LAUREAL: 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.
LAUREAL
Largest movements
- Tangible fixed assets -€27,233
down €27,233 (-5.5%), from €494,157 to €466,924
of which Land and buildings: -€27,123
- Cash +€7,983
up €7,983 (+21.6%), from €37,031 to €45,014
mainly Depreciation (+€33,922) and Deferred charges and accrued income (+€6,793)
- Deferred charges and accrued income -€6,793
down €6,793 (-98.2%), from €6,920 to €127
- Debts after one year -€9,846
down €9,846 (-8.2%), from €120,017 to €110,170
- Profit (loss) carried forward -€9,021
down €9,021 (-7.5%), from -€120,241 to -€129,262
- Reserves -€6,599
down €6,599 (-3.4%), from €194,361 to €187,763
of which Tax-exempt reserves: -€6,599
- Gross operating margin -€10,957
down €10,957 (-35.3%), from €31,043 to €20,086
- Financial income +€1,906
up €1,906 (+9981.6%), from €19 to €1,926
- Depreciation +€586
up €586 (+1.8%), from €33,335 to €33,922
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 | €540,081 | €512,777 | -€27,304 | -5.1% |
| Fixed assets | 21/28 | €494,157 | €466,924 | -€27,233 | -5.5% |
| Tangible fixed assets | 22/27 | €494,157 | €466,924 | -€27,233 | -5.5% |
| Land and buildings | 22 | €493,937 | €466,814 | -€27,123 | -5.5% |
| Furniture and vehicles | 24 | €220 | €110 | -€110 | -50.0% |
| Current assets | 29/58 | €45,924 | €45,853 | -€71 | -0.2% |
| Amounts receivable within one year | 40/41 | €1,973 | €712 | -€1,261 | -63.9% |
| Trade receivables | 40 | €1,073 | €0 | -€1,073 | -100.0% |
| Other amounts receivable | 41 | €900 | €712 | -€188 | -20.9% |
| Cash at bank and in hand | 54/58 | €37,031 | €45,014 | +€7,983 | +21.6% |
| Deferred charges and accrued income | 490/1 | €6,920 | €127 | -€6,793 | -98.2% |
| Total equity and liabilities | 10/49 | €540,081 | €512,777 | -€27,304 | -5.1% |
| Equity | 10/15 | €350,037 | €334,418 | -€15,620 | -4.5% |
| Contributions | 10/11 | €275,917 | €275,917 | = | 0.0% |
| Reserves | 13 | €194,361 | €187,763 | -€6,599 | -3.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €105,250 | €98,651 | -€6,599 | -6.3% |
| Distributable reserves | 133 | €89,112 | €89,112 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,241 | -€129,262 | -€9,021 | -7.5% |
| Provisions and deferred taxes | 16 | €57,924 | €54,526 | -€3,398 | -5.9% |
| Deferred taxes | 168 | €57,924 | €54,526 | -€3,398 | -5.9% |
| Amounts payable | 17/49 | €132,120 | €123,834 | -€8,286 | -6.3% |
| Amounts payable after more than one year | 17 | €120,017 | €110,170 | -€9,846 | -8.2% |
| Financial debts | 170/4 | €120,017 | €110,170 | -€9,846 | -8.2% |
| Amounts payable within one year | 42/48 | €10,703 | €12,660 | +€1,957 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €9,696 | €9,846 | +€150 | +1.6% |
| Trade debts | 44 | €221 | €434 | +€213 | +96.1% |
| Suppliers | 440/4 | €221 | €434 | +€213 | +96.1% |
| Other amounts payable | 47/48 | €786 | €2,380 | +€1,594 | +202.8% |
| Accrued charges and deferred income | 492/3 | €1,400 | €1,003 | -€397 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,335 | €33,922 | +€586 | +1.8% |
| Other operating charges | 640/8 | €4,762 | €4,718 | -€43 | -0.9% |
| Gross operating margin | 9900 | €31,043 | €20,086 | -€10,957 | -35.3% |
| Operating profit (loss) | 9901 | -€7,054 | -€18,554 | -€11,500 | -163.0% |
| Financial income | 75/76B | €19 | €1,926 | +€1,906 | +9981.6% |
| Recurring financial income | 75 | €19 | €1,926 | +€1,906 | +9981.6% |
| Financial charges | 65/66B | €2,258 | €2,358 | +€100 | +4.4% |
| Recurring financial charges | 65 | €2,258 | €2,358 | +€100 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,292 | -€18,987 | -€9,694 | -104.3% |
| Transfer from deferred taxes | 780 | €3,398 | €3,398 | = | 0.0% |
| Income taxes | 67/77 | €6 | €31 | +€25 | +435.4% |
| Profit (loss) for the period | 9904 | -€5,900 | -€15,620 | -€9,719 | -164.7% |
| Transfer from tax-exempt reserves | 789 | €6,599 | €6,599 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €699 | -€9,021 | -€9,719 |
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 11 October 2026 via checked.be.