LAUDUS IMMO: 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.
LAUDUS IMMO
Largest movements
- Cash -€305,195
down €305,195 (-79.3%), from €384,632 to €79,437
mainly Investment in fixed assets (net) (-€321,000) and Tax, wage and social debts (-€60,874)
- Tangible fixed assets +€300,221
up €300,221 (+33.7%), from €890,604 to €1.2m
- Receivables within one year -€16,096
down €16,096 (-29.8%), from €54,048 to €37,953
of which Trade receivables: -€22,500
- Debts after one year +€108,576
up €108,576 (+14.5%), from €746,452 to €855,028
of which Financial debts: +€86,376
- Tax, wage and social debts -€60,874
no longer reported in 2025 (was €60,874)
- Profit (loss) carried forward -€46,558
down €46,558 (-93.2%), from -€49,957 to -€96,515
- Depreciation +€11,073
up €11,073 (+114%), from €9,706 to €20,779
- Gross operating margin +€7,699
up €7,699 (+40.0%), from -€19,270 to -€11,571
- Financial charges -€7,036
down €7,036 (-40.4%), from €17,404 to €10,368
- Other operating charges +€264
up €264 (+7.4%), from €3,577 to €3,841
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 | €1,330,890 | €1,310,196 | -€20,694 | -1.6% |
| Fixed assets | 21/28 | €891,604 | €1,191,826 | +€300,221 | +33.7% |
| Tangible fixed assets | 22/27 | €890,604 | €1,190,826 | +€300,221 | +33.7% |
| Land and buildings | 22 | €890,604 | €1,190,826 | +€300,221 | +33.7% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €439,285 | €118,370 | -€320,915 | -73.1% |
| Amounts receivable within one year | 40/41 | €54,048 | €37,953 | -€16,096 | -29.8% |
| Trade receivables | 40 | €22,500 | - | -€22,500 | |
| Other amounts receivable | 41 | €31,548 | €37,953 | +€6,404 | +20.3% |
| Cash at bank and in hand | 54/58 | €384,632 | €79,437 | -€305,195 | -79.3% |
| Deferred charges and accrued income | 490/1 | €605 | €980 | +€375 | +62.0% |
| Total equity and liabilities | 10/49 | €1,330,890 | €1,310,196 | -€20,694 | -1.6% |
| Equity | 10/15 | €422,783 | €376,225 | -€46,558 | -11.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €447,741 | €447,741 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €445,241 | €445,241 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,957 | -€96,515 | -€46,558 | -93.2% |
| Amounts payable | 17/49 | €908,107 | €933,970 | +€25,864 | +2.8% |
| Amounts payable after more than one year | 17 | €746,452 | €855,028 | +€108,576 | +14.5% |
| Financial debts | 170/4 | €168,652 | €255,028 | +€86,376 | +51.2% |
| Other amounts payable | 178/9 | €577,800 | €600,000 | +€22,200 | +3.8% |
| Amounts payable within one year | 42/48 | €161,655 | €78,943 | -€82,712 | -51.2% |
| Current portion of amounts payable after more than one year | 42 | €10,859 | €11,284 | +€425 | +3.9% |
| Trade debts | 44 | €57,666 | €44,846 | -€12,820 | -22.2% |
| Suppliers | 440/4 | €57,666 | €44,846 | -€12,820 | -22.2% |
| Taxes, remuneration and social security | 45 | €60,874 | - | -€60,874 | |
| Taxes | 450/3 | €60,874 | - | -€60,874 | |
| Other amounts payable | 47/48 | €32,255 | €22,813 | -€9,442 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,706 | €20,779 | +€11,073 | +114% |
| Other operating charges | 640/8 | €3,577 | €3,841 | +€264 | +7.4% |
| Gross operating margin | 9900 | -€19,270 | -€11,571 | +€7,699 | +40.0% |
| Operating profit (loss) | 9901 | -€32,553 | -€36,191 | -€3,638 | -11.2% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €17,404 | €10,368 | -€7,036 | -40.4% |
| Recurring financial charges | 65 | €17,404 | €10,368 | -€7,036 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | -€49,957 | -€46,558 | +€3,399 | +6.8% |
| Profit (loss) for the period | 9904 | -€49,957 | -€46,558 | +€3,399 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,957 | -€46,558 | +€3,399 | +6.8% |
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 27 October 2026 via checked.be.