LAURENT RSD: 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.
LAURENT RSD
Largest movements
- Receivables within one year +€15,120
up €15,120 (+3,553%), from €426 to €15,545
- Tangible fixed assets -€11,577
down €11,577 (-62.6%), from €18,507 to €6,929
of which Furniture and vehicles: -€7,187
- Intangible fixed assets -€7,600
down €7,600 (-33.3%), from €22,800 to €15,200
- Cash -€1,306
down €1,306 (-83.9%), from €1,557 to €251
mainly Receivables within one year (-€15,120) and Current portion of long-term debt (-€3,991)
- Deferred charges and accrued income -€630
down €630 (-44.8%), from €1,408 to €777
- Current portion of long-term debt -€3,991
down €3,991 (-65.7%), from €6,077 to €2,085
- Debts after one year -€2,085
down €2,085 (-100%), from €2,085 to €0
- Short-term financial debts -€2,000
down €2,000 (-100%), from €2,000 to €0
- Profit (loss) carried forward +€1,428
up €1,428 (+7.4%), from €19,202 to €20,630
- Tax, wage and social debts +€823
up €823 (+106%), from €777 to €1,600
- Depreciation -€749
down €749 (-3.8%), from €19,927 to €19,177
- Taxes +€592
up €592 (+29.9%), from €1,977 to €2,569
- Financial income +€433
new in 2025: €433
- Financial charges -€414
down €414 (-39.9%), from €1,036 to €623
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 | €44,697 | €38,703 | -€5,994 | -13.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €41,307 | €22,129 | -€19,177 | -46.4% |
| Intangible fixed assets | 21 | €22,800 | €15,200 | -€7,600 | -33.3% |
| Tangible fixed assets | 22/27 | €18,507 | €6,929 | -€11,577 | -62.6% |
| Land and buildings | 22 | €10,832 | €6,442 | -€4,391 | -40.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €7,674 | €488 | -€7,187 | -93.6% |
| Current assets | 29/58 | €3,390 | €16,574 | +€13,184 | +389% |
| Amounts receivable within one year | 40/41 | €426 | €15,545 | +€15,120 | +3,553% |
| Other amounts receivable | 41 | €426 | €15,545 | +€15,120 | +3,553% |
| Cash at bank and in hand | 54/58 | €1,557 | €251 | -€1,306 | -83.9% |
| Deferred charges and accrued income | 490/1 | €1,408 | €777 | -€630 | -44.8% |
| Total equity and liabilities | 10/49 | €44,697 | €38,703 | -€5,994 | -13.4% |
| Equity | 10/15 | €33,462 | €34,890 | +€1,428 | +4.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,202 | €20,630 | +€1,428 | +7.4% |
| Amounts payable | 17/49 | €11,234 | €3,813 | -€7,421 | -66.1% |
| Amounts payable after more than one year | 17 | €2,085 | €0 | -€2,085 | -100% |
| Financial debts | 170/4 | €2,085 | €0 | -€2,085 | -100% |
| Amounts payable within one year | 42/48 | €9,149 | €3,763 | -€5,386 | -58.9% |
| Current portion of amounts payable after more than one year | 42 | €6,077 | €2,085 | -€3,991 | -65.7% |
| Financial debts | 43 | €2,000 | €0 | -€2,000 | -100% |
| Credit institutions | 430/8 | €2,000 | €0 | -€2,000 | -100% |
| Trade debts | 44 | €295 | €78 | -€217 | -73.7% |
| Suppliers | 440/4 | €295 | €78 | -€217 | -73.7% |
| Taxes, remuneration and social security | 45 | €777 | €1,600 | +€823 | +106% |
| Taxes | 450/3 | €777 | €1,600 | +€823 | +106% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €0 | €50 | +€50 | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,927 | €19,177 | -€749 | -3.8% |
| Other operating charges | 640/8 | €1,182 | €1,020 | -€162 | -13.7% |
| Gross operating margin | 9900 | €24,398 | €24,385 | -€13 | -0.1% |
| Operating profit (loss) | 9901 | €3,289 | €4,187 | +€898 | +27.3% |
| Financial income | 75/76B | - | €433 | +€433 | |
| Recurring financial income | 75 | - | €433 | +€433 | |
| Financial charges | 65/66B | €1,036 | €623 | -€414 | -39.9% |
| Recurring financial charges | 65 | €1,036 | €623 | -€414 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €2,253 | €3,997 | +€1,744 | +77.4% |
| Income taxes | 67/77 | €1,977 | €2,569 | +€592 | +29.9% |
| Profit (loss) for the period | 9904 | €276 | €1,428 | +€1,152 | +418% |
| Profit (loss) for the period to be appropriated | 9905 | €276 | €1,428 | +€1,152 | +418% |
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 19 October 2026 via checked.be.