Laura Hermans: what changed
What changed
Laura Hermans
NACE 72.101, Research and development on biotechnology
filed annual accounts (NBB)
Net result for the year
€9,600
2024 · €46,295-€36,695
Equity
€203,862
2024 · €194,262+€9,600
Cash
€5,077
2024 · €11,047-€5,970
Balance sheet total
€975,004
2024 · €988,802-€13,798
Largest movements
Assets
- Tangible fixed assets -€10,330
down €10,330 (-1.1%), from €941,079 to €930,749
of which Furniture and vehicles: -€7,447
Equity and liabilities
- Debts after one year -€61,664
down €61,664 (-8.1%), from €758,926 to €697,262
- Current portion of long-term debt +€45,859
new in 2025: €45,859
Income statement
- Gross operating margin -€49,802
down €49,802 (-38.8%), from €128,393 to €78,591
- Taxes -€8,469
down €8,469 (-47.8%), from €17,716 to €9,247
- Financial charges -€8,078
down €8,078 (-45.0%), from €17,952 to €9,874
- Depreciation +€3,229
up €3,229 (+7.4%), from €43,632 to €46,861
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€46,295
Gross operating margin
-€49,802
Depreciation
-€3,229
Other operating charges
-€240
Financial income
+€28
Financial charges
+€8,078
Taxes
+€8,469
Result 2025
€9,600
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€46,366
Investment
-€36,531
Financing
-€15,805
Cash 2024
€11,047
From operations (derived)
+€46,366
Net result for the year
+€9,600
Depreciation
+€46,861
Receivables within one year
+€1,261
Deferred charges and accrued income
-€3,764
Trade debts
-€6,703
Tax, wage and social debts
-€3,313
Advances received
+€3,800
Other debts
-€1,376
Investment (derived)
-€36,531
Investment in fixed assets (net)
-€36,531
Financing
-€15,805
Debts after one year
-€61,664
Current portion of long-term debt
+€45,859
Cash 2025
€5,077
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €988,802 | €975,004 | -€13,798 | -1.4% |
| Fixed assets | 21/28 | €941,079 | €930,749 | -€10,330 | -1.1% |
| Tangible fixed assets | 22/27 | €941,079 | €930,749 | -€10,330 | -1.1% |
| Land and buildings | 22 | €905,988 | €903,929 | -€2,059 | -0.2% |
| Plant, machinery and equipment | 23 | €18,595 | €17,771 | -€824 | -4.4% |
| Furniture and vehicles | 24 | €16,496 | €9,050 | -€7,447 | -45.1% |
| Current assets | 29/58 | €47,722 | €44,255 | -€3,468 | -7.3% |
| Amounts receivable within one year | 40/41 | €36,675 | €35,414 | -€1,261 | -3.4% |
| Trade receivables | 40 | €34,262 | €29,598 | -€4,664 | -13.6% |
| Other amounts receivable | 41 | €2,413 | €5,816 | +€3,403 | +141% |
| Cash at bank and in hand | 54/58 | €11,047 | €5,077 | -€5,970 | -54.0% |
| Deferred charges and accrued income | 490/1 | - | €3,764 | +€3,764 | |
| Total equity and liabilities | 10/49 | €988,802 | €975,004 | -€13,798 | -1.4% |
| Equity | 10/15 | €194,262 | €203,862 | +€9,600 | +4.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Uncalled capital | 101 | €6,150 | €6,150 | = | 0.0% |
| Reserves | 13 | €172,381 | €181,982 | +€9,600 | +5.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,900 | €8,000 | -€11,900 | -59.8% |
| Distributable reserves | 133 | €150,626 | €172,127 | +€21,500 | +14.3% |
| Profit (loss) carried forward | 14 | €9,480 | €9,480 | = | 0.0% |
| Amounts payable | 17/49 | €794,540 | €771,142 | -€23,398 | -2.9% |
| Amounts payable after more than one year | 17 | €758,926 | €697,262 | -€61,664 | -8.1% |
| Financial debts | 170/4 | €758,926 | €697,262 | -€61,664 | -8.1% |
| Amounts payable within one year | 42/48 | €35,614 | €73,880 | +€38,266 | +107% |
| Current portion of amounts payable after more than one year | 42 | - | €45,859 | +€45,859 | |
| Trade debts | 44 | €9,282 | €2,578 | -€6,703 | -72.2% |
| Suppliers | 440/4 | €9,282 | €2,578 | -€6,703 | -72.2% |
| Advances received on contracts in progress | 46 | - | €3,800 | +€3,800 | |
| Taxes, remuneration and social security | 45 | €17,762 | €14,449 | -€3,313 | -18.7% |
| Taxes | 450/3 | €17,762 | €10,749 | -€7,013 | -39.5% |
| Remuneration and social security | 454/9 | - | €3,700 | +€3,700 | |
| Other amounts payable | 47/48 | €8,570 | €7,194 | -€1,376 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,632 | €46,861 | +€3,229 | +7.4% |
| Other operating charges | 640/8 | €2,798 | €3,037 | +€240 | +8.6% |
| Gross operating margin | 9900 | €128,393 | €78,591 | -€49,802 | -38.8% |
| Operating profit (loss) | 9901 | €81,964 | €28,693 | -€53,270 | -65.0% |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €17,952 | €9,874 | -€8,078 | -45.0% |
| Recurring financial charges | 65 | €17,952 | €9,874 | -€8,078 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €64,011 | €18,848 | -€45,164 | -70.6% |
| Income taxes | 67/77 | €17,716 | €9,247 | -€8,469 | -47.8% |
| Profit (loss) for the period | 9904 | €46,295 | €9,600 | -€36,695 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,295 | €9,600 | -€36,695 | -79.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.