LAUTS: 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.
LAUTS
Largest movements
- Tangible fixed assets -€70,814
down €70,814 (-6.4%), from €1.1m to €1.0m
of which Land and buildings: -€50,393
- Cash +€63,834
up €63,834 (+73.2%), from €87,256 to €151,090
mainly Depreciation (+€84,783) and Net result for the year (+€46,166)
- Debts after one year -€74,526
down €74,526 (-8.4%), from €892,351 to €817,825
of which Financial debts: -€74,526
- Reserves +€46,166
up €46,166 (+23.1%), from €199,872 to €246,037
- Trade debts +€14,076
up €14,076 (+24.5%), from €57,515 to €71,591
- Gross operating margin +€14,995
up €14,995 (+9.6%), from €156,810 to €171,804
- Depreciation +€7,924
up €7,924 (+10.3%), from €76,858 to €84,783
- Taxes +€5,696
up €5,696 (+57.1%), from €9,973 to €15,669
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 | €1,244,651 | €1,223,692 | -€20,960 | -1.7% |
| Fixed assets | 21/28 | €1,143,211 | €1,064,775 | -€78,437 | -6.9% |
| Intangible fixed assets | 21 | €37,422 | €29,799 | -€7,623 | -20.4% |
| Tangible fixed assets | 22/27 | €1,105,789 | €1,034,975 | -€70,814 | -6.4% |
| Land and buildings | 22 | €1,054,306 | €1,003,913 | -€50,393 | -4.8% |
| Plant, machinery and equipment | 23 | €40,347 | €24,232 | -€16,115 | -39.9% |
| Furniture and vehicles | 24 | €3,597 | €2,081 | -€1,516 | -42.1% |
| Leasing and similar rights | 25 | €7,539 | €4,749 | -€2,790 | -37.0% |
| Current assets | 29/58 | €101,440 | €158,917 | +€57,477 | +56.7% |
| Amounts receivable within one year | 40/41 | €1,337 | €2,619 | +€1,281 | +95.8% |
| Trade receivables | 40 | €310 | €2,392 | +€2,082 | +671.6% |
| Other amounts receivable | 41 | €1,027 | €226 | -€801 | -78.0% |
| Cash at bank and in hand | 54/58 | €87,256 | €151,090 | +€63,834 | +73.2% |
| Deferred charges and accrued income | 490/1 | €12,846 | €5,208 | -€7,638 | -59.5% |
| Total equity and liabilities | 10/49 | €1,244,651 | €1,223,692 | -€20,960 | -1.7% |
| Equity | 10/15 | €204,872 | €251,037 | +€46,166 | +22.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €199,872 | €246,037 | +€46,166 | +23.1% |
| Distributable reserves | 133 | €199,872 | €246,037 | +€46,166 | +23.1% |
| Amounts payable | 17/49 | €1,039,779 | €972,654 | -€67,125 | -6.5% |
| Amounts payable after more than one year | 17 | €892,351 | €817,825 | -€74,526 | -8.4% |
| Financial debts | 170/4 | €889,566 | €815,040 | -€74,526 | -8.4% |
| Other amounts payable | 178/9 | €2,785 | €2,785 | = | 0.0% |
| Amounts payable within one year | 42/48 | €145,206 | €153,063 | +€7,857 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €82,528 | €77,866 | -€4,663 | -5.6% |
| Trade debts | 44 | €57,515 | €71,591 | +€14,076 | +24.5% |
| Suppliers | 440/4 | €57,515 | €71,591 | +€14,076 | +24.5% |
| Advances received on contracts in progress | 46 | - | €645 | +€645 | |
| Taxes, remuneration and social security | 45 | €0 | €1,886 | +€1,886 | |
| Taxes | 450/3 | €0 | €1,886 | +€1,886 | |
| Other amounts payable | 47/48 | €5,162 | €1,075 | -€4,087 | -79.2% |
| Accrued charges and deferred income | 492/3 | €2,222 | €1,766 | -€456 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,858 | €84,783 | +€7,924 | +10.3% |
| Other operating charges | 640/8 | €6,870 | €6,678 | -€192 | -2.8% |
| Gross operating margin | 9900 | €156,810 | €171,804 | +€14,995 | +9.6% |
| Operating profit (loss) | 9901 | €73,081 | €80,343 | +€7,262 | +9.9% |
| Financial income | 75/76B | €1 | €49 | +€49 | +7138.2% |
| Recurring financial income | 75 | €1 | €49 | +€49 | +7138.2% |
| Financial charges | 65/66B | €17,613 | €18,558 | +€946 | +5.4% |
| Recurring financial charges | 65 | €17,613 | €18,558 | +€946 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €55,469 | €61,834 | +€6,365 | +11.5% |
| Income taxes | 67/77 | €9,973 | €15,669 | +€5,696 | +57.1% |
| Profit (loss) for the period | 9904 | €45,497 | €46,166 | +€669 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,497 | €46,166 | +€669 | +1.5% |
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 8 October 2026 via checked.be.