LAUDE: 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.
LAUDE
Largest movements
- Stocks and contracts +€96,434
up €96,434 (+45.9%), from €209,988 to €306,422
- Receivables within one year +€75,514
up €75,514 (+139%), from €54,155 to €129,669
of which Trade receivables: +€87,333
- Deferred charges and accrued income -€18,763
down €18,763 (-75.6%), from €24,803 to €6,040
- Trade debts +€363,010
up €363,010 (+52.2%), from €695,638 to €1.1m
- Profit (loss) carried forward -€186,281
down €186,281 (-40.0%), from -€465,708 to -€651,989
- Tax, wage and social debts -€23,303
down €23,303 (-22.1%), from €105,311 to €82,008
of which Taxes: -€11,846
- Turnover +€7.8m
new in 2025: €7.8m
- Purchases and services +€7.5m
new in 2025: €7.5m
- Staff costs +€91,306
up €91,306 (+16.8%), from €544,342 to €635,648
- Gross operating margin +€79,499
up €79,499 (+18.0%), from €441,091 to €520,590
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 | €350,765 | €503,027 | +€152,262 | +43.4% |
| Fixed assets | 21/28 | €7,250 | €7,310 | +€60 | +0.8% |
| Financial fixed assets | 28 | €7,250 | €7,310 | +€60 | +0.8% |
| Current assets | 29/58 | €343,515 | €495,717 | +€152,202 | +44.3% |
| Stocks and contracts in progress | 3 | €209,988 | €306,422 | +€96,434 | +45.9% |
| Stocks | 30/36 | €209,988 | €306,422 | +€96,434 | +45.9% |
| Amounts receivable within one year | 40/41 | €54,155 | €129,669 | +€75,514 | +139% |
| Trade receivables | 40 | €37,257 | €124,590 | +€87,333 | +234% |
| Other amounts receivable | 41 | €16,898 | €5,079 | -€11,819 | -69.9% |
| Cash at bank and in hand | 54/58 | €54,569 | €53,586 | -€983 | -1.8% |
| Deferred charges and accrued income | 490/1 | €24,803 | €6,040 | -€18,763 | -75.6% |
| Total equity and liabilities | 10/49 | €350,765 | €503,027 | +€152,262 | +43.4% |
| Equity | 10/15 | -€451,348 | -€637,629 | -€186,281 | -41.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€465,708 | -€651,989 | -€186,281 | -40.0% |
| Amounts payable | 17/49 | €802,113 | €1,140,656 | +€338,543 | +42.2% |
| Amounts payable within one year | 42/48 | €802,113 | €1,140,656 | +€338,543 | +42.2% |
| Trade debts | 44 | €695,638 | €1,058,648 | +€363,010 | +52.2% |
| Suppliers | 440/4 | €695,638 | €1,058,648 | +€363,010 | +52.2% |
| Taxes, remuneration and social security | 45 | €105,311 | €82,008 | -€23,303 | -22.1% |
| Taxes | 450/3 | €14,179 | €2,333 | -€11,846 | -83.5% |
| Remuneration and social security | 454/9 | €91,132 | €79,675 | -€11,457 | -12.6% |
| Other amounts payable | 47/48 | €1,164 | - | -€1,164 | |
| Turnover | 70 | - | €7,833,741 | +€7.8m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €7,467,867 | +€7.5m | |
| Remuneration, social security and pensions | 62 | €544,342 | €635,648 | +€91,306 | +16.8% |
| Other operating charges | 640/8 | €11,486 | €65,701 | +€54,215 | +472% |
| Gross operating margin | 9900 | €441,091 | €520,590 | +€79,499 | +18.0% |
| Operating profit (loss) | 9901 | -€114,737 | -€180,759 | -€66,022 | -57.5% |
| Financial income | 75/76B | €18 | €22 | +€4 | +22.2% |
| Recurring financial income | 75 | €18 | €22 | +€4 | +22.2% |
| Financial charges | 65/66B | €1,445 | €5,389 | +€3,944 | +273% |
| Recurring financial charges | 65 | €1,445 | €5,389 | +€3,944 | +273% |
| Profit (loss) for the period before taxes | 9903 | -€116,164 | -€186,126 | -€69,962 | -60.2% |
| Income taxes | 67/77 | €212 | €154 | -€58 | -27.4% |
| Profit (loss) for the period | 9904 | -€116,376 | -€186,280 | -€69,904 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€116,376 | -€186,280 | -€69,904 | -60.1% |
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.