LAURENSART: 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.
LAURENSART
Largest movements
- Cash -€19,791
down €19,791 (-89.5%), from €22,105 to €2,314
mainly Debts after one year (-€43,222) and Investment in fixed assets (net) (-€41,390)
- Receivables within one year -€3,273
down €3,273 (-54.2%), from €6,043 to €2,769
of which Other amounts receivable: -€3,104
- Other debts +€59,839
up €59,839 (+41.8%), from €143,085 to €202,924
- Debts after one year -€43,222
down €43,222 (-51.1%), from €84,643 to €41,421
- Profit (loss) carried forward -€39,917
down €39,917 (-38.4%), from -€103,995 to -€143,912
- Trade debts +€5,050
up €5,050 (+6.9%), from €73,550 to €78,600
- Gross operating margin -€109,701
down €109,701 (-92.5%), from €118,611 to €8,910
- Staff costs -€40,730
no longer reported in 2025 (was €40,730)
- Financial charges -€2,152
down €2,152 (-30.1%), from €7,149 to €4,997
- Depreciation -€1,749
down €1,749 (-4.1%), from €42,759 to €41,010
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 | €257,423 | €234,801 | -€22,622 | -8.8% |
| Fixed assets | 21/28 | €227,452 | €227,832 | +€380 | +0.2% |
| Tangible fixed assets | 22/27 | €224,882 | €225,262 | +€380 | +0.2% |
| Land and buildings | 22 | €85,851 | €80,091 | -€5,760 | -6.7% |
| Plant, machinery and equipment | 23 | €137,863 | €144,440 | +€6,577 | +4.8% |
| Furniture and vehicles | 24 | €1,168 | €731 | -€438 | -37.5% |
| Financial fixed assets | 28 | €2,570 | €2,570 | = | 0.0% |
| Current assets | 29/58 | €29,971 | €6,969 | -€23,002 | -76.7% |
| Amounts receivable within one year | 40/41 | €6,043 | €2,769 | -€3,273 | -54.2% |
| Trade receivables | 40 | €169 | - | -€169 | |
| Other amounts receivable | 41 | €5,873 | €2,769 | -€3,104 | -52.9% |
| Cash at bank and in hand | 54/58 | €22,105 | €2,314 | -€19,791 | -89.5% |
| Deferred charges and accrued income | 490/1 | €1,824 | €1,886 | +€63 | +3.4% |
| Total equity and liabilities | 10/49 | €257,423 | €234,801 | -€22,622 | -8.8% |
| Equity | 10/15 | -€91,595 | -€131,512 | -€39,917 | -43.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,995 | -€143,912 | -€39,917 | -38.4% |
| Amounts payable | 17/49 | €349,018 | €366,313 | +€17,295 | +5.0% |
| Amounts payable after more than one year | 17 | €84,643 | €41,421 | -€43,222 | -51.1% |
| Financial debts | 170/4 | €84,643 | €41,421 | -€43,222 | -51.1% |
| Amounts payable within one year | 42/48 | €264,375 | €324,892 | +€60,517 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €45,303 | €43,018 | -€2,285 | -5.0% |
| Trade debts | 44 | €73,550 | €78,600 | +€5,050 | +6.9% |
| Suppliers | 440/4 | €73,550 | €78,600 | +€5,050 | +6.9% |
| Taxes, remuneration and social security | 45 | €2,437 | €351 | -€2,086 | -85.6% |
| Taxes | 450/3 | - | €351 | +€351 | |
| Remuneration and social security | 454/9 | €2,437 | - | -€2,437 | |
| Other amounts payable | 47/48 | €143,085 | €202,924 | +€59,839 | +41.8% |
| Remuneration, social security and pensions | 62 | €40,730 | - | -€40,730 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,759 | €41,010 | -€1,749 | -4.1% |
| Other operating charges | 640/8 | €2,395 | €2,470 | +€75 | +3.1% |
| Gross operating margin | 9900 | €118,611 | €8,910 | -€109,701 | -92.5% |
| Operating profit (loss) | 9901 | €32,727 | -€34,570 | -€67,297 | |
| Financial charges | 65/66B | €7,149 | €4,997 | -€2,152 | -30.1% |
| Recurring financial charges | 65 | €7,149 | €4,997 | -€2,152 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €25,578 | -€39,566 | -€65,144 | |
| Income taxes | 67/77 | - | €351 | +€351 | |
| Profit (loss) for the period | 9904 | €25,578 | -€39,917 | -€65,495 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,578 | -€39,917 | -€65,495 |
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 16 October 2026 via checked.be.