LAUB: 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.
LAUB
Largest movements
- Receivables within one year -€111,454
down €111,454 (-39.5%), from €282,422 to €170,968
of which Trade receivables: -€109,621
- Deferred charges and accrued income -€7,320
no longer reported in 2025 (was €7,320)
- Cash +€5,231
up €5,231 (+49.4%), from €10,579 to €15,810
mainly Net result for the year (+€113,425) and Receivables within one year (+€111,454)
- Advances received -€124,339
down €124,339 (-60.5%), from €205,472 to €81,133
- Profit (loss) carried forward +€113,425
up €113,425 (+28.0%), from -€405,063 to -€291,638
- Other debts -€111,086
down €111,086 (-75.4%), from €147,262 to €36,176
- Trade debts +€4,793
up €4,793 (+5.1%), from €94,555 to €99,348
- Gross operating margin +€96,145
up €96,145 (+130.7%), from €73,579 to €169,724
- Depreciation -€4,616
down €4,616 (-69.3%), from €6,665 to €2,049
- Staff costs -€3,818
down €3,818 (-6.7%), from €57,144 to €53,326
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €333,832 | €218,241 | -€115,591 | -34.6% |
| Fixed assets | 21/28 | €8,271 | €6,223 | -€2,048 | -24.8% |
| Tangible fixed assets | 22/27 | €5,301 | €3,253 | -€2,048 | -38.6% |
| Plant, machinery and equipment | 23 | €3,666 | €2,750 | -€916 | -25.0% |
| Furniture and vehicles | 24 | €1,260 | €503 | -€757 | -60.1% |
| Other tangible fixed assets | 26 | €375 | - | -€375 | |
| Financial fixed assets | 28 | €2,970 | €2,970 | = | 0.0% |
| Current assets | 29/58 | €325,561 | €212,018 | -€113,543 | -34.9% |
| Stocks and contracts in progress | 3 | €25,240 | €25,240 | = | 0.0% |
| Stocks | 30/36 | €25,240 | €25,240 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €282,422 | €170,968 | -€111,454 | -39.5% |
| Trade receivables | 40 | €279,595 | €169,974 | -€109,621 | -39.2% |
| Other amounts receivable | 41 | €2,827 | €994 | -€1,833 | -64.8% |
| Cash at bank and in hand | 54/58 | €10,579 | €15,810 | +€5,231 | +49.4% |
| Deferred charges and accrued income | 490/1 | €7,320 | - | -€7,320 | |
| Total equity and liabilities | 10/49 | €333,832 | €218,241 | -€115,591 | -34.6% |
| Equity | 10/15 | -€119,881 | -€6,456 | +€113,425 | +94.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €266,582 | €266,582 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €264,722 | €264,722 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€405,063 | -€291,638 | +€113,425 | +28.0% |
| Amounts payable | 17/49 | €453,713 | €224,697 | -€229,016 | -50.5% |
| Amounts payable within one year | 42/48 | €453,713 | €224,286 | -€229,427 | -50.6% |
| Trade debts | 44 | €94,555 | €99,348 | +€4,793 | +5.1% |
| Suppliers | 440/4 | €94,555 | €99,348 | +€4,793 | +5.1% |
| Advances received on contracts in progress | 46 | €205,472 | €81,133 | -€124,339 | -60.5% |
| Taxes, remuneration and social security | 45 | €6,424 | €7,629 | +€1,205 | +18.8% |
| Remuneration and social security | 454/9 | €6,424 | €7,629 | +€1,205 | +18.8% |
| Other amounts payable | 47/48 | €147,262 | €36,176 | -€111,086 | -75.4% |
| Accrued charges and deferred income | 492/3 | - | €411 | +€411 | |
| Remuneration, social security and pensions | 62 | €57,144 | €53,326 | -€3,818 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,665 | €2,049 | -€4,616 | -69.3% |
| Other operating charges | 640/8 | €401 | €387 | -€14 | -3.5% |
| Gross operating margin | 9900 | €73,579 | €169,724 | +€96,145 | +130.7% |
| Operating profit (loss) | 9901 | €9,369 | €113,962 | +€104,593 | +1116.4% |
| Financial income | 75/76B | €3 | €8 | +€5 | +166.7% |
| Recurring financial income | 75 | €3 | €8 | +€5 | +166.7% |
| Financial charges | 65/66B | €516 | €545 | +€29 | +5.6% |
| Recurring financial charges | 65 | €516 | €545 | +€29 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €8,856 | €113,425 | +€104,569 | +1180.8% |
| Profit (loss) for the period | 9904 | €8,856 | €113,425 | +€104,569 | +1180.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,856 | €113,425 | +€104,569 | +1180.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.