Laurence: 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.
Laurence
Largest movements
- Cash -€17,113
down €17,113 (-92.1%), from €18,575 to €1,462
mainly Net result for the year (-€12,533) and Trade debts (-€9,576)
- Stocks and contracts -€6,043
down €6,043 (-30.3%), from €19,911 to €13,868
- Receivables within one year +€5,767
up €5,767 (+131.2%), from €4,395 to €10,162
of which Other amounts receivable: +€5,831
- Tangible fixed assets -€5,388
down €5,388 (-63.0%), from €8,554 to €3,166
- Profit (loss) carried forward -€12,533
down €12,533 (-108.7%), from -€11,532 to -€24,065
- Trade debts -€9,576
down €9,576 (-36.7%), from €26,121 to €16,544
- Short-term financial debts +€6,650
new in 2025: €6,650
- Tax, wage and social debts -€3,634
down €3,634 (-28.6%), from €12,727 to €9,093
of which Remuneration and social security: -€3,206
- Current portion of long-term debt -€3,269
no longer reported in 2025 (was €3,269)
- Write-downs +€18,941
up €18,941, from -€10,549 to €8,392
- Gross operating margin +€16,339
up €16,339 (+282.7%), from €5,780 to €22,119
- Taxes +€2,777
up €2,777, from -€414 to €2,364
- Other operating charges -€555
down €555 (-22.3%), from €2,490 to €1,935
- Staff costs +€410
up €410 (+2.8%), from €14,404 to €14,814
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,435 | €29,072 | -€22,363 | -43.5% |
| Fixed assets | 21/28 | €8,554 | €3,166 | -€5,388 | -63.0% |
| Tangible fixed assets | 22/27 | €8,554 | €3,166 | -€5,388 | -63.0% |
| Furniture and vehicles | 24 | €8,554 | €3,166 | -€5,388 | -63.0% |
| Current assets | 29/58 | €42,881 | €25,905 | -€16,975 | -39.6% |
| Stocks and contracts in progress | 3 | €19,911 | €13,868 | -€6,043 | -30.3% |
| Stocks | 30/36 | €19,911 | €13,868 | -€6,043 | -30.3% |
| Amounts receivable within one year | 40/41 | €4,395 | €10,162 | +€5,767 | +131.2% |
| Trade receivables | 40 | €1,917 | €1,853 | -€64 | -3.3% |
| Other amounts receivable | 41 | €2,478 | €8,309 | +€5,831 | +235.3% |
| Cash at bank and in hand | 54/58 | €18,575 | €1,462 | -€17,113 | -92.1% |
| Deferred charges and accrued income | 490/1 | - | €414 | +€414 | |
| Total equity and liabilities | 10/49 | €51,435 | €29,072 | -€22,363 | -43.5% |
| Equity | 10/15 | €9,318 | -€3,216 | -€12,533 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,249 | €2,249 | = | 0.0% |
| Distributable reserves | 133 | €2,249 | €2,249 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,532 | -€24,065 | -€12,533 | -108.7% |
| Amounts payable | 17/49 | €42,117 | €32,288 | -€9,830 | -23.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €42,117 | €32,288 | -€9,830 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €3,269 | - | -€3,269 | |
| Financial debts | 43 | - | €6,650 | +€6,650 | |
| Credit institutions | 430/8 | - | €6,650 | +€6,650 | |
| Trade debts | 44 | €26,121 | €16,544 | -€9,576 | -36.7% |
| Suppliers | 440/4 | €26,121 | €16,544 | -€9,576 | -36.7% |
| Taxes, remuneration and social security | 45 | €12,727 | €9,093 | -€3,634 | -28.6% |
| Taxes | 450/3 | €8,895 | €8,467 | -€428 | -4.8% |
| Remuneration and social security | 454/9 | €3,832 | €626 | -€3,206 | -83.7% |
| Remuneration, social security and pensions | 62 | €14,404 | €14,814 | +€410 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,388 | €5,388 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,549 | €8,392 | +€18,941 | |
| Other operating charges | 640/8 | €2,490 | €1,935 | -€555 | -22.3% |
| Gross operating margin | 9900 | €5,780 | €22,119 | +€16,339 | +282.7% |
| Operating profit (loss) | 9901 | -€5,953 | -€8,409 | -€2,457 | -41.3% |
| Financial income | 75/76B | €8 | €118 | +€110 | +1346.3% |
| Recurring financial income | 75 | €8 | €118 | +€110 | +1346.3% |
| Financial charges | 65/66B | €1,553 | €1,879 | +€326 | +21.0% |
| Recurring financial charges | 65 | €1,553 | €1,879 | +€326 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,498 | -€10,170 | -€2,672 | -35.6% |
| Income taxes | 67/77 | -€414 | €2,364 | +€2,777 | |
| Profit (loss) for the period | 9904 | -€7,084 | -€12,533 | -€5,450 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,084 | -€12,533 | -€5,450 | -76.9% |
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 4 October 2026 via checked.be.