LAUREA: 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.
LAUREA
Largest movements
- Receivables within one year -€7,997
down €7,997 (-76.1%), from €10,502 to €2,505
of which Other amounts receivable: -€7,627
- Tangible fixed assets -€2,369
down €2,369 (-8.3%), from €28,392 to €26,023
of which Other tangible fixed assets: -€1,704
- Stocks and contracts -€1,126
down €1,126 (-56.5%), from €1,992 to €866
- Formation expenses -€791
down €791 (-37.3%), from €2,119 to €1,328
- Cash -€766
down €766 (-14.6%), from €5,263 to €4,497
mainly Net result for the year (-€12,233) and Investment in fixed assets (net) (-€5,613)
- Profit (loss) carried forward -€12,233
down €12,233, from €517 to -€11,715
- Trade debts +€5,735
up €5,735 (+80.1%), from €7,162 to €12,897
- Debts after one year -€3,943
down €3,943 (-28.7%), from €13,759 to €9,816
- Current portion of long-term debt -€3,362
down €3,362 (-46.0%), from €7,304 to €3,943
- Accrued charges and deferred income +€747
up €747, from €0 to €747
- Gross operating margin +€40,350
up €40,350 (+105.8%), from €38,121 to €78,471
- Staff costs +€39,457
up €39,457 (+98.8%), from €39,940 to €79,397
- Depreciation +€2,289
up €2,289 (+35.3%), from €6,483 to €8,772
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 | €52,102 | €39,672 | -€12,431 | -23.9% |
| Formation expenses | 20 | €2,119 | €1,328 | -€791 | -37.3% |
| Fixed assets | 21/28 | €28,572 | €26,203 | -€2,369 | -8.3% |
| Tangible fixed assets | 22/27 | €28,392 | €26,023 | -€2,369 | -8.3% |
| Furniture and vehicles | 24 | €21,273 | €21,793 | +€520 | +2.4% |
| Other tangible fixed assets | 26 | €5,934 | €4,230 | -€1,704 | -28.7% |
| Assets under construction and advance payments | 27 | €1,185 | €0 | -€1,185 | -100.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €21,412 | €12,141 | -€9,271 | -43.3% |
| Stocks and contracts in progress | 3 | €1,992 | €866 | -€1,126 | -56.5% |
| Stocks | 30/36 | €1,992 | €866 | -€1,126 | -56.5% |
| Amounts receivable within one year | 40/41 | €10,502 | €2,505 | -€7,997 | -76.1% |
| Trade receivables | 40 | €1,876 | €1,505 | -€371 | -19.8% |
| Other amounts receivable | 41 | €8,627 | €1,000 | -€7,627 | -88.4% |
| Cash at bank and in hand | 54/58 | €5,263 | €4,497 | -€766 | -14.6% |
| Deferred charges and accrued income | 490/1 | €3,655 | €4,273 | +€618 | +16.9% |
| Total equity and liabilities | 10/49 | €52,102 | €39,672 | -€12,431 | -23.9% |
| Equity | 10/15 | €5,517 | -€6,715 | -€12,233 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €517 | -€11,715 | -€12,233 | |
| Amounts payable | 17/49 | €46,585 | €46,387 | -€198 | -0.4% |
| Amounts payable after more than one year | 17 | €13,759 | €9,816 | -€3,943 | -28.7% |
| Financial debts | 170/4 | €13,759 | €9,816 | -€3,943 | -28.7% |
| Amounts payable within one year | 42/48 | €32,826 | €35,825 | +€2,999 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €7,304 | €3,943 | -€3,362 | -46.0% |
| Trade debts | 44 | €7,162 | €12,897 | +€5,735 | +80.1% |
| Suppliers | 440/4 | €7,162 | €12,897 | +€5,735 | +80.1% |
| Taxes, remuneration and social security | 45 | €11,845 | €12,545 | +€700 | +5.9% |
| Taxes | 450/3 | €3,039 | €2,697 | -€342 | -11.2% |
| Remuneration and social security | 454/9 | €8,806 | €9,848 | +€1,042 | +11.8% |
| Other amounts payable | 47/48 | €6,515 | €6,440 | -€75 | -1.2% |
| Accrued charges and deferred income | 492/3 | €0 | €747 | +€747 | |
| Remuneration, social security and pensions | 62 | €39,940 | €79,397 | +€39,457 | +98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,483 | €8,772 | +€2,289 | +35.3% |
| Other operating charges | 640/8 | €1,222 | €1,574 | +€353 | +28.9% |
| Gross operating margin | 9900 | €38,121 | €78,471 | +€40,350 | +105.8% |
| Operating profit (loss) | 9901 | -€9,524 | -€11,273 | -€1,749 | -18.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,000 | €960 | -€40 | -4.0% |
| Recurring financial charges | 65 | €1,000 | €960 | -€40 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,524 | -€12,233 | -€1,708 | -16.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€10,524 | -€12,233 | -€1,708 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,524 | -€12,233 | -€1,708 | -16.2% |
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 5 October 2026 via checked.be.