LAUDECAREL: 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.
LAUDECAREL
Largest movements
- Cash +€131,553
up €131,553 (+354%), from €37,189 to €168,743
mainly Other debts (+€121,596) and Current investments (+€87,304)
- Current investments -€87,304
down €87,304 (-15.4%), from €567,956 to €480,652
- Tangible fixed assets -€9,555
down €9,555 (-11.3%), from €84,342 to €74,787
of which Plant, machinery and equipment: -€5,861
- Other debts +€121,596
up €121,596, from €0 to €121,596
- Reserves -€84,862
down €84,862 (-32.4%), from €262,080 to €177,219
of which Distributable reserves: -€86,244
- Financial charges +€7,549
up €7,549 (+1,049%), from €720 to €8,268
- Gross operating margin +€5,565
up €5,565 (+8.0%), from €69,812 to €75,378
- Financial income +€1,709
up €1,709 (+9.7%), from €17,688 to €19,398
- Other operating charges +€1,320
up €1,320 (+14.2%), from €9,327 to €10,647
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 | €704,272 | €740,347 | +€36,075 | +5.1% |
| Fixed assets | 21/28 | €84,342 | €74,787 | -€9,555 | -11.3% |
| Tangible fixed assets | 22/27 | €84,342 | €74,787 | -€9,555 | -11.3% |
| Land and buildings | 22 | €24,635 | €22,495 | -€2,140 | -8.7% |
| Plant, machinery and equipment | 23 | €53,260 | €47,399 | -€5,861 | -11.0% |
| Furniture and vehicles | 24 | €970 | €1,395 | +€426 | +43.9% |
| Other tangible fixed assets | 26 | €5,478 | €3,498 | -€1,980 | -36.1% |
| Current assets | 29/58 | €619,929 | €665,560 | +€45,630 | +7.4% |
| Amounts receivable within one year | 40/41 | €8,223 | €8,496 | +€274 | +3.3% |
| Trade receivables | 40 | €5,876 | €2,910 | -€2,966 | -50.5% |
| Other amounts receivable | 41 | €2,347 | €5,586 | +€3,240 | +138% |
| Current investments | 50/53 | €567,956 | €480,652 | -€87,304 | -15.4% |
| Cash at bank and in hand | 54/58 | €37,189 | €168,743 | +€131,553 | +354% |
| Deferred charges and accrued income | 490/1 | €6,561 | €7,668 | +€1,107 | +16.9% |
| Total equity and liabilities | 10/49 | €704,272 | €740,347 | +€36,075 | +5.1% |
| Equity | 10/15 | €687,080 | €602,219 | -€84,862 | -12.4% |
| Contributions | 10/11 | €425,000 | €425,000 | = | 0.0% |
| Capital | 10 | €425,000 | €425,000 | = | 0.0% |
| Issued capital | 100 | €425,000 | €425,000 | = | 0.0% |
| Reserves | 13 | €262,080 | €177,219 | -€84,862 | -32.4% |
| Non-distributable reserves | 130/1 | €23,670 | €25,052 | +€1,382 | +5.8% |
| Legal reserve | 130 | €23,670 | €25,052 | +€1,382 | +5.8% |
| Distributable reserves | 133 | €238,410 | €152,167 | -€86,244 | -36.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €17,191 | €138,128 | +€120,937 | +703% |
| Amounts payable within one year | 42/48 | €10,042 | €136,857 | +€126,814 | +1,263% |
| Trade debts | 44 | €613 | €5,753 | +€5,140 | +839% |
| Suppliers | 440/4 | €613 | €5,753 | +€5,140 | +839% |
| Taxes, remuneration and social security | 45 | €9,430 | €9,507 | +€77 | +0.8% |
| Taxes | 450/3 | €9,430 | €9,507 | +€77 | +0.8% |
| Other amounts payable | 47/48 | €0 | €121,596 | +€121,596 | |
| Accrued charges and deferred income | 492/3 | €7,149 | €1,271 | -€5,878 | -82.2% |
| Non-recurring operating income | 76A | €726 | €77 | -€649 | -89.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,356 | €11,981 | -€374 | -3.0% |
| Other operating charges | 640/8 | €9,327 | €10,647 | +€1,320 | +14.2% |
| Non-recurring operating charges | 66A | €85 | €113 | +€28 | +33.2% |
| Gross operating margin | 9900 | €69,812 | €75,378 | +€5,565 | +8.0% |
| Operating profit (loss) | 9901 | €48,045 | €52,636 | +€4,592 | +9.6% |
| Financial income | 75/76B | €17,688 | €19,398 | +€1,709 | +9.7% |
| Recurring financial income | 75 | €17,688 | €19,398 | +€1,709 | +9.7% |
| Financial charges | 65/66B | €720 | €8,268 | +€7,549 | +1,049% |
| Recurring financial charges | 65 | €720 | €8,268 | +€7,549 | +1,049% |
| Profit (loss) for the period before taxes | 9903 | €65,013 | €63,766 | -€1,248 | -1.9% |
| Income taxes | 67/77 | €22,129 | €22,212 | +€83 | +0.4% |
| Profit (loss) for the period | 9904 | €42,885 | €41,554 | -€1,331 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,885 | €41,554 | -€1,331 | -3.1% |
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 20 October 2026 via checked.be.