LAUMEN GUY: 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 GUY
Largest movements
- Receivables within one year +€332,466
up €332,466 (+66.2%), from €501,965 to €834,430
- Stocks and contracts +€255,294
up €255,294 (+73.1%), from €349,175 to €604,469
- Cash -€80,817
down €80,817 (-100.0%), from €80,818 to €1
mainly Receivables within one year (-€332,466) and Stocks and contracts (-€255,294)
- Tangible fixed assets -€67,342
down €67,342 (-5.7%), from €1.2m to €1.1m
of which Land and buildings: -€77,285
- Other debts +€444,408
up €444,408 (+37.9%), from €1.2m to €1.6m
- Profit (loss) carried forward +€44,610
up €44,610 (+65.4%), from -€68,256 to -€23,646
- Gross operating margin +€114,085
up €114,085 (+762.4%), from €14,964 to €129,049
- Depreciation -€9,687
down €9,687 (-10.4%), from €93,279 to €83,592
- Financial charges -€2,655
down €2,655 (-32.4%), from €8,200 to €5,545
- Other operating charges +€1,628
up €1,628 (+11.0%), from €14,751 to €16,379
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 | €2,125,865 | €2,565,885 | +€440,021 | +20.7% |
| Fixed assets | 21/28 | €1,189,473 | €1,122,131 | -€67,342 | -5.7% |
| Tangible fixed assets | 22/27 | €1,189,473 | €1,122,131 | -€67,342 | -5.7% |
| Land and buildings | 22 | €1,175,958 | €1,098,673 | -€77,285 | -6.6% |
| Plant, machinery and equipment | 23 | €2,036 | €994 | -€1,042 | -51.2% |
| Furniture and vehicles | 24 | €11,478 | €22,464 | +€10,986 | +95.7% |
| Current assets | 29/58 | €936,392 | €1,443,755 | +€507,363 | +54.2% |
| Stocks and contracts in progress | 3 | €349,175 | €604,469 | +€255,294 | +73.1% |
| Stocks | 30/36 | €349,175 | €604,469 | +€255,294 | +73.1% |
| Amounts receivable within one year | 40/41 | €501,965 | €834,430 | +€332,466 | +66.2% |
| Other amounts receivable | 41 | €501,965 | €834,430 | +€332,466 | +66.2% |
| Cash at bank and in hand | 54/58 | €80,818 | €1 | -€80,817 | -100.0% |
| Deferred charges and accrued income | 490/1 | €4,435 | €4,854 | +€419 | +9.5% |
| Total equity and liabilities | 10/49 | €2,125,865 | €2,565,885 | +€440,021 | +20.7% |
| Equity | 10/15 | €672,357 | €701,176 | +€28,819 | +4.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €440,613 | €424,822 | -€15,791 | -3.6% |
| Tax-exempt reserves | 132 | €194,440 | €178,649 | -€15,791 | -8.1% |
| Distributable reserves | 133 | €246,174 | €246,174 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,256 | -€23,646 | +€44,610 | +65.4% |
| Provisions and deferred taxes | 16 | €64,813 | €59,550 | -€5,264 | -8.1% |
| Deferred taxes | 168 | €64,813 | €59,550 | -€5,264 | -8.1% |
| Amounts payable | 17/49 | €1,388,695 | €1,805,160 | +€416,465 | +30.0% |
| Amounts payable after more than one year | 17 | €84,980 | €59,348 | -€25,632 | -30.2% |
| Financial debts | 170/4 | €84,980 | €59,348 | -€25,632 | -30.2% |
| Amounts payable within one year | 42/48 | €1,303,064 | €1,745,811 | +€442,747 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €25,189 | €25,632 | +€443 | +1.8% |
| Financial debts | 43 | €101,000 | €101,280 | +€280 | +0.3% |
| Credit institutions | 430/8 | €101,000 | €101,280 | +€280 | +0.3% |
| Trade debts | 44 | €3,235 | €1,400 | -€1,835 | -56.7% |
| Suppliers | 440/4 | €3,235 | €1,400 | -€1,835 | -56.7% |
| Taxes, remuneration and social security | 45 | €550 | €0 | -€550 | -100.0% |
| Taxes | 450/3 | €550 | €0 | -€550 | -100.0% |
| Other amounts payable | 47/48 | €1,173,091 | €1,617,499 | +€444,408 | +37.9% |
| Accrued charges and deferred income | 492/3 | €650 | €0 | -€650 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,279 | €83,592 | -€9,687 | -10.4% |
| Other operating charges | 640/8 | €14,751 | €16,379 | +€1,628 | +11.0% |
| Gross operating margin | 9900 | €14,964 | €129,049 | +€114,085 | +762.4% |
| Operating profit (loss) | 9901 | -€93,067 | €29,078 | +€122,145 | |
| Financial income | 75/76B | €9 | €23 | +€14 | +154.0% |
| Recurring financial income | 75 | €9 | €23 | +€14 | +154.0% |
| Financial charges | 65/66B | €8,200 | €5,545 | -€2,655 | -32.4% |
| Recurring financial charges | 65 | €8,200 | €5,545 | -€2,655 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | -€101,258 | €23,556 | +€124,813 | |
| Transfer from deferred taxes | 780 | €5,159 | €5,264 | +€105 | +2.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€96,099 | €28,819 | +€124,918 | |
| Transfer from tax-exempt reserves | 789 | €15,476 | €15,791 | +€315 | +2.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€80,623 | €44,610 | +€125,233 |
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.