Laumath: 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.
Laumath
Largest movements
- Financial fixed assets -€1.1m
down €1.1m (-95.7%), from €1.2m to €49,462
- Current investments +€700,000
up €700,000 (+233%), from €300,000 to €1.0m
- Tangible fixed assets +€579,281
up €579,281 (+64,985%), from €891 to €580,172
of which Land and buildings: +€499,608
- Cash +€221,126
up €221,126 (+128%), from €173,290 to €394,416
mainly Investment in fixed assets (net) (+€493,875) and Debts after one year (+€194,575)
- Receivables within one year +€51,714
up €51,714 (+526%), from €9,826 to €61,540
of which Other amounts receivable: +€37,668
- Debts after one year +€194,575
up €194,575 (+49.9%), from €390,000 to €584,575
of which Financial debts: +€204,575
- Provisions +€160,112
new in 2025: €160,112
- Other debts +€126,692
up €126,692 (+139%), from €91,343 to €218,034
- Reserves -€66,621
down €66,621 (-6.6%), from €1.0m to €945,413
- Current portion of long-term debt +€22,658
new in 2025: €22,658
- Financial income -€100,836
down €100,836 (-39.0%), from €258,861 to €158,026
- Gross operating margin +€84,778
up €84,778, from -€28,433 to €56,345
- Depreciation +€39,696
up €39,696 (+6,649%), from €597 to €40,293
- Financial charges +€9,245
up €9,245 (+29.4%), from €31,395 to €40,641
- Taxes -€5,793
down €5,793 (-32.0%), from €18,111 to €12,317
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 | €1,651,792 | €2,088,088 | +€436,296 | +26.4% |
| Fixed assets | 21/28 | €1,163,803 | €629,634 | -€534,169 | -45.9% |
| Tangible fixed assets | 22/27 | €891 | €580,172 | +€579,281 | +64,985% |
| Land and buildings | 22 | - | €499,608 | +€499,608 | |
| Plant, machinery and equipment | 23 | - | €17,668 | +€17,668 | |
| Furniture and vehicles | 24 | €891 | €62,896 | +€62,005 | +6,956% |
| Financial fixed assets | 28 | €1,162,912 | €49,462 | -€1.1m | -95.7% |
| Current assets | 29/58 | €487,989 | €1,458,454 | +€970,465 | +199% |
| Amounts receivable within one year | 40/41 | €9,826 | €61,540 | +€51,714 | +526% |
| Trade receivables | 40 | - | €14,047 | +€14,047 | |
| Other amounts receivable | 41 | €9,826 | €47,493 | +€37,668 | +383% |
| Current investments | 50/53 | €300,000 | €1,000,000 | +€700,000 | +233% |
| Cash at bank and in hand | 54/58 | €173,290 | €394,416 | +€221,126 | +128% |
| Deferred charges and accrued income | 490/1 | €4,873 | €2,498 | -€2,375 | -48.7% |
| Total equity and liabilities | 10/49 | €1,651,792 | €2,088,088 | +€436,296 | +26.4% |
| Equity | 10/15 | €1,152,034 | €1,085,413 | -€66,621 | -5.8% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €1,012,034 | €945,413 | -€66,621 | -6.6% |
| Distributable reserves | 133 | €1,012,034 | €945,413 | -€66,621 | -6.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €160,112 | +€160,112 | |
| Deferred taxes | 168 | - | €160,112 | +€160,112 | |
| Amounts payable | 17/49 | €499,758 | €842,563 | +€342,805 | +68.6% |
| Amounts payable after more than one year | 17 | €390,000 | €584,575 | +€194,575 | +49.9% |
| Financial debts | 170/4 | - | €204,575 | +€204,575 | |
| Other amounts payable | 178/9 | €390,000 | €380,000 | -€10,000 | -2.6% |
| Amounts payable within one year | 42/48 | €109,758 | €257,989 | +€148,230 | +135% |
| Current portion of amounts payable after more than one year | 42 | - | €22,658 | +€22,658 | |
| Trade debts | 44 | €2,937 | €8,441 | +€5,503 | +187% |
| Suppliers | 440/4 | €2,937 | €8,441 | +€5,503 | +187% |
| Taxes, remuneration and social security | 45 | €15,478 | €8,856 | -€6,623 | -42.8% |
| Taxes | 450/3 | €15,478 | €8,856 | -€6,623 | -42.8% |
| Other amounts payable | 47/48 | €91,343 | €218,034 | +€126,692 | +139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €597 | €40,293 | +€39,696 | +6,649% |
| Other operating charges | 640/8 | €2,539 | €4,488 | +€1,949 | +76.8% |
| Gross operating margin | 9900 | -€28,433 | €56,345 | +€84,778 | |
| Operating profit (loss) | 9901 | -€31,569 | €11,563 | +€43,132 | |
| Financial income | 75/76B | €258,861 | €158,026 | -€100,836 | -39.0% |
| Recurring financial income | 75 | €258,861 | €158,026 | -€100,836 | -39.0% |
| Financial charges | 65/66B | €31,395 | €40,641 | +€9,245 | +29.4% |
| Recurring financial charges | 65 | €31,395 | €40,641 | +€9,245 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €195,897 | €128,948 | -€66,949 | -34.2% |
| Transfer from deferred taxes | 780 | - | €4,600 | +€4,600 | |
| Income taxes | 67/77 | €18,111 | €12,317 | -€5,793 | -32.0% |
| Profit (loss) for the period | 9904 | €177,786 | €121,231 | -€56,556 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €177,786 | €121,231 | -€56,556 | -31.8% |
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 16 October 2026 via checked.be.