LAUDES: what changed
Two fiscal 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.
LAUDES
Largest movements
- Receivables within one year -€209,227
down €209,227 (-83.7%), from €250,000 to €40,773
of which Other amounts receivable: -€246,536
- Current investments +€65,413
up €65,413 (+20.8%), from €315,000 to €380,413
- Cash +€11,529
up €11,529 (+15.3%), from €75,332 to €86,861
mainly Net result for the year (+€295,500) and Receivables within one year (+€209,227)
- Profit (loss) carried forward -€253,500
down €253,500 (-85.6%), from €296,253 to €42,752
- Other debts +€205,772
up €205,772 (+9421.7%), from €2,184 to €207,956
- Tax, wage and social debts -€94,165
down €94,165 (-82.9%), from €113,536 to €19,371
- Financial charges +€17,063
up €17,063 (+52.4%), from €32,550 to €49,613
- Gross operating margin +€14,491
up €14,491 (+3.5%), from €416,874 to €431,365
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 | €773,949 | €634,791 | -€139,158 | -18.0% |
| Fixed assets | 21/28 | €126,617 | €126,744 | +€128 | +0.1% |
| Tangible fixed assets | 22/27 | €1,617 | €1,744 | +€128 | +7.9% |
| Furniture and vehicles | 24 | €1,617 | €1,744 | +€128 | +7.9% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €647,332 | €508,046 | -€139,286 | -21.5% |
| Amounts receivable within one year | 40/41 | €250,000 | €40,773 | -€209,227 | -83.7% |
| Trade receivables | 40 | - | €37,308 | +€37,308 | |
| Other amounts receivable | 41 | €250,000 | €3,464 | -€246,536 | -98.6% |
| Current investments | 50/53 | €315,000 | €380,413 | +€65,413 | +20.8% |
| Cash at bank and in hand | 54/58 | €75,332 | €86,861 | +€11,529 | +15.3% |
| Deferred charges and accrued income | 490/1 | €7,000 | - | -€7,000 | |
| Total equity and liabilities | 10/49 | €773,949 | €634,791 | -€139,158 | -18.0% |
| Equity | 10/15 | €655,253 | €401,752 | -€253,500 | -38.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €358,000 | €358,000 | = | 0.0% |
| Distributable reserves | 133 | €358,000 | €358,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €296,253 | €42,752 | -€253,500 | -85.6% |
| Amounts payable | 17/49 | €118,696 | €233,038 | +€114,342 | +96.3% |
| Amounts payable within one year | 42/48 | €118,696 | €233,038 | +€114,342 | +96.3% |
| Trade debts | 44 | €2,976 | €5,711 | +€2,735 | +91.9% |
| Suppliers | 440/4 | €2,976 | €5,711 | +€2,735 | +91.9% |
| Taxes, remuneration and social security | 45 | €113,536 | €19,371 | -€94,165 | -82.9% |
| Taxes | 450/3 | €113,536 | €19,371 | -€94,165 | -82.9% |
| Other amounts payable | 47/48 | €2,184 | €207,956 | +€205,772 | +9421.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €713 | €781 | +€68 | +9.5% |
| Other operating charges | 640/8 | €2,838 | €2,432 | -€406 | -14.3% |
| Gross operating margin | 9900 | €416,874 | €431,365 | +€14,491 | +3.5% |
| Operating profit (loss) | 9901 | €413,322 | €428,152 | +€14,830 | +3.6% |
| Financial income | 75/76B | €8,438 | €11,817 | +€3,379 | +40.0% |
| Recurring financial income | 75 | €8,438 | €11,817 | +€3,379 | +40.0% |
| Financial charges | 65/66B | €32,550 | €49,613 | +€17,063 | +52.4% |
| Recurring financial charges | 65 | €32,550 | €49,613 | +€17,063 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | €389,210 | €390,355 | +€1,145 | +0.3% |
| Income taxes | 67/77 | €94,666 | €94,856 | +€190 | +0.2% |
| Profit (loss) for the period | 9904 | €294,544 | €295,500 | +€955 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €294,544 | €295,500 | +€955 | +0.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.