LAURA D.: 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 D.
Largest movements
- Tangible fixed assets -€21,639
down €21,639 (-29.9%), from €72,293 to €50,655
of which Plant, machinery and equipment: -€15,825
- Receivables within one year +€21,091
up €21,091 (+836.4%), from €2,522 to €23,613
of which Other amounts receivable: +€13,095
- Stocks and contracts -€2,947
down €2,947 (-14.8%), from €19,966 to €17,019
- Deferred charges and accrued income -€2,417
down €2,417 (-45.1%), from €5,355 to €2,937
- Cash +€2,100
up €2,100 (+5.3%), from €39,332 to €41,432
mainly Net result for the year (+€30,302) and Depreciation (+€21,911)
- Profit (loss) carried forward +€30,302
up €30,302, from -€5,543 to €24,759
- Debts after one year -€11,541
down €11,541 (-21.4%), from €54,011 to €42,470
- Current portion of long-term debt -€10,739
down €10,739 (-48.2%), from €22,280 to €11,541
- Tax, wage and social debts -€10,270
down €10,270 (-22.3%), from €46,101 to €35,831
of which Remuneration and social security: -€14,637
- Trade debts -€1,564
down €1,564 (-7.6%), from €20,618 to €19,055
- Staff costs -€35,135
down €35,135 (-23.8%), from €147,713 to €112,578
- Taxes +€5,998
new in 2025: €5,998
- Gross operating margin -€3,860
down €3,860 (-2.1%), from €182,168 to €178,308
- Depreciation -€3,249
down €3,249 (-12.9%), from €25,160 to €21,911
- Other operating charges +€2,825
up €2,825 (+1045.4%), from €270 to €3,096
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 | €139,468 | €135,656 | -€3,812 | -2.7% |
| Fixed assets | 21/28 | €72,293 | €50,655 | -€21,639 | -29.9% |
| Tangible fixed assets | 22/27 | €72,293 | €50,655 | -€21,639 | -29.9% |
| Land and buildings | 22 | €43,047 | €39,359 | -€3,688 | -8.6% |
| Plant, machinery and equipment | 23 | €21,893 | €6,068 | -€15,825 | -72.3% |
| Furniture and vehicles | 24 | €7,353 | €5,227 | -€2,126 | -28.9% |
| Current assets | 29/58 | €67,174 | €85,001 | +€17,827 | +26.5% |
| Stocks and contracts in progress | 3 | €19,966 | €17,019 | -€2,947 | -14.8% |
| Stocks | 30/36 | €19,966 | €17,019 | -€2,947 | -14.8% |
| Amounts receivable within one year | 40/41 | €2,522 | €23,613 | +€21,091 | +836.4% |
| Trade receivables | 40 | €1,776 | €9,772 | +€7,996 | +450.2% |
| Other amounts receivable | 41 | €746 | €13,841 | +€13,095 | +1756.4% |
| Cash at bank and in hand | 54/58 | €39,332 | €41,432 | +€2,100 | +5.3% |
| Deferred charges and accrued income | 490/1 | €5,355 | €2,937 | -€2,417 | -45.1% |
| Total equity and liabilities | 10/49 | €139,468 | €135,656 | -€3,812 | -2.7% |
| Equity | 10/15 | -€3,543 | €26,759 | +€30,302 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,543 | €24,759 | +€30,302 | |
| Amounts payable | 17/49 | €143,011 | €108,897 | -€34,114 | -23.9% |
| Amounts payable after more than one year | 17 | €54,011 | €42,470 | -€11,541 | -21.4% |
| Financial debts | 170/4 | €54,011 | €42,470 | -€11,541 | -21.4% |
| Amounts payable within one year | 42/48 | €89,000 | €66,427 | -€22,573 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €22,280 | €11,541 | -€10,739 | -48.2% |
| Trade debts | 44 | €20,618 | €19,055 | -€1,564 | -7.6% |
| Suppliers | 440/4 | €20,618 | €19,055 | -€1,564 | -7.6% |
| Taxes, remuneration and social security | 45 | €46,101 | €35,831 | -€10,270 | -22.3% |
| Taxes | 450/3 | €17,745 | €22,111 | +€4,367 | +24.6% |
| Remuneration and social security | 454/9 | €28,357 | €13,720 | -€14,637 | -51.6% |
| Remuneration, social security and pensions | 62 | €147,713 | €112,578 | -€35,135 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,160 | €21,911 | -€3,249 | -12.9% |
| Other operating charges | 640/8 | €270 | €3,096 | +€2,825 | +1045.4% |
| Gross operating margin | 9900 | €182,168 | €178,308 | -€3,860 | -2.1% |
| Operating profit (loss) | 9901 | €9,024 | €40,724 | +€31,699 | +351.3% |
| Financial income | 75/76B | €52 | €246 | +€194 | +373.8% |
| Recurring financial income | 75 | €52 | €246 | +€194 | +373.8% |
| Financial charges | 65/66B | €4,461 | €4,670 | +€209 | +4.7% |
| Recurring financial charges | 65 | €4,461 | €4,670 | +€209 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €4,616 | €36,300 | +€31,685 | +686.5% |
| Income taxes | 67/77 | - | €5,998 | +€5,998 | |
| Profit (loss) for the period | 9904 | €4,616 | €30,302 | +€25,687 | +556.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,616 | €30,302 | +€25,687 | +556.5% |
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 6 October 2026 via checked.be.