LASER ENGINEERING APPLICATIONS: 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.
What changed
LASER ENGINEERING APPLICATIONS
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3.2m
2024 · €571,598-€3.8m
Equity
€30.5m
2024 · €27.9m+€2.6m
Cash
€1.9m
2024 · €2.0m-€78,997
Balance sheet total
€65.6m
2024 · €63.6m+€2.0m
Largest movements
Assets
- Receivables within one year +€2.9m
up €2.9m (+58.1%), from €4.9m to €7.8m
of which Trade receivables: +€2.8m
- Stocks and contracts -€2.0m
down €2.0m (-14.3%), from €14.1m to €12.1m
of which Contracts in progress: -€2.7m
- Tangible fixed assets +€986,410
up €986,410 (+7.7%), from €12.8m to €13.7m
of which Leasing and similar rights: +€2.0m
Equity and liabilities
- Contributions +€5.0m
up €5.0m (+19.8%), from €25.3m to €30.3m
- Profit (loss) carried forward -€3.2m
down €3.2m, from €625,445 to -€2.6m
- Short-term financial debts +€2.5m
up €2.5m (+44.5%), from €5.6m to €8.0m
- Advances received -€2.2m
down €2.2m (-22.7%), from €9.5m to €7.4m
- Revaluation surpluses +€987,902
new in 2025: €987,902
Income statement
- Goods and materials -€4.2m
down €4.2m (-44.1%), from €9.5m to €5.3m
of which Purchases: -€4.0m
- Other operating income -€1.0m
down €1.0m (-37.4%), from €2.8m to €1.7m
- Staff costs -€770,114
down €770,114 (-12.0%), from €6.4m to €5.6m
- Financial income -€410,549
down €410,549 (-24.2%), from €1.7m to €1.3m
- Depreciation +€373,058
up €373,058 (+7.6%), from €4.9m to €5.3m
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.
Result 2024
€571,598
Turnover
+€333
Other operating income
-€1.0m
Goods and materials
+€4.2m
Services and other goods
-€293,521
Staff costs
+€770,114
Depreciation
-€373,058
Write-downs
+€253,467
Other operating charges
-€194,367
Other operating items
-€6.8m
Financial income
-€410,549
Financial charges
+€91,952
Taxes
-€21,253
Result 2025
-€3.2m
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.
From operations
-€891,588
Investment
-€6.9m
Financing
+€7.7m
Cash 2024
€2.0m
From operations (derived)
-€891,588
Net result for the year
-€3.2m
Depreciation
+€5.3m
Receivables after one year
+€322,850
Stocks and contracts
+€2.0m
Receivables within one year
-€2.9m
Deferred charges and accrued income
-€22,159
Trade debts
-€822,608
Tax, wage and social debts
-€102,544
Advances received
-€2.2m
Other debts
-€7,420
Accrued charges and deferred income
+€659,229
Investment (derived)
-€6.9m
Investment in fixed assets (net)
-€6.9m
Financing
+€7.7m
Debts after one year
-€647,656
Current portion of long-term debt
-€3,260
Short-term financial debts
+€2.5m
Contributions, distributions and other
+€5.8m
Cash 2025
€1.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,601,300 | €65,637,303 | +€2.0m | +3.2% |
| Formation expenses | 20 | €169,430 | €110,998 | -€58,433 | -34.5% |
| Fixed assets | 21/28 | €41,162,830 | €42,778,602 | +€1.6m | +3.9% |
| Intangible fixed assets | 21 | €4,320,115 | €4,551,626 | +€231,512 | +5.4% |
| Tangible fixed assets | 22/27 | €12,759,334 | €13,745,744 | +€986,410 | +7.7% |
| Land and buildings | 22 | €6,507,980 | €7,165,000 | +€657,020 | +10.1% |
| Plant, machinery and equipment | 23 | €5,692,498 | €4,165,437 | -€1.5m | -26.8% |
| Furniture and vehicles | 24 | €245,568 | €151,757 | -€93,811 | -38.2% |
| Leasing and similar rights | 25 | €301,322 | €2,251,585 | +€2.0m | +647.2% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | €11,966 | €11,966 | = | 0.0% |
