LAUREYS: 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.
What changed
LAUREYS
NACE 25.110, Manufacture of metal structures and parts of structures
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€124,150
2024 · €67,708+€56,442
Equity
€3.0m
2024 · €2.9m+€124,150
Cash
€687,871
2024 · €376,329+€311,542
Balance sheet total
€3.5m
2024 · €3.3m+€142,129
Largest movements
Assets
- Cash +€311,542
up €311,542 (+82.8%), from €376,329 to €687,871
mainly Receivables within one year (+€135,392) and Net result for the year (+€124,150)
- Receivables within one year -€135,392
down €135,392 (-31.0%), from €437,001 to €301,608
of which Trade receivables: -€134,157
Equity and liabilities
- Profit (loss) carried forward +€124,299
up €124,299 (+5.5%), from €2.3m to €2.4m
Income statement
- Gross operating margin +€56,614
up €56,614 (+30.0%), from €188,619 to €245,234
- Taxes +€19,434
up €19,434 (+114%), from €17,046 to €36,480
- Other operating charges -€17,258
down €17,258 (-42.6%), from €40,512 to €23,254
- Staff costs -€4,266
down €4,266 (-7.2%), from €59,532 to €55,266
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.
Result 2024
€67,708
Gross operating margin
+€56,614
Staff costs
+€4,266
Depreciation
-€1,195
Write-downs
-€1,288
Provisions
-€2,171
Other operating charges
+€17,258
Financial income
+€2,136
Financial charges
+€332
Taxes
-€19,434
Deferred taxes and other
-€76
Result 2025
€124,150
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€311,542
Investment
€0
Financing
€0
Cash 2024
€376,329
From operations (derived)
+€311,542
Net result for the year
+€124,150
Depreciation
+€21,088
Stocks and contracts
+€14,667
Receivables within one year
+€135,392
Deferred charges and accrued income
-€1,735
Smaller working-capital items
+€123
Trade debts
+€15,654
Tax, wage and social debts
+€2,623
Other debts
-€421
Cash 2025
€687,871
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,308,639 | €3,450,769 | +€142,129 | +4.3% |
| Fixed assets | 21/28 | €2,383,743 | €2,362,655 | -€21,088 | -0.9% |
| Tangible fixed assets | 22/27 | €1,165,080 | €1,143,991 | -€21,088 | -1.8% |
| Land and buildings | 22 | €1,142,604 | €1,128,065 | -€14,539 | -1.3% |
| Furniture and vehicles | 24 | €22,476 | €15,927 | -€6,549 | -29.1% |
| Financial fixed assets | 28 | €1,218,664 | €1,218,664 | = | 0.0% |
| Current assets | 29/58 | €924,896 | €1,088,113 | +€163,217 | +17.6% |
| Stocks and contracts in progress | 3 | €107,490 | €92,823 | -€14,667 | -13.6% |
| Stocks | 30/36 | €107,490 | €92,823 | -€14,667 | -13.6% |
| Amounts receivable within one year | 40/41 | €437,001 | €301,608 | -€135,392 | -31.0% |
| Trade receivables | 40 | €275,042 | €140,885 | -€134,157 | -48.8% |
| Other amounts receivable | 41 | €161,959 | €160,723 | -€1,235 | -0.8% |
| Cash at bank and in hand | 54/58 | €376,329 | €687,871 | +€311,542 | +82.8% |
| Deferred charges and accrued income | 490/1 | €4,076 | €5,811 | +€1,735 | +42.6% |
| Total equity and liabilities | 10/49 | €3,308,639 | €3,450,769 | +€142,129 | +4.3% |
| Equity | 10/15 | €2,908,260 | €3,032,410 | +€124,150 | +4.3% |
| Contributions | 10/11 | €168,568 | €168,568 | = | 0.0% |
| Revaluation surpluses | 12 | €26,662 | €26,662 | = | 0.0% |
| Reserves | 13 | €450,575 | €450,426 | -€149 | 0.0% |
| Non-distributable reserves | 130/1 | €16,857 | €16,857 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,857 | €16,857 | = | 0.0% |
| Tax-exempt reserves | 132 | €69,354 | €69,206 | -€149 | -0.2% |
| Distributable reserves | 133 | €364,364 | €364,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,262,455 | €2,386,754 | +€124,299 | +5.5% |
| Provisions and deferred taxes | 16 | €8,910 | €8,833 | -€77 | -0.9% |
| Provisions for liabilities and charges | 160/5 | €8,561 | €8,561 | = | 0.0% |
| Major repairs and maintenance | 162 | €8,561 | €8,561 | = | 0.0% |
| Deferred taxes | 168 | €349 | €272 | -€77 | -22.0% |
| Amounts payable | 17/49 | €391,470 | €409,525 | +€18,056 | +4.6% |
| Amounts payable after more than one year | 17 | €265,695 | €265,695 | = | 0.0% |
| Other amounts payable | 178/9 | €265,695 | €265,695 | = | 0.0% |
| Amounts payable within one year | 42/48 | €123,173 | €141,029 | +€17,856 | +14.5% |
| Trade debts | 44 | €79,120 | €94,774 | +€15,654 | +19.8% |
| Suppliers | 440/4 | €79,120 | €94,774 | +€15,654 | +19.8% |
| Taxes, remuneration and social security | 45 | €22,719 | €25,342 | +€2,623 | +11.5% |
| Taxes | 450/3 | €11,625 | €16,617 | +€4,991 | +42.9% |
| Remuneration and social security | 454/9 | €11,094 | €8,726 | -€2,368 | -21.3% |
| Other amounts payable | 47/48 | €21,334 | €20,912 | -€421 | -2.0% |
| Accrued charges and deferred income | 492/3 | €2,601 | €2,801 | +€200 | +7.7% |
| Remuneration, social security and pensions | 62 | €59,532 | €55,266 | -€4,266 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,893 | €21,088 | +€1,195 | +6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€995 | €293 | +€1,288 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,171 | - | +€2,171 | |
| Other operating charges | 640/8 | €40,512 | €23,254 | -€17,258 | -42.6% |
| Gross operating margin | 9900 | €188,619 | €245,234 | +€56,614 | +30.0% |
| Operating profit (loss) | 9901 | €71,849 | €145,333 | +€73,485 | +102% |
| Financial income | 75/76B | €16,490 | €18,626 | +€2,136 | +13.0% |
| Recurring financial income | 75 | €16,490 | €18,626 | +€2,136 | +13.0% |
| Financial charges | 65/66B | €3,737 | €3,405 | -€332 | -8.9% |
| Recurring financial charges | 65 | €3,737 | €3,405 | -€332 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €84,601 | €160,553 | +€75,953 | +89.8% |
| Transfer from deferred taxes | 780 | €153 | €77 | -€76 | -49.9% |
| Income taxes | 67/77 | €17,046 | €36,480 | +€19,434 | +114% |
| Profit (loss) for the period | 9904 | €67,708 | €124,150 | +€56,442 | +83.4% |
| Transfer from tax-exempt reserves | 789 | €297 | €149 | -€148 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €68,005 | €124,299 | +€56,294 | +82.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.