Laser Cladding Venture: what changed
Two fiscal 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 Cladding Venture
Largest movements
- Receivables within one year -€648,037
down €648,037 (-59.5%), from €1.1m to €440,497
of which Trade receivables: -€457,744
- Stocks and contracts +€241,895
up €241,895 (+413.0%), from €58,576 to €300,471
of which Stocks: +€197,598
- Reserves -€212,494
down €212,494 (-19.4%), from €1.1m to €880,127
of which Distributable reserves: -€212,494
- Accrued charges and deferred income -€193,730
down €193,730 (-96.3%), from €201,199 to €7,470
- Trade debts -€99,211
down €99,211 (-58.1%), from €170,732 to €71,520
- Other debts +€97,611
up €97,611 (+49.4%), from €197,743 to €295,354
- Tax, wage and social debts +€37,362
up €37,362 (+37.0%), from €101,030 to €138,392
of which Remuneration and social security: +€37,499
- Gross operating margin +€344,316
up €344,316 (+64.1%), from €536,885 to €881,202
- Staff costs +€113,630
up €113,630 (+17.8%), from €638,409 to €752,039
- Depreciation +€9,586
up €9,586 (+3.2%), from €296,107 to €305,693
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 | €2,874,806 | €2,465,949 | -€408,857 | -14.2% |
| Fixed assets | 21/28 | €1,669,563 | €1,669,561 | -€2 | 0.0% |
| Tangible fixed assets | 22/27 | €1,669,563 | €1,669,561 | -€2 | 0.0% |
| Plant, machinery and equipment | 23 | €1,355,316 | €1,227,030 | -€128,286 | -9.5% |
| Furniture and vehicles | 24 | €41,876 | €29,467 | -€12,408 | -29.6% |
| Leasing and similar rights | 25 | €113,159 | €72,563 | -€40,596 | -35.9% |
| Other tangible fixed assets | 26 | €159,212 | €137,615 | -€21,597 | -13.6% |
| Assets under construction and advance payments | 27 | - | €202,886 | +€202,886 | |
| Current assets | 29/58 | €1,205,244 | €796,389 | -€408,855 | -33.9% |
| Stocks and contracts in progress | 3 | €58,576 | €300,471 | +€241,895 | +413.0% |
| Stocks | 30/36 | €54,067 | €251,665 | +€197,598 | +365.5% |
| Contracts in progress | 37 | €4,509 | €48,806 | +€44,297 | +982.4% |
| Amounts receivable within one year | 40/41 | €1,088,534 | €440,497 | -€648,037 | -59.5% |
| Trade receivables | 40 | €823,317 | €365,573 | -€457,744 | -55.6% |
| Other amounts receivable | 41 | €265,218 | €74,924 | -€190,294 | -71.8% |
| Cash at bank and in hand | 54/58 | €47,260 | €44,905 | -€2,355 | -5.0% |
| Deferred charges and accrued income | 490/1 | €10,873 | €10,516 | -€358 | -3.3% |
| Total equity and liabilities | 10/49 | €2,874,806 | €2,465,949 | -€408,857 | -14.2% |
| Equity | 10/15 | €2,094,672 | €1,882,178 | -€212,494 | -10.1% |
| Contributions | 10/11 | €1,002,051 | €1,002,051 | = | 0.0% |
| Capital | 10 | €1,002,051 | €1,002,051 | = | 0.0% |
| Issued capital | 100 | €1,008,189 | €1,008,189 | = | 0.0% |
| Uncalled capital | 101 | €6,138 | €6,138 | = | 0.0% |
| Reserves | 13 | €1,092,621 | €880,127 | -€212,494 | -19.4% |
| Non-distributable reserves | 130/1 | €100,819 | €100,819 | = | 0.0% |
| Legal reserve | 130 | €100,819 | €100,819 | = | 0.0% |
| Distributable reserves | 133 | €991,802 | €779,308 | -€212,494 | -21.4% |
| Amounts payable | 17/49 | €780,134 | €583,772 | -€196,363 | -25.2% |
| Amounts payable after more than one year | 17 | €71,035 | €38,416 | -€32,619 | -45.9% |
| Financial debts | 170/4 | €71,035 | €38,416 | -€32,619 | -45.9% |
| Amounts payable within one year | 42/48 | €507,900 | €537,885 | +€29,986 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €38,395 | €32,619 | -€5,776 | -15.0% |
| Trade debts | 44 | €170,732 | €71,520 | -€99,211 | -58.1% |
| Suppliers | 440/4 | €170,732 | €71,520 | -€99,211 | -58.1% |
| Taxes, remuneration and social security | 45 | €101,030 | €138,392 | +€37,362 | +37.0% |
| Taxes | 450/3 | €1,371 | €1,234 | -€138 | -10.0% |
| Remuneration and social security | 454/9 | €99,659 | €137,158 | +€37,499 | +37.6% |
| Other amounts payable | 47/48 | €197,743 | €295,354 | +€97,611 | +49.4% |
| Accrued charges and deferred income | 492/3 | €201,199 | €7,470 | -€193,730 | -96.3% |
| Non-recurring operating income | 76A | €277 | €1,000 | +€723 | +260.4% |
| Remuneration, social security and pensions | 62 | €638,409 | €752,039 | +€113,630 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €296,107 | €305,693 | +€9,586 | +3.2% |
| Other operating charges | 640/8 | €13,665 | €15,754 | +€2,090 | +15.3% |
| Non-recurring operating charges | 66A | €360 | €1,602 | +€1,242 | +344.9% |
| Gross operating margin | 9900 | €536,885 | €881,202 | +€344,316 | +64.1% |
| Operating profit (loss) | 9901 | -€411,655 | -€193,886 | +€217,769 | +52.9% |
| Financial income | 75/76B | €11,631 | €12,909 | +€1,278 | +11.0% |
| Recurring financial income | 75 | €11,631 | €6,375 | -€5,256 | -45.2% |
| Non-recurring financial income | 76B | - | €6,534 | +€6,534 | |
| Financial charges | 65/66B | €22,315 | €30,284 | +€7,968 | +35.7% |
| Recurring financial charges | 65 | €22,315 | €30,284 | +€7,968 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | -€422,339 | -€211,260 | +€211,078 | +50.0% |
| Income taxes | 67/77 | €1,371 | €1,234 | -€138 | -10.0% |
| Profit (loss) for the period | 9904 | -€423,710 | -€212,494 | +€211,216 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€423,710 | -€212,494 | +€211,216 | +49.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.