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
- Receivables within one year +€125,987
up €125,987 (+158.2%), from €79,631 to €205,618
of which Trade receivables: +€89,923
- Tangible fixed assets -€41,373
down €41,373 (-5.4%), from €770,783 to €729,411
of which Land and buildings: -€27,539
- Reserves +€92,747
up €92,747 (+25.8%), from €359,056 to €451,802
of which Distributable reserves: +€96,515
- Debts after one year -€91,907
down €91,907 (-32.5%), from €282,535 to €190,628
- Tax, wage and social debts +€76,813
up €76,813 (+144.7%), from €53,079 to €129,892
- Other debts +€62,024
up €62,024 (+59.4%), from €104,412 to €166,436
- Short-term financial debts -€49,000
no longer reported in 2025 (was €49,000)
- Gross operating margin +€211,903
up €211,903 (+116.5%), from €181,955 to €393,858
- Taxes +€75,071
up €75,071 (+260.0%), from €28,876 to €103,947
- Financial charges -€38,400
down €38,400 (-58.0%), from €66,157 to €27,757
- Depreciation +€8,376
up €8,376 (+25.4%), from €32,997 to €41,373
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 | €1,053,259 | €1,146,307 | +€93,048 | +8.8% |
| Fixed assets | 21/28 | €899,437 | €861,901 | -€37,536 | -4.2% |
| Tangible fixed assets | 22/27 | €770,783 | €729,411 | -€41,373 | -5.4% |
| Land and buildings | 22 | €712,713 | €685,174 | -€27,539 | -3.9% |
| Plant, machinery and equipment | 23 | €13 | - | -€13 | |
| Furniture and vehicles | 24 | €56,108 | €42,286 | -€13,821 | -24.6% |
| Other tangible fixed assets | 26 | €1,950 | €1,950 | = | 0.0% |
| Financial fixed assets | 28 | €128,654 | €132,490 | +€3,836 | +3.0% |
| Current assets | 29/58 | €153,822 | €284,406 | +€130,584 | +84.9% |
| Stocks and contracts in progress | 3 | €9,655 | €4,130 | -€5,525 | -57.2% |
| Stocks | 30/36 | €9,655 | €4,130 | -€5,525 | -57.2% |
| Amounts receivable within one year | 40/41 | €79,631 | €205,618 | +€125,987 | +158.2% |
| Trade receivables | 40 | €255 | €90,178 | +€89,923 | +35261.0% |
| Other amounts receivable | 41 | €79,376 | €115,441 | +€36,065 | +45.4% |
| Cash at bank and in hand | 54/58 | €38,763 | €43,617 | +€4,853 | +12.5% |
| Deferred charges and accrued income | 490/1 | €25,772 | €31,041 | +€5,269 | +20.4% |
| Total equity and liabilities | 10/49 | €1,053,259 | €1,146,307 | +€93,048 | +8.8% |
| Equity | 10/15 | €389,279 | €482,026 | +€92,747 | +23.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €359,056 | €451,802 | +€92,747 | +25.8% |
| Tax-exempt reserves | 132 | €62,656 | €58,888 | -€3,768 | -6.0% |
| Distributable reserves | 133 | €296,399 | €392,914 | +€96,515 | +32.6% |
| Profit (loss) carried forward | 14 | €224 | €224 | = | 0.0% |
| Provisions and deferred taxes | 16 | €32,014 | €30,074 | -€1,940 | -6.1% |
| Deferred taxes | 168 | €32,014 | €30,074 | -€1,940 | -6.1% |
| Amounts payable | 17/49 | €631,966 | €634,207 | +€2,241 | +0.4% |
| Amounts payable after more than one year | 17 | €282,535 | €190,628 | -€91,907 | -32.5% |
| Financial debts | 170/4 | €282,535 | €190,628 | -€91,907 | -32.5% |
| Amounts payable within one year | 42/48 | €334,105 | €435,746 | +€101,641 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €116,192 | €116,907 | +€714 | +0.6% |
| Financial debts | 43 | €49,000 | - | -€49,000 | |
| Credit institutions | 430/8 | €49,000 | - | -€49,000 | |
| Trade debts | 44 | €11,421 | €22,510 | +€11,089 | +97.1% |
| Suppliers | 440/4 | €11,421 | €22,510 | +€11,089 | +97.1% |
| Taxes, remuneration and social security | 45 | €53,079 | €129,892 | +€76,813 | +144.7% |
| Taxes | 450/3 | €53,079 | €129,892 | +€76,813 | +144.7% |
| Other amounts payable | 47/48 | €104,412 | €166,436 | +€62,024 | +59.4% |
| Accrued charges and deferred income | 492/3 | €15,327 | €7,833 | -€7,493 | -48.9% |
| Non-recurring operating income | 76A | €10,543 | - | -€10,543 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,997 | €41,373 | +€8,376 | +25.4% |
| Other operating charges | 640/8 | €2,544 | €4,614 | +€2,070 | +81.4% |
| Non-recurring operating charges | 66A | €3,983 | - | -€3,983 | |
| Gross operating margin | 9900 | €181,955 | €393,858 | +€211,903 | +116.5% |
| Operating profit (loss) | 9901 | €142,433 | €347,872 | +€205,440 | +144.2% |
| Financial income | 75/76B | €2,992 | €3,131 | +€139 | +4.7% |
| Recurring financial income | 75 | €2,992 | €3,131 | +€139 | +4.7% |
| Financial charges | 65/66B | €66,157 | €27,757 | -€38,400 | -58.0% |
| Recurring financial charges | 65 | €66,157 | €27,757 | -€38,400 | -58.0% |
| Profit (loss) for the period before taxes | 9903 | €79,268 | €323,247 | +€243,979 | +307.8% |
| Transfer from deferred taxes | 780 | €2,065 | €1,940 | -€125 | -6.1% |
| Income taxes | 67/77 | €28,876 | €103,947 | +€75,071 | +260.0% |
| Profit (loss) for the period | 9904 | €52,457 | €221,240 | +€168,783 | +321.8% |
| Transfer from tax-exempt reserves | 789 | €4,011 | €3,768 | -€243 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,468 | €225,008 | +€168,540 | +298.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.