LAUMAX: 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.
LAUMAX
Largest movements
- Cash +€87,784
up €87,784 (+283%), from €31,016 to €118,800
mainly Net result for the year (+€90,397) and Receivables within one year (+€39,973)
- Receivables within one year -€39,973
down €39,973 (-69.1%), from €57,850 to €17,877
of which Trade receivables: -€42,350
- Tangible fixed assets +€7,597
up €7,597 (+28.2%), from €26,982 to €34,579
of which Furniture and vehicles: +€7,757
- Profit (loss) carried forward +€65,397
up €65,397 (+26.3%), from €248,233 to €313,630
- Debts after one year -€7,097
down €7,097 (-38.0%), from €18,680 to €11,583
- Depreciation +€7,995
up €7,995 (+81.4%), from €9,816 to €17,811
- Taxes -€7,985
down €7,985 (-17.6%), from €45,296 to €37,311
- Gross operating margin +€7,521
up €7,521 (+5.5%), from €137,551 to €145,072
- Purchases and services -€7,521
down €7,521 (-24.7%), from €30,449 to €22,928
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 | €361,246 | €420,188 | +€58,942 | +16.3% |
| Fixed assets | 21/28 | €186,982 | €194,579 | +€7,597 | +4.1% |
| Tangible fixed assets | 22/27 | €26,982 | €34,579 | +€7,597 | +28.2% |
| Plant, machinery and equipment | 23 | €647 | €487 | -€160 | -24.7% |
| Furniture and vehicles | 24 | €26,335 | €34,092 | +€7,757 | +29.5% |
| Financial fixed assets | 28 | €160,000 | €160,000 | = | 0.0% |
| Current assets | 29/58 | €174,264 | €225,609 | +€51,345 | +29.5% |
| Amounts receivable within one year | 40/41 | €57,850 | €17,877 | -€39,973 | -69.1% |
| Trade receivables | 40 | €42,350 | - | -€42,350 | |
| Other amounts receivable | 41 | €15,500 | €17,877 | +€2,377 | +15.3% |
| Current investments | 50/53 | €85,398 | €88,932 | +€3,534 | +4.1% |
| Cash at bank and in hand | 54/58 | €31,016 | €118,800 | +€87,784 | +283% |
| Total equity and liabilities | 10/49 | €361,246 | €420,188 | +€58,942 | +16.3% |
| Equity | 10/15 | €277,990 | €343,387 | +€65,397 | +23.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,557 | €23,557 | = | 0.0% |
| Distributable reserves | 133 | €23,557 | €23,557 | = | 0.0% |
| Profit (loss) carried forward | 14 | €248,233 | €313,630 | +€65,397 | +26.3% |
| Amounts payable | 17/49 | €83,256 | €76,801 | -€6,455 | -7.8% |
| Amounts payable after more than one year | 17 | €18,680 | €11,583 | -€7,097 | -38.0% |
| Financial debts | 170/4 | €18,680 | €11,583 | -€7,097 | -38.0% |
| Amounts payable within one year | 42/48 | €64,576 | €65,218 | +€642 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €6,267 | €7,097 | +€830 | +13.2% |
| Financial debts | 43 | - | €3,211 | +€3,211 | |
| Credit institutions | 430/8 | - | €3,211 | +€3,211 | |
| Trade debts | 44 | €126 | €1,816 | +€1,690 | +1,341% |
| Suppliers | 440/4 | €126 | €1,816 | +€1,690 | +1,341% |
| Taxes, remuneration and social security | 45 | €42,431 | €39,659 | -€2,772 | -6.5% |
| Taxes | 450/3 | €42,431 | €39,659 | -€2,772 | -6.5% |
| Other amounts payable | 47/48 | €15,752 | €13,435 | -€2,317 | -14.7% |
| Turnover | 70 | €168,000 | €168,000 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €30,449 | €22,928 | -€7,521 | -24.7% |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,816 | €17,811 | +€7,995 | +81.4% |
| Other operating charges | 640/8 | €2,819 | €3,485 | +€666 | +23.6% |
| Gross operating margin | 9900 | €137,551 | €145,072 | +€7,521 | +5.5% |
| Operating profit (loss) | 9901 | €124,916 | €123,776 | -€1,140 | -0.9% |
| Financial income | 75/76B | €6,828 | €5,164 | -€1,664 | -24.4% |
| Recurring financial income | 75 | €6,828 | €5,164 | -€1,664 | -24.4% |
| Financial charges | 65/66B | €2,593 | €1,232 | -€1,361 | -52.5% |
| Recurring financial charges | 65 | €1,864 | €1,232 | -€632 | -33.9% |
| Non-recurring financial charges | 66B | €729 | - | -€729 | |
| Profit (loss) for the period before taxes | 9903 | €129,151 | €127,708 | -€1,443 | -1.1% |
| Income taxes | 67/77 | €45,296 | €37,311 | -€7,985 | -17.6% |
| Profit (loss) for the period | 9904 | €83,855 | €90,397 | +€6,542 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €83,855 | €90,397 | +€6,542 | +7.8% |
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.