LAURE & PAPER: 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.
LAURE & PAPER
Largest movements
- Receivables within one year +€44,832
up €44,832 (+1,151%), from €3,897 to €48,728
of which Trade receivables: +€44,609
- Cash -€6,529
down €6,529 (-79.4%), from €8,226 to €1,697
mainly Receivables within one year (-€44,832) and Trade debts (-€239)
- Profit (loss) carried forward +€22,255
up €22,255, from -€10,505 to €11,750
- Other debts +€11,932
up €11,932 (+299%), from €3,996 to €15,928
- Tax, wage and social debts +€3,930
up €3,930 (+37.7%), from €10,425 to €14,356
of which Taxes: +€2,394
- Taxes +€7,116
new in 2025: €7,116
- Gross operating margin +€6,028
up €6,028 (+10.0%), from €60,558 to €66,586
- Staff costs +€4,890
up €4,890 (+15.2%), from €32,253 to €37,143
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 | €12,123 | €50,426 | +€38,303 | +316% |
| Current assets | 29/58 | €12,123 | €50,426 | +€38,303 | +316% |
| Amounts receivable within one year | 40/41 | €3,897 | €48,728 | +€44,832 | +1,151% |
| Trade receivables | 40 | €3,897 | €48,505 | +€44,609 | +1,145% |
| Other amounts receivable | 41 | - | €223 | +€223 | |
| Cash at bank and in hand | 54/58 | €8,226 | €1,697 | -€6,529 | -79.4% |
| Total equity and liabilities | 10/49 | €12,123 | €50,426 | +€38,303 | +316% |
| Equity | 10/15 | -€4,293 | €17,962 | +€22,255 | |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €15 | €15 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15 | €15 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15 | €15 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,505 | €11,750 | +€22,255 | |
| Amounts payable | 17/49 | €16,416 | €32,464 | +€16,048 | +97.8% |
| Amounts payable within one year | 42/48 | €16,416 | €32,039 | +€15,624 | +95.2% |
| Trade debts | 44 | €1,994 | €1,756 | -€239 | -12.0% |
| Suppliers | 440/4 | €1,994 | €1,756 | -€239 | -12.0% |
| Taxes, remuneration and social security | 45 | €10,425 | €14,356 | +€3,930 | +37.7% |
| Taxes | 450/3 | €6,380 | €8,774 | +€2,394 | +37.5% |
| Remuneration and social security | 454/9 | €4,046 | €5,582 | +€1,536 | +38.0% |
| Other amounts payable | 47/48 | €3,996 | €15,928 | +€11,932 | +299% |
| Accrued charges and deferred income | 492/3 | - | €424 | +€424 | |
| Remuneration, social security and pensions | 62 | €32,253 | €37,143 | +€4,890 | +15.2% |
| Gross operating margin | 9900 | €60,558 | €66,586 | +€6,028 | +10.0% |
| Operating profit (loss) | 9901 | €28,305 | €29,443 | +€1,138 | +4.0% |
| Financial income | 75/76B | €0 | €5 | +€5 | +1,687% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +1,687% |
| Financial charges | 65/66B | €47 | €78 | +€31 | +67.3% |
| Recurring financial charges | 65 | €47 | €78 | +€31 | +67.3% |
| Profit (loss) for the period before taxes | 9903 | €28,259 | €29,371 | +€1,112 | +3.9% |
| Income taxes | 67/77 | - | €7,116 | +€7,116 | |
| Profit (loss) for the period | 9904 | €28,259 | €22,255 | -€6,004 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,259 | €22,255 | -€6,004 | -21.2% |
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 20 October 2026 via checked.be.