LAURENZ: 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.
LAURENZ
Largest movements
- Cash +€224,329
up €224,329 (+1,112%), from €20,177 to €244,506
mainly Net result for the year (+€203,368) and Investment in fixed assets (net) (+€81,655)
- Tangible fixed assets -€82,346
down €82,346 (-99.0%), from €83,207 to €861
of which Land and buildings: -€75,237
- Receivables within one year +€78,210
up €78,210 (+459%), from €17,039 to €95,249
- Reserves +€185,168
up €185,168 (+14,547%), from €1,273 to €186,441
of which Distributable reserves: +€175,000
- Tax, wage and social debts +€19,046
new in 2025: €19,046
- Profit (loss) carried forward +€18,200
up €18,200, from -€11,011 to €7,189
- Current portion of long-term debt -€3,846
no longer reported in 2025 (was €3,846)
- Gross operating margin +€296,255
up €296,255, from -€1,076 to €295,179
- Taxes +€87,435
up €87,435 (+28,781%), from €304 to €87,738
- Depreciation -€6,515
down €6,515 (-90.4%), from €7,206 to €691
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 | €120,423 | €340,616 | +€220,193 | +183% |
| Fixed assets | 21/28 | €83,207 | €861 | -€82,346 | -99.0% |
| Tangible fixed assets | 22/27 | €83,207 | €861 | -€82,346 | -99.0% |
| Land and buildings | 22 | €75,237 | - | -€75,237 | |
| Plant, machinery and equipment | 23 | €7,240 | €622 | -€6,618 | -91.4% |
| Furniture and vehicles | 24 | €730 | €239 | -€491 | -67.2% |
| Current assets | 29/58 | €37,216 | €339,755 | +€302,539 | +813% |
| Amounts receivable within one year | 40/41 | €17,039 | €95,249 | +€78,210 | +459% |
| Other amounts receivable | 41 | €17,039 | €95,249 | +€78,210 | +459% |
| Cash at bank and in hand | 54/58 | €20,177 | €244,506 | +€224,329 | +1,112% |
| Total equity and liabilities | 10/49 | €120,423 | €340,616 | +€220,193 | +183% |
| Equity | 10/15 | €113,713 | €317,081 | +€203,368 | +179% |
| Contributions | 10/11 | €123,451 | €123,451 | = | 0.0% |
| Capital | 10 | €123,451 | €123,451 | = | 0.0% |
| Issued capital | 100 | €123,451 | €123,451 | = | 0.0% |
| Reserves | 13 | €1,273 | €186,441 | +€185,168 | +14,547% |
| Non-distributable reserves | 130/1 | €1,273 | €11,441 | +€10,168 | +799% |
| Legal reserve | 130 | €1,273 | €11,441 | +€10,168 | +799% |
| Distributable reserves | 133 | - | €175,000 | +€175,000 | |
| Profit (loss) carried forward | 14 | -€11,011 | €7,189 | +€18,200 | |
| Amounts payable | 17/49 | €6,710 | €23,535 | +€16,825 | +251% |
| Amounts payable within one year | 42/48 | €6,710 | €23,535 | +€16,825 | +251% |
| Current portion of amounts payable after more than one year | 42 | €3,846 | - | -€3,846 | |
| Financial debts | 43 | €1,028 | - | -€1,028 | |
| Credit institutions | 430/8 | €1,028 | - | -€1,028 | |
| Trade debts | 44 | €1,836 | €4,489 | +€2,652 | +144% |
| Suppliers | 440/4 | €1,836 | €4,489 | +€2,652 | +144% |
| Taxes, remuneration and social security | 45 | - | €19,046 | +€19,046 | |
| Taxes | 450/3 | - | €19,046 | +€19,046 | |
| Non-recurring operating income | 76A | - | €311,345 | +€311,345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,206 | €691 | -€6,515 | -90.4% |
| Other operating charges | 640/8 | €1,467 | €3,144 | +€1,677 | +114% |
| Gross operating margin | 9900 | -€1,076 | €295,179 | +€296,255 | |
| Operating profit (loss) | 9901 | -€9,749 | €291,344 | +€301,093 | |
| Financial income | 75/76B | €9 | €268 | +€259 | +2,797% |
| Recurring financial income | 75 | €9 | €268 | +€259 | +2,797% |
| Financial charges | 65/66B | €633 | €506 | -€127 | -20.0% |
| Recurring financial charges | 65 | €633 | €506 | -€127 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,372 | €291,107 | +€301,479 | |
| Income taxes | 67/77 | €304 | €87,738 | +€87,435 | +28,781% |
| Profit (loss) for the period | 9904 | -€10,676 | €203,368 | +€214,044 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,676 | €203,368 | +€214,044 |
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 23 October 2026 via checked.be.