LAUTERTRANS: 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
LAUTERTRANS
NACE 50.400, Inland freight water transport
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€701,866
2024 · €504,025+€197,841
Equity
€7.5m
2024 · €6.8m+€671,866
Cash
€922,588
2024 · €1.3m-€370,178
Balance sheet total
€10.4m
2024 · €10.0m+€363,862
Largest movements
Assets
- Tangible fixed assets +€767,097
up €767,097 (+10.1%), from €7.6m to €8.4m
of which Land and buildings: +€1.1m
- Cash -€370,178
down €370,178 (-28.6%), from €1.3m to €922,588
mainly Investment in fixed assets (net) (-€1.4m) and Debts after one year (-€233,332)
Equity and liabilities
- Profit (loss) carried forward +€750,616
up €750,616 (+18.8%), from €4.0m to €4.7m
- Debts after one year -€233,332
down €233,332 (-10.1%), from €2.3m to €2.1m
Income statement
- Gross operating margin +€326,676
up €326,676 (+25.7%), from €1.3m to €1.6m
- Taxes +€67,707
up €67,707 (+34.4%), from €196,690 to €264,397
- Other operating charges +€34,481
up €34,481 (+1373.3%), from €2,511 to €36,992
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
€504,025
Gross operating margin
+€326,676
Depreciation
-€14,703
Other operating charges
-€34,481
Financial income
-€15,828
Financial charges
+€3,884
Taxes
-€67,707
Result 2025
€701,866
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.
From operations
+€1.3m
Investment
-€1.4m
Financing
-€263,332
Cash 2024
€1.3m
From operations (derived)
+€1.3m
Net result for the year
+€701,866
Depreciation
+€602,974
Receivables within one year
+€30,248
Smaller working-capital items
+€4,459
Provisions
-€16,250
Trade debts
+€68,148
Tax, wage and social debts
-€44,220
Other debts
-€84,000
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Financing
-€263,332
Debts after one year
-€233,332
Contributions, distributions and other
-€30,000
Cash 2025
€922,588
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,014,638 | €10,378,500 | +€363,862 | +3.6% |
| Fixed assets | 21/28 | €7,602,112 | €8,369,209 | +€767,097 | +10.1% |
| Tangible fixed assets | 22/27 | €7,602,112 | €8,369,209 | +€767,097 | +10.1% |
| Land and buildings | 22 | - | €1,100,797 | +€1.1m | |
| Plant, machinery and equipment | 23 | €1,947 | €1,730 | -€217 | -11.2% |
| Furniture and vehicles | 24 | €7,600,166 | €7,013,117 | -€587,048 | -7.7% |
| Other tangible fixed assets | 26 | - | €253,566 | +€253,566 | |
| Current assets | 29/58 | €2,412,526 | €2,009,291 | -€403,235 | -16.7% |
| Amounts receivable within one year | 40/41 | €114,904 | €84,656 | -€30,248 | -26.3% |
| Trade receivables | 40 | €81,217 | €55,843 | -€25,374 | -31.2% |
| Other amounts receivable | 41 | €33,687 | €28,813 | -€4,874 | -14.5% |
| Current investments | 50/53 | €1,000,000 | €1,000,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,292,766 | €922,588 | -€370,178 | -28.6% |
| Deferred charges and accrued income | 490/1 | €4,856 | €2,047 | -€2,809 | -57.8% |
| Total equity and liabilities | 10/49 | €10,014,638 | €10,378,500 | +€363,862 | +3.6% |
| Equity | 10/15 | €6,786,469 | €7,458,335 | +€671,866 | +9.9% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €2,494,390 | €2,415,640 | -€78,750 | -3.2% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,660,390 | €1,581,640 | -€78,750 | -4.7% |
| Distributable reserves | 133 | €804,000 | €804,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,992,079 | €4,742,695 | +€750,616 | +18.8% |
| Provisions and deferred taxes | 16 | €508,996 | €492,746 | -€16,250 | -3.2% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Major repairs and maintenance | 162 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Deferred taxes | 168 | €458,996 | €432,746 | -€26,250 | -5.7% |
| Amounts payable | 17/49 | €2,719,173 | €2,427,419 | -€291,754 | -10.7% |
| Amounts payable after more than one year | 17 | €2,310,011 | €2,076,679 | -€233,332 | -10.1% |
| Financial debts | 170/4 | €2,310,011 | €2,076,679 | -€233,332 | -10.1% |
| Amounts payable within one year | 42/48 | €409,162 | €349,090 | -€60,072 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €233,332 | €233,332 | = | 0.0% |
| Trade debts | 44 | €1,411 | €69,559 | +€68,148 | +4828.9% |
| Suppliers | 440/4 | €1,411 | €69,559 | +€68,148 | +4828.9% |
| Taxes, remuneration and social security | 45 | €69,419 | €25,199 | -€44,220 | -63.7% |
| Taxes | 450/3 | €69,419 | €25,199 | -€44,220 | -63.7% |
| Other amounts payable | 47/48 | €105,000 | €21,000 | -€84,000 | -80.0% |
| Accrued charges and deferred income | 492/3 | - | €1,650 | +€1,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €588,271 | €602,974 | +€14,703 | +2.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €10,000 | €10,000 | = | 0.0% |
| Other operating charges | 640/8 | €2,511 | €36,992 | +€34,481 | +1373.3% |
| Gross operating margin | 9900 | €1,271,042 | €1,597,718 | +€326,676 | +25.7% |
| Operating profit (loss) | 9901 | €670,261 | €947,753 | +€277,492 | +41.4% |
| Financial income | 75/76B | €43,576 | €27,749 | -€15,828 | -36.3% |
| Recurring financial income | 75 | €43,576 | €27,749 | -€15,828 | -36.3% |
| Financial charges | 65/66B | €39,373 | €35,489 | -€3,884 | -9.9% |
| Recurring financial charges | 65 | €39,373 | €35,489 | -€3,884 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €674,465 | €940,013 | +€265,548 | +39.4% |
| Transfer from deferred taxes | 780 | €26,250 | €26,250 | = | 0.0% |
| Income taxes | 67/77 | €196,690 | €264,397 | +€67,707 | +34.4% |
| Profit (loss) for the period | 9904 | €504,025 | €701,866 | +€197,841 | +39.3% |
| Transfer from tax-exempt reserves | 789 | €78,750 | €78,750 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €582,775 | €780,616 | +€197,841 | +33.9% |
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.