LAUMEN: 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.
LAUMEN
Largest movements
- Cash -€6,530
down €6,530 (-14.2%), from €45,852 to €39,322
mainly Investment in fixed assets (net) (-€20,536) and Contributions, distributions and other (-€14,829)
- Receivables within one year -€4,553
down €4,553 (-14.7%), from €31,013 to €26,460
of which Other amounts receivable: -€14,567
- Tangible fixed assets -€2,008
down €2,008 (-3.8%), from €52,964 to €50,956
of which Plant, machinery and equipment: -€8,973
- Deferred charges and accrued income -€1,492
down €1,492 (-55.8%), from €2,673 to €1,181
- Reserves -€19,212
down €19,212 (-25.5%), from €75,330 to €56,118
- Debts after one year -€13,170
down €13,170 (-67.5%), from €19,514 to €6,343
- Current portion of long-term debt +€6,942
up €6,942 (+54.8%), from €12,669 to €19,612
- Trade debts +€6,770
up €6,770 (+114.0%), from €5,939 to €12,708
- Other debts +€1,954
up €1,954, from €0 to €1,954
- Gross operating margin +€14,741
up €14,741 (+64.2%), from €22,956 to €37,697
- Other operating charges +€12,841
up €12,841 (+510.5%), from €2,515 to €15,356
- Depreciation +€8,475
up €8,475 (+59.5%), from €14,245 to €22,720
- Taxes -€1,169
down €1,169 (-45.7%), from €2,560 to €1,390
- Financial charges +€604
up €604 (+29.0%), from €2,084 to €2,688
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 | €132,677 | €117,920 | -€14,757 | -11.1% |
| Fixed assets | 21/28 | €53,139 | €50,956 | -€2,183 | -4.1% |
| Tangible fixed assets | 22/27 | €52,964 | €50,956 | -€2,008 | -3.8% |
| Land and buildings | 22 | €13,256 | €9,974 | -€3,281 | -24.8% |
| Plant, machinery and equipment | 23 | €16,369 | €7,396 | -€8,973 | -54.8% |
| Furniture and vehicles | 24 | €23,339 | €33,585 | +€10,246 | +43.9% |
| Financial fixed assets | 28 | €175 | €0 | -€175 | -100.0% |
| Current assets | 29/58 | €79,538 | €66,964 | -€12,574 | -15.8% |
| Amounts receivable within one year | 40/41 | €31,013 | €26,460 | -€4,553 | -14.7% |
| Trade receivables | 40 | €8,027 | €18,041 | +€10,014 | +124.8% |
| Other amounts receivable | 41 | €22,987 | €8,420 | -€14,567 | -63.4% |
| Cash at bank and in hand | 54/58 | €45,852 | €39,322 | -€6,530 | -14.2% |
| Deferred charges and accrued income | 490/1 | €2,673 | €1,181 | -€1,492 | -55.8% |
| Total equity and liabilities | 10/49 | €132,677 | €117,920 | -€14,757 | -11.1% |
| Equity | 10/15 | €93,930 | €74,718 | -€19,212 | -20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,330 | €56,118 | -€19,212 | -25.5% |
| Distributable reserves | 133 | €75,330 | €56,118 | -€19,212 | -25.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €38,747 | €43,202 | +€4,455 | +11.5% |
| Amounts payable after more than one year | 17 | €19,514 | €6,343 | -€13,170 | -67.5% |
| Financial debts | 170/4 | €19,514 | €6,343 | -€13,170 | -67.5% |
| Amounts payable within one year | 42/48 | €19,233 | €36,859 | +€17,625 | +91.6% |
| Current portion of amounts payable after more than one year | 42 | €12,669 | €19,612 | +€6,942 | +54.8% |
| Financial debts | 43 | - | €7 | +€7 | |
| Credit institutions | 430/8 | - | €7 | +€7 | |
| Trade debts | 44 | €5,939 | €12,708 | +€6,770 | +114.0% |
| Suppliers | 440/4 | €5,939 | €12,708 | +€6,770 | +114.0% |
| Taxes, remuneration and social security | 45 | €625 | €2,577 | +€1,952 | +312.4% |
| Taxes | 450/3 | €625 | €2,577 | +€1,952 | +312.4% |
| Other amounts payable | 47/48 | €0 | €1,954 | +€1,954 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,245 | €22,720 | +€8,475 | +59.5% |
| Other operating charges | 640/8 | €2,515 | €15,356 | +€12,841 | +510.5% |
| Gross operating margin | 9900 | €22,956 | €37,697 | +€14,741 | +64.2% |
| Operating profit (loss) | 9901 | €6,196 | -€378 | -€6,574 | |
| Financial income | 75/76B | €0 | €73 | +€73 | |
| Recurring financial income | 75 | €0 | €73 | +€73 | |
| Financial charges | 65/66B | €2,084 | €2,688 | +€604 | +29.0% |
| Recurring financial charges | 65 | €2,084 | €2,688 | +€604 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €4,112 | -€2,993 | -€7,105 | |
| Income taxes | 67/77 | €2,560 | €1,390 | -€1,169 | -45.7% |
| Profit (loss) for the period | 9904 | €1,552 | -€4,384 | -€5,935 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,552 | -€4,384 | -€5,935 |
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 7 October 2026 via checked.be.