LAUFRE: 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.
LAUFRE
Largest movements
- Tangible fixed assets -€42,570
down €42,570 (-6.8%), from €626,794 to €584,223
of which Land and buildings: -€38,780
- Cash +€17,724
up €17,724 (+133.6%), from €13,267 to €30,990
mainly Depreciation (+€51,870) and Deferred charges and accrued income (+€13,885)
- Deferred charges and accrued income -€13,885
down €13,885 (-72.5%), from €19,139 to €5,254
- Receivables within one year -€12,067
down €12,067 (-77.1%), from €15,660 to €3,593
of which Other amounts receivable: -€7,711
- Intangible fixed assets -€9,300
down €9,300 (-21.6%), from €42,993 to €33,693
- Debts after one year -€38,826
down €38,826 (-24.5%), from €158,198 to €119,373
of which Financial debts: -€38,826
- Advances received -€15,318
down €15,318 (-100.0%), from €15,318 to €0
- Depreciation +€7,475
up €7,475 (+16.8%), from €44,395 to €51,870
- Gross operating margin +€6,132
up €6,132 (+9.8%), from €62,510 to €68,642
- Other operating charges +€3,227
up €3,227 (+107.0%), from €3,017 to €6,244
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 | €717,852 | €657,754 | -€60,099 | -8.4% |
| Fixed assets | 21/28 | €669,787 | €617,917 | -€51,870 | -7.7% |
| Intangible fixed assets | 21 | €42,993 | €33,693 | -€9,300 | -21.6% |
| Tangible fixed assets | 22/27 | €626,794 | €584,223 | -€42,570 | -6.8% |
| Land and buildings | 22 | €597,885 | €559,105 | -€38,780 | -6.5% |
| Plant, machinery and equipment | 23 | €12,482 | €9,782 | -€2,700 | -21.6% |
| Other tangible fixed assets | 26 | €16,426 | €15,336 | -€1,090 | -6.6% |
| Current assets | 29/58 | €48,065 | €39,837 | -€8,228 | -17.1% |
| Amounts receivable within one year | 40/41 | €15,660 | €3,593 | -€12,067 | -77.1% |
| Trade receivables | 40 | €7,950 | €3,593 | -€4,357 | -54.8% |
| Other amounts receivable | 41 | €7,711 | €0 | -€7,711 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,267 | €30,990 | +€17,724 | +133.6% |
| Deferred charges and accrued income | 490/1 | €19,139 | €5,254 | -€13,885 | -72.5% |
| Total equity and liabilities | 10/49 | €717,852 | €657,754 | -€60,099 | -8.4% |
| Equity | 10/15 | -€58,344 | -€54,953 | +€3,391 | +5.8% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,344 | -€134,953 | +€3,391 | +2.5% |
| Amounts payable | 17/49 | €776,196 | €712,707 | -€63,489 | -8.2% |
| Amounts payable after more than one year | 17 | €158,198 | €119,373 | -€38,826 | -24.5% |
| Financial debts | 170/4 | €78,198 | €39,373 | -€38,826 | -49.7% |
| Other amounts payable | 178/9 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €606,755 | €588,281 | -€18,473 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €38,286 | €38,826 | +€539 | +1.4% |
| Trade debts | 44 | €5,016 | €5,721 | +€705 | +14.1% |
| Suppliers | 440/4 | €5,016 | €5,721 | +€705 | +14.1% |
| Advances received on contracts in progress | 46 | €15,318 | €0 | -€15,318 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €630 | +€630 | |
| Taxes | 450/3 | - | €630 | +€630 | |
| Other amounts payable | 47/48 | €548,135 | €543,104 | -€5,031 | -0.9% |
| Accrued charges and deferred income | 492/3 | €11,243 | €5,053 | -€6,191 | -55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,395 | €51,870 | +€7,475 | +16.8% |
| Other operating charges | 640/8 | €3,017 | €6,244 | +€3,227 | +107.0% |
| Gross operating margin | 9900 | €62,510 | €68,642 | +€6,132 | +9.8% |
| Operating profit (loss) | 9901 | €15,098 | €10,528 | -€4,570 | -30.3% |
| Financial income | 75/76B | €0 | €230 | +€230 | |
| Recurring financial income | 75 | €0 | €230 | +€230 | |
| Financial charges | 65/66B | €6,952 | €7,366 | +€414 | +6.0% |
| Recurring financial charges | 65 | €6,952 | €7,366 | +€414 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €8,146 | €3,391 | -€4,755 | -58.4% |
| Profit (loss) for the period | 9904 | €8,146 | €3,391 | -€4,755 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,146 | €3,391 | -€4,755 | -58.4% |
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 9 October 2026 via checked.be.