LAUCO: 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.
LAUCO
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+214%), from €657,863 to €2.1m
of which Trade receivables: +€1.0m
- Cash -€476,494
down €476,494 (-30.8%), from €1.5m to €1.1m
mainly Receivables within one year (-€1.4m) and Other debts (-€538,111)
- Trade debts +€1.1m
up €1.1m (+769%), from €142,398 to €1.2m
- Other debts -€538,111
down €538,111 (-60.1%), from €895,203 to €357,091
- Profit (loss) carried forward +€459,689
up €459,689 (+223%), from €205,950 to €665,638
- Reserves -€118,963
down €118,963 (-19.9%), from €597,715 to €478,752
- Provisions -€568,650
no longer reported in 2025 (was €568,650)
- Gross operating margin -€205,065
down €205,065 (-19.4%), from €1.1m to €850,994
- Financial income -€131,897
down €131,897 (-96.9%), from €136,085 to €4,188
- Taxes +€74,105
up €74,105 (+95.3%), from €77,719 to €151,825
- Staff costs -€54,676
down €54,676 (-20.5%), from €267,166 to €212,491
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 | €2,685,849 | €3,570,952 | +€885,103 | +33.0% |
| Fixed assets | 21/28 | €63,366 | €55,228 | -€8,138 | -12.8% |
| Tangible fixed assets | 22/27 | €33,147 | €30,438 | -€2,709 | -8.2% |
| Plant, machinery and equipment | 23 | €13,143 | €12,957 | -€186 | -1.4% |
| Other tangible fixed assets | 26 | €20,004 | €17,481 | -€2,523 | -12.6% |
| Financial fixed assets | 28 | €30,218 | €24,790 | -€5,429 | -18.0% |
| Current assets | 29/58 | €2,622,483 | €3,515,724 | +€893,241 | +34.1% |
| Stocks and contracts in progress | 3 | €400,141 | €368,701 | -€31,440 | -7.9% |
| Stocks | 30/36 | €400,141 | €368,701 | -€31,440 | -7.9% |
| Amounts receivable within one year | 40/41 | €657,863 | €2,067,483 | +€1.4m | +214% |
| Trade receivables | 40 | €398,493 | €1,402,208 | +€1.0m | +252% |
| Other amounts receivable | 41 | €259,370 | €665,275 | +€405,905 | +156% |
| Cash at bank and in hand | 54/58 | €1,549,236 | €1,072,743 | -€476,494 | -30.8% |
| Deferred charges and accrued income | 490/1 | €15,243 | €6,797 | -€8,446 | -55.4% |
| Total equity and liabilities | 10/49 | €2,685,849 | €3,570,952 | +€885,103 | +33.0% |
| Equity | 10/15 | €822,265 | €1,162,990 | +€340,725 | +41.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €597,715 | €478,752 | -€118,963 | -19.9% |
| Distributable reserves | 133 | €597,715 | €478,752 | -€118,963 | -19.9% |
| Profit (loss) carried forward | 14 | €205,950 | €665,638 | +€459,689 | +223% |
| Provisions and deferred taxes | 16 | €768,000 | €768,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €768,000 | €768,000 | = | 0.0% |
| Environmental obligations | 163 | €768,000 | €768,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,095,584 | €1,639,962 | +€544,378 | +49.7% |
| Amounts payable within one year | 42/48 | €1,095,583 | €1,639,962 | +€544,379 | +49.7% |
| Financial debts | 43 | €2,066 | €1,417 | -€649 | -31.4% |
| Credit institutions | 430/8 | €2,066 | €1,417 | -€649 | -31.4% |
| Trade debts | 44 | €142,398 | €1,237,752 | +€1.1m | +769% |
| Suppliers | 440/4 | €142,398 | €1,237,752 | +€1.1m | +769% |
| Taxes, remuneration and social security | 45 | €55,916 | €43,701 | -€12,215 | -21.8% |
| Taxes | 450/3 | €51,998 | €31,132 | -€20,866 | -40.1% |
| Remuneration and social security | 454/9 | €3,918 | €12,569 | +€8,651 | +221% |
| Other amounts payable | 47/48 | €895,203 | €357,091 | -€538,111 | -60.1% |
| Accrued charges and deferred income | 492/3 | €2 | - | -€2 | |
| Non-recurring operating income | 76A | - | €177,852 | +€177,852 | |
| Remuneration, social security and pensions | 62 | €267,166 | €212,491 | -€54,676 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,011 | €7,662 | -€1,349 | -15.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €568,650 | - | -€568,650 | |
| Other operating charges | 640/8 | €1,893 | €14,363 | +€12,470 | +659% |
| Gross operating margin | 9900 | €1,056,059 | €850,994 | -€205,065 | -19.4% |
| Operating profit (loss) | 9901 | €209,339 | €616,478 | +€407,139 | +194% |
| Financial income | 75/76B | €136,085 | €4,188 | -€131,897 | -96.9% |
| Recurring financial income | 75 | €136,085 | €4,188 | -€131,897 | -96.9% |
| Financial charges | 65/66B | €1,217 | €9,153 | +€7,936 | +652% |
| Recurring financial charges | 65 | €1,217 | €9,153 | +€7,936 | +652% |
| Profit (loss) for the period before taxes | 9903 | €344,206 | €611,513 | +€267,307 | +77.7% |
| Income taxes | 67/77 | €77,719 | €151,825 | +€74,105 | +95.3% |
| Profit (loss) for the period | 9904 | €266,487 | €459,689 | +€193,201 | +72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €266,487 | €459,689 | +€193,201 | +72.5% |
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.