LAURA CABRAL: 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.
LAURA CABRAL
Largest movements
- Tangible fixed assets +€3,846
up €3,846 (+23.9%), from €16,113 to €19,959
of which Furniture and vehicles: +€3,846
- Cash -€1,530
down €1,530 (-1.6%), from €95,097 to €93,567
mainly Contributions, distributions and other (-€4,875) and Investment in fixed assets (net) (-€4,499)
- Reserves +€5,513
up €5,513 (+6.4%), from €85,721 to €91,234
- Tax, wage and social debts -€3,322
down €3,322 (-76.0%), from €4,368 to €1,046
- Gross operating margin -€2,318
down €2,318 (-10.9%), from €21,174 to €18,856
- Taxes -€831
down €831 (-12.4%), from €6,701 to €5,871
- Depreciation +€653
new in 2025: €653
- Other operating charges -€312
down €312 (-11.6%), from €2,693 to €2,381
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 | €115,022 | €118,305 | +€3,283 | +2.9% |
| Fixed assets | 21/28 | €16,113 | €19,959 | +€3,846 | +23.9% |
| Tangible fixed assets | 22/27 | €16,113 | €19,959 | +€3,846 | +23.9% |
| Land and buildings | 22 | €16,113 | €16,113 | = | 0.0% |
| Furniture and vehicles | 24 | - | €3,846 | +€3,846 | |
| Current assets | 29/58 | €98,909 | €98,346 | -€562 | -0.6% |
| Amounts receivable within one year | 40/41 | €2,425 | €3,514 | +€1,089 | +44.9% |
| Trade receivables | 40 | - | €1,092 | +€1,092 | |
| Other amounts receivable | 41 | €2,425 | €2,421 | -€3 | -0.1% |
| Cash at bank and in hand | 54/58 | €95,097 | €93,567 | -€1,530 | -1.6% |
| Deferred charges and accrued income | 490/1 | €1,388 | €1,266 | -€122 | -8.8% |
| Total equity and liabilities | 10/49 | €115,022 | €118,305 | +€3,283 | +2.9% |
| Equity | 10/15 | €110,654 | €116,167 | +€5,513 | +5.0% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €85,721 | €91,234 | +€5,513 | +6.4% |
| Distributable reserves | 133 | €85,721 | €91,234 | +€5,513 | +6.4% |
| Profit (loss) carried forward | 14 | €144 | €144 | = | 0.0% |
| Amounts payable | 17/49 | €4,368 | €2,139 | -€2,230 | -51.0% |
| Amounts payable within one year | 42/48 | €4,368 | €2,139 | -€2,230 | -51.0% |
| Trade debts | 44 | - | €1,092 | +€1,092 | |
| Suppliers | 440/4 | - | €1,092 | +€1,092 | |
| Taxes, remuneration and social security | 45 | €4,368 | €1,046 | -€3,322 | -76.0% |
| Taxes | 450/3 | €4,368 | €1,046 | -€3,322 | -76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €653 | +€653 | |
| Other operating charges | 640/8 | €2,693 | €2,381 | -€312 | -11.6% |
| Gross operating margin | 9900 | €21,174 | €18,856 | -€2,318 | -10.9% |
| Operating profit (loss) | 9901 | €18,481 | €15,822 | -€2,659 | -14.4% |
| Financial income | 75/76B | €517 | €482 | -€35 | -6.8% |
| Recurring financial income | 75 | €517 | €482 | -€35 | -6.8% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €18,954 | €16,259 | -€2,696 | -14.2% |
| Income taxes | 67/77 | €6,701 | €5,871 | -€831 | -12.4% |
| Profit (loss) for the period | 9904 | €12,253 | €10,388 | -€1,865 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,253 | €10,388 | -€1,865 | -15.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.