LAURO: 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.
LAURO
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash +€72,945
up €72,945 (+10.5%), from €694,194 to €767,138
mainly Net result for the year (+€136,465) and Tax, wage and social debts (+€17,534)
- Tangible fixed assets -€13,208
down €13,208 (-31.2%), from €42,277 to €29,069
of which Furniture and vehicles: -€11,031
- Reserves +€136,465
up €136,465 (+19.8%), from €689,798 to €826,263
- Tax, wage and social debts +€17,534
up €17,534 (+37.4%), from €46,872 to €64,406
of which Taxes: +€27,420
- Trade debts +€13,244
up €13,244 (+51.6%), from €25,642 to €38,887
- Gross operating margin +€68,896
up €68,896 (+29.9%), from €230,607 to €299,503
- Taxes +€23,061
up €23,061 (+61.6%), from €37,427 to €60,488
- Staff costs -€15,576
down €15,576 (-17.5%), from €89,055 to €73,478
- Financial income -€11,555
down €11,555 (-79.5%), from €14,541 to €2,986
- Depreciation -€9,106
down €9,106 (-41.3%), from €22,058 to €12,952
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 | €771,239 | €936,350 | +€165,111 | +21.4% |
| Fixed assets | 21/28 | €49,022 | €35,814 | -€13,208 | -26.9% |
| Tangible fixed assets | 22/27 | €42,277 | €29,069 | -€13,208 | -31.2% |
| Land and buildings | 22 | €10,082 | €7,239 | -€2,843 | -28.2% |
| Plant, machinery and equipment | 23 | €16,261 | €16,927 | +€666 | +4.1% |
| Furniture and vehicles | 24 | €15,935 | €4,904 | -€11,031 | -69.2% |
| Financial fixed assets | 28 | €6,745 | €6,745 | = | 0.0% |
| Current assets | 29/58 | €722,217 | €900,536 | +€178,319 | +24.7% |
| Stocks and contracts in progress | 3 | €24,480 | €22,755 | -€1,725 | -7.0% |
| Stocks | 30/36 | €24,480 | €22,755 | -€1,725 | -7.0% |
| Amounts receivable within one year | 40/41 | €941 | €3,534 | +€2,593 | +275.7% |
| Trade receivables | 40 | €571 | €2,189 | +€1,618 | +283.6% |
| Other amounts receivable | 41 | €370 | €1,345 | +€975 | +263.3% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €694,194 | €767,138 | +€72,945 | +10.5% |
| Deferred charges and accrued income | 490/1 | €2,602 | €7,109 | +€4,506 | +173.2% |
| Total equity and liabilities | 10/49 | €771,239 | €936,350 | +€165,111 | +21.4% |
| Equity | 10/15 | €695,998 | €832,463 | +€136,465 | +19.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €689,798 | €826,263 | +€136,465 | +19.8% |
| Distributable reserves | 133 | €689,798 | €826,263 | +€136,465 | +19.8% |
| Amounts payable | 17/49 | €75,241 | €103,887 | +€28,646 | +38.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €75,188 | €103,887 | +€28,699 | +38.2% |
| Current portion of amounts payable after more than one year | 42 | €1,579 | €0 | -€1,579 | -100.0% |
| Trade debts | 44 | €25,642 | €38,887 | +€13,244 | +51.6% |
| Suppliers | 440/4 | €25,642 | €38,887 | +€13,244 | +51.6% |
| Taxes, remuneration and social security | 45 | €46,872 | €64,406 | +€17,534 | +37.4% |
| Taxes | 450/3 | €24,452 | €51,872 | +€27,420 | +112.1% |
| Remuneration and social security | 454/9 | €22,420 | €12,534 | -€9,886 | -44.1% |
| Other amounts payable | 47/48 | €1,095 | €595 | -€500 | -45.7% |
| Accrued charges and deferred income | 492/3 | €53 | €0 | -€53 | -100.0% |
| Remuneration, social security and pensions | 62 | €89,055 | €73,478 | -€15,576 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,058 | €12,952 | -€9,106 | -41.3% |
| Other operating charges | 640/8 | €5,398 | €5,540 | +€143 | +2.6% |
| Non-recurring operating charges | 66A | €138 | €6,696 | +€6,558 | +4769.6% |
| Gross operating margin | 9900 | €230,607 | €299,503 | +€68,896 | +29.9% |
| Operating profit (loss) | 9901 | €113,960 | €200,837 | +€86,878 | +76.2% |
| Financial income | 75/76B | €14,541 | €2,986 | -€11,555 | -79.5% |
| Recurring financial income | 75 | €14,541 | €2,986 | -€11,555 | -79.5% |
| Financial charges | 65/66B | €5,767 | €6,870 | +€1,103 | +19.1% |
| Recurring financial charges | 65 | €5,767 | €6,870 | +€1,103 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €122,734 | €196,953 | +€74,220 | +60.5% |
| Income taxes | 67/77 | €37,427 | €60,488 | +€23,061 | +61.6% |
| Profit (loss) for the period | 9904 | €85,307 | €136,465 | +€51,158 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,307 | €136,465 | +€51,158 | +60.0% |
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 1 October 2026 via checked.be.