LAURATEX: 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.
What changed
LAURATEX
NACE 64.210, Activities of holding companies
financial year 2023 against 2025not consecutivefiled annual accounts (NBB)
Net result for the year
€8.2m
2023 · €1.7m+€6.5m
Equity
€10.9m
2023 · €2.7m+€8.2m
Cash
€50,556
2023 · €210,548-€159,992
Balance sheet total
€13.4m
2023 · €7.4m+€6.1m
Largest movements
Assets
- Tangible fixed assets +€5.2m
up €5.2m (+3437.8%), from €150,125 to €5.3m
of which Land and buildings: +€5.1m
- Receivables after one year +€835,000
up €835,000 (+45.3%), from €1.8m to €2.7m
- Cash -€159,992
down €159,992 (-76.0%), from €210,548 to €50,556
Equity and liabilities
- Reserves +€8.2m
up €8.2m (+305.3%), from €2.7m to €10.9m
of which Distributable reserves: +€8.3m
- Debts after one year -€2.3m
down €2.3m (-56.6%), from €4.1m to €1.8m
- Other debts +€183,899
up €183,899 (+1699.5%), from €10,821 to €194,720
Income statement
- Financial income +€5.8m
up €5.8m (+458.5%), from €1.3m to €7.0m
- Turnover +€2.0m
up €2.0m (+179.6%), from €1.1m to €3.1m
- Other operating charges +€466,038
up €466,038 (+38035.9%), from €1,225 to €467,264
- Taxes +€245,040
up €245,040 (+128.4%), from €190,770 to €435,809
- Staff costs +€187,614
up €187,614 (+115.0%), from €163,209 to €350,824
From the 2023 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.
Result 2023
€1.7m
Turnover
+€2.0m
Other operating income
+€19,181
Services and other goods
-€91,491
Staff costs
-€187,614
Depreciation
-€136,561
Other operating charges
-€466,038
Other operating items
-€1,397
Financial income
+€5.8m
Financial charges
-€184,056
Taxes
-€245,040
Result 2025
€8.2m
Cash bridge derived
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,357,012 | €13,421,513 | +€6.1m | +82.4% |
| Fixed assets | 21/28 | €5,035,125 | €10,196,131 | +€5.2m | +102.5% |
| Tangible fixed assets | 22/27 | €150,125 | €5,311,131 | +€5.2m | +3437.8% |
| Land and buildings | 22 | €147,949 | €5,225,464 | +€5.1m | +3431.9% |
| Furniture and vehicles | 24 | €2,177 | €85,667 | +€83,490 | +3835.7% |
| Financial fixed assets | 28 | €4,885,000 | €4,885,000 | = | 0.0% |
| Affiliated companies | 280/1 | €4,885,000 | €4,885,000 | = | 0.0% |
| Participating interests | 280 | €4,885,000 | €4,885,000 | = | 0.0% |
| Current assets | 29/58 | €2,321,887 | €3,225,382 | +€903,495 | +38.9% |
| Amounts receivable after more than one year | 29 | €1,845,000 | €2,680,000 | +€835,000 | +45.3% |
| Other amounts receivable | 291 | €1,845,000 | €2,680,000 | +€835,000 | +45.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €182,460 | €289,917 | +€107,457 | +58.9% |
| Trade receivables | 40 | €67,266 | €85,000 | +€17,734 | +26.4% |
| Other amounts receivable | 41 | €115,193 | €204,917 | +€89,724 | +77.9% |
| Cash at bank and in hand | 54/58 | €210,548 | €50,556 | -€159,992 | -76.0% |
| Deferred charges and accrued income | 490/1 | €83,880 | €204,910 | +€121,030 | +144.3% |
| Total equity and liabilities | 10/49 | €7,357,012 | €13,421,513 | +€6.1m | +82.4% |
| Equity | 10/15 | €2,687,712 | €10,875,002 | +€8.2m | +304.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,681,512 | €10,868,802 | +€8.2m | +305.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €64,413 | €0 | -€64,413 | -100.0% |
