LAURENS SLABINCK: what changed
LAURENS SLABINCK
Largest movements
- Cash +€119,581
up €119,581 (+102%), from €117,577 to €237,158
mainly Net result for the year (+€244,492) and Depreciation (+€156,593)
- Tangible fixed assets +€55,854
up €55,854 (+5.1%), from €1.1m to €1.2m
of which Land and buildings: +€46,605
- Intangible fixed assets -€50,300
down €50,300 (-11.3%), from €445,499 to €395,199
- Current investments +€28,716
up €28,716 (+23.1%), from €124,294 to €153,010
- Receivables within one year -€22,180
down €22,180 (-99.2%), from €22,359 to €179
- Reserves +€238,140
up €238,140 (+116%), from €205,455 to €443,595
- Debts after one year -€180,048
down €180,048 (-12.2%), from €1.5m to €1.3m
- Other debts +€61,214
new in 2025: €61,214
- Gross operating margin +€205,510
up €205,510 (+28.2%), from €727,755 to €933,264
- Taxes +€63,280
up €63,280 (+270%), from €23,447 to €86,728
- Other operating charges -€26,422
down €26,422 (-53.7%), from €49,202 to €22,781
- Staff costs -€22,390
down €22,390 (-5.4%), from €415,196 to €392,806
- Depreciation +€12,193
up €12,193 (+8.4%), from €144,401 to €156,593
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,876,174 | €2,015,183 | +€139,009 | +7.4% |
| Fixed assets | 21/28 | €1,544,804 | €1,550,358 | +€5,554 | +0.4% |
| Intangible fixed assets | 21 | €445,499 | €395,199 | -€50,300 | -11.3% |
| Tangible fixed assets | 22/27 | €1,099,255 | €1,155,109 | +€55,854 | +5.1% |
| Land and buildings | 22 | €1,018,059 | €1,064,664 | +€46,605 | +4.6% |
| Plant, machinery and equipment | 23 | €19,752 | €32,479 | +€12,727 | +64.4% |
| Furniture and vehicles | 24 | €45,599 | €44,426 | -€1,173 | -2.6% |
| Other tangible fixed assets | 26 | €15,844 | €13,540 | -€2,305 | -14.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €331,370 | €464,824 | +€133,455 | +40.3% |
| Amounts receivable within one year | 40/41 | €22,359 | €179 | -€22,180 | -99.2% |
| Other amounts receivable | 41 | €22,359 | €179 | -€22,180 | -99.2% |
| Current investments | 50/53 | €124,294 | €153,010 | +€28,716 | +23.1% |
| Cash at bank and in hand | 54/58 | €117,577 | €237,158 | +€119,581 | +102% |
| Deferred charges and accrued income | 490/1 | €67,140 | €74,477 | +€7,337 | +10.9% |
| Total equity and liabilities | 10/49 | €1,876,174 | €2,015,183 | +€139,009 | +7.4% |
| Equity | 10/15 | €218,384 | €462,876 | +€244,492 | +112% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €205,455 | €443,595 | +€238,140 | +116% |
| Distributable reserves | 133 | €205,455 | €443,595 | +€238,140 | +116% |
| Profit (loss) carried forward | 14 | €530 | €6,881 | +€6,352 | +1,199% |
| Amounts payable | 17/49 | €1,657,789 | €1,552,307 | -€105,483 | -6.4% |
| Amounts payable after more than one year | 17 | €1,473,680 | €1,293,631 | -€180,048 | -12.2% |
| Financial debts | 170/4 | €1,473,680 | €1,293,631 | -€180,048 | -12.2% |
| Amounts payable within one year | 42/48 | €180,834 | €256,029 | +€75,195 | +41.6% |
| Current portion of amounts payable after more than one year | 42 | €111,940 | €111,068 | -€872 | -0.8% |
| Trade debts | 44 | €19,844 | €26,152 | +€6,308 | +31.8% |
| Suppliers | 440/4 | €19,844 | €26,152 | +€6,308 | +31.8% |
| Taxes, remuneration and social security | 45 | €49,050 | €57,595 | +€8,545 | +17.4% |
| Taxes | 450/3 | €3,007 | €11,199 | +€8,191 | +272% |
| Remuneration and social security | 454/9 | €46,042 | €46,397 | +€354 | +0.8% |
| Other amounts payable | 47/48 | - | €61,214 | +€61,214 | |
| Accrued charges and deferred income | 492/3 | €3,276 | €2,646 | -€630 | -19.2% |
| Remuneration, social security and pensions | 62 | €415,196 | €392,806 | -€22,390 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,401 | €156,593 | +€12,193 | +8.4% |
| Other operating charges | 640/8 | €49,202 | €22,781 | -€26,422 | -53.7% |
| Gross operating margin | 9900 | €727,755 | €933,264 | +€205,510 | +28.2% |
| Operating profit (loss) | 9901 | €118,956 | €361,085 | +€242,129 | +204% |
| Financial income | 75/76B | €1,467 | €2,454 | +€987 | +67.3% |
| Recurring financial income | 75 | €1,467 | €2,454 | +€987 | +67.3% |
| Financial charges | 65/66B | €32,266 | €32,319 | +€53 | +0.2% |
| Recurring financial charges | 65 | €32,266 | €32,319 | +€53 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €88,156 | €331,219 | +€243,063 | +276% |
| Income taxes | 67/77 | €23,447 | €86,728 | +€63,280 | +270% |
| Profit (loss) for the period | 9904 | €64,709 | €244,492 | +€179,783 | +278% |
| Profit (loss) for the period to be appropriated | 9905 | €64,709 | €244,492 | +€179,783 | +278% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.