Laureys Kim: what changed
Laureys Kim
Largest movements
- Tangible fixed assets +€247,057
up €247,057 (+355%), from €69,542 to €316,599
of which Plant, machinery and equipment: +€302,567
- Cash +€24,460
up €24,460 (+128%), from €19,106 to €43,566
mainly Debts after one year (+€188,068) and Net result for the year (+€59,836)
- Deferred charges and accrued income +€6,385
up €6,385 (+258%), from €2,473 to €8,858
- Debts after one year +€188,068
up €188,068 (+468%), from €40,178 to €228,247
- Reserves +€59,836
up €59,836 (+142%), from €42,018 to €101,854
- Current portion of long-term debt +€18,182
up €18,182 (+130%), from €14,004 to €32,186
- Tax, wage and social debts +€6,427
up €6,427 (+174%), from €3,703 to €10,130
- Gross operating margin +€28,927
up €28,927 (+46.4%), from €62,312 to €91,240
- Financial charges +€2,615
up €2,615 (+269%), from €970 to €3,586
- Depreciation +€2,300
up €2,300 (+30.5%), from €7,543 to €9,843
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,448 | €383,962 | +€276,514 | +257% |
| Fixed assets | 21/28 | €69,542 | €316,599 | +€247,057 | +355% |
| Tangible fixed assets | 22/27 | €69,542 | €316,599 | +€247,057 | +355% |
| Plant, machinery and equipment | 23 | €7,807 | €310,374 | +€302,567 | +3,876% |
| Furniture and vehicles | 24 | €52,052 | €0 | -€52,052 | -100% |
| Leasing and similar rights | 25 | €9,258 | €6,028 | -€3,230 | -34.9% |
| Other tangible fixed assets | 26 | €426 | €198 | -€228 | -53.6% |
| Current assets | 29/58 | €37,906 | €67,363 | +€29,457 | +77.7% |
| Amounts receivable within one year | 40/41 | €16,327 | €14,939 | -€1,388 | -8.5% |
| Trade receivables | 40 | €4,565 | €12,825 | +€8,260 | +181% |
| Other amounts receivable | 41 | €11,762 | €2,114 | -€9,648 | -82.0% |
| Cash at bank and in hand | 54/58 | €19,106 | €43,566 | +€24,460 | +128% |
| Deferred charges and accrued income | 490/1 | €2,473 | €8,858 | +€6,385 | +258% |
| Total equity and liabilities | 10/49 | €107,448 | €383,962 | +€276,514 | +257% |
| Equity | 10/15 | €44,518 | €104,354 | +€59,836 | +134% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €42,018 | €101,854 | +€59,836 | +142% |
| Distributable reserves | 133 | €42,018 | €101,854 | +€59,836 | +142% |
| Amounts payable | 17/49 | €62,930 | €279,607 | +€216,678 | +344% |
| Amounts payable after more than one year | 17 | €40,178 | €228,247 | +€188,068 | +468% |
| Financial debts | 170/4 | €40,178 | €228,247 | +€188,068 | +468% |
| Amounts payable within one year | 42/48 | €22,751 | €51,360 | +€28,609 | +126% |
| Current portion of amounts payable after more than one year | 42 | €14,004 | €32,186 | +€18,182 | +130% |
| Trade debts | 44 | €1,777 | €4,967 | +€3,191 | +180% |
| Suppliers | 440/4 | €1,777 | €4,967 | +€3,191 | +180% |
| Taxes, remuneration and social security | 45 | €3,703 | €10,130 | +€6,427 | +174% |
| Taxes | 450/3 | €3,703 | €10,130 | +€6,427 | +174% |
| Other amounts payable | 47/48 | €3,268 | €4,076 | +€809 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,543 | €9,843 | +€2,300 | +30.5% |
| Other operating charges | 640/8 | €1,117 | €770 | -€347 | -31.1% |
| Non-recurring operating charges | 66A | - | €7,052 | +€7,052 | |
| Gross operating margin | 9900 | €62,312 | €91,240 | +€28,927 | +46.4% |
| Operating profit (loss) | 9901 | €53,652 | €73,574 | +€19,922 | +37.1% |
| Financial charges | 65/66B | €970 | €3,586 | +€2,615 | +269% |
| Recurring financial charges | 65 | €970 | €3,586 | +€2,615 | +269% |
| Profit (loss) for the period before taxes | 9903 | €52,681 | €69,988 | +€17,307 | +32.9% |
| Income taxes | 67/77 | €10,663 | €10,152 | -€511 | -4.8% |
| Profit (loss) for the period | 9904 | €42,018 | €59,836 | +€17,818 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,018 | €59,836 | +€17,818 | +42.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.