Laurence Pain: 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.
Laurence Pain
Largest movements
- Cash -€32,882
down €32,882 (-48.6%), from €67,591 to €34,708
mainly Contributions, distributions and other (-€40,000) and Other debts (-€26,405)
- Deferred charges and accrued income +€8,929
up €8,929 (+389%), from €2,293 to €11,221
- Intangible fixed assets -€8,000
down €8,000 (-18.2%), from €44,000 to €36,000
- Tangible fixed assets +€1,644
up €1,644 (+49.1%), from €3,350 to €4,994
- Other debts -€26,405
down €26,405 (-32.4%), from €81,582 to €55,177
- Debts after one year -€6,257
down €6,257 (-79.8%), from €7,845 to €1,589
- Profit (loss) carried forward +€3,788
new in 2025: €3,788
- Tax, wage and social debts -€2,391
down €2,391 (-15.5%), from €15,384 to €12,993
- Gross operating margin -€4,861
down €4,861 (-6.6%), from €74,105 to €69,244
- Financial income -€4,102
no longer reported in 2025 (was €4,102)
- Taxes -€2,391
down €2,391 (-15.5%), from €15,384 to €12,993
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 | €117,233 | €86,924 | -€30,310 | -25.9% |
| Fixed assets | 21/28 | €47,350 | €40,994 | -€6,356 | -13.4% |
| Intangible fixed assets | 21 | €44,000 | €36,000 | -€8,000 | -18.2% |
| Tangible fixed assets | 22/27 | €3,350 | €4,994 | +€1,644 | +49.1% |
| Furniture and vehicles | 24 | €3,350 | €4,994 | +€1,644 | +49.1% |
| Current assets | 29/58 | €69,883 | €45,929 | -€23,954 | -34.3% |
| Cash at bank and in hand | 54/58 | €67,591 | €34,708 | -€32,882 | -48.6% |
| Deferred charges and accrued income | 490/1 | €2,293 | €11,221 | +€8,929 | +389% |
| Total equity and liabilities | 10/49 | €117,233 | €86,924 | -€30,310 | -25.9% |
| Equity | 10/15 | €5,000 | €8,788 | +€3,788 | +75.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €3,788 | +€3,788 | |
| Amounts payable | 17/49 | €112,233 | €78,135 | -€34,098 | -30.4% |
| Amounts payable after more than one year | 17 | €7,845 | €1,589 | -€6,257 | -79.8% |
| Financial debts | 170/4 | €7,845 | €1,589 | -€6,257 | -79.8% |
| Amounts payable within one year | 42/48 | €104,388 | €76,547 | -€27,841 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €6,107 | €6,257 | +€150 | +2.5% |
| Trade debts | 44 | €1,316 | €2,120 | +€805 | +61.2% |
| Suppliers | 440/4 | €1,316 | €2,120 | +€805 | +61.2% |
| Taxes, remuneration and social security | 45 | €15,384 | €12,993 | -€2,391 | -15.5% |
| Taxes | 450/3 | €15,384 | €12,993 | -€2,391 | -15.5% |
| Other amounts payable | 47/48 | €81,582 | €55,177 | -€26,405 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,473 | €9,942 | +€469 | +4.9% |
| Other operating charges | 640/8 | €727 | €1,303 | +€575 | +79.1% |
| Gross operating margin | 9900 | €74,105 | €69,244 | -€4,861 | -6.6% |
| Operating profit (loss) | 9901 | €63,904 | €57,999 | -€5,906 | -9.2% |
| Financial income | 75/76B | €4,102 | - | -€4,102 | |
| Recurring financial income | 75 | €4,102 | - | -€4,102 | |
| Financial charges | 65/66B | €1,013 | €1,218 | +€205 | +20.3% |
| Recurring financial charges | 65 | €1,013 | €1,218 | +€205 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €66,993 | €56,781 | -€10,212 | -15.2% |
| Income taxes | 67/77 | €15,384 | €12,993 | -€2,391 | -15.5% |
| Profit (loss) for the period | 9904 | €51,609 | €43,788 | -€7,821 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,609 | €43,788 | -€7,821 | -15.2% |
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 26 October 2026 via checked.be.