LAURIVAN: 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.
LAURIVAN
Largest movements
- Current investments +€65,854
up €65,854 (+22.0%), from €300,000 to €365,854
- Cash -€38,410
down €38,410 (-48.9%), from €78,609 to €40,198
mainly Current investments (-€65,854) and Contributions, distributions and other (-€22,723)
- Tangible fixed assets -€35,501
down €35,501 (-9.0%), from €394,875 to €359,374
of which Land and buildings: -€18,160
- Reserves -€12,349
down €12,349 (-5.8%), from €211,103 to €198,755
of which Tax-exempt reserves: -€6,729
- Gross operating margin -€8,557
down €8,557 (-14.0%), from €61,045 to €52,488
- Financial income -€6,176
down €6,176 (-46.4%), from €13,302 to €7,126
- Taxes -€4,851
down €4,851 (-36.7%), from €13,213 to €8,362
- Depreciation +€686
up €686 (+2.0%), from €34,815 to €35,501
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 | €777,061 | €766,422 | -€10,640 | -1.4% |
| Fixed assets | 21/28 | €394,875 | €359,374 | -€35,501 | -9.0% |
| Tangible fixed assets | 22/27 | €394,875 | €359,374 | -€35,501 | -9.0% |
| Land and buildings | 22 | €301,677 | €283,517 | -€18,160 | -6.0% |
| Plant, machinery and equipment | 23 | €71,209 | €59,153 | -€12,056 | -16.9% |
| Furniture and vehicles | 24 | €21,990 | €16,705 | -€5,285 | -24.0% |
| Current assets | 29/58 | €382,186 | €407,047 | +€24,861 | +6.5% |
| Amounts receivable within one year | 40/41 | €3,442 | €853 | -€2,590 | -75.2% |
| Trade receivables | 40 | - | €853 | +€853 | |
| Other amounts receivable | 41 | €3,442 | €0 | -€3,442 | -100.0% |
| Current investments | 50/53 | €300,000 | €365,854 | +€65,854 | +22.0% |
| Cash at bank and in hand | 54/58 | €78,609 | €40,198 | -€38,410 | -48.9% |
| Deferred charges and accrued income | 490/1 | €136 | €142 | +€7 | +4.8% |
| Total equity and liabilities | 10/49 | €777,061 | €766,422 | -€10,640 | -1.4% |
| Equity | 10/15 | €707,146 | €694,797 | -€12,349 | -1.7% |
| Contributions | 10/11 | €61,974 | €61,974 | = | 0.0% |
| Capital | 10 | €61,974 | €61,974 | = | 0.0% |
| Issued capital | 100 | €61,974 | €61,974 | = | 0.0% |
| Reserves | 13 | €211,103 | €198,755 | -€12,349 | -5.8% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €116,643 | €109,913 | -€6,729 | -5.8% |
| Distributable reserves | 133 | €88,263 | €82,644 | -€5,619 | -6.4% |
| Profit (loss) carried forward | 14 | €434,068 | €434,068 | = | 0.0% |
| Provisions and deferred taxes | 16 | €38,881 | €36,638 | -€2,243 | -5.8% |
| Deferred taxes | 168 | €38,881 | €36,638 | -€2,243 | -5.8% |
| Amounts payable | 17/49 | €31,035 | €34,987 | +€3,952 | +12.7% |
| Amounts payable within one year | 42/48 | €31,035 | €33,912 | +€2,877 | +9.3% |
| Trade debts | 44 | €3,600 | €1,948 | -€1,653 | -45.9% |
| Suppliers | 440/4 | €3,600 | €1,948 | -€1,653 | -45.9% |
| Taxes, remuneration and social security | 45 | €1,226 | €6,225 | +€4,999 | +407.9% |
| Taxes | 450/3 | €1,226 | €6,225 | +€4,999 | +407.9% |
| Other amounts payable | 47/48 | €26,209 | €25,740 | -€469 | -1.8% |
| Accrued charges and deferred income | 492/3 | €0 | €1,075 | +€1,075 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,815 | €35,501 | +€686 | +2.0% |
| Other operating charges | 640/8 | €6,930 | €7,358 | +€428 | +6.2% |
| Gross operating margin | 9900 | €61,045 | €52,488 | -€8,557 | -14.0% |
| Operating profit (loss) | 9901 | €19,300 | €9,629 | -€9,671 | -50.1% |
| Financial income | 75/76B | €13,302 | €7,126 | -€6,176 | -46.4% |
| Recurring financial income | 75 | €13,302 | €7,126 | -€6,176 | -46.4% |
| Financial charges | 65/66B | €48 | €262 | +€214 | +448.0% |
| Recurring financial charges | 65 | €48 | €262 | +€214 | +448.0% |
| Profit (loss) for the period before taxes | 9903 | €32,555 | €16,494 | -€16,061 | -49.3% |
| Transfer from deferred taxes | 780 | €2,243 | €2,243 | = | 0.0% |
| Income taxes | 67/77 | €13,213 | €8,362 | -€4,851 | -36.7% |
| Profit (loss) for the period | 9904 | €21,585 | €10,374 | -€11,210 | -51.9% |
| Transfer from tax-exempt reserves | 789 | €6,729 | €6,729 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,314 | €17,104 | -€11,210 | -39.6% |
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 11 October 2026 via checked.be.