| Distributable reserves | 133 | €2,617,099 | €10,868,802 | +€8.3m | +315.3% |
| Amounts payable | 17/49 | €4,669,300 | €2,546,512 | -€2.1m | -45.5% |
| Amounts payable after more than one year | 17 | €4,067,135 | €1,764,452 | -€2.3m | -56.6% |
| Financial debts | 170/4 | €4,067,135 | €1,764,452 | -€2.3m | -56.6% |
| Credit institutions | 173 | €1,532,135 | €879,452 | -€652,683 | -42.6% |
| Other loans | 174 | €2,535,000 | €885,000 | -€1.7m | -65.1% |
| Amounts payable within one year | 42/48 | €571,276 | €715,248 | +€143,972 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €394,857 | €436,093 | +€41,236 | +10.4% |
| Trade debts | 44 | €15,821 | €24,500 | +€8,679 | +54.9% |
| Suppliers | 440/4 | €15,821 | €24,500 | +€8,679 | +54.9% |
| Taxes, remuneration and social security | 45 | €149,777 | €59,935 | -€89,842 | -60.0% |
| Taxes | 450/3 | €123,407 | €10,358 | -€113,049 | -91.6% |
| Remuneration and social security | 454/9 | €26,370 | €49,578 | +€23,208 | +88.0% |
| Other amounts payable | 47/48 | €10,821 | €194,720 | +€183,899 | +1699.5% |
| Accrued charges and deferred income | 492/3 | €30,889 | €66,811 | +€35,923 | +116.3% |
| Operating income | 70/76A | €1,105,027 | €3,099,611 | +€2.0m | +180.5% |
| Turnover | 70 | €1,099,597 | €3,075,000 | +€2.0m | +179.6% |
| Other operating income | 74 | €5,430 | €24,611 | +€19,181 | +353.2% |
| Operating charges | 60/66A | €342,174 | €1,225,276 | +€883,101 | +258.1% |
| Services and other goods | 61 | €162,815 | €254,306 | +€91,491 | +56.2% |
| Remuneration, social security and pensions | 62 | €163,209 | €350,824 | +€187,614 | +115.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,924 | €151,485 | +€136,561 | +915.0% |
| Other operating charges | 640/8 | €1,225 | €467,264 | +€466,038 | +38035.9% |
| Non-recurring operating charges | 66A | - | €1,397 | +€1,397 | |
| Operating profit (loss) | 9901 | €762,853 | €1,874,335 | +€1.1m | +145.7% |
| Financial income | 75/76B | €1,258,898 | €7,031,093 | +€5.8m | +458.5% |
| Recurring financial income | 75 | €1,258,898 | €7,031,093 | +€5.8m | +458.5% |
| Income from financial fixed assets | 750 | €1,180,000 | €6,900,000 | +€5.7m | +484.7% |
| Income from current assets | 751 | €78,898 | €131,007 | +€52,109 | +66.0% |
| Other financial income | 752/9 | €0 | €86 | +€85 | +427400.0% |
| Financial charges | 65/66B | €92,566 | €276,622 | +€184,056 | +198.8% |
| Recurring financial charges | 65 | €92,566 | €276,622 | +€184,056 | +198.8% |
| Debt charges | 650 | €91,436 | €274,919 | +€183,483 | +200.7% |
| Other financial charges | 652/9 | €1,130 | €1,703 | +€572 | +50.6% |
| Profit (loss) for the period before taxes | 9903 | €1,929,185 | €8,628,806 | +€6.7m | +347.3% |
| Income taxes | 67/77 | €190,770 | €435,809 | +€245,040 | +128.4% |
| Taxes | 670/3 | €190,770 | €435,809 | +€245,040 | +128.4% |
| Profit (loss) for the period | 9904 | €1,738,415 | €8,192,997 | +€6.5m | +371.3% |
| Transfer from tax-exempt reserves | 789 | - | €64,413 | +€64,413 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,738,415 | €8,257,410 | +€6.5m | +375.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.