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
- Intangible fixed assets -€40,000
down €40,000 (-24.4%), from €163,607 to €123,607
- Tangible fixed assets +€36,555
up €36,555 (+54.7%), from €66,886 to €103,441
of which Furniture and vehicles: +€18,831
- Cash +€25,951
up €25,951 (+26.1%), from €99,366 to €125,317
mainly Depreciation (+€46,671) and Net result for the year (+€43,327)
- Reserves +€23,327
up €23,327 (+9.2%), from €253,717 to €277,044
of which Distributable reserves: +€23,327
- Debts after one year -€6,726
down €6,726 (-85.6%), from €7,859 to €1,132
- Tax, wage and social debts +€5,121
up €5,121 (+184%), from €2,776 to €7,897
- Gross operating margin +€14,776
up €14,776 (+13.3%), from €110,876 to €125,652
- Depreciation +€10,077
up €10,077 (+27.5%), from €36,593 to €46,671
- Financial charges +€3,245
up €3,245 (+21.9%), from €14,805 to €18,050
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 | €340,667 | €362,228 | +€21,561 | +6.3% |
| Fixed assets | 21/28 | €230,492 | €227,048 | -€3,445 | -1.5% |
| Intangible fixed assets | 21 | €163,607 | €123,607 | -€40,000 | -24.4% |
| Tangible fixed assets | 22/27 | €66,886 | €103,441 | +€36,555 | +54.7% |
| Land and buildings | 22 | - | €18,355 | +€18,355 | |
| Plant, machinery and equipment | 23 | €508 | €402 | -€106 | -20.9% |
| Furniture and vehicles | 24 | €1,339 | €20,169 | +€18,831 | +1,407% |
| Leasing and similar rights | 25 | €2,539 | €2,015 | -€524 | -20.6% |
| Other tangible fixed assets | 26 | €62,500 | €62,500 | = | 0.0% |
| Current assets | 29/58 | €110,175 | €135,181 | +€25,006 | +22.7% |
| Amounts receivable within one year | 40/41 | €2,821 | €0 | -€2,821 | -100% |
| Trade receivables | 40 | €1,110 | €0 | -€1,110 | -100% |
| Other amounts receivable | 41 | €1,711 | €0 | -€1,711 | -100% |
| Cash at bank and in hand | 54/58 | €99,366 | €125,317 | +€25,951 | +26.1% |
| Deferred charges and accrued income | 490/1 | €7,987 | €9,864 | +€1,876 | +23.5% |
| Total equity and liabilities | 10/49 | €340,667 | €362,228 | +€21,561 | +6.3% |
| Equity | 10/15 | €315,217 | €338,544 | +€23,327 | +7.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €253,717 | €277,044 | +€23,327 | +9.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €247,567 | €270,894 | +€23,327 | +9.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,450 | €23,684 | -€1,766 | -6.9% |
| Amounts payable after more than one year | 17 | €7,859 | €1,132 | -€6,726 | -85.6% |
| Financial debts | 170/4 | €7,859 | €1,132 | -€6,726 | -85.6% |
| Amounts payable within one year | 42/48 | €12,401 | €17,962 | +€5,561 | +44.8% |
| Current portion of amounts payable after more than one year | 42 | €6,611 | €6,726 | +€115 | +1.7% |
| Trade debts | 44 | €2,998 | €2,006 | -€991 | -33.1% |
| Suppliers | 440/4 | €2,998 | €2,006 | -€991 | -33.1% |
| Taxes, remuneration and social security | 45 | €2,776 | €7,897 | +€5,121 | +184% |
| Taxes | 450/3 | €2,776 | €7,897 | +€5,121 | +184% |
| Other amounts payable | 47/48 | €16 | €1,333 | +€1,317 | +8,152% |
| Accrued charges and deferred income | 492/3 | €5,190 | €4,590 | -€601 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,593 | €46,671 | +€10,077 | +27.5% |
| Other operating charges | 640/8 | €367 | €1,088 | +€721 | +196% |
| Gross operating margin | 9900 | €110,876 | €125,652 | +€14,776 | +13.3% |
| Operating profit (loss) | 9901 | €73,916 | €77,894 | +€3,978 | +5.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €14,805 | €18,050 | +€3,245 | +21.9% |
| Recurring financial charges | 65 | €14,805 | €18,050 | +€3,245 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €59,111 | €59,844 | +€732 | +1.2% |
| Income taxes | 67/77 | €15,260 | €16,516 | +€1,256 | +8.2% |
| Profit (loss) for the period | 9904 | €43,851 | €43,327 | -€524 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,851 | €43,327 | -€524 | -1.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.