LAURANDER: 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.
LAURANDER
Largest movements
- Tangible fixed assets -€71,621
down €71,621 (-2.9%), from €2.5m to €2.4m
of which Land and buildings: -€71,321
- Current investments -€60,355
down €60,355 (-26.1%), from €231,527 to €171,172
- Trade debts -€106,877
down €106,877 (-97.3%), from €109,794 to €2,917
- Other debts -€77,547
down €77,547 (-14.3%), from €541,809 to €464,262
- Reserves +€74,626
up €74,626 (+3.8%), from €1.9m to €2.0m
of which Distributable reserves: +€74,626
- Financial income +€265,986
up €265,986 (+269.8%), from €98,592 to €364,577
- Financial charges +€199,525
up €199,525 (+2164.2%), from €9,219 to €208,744
- Taxes +€71,042
up €71,042 (+227.7%), from €31,197 to €102,240
- Depreciation -€31,082
down €31,082 (-28.0%), from €111,028 to €79,946
- Gross operating margin -€19,180
down €19,180 (-13.5%), from €142,475 to €123,295
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 | €2,774,149 | €2,638,172 | -€135,976 | -4.9% |
| Fixed assets | 21/28 | €2,509,638 | €2,438,017 | -€71,621 | -2.9% |
| Tangible fixed assets | 22/27 | €2,509,638 | €2,438,017 | -€71,621 | -2.9% |
| Land and buildings | 22 | €2,179,416 | €2,108,095 | -€71,321 | -3.3% |
| Furniture and vehicles | 24 | €4,222 | €3,922 | -€300 | -7.1% |
| Other tangible fixed assets | 26 | €326,000 | €326,000 | = | 0.0% |
| Current assets | 29/58 | €264,511 | €200,155 | -€64,356 | -24.3% |
| Amounts receivable within one year | 40/41 | €10,331 | €19,453 | +€9,122 | +88.3% |
| Trade receivables | 40 | €2,639 | €0 | -€2,639 | -100.0% |
| Other amounts receivable | 41 | €7,692 | €19,453 | +€11,761 | +152.9% |
| Current investments | 50/53 | €231,527 | €171,172 | -€60,355 | -26.1% |
| Cash at bank and in hand | 54/58 | €21,965 | €8,870 | -€13,095 | -59.6% |
| Deferred charges and accrued income | 490/1 | €687 | €659 | -€28 | -4.1% |
| Total equity and liabilities | 10/49 | €2,774,149 | €2,638,172 | -€135,976 | -4.9% |
| Equity | 10/15 | €1,967,063 | €2,041,690 | +€74,626 | +3.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,947,063 | €2,021,690 | +€74,626 | +3.8% |
| Tax-exempt reserves | 132 | €4,388 | €4,388 | = | 0.0% |
| Distributable reserves | 133 | €1,942,675 | €2,017,301 | +€74,626 | +3.8% |
| Amounts payable | 17/49 | €807,085 | €596,483 | -€210,602 | -26.1% |
| Amounts payable after more than one year | 17 | €95,552 | €78,299 | -€17,254 | -18.1% |
| Financial debts | 170/4 | €95,552 | €78,299 | -€17,254 | -18.1% |
| Amounts payable within one year | 42/48 | €706,381 | €510,608 | -€195,772 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €28,602 | €17,254 | -€11,348 | -39.7% |
| Trade debts | 44 | €109,794 | €2,917 | -€106,877 | -97.3% |
| Suppliers | 440/4 | €109,794 | €2,917 | -€106,877 | -97.3% |
| Taxes, remuneration and social security | 45 | €26,176 | €26,176 | = | 0.0% |
| Taxes | 450/3 | €26,176 | €26,176 | = | 0.0% |
| Other amounts payable | 47/48 | €541,809 | €464,262 | -€77,547 | -14.3% |
| Accrued charges and deferred income | 492/3 | €5,152 | €7,575 | +€2,424 | +47.0% |
| Non-recurring operating income | 76A | €15,796 | €0 | -€15,796 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,028 | €79,946 | -€31,082 | -28.0% |
| Other operating charges | 640/8 | €24,275 | €22,317 | -€1,959 | -8.1% |
| Gross operating margin | 9900 | €142,475 | €123,295 | -€19,180 | -13.5% |
| Operating profit (loss) | 9901 | €7,172 | €21,032 | +€13,860 | +193.3% |
| Financial income | 75/76B | €98,592 | €364,577 | +€265,986 | +269.8% |
| Recurring financial income | 75 | €98,592 | €364,577 | +€265,986 | +269.8% |
| Financial charges | 65/66B | €9,219 | €208,744 | +€199,525 | +2164.2% |
| Recurring financial charges | 65 | €9,219 | €208,744 | +€199,525 | +2164.2% |
| Profit (loss) for the period before taxes | 9903 | €96,544 | €176,866 | +€80,321 | +83.2% |
| Income taxes | 67/77 | €31,197 | €102,240 | +€71,042 | +227.7% |
| Profit (loss) for the period | 9904 | €65,347 | €74,626 | +€9,279 | +14.2% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €65,347 | €74,626 | +€9,279 | +14.2% |
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 3 October 2026 via checked.be.