LAUTREC: 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.
LAUTREC
Largest movements
- Cash +€82,448
up €82,448 (+197.5%), from €41,742 to €124,190
mainly Net result for the year (+€73,953) and Depreciation (+€13,041)
- Tangible fixed assets -€13,041
down €13,041 (-10.9%), from €120,143 to €107,101
- Receivables within one year +€6,758
up €6,758 (+25.2%), from €26,831 to €33,590
of which Trade receivables: +€6,762
- Reserves +€42,787
up €42,787 (+110.7%), from €38,660 to €81,447
- Profit (loss) carried forward +€31,166
up €31,166, from -€31,166 to €0
- Tax, wage and social debts +€5,705
up €5,705 (+725.8%), from €786 to €6,491
- Other debts -€3,715
down €3,715 (-2.2%), from €171,736 to €168,022
- Gross operating margin +€73,652
up €73,652 (+144.4%), from €51,003 to €124,655
- Taxes +€35,756
up €35,756 (+4291.2%), from €833 to €36,589
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €188,716 | €264,881 | +€76,165 | +40.4% |
| Fixed assets | 21/28 | €120,143 | €107,101 | -€13,041 | -10.9% |
| Tangible fixed assets | 22/27 | €120,143 | €107,101 | -€13,041 | -10.9% |
| Land and buildings | 22 | €79,621 | €76,609 | -€3,011 | -3.8% |
| Furniture and vehicles | 24 | €18,778 | €12,653 | -€6,125 | -32.6% |
| Other tangible fixed assets | 26 | €21,744 | €17,839 | -€3,905 | -18.0% |
| Current assets | 29/58 | €68,573 | €157,779 | +€89,206 | +130.1% |
| Amounts receivable within one year | 40/41 | €26,831 | €33,590 | +€6,758 | +25.2% |
| Trade receivables | 40 | €26,828 | €33,590 | +€6,762 | +25.2% |
| Other amounts receivable | 41 | €3 | €0 | -€3 | -100.0% |
| Cash at bank and in hand | 54/58 | €41,742 | €124,190 | +€82,448 | +197.5% |
| Total equity and liabilities | 10/49 | €188,716 | €264,881 | +€76,165 | +40.4% |
| Equity | 10/15 | €16,194 | €90,147 | +€73,953 | +456.7% |
| Contributions | 10/11 | €8,700 | €8,700 | = | 0.0% |
| Reserves | 13 | €38,660 | €81,447 | +€42,787 | +110.7% |
| Distributable reserves | 133 | €38,660 | €81,447 | +€42,787 | +110.7% |
| Profit (loss) carried forward | 14 | -€31,166 | €0 | +€31,166 | |
| Amounts payable | 17/49 | €172,522 | €174,734 | +€2,211 | +1.3% |
| Amounts payable within one year | 42/48 | €172,522 | €174,734 | +€2,211 | +1.3% |
| Trade debts | 44 | - | €221 | +€221 | |
| Suppliers | 440/4 | - | €221 | +€221 | |
| Taxes, remuneration and social security | 45 | €786 | €6,491 | +€5,705 | +725.8% |
| Taxes | 450/3 | €786 | €6,491 | +€5,705 | +725.8% |
| Other amounts payable | 47/48 | €171,736 | €168,022 | -€3,715 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,885 | €13,041 | +€156 | +1.2% |
| Other operating charges | 640/8 | €1,785 | €1,028 | -€757 | -42.4% |
| Gross operating margin | 9900 | €51,003 | €124,655 | +€73,652 | +144.4% |
| Operating profit (loss) | 9901 | €36,333 | €110,585 | +€74,253 | +204.4% |
| Financial income | 75/76B | €158 | €656 | +€498 | +315.6% |
| Recurring financial income | 75 | €158 | €656 | +€498 | +315.6% |
| Financial charges | 65/66B | €142 | €699 | +€557 | +391.3% |
| Recurring financial charges | 65 | €142 | €699 | +€557 | +391.3% |
| Profit (loss) for the period before taxes | 9903 | €36,348 | €110,542 | +€74,194 | +204.1% |
| Income taxes | 67/77 | €833 | €36,589 | +€35,756 | +4291.2% |
| Profit (loss) for the period | 9904 | €35,515 | €73,953 | +€38,438 | +108.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,515 | €73,953 | +€38,438 | +108.2% |
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 6 October 2026 via checked.be.