LASWERKEN RENDERS: 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.
LASWERKEN RENDERS
Largest movements
- Cash +€111,613
up €111,613 (+235%), from €47,473 to €159,086
mainly Other debts (+€202,574) and Net result for the year (+€112,115)
- Stocks and contracts +€64,183
new in 2025: €64,183
of which Contracts in progress: +€32,372
- Deferred charges and accrued income -€18,080
down €18,080 (-97.3%), from €18,587 to €507
- Tangible fixed assets +€16,011
up €16,011 (+53.1%), from €30,165 to €46,176
- Receivables within one year -€13,644
down €13,644 (-18.4%), from €74,129 to €60,485
of which Trade receivables: -€12,216
- Other debts +€202,574
up €202,574 (+8,895%), from €2,277 to €204,852
- Profit (loss) carried forward -€117,315
down €117,315 (-100%), from €117,315 to €0
- Tax, wage and social debts +€64,786
up €64,786 (+1,715%), from €3,778 to €68,564
of which Taxes: +€62,217
- Trade debts +€9,763
up €9,763 (+29.1%), from €33,595 to €43,359
- Accrued charges and deferred income +€3,457
new in 2025: €3,457
- Gross operating margin +€136,495
up €136,495 (+172%), from €79,548 to €216,043
- Staff costs +€36,497
up €36,497 (+186%), from €19,614 to €56,111
- Taxes +€23,787
up €23,787 (+249%), from €9,549 to €33,336
- Write-downs -€7,836
down €7,836 (-100%), from €7,836 to €0
- Financial charges +€4,555
up €4,555 (+317%), from €1,436 to €5,991
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 | €170,354 | €333,636 | +€163,282 | +95.8% |
| Fixed assets | 21/28 | €30,165 | €46,176 | +€16,011 | +53.1% |
| Tangible fixed assets | 22/27 | €30,165 | €46,176 | +€16,011 | +53.1% |
| Plant, machinery and equipment | 23 | €21,530 | €22,388 | +€858 | +4.0% |
| Furniture and vehicles | 24 | €8,635 | €16,349 | +€7,714 | +89.3% |
| Other tangible fixed assets | 26 | - | €7,439 | +€7,439 | |
| Current assets | 29/58 | €140,189 | €287,460 | +€147,271 | +105% |
| Stocks and contracts in progress | 3 | - | €64,183 | +€64,183 | |
| Stocks | 30/36 | - | €31,811 | +€31,811 | |
| Contracts in progress | 37 | - | €32,372 | +€32,372 | |
| Amounts receivable within one year | 40/41 | €74,129 | €60,485 | -€13,644 | -18.4% |
| Trade receivables | 40 | €72,250 | €60,034 | -€12,216 | -16.9% |
| Other amounts receivable | 41 | €1,879 | €451 | -€1,428 | -76.0% |
| Current investments | 50/53 | - | €3,200 | +€3,200 | |
| Cash at bank and in hand | 54/58 | €47,473 | €159,086 | +€111,613 | +235% |
| Deferred charges and accrued income | 490/1 | €18,587 | €507 | -€18,080 | -97.3% |
| Total equity and liabilities | 10/49 | €170,354 | €333,636 | +€163,282 | +95.8% |
| Equity | 10/15 | €127,315 | €10,000 | -€117,315 | -92.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,315 | €0 | -€117,315 | -100% |
| Amounts payable | 17/49 | €43,039 | €323,636 | +€280,597 | +652% |
| Amounts payable within one year | 42/48 | €43,039 | €320,179 | +€277,140 | +644% |
| Financial debts | 43 | €3,388 | €3,404 | +€16 | +0.5% |
| Credit institutions | 430/8 | €3,388 | €3,404 | +€16 | +0.5% |
| Trade debts | 44 | €33,595 | €43,359 | +€9,763 | +29.1% |
| Suppliers | 440/4 | €33,595 | €43,359 | +€9,763 | +29.1% |
| Taxes, remuneration and social security | 45 | €3,778 | €68,564 | +€64,786 | +1,715% |
| Taxes | 450/3 | €35 | €62,253 | +€62,217 | +175,458% |
| Remuneration and social security | 454/9 | €3,743 | €6,312 | +€2,569 | +68.6% |
| Other amounts payable | 47/48 | €2,277 | €204,852 | +€202,574 | +8,895% |
| Accrued charges and deferred income | 492/3 | - | €3,457 | +€3,457 | |
| Remuneration, social security and pensions | 62 | €19,614 | €56,111 | +€36,497 | +186% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,329 | €7,729 | +€2,400 | +45.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,836 | €0 | -€7,836 | -100% |
| Other operating charges | 640/8 | €650 | €1,523 | +€873 | +134% |
| Gross operating margin | 9900 | €79,548 | €216,043 | +€136,495 | +172% |
| Operating profit (loss) | 9901 | €46,119 | €150,679 | +€104,561 | +227% |
| Financial income | 75/76B | €252 | €762 | +€510 | +202% |
| Recurring financial income | 75 | €252 | €762 | +€510 | +202% |
| Financial charges | 65/66B | €1,436 | €5,991 | +€4,555 | +317% |
| Recurring financial charges | 65 | €1,436 | €5,991 | +€4,555 | +317% |
| Profit (loss) for the period before taxes | 9903 | €44,935 | €145,451 | +€100,516 | +224% |
| Income taxes | 67/77 | €9,549 | €33,336 | +€23,787 | +249% |
| Profit (loss) for the period | 9904 | €35,386 | €112,115 | +€76,729 | +217% |
| Profit (loss) for the period to be appropriated | 9905 | €35,386 | €112,115 | +€76,729 | +217% |
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 22 October 2026 via checked.be.