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.
What changed
LAUWERS
NACE 68.202, Real estate activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€39,346
2024 · -€72,134+€32,788
Equity
€612,911
2024 · €652,257-€39,346
Cash
€1,526
2024 · €795+€731
Balance sheet total
€1.5m
2024 · €1.6m-€33,630
Largest movements
Assets
- Tangible fixed assets -€34,190
down €34,190 (-5.6%), from €613,493 to €579,303
of which Land and buildings: -€33,555
Equity and liabilities
- Profit (loss) carried forward -€39,346
down €39,346 (-4.8%), from -€824,967 to -€864,313
Income statement
- Financial charges -€17,872
down €17,872 (-67.6%), from €26,450 to €8,578
- Depreciation -€8,954
down €8,954 (-20.8%), from €43,144 to €34,190
- Gross operating margin +€5,999
up €5,999 (+369%), from €1,624 to €7,623
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
-€72,134
Gross operating margin
+€5,999
Depreciation
+€8,954
Other operating charges
-€43
Financial income
-€1
Financial charges
+€17,872
Taxes
+€7
Result 2025
-€39,346
raises the resultlowers the result
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.
From operations
+€731
Investment
€0
Financing
€0
Cash 2024
€795
From operations (derived)
+€731
Net result for the year
-€39,346
Depreciation
+€34,190
Receivables within one year
+€340
Deferred charges and accrued income
-€169
Trade debts
+€482
Tax, wage and social debts
-€98
Advances received
+€547
Other debts
+€4,786
Cash 2025
€1,526
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,580,550 | €1,546,920 | -€33,630 | -2.1% |
| Fixed assets | 21/28 | €613,543 | €579,353 | -€34,190 | -5.6% |
| Tangible fixed assets | 22/27 | €613,493 | €579,303 | -€34,190 | -5.6% |
| Land and buildings | 22 | €611,645 | €578,090 | -€33,555 | -5.5% |
| Plant, machinery and equipment | 23 | €1,848 | €1,213 | -€635 | -34.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €967,007 | €967,567 | +€560 | +0.1% |
| Stocks and contracts in progress | 3 | €960,199 | €960,199 | = | 0.0% |
| Stocks | 30/36 | €960,199 | €960,199 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,851 | €5,511 | -€340 | -5.8% |
| Trade receivables | 40 | €5,467 | €5,467 | = | 0.0% |
| Other amounts receivable | 41 | €384 | €44 | -€340 | -88.5% |
| Cash at bank and in hand | 54/58 | €795 | €1,526 | +€731 | +92.0% |
| Deferred charges and accrued income | 490/1 | €162 | €331 | +€169 | +104% |
| Total equity and liabilities | 10/49 | €1,580,550 | €1,546,920 | -€33,630 | -2.1% |
| Equity | 10/15 | €652,257 | €612,911 | -€39,346 | -6.0% |
| Contributions | 10/11 | €1,277,224 | €1,277,224 | = | 0.0% |
| Reserves | 13 | €200,000 | €200,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €127,722 | €127,722 | = | 0.0% |
| Reserves not available under the articles | 1311 | €127,722 | €127,722 | = | 0.0% |
| Distributable reserves | 133 | €72,278 | €72,278 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€824,967 | -€864,313 | -€39,346 | -4.8% |
| Amounts payable | 17/49 | €928,293 | €934,008 | +€5,716 | +0.6% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €728,293 | €734,008 | +€5,716 | +0.8% |
| Trade debts | 44 | €384 | €866 | +€482 | +125% |
| Suppliers | 440/4 | €384 | €866 | +€482 | +125% |
| Advances received on contracts in progress | 46 | €55,064 | €55,611 | +€547 | +1.0% |
| Taxes, remuneration and social security | 45 | €155 | €57 | -€98 | -63.3% |
| Taxes | 450/3 | €155 | €57 | -€98 | -63.3% |
| Other amounts payable | 47/48 | €672,689 | €677,475 | +€4,786 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,144 | €34,190 | -€8,954 | -20.8% |
| Other operating charges | 640/8 | €4,171 | €4,214 | +€43 | +1.0% |
| Gross operating margin | 9900 | €1,624 | €7,623 | +€5,999 | +369% |
| Operating profit (loss) | 9901 | -€45,692 | -€30,781 | +€14,910 | +32.6% |
| Financial income | 75/76B | €11 | €10 | -€1 | -8.0% |
| Recurring financial income | 75 | €11 | €10 | -€1 | -8.0% |
| Financial charges | 65/66B | €26,450 | €8,578 | -€17,872 | -67.6% |
| Recurring financial charges | 65 | €26,450 | €8,578 | -€17,872 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | -€72,131 | -€39,349 | +€32,782 | +45.4% |
| Income taxes | 67/77 | €3 | -€3 | -€7 | |
| Profit (loss) for the period | 9904 | -€72,134 | -€39,346 | +€32,788 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,134 | -€39,346 | +€32,788 | +45.5% |
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 30 October 2026 via checked.be.