LAU.W: 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.
LAU.W
Largest movements
- Cash +€13,185
up €13,185 (+23.1%), from €56,996 to €70,182
mainly Net result for the year (+€59,559) and Other debts (+€52,574)
- Tangible fixed assets -€4,000
down €4,000 (-29.8%), from €13,414 to €9,414
- Receivables within one year -€2,087
down €2,087 (-17.3%), from €12,070 to €9,983
of which Other amounts receivable: -€2,390
- Reserves -€59,665
no longer reported in 2025 (was €59,665)
- Other debts +€52,574
up €52,574 (+9,730%), from €540 to €53,115
- Tax, wage and social debts +€14,264
up €14,264 (+76.8%), from €18,571 to €32,835
of which Taxes: +€11,578
- Gross operating margin +€31,254
up €31,254 (+61.3%), from €51,004 to €82,258
- Taxes +€6,605
up €6,605 (+62.3%), from €10,610 to €17,215
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 | €82,480 | €89,578 | +€7,098 | +8.6% |
| Fixed assets | 21/28 | €13,414 | €9,414 | -€4,000 | -29.8% |
| Tangible fixed assets | 22/27 | €13,414 | €9,414 | -€4,000 | -29.8% |
| Furniture and vehicles | 24 | €13,414 | €9,414 | -€4,000 | -29.8% |
| Current assets | 29/58 | €69,066 | €80,164 | +€11,098 | +16.1% |
| Amounts receivable within one year | 40/41 | €12,070 | €9,983 | -€2,087 | -17.3% |
| Trade receivables | 40 | €9,680 | €9,983 | +€303 | +3.1% |
| Other amounts receivable | 41 | €2,390 | - | -€2,390 | |
| Cash at bank and in hand | 54/58 | €56,996 | €70,182 | +€13,185 | +23.1% |
| Total equity and liabilities | 10/49 | €82,480 | €89,578 | +€7,098 | +8.6% |
| Equity | 10/15 | €61,665 | €2,000 | -€59,665 | -96.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €59,665 | - | -€59,665 | |
| Distributable reserves | 133 | €59,665 | - | -€59,665 | |
| Amounts payable | 17/49 | €20,815 | €87,578 | +€66,763 | +321% |
| Amounts payable within one year | 42/48 | €20,815 | €87,578 | +€66,763 | +321% |
| Trade debts | 44 | €1,703 | €1,628 | -€75 | -4.4% |
| Suppliers | 440/4 | €1,703 | €1,628 | -€75 | -4.4% |
| Taxes, remuneration and social security | 45 | €18,571 | €32,835 | +€14,264 | +76.8% |
| Taxes | 450/3 | €15,886 | €27,463 | +€11,578 | +72.9% |
| Remuneration and social security | 454/9 | €2,686 | €5,372 | +€2,686 | +100% |
| Other amounts payable | 47/48 | €540 | €53,115 | +€52,574 | +9,730% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,000 | €4,000 | = | 0.0% |
| Other operating charges | 640/8 | €639 | €1,273 | +€633 | +99.0% |
| Gross operating margin | 9900 | €51,004 | €82,258 | +€31,254 | +61.3% |
| Operating profit (loss) | 9901 | €46,365 | €76,985 | +€30,621 | +66.0% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €149 | €211 | +€63 | +42.2% |
| Recurring financial charges | 65 | €149 | €211 | +€63 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €46,222 | €76,774 | +€30,552 | +66.1% |
| Income taxes | 67/77 | €10,610 | €17,215 | +€6,605 | +62.3% |
| Profit (loss) for the period | 9904 | €35,612 | €59,559 | +€23,947 | +67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,612 | €59,559 | +€23,947 | +67.2% |
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.