LAU14: 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.
LAU14
Largest movements
- Cash -€19,957
down €19,957 (-69.3%), from €28,811 to €8,854
mainly Other debts (-€14,875) and Net result for the year (-€13,387)
- Tangible fixed assets -€11,890
down €11,890 (-29.7%), from €40,094 to €28,204
of which Furniture and vehicles: -€9,905
- Receivables within one year -€10,099
down €10,099 (-30.4%), from €33,181 to €23,082
of which Other amounts receivable: -€5,858
- Deferred charges and accrued income -€2,824
down €2,824 (-58.5%), from €4,826 to €2,002
- Other debts -€14,875
no longer reported in 2025 (was €14,875)
- Profit (loss) carried forward -€13,387
new in 2025: -€13,387
- Debts after one year -€7,738
down €7,738 (-36.1%), from €21,425 to €13,687
- Tax, wage and social debts -€3,767
down €3,767 (-45.3%), from €8,309 to €4,542
- Reserves -€3,245
down €3,245 (-11.1%), from €29,203 to €25,958
- Gross operating margin -€33,210
down €33,210 (-96.3%), from €34,488 to €1,278
- Taxes -€4,142
down €4,142 (-92.6%), from €4,471 to €329
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 | €106,912 | €62,142 | -€44,770 | -41.9% |
| Fixed assets | 21/28 | €40,094 | €28,204 | -€11,890 | -29.7% |
| Tangible fixed assets | 22/27 | €40,094 | €28,204 | -€11,890 | -29.7% |
| Plant, machinery and equipment | 23 | €2,160 | €1,026 | -€1,134 | -52.5% |
| Furniture and vehicles | 24 | €36,231 | €26,326 | -€9,905 | -27.3% |
| Other tangible fixed assets | 26 | €1,703 | €852 | -€851 | -50.0% |
| Current assets | 29/58 | €66,818 | €33,938 | -€32,880 | -49.2% |
| Amounts receivable within one year | 40/41 | €33,181 | €23,082 | -€10,099 | -30.4% |
| Trade receivables | 40 | €25,652 | €21,411 | -€4,241 | -16.5% |
| Other amounts receivable | 41 | €7,529 | €1,671 | -€5,858 | -77.8% |
| Cash at bank and in hand | 54/58 | €28,811 | €8,854 | -€19,957 | -69.3% |
| Deferred charges and accrued income | 490/1 | €4,826 | €2,002 | -€2,824 | -58.5% |
| Total equity and liabilities | 10/49 | €106,912 | €62,142 | -€44,770 | -41.9% |
| Equity | 10/15 | €47,803 | €31,171 | -€16,632 | -34.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,203 | €25,958 | -€3,245 | -11.1% |
| Distributable reserves | 133 | €29,203 | €25,958 | -€3,245 | -11.1% |
| Profit (loss) carried forward | 14 | - | -€13,387 | -€13,387 | |
| Amounts payable | 17/49 | €59,109 | €30,971 | -€28,138 | -47.6% |
| Amounts payable after more than one year | 17 | €21,425 | €13,687 | -€7,738 | -36.1% |
| Financial debts | 170/4 | €21,425 | €13,687 | -€7,738 | -36.1% |
| Amounts payable within one year | 42/48 | €37,684 | €17,284 | -€20,400 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €7,401 | €7,738 | +€337 | +4.6% |
| Trade debts | 44 | €7,099 | €5,004 | -€2,095 | -29.5% |
| Suppliers | 440/4 | €7,099 | €5,004 | -€2,095 | -29.5% |
| Taxes, remuneration and social security | 45 | €8,309 | €4,542 | -€3,767 | -45.3% |
| Taxes | 450/3 | €8,309 | €4,542 | -€3,767 | -45.3% |
| Other amounts payable | 47/48 | €14,875 | - | -€14,875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,232 | €11,890 | -€342 | -2.8% |
| Other operating charges | 640/8 | €1,316 | €1,106 | -€210 | -16.0% |
| Gross operating margin | 9900 | €34,488 | €1,278 | -€33,210 | -96.3% |
| Operating profit (loss) | 9901 | €20,940 | -€11,718 | -€32,658 | |
| Financial charges | 65/66B | €1,660 | €1,340 | -€320 | -19.3% |
| Recurring financial charges | 65 | €1,660 | €1,340 | -€320 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €19,280 | -€13,058 | -€32,338 | |
| Income taxes | 67/77 | €4,471 | €329 | -€4,142 | -92.6% |
| Profit (loss) for the period | 9904 | €14,809 | -€13,387 | -€28,196 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,809 | -€13,387 | -€28,196 |
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 18 October 2026 via checked.be.