Laureys - Daems: 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.
Laureys - Daems
Largest movements
- Cash -€58,063
down €58,063 (-35.5%), from €163,585 to €105,522
mainly Contributions, distributions and other (-€192,961) and Investment in fixed assets (net) (-€66,800)
- Tangible fixed assets +€51,040
up €51,040 (+241%), from €21,198 to €72,238
of which Plant, machinery and equipment: +€51,611
- Reserves -€116,967
no longer reported in 2025 (was €116,967)
- Other debts +€68,647
up €68,647 (+3,866%), from €1,775 to €70,422
- Debts after one year +€40,816
new in 2025: €40,816
- Trade debts -€8,915
down €8,915 (-21.5%), from €41,430 to €32,514
- Tax, wage and social debts +€4,165
up €4,165 (+20.2%), from €20,626 to €24,791
of which Remuneration and social security: +€4,053
- Gross operating margin +€51,353
up €51,353 (+36.1%), from €142,164 to €193,517
- Taxes +€7,747
up €7,747 (+59.4%), from €13,042 to €20,789
- Depreciation +€6,496
up €6,496 (+70.1%), from €9,264 to €15,760
- Staff costs +€6,381
up €6,381 (+9.5%), from €66,934 to €73,316
- Financial charges +€2,090
up €2,090 (+44.0%), from €4,750 to €6,840
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 | €191,983 | €183,839 | -€8,144 | -4.2% |
| Fixed assets | 21/28 | €21,198 | €72,238 | +€51,040 | +241% |
| Tangible fixed assets | 22/27 | €21,198 | €72,238 | +€51,040 | +241% |
| Plant, machinery and equipment | 23 | €19,525 | €71,136 | +€51,611 | +264% |
| Furniture and vehicles | 24 | €1,097 | €768 | -€329 | -30.0% |
| Other tangible fixed assets | 26 | €576 | €334 | -€242 | -42.0% |
| Current assets | 29/58 | €170,785 | €111,601 | -€59,184 | -34.7% |
| Stocks and contracts in progress | 3 | €5,020 | €5,878 | +€858 | +17.1% |
| Stocks | 30/36 | €5,020 | €5,878 | +€858 | +17.1% |
| Amounts receivable within one year | 40/41 | €412 | €201 | -€211 | -51.2% |
| Trade receivables | 40 | €412 | €201 | -€211 | -51.2% |
| Cash at bank and in hand | 54/58 | €163,585 | €105,522 | -€58,063 | -35.5% |
| Deferred charges and accrued income | 490/1 | €1,768 | - | -€1,768 | |
| Total equity and liabilities | 10/49 | €191,983 | €183,839 | -€8,144 | -4.2% |
| Equity | 10/15 | €119,967 | €3,000 | -€116,967 | -97.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €116,967 | - | -€116,967 | |
| Distributable reserves | 133 | €116,967 | - | -€116,967 | |
| Amounts payable | 17/49 | €72,017 | €180,839 | +€108,822 | +151% |
| Amounts payable after more than one year | 17 | - | €40,816 | +€40,816 | |
| Financial debts | 170/4 | - | €40,816 | +€40,816 | |
| Amounts payable within one year | 42/48 | €72,017 | €140,023 | +€68,007 | +94.4% |
| Current portion of amounts payable after more than one year | 42 | €8,186 | €12,295 | +€4,110 | +50.2% |
| Trade debts | 44 | €41,430 | €32,514 | -€8,915 | -21.5% |
| Suppliers | 440/4 | €41,430 | €32,514 | -€8,915 | -21.5% |
| Taxes, remuneration and social security | 45 | €20,626 | €24,791 | +€4,165 | +20.2% |
| Taxes | 450/3 | €14,691 | €14,803 | +€112 | +0.8% |
| Remuneration and social security | 454/9 | €5,935 | €9,988 | +€4,053 | +68.3% |
| Other amounts payable | 47/48 | €1,775 | €70,422 | +€68,647 | +3,866% |
| Remuneration, social security and pensions | 62 | €66,934 | €73,316 | +€6,381 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,264 | €15,760 | +€6,496 | +70.1% |
| Other operating charges | 640/8 | €1,361 | €1,074 | -€286 | -21.0% |
| Gross operating margin | 9900 | €142,164 | €193,517 | +€51,353 | +36.1% |
| Operating profit (loss) | 9901 | €64,605 | €103,366 | +€38,761 | +60.0% |
| Financial income | 75/76B | €218 | €257 | +€39 | +17.7% |
| Recurring financial income | 75 | €218 | €257 | +€39 | +17.7% |
| Financial charges | 65/66B | €4,750 | €6,840 | +€2,090 | +44.0% |
| Recurring financial charges | 65 | €4,750 | €6,840 | +€2,090 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €60,074 | €96,783 | +€36,710 | +61.1% |
| Income taxes | 67/77 | €13,042 | €20,789 | +€7,747 | +59.4% |
| Profit (loss) for the period | 9904 | €47,032 | €75,994 | +€28,963 | +61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,032 | €75,994 | +€28,963 | +61.6% |
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 14 October 2026 via checked.be.