| Financial fixed assets | 28 | €24,083,381 | €24,481,232 | +€397,851 | +1.7% |
| Affiliated companies | 280/1 | €24,024,052 | €24,421,903 | +€397,851 | +1.7% |
| Participating interests | 280 | €11,209,984 | €12,465,513 | +€1.3m | +11.2% |
| Amounts receivable | 281 | €12,814,068 | €11,956,390 | -€857,678 | -6.7% |
| Companies linked by participating interests | 282/3 | €30,667 | €30,667 | = | 0.0% |
| Participating interests | 282 | €30,667 | €30,667 | = | 0.0% |
| Other financial fixed assets | 284/8 | €28,662 | €28,662 | = | 0.0% |
| Shares | 284 | €5,701 | €5,701 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €22,961 | €22,961 | = | 0.0% |
| Current assets | 29/58 | €22,269,040 | €22,747,702 | +€478,663 | +2.1% |
| Amounts receivable after more than one year | 29 | €1,152,935 | €830,085 | -€322,850 | -28.0% |
| Other amounts receivable | 291 | €1,152,935 | €830,085 | -€322,850 | -28.0% |
| Stocks and contracts in progress | 3 | €14,076,593 | €12,060,579 | -€2.0m | -14.3% |
| Stocks | 30/36 | €4,505,377 | €5,153,866 | +€648,489 | +14.4% |
| Work in progress | 32 | €1,303,784 | €1,903,312 | +€599,528 | +46.0% |
| Finished goods | 33 | €1,316,198 | €1,347,910 | +€31,712 | +2.4% |
| Goods purchased for resale | 34 | €1,875,314 | €1,902,644 | +€27,330 | +1.5% |
| Advance payments | 36 | €10,081 | €0 | -€10,081 | -100.0% |
| Contracts in progress | 37 | €9,571,216 | €6,906,713 | -€2.7m | -27.8% |
| Amounts receivable within one year | 40/41 | €4,944,955 | €7,819,319 | +€2.9m | +58.1% |
| Trade receivables | 40 | €4,028,387 | €6,877,900 | +€2.8m | +70.7% |
| Other amounts receivable | 41 | €916,569 | €941,419 | +€24,851 | +2.7% |
| Cash at bank and in hand | 54/58 | €1,962,553 | €1,883,556 | -€78,997 | -4.0% |
| Deferred charges and accrued income | 490/1 | €132,003 | €154,162 | +€22,159 | +16.8% |
| Total equity and liabilities | 10/49 | €63,601,300 | €65,637,303 | +€2.0m | +3.2% |
| Equity | 10/15 | €27,868,328 | €30,513,351 | +€2.6m | +9.5% |
| Contributions | 10/11 | €25,305,455 | €30,305,456 | +€5.0m | +19.8% |
| Capital | 10 | €25,305,455 | €30,305,456 | +€5.0m | +19.8% |
| Issued capital | 100 | €25,305,455 | €30,305,456 | +€5.0m | +19.8% |
| Revaluation surpluses | 12 | - | €987,902 | +€987,902 | |
| Reserves | 13 | €137,918 | €137,918 | = | 0.0% |
| Non-distributable reserves | 130/1 | €137,918 | €137,918 | = | 0.0% |
| Legal reserve | 130 | €137,918 | €137,918 | = | 0.0% |
| Profit (loss) carried forward | 14 | €625,445 | -€2,579,425 | -€3.2m | |
| Investment grants | 15 | €1,799,510 | €1,661,500 | -€138,010 | -7.7% |
| Amounts payable | 17/49 | €35,732,972 | €35,123,952 | -€609,020 | -1.7% |
| Amounts payable after more than one year | 17 | €11,615,155 | €10,967,498 | -€647,656 | -5.6% |
| Financial debts | 170/4 | €11,615,155 | €10,967,498 | -€647,656 | -5.6% |
| Subordinated loans | 170 | €1,120,000 | €1,120,000 | = | 0.0% |
| Leasing and similar obligations | 172 | €653,668 | €1,951,218 | +€1.3m | +198.5% |
| Credit institutions | 173 | €9,841,487 | €7,896,280 | -€1.9m | -19.8% |
| Amounts payable within one year | 42/48 | €23,273,003 | €22,652,410 | -€620,593 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €2,494,263 | €2,491,003 | -€3,260 | -0.1% |
