LAURADES: 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.
LAURADES
Largest movements
- Cash +€86,624
up €86,624 (+189%), from €45,831 to €132,455
mainly Depreciation (+€30,349) and Tax, wage and social debts (+€30,254)
- Intangible fixed assets -€18,989
down €18,989 (-38.0%), from €49,948 to €30,959
- Tangible fixed assets -€9,077
down €9,077 (-51.5%), from €17,635 to €8,558
of which Furniture and vehicles: -€7,647
- Receivables within one year -€2,434
down €2,434 (-13.0%), from €18,731 to €16,297
of which Trade receivables: -€2,954
- Deferred charges and accrued income -€2,076
down €2,076 (-48.1%), from €4,317 to €2,240
- Tax, wage and social debts +€30,254
up €30,254 (+122%), from €24,836 to €55,090
of which Taxes: +€32,811
- Reserves +€26,903
up €26,903 (+83.5%), from €32,217 to €59,120
- Current portion of long-term debt -€8,899
down €8,899 (-100%), from €8,899 to €0
- Trade debts +€3,975
up €3,975 (+48.7%), from €8,166 to €12,142
- Other debts +€2,227
up €2,227 (+22.9%), from €9,715 to €11,943
- Gross operating margin +€17,558
up €17,558 (+32.8%), from €53,549 to €71,107
- Taxes +€5,163
up €5,163 (+60.4%), from €8,545 to €13,707
- Depreciation -€2,391
down €2,391 (-7.3%), from €32,740 to €30,349
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 | €136,518 | €190,566 | +€54,048 | +39.6% |
| Fixed assets | 21/28 | €67,640 | €39,574 | -€28,066 | -41.5% |
| Intangible fixed assets | 21 | €49,948 | €30,959 | -€18,989 | -38.0% |
| Tangible fixed assets | 22/27 | €17,635 | €8,558 | -€9,077 | -51.5% |
| Land and buildings | 22 | €4,499 | €3,525 | -€974 | -21.6% |
| Plant, machinery and equipment | 23 | €1,080 | €624 | -€456 | -42.2% |
| Furniture and vehicles | 24 | €12,057 | €4,409 | -€7,647 | -63.4% |
| Financial fixed assets | 28 | €57 | €57 | = | 0.0% |
| Current assets | 29/58 | €68,878 | €150,992 | +€82,114 | +119% |
| Amounts receivable within one year | 40/41 | €18,731 | €16,297 | -€2,434 | -13.0% |
| Trade receivables | 40 | €12,067 | €9,113 | -€2,954 | -24.5% |
| Other amounts receivable | 41 | €6,664 | €7,184 | +€520 | +7.8% |
| Cash at bank and in hand | 54/58 | €45,831 | €132,455 | +€86,624 | +189% |
| Deferred charges and accrued income | 490/1 | €4,317 | €2,240 | -€2,076 | -48.1% |
| Total equity and liabilities | 10/49 | €136,518 | €190,566 | +€54,048 | +39.6% |
| Equity | 10/15 | €84,901 | €109,944 | +€25,043 | +29.5% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €32,217 | €59,120 | +€26,903 | +83.5% |
| Distributable reserves | 133 | €32,217 | €59,120 | +€26,903 | +83.5% |
| Profit (loss) carried forward | 14 | €32,224 | €32,224 | = | 0.0% |
| Amounts payable | 17/49 | €51,617 | €80,622 | +€29,005 | +56.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €51,617 | €80,622 | +€29,005 | +56.2% |
| Current portion of amounts payable after more than one year | 42 | €8,899 | €0 | -€8,899 | -100% |
| Financial debts | 43 | - | €1,447 | +€1,447 | |
| Credit institutions | 430/8 | - | €1,447 | +€1,447 | |
| Trade debts | 44 | €8,166 | €12,142 | +€3,975 | +48.7% |
| Suppliers | 440/4 | €8,166 | €12,142 | +€3,975 | +48.7% |
| Taxes, remuneration and social security | 45 | €24,836 | €55,090 | +€30,254 | +122% |
| Taxes | 450/3 | €22,279 | €55,090 | +€32,811 | +147% |
| Remuneration and social security | 454/9 | €2,557 | €0 | -€2,557 | -100% |
| Other amounts payable | 47/48 | €9,715 | €11,943 | +€2,227 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,740 | €30,349 | -€2,391 | -7.3% |
| Other operating charges | 640/8 | €914 | €1,025 | +€111 | +12.1% |
| Gross operating margin | 9900 | €53,549 | €71,107 | +€17,558 | +32.8% |
| Operating profit (loss) | 9901 | €19,895 | €39,733 | +€19,838 | +99.7% |
| Financial income | 75/76B | €21 | €0 | -€21 | -99.9% |
| Recurring financial income | 75 | €21 | €0 | -€21 | -99.9% |
| Financial charges | 65/66B | €717 | €983 | +€266 | +37.1% |
| Recurring financial charges | 65 | €717 | €983 | +€266 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | €19,199 | €38,751 | +€19,552 | +102% |
| Income taxes | 67/77 | €8,545 | €13,707 | +€5,163 | +60.4% |
| Profit (loss) for the period | 9904 | €10,654 | €25,043 | +€14,389 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €10,654 | €25,043 | +€14,389 | +135% |
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 19 October 2026 via checked.be.