LASER ASSOCIATES: 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 ASSOCIATES
Largest movements
- Deferred charges and accrued income +€22,317
up €22,317 (+30.1%), from €74,224 to €96,541
- Tangible fixed assets -€21,662
down €21,662 (-13.6%), from €159,384 to €137,722
- Cash +€19,247
up €19,247 (+7.0%), from €275,315 to €294,562
mainly Net result for the year (+€69,272) and Depreciation (+€24,205)
- Receivables within one year +€13,093
up €13,093 (+13.8%), from €94,793 to €107,886
of which Other amounts receivable: +€13,348
- Reserves +€69,000
up €69,000 (+16.5%), from €418,360 to €487,360
- Debts after one year -€24,612
down €24,612 (-66.9%), from €36,805 to €12,193
- Tax, wage and social debts -€12,308
down €12,308 (-45.1%), from €27,308 to €15,000
- Gross operating margin +€24,633
up €24,633 (+24.8%), from €99,457 to €124,090
- Depreciation +€6,359
up €6,359 (+35.6%), from €17,847 to €24,205
- Taxes +€5,967
up €5,967 (+27.4%), from €21,810 to €27,777
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 | €604,492 | €637,487 | +€32,995 | +5.5% |
| Fixed assets | 21/28 | €160,159 | €138,497 | -€21,662 | -13.5% |
| Tangible fixed assets | 22/27 | €159,384 | €137,722 | -€21,662 | -13.6% |
| Land and buildings | 22 | €89,751 | €82,138 | -€7,614 | -8.5% |
| Plant, machinery and equipment | 23 | €37,731 | €30,759 | -€6,972 | -18.5% |
| Furniture and vehicles | 24 | €31,901 | €24,825 | -€7,076 | -22.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €775 | €775 | = | 0.0% |
| Current assets | 29/58 | €444,333 | €498,990 | +€54,657 | +12.3% |
| Amounts receivable within one year | 40/41 | €94,793 | €107,886 | +€13,093 | +13.8% |
| Trade receivables | 40 | €2,255 | €2,000 | -€255 | -11.3% |
| Other amounts receivable | 41 | €92,538 | €105,887 | +€13,348 | +14.4% |
| Cash at bank and in hand | 54/58 | €275,315 | €294,562 | +€19,247 | +7.0% |
| Deferred charges and accrued income | 490/1 | €74,224 | €96,541 | +€22,317 | +30.1% |
| Total equity and liabilities | 10/49 | €604,492 | €637,487 | +€32,995 | +5.5% |
| Equity | 10/15 | €516,410 | €585,682 | +€69,272 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €418,360 | €487,360 | +€69,000 | +16.5% |
| Distributable reserves | 133 | €418,360 | €487,360 | +€69,000 | +16.5% |
| Profit (loss) carried forward | 14 | €79,450 | €79,722 | +€272 | +0.3% |
| Amounts payable | 17/49 | €88,082 | €51,805 | -€36,277 | -41.2% |
| Amounts payable after more than one year | 17 | €36,805 | €12,193 | -€24,612 | -66.9% |
| Financial debts | 170/4 | €36,805 | €12,193 | -€24,612 | -66.9% |
| Amounts payable within one year | 42/48 | €51,277 | €39,612 | -€11,664 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €23,739 | €24,612 | +€873 | +3.7% |
| Trade debts | 44 | €230 | €0 | -€230 | -100% |
| Suppliers | 440/4 | €230 | €0 | -€230 | -100% |
| Taxes, remuneration and social security | 45 | €27,308 | €15,000 | -€12,308 | -45.1% |
| Taxes | 450/3 | €27,308 | €15,000 | -€12,308 | -45.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,847 | €24,205 | +€6,359 | +35.6% |
| Other operating charges | 640/8 | €1,673 | €1,729 | +€56 | +3.3% |
| Gross operating margin | 9900 | €99,457 | €124,090 | +€24,633 | +24.8% |
| Operating profit (loss) | 9901 | €79,937 | €98,156 | +€18,219 | +22.8% |
| Financial income | 75/76B | €1,445 | €1,470 | +€25 | +1.7% |
| Recurring financial income | 75 | €1,445 | €1,470 | +€25 | +1.7% |
| Financial charges | 65/66B | €3,529 | €2,577 | -€952 | -27.0% |
| Recurring financial charges | 65 | €3,529 | €2,577 | -€952 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €77,853 | €97,049 | +€19,196 | +24.7% |
| Income taxes | 67/77 | €21,810 | €27,777 | +€5,967 | +27.4% |
| Profit (loss) for the period | 9904 | €56,043 | €69,272 | +€13,228 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,043 | €69,272 | +€13,228 | +23.6% |
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 17 October 2026 via checked.be.