LAU: 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
LAU
NACE 73.300, Public relations and communication consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€29,236
2024 · €84,826-€55,590
Equity
€240,901
2024 · €211,665+€29,236
Cash
€30,330
2024 · €30,669-€339
Balance sheet total
€1.5m
2024 · €1.5m-€30,000
Largest movements
Assets
- Current investments -€25,000
down €25,000 (-33.3%), from €75,000 to €50,000
Equity and liabilities
- Debts after one year -€48,539
down €48,539 (-4.9%), from €987,344 to €938,805
- Profit (loss) carried forward +€29,236
up €29,236 (+15.2%), from €192,056 to €221,292
- Current portion of long-term debt +€16,376
up €16,376 (+17.8%), from €92,132 to €108,507
Income statement
- Gross operating margin -€63,660
down €63,660 (-30.7%), from €207,518 to €143,858
- Taxes -€14,084
down €14,084 (-52.2%), from €26,978 to €12,894
- Depreciation +€5,280
up €5,280 (+7.8%), from €67,278 to €72,558
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
€84,826
Gross operating margin
-€63,660
Depreciation
-€5,280
Other operating charges
+€93
Financial income
+€153
Financial charges
-€980
Taxes
+€14,084
Result 2025
€29,236
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
+€77,087
Investment
-€40,172
Financing
-€37,254
Cash 2024
€30,669
From operations (derived)
+€77,087
Net result for the year
+€29,236
Depreciation
+€72,558
Receivables within one year
-€1,047
Deferred charges and accrued income
-€1,679
Trade debts
-€819
Tax, wage and social debts
-€11,910
Other debts
-€6,612
Accrued charges and deferred income
-€2,640
Investment (derived)
-€40,172
Investment in fixed assets (net)
-€65,172
Current investments
+€25,000
Financing
-€37,254
Debts after one year
-€48,539
Current portion of long-term debt
+€16,376
Short-term financial debts
-€5,092
Cash 2025
€30,330
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,502,621 | €1,472,620 | -€30,000 | -2.0% |
| Fixed assets | 21/28 | €1,384,780 | €1,377,394 | -€7,387 | -0.5% |
| Tangible fixed assets | 22/27 | €1,384,780 | €1,377,394 | -€7,387 | -0.5% |
| Land and buildings | 22 | €1,319,848 | €1,270,016 | -€49,832 | -3.8% |
| Furniture and vehicles | 24 | €40,082 | €82,527 | +€42,445 | +105.9% |
| Other tangible fixed assets | 26 | €24,850 | €24,850 | = | 0.0% |
| Current assets | 29/58 | €117,840 | €95,227 | -€22,614 | -19.2% |
| Amounts receivable within one year | 40/41 | €10,333 | €11,380 | +€1,047 | +10.1% |
| Trade receivables | 40 | €10,333 | €11,011 | +€678 | +6.6% |
| Other amounts receivable | 41 | €0 | €369 | +€369 | |
| Current investments | 50/53 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €30,669 | €30,330 | -€339 | -1.1% |
| Deferred charges and accrued income | 490/1 | €1,838 | €3,516 | +€1,679 | +91.3% |
| Total equity and liabilities | 10/49 | €1,502,621 | €1,472,620 | -€30,000 | -2.0% |
| Equity | 10/15 | €211,665 | €240,901 | +€29,236 | +13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,009 | €1,009 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,009 | €1,009 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,009 | €1,009 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,056 | €221,292 | +€29,236 | +15.2% |
| Amounts payable | 17/49 | €1,290,955 | €1,231,719 | -€59,236 | -4.6% |
| Amounts payable after more than one year | 17 | €987,344 | €938,805 | -€48,539 | -4.9% |
| Financial debts | 170/4 | €987,344 | €938,805 | -€48,539 | -4.9% |
| Amounts payable within one year | 42/48 | €290,019 | €281,962 | -€8,057 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €92,132 | €108,507 | +€16,376 | +17.8% |
| Financial debts | 43 | €5,092 | €0 | -€5,092 | -100.0% |
| Credit institutions | 430/8 | €5,092 | €0 | -€5,092 | -100.0% |
| Trade debts | 44 | €1,470 | €651 | -€819 | -55.7% |
| Suppliers | 440/4 | €1,470 | €651 | -€819 | -55.7% |
| Taxes, remuneration and social security | 45 | €26,047 | €14,137 | -€11,910 | -45.7% |
| Taxes | 450/3 | €26,047 | €14,137 | -€11,910 | -45.7% |
| Other amounts payable | 47/48 | €165,278 | €158,666 | -€6,612 | -4.0% |
| Accrued charges and deferred income | 492/3 | €13,593 | €10,952 | -€2,640 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,278 | €72,558 | +€5,280 | +7.8% |
| Other operating charges | 640/8 | €1,745 | €1,652 | -€93 | -5.3% |
| Gross operating margin | 9900 | €207,518 | €143,858 | -€63,660 | -30.7% |
| Operating profit (loss) | 9901 | €138,494 | €69,647 | -€68,846 | -49.7% |
| Financial income | 75/76B | €999 | €1,152 | +€153 | +15.3% |
| Recurring financial income | 75 | €999 | €1,152 | +€153 | +15.3% |
| Financial charges | 65/66B | €27,689 | €28,669 | +€980 | +3.5% |
| Recurring financial charges | 65 | €27,689 | €28,669 | +€980 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €111,804 | €42,130 | -€69,674 | -62.3% |
| Income taxes | 67/77 | €26,978 | €12,894 | -€14,084 | -52.2% |
| Profit (loss) for the period | 9904 | €84,826 | €29,236 | -€55,590 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €84,826 | €29,236 | -€55,590 | -65.5% |
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 7 October 2026 via checked.be.