LAURA: 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.
LAURA
Largest movements
- Stocks and contracts +€43,159
up €43,159 (+59.7%), from €72,346 to €115,506
- Financial fixed assets -€8,500
down €8,500 (-90.8%), from €9,363 to €863
- Cash +€6,798
up €6,798 (+51.1%), from €13,292 to €20,089
mainly Debts after one year (+€170,000) and Investment in fixed assets (net) (+€6,315)
- Debts after one year +€170,000
up €170,000 (+66.9%), from €254,000 to €424,000
- Profit (loss) carried forward -€119,798
down €119,798 (-21.3%), from -€563,619 to -€683,417
- Trade debts -€5,667
down €5,667 (-52.0%), from €10,907 to €5,239
- Tax, wage and social debts -€2,009
down €2,009 (-35.2%), from €5,710 to €3,701
of which Taxes: -€2,354
- Gross operating margin -€77,620
down €77,620 (-184.9%), from -€41,975 to -€119,595
- Financial income +€2,316
up €2,316 (+11579300.0%), from €0 to €2,316
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 | €100,496 | €143,420 | +€42,924 | +42.7% |
| Fixed assets | 21/28 | €12,096 | €4,321 | -€7,775 | -64.3% |
| Tangible fixed assets | 22/27 | €2,733 | €3,458 | +€726 | +26.5% |
| Plant, machinery and equipment | 23 | €1,335 | €2,939 | +€1,604 | +120.2% |
| Furniture and vehicles | 24 | €1,398 | €519 | -€879 | -62.9% |
| Financial fixed assets | 28 | €9,363 | €863 | -€8,500 | -90.8% |
| Current assets | 29/58 | €88,400 | €139,099 | +€50,699 | +57.4% |
| Stocks and contracts in progress | 3 | €72,346 | €115,506 | +€43,159 | +59.7% |
| Stocks | 30/36 | €72,346 | €115,506 | +€43,159 | +59.7% |
| Amounts receivable within one year | 40/41 | €2,110 | €3,504 | +€1,394 | +66.0% |
| Trade receivables | 40 | €1,718 | €3,080 | +€1,362 | +79.3% |
| Other amounts receivable | 41 | €392 | €423 | +€31 | +7.9% |
| Cash at bank and in hand | 54/58 | €13,292 | €20,089 | +€6,798 | +51.1% |
| Deferred charges and accrued income | 490/1 | €652 | €0 | -€652 | -100.0% |
| Total equity and liabilities | 10/49 | €100,496 | €143,420 | +€42,924 | +42.7% |
| Equity | 10/15 | -€188,619 | -€308,417 | -€119,798 | -63.5% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | €375,000 | = | 0.0% |
| Issued capital | 100 | €375,000 | €375,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€563,619 | -€683,417 | -€119,798 | -21.3% |
| Amounts payable | 17/49 | €289,115 | €451,837 | +€162,722 | +56.3% |
| Amounts payable after more than one year | 17 | €254,000 | €424,000 | +€170,000 | +66.9% |
| Financial debts | 170/4 | €254,000 | €424,000 | +€170,000 | +66.9% |
| Amounts payable within one year | 42/48 | €35,115 | €27,837 | -€7,278 | -20.7% |
| Trade debts | 44 | €10,907 | €5,239 | -€5,667 | -52.0% |
| Suppliers | 440/4 | €10,907 | €5,239 | -€5,667 | -52.0% |
| Taxes, remuneration and social security | 45 | €5,710 | €3,701 | -€2,009 | -35.2% |
| Taxes | 450/3 | €5,710 | €3,356 | -€2,354 | -41.2% |
| Remuneration and social security | 454/9 | - | €345 | +€345 | |
| Other amounts payable | 47/48 | €18,498 | €18,896 | +€399 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,406 | €1,459 | +€54 | +3.8% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | -€41,975 | -€119,595 | -€77,620 | -184.9% |
| Operating profit (loss) | 9901 | -€43,909 | -€121,599 | -€77,690 | -176.9% |
| Financial income | 75/76B | €0 | €2,316 | +€2,316 | +11579300.0% |
| Recurring financial income | 75 | €0 | €2,316 | +€2,316 | +11579300.0% |
| Financial charges | 65/66B | €185 | €515 | +€330 | +178.5% |
| Recurring financial charges | 65 | €185 | €515 | +€330 | +178.5% |
| Profit (loss) for the period before taxes | 9903 | -€44,094 | -€119,798 | -€75,704 | -171.7% |
| Profit (loss) for the period | 9904 | -€44,094 | -€119,798 | -€75,704 | -171.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,094 | -€119,798 | -€75,704 | -171.7% |
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 30 September 2026 via checked.be.