LAUDANEL: 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.
LAUDANEL
Largest movements
- Current investments -€7,858
down €7,858 (-28.8%), from €27,330 to €19,472
- Tangible fixed assets -€2,380
down €2,380 (-47.7%), from €4,992 to €2,611
of which Land and buildings: -€1,306
- Cash +€693
up €693 (+160%), from €433 to €1,126
mainly Current investments (+€7,858) and Depreciation (+€1,306)
- Profit (loss) carried forward -€9,847
down €9,847 (-14.5%), from -€67,728 to -€77,575
- Trade debts +€737
up €737 (+139%), from €531 to €1,268
- Other operating charges +€1,350
up €1,350 (+43.7%), from €3,091 to €4,441
- Gross operating margin -€500
down €500 (-13.2%), from -€3,778 to -€4,277
- Financial income -€134
down €134 (-36.6%), from €365 to €231
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 | €34,512 | €25,293 | -€9,219 | -26.7% |
| Fixed assets | 21/28 | €4,992 | €2,611 | -€2,380 | -47.7% |
| Tangible fixed assets | 22/27 | €4,992 | €2,611 | -€2,380 | -47.7% |
| Land and buildings | 22 | €3,917 | €2,611 | -€1,306 | -33.3% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €1,075 | €0 | -€1,075 | -100% |
| Current assets | 29/58 | €29,520 | €22,682 | -€6,839 | -23.2% |
| Amounts receivable within one year | 40/41 | €761 | €1,104 | +€343 | +45.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €761 | €1,104 | +€343 | +45.1% |
| Current investments | 50/53 | €27,330 | €19,472 | -€7,858 | -28.8% |
| Cash at bank and in hand | 54/58 | €433 | €1,126 | +€693 | +160% |
| Deferred charges and accrued income | 490/1 | €997 | €980 | -€17 | -1.7% |
| Total equity and liabilities | 10/49 | €34,512 | €25,293 | -€9,219 | -26.7% |
| Equity | 10/15 | €33,872 | €24,025 | -€9,847 | -29.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,600 | €1,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,600 | €1,600 | = | 0.0% |
| Legal reserve | 130 | €1,600 | €1,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,728 | -€77,575 | -€9,847 | -14.5% |
| Investment grants | 15 | - | €0 | = | |
| Amounts payable | 17/49 | €640 | €1,268 | +€628 | +98.2% |
| Amounts payable within one year | 42/48 | €640 | €1,268 | +€628 | +98.2% |
| Trade debts | 44 | €531 | €1,268 | +€737 | +139% |
| Suppliers | 440/4 | €531 | €1,268 | +€737 | +139% |
| Other amounts payable | 47/48 | €108 | - | -€108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,306 | €1,306 | = | 0.0% |
| Other operating charges | 640/8 | €3,091 | €4,441 | +€1,350 | +43.7% |
| Non-recurring operating charges | 66A | €5,607 | - | -€5,607 | |
| Gross operating margin | 9900 | -€3,778 | -€4,277 | -€500 | -13.2% |
| Operating profit (loss) | 9901 | -€13,781 | -€10,024 | +€3,757 | +27.3% |
| Financial income | 75/76B | €365 | €231 | -€134 | -36.6% |
| Recurring financial income | 75 | €365 | €231 | -€134 | -36.6% |
| Financial charges | 65/66B | €56 | €55 | -€1 | -1.7% |
| Recurring financial charges | 65 | €56 | €55 | -€1 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,472 | -€9,847 | +€3,624 | +26.9% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€13,472 | -€9,847 | +€3,624 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,472 | -€9,847 | +€3,624 | +26.9% |
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 14 October 2026 via checked.be.