,319 (-50.0%), from €10,638 to €5,319
- Profit (loss) carried forward -€11,825
down €11,825 (-22.2%), from €53,264 to €41,440
- Gross operating margin -€1,614
down €1,614 (-15.5%), from -€10,423 to -€12,036
- Financial income -€930
down €930 (-11.3%), from €8,224 to €7,294
- Depreciation -€272
down €272 (-4.9%), from €5,590 to €5,319
- Other operating charges +€180
up €180 (+14.7%), from €1,220 to €1,399
- Financial charges +€140
up €140 (+900.4%), from €16 to €155
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 | €442,489 | €433,298 | -€9,191 | -2.1% |
| Fixed assets | 21/28 | €210,638 | €205,319 | -€5,319 | -2.5% |
| Tangible fixed assets | 22/27 | €10,638 | €5,319 | -€5,319 | -50.0% |
| Furniture and vehicles | 24 | €10,638 | €5,319 | -€5,319 | -50.0% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €231,851 | €227,979 | -€3,873 | -1.7% |
| Amounts receivable within one year | 40/41 | €3,189 | €121,954 | +€118,765 | +3724.5% |
| Trade receivables | 40 | €997 | - | -€997 | |
| Other amounts receivable | 41 | €2,192 | €121,954 | +€119,762 | +5464.5% |
| Cash at bank and in hand | 54/58 | €228,089 | €102,819 | -€125,271 | -54.9% |
| Deferred charges and accrued income | 490/1 | €573 | €3,206 | +€2,633 | +459.3% |
| Total equity and liabilities | 10/49 | €442,489 | €433,298 | -€9,191 | -2.1% |
| Equity | 10/15 | €442,284 | €430,460 | -€11,825 | -2.7% |
| Contributions | 10/11 | €212,400 | €212,400 | = | 0.0% |
| Reserves | 13 | €176,620 | €176,620 | = | 0.0% |
| Distributable reserves | 133 | €176,620 | €176,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,264 | €41,440 | -€11,825 | -22.2% |
| Amounts payable | 17/49 | €205 | €2,838 | +€2,633 | +1287.5% |
| Amounts payable within one year | 42/48 | €205 | €2,838 | +€2,633 | +1287.5% |
| Trade debts | 44 | €101 | €2,656 | +€2,555 | +2537.7% |
| Suppliers | 440/4 | €101 | €2,656 | +€2,555 | +2537.7% |
| Taxes, remuneration and social security | 45 | - | €28 | +€28 | |
| Taxes | 450/3 | - | €28 | +€28 | |
| Other amounts payable | 47/48 | €104 | €154 | +€50 | +48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,590 | €5,319 | -€272 | -4.9% |
| Other operating charges | 640/8 | €1,220 | €1,399 | +€180 | +14.7% |
| Gross operating margin | 9900 | -€10,423 | -€12,036 | -€1,614 | -15.5% |
| Operating profit (loss) | 9901 | -€17,233 | -€18,754 | -€1,521 | -8.8% |
| Financial income | 75/76B | €8,224 | €7,294 | -€930 | -11.3% |
| Recurring financial income | 75 | €8,224 | €7,294 | -€930 | -11.3% |
| Financial charges | 65/66B | €16 | €155 | +€140 | +900.4% |
| Recurring financial charges | 65 | €16 | €155 | +€140 | +900.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,024 | -€11,615 | -€2,591 | -28.7% |
| Income taxes | 67/77 | €267 | €210 | -€57 | -21.4% |
| Profit (loss) for the period | 9904 | -€9,291 | -€11,825 | -€2,534 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,291 | -€11,825 | -€2,534 | -27.3% |
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 10 October 2026 via checked.be.