LAURELSA: 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.
LAURELSA
Largest movements
- Cash +€88,224
up €88,224 (+133%), from €66,492 to €154,716
mainly Other debts (+€64,471) and Net result for the year (+€41,545)
- Receivables within one year -€24,425
down €24,425 (-58.3%), from €41,911 to €17,486
of which Trade receivables: -€18,938
- Tangible fixed assets -€10,995
down €10,995 (-69.3%), from €15,855 to €4,860
of which Furniture and vehicles: -€9,134
- Deferred charges and accrued income +€10,000
new in 2025: €10,000
- Other debts +€64,471
up €64,471 (+79.0%), from €81,656 to €146,127
- Profit (loss) carried forward -€18,695
no longer reported in 2025 (was €18,695)
- Tax, wage and social debts +€12,400
up €12,400 (+108%), from €11,457 to €23,857
- Trade debts +€4,627
up €4,627 (+49.0%), from €9,451 to €14,077
- Financial charges +€42,031
up €42,031 (+19,421%), from €216 to €42,248
- Gross operating margin +€37,966
up €37,966 (+52.2%), from €72,692 to €110,658
- Depreciation -€2,381
down €2,381 (-17.8%), from €13,376 to €10,995
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 | €124,258 | €187,062 | +€62,804 | +50.5% |
| Fixed assets | 21/28 | €15,855 | €4,860 | -€10,995 | -69.3% |
| Tangible fixed assets | 22/27 | €15,855 | €4,860 | -€10,995 | -69.3% |
| Furniture and vehicles | 24 | €10,536 | €1,403 | -€9,134 | -86.7% |
| Other tangible fixed assets | 26 | €5,318 | €3,457 | -€1,862 | -35.0% |
| Current assets | 29/58 | €108,403 | €182,202 | +€73,799 | +68.1% |
| Amounts receivable within one year | 40/41 | €41,911 | €17,486 | -€24,425 | -58.3% |
| Trade receivables | 40 | €32,303 | €13,365 | -€18,938 | -58.6% |
| Other amounts receivable | 41 | €9,608 | €4,120 | -€5,487 | -57.1% |
| Cash at bank and in hand | 54/58 | €66,492 | €154,716 | +€88,224 | +133% |
| Deferred charges and accrued income | 490/1 | - | €10,000 | +€10,000 | |
| Total equity and liabilities | 10/49 | €124,258 | €187,062 | +€62,804 | +50.5% |
| Equity | 10/15 | €21,695 | €3,000 | -€18,695 | -86.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,695 | - | -€18,695 | |
| Amounts payable | 17/49 | €102,564 | €184,062 | +€81,498 | +79.5% |
| Amounts payable within one year | 42/48 | €102,564 | €184,062 | +€81,498 | +79.5% |
| Trade debts | 44 | €9,451 | €14,077 | +€4,627 | +49.0% |
| Suppliers | 440/4 | €9,451 | €14,077 | +€4,627 | +49.0% |
| Taxes, remuneration and social security | 45 | €11,457 | €23,857 | +€12,400 | +108% |
| Taxes | 450/3 | €11,457 | €23,857 | +€12,400 | +108% |
| Other amounts payable | 47/48 | €81,656 | €146,127 | +€64,471 | +79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,376 | €10,995 | -€2,381 | -17.8% |
| Other operating charges | 640/8 | €1,385 | €1,588 | +€202 | +14.6% |
| Gross operating margin | 9900 | €72,692 | €110,658 | +€37,966 | +52.2% |
| Operating profit (loss) | 9901 | €57,931 | €98,075 | +€40,144 | +69.3% |
| Financial income | 75/76B | €150 | - | -€150 | |
| Recurring financial income | 75 | €150 | - | -€150 | |
| Financial charges | 65/66B | €216 | €42,248 | +€42,031 | +19,421% |
| Recurring financial charges | 65 | €216 | €42,248 | +€42,031 | +19,421% |
| Profit (loss) for the period before taxes | 9903 | €57,864 | €55,827 | -€2,037 | -3.5% |
| Income taxes | 67/77 | €14,602 | €14,282 | -€320 | -2.2% |
| Profit (loss) for the period | 9904 | €43,263 | €41,545 | -€1,717 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,263 | €41,545 | -€1,717 | -4.0% |
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 24 October 2026 via checked.be.