LAUROLY: 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.
What changed
LAUROLY
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€40,099
2024 · €94,790-€54,691
Equity
€1.3m
2024 · €1.3m+€40,099
Cash
€36,336
2024 · €61,971-€25,634
Balance sheet total
€4.2m
2024 · €4.7m-€504,016
Largest movements
Assets
- Tangible fixed assets -€284,330
down €284,330 (-8.1%), from €3.5m to €3.2m
of which Leasing and similar rights: -€299,686
- Receivables within one year -€186,731
down €186,731 (-43.0%), from €434,513 to €247,782
of which Other amounts receivable: -€118,379
Equity and liabilities
- Debts after one year -€281,544
down €281,544 (-14.6%), from €1.9m to €1.6m
- Other debts -€179,822
down €179,822 (-22.2%), from €810,921 to €631,099
- Trade debts -€73,803
down €73,803 (-95.1%), from €77,617 to €3,815
- Profit (loss) carried forward +€52,849
up €52,849 (+6.8%), from €782,759 to €835,608
Income statement
- Gross operating margin -€53,649
down €53,649 (-7.3%), from €737,856 to €684,207
- Depreciation +€47,874
up €47,874 (+9.5%), from €502,338 to €550,212
- Taxes -€15,196
down €15,196 (-96.9%), from €15,684 to €488
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.
Result 2024
€94,790
Gross operating margin
-€53,649
Depreciation
-€47,874
Other operating charges
+€1,309
Financial income
+€42
Financial charges
+€6,957
Taxes
+€15,196
Deferred taxes and other
+€23,329
Result 2025
€40,099
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€526,280
Investment
-€265,882
Financing
-€286,033
Cash 2024
€61,971
From operations (derived)
+€526,280
Net result for the year
+€40,099
Depreciation
+€550,212
Receivables within one year
+€186,731
Deferred charges and accrued income
+€7,321
Provisions
-€4,250
Trade debts
-€73,803
Tax, wage and social debts
-€208
Other debts
-€179,822
Investment (derived)
-€265,882
Investment in fixed assets (net)
-€265,882
Financing
-€286,033
Debts after one year
-€281,544
Current portion of long-term debt
-€15,353
Short-term financial debts
+€10,864
Cash 2025
€36,336
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,656,370 | €4,152,353 | -€504,016 | -10.8% |
| Fixed assets | 21/28 | €4,147,156 | €3,862,826 | -€284,330 | -6.9% |
| Tangible fixed assets | 22/27 | €3,497,156 | €3,212,826 | -€284,330 | -8.1% |
| Land and buildings | 22 | €1,868,475 | €1,831,665 | -€36,810 | -2.0% |
| Plant, machinery and equipment | 23 | €377,508 | €358,315 | -€19,194 | -5.1% |
| Furniture and vehicles | 24 | €363,576 | €434,936 | +€71,360 | +19.6% |
| Leasing and similar rights | 25 | €887,597 | €587,910 | -€299,686 | -33.8% |
| Financial fixed assets | 28 | €650,000 | €650,000 | = | 0.0% |
| Current assets | 29/58 | €509,214 | €289,527 | -€219,686 | -43.1% |
| Amounts receivable within one year | 40/41 | €434,513 | €247,782 | -€186,731 | -43.0% |
| Trade receivables | 40 | €73,056 | €4,704 | -€68,352 | -93.6% |
| Other amounts receivable | 41 | €361,457 | €243,078 | -€118,379 | -32.8% |
| Cash at bank and in hand | 54/58 | €61,971 | €36,336 | -€25,634 | -41.4% |
| Deferred charges and accrued income | 490/1 | €12,730 | €5,409 | -€7,321 | -57.5% |
| Total equity and liabilities | 10/49 | €4,656,370 | €4,152,353 | -€504,016 | -10.8% |
| Equity | 10/15 | €1,260,040 | €1,300,139 | +€40,099 | +3.2% |
| Contributions | 10/11 | €61,950 | €61,950 | = | 0.0% |
| Capital | 10 | €61,950 | €61,950 | = | 0.0% |
| Issued capital | 100 | €61,950 | €61,950 | = | 0.0% |
| Reserves | 13 | €415,331 | €402,581 | -€12,750 | -3.1% |
| Non-distributable reserves | 130/1 | €6,195 | €6,195 | = | 0.0% |
| Legal reserve | 130 | €6,195 | €6,195 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,236 | €44,486 | -€12,750 | -22.3% |
| Distributable reserves | 133 | €351,900 | €351,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €782,759 | €835,608 | +€52,849 | +6.8% |
| Provisions and deferred taxes | 16 | €19,079 | €14,829 | -€4,250 | -22.3% |
| Deferred taxes | 168 | €19,079 | €14,829 | -€4,250 | -22.3% |
| Amounts payable | 17/49 | €3,377,251 | €2,837,386 | -€539,866 | -16.0% |
| Amounts payable after more than one year | 17 | €1,927,227 | €1,645,683 | -€281,544 | -14.6% |
| Financial debts | 170/4 | €1,927,227 | €1,645,683 | -€281,544 | -14.6% |
| Amounts payable within one year | 42/48 | €1,450,025 | €1,191,703 | -€258,322 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €468,016 | €452,664 | -€15,353 | -3.3% |
| Financial debts | 43 | €89,136 | €100,000 | +€10,864 | +12.2% |
| Credit institutions | 430/8 | €89,136 | €100,000 | +€10,864 | +12.2% |
| Trade debts | 44 | €77,617 | €3,815 | -€73,803 | -95.1% |
| Suppliers | 440/4 | €77,617 | €3,815 | -€73,803 | -95.1% |
| Taxes, remuneration and social security | 45 | €4,334 | €4,126 | -€208 | -4.8% |
| Taxes | 450/3 | €1,353 | €1,360 | +€7 | +0.5% |
| Remuneration and social security | 454/9 | €2,981 | €2,766 | -€215 | -7.2% |
| Other amounts payable | 47/48 | €810,921 | €631,099 | -€179,822 | -22.2% |
| Non-recurring operating income | 76A | €85,000 | €5,250 | -€79,750 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €502,338 | €550,212 | +€47,874 | +9.5% |
| Other operating charges | 640/8 | €32,933 | €31,624 | -€1,309 | -4.0% |
| Gross operating margin | 9900 | €737,856 | €684,207 | -€53,649 | -7.3% |
| Operating profit (loss) | 9901 | €202,585 | €102,371 | -€100,214 | -49.5% |
| Financial income | 75/76B | €612 | €654 | +€42 | +6.8% |
| Recurring financial income | 75 | €612 | €654 | +€42 | +6.8% |
| Financial charges | 65/66B | €73,645 | €66,688 | -€6,957 | -9.4% |
| Recurring financial charges | 65 | €73,645 | €66,688 | -€6,957 | -9.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €129,552 | €36,337 | -€93,215 | -72.0% |
| Transfer from deferred taxes | 780 | €2,171 | €4,250 | +€2,079 | +95.7% |
| Transfer to deferred taxes | 680 | €21,250 | €0 | -€21,250 | -100% |
| Income taxes | 67/77 | €15,684 | €488 | -€15,196 | -96.9% |
| Profit (loss) for the period | 9904 | €94,790 | €40,099 | -€54,691 | -57.7% |
| Transfer from tax-exempt reserves | 789 | €6,514 | €12,750 | +€6,236 | +95.7% |
| Transfer to tax-exempt reserves | 689 | €63,750 | €0 | -€63,750 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €37,554 | €52,849 | +€15,295 | +40.7% |
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 16 October 2026 via checked.be.