LAUDATUM: 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.
LAUDATUM
Largest movements
- Current investments +€15,633
up €15,633 (+7.4%), from €211,359 to €226,992
- Receivables after one year -€14,119
down €14,119 (-100.0%), from €14,119 to €0
of which Trade receivables: -€14,119
- Cash +€13,830
up €13,830 (+39.3%), from €35,224 to €49,054
mainly Other debts (+€79,814) and Net result for the year (+€60,155)
- Tangible fixed assets -€8,622
down €8,622 (-23.6%), from €36,550 to €27,928
of which Furniture and vehicles: -€7,750
- Receivables within one year -€4,576
down €4,576 (-17.4%), from €26,259 to €21,683
of which Trade receivables: -€9,763
- Reserves -€85,653
down €85,653 (-29.7%), from €288,361 to €202,708
- Other debts +€79,814
new in 2025: €79,814
- Tax, wage and social debts +€8,555
up €8,555 (+124.1%), from €6,892 to €15,447
of which Taxes: +€8,555
- Gross operating margin +€64,596
up €64,596 (+574.3%), from €11,248 to €75,844
- Taxes +€20,409
up €20,409 (+2446.1%), from €834 to €21,244
- Financial income +€8,575
up €8,575 (+73.3%), from €11,705 to €20,279
of which Financial income: +€14,087
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 | €323,633 | €325,783 | +€2,151 | +0.7% |
| Fixed assets | 21/28 | €36,550 | €27,928 | -€8,622 | -23.6% |
| Tangible fixed assets | 22/27 | €36,550 | €27,928 | -€8,622 | -23.6% |
| Plant, machinery and equipment | 23 | €2,324 | €1,452 | -€872 | -37.5% |
| Furniture and vehicles | 24 | €34,226 | €26,476 | -€7,750 | -22.6% |
| Current assets | 29/58 | €287,083 | €297,855 | +€10,773 | +3.8% |
| Amounts receivable after more than one year | 29 | €14,119 | €0 | -€14,119 | -100.0% |
| Trade receivables | 290 | €14,119 | €0 | -€14,119 | -100.0% |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €26,259 | €21,683 | -€4,576 | -17.4% |
| Trade receivables | 40 | €23,441 | €13,678 | -€9,763 | -41.7% |
| Other amounts receivable | 41 | €2,818 | €8,005 | +€5,188 | +184.1% |
| Current investments | 50/53 | €211,359 | €226,992 | +€15,633 | +7.4% |
| Cash at bank and in hand | 54/58 | €35,224 | €49,054 | +€13,830 | +39.3% |
| Deferred charges and accrued income | 490/1 | €121 | €126 | +€5 | +4.5% |
| Total equity and liabilities | 10/49 | €323,633 | €325,783 | +€2,151 | +0.7% |
| Equity | 10/15 | €314,711 | €229,058 | -€85,653 | -27.2% |
| Contributions | 10/11 | €26,350 | €26,350 | = | 0.0% |
| Reserves | 13 | €288,361 | €202,708 | -€85,653 | -29.7% |
| Distributable reserves | 133 | €288,361 | €202,708 | -€85,653 | -29.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,922 | €96,725 | +€87,803 | +984.1% |
| Amounts payable within one year | 42/48 | €8,922 | €96,725 | +€87,803 | +984.1% |
| Financial debts | 43 | - | €32 | +€32 | |
| Credit institutions | 430/8 | - | €32 | +€32 | |
| Trade debts | 44 | €2,030 | €1,432 | -€598 | -29.5% |
| Suppliers | 440/4 | €2,030 | €1,432 | -€598 | -29.5% |
| Taxes, remuneration and social security | 45 | €6,892 | €15,447 | +€8,555 | +124.1% |
| Taxes | 450/3 | €4,867 | €13,422 | +€8,555 | +175.8% |
| Remuneration and social security | 454/9 | €2,025 | €2,025 | = | 0.0% |
| Other amounts payable | 47/48 | - | €79,814 | +€79,814 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,206 | €11,443 | +€237 | +2.1% |
| Other operating charges | 640/8 | €1,312 | €1,427 | +€115 | +8.7% |
| Gross operating margin | 9900 | €11,248 | €75,844 | +€64,596 | +574.3% |
| Operating profit (loss) | 9901 | -€1,270 | €62,975 | +€64,244 | |
| Financial income | 75/76B | €11,705 | €20,279 | +€8,575 | +73.3% |
| Recurring financial income | 75 | €6,192 | €20,279 | +€14,087 | +227.5% |
| Non-recurring financial income | 76B | €5,513 | €0 | -€5,513 | -100.0% |
| Financial charges | 65/66B | €1,843 | €1,855 | +€11 | +0.6% |
| Recurring financial charges | 65 | €1,843 | €1,855 | +€11 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €8,592 | €81,399 | +€72,807 | +847.4% |
| Income taxes | 67/77 | €834 | €21,244 | +€20,409 | +2446.1% |
| Profit (loss) for the period | 9904 | €7,757 | €60,155 | +€52,398 | +675.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,757 | €60,155 | +€52,398 | +675.5% |
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 11 October 2026 via checked.be.