LAUDESC: 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.
LAUDESC
Largest movements
- Cash +€985,833
up €985,833 (+272%), from €362,333 to €1.3m
mainly Current investments (+€600,000) and Receivables within one year (+€366,013)
- Current investments -€600,000
no longer reported in 2025 (was €600,000)
- Receivables within one year -€366,013
down €366,013 (-88.4%), from €414,198 to €48,185
of which Other amounts receivable: -€370,458
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€36,864
down €36,864 (-57.0%), from €64,642 to €27,778
- Taxes -€9,260
down €9,260 (-71.8%), from €12,892 to €3,632
- Other operating charges -€8,616
down €8,616 (-60.1%), from €14,341 to €5,725
- Financial income -€4,432
down €4,432 (-17.9%), from €24,758 to €20,325
- Depreciation +€4,312
up €4,312 (+12.3%), from €35,108 to €39,420
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 | €1,787,646 | €1,795,130 | +€7,484 | +0.4% |
| Fixed assets | 21/28 | €297,725 | €293,002 | -€4,723 | -1.6% |
| Tangible fixed assets | 22/27 | €297,725 | €293,002 | -€4,723 | -1.6% |
| Land and buildings | 22 | €287,616 | €254,075 | -€33,541 | -11.7% |
| Furniture and vehicles | 24 | €10,109 | €38,927 | +€28,818 | +285% |
| Current assets | 29/58 | €1,489,921 | €1,502,128 | +€12,207 | +0.8% |
| Amounts receivable after more than one year | 29 | €105,417 | €98,526 | -€6,891 | -6.5% |
| Other amounts receivable | 291 | €105,417 | €98,526 | -€6,891 | -6.5% |
| Amounts receivable within one year | 40/41 | €414,198 | €48,185 | -€366,013 | -88.4% |
| Trade receivables | 40 | €7,665 | €12,110 | +€4,445 | +58.0% |
| Other amounts receivable | 41 | €406,533 | €36,075 | -€370,458 | -91.1% |
| Current investments | 50/53 | €600,000 | - | -€600,000 | |
| Cash at bank and in hand | 54/58 | €362,333 | €1,348,167 | +€985,833 | +272% |
| Deferred charges and accrued income | 490/1 | €7,973 | €7,250 | -€723 | -9.1% |
| Total equity and liabilities | 10/49 | €1,787,646 | €1,795,130 | +€7,484 | +0.4% |
| Equity | 10/15 | €1,777,593 | €1,774,487 | -€3,106 | -0.2% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €33,600 | €33,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,600 | €3,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,663,993 | €1,660,887 | -€3,106 | -0.2% |
| Amounts payable | 17/49 | €10,053 | €20,643 | +€10,590 | +105% |
| Amounts payable within one year | 42/48 | €10,053 | €20,643 | +€10,590 | +105% |
| Trade debts | 44 | €3,501 | €17,405 | +€13,905 | +397% |
| Suppliers | 440/4 | €3,501 | €17,405 | +€13,905 | +397% |
| Taxes, remuneration and social security | 45 | €5,800 | €3,238 | -€2,562 | -44.2% |
| Remuneration and social security | 454/9 | €5,800 | €3,238 | -€2,562 | -44.2% |
| Other amounts payable | 47/48 | €752 | - | -€752 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,108 | €39,420 | +€4,312 | +12.3% |
| Other operating charges | 640/8 | €14,341 | €5,725 | -€8,616 | -60.1% |
| Gross operating margin | 9900 | €64,642 | €27,778 | -€36,864 | -57.0% |
| Operating profit (loss) | 9901 | €15,193 | -€17,367 | -€32,560 | |
| Financial income | 75/76B | €24,758 | €20,325 | -€4,432 | -17.9% |
| Recurring financial income | 75 | €24,758 | €20,325 | -€4,432 | -17.9% |
| Financial charges | 65/66B | €2,035 | €2,433 | +€398 | +19.5% |
| Recurring financial charges | 65 | €2,035 | €2,433 | +€398 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €37,915 | €525 | -€37,390 | -98.6% |
| Income taxes | 67/77 | €12,892 | €3,632 | -€9,260 | -71.8% |
| Profit (loss) for the period | 9904 | €25,024 | -€3,106 | -€28,130 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,024 | -€3,106 | -€28,130 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.