LAUREYS MARC: what changed
Two fiscal 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 MARC
Largest movements
- Current investments +€310,581
new in 2025: €310,581
- Cash -€232,094
down €232,094 (-54.5%), from €426,180 to €194,086
mainly Current investments (-€310,581) and Contributions, distributions and other (-€90,000)
- Receivables within one year +€27,962
new in 2025: €27,962
of which Other amounts receivable: +€26,275
- Tangible fixed assets -€15,085
down €15,085 (-71.4%), from €21,115 to €6,029
- Reserves +€91,147
up €91,147 (+30.5%), from €298,870 to €390,016
- Current portion of long-term debt -€9,779
down €9,779 (-74.9%), from €13,060 to €3,280
- Other debts +€7,815
up €7,815 (+14.2%), from €55,185 to €63,000
- Gross operating margin -€52,935
down €52,935 (-16.9%), from €313,700 to €260,764
- Taxes -€18,025
down €18,025 (-21.3%), from €84,796 to €66,771
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.
Cash bridge derived
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 | €449,113 | €540,495 | +€91,382 | +20.3% |
| Fixed assets | 21/28 | €21,115 | €6,029 | -€15,085 | -71.4% |
| Tangible fixed assets | 22/27 | €21,115 | €6,029 | -€15,085 | -71.4% |
| Furniture and vehicles | 24 | €21,115 | €6,029 | -€15,085 | -71.4% |
| Current assets | 29/58 | €427,998 | €534,466 | +€106,467 | +24.9% |
| Amounts receivable within one year | 40/41 | - | €27,962 | +€27,962 | |
| Trade receivables | 40 | - | €1,687 | +€1,687 | |
| Other amounts receivable | 41 | - | €26,275 | +€26,275 | |
| Current investments | 50/53 | - | €310,581 | +€310,581 | |
| Cash at bank and in hand | 54/58 | €426,180 | €194,086 | -€232,094 | -54.5% |
| Deferred charges and accrued income | 490/1 | €1,818 | €1,836 | +€18 | +1.0% |
| Total equity and liabilities | 10/49 | €449,113 | €540,495 | +€91,382 | +20.3% |
| Equity | 10/15 | €317,470 | €408,616 | +€91,147 | +28.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €298,870 | €390,016 | +€91,147 | +30.5% |
| Distributable reserves | 133 | €298,870 | €390,016 | +€91,147 | +30.5% |
| Amounts payable | 17/49 | €131,644 | €131,879 | +€235 | +0.2% |
| Amounts payable after more than one year | 17 | €3,280 | - | -€3,280 | |
| Financial debts | 170/4 | €3,280 | - | -€3,280 | |
| Amounts payable within one year | 42/48 | €128,364 | €131,879 | +€3,515 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €13,060 | €3,280 | -€9,779 | -74.9% |
| Financial debts | 43 | €23,738 | €23,580 | -€158 | -0.7% |
| Credit institutions | 430/8 | €23,738 | €23,580 | -€158 | -0.7% |
| Trade debts | 44 | €1,096 | €1,334 | +€237 | +21.6% |
| Suppliers | 440/4 | €1,096 | €1,334 | +€237 | +21.6% |
| Taxes, remuneration and social security | 45 | €35,285 | €40,685 | +€5,400 | +15.3% |
| Taxes | 450/3 | €35,285 | €40,685 | +€5,400 | +15.3% |
| Other amounts payable | 47/48 | €55,185 | €63,000 | +€7,815 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,350 | €15,085 | -€265 | -1.7% |
| Other operating charges | 640/8 | €666 | €528 | -€138 | -20.7% |
| Gross operating margin | 9900 | €313,700 | €260,764 | -€52,935 | -16.9% |
| Operating profit (loss) | 9901 | €297,683 | €245,150 | -€52,533 | -17.6% |
| Financial income | 75/76B | €3,702 | €4,264 | +€562 | +15.2% |
| Recurring financial income | 75 | €3,702 | €4,264 | +€562 | +15.2% |
| Financial charges | 65/66B | €2,258 | €1,497 | -€761 | -33.7% |
| Recurring financial charges | 65 | €2,258 | €1,497 | -€761 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €299,127 | €247,917 | -€51,210 | -17.1% |
| Income taxes | 67/77 | €84,796 | €66,771 | -€18,025 | -21.3% |
| Profit (loss) for the period | 9904 | €214,332 | €181,147 | -€33,185 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €214,332 | €181,147 | -€33,185 | -15.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.