LAUWERS: 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.
LAUWERS
Largest movements
- Cash -€342,659
down €342,659 (-68.8%), from €498,168 to €155,509
mainly Tax, wage and social debts (-€198,134) and Net result for the year (-€136,045)
- Tangible fixed assets -€96,074
down €96,074 (-17.0%), from €566,568 to €470,493
of which Plant, machinery and equipment: -€102,490
- Receivables within one year +€39,174
up €39,174 (+14.1%), from €277,923 to €317,098
of which Other amounts receivable: +€28,003
- Tax, wage and social debts -€198,134
down €198,134 (-91.8%), from €215,857 to €17,723
of which Taxes: -€191,753
- Profit (loss) carried forward -€136,045
down €136,045 (-97.7%), from €139,263 to €3,217
- Debts after one year -€75,648
down €75,648 (-31.6%), from €239,592 to €163,944
- Trade debts +€23,540
up €23,540 (+17.0%), from €138,215 to €161,756
- Gross operating margin +€108,331
up €108,331 (+42.9%), from €252,299 to €360,630
- Financial income +€18,479
up €18,479 (+225%), from €8,221 to €26,700
- Staff costs -€6,838
down €6,838 (-1.8%), from €371,455 to €364,617
- Other operating charges -€3,794
down €3,794 (-26.8%), from €14,159 to €10,365
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 | €1,403,625 | €1,018,595 | -€385,031 | -27.4% |
| Fixed assets | 21/28 | €587,619 | €491,545 | -€96,074 | -16.3% |
| Tangible fixed assets | 22/27 | €566,568 | €470,493 | -€96,074 | -17.0% |
| Land and buildings | 22 | €97,000 | €95,631 | -€1,370 | -1.4% |
| Plant, machinery and equipment | 23 | €431,120 | €328,630 | -€102,490 | -23.8% |
| Furniture and vehicles | 24 | €38,448 | €46,233 | +€7,785 | +20.2% |
| Financial fixed assets | 28 | €21,051 | €21,051 | = | 0.0% |
| Current assets | 29/58 | €816,006 | €527,050 | -€288,957 | -35.4% |
| Stocks and contracts in progress | 3 | €33,192 | €34,178 | +€986 | +3.0% |
| Stocks | 30/36 | €33,192 | €34,178 | +€986 | +3.0% |
| Amounts receivable within one year | 40/41 | €277,923 | €317,098 | +€39,174 | +14.1% |
| Trade receivables | 40 | €148,949 | €160,120 | +€11,171 | +7.5% |
| Other amounts receivable | 41 | €128,974 | €156,977 | +€28,003 | +21.7% |
| Cash at bank and in hand | 54/58 | €498,168 | €155,509 | -€342,659 | -68.8% |
| Deferred charges and accrued income | 490/1 | €6,723 | €20,265 | +€13,541 | +201% |
| Total equity and liabilities | 10/49 | €1,403,625 | €1,018,595 | -€385,031 | -27.4% |
| Equity | 10/15 | €732,924 | €596,878 | -€136,045 | -18.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €531,687 | €531,687 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,437 | €0 | -€5,437 | -100% |
| Reserves not available under the articles | 1311 | €5,437 | €0 | -€5,437 | -100% |
| Tax-exempt reserves | 132 | €526,250 | €526,250 | = | 0.0% |
| Distributable reserves | 133 | - | €5,437 | +€5,437 | |
| Profit (loss) carried forward | 14 | €139,263 | €3,217 | -€136,045 | -97.7% |
| Amounts payable | 17/49 | €670,702 | €421,716 | -€248,985 | -37.1% |
| Amounts payable after more than one year | 17 | €239,592 | €163,944 | -€75,648 | -31.6% |
| Financial debts | 170/4 | €239,592 | €163,944 | -€75,648 | -31.6% |
| Amounts payable within one year | 42/48 | €429,720 | €255,127 | -€174,593 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €75,648 | €75,648 | = | 0.0% |
| Trade debts | 44 | €138,215 | €161,756 | +€23,540 | +17.0% |
| Suppliers | 440/4 | €138,215 | €161,756 | +€23,540 | +17.0% |
| Taxes, remuneration and social security | 45 | €215,857 | €17,723 | -€198,134 | -91.8% |
| Taxes | 450/3 | €191,966 | €213 | -€191,753 | -99.9% |
| Remuneration and social security | 454/9 | €23,891 | €17,510 | -€6,381 | -26.7% |
| Accrued charges and deferred income | 492/3 | €1,390 | €2,645 | +€1,256 | +90.4% |
| Non-recurring operating income | 76A | €0 | €241 | +€241 | |
| Remuneration, social security and pensions | 62 | €371,455 | €364,617 | -€6,838 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,665 | €120,618 | +€1,953 | +1.6% |
| Other operating charges | 640/8 | €14,159 | €10,365 | -€3,794 | -26.8% |
| Non-recurring operating charges | 66A | €538,804 | €0 | -€538,804 | -100% |
| Gross operating margin | 9900 | €252,299 | €360,630 | +€108,331 | +42.9% |
| Operating profit (loss) | 9901 | -€790,784 | -€134,969 | +€655,815 | +82.9% |
| Financial income | 75/76B | €8,221 | €26,700 | +€18,479 | +225% |
| Recurring financial income | 75 | €8,221 | €26,700 | +€18,479 | +225% |
| Financial charges | 65/66B | €28,236 | €26,237 | -€1,999 | -7.1% |
| Recurring financial charges | 65 | €28,236 | €26,237 | -€1,999 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€810,800 | -€134,506 | +€676,294 | +83.4% |
| Income taxes | 67/77 | €194 | €1,539 | +€1,346 | +694% |
| Profit (loss) for the period | 9904 | -€810,993 | -€136,045 | +€674,948 | +83.2% |
| Transfer from tax-exempt reserves | 789 | €4,586 | €0 | -€4,586 | -100% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€806,407 | -€136,045 | +€670,362 | +83.1% |
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 19 October 2026 via checked.be.