LAURENS: 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.
LAURENS
Largest movements
- Tangible fixed assets +€34,642
up €34,642 (+32.5%), from €106,615 to €141,256
of which Furniture and vehicles: +€25,121
- Cash -€20,327
down €20,327 (-29.2%), from €69,558 to €49,231
mainly Investment in fixed assets (net) (-€59,272) and Other debts (-€31,329)
- Stocks and contracts -€8,991
down €8,991 (-23.1%), from €38,899 to €29,908
- Reserves +€39,493
up €39,493 (+68.5%), from €57,682 to €97,175
- Other debts -€31,329
down €31,329 (-27.6%), from €113,328 to €81,999
- Debts after one year +€15,833
up €15,833 (+282%), from €5,610 to €21,442
- Trade debts -€13,442
down €13,442 (-97.0%), from €13,855 to €413
- Contributions -€9,291
down €9,291 (-72.1%), from €12,891 to €3,600
- Gross operating margin +€7,570
up €7,570 (+14.4%), from €52,513 to €60,083
- Taxes +€5,140
up €5,140 (+62.4%), from €8,239 to €13,379
- Depreciation +€2,268
up €2,268 (+10.1%), from €22,362 to €24,631
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 | €223,920 | €229,427 | +€5,507 | +2.5% |
| Fixed assets | 21/28 | €106,615 | €141,256 | +€34,642 | +32.5% |
| Tangible fixed assets | 22/27 | €106,615 | €141,256 | +€34,642 | +32.5% |
| Land and buildings | 22 | €54,755 | €52,612 | -€2,142 | -3.9% |
| Plant, machinery and equipment | 23 | €19,720 | €19,665 | -€55 | -0.3% |
| Furniture and vehicles | 24 | €18,775 | €43,896 | +€25,121 | +134% |
| Other tangible fixed assets | 26 | €13,366 | €25,084 | +€11,718 | +87.7% |
| Current assets | 29/58 | €117,305 | €88,171 | -€29,134 | -24.8% |
| Stocks and contracts in progress | 3 | €38,899 | €29,908 | -€8,991 | -23.1% |
| Stocks | 30/36 | €38,899 | €29,908 | -€8,991 | -23.1% |
| Amounts receivable within one year | 40/41 | €6,774 | €6,476 | -€299 | -4.4% |
| Trade receivables | 40 | €6,676 | €6,462 | -€214 | -3.2% |
| Other amounts receivable | 41 | €99 | €14 | -€85 | -86.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €69,558 | €49,231 | -€20,327 | -29.2% |
| Deferred charges and accrued income | 490/1 | €2,074 | €2,556 | +€482 | +23.2% |
| Total equity and liabilities | 10/49 | €223,920 | €229,427 | +€5,507 | +2.5% |
| Equity | 10/15 | €70,572 | €100,775 | +€30,202 | +42.8% |
| Contributions | 10/11 | €12,891 | €3,600 | -€9,291 | -72.1% |
| Reserves | 13 | €57,682 | €97,175 | +€39,493 | +68.5% |
| Distributable reserves | 133 | €57,682 | €97,175 | +€39,493 | +68.5% |
| Amounts payable | 17/49 | €153,348 | €128,653 | -€24,695 | -16.1% |
| Amounts payable after more than one year | 17 | €5,610 | €21,442 | +€15,833 | +282% |
| Financial debts | 170/4 | €5,610 | €21,442 | +€15,833 | +282% |
| Amounts payable within one year | 42/48 | €147,738 | €107,210 | -€40,528 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €10,965 | €11,355 | +€390 | +3.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €13,855 | €413 | -€13,442 | -97.0% |
| Suppliers | 440/4 | €13,855 | €413 | -€13,442 | -97.0% |
| Taxes, remuneration and social security | 45 | €9,589 | €13,443 | +€3,853 | +40.2% |
| Taxes | 450/3 | €9,589 | €13,443 | +€3,853 | +40.2% |
| Other amounts payable | 47/48 | €113,328 | €81,999 | -€31,329 | -27.6% |
| Non-recurring operating income | 76A | €13,611 | €6,616 | -€6,995 | -51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,362 | €24,631 | +€2,268 | +10.1% |
| Other operating charges | 640/8 | €1,436 | €1,431 | -€4 | -0.3% |
| Gross operating margin | 9900 | €52,513 | €60,083 | +€7,570 | +14.4% |
| Operating profit (loss) | 9901 | €28,715 | €34,021 | +€5,306 | +18.5% |
| Financial income | 75/76B | €36 | €123 | +€87 | +242% |
| Recurring financial income | 75 | €36 | €123 | +€87 | +242% |
| Financial charges | 65/66B | €2,491 | €2,962 | +€470 | +18.9% |
| Recurring financial charges | 65 | €2,491 | €2,962 | +€470 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €26,260 | €31,182 | +€4,922 | +18.7% |
| Income taxes | 67/77 | €8,239 | €13,379 | +€5,140 | +62.4% |
| Profit (loss) for the period | 9904 | €18,021 | €17,802 | -€218 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,021 | €17,802 | -€218 | -1.2% |
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.