LAUWCO: 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.
LAUWCO
Largest movements
- Receivables within one year +€571,975
up €571,975 (+304%), from €187,856 to €759,831
of which Other amounts receivable: +€570,643
- Profit (loss) carried forward +€543,641
up €543,641 (+182%), from €298,967 to €842,608
- Trade debts +€12,895
up €12,895 (+320%), from €4,029 to €16,924
- Financial income +€513,806
up €513,806 (+751%), from €68,434 to €582,239
of which Non-recurring financial income: +€510,280
- Other operating charges +€8,536
up €8,536 (+437%), from €1,952 to €10,488
- Gross operating margin +€7,786
up €7,786 (+27.6%), from -€28,194 to -€20,408
- Financial charges +€455
up €455 (+165%), from €276 to €731
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €606,373 | €1,167,504 | +€561,130 | +92.5% |
| Fixed assets | 21/28 | €411,028 | €393,753 | -€17,276 | -4.2% |
| Tangible fixed assets | 22/27 | €20,663 | €13,957 | -€6,706 | -32.5% |
| Plant, machinery and equipment | 23 | €4,379 | €3,520 | -€859 | -19.6% |
| Furniture and vehicles | 24 | €16,284 | €10,437 | -€5,847 | -35.9% |
| Financial fixed assets | 28 | €390,366 | €379,796 | -€10,570 | -2.7% |
| Current assets | 29/58 | €195,345 | €773,751 | +€578,406 | +296% |
| Amounts receivable within one year | 40/41 | €187,856 | €759,831 | +€571,975 | +304% |
| Trade receivables | 40 | €22,150 | €23,482 | +€1,332 | +6.0% |
| Other amounts receivable | 41 | €165,706 | €736,349 | +€570,643 | +344% |
| Cash at bank and in hand | 54/58 | €3,880 | €8,276 | +€4,396 | +113% |
| Deferred charges and accrued income | 490/1 | €3,608 | €5,644 | +€2,036 | +56.4% |
| Total equity and liabilities | 10/49 | €606,373 | €1,167,504 | +€561,130 | +92.5% |
| Equity | 10/15 | €400,307 | €943,948 | +€543,641 | +136% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €95,140 | €95,140 | = | 0.0% |
| Distributable reserves | 133 | €95,140 | €95,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | €298,967 | €842,608 | +€543,641 | +182% |
| Amounts payable | 17/49 | €206,066 | €223,555 | +€17,490 | +8.5% |
| Amounts payable after more than one year | 17 | - | €1,538 | +€1,538 | |
| Financial debts | 170/4 | - | €1,538 | +€1,538 | |
| Amounts payable within one year | 42/48 | €206,066 | €222,017 | +€15,951 | +7.7% |
| Financial debts | 43 | €708 | - | -€708 | |
| Credit institutions | 430/8 | €708 | - | -€708 | |
| Trade debts | 44 | €4,029 | €16,924 | +€12,895 | +320% |
| Suppliers | 440/4 | €4,029 | €16,924 | +€12,895 | +320% |
| Taxes, remuneration and social security | 45 | €9,329 | €13,093 | +€3,765 | +40.4% |
| Taxes | 450/3 | €9,329 | €13,093 | +€3,765 | +40.4% |
| Other amounts payable | 47/48 | €192,000 | €192,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,648 | €6,706 | +€57 | +0.9% |
| Other operating charges | 640/8 | €1,952 | €10,488 | +€8,536 | +437% |
| Gross operating margin | 9900 | -€28,194 | -€20,408 | +€7,786 | +27.6% |
| Operating profit (loss) | 9901 | -€36,795 | -€37,602 | -€807 | -2.2% |
| Financial income | 75/76B | €68,434 | €582,239 | +€513,806 | +751% |
| Recurring financial income | 75 | €3,434 | €6,959 | +€3,526 | +103% |
| Non-recurring financial income | 76B | €65,000 | €575,280 | +€510,280 | +785% |
| Financial charges | 65/66B | €276 | €731 | +€455 | +165% |
| Recurring financial charges | 65 | €276 | €731 | +€455 | +165% |
| Profit (loss) for the period before taxes | 9903 | €31,364 | €543,907 | +€512,543 | +1,634% |
| Income taxes | 67/77 | €500 | €266 | -€234 | -46.8% |
| Profit (loss) for the period | 9904 | €30,864 | €543,641 | +€512,777 | +1,661% |
| Profit (loss) for the period to be appropriated | 9905 | €30,864 | €543,641 | +€512,777 | +1,661% |
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 22 October 2026 via checked.be.