Laurent: what changed
Two fiscal 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.
Laurent
Largest movements
- Cash +€45,390
up €45,390 (+251.8%), from €18,028 to €63,418
mainly Other debts (+€79,000) and Depreciation (+€23,647)
- Tangible fixed assets -€14,115
down €14,115 (-9.6%), from €147,372 to €133,257
of which Plant, machinery and equipment: -€21,016
- Other debts +€79,000
new in 2025: €79,000
- Reserves -€55,500
down €55,500 (-44.7%), from €124,200 to €68,700
of which Distributable reserves: -€55,500
- Tax, wage and social debts +€6,743
up €6,743 (+99.4%), from €6,781 to €13,525
- Gross operating margin +€23,359
up €23,359 (+50.2%), from €46,565 to €69,923
- Taxes +€7,286
up €7,286 (+116.8%), from €6,239 to €13,525
- Depreciation +€3,652
up €3,652 (+18.3%), from €19,995 to €23,647
- Other operating charges +€2,883
up €2,883 (+39.2%), from €7,353 to €10,235
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.
Cash bridge derived
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 | €198,776 | €230,246 | +€31,470 | +15.8% |
| Fixed assets | 21/28 | €147,372 | €133,257 | -€14,115 | -9.6% |
| Tangible fixed assets | 22/27 | €147,372 | €133,257 | -€14,115 | -9.6% |
| Land and buildings | 22 | €21,962 | €19,523 | -€2,439 | -11.1% |
| Plant, machinery and equipment | 23 | €124,632 | €103,616 | -€21,016 | -16.9% |
| Furniture and vehicles | 24 | - | €9,441 | +€9,441 | |
| Other tangible fixed assets | 26 | €779 | €678 | -€101 | -12.9% |
| Current assets | 29/58 | €51,404 | €96,990 | +€45,585 | +88.7% |
| Amounts receivable within one year | 40/41 | €27,403 | €25,751 | -€1,652 | -6.0% |
| Other amounts receivable | 41 | €27,403 | €25,751 | -€1,652 | -6.0% |
| Cash at bank and in hand | 54/58 | €18,028 | €63,418 | +€45,390 | +251.8% |
| Deferred charges and accrued income | 490/1 | €5,974 | €7,821 | +€1,847 | +30.9% |
| Total equity and liabilities | 10/49 | €198,776 | €230,246 | +€31,470 | +15.8% |
| Equity | 10/15 | €187,282 | €131,834 | -€55,447 | -29.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €124,200 | €68,700 | -€55,500 | -44.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €118,000 | €62,500 | -€55,500 | -47.0% |
| Profit (loss) carried forward | 14 | €1,082 | €1,134 | +€53 | +4.9% |
| Amounts payable | 17/49 | €11,495 | €98,412 | +€86,917 | +756.2% |
| Amounts payable after more than one year | 17 | €1,600 | €1,600 | = | 0.0% |
| Other amounts payable | 178/9 | €1,600 | €1,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,730 | €93,493 | +€84,763 | +971.0% |
| Trade debts | 44 | €1,948 | €968 | -€980 | -50.3% |
| Suppliers | 440/4 | €1,948 | €968 | -€980 | -50.3% |
| Taxes, remuneration and social security | 45 | €6,781 | €13,525 | +€6,743 | +99.4% |
| Taxes | 450/3 | €6,781 | €13,525 | +€6,743 | +99.4% |
| Other amounts payable | 47/48 | - | €79,000 | +€79,000 | |
| Accrued charges and deferred income | 492/3 | €1,165 | €3,319 | +€2,154 | +184.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,995 | €23,647 | +€3,652 | +18.3% |
| Other operating charges | 640/8 | €7,353 | €10,235 | +€2,883 | +39.2% |
| Gross operating margin | 9900 | €46,565 | €69,923 | +€23,359 | +50.2% |
| Operating profit (loss) | 9901 | €19,217 | €36,041 | +€16,824 | +87.5% |
| Financial income | 75/76B | €1,297 | €1,374 | +€77 | +6.0% |
| Recurring financial income | 75 | €1,297 | €1,374 | +€77 | +6.0% |
| Financial charges | 65/66B | €355 | €338 | -€17 | -4.8% |
| Recurring financial charges | 65 | €355 | €338 | -€17 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €20,158 | €37,077 | +€16,919 | +83.9% |
| Income taxes | 67/77 | €6,239 | €13,525 | +€7,286 | +116.8% |
| Profit (loss) for the period | 9904 | €13,919 | €23,553 | +€9,633 | +69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,919 | €23,553 | +€9,633 | +69.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.