LAURAKI: 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.
LAURAKI
Largest movements
- Tangible fixed assets -€1.2m
down €1.2m (-72.1%), from €1.6m to €456,899
of which Land and buildings: -€1.2m
- Cash -€40,221
down €40,221 (-62.7%), from €64,191 to €23,970
mainly Net result for the year (-€838,413) and Debts after one year (-€300,000)
- Profit (loss) carried forward -€838,413
new in 2025: -€838,413
- Debts after one year -€300,000
down €300,000 (-56.7%), from €529,328 to €229,328
- Other debts -€73,543
down €73,543 (-65.4%), from €112,413 to €38,871
- Financial charges -€24,685
down €24,685 (-97.6%), from €25,280 to €595
- Gross operating margin +€15,348
up €15,348 (+19.4%), from €79,204 to €94,553
- Depreciation -€9,575
down €9,575 (-27.9%), from €34,259 to €24,684
- Financial income -€9,271
no longer reported in 2025 (was €9,271)
- Other operating charges -€1,288
down €1,288 (-8.8%), from €14,573 to €13,285
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 | €1,707,590 | €483,149 | -€1.2m | -71.7% |
| Fixed assets | 21/28 | €1,635,762 | €456,899 | -€1.2m | -72.1% |
| Tangible fixed assets | 22/27 | €1,635,762 | €456,899 | -€1.2m | -72.1% |
| Land and buildings | 22 | €1,624,096 | €450,657 | -€1.2m | -72.3% |
| Furniture and vehicles | 24 | €11,666 | €6,242 | -€5,424 | -46.5% |
| Current assets | 29/58 | €71,828 | €26,250 | -€45,578 | -63.5% |
| Amounts receivable within one year | 40/41 | €2,747 | - | -€2,747 | |
| Trade receivables | 40 | €2,611 | - | -€2,611 | |
| Other amounts receivable | 41 | €136 | - | -€136 | |
| Cash at bank and in hand | 54/58 | €64,191 | €23,970 | -€40,221 | -62.7% |
| Deferred charges and accrued income | 490/1 | €4,890 | €2,280 | -€2,610 | -53.4% |
| Total equity and liabilities | 10/49 | €1,707,590 | €483,149 | -€1.2m | -71.7% |
| Equity | 10/15 | €1,042,423 | €204,010 | -€838,413 | -80.4% |
| Contributions | 10/11 | €954,293 | €954,293 | = | 0.0% |
| Revaluation surpluses | 12 | €15,599 | €15,599 | = | 0.0% |
| Reserves | 13 | €72,531 | €72,531 | = | 0.0% |
| Distributable reserves | 133 | €72,531 | €72,531 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€838,413 | -€838,413 | |
| Amounts payable | 17/49 | €665,167 | €279,139 | -€386,028 | -58.0% |
| Amounts payable after more than one year | 17 | €529,328 | €229,328 | -€300,000 | -56.7% |
| Financial debts | 170/4 | €529,328 | €229,328 | -€300,000 | -56.7% |
| Amounts payable within one year | 42/48 | €129,834 | €39,754 | -€90,080 | -69.4% |
| Trade debts | 44 | €758 | €431 | -€328 | -43.2% |
| Suppliers | 440/4 | €758 | €431 | -€328 | -43.2% |
| Taxes, remuneration and social security | 45 | €16,662 | €452 | -€16,210 | -97.3% |
| Taxes | 450/3 | €16,662 | €452 | -€16,210 | -97.3% |
| Other amounts payable | 47/48 | €112,413 | €38,871 | -€73,543 | -65.4% |
| Accrued charges and deferred income | 492/3 | €6,005 | €10,057 | +€4,052 | +67.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,259 | €24,684 | -€9,575 | -27.9% |
| Other operating charges | 640/8 | €14,573 | €13,285 | -€1,288 | -8.8% |
| Non-recurring operating charges | 66A | €12,178 | €894,179 | +€882,002 | +7242.9% |
| Gross operating margin | 9900 | €79,204 | €94,553 | +€15,348 | +19.4% |
| Operating profit (loss) | 9901 | €18,195 | -€837,596 | -€855,790 | |
| Financial income | 75/76B | €9,271 | - | -€9,271 | |
| Recurring financial income | 75 | €9,271 | - | -€9,271 | |
| Financial charges | 65/66B | €25,280 | €595 | -€24,685 | -97.6% |
| Recurring financial charges | 65 | €25,280 | €595 | -€24,685 | -97.6% |
| Profit (loss) for the period before taxes | 9903 | €2,186 | -€838,190 | -€840,377 | |
| Income taxes | 67/77 | €312 | €223 | -€89 | -28.6% |
| Profit (loss) for the period | 9904 | €1,874 | -€838,413 | -€840,288 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,874 | -€838,413 | -€840,288 |
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 12 October 2026 via checked.be.