| Financial debts | 43 | €5,557,946 | €8,032,991 | +€2.5m | +44.5% |
| Credit institutions | 430/8 | €5,557,946 | €8,032,991 | +€2.5m | +44.5% |
| Trade debts | 44 | €3,605,675 | €2,783,067 | -€822,608 | -22.8% |
| Suppliers | 440/4 | €3,605,675 | €2,783,067 | -€822,608 | -22.8% |
| Advances received on contracts in progress | 46 | €9,515,822 | €7,356,016 | -€2.2m | -22.7% |
| Taxes, remuneration and social security | 45 | €1,620,528 | €1,517,984 | -€102,544 | -6.3% |
| Taxes | 450/3 | €609,735 | €577,635 | -€32,100 | -5.3% |
| Remuneration and social security | 454/9 | €1,010,793 | €940,349 | -€70,444 | -7.0% |
| Other amounts payable | 47/48 | €478,769 | €471,349 | -€7,420 | -1.5% |
| Accrued charges and deferred income | 492/3 | €844,814 | €1,504,043 | +€659,229 | +78.0% |
| Operating income | 70/76A | €25,171,867 | €17,647,083 | -€7.5m | -29.9% |
| Turnover | 70 | €15,074,814 | €15,075,147 | +€333 | 0.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €4,147,296 | -€1,654,407 | -€5.8m | |
| Own construction capitalised | 72 | €3,189,050 | €2,498,317 | -€690,734 | -21.7% |
| Other operating income | 74 | €2,760,707 | €1,728,026 | -€1.0m | -37.4% |
| Operating charges | 60/66A | €25,309,825 | €21,221,659 | -€4.1m | -16.2% |
| Goods for resale, raw materials and consumables | 60 | €9,524,808 | €5,326,371 | -€4.2m | -44.1% |
| Purchases | 600/8 | €9,354,898 | €5,353,701 | -€4.0m | -42.8% |
| Change in stocks: decrease (increase) | 609 | €169,910 | -€27,330 | -€197,240 | |
| Services and other goods | 61 | €3,945,695 | €4,239,216 | +€293,521 | +7.4% |
| Remuneration, social security and pensions | 62 | €6,413,348 | €5,643,234 | -€770,114 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,931,033 | €5,304,091 | +€373,058 | +7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €437,667 | €184,200 | -€253,467 | -57.9% |
| Other operating charges | 640/8 | €19,058 | €213,425 | +€194,367 | +1019.9% |
| Non-recurring operating charges | 66A | €38,217 | €311,122 | +€272,905 | +714.1% |
| Operating profit (loss) | 9901 | -€137,958 | -€3,574,577 | -€3.4m | -2491.1% |
| Financial income | 75/76B | €1,693,487 | €1,282,937 | -€410,549 | -24.2% |
| Recurring financial income | 75 | €1,693,487 | €1,282,937 | -€410,549 | -24.2% |
| Income from financial fixed assets | 750 | €1,005,690 | €607,482 | -€398,208 | -39.6% |
| Income from current assets | 751 | €472,440 | €526,611 | +€54,171 | +11.5% |
| Other financial income | 752/9 | €215,357 | €148,844 | -€66,512 | -30.9% |
| Financial charges | 65/66B | €1,193,939 | €1,101,987 | -€91,952 | -7.7% |
| Recurring financial charges | 65 | €1,193,939 | €1,101,987 | -€91,952 | -7.7% |
| Debt charges | 650 | €856,976 | €837,916 | -€19,061 | -2.2% |
| Other financial charges | 652/9 | €336,963 | €264,072 | -€72,891 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €361,589 | -€3,393,627 | -€3.8m | |
| Income taxes | 67/77 | -€210,009 | -€188,756 | +€21,253 | +10.1% |
| Taxes | 670/3 | €36,701 | €8,431 | -€28,270 | -77.0% |
| Tax adjustments and reversals of tax provisions | 77 | €246,710 | €197,187 | -€49,523 | -20.1% |
| Profit (loss) for the period | 9904 | €571,598 | -€3,204,870 | -€3.8m | |
| Profit (loss) for the period to be appropriated | 9905 | €571,598 | -€3,204,870 | -€3.8m |
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 9 October 2026 via checked.be.