LAUR'HIZON: 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.
LAUR'HIZON
Largest movements
- Deferred charges and accrued income +€8,095
new in 2025: €8,095
- Cash -€3,404
down €3,404 (-87.9%), from €3,871 to €467
mainly Deferred charges and accrued income (-€8,095) and Debts after one year (-€2,022)
- Tangible fixed assets -€3,146
down €3,146 (-39.6%), from €7,937 to €4,791
of which Plant, machinery and equipment: -€2,956
- Receivables within one year +€1,383
up €1,383 (+104%), from €1,326 to €2,709
of which Other amounts receivable: +€777
- Stocks and contracts +€888
up €888 (+26.6%), from €3,335 to €4,223
- Profit (loss) carried forward +€2,384
up €2,384 (+8.4%), from -€28,346 to -€25,962
- Debts after one year -€2,022
down €2,022 (-11.3%), from €17,850 to €15,828
- Tax, wage and social debts +€1,540
up €1,540 (+131%), from €1,179 to €2,720
of which Remuneration and social security: +€900
- Trade debts +€1,348
up €1,348 (+43.9%), from €3,073 to €4,421
- Short-term financial debts +€651
new in 2025: €651
- Gross operating margin -€414
down €414 (-5.4%), from €7,621 to €7,207
- Other operating charges +€280
up €280 (+52.2%), from €537 to €817
- Financial charges -€124
down €124 (-12.6%), from €983 to €859
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 | €16,469 | €20,285 | +€3,816 | +23.2% |
| Fixed assets | 21/28 | €7,937 | €4,791 | -€3,146 | -39.6% |
| Tangible fixed assets | 22/27 | €7,937 | €4,791 | -€3,146 | -39.6% |
| Plant, machinery and equipment | 23 | €7,668 | €4,712 | -€2,956 | -38.6% |
| Furniture and vehicles | 24 | €269 | €79 | -€190 | -70.6% |
| Current assets | 29/58 | €8,532 | €15,494 | +€6,962 | +81.6% |
| Stocks and contracts in progress | 3 | €3,335 | €4,223 | +€888 | +26.6% |
| Stocks | 30/36 | €3,335 | €4,223 | +€888 | +26.6% |
| Amounts receivable within one year | 40/41 | €1,326 | €2,709 | +€1,383 | +104% |
| Trade receivables | 40 | €1,324 | €1,930 | +€606 | +45.8% |
| Other amounts receivable | 41 | €2 | €779 | +€777 | +43,192% |
| Cash at bank and in hand | 54/58 | €3,871 | €467 | -€3,404 | -87.9% |
| Deferred charges and accrued income | 490/1 | - | €8,095 | +€8,095 | |
| Total equity and liabilities | 10/49 | €16,469 | €20,285 | +€3,816 | +23.2% |
| Equity | 10/15 | -€7,886 | -€5,502 | +€2,384 | +30.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,346 | -€25,962 | +€2,384 | +8.4% |
| Amounts payable | 17/49 | €24,355 | €25,787 | +€1,432 | +5.9% |
| Amounts payable after more than one year | 17 | €17,850 | €15,828 | -€2,022 | -11.3% |
| Financial debts | 170/4 | €17,850 | €15,828 | -€2,022 | -11.3% |
| Amounts payable within one year | 42/48 | €6,505 | €9,959 | +€3,454 | +53.1% |
| Current portion of amounts payable after more than one year | 42 | €1,910 | €2,022 | +€112 | +5.9% |
| Financial debts | 43 | - | €651 | +€651 | |
| Credit institutions | 430/8 | - | €651 | +€651 | |
| Trade debts | 44 | €3,073 | €4,421 | +€1,348 | +43.9% |
| Suppliers | 440/4 | €3,073 | €4,421 | +€1,348 | +43.9% |
| Taxes, remuneration and social security | 45 | €1,179 | €2,720 | +€1,540 | +131% |
| Taxes | 450/3 | €729 | €1,370 | +€640 | +87.8% |
| Remuneration and social security | 454/9 | €450 | €1,350 | +€900 | +200% |
| Other amounts payable | 47/48 | €343 | €145 | -€198 | -57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,146 | €3,146 | +€0 | 0.0% |
| Other operating charges | 640/8 | €537 | €817 | +€280 | +52.2% |
| Gross operating margin | 9900 | €7,621 | €7,207 | -€414 | -5.4% |
| Operating profit (loss) | 9901 | €3,938 | €3,244 | -€694 | -17.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -92.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -92.6% |
| Financial charges | 65/66B | €983 | €859 | -€124 | -12.6% |
| Recurring financial charges | 65 | €983 | €859 | -€124 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €2,955 | €2,384 | -€570 | -19.3% |
| Profit (loss) for the period | 9904 | €2,955 | €2,384 | -€570 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,955 | €2,384 | -€570 | -19.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.