LAUMAR PROJECTS: 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.
LAUMAR PROJECTS
Largest movements
- Cash +€50,015
up €50,015 (+55.0%), from €90,887 to €140,903
mainly Depreciation (+€41,262) and Net result for the year (+€24,465)
- Tangible fixed assets -€41,262
down €41,262 (-2.9%), from €1.4m to €1.4m
- Debts after one year -€36,667
down €36,667 (-5.5%), from €664,166 to €627,500
- Reserves +€24,465
up €24,465 (+20.8%), from €117,455 to €141,921
- Other debts +€19,820
up €19,820 (+3.1%), from €648,922 to €668,742
- Gross operating margin +€21,468
up €21,468 (+25.2%), from €85,226 to €106,694
- Depreciation +€7,193
up €7,193 (+21.1%), from €34,069 to €41,262
- Other operating charges +€1,769
up €1,769 (+27.0%), from €6,547 to €8,316
- Taxes +€1,577
new in 2025: €1,577
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 | €1,536,594 | €1,545,741 | +€9,146 | +0.6% |
| Fixed assets | 21/28 | €1,445,264 | €1,404,002 | -€41,262 | -2.9% |
| Tangible fixed assets | 22/27 | €1,444,505 | €1,403,243 | -€41,262 | -2.9% |
| Land and buildings | 22 | €1,444,505 | €1,403,243 | -€41,262 | -2.9% |
| Financial fixed assets | 28 | €759 | €759 | = | 0.0% |
| Current assets | 29/58 | €91,330 | €141,739 | +€50,409 | +55.2% |
| Amounts receivable within one year | 40/41 | €311 | €836 | +€525 | +169.1% |
| Trade receivables | 40 | €0 | €150 | +€150 | |
| Other amounts receivable | 41 | €311 | €686 | +€375 | +120.8% |
| Cash at bank and in hand | 54/58 | €90,887 | €140,903 | +€50,015 | +55.0% |
| Deferred charges and accrued income | 490/1 | €132 | €0 | -€132 | -100.0% |
| Total equity and liabilities | 10/49 | €1,536,594 | €1,545,741 | +€9,146 | +0.6% |
| Equity | 10/15 | €177,455 | €201,921 | +€24,465 | +13.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €117,455 | €141,921 | +€24,465 | +20.8% |
| Distributable reserves | 133 | €117,455 | €141,921 | +€24,465 | +20.8% |
| Amounts payable | 17/49 | €1,359,139 | €1,343,820 | -€15,319 | -1.1% |
| Amounts payable after more than one year | 17 | €664,166 | €627,500 | -€36,667 | -5.5% |
| Financial debts | 170/4 | €664,166 | €627,500 | -€36,667 | -5.5% |
| Amounts payable within one year | 42/48 | €694,973 | €716,321 | +€21,348 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €36,667 | €36,667 | = | 0.0% |
| Trade debts | 44 | €297 | €0 | -€297 | -100.0% |
| Suppliers | 440/4 | €297 | €0 | -€297 | -100.0% |
| Advances received on contracts in progress | 46 | €2,789 | €0 | -€2,789 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,298 | €10,912 | +€4,613 | +73.2% |
| Taxes | 450/3 | €6,298 | €10,912 | +€4,613 | +73.2% |
| Other amounts payable | 47/48 | €648,922 | €668,742 | +€19,820 | +3.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,069 | €41,262 | +€7,193 | +21.1% |
| Other operating charges | 640/8 | €6,547 | €8,316 | +€1,769 | +27.0% |
| Non-recurring operating charges | 66A | €9,467 | €0 | -€9,467 | -100.0% |
| Gross operating margin | 9900 | €85,226 | €106,694 | +€21,468 | +25.2% |
| Operating profit (loss) | 9901 | €35,142 | €57,116 | +€21,974 | +62.5% |
| Financial income | 75/76B | €1,143 | €523 | -€620 | -54.3% |
| Recurring financial income | 75 | €1,143 | €523 | -€620 | -54.3% |
| Financial charges | 65/66B | €32,394 | €31,597 | -€798 | -2.5% |
| Recurring financial charges | 65 | €32,394 | €31,597 | -€798 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €3,891 | €26,042 | +€22,152 | +569.4% |
| Income taxes | 67/77 | - | €1,577 | +€1,577 | |
| Profit (loss) for the period | 9904 | €3,891 | €24,465 | +€20,575 | +528.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,891 | €24,465 | +€20,575 | +528.8% |
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 29 September 2026 via checked.be.