LAURA COAL BELGIUM: 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 COAL BELGIUM
Largest movements
- Tangible fixed assets -€1.1m
down €1.1m (-8.9%), from €12.2m to €11.1m
of which Other tangible fixed assets: -€578,863
- Cash -€696,322
down €696,322 (-51.5%), from €1.4m to €654,798
mainly Short-term financial debts (-€10.0m) and Accrued charges and deferred income (-€2.3m)
- Other debts +€11.7m
new in 2025: €11.7m
- Short-term financial debts -€10.0m
no longer reported in 2025 (was €10.0m)
- Accrued charges and deferred income -€2.3m
no longer reported in 2025 (was €2.3m)
- Trade debts -€834,640
down €834,640 (-93.2%), from €895,230 to €60,589
- Profit (loss) carried forward -€476,444
down €476,444 (-148%), from -€321,935 to -€798,379
- Gross operating margin +€245,156
up €245,156 (+25.6%), from €957,443 to €1.2m
- Financial charges -€105,119
down €105,119 (-14.0%), from €752,205 to €647,085
- Financial income -€80,206
no longer reported in 2025 (was €80,206)
- Taxes -€21,322
down €21,322 (-817%), from -€2,611 to -€23,934
- Other operating charges +€14,744
up €14,744 (+13.4%), from €109,990 to €124,733
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 | €13,748,985 | €11,921,838 | -€1.8m | -13.3% |
| Fixed assets | 21/28 | €12,161,973 | €11,083,110 | -€1.1m | -8.9% |
| Tangible fixed assets | 22/27 | €12,161,973 | €11,083,110 | -€1.1m | -8.9% |
| Land and buildings | 22 | €11,583,110 | €11,083,110 | -€500,000 | -4.3% |
| Other tangible fixed assets | 26 | €578,863 | - | -€578,863 | |
| Current assets | 29/58 | €1,587,011 | €838,728 | -€748,283 | -47.2% |
| Amounts receivable within one year | 40/41 | €235,891 | €183,931 | -€51,961 | -22.0% |
| Trade receivables | 40 | €209,346 | €159,997 | -€49,349 | -23.6% |
| Other amounts receivable | 41 | €26,545 | €23,934 | -€2,611 | -9.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,351,120 | €654,798 | -€696,322 | -51.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €13,748,985 | €11,921,838 | -€1.8m | -13.3% |
| Equity | 10/15 | €583,622 | €107,178 | -€476,444 | -81.6% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €105,556 | €105,556 | = | 0.0% |
| Non-distributable reserves | 130/1 | €80,000 | €80,000 | = | 0.0% |
| Legal reserve | 130 | €80,000 | €80,000 | = | 0.0% |
| Distributable reserves | 133 | €25,556 | €25,556 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€321,935 | -€798,379 | -€476,444 | -148% |
| Amounts payable | 17/49 | €13,165,363 | €11,814,661 | -€1.4m | -10.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €10,913,308 | €11,814,661 | +€901,353 | +8.3% |
| Financial debts | 43 | €10,000,000 | - | -€10.0m | |
| Other loans | 439 | €10,000,000 | - | -€10.0m | |
| Trade debts | 44 | €895,230 | €60,589 | -€834,640 | -93.2% |
| Suppliers | 440/4 | €895,230 | €60,589 | -€834,640 | -93.2% |
| Taxes, remuneration and social security | 45 | €18,079 | €38,170 | +€20,092 | +111% |
| Taxes | 450/3 | €18,079 | €38,170 | +€20,092 | +111% |
| Other amounts payable | 47/48 | - | €11,715,901 | +€11.7m | |
| Accrued charges and deferred income | 492/3 | €2,252,055 | - | -€2.3m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500,000 | €500,000 | = | 0.0% |
| Other operating charges | 640/8 | €109,990 | €124,733 | +€14,744 | +13.4% |
| Non-recurring operating charges | 66A | - | €431,158 | +€431,158 | |
| Gross operating margin | 9900 | €957,443 | €1,202,599 | +€245,156 | +25.6% |
| Operating profit (loss) | 9901 | €347,453 | €146,707 | -€200,745 | -57.8% |
| Financial income | 75/76B | €80,206 | - | -€80,206 | |
| Recurring financial income | 75 | €80,206 | - | -€80,206 | |
| Financial charges | 65/66B | €752,205 | €647,085 | -€105,119 | -14.0% |
| Recurring financial charges | 65 | €752,205 | €647,085 | -€105,119 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | -€324,546 | -€500,378 | -€175,832 | -54.2% |
| Income taxes | 67/77 | -€2,611 | -€23,934 | -€21,322 | -817% |
| Profit (loss) for the period | 9904 | -€321,935 | -€476,444 | -€154,509 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€321,935 | -€476,444 | -€154,509 | -48.0% |
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.