Laurens Primusz: 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 Primusz
Largest movements
- Receivables within one year -€1,633
down €1,633 (-18.6%), from €8,790 to €7,157
of which Trade receivables: -€1,537
- Tangible fixed assets -€1,410
down €1,410 (-44.2%), from €3,190 to €1,780
- Deferred charges and accrued income -€1,206
down €1,206 (-28.3%), from €4,266 to €3,059
- Reserves -€20,000
down €20,000 (-46.8%), from €42,712 to €22,712
- Profit (loss) carried forward +€15,230
new in 2025: €15,230
- Gross operating margin +€3,532
up €3,532 (+17.7%), from €19,901 to €23,433
- Taxes +€1,459
up €1,459 (+38.1%), from €3,826 to €5,285
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 | €51,442 | €47,233 | -€4,209 | -8.2% |
| Fixed assets | 21/28 | €3,190 | €1,780 | -€1,410 | -44.2% |
| Tangible fixed assets | 22/27 | €3,190 | €1,780 | -€1,410 | -44.2% |
| Furniture and vehicles | 24 | €3,190 | €1,780 | -€1,410 | -44.2% |
| Current assets | 29/58 | €48,253 | €45,453 | -€2,799 | -5.8% |
| Amounts receivable within one year | 40/41 | €8,790 | €7,157 | -€1,633 | -18.6% |
| Trade receivables | 40 | €8,615 | €7,079 | -€1,537 | -17.8% |
| Other amounts receivable | 41 | €174 | €78 | -€96 | -55.1% |
| Cash at bank and in hand | 54/58 | €35,197 | €35,237 | +€40 | +0.1% |
| Deferred charges and accrued income | 490/1 | €4,266 | €3,059 | -€1,206 | -28.3% |
| Total equity and liabilities | 10/49 | €51,442 | €47,233 | -€4,209 | -8.2% |
| Equity | 10/15 | €47,712 | €42,942 | -€4,770 | -10.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,712 | €22,712 | -€20,000 | -46.8% |
| Distributable reserves | 133 | €42,712 | €22,712 | -€20,000 | -46.8% |
| Profit (loss) carried forward | 14 | - | €15,230 | +€15,230 | |
| Amounts payable | 17/49 | €3,730 | €4,291 | +€561 | +15.0% |
| Amounts payable within one year | 42/48 | €3,730 | €4,291 | +€561 | +15.0% |
| Trade debts | 44 | €408 | €828 | +€420 | +103% |
| Suppliers | 440/4 | €408 | €828 | +€420 | +103% |
| Taxes, remuneration and social security | 45 | €1,399 | €1,864 | +€465 | +33.2% |
| Taxes | 450/3 | €1,399 | €1,864 | +€465 | +33.2% |
| Other amounts payable | 47/48 | €1,923 | €1,599 | -€324 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,594 | €1,410 | -€184 | -11.6% |
| Other operating charges | 640/8 | €508 | €517 | +€9 | +1.8% |
| Gross operating margin | 9900 | €19,901 | €23,433 | +€3,532 | +17.7% |
| Operating profit (loss) | 9901 | €17,799 | €21,506 | +€3,707 | +20.8% |
| Financial income | 75/76B | €0 | €35 | +€35 | +11,567% |
| Recurring financial income | 75 | €0 | €35 | +€35 | +11,567% |
| Financial charges | 65/66B | €1,254 | €1,026 | -€228 | -18.2% |
| Recurring financial charges | 65 | €1,254 | €1,026 | -€228 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €16,545 | €20,515 | +€3,970 | +24.0% |
| Income taxes | 67/77 | €3,826 | €5,285 | +€1,459 | +38.1% |
| Profit (loss) for the period | 9904 | €12,720 | €15,230 | +€2,510 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,720 | €15,230 | +€2,510 | +19.7% |
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 31 October 2026 via checked.be.