Laurea Group: 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.
Laurea Group
Largest movements
- Receivables within one year -€176,977
down €176,977 (-87.9%), from €201,318 to €24,341
of which Trade receivables: -€178,705
- Cash +€128,392
up €128,392 (+180%), from €71,298 to €199,689
mainly Receivables within one year (+€176,977) and Net result for the year (+€46,389)
- Accrued charges and deferred income -€110,683
down €110,683 (-55.5%), from €199,408 to €88,725
- Reserves +€34,875
up €34,875 (+302%), from €11,546 to €46,421
- Trade debts +€20,565
up €20,565 (+5,041%), from €408 to €20,973
- Tax, wage and social debts +€8,367
up €8,367 (+78.4%), from €10,667 to €19,034
of which Remuneration and social security: +€9,508
- Gross operating margin +€126,049
up €126,049 (+191%), from €65,827 to €191,876
- Staff costs +€74,274
up €74,274 (+150%), from €49,634 to €123,908
- Taxes +€15,241
up €15,241 (+11,907%), from €128 to €15,369
- Financial income -€3,901
down €3,901 (-100.0%), from €3,902 to €1
- Financial charges +€2,401
up €2,401 (+129%), from €1,861 to €4,262
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 | €275,745 | €228,373 | -€47,372 | -17.2% |
| Fixed assets | 21/28 | €2,271 | €1,637 | -€633 | -27.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,381 | €747 | -€633 | -45.9% |
| Furniture and vehicles | 24 | €1,381 | €747 | -€633 | -45.9% |
| Financial fixed assets | 28 | €890 | €890 | = | 0.0% |
| Current assets | 29/58 | €273,474 | €226,735 | -€46,738 | -17.1% |
| Amounts receivable within one year | 40/41 | €201,318 | €24,341 | -€176,977 | -87.9% |
| Trade receivables | 40 | €181,043 | €2,338 | -€178,705 | -98.7% |
| Other amounts receivable | 41 | €20,275 | €22,003 | +€1,728 | +8.5% |
| Cash at bank and in hand | 54/58 | €71,298 | €199,689 | +€128,392 | +180% |
| Deferred charges and accrued income | 490/1 | €858 | €2,705 | +€1,847 | +215% |
| Total equity and liabilities | 10/49 | €275,745 | €228,373 | -€47,372 | -17.2% |
| Equity | 10/15 | €44,891 | €79,766 | +€34,875 | +77.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €11,546 | €46,421 | +€34,875 | +302% |
| Distributable reserves | 133 | €11,546 | €46,421 | +€34,875 | +302% |
| Profit (loss) carried forward | 14 | €14,795 | €14,795 | = | 0.0% |
| Amounts payable | 17/49 | €230,854 | €148,607 | -€82,247 | -35.6% |
| Amounts payable within one year | 42/48 | €31,446 | €59,882 | +€28,436 | +90.4% |
| Trade debts | 44 | €408 | €20,973 | +€20,565 | +5,041% |
| Suppliers | 440/4 | €408 | €20,973 | +€20,565 | +5,041% |
| Taxes, remuneration and social security | 45 | €10,667 | €19,034 | +€8,367 | +78.4% |
| Taxes | 450/3 | €4,810 | €3,669 | -€1,141 | -23.7% |
| Remuneration and social security | 454/9 | €5,858 | €15,365 | +€9,508 | +162% |
| Other amounts payable | 47/48 | €20,371 | €19,875 | -€496 | -2.4% |
| Accrued charges and deferred income | 492/3 | €199,408 | €88,725 | -€110,683 | -55.5% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €49,634 | €123,908 | +€74,274 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,200 | €633 | -€566 | -47.2% |
| Other operating charges | 640/8 | €781 | €1,317 | +€536 | +68.5% |
| Non-recurring operating charges | 66A | €3,995 | €0 | -€3,995 | -100% |
| Gross operating margin | 9900 | €65,827 | €191,876 | +€126,049 | +191% |
| Operating profit (loss) | 9901 | €10,216 | €66,018 | +€55,802 | +546% |
| Financial income | 75/76B | €3,902 | €1 | -€3,901 | -100.0% |
| Recurring financial income | 75 | €3,902 | €1 | -€3,901 | -100.0% |
| Financial charges | 65/66B | €1,861 | €4,262 | +€2,401 | +129% |
| Recurring financial charges | 65 | €1,861 | €4,262 | +€2,401 | +129% |
| Profit (loss) for the period before taxes | 9903 | €12,257 | €61,757 | +€49,500 | +404% |
| Income taxes | 67/77 | €128 | €15,369 | +€15,241 | +11,907% |
| Profit (loss) for the period | 9904 | €12,129 | €46,389 | +€34,260 | +282% |
| Profit (loss) for the period to be appropriated | 9905 | €12,129 | €46,389 | +€34,260 | +282% |
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 17 October 2026 via checked.be.