LAURIJSSEN: 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.
LAURIJSSEN
Largest movements
- Cash +€53,863
up €53,863 (+100%), from €53,722 to €107,585
mainly Depreciation (+€103,613) and Net result for the year (+€61,149)
- Tangible fixed assets -€42,059
down €42,059 (-2.6%), from €1.6m to €1.6m
of which Land and buildings: -€45,435
- Reserves +€61,149
up €61,149 (+8.0%), from €768,202 to €829,351
of which Distributable reserves: +€61,149
- Debts after one year -€54,385
down €54,385 (-5.2%), from €1.1m to €1.0m
- Trade debts -€39,846
down €39,846 (-14.4%), from €276,972 to €237,126
- Short-term financial debts -€33,597
down €33,597 (-49.0%), from €68,597 to €35,000
- Current portion of long-term debt +€28,088
up €28,088 (+25.4%), from €110,650 to €138,738
- Depreciation +€18,296
up €18,296 (+21.4%), from €85,317 to €103,613
- Staff costs +€17,091
up €17,091 (+10.3%), from €166,677 to €183,768
- Gross operating margin +€13,239
up €13,239 (+3.0%), from €443,319 to €456,558
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 | €2,364,961 | €2,340,722 | -€24,239 | -1.0% |
| Fixed assets | 21/28 | €1,640,919 | €1,593,324 | -€47,596 | -2.9% |
| Intangible fixed assets | 21 | €19,766 | €14,230 | -€5,536 | -28.0% |
| Tangible fixed assets | 22/27 | €1,613,073 | €1,571,013 | -€42,059 | -2.6% |
| Land and buildings | 22 | €1,522,022 | €1,476,587 | -€45,435 | -3.0% |
| Plant, machinery and equipment | 23 | €62,344 | €77,080 | +€14,736 | +23.6% |
| Furniture and vehicles | 24 | €28,707 | €17,346 | -€11,361 | -39.6% |
| Financial fixed assets | 28 | €8,080 | €8,080 | = | 0.0% |
| Current assets | 29/58 | €724,042 | €747,398 | +€23,356 | +3.2% |
| Stocks and contracts in progress | 3 | €593,140 | €577,438 | -€15,702 | -2.6% |
| Stocks | 30/36 | €593,140 | €577,438 | -€15,702 | -2.6% |
| Amounts receivable within one year | 40/41 | €63,114 | €57,222 | -€5,892 | -9.3% |
| Trade receivables | 40 | €17,790 | €14,264 | -€3,526 | -19.8% |
| Other amounts receivable | 41 | €45,324 | €42,958 | -€2,366 | -5.2% |
| Cash at bank and in hand | 54/58 | €53,722 | €107,585 | +€53,863 | +100% |
| Deferred charges and accrued income | 490/1 | €14,066 | €5,153 | -€8,913 | -63.4% |
| Total equity and liabilities | 10/49 | €2,364,961 | €2,340,722 | -€24,239 | -1.0% |
| Equity | 10/15 | €792,992 | €854,140 | +€61,149 | +7.7% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €768,202 | €829,351 | +€61,149 | +8.0% |
| Tax-exempt reserves | 132 | €372 | €372 | = | 0.0% |
| Distributable reserves | 133 | €767,831 | €828,979 | +€61,149 | +8.0% |
| Amounts payable | 17/49 | €1,571,969 | €1,486,581 | -€85,388 | -5.4% |
| Amounts payable after more than one year | 17 | €1,055,630 | €1,001,246 | -€54,385 | -5.2% |
| Financial debts | 170/4 | €1,055,630 | €1,001,246 | -€54,385 | -5.2% |
| Amounts payable within one year | 42/48 | €516,339 | €485,335 | -€31,003 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €110,650 | €138,738 | +€28,088 | +25.4% |
| Financial debts | 43 | €68,597 | €35,000 | -€33,597 | -49.0% |
| Credit institutions | 430/8 | €68,597 | €35,000 | -€33,597 | -49.0% |
| Trade debts | 44 | €276,972 | €237,126 | -€39,846 | -14.4% |
| Suppliers | 440/4 | €276,972 | €237,126 | -€39,846 | -14.4% |
| Advances received on contracts in progress | 46 | €75 | €0 | -€75 | -100% |
| Taxes, remuneration and social security | 45 | €39,574 | €46,701 | +€7,127 | +18.0% |
| Taxes | 450/3 | €22,912 | €29,182 | +€6,270 | +27.4% |
| Remuneration and social security | 454/9 | €16,662 | €17,520 | +€857 | +5.1% |
| Other amounts payable | 47/48 | €20,471 | €27,770 | +€7,299 | +35.7% |
| Remuneration, social security and pensions | 62 | €166,677 | €183,768 | +€17,091 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,317 | €103,613 | +€18,296 | +21.4% |
| Other operating charges | 640/8 | €5,899 | €9,587 | +€3,688 | +62.5% |
| Non-recurring operating charges | 66A | €799 | €376 | -€423 | -53.0% |
| Gross operating margin | 9900 | €443,319 | €456,558 | +€13,239 | +3.0% |
| Operating profit (loss) | 9901 | €184,626 | €159,214 | -€25,412 | -13.8% |
| Financial income | 75/76B | €0 | €3,087 | +€3,087 | |
| Recurring financial income | 75 | €0 | €3,087 | +€3,087 | |
| Financial charges | 65/66B | €70,861 | €71,518 | +€657 | +0.9% |
| Recurring financial charges | 65 | €70,861 | €71,518 | +€657 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €113,766 | €90,783 | -€22,983 | -20.2% |
| Income taxes | 67/77 | €28,133 | €29,634 | +€1,502 | +5.3% |
| Profit (loss) for the period | 9904 | €85,633 | €61,149 | -€24,484 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €85,633 | €61,149 | -€24,484 | -28.6% |
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 30 October 2026 via checked.be.