LAURA HAMILTON: 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 HAMILTON
Largest movements
- Cash +€8,812
up €8,812 (+38.7%), from €22,750 to €31,563
mainly Net result for the year (+€5,521) and Tax, wage and social debts (+€2,570)
- Receivables within one year -€1,407
down €1,407 (-9.1%), from €15,506 to €14,099
of which Trade receivables: -€1,551
- Tangible fixed assets -€602
down €602 (-6.9%), from €8,682 to €8,080
of which Plant, machinery and equipment: -€756
- Reserves +€5,521
up €5,521 (+95.5%), from €5,782 to €11,303
- Tax, wage and social debts +€2,570
up €2,570 (+37.1%), from €6,923 to €9,493
- Trade debts -€1,374
down €1,374 (-39.0%), from €3,524 to €2,150
- Gross operating margin -€2,525
down €2,525 (-18.7%), from €13,519 to €10,993
- Taxes -€1,330
down €1,330 (-26.9%), from €4,948 to €3,618
- Other operating charges -€1,273
down €1,273 (-72.7%), from €1,751 to €478
- Depreciation +€556
up €556 (+47.2%), from €1,178 to €1,733
- Financial charges -€190
down €190 (-34.3%), from €553 to €364
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 | €47,855 | €54,572 | +€6,718 | +14.0% |
| Fixed assets | 21/28 | €8,682 | €8,080 | -€602 | -6.9% |
| Tangible fixed assets | 22/27 | €8,682 | €8,080 | -€602 | -6.9% |
| Plant, machinery and equipment | 23 | €6,015 | €5,259 | -€756 | -12.6% |
| Furniture and vehicles | 24 | €2,667 | €2,822 | +€154 | +5.8% |
| Current assets | 29/58 | €39,172 | €46,492 | +€7,320 | +18.7% |
| Amounts receivable within one year | 40/41 | €15,506 | €14,099 | -€1,407 | -9.1% |
| Trade receivables | 40 | €1,551 | - | -€1,551 | |
| Other amounts receivable | 41 | €13,955 | €14,099 | +€144 | +1.0% |
| Cash at bank and in hand | 54/58 | €22,750 | €31,563 | +€8,812 | +38.7% |
| Deferred charges and accrued income | 490/1 | €916 | €830 | -€86 | -9.4% |
| Total equity and liabilities | 10/49 | €47,855 | €54,572 | +€6,718 | +14.0% |
| Equity | 10/15 | €37,408 | €42,929 | +€5,521 | +14.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €5,782 | €11,303 | +€5,521 | +95.5% |
| Distributable reserves | 133 | €5,782 | €11,303 | +€5,521 | +95.5% |
| Profit (loss) carried forward | 14 | €31,526 | €31,526 | = | 0.0% |
| Amounts payable | 17/49 | €10,447 | €11,643 | +€1,196 | +11.5% |
| Amounts payable within one year | 42/48 | €10,447 | €11,643 | +€1,196 | +11.5% |
| Trade debts | 44 | €3,524 | €2,150 | -€1,374 | -39.0% |
| Suppliers | 440/4 | €3,524 | €2,150 | -€1,374 | -39.0% |
| Taxes, remuneration and social security | 45 | €6,923 | €9,493 | +€2,570 | +37.1% |
| Taxes | 450/3 | €6,923 | €9,493 | +€2,570 | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,178 | €1,733 | +€556 | +47.2% |
| Other operating charges | 640/8 | €1,751 | €478 | -€1,273 | -72.7% |
| Gross operating margin | 9900 | €13,519 | €10,993 | -€2,525 | -18.7% |
| Operating profit (loss) | 9901 | €10,590 | €8,782 | -€1,808 | -17.1% |
| Financial income | 75/76B | €694 | €721 | +€27 | +3.9% |
| Recurring financial income | 75 | €694 | €721 | +€27 | +3.9% |
| Financial charges | 65/66B | €553 | €364 | -€190 | -34.3% |
| Recurring financial charges | 65 | €553 | €364 | -€190 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €10,730 | €9,140 | -€1,591 | -14.8% |
| Income taxes | 67/77 | €4,948 | €3,618 | -€1,330 | -26.9% |
| Profit (loss) for the period | 9904 | €5,782 | €5,521 | -€261 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,782 | €5,521 | -€261 | -4.5% |
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 18 October 2026 via checked.be.