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
- Current investments +€299,091
up €299,091 (+46.5%), from €643,082 to €942,173
- Cash -€297,557
down €297,557 (-27.1%), from €1.1m to €800,374
mainly Current investments (-€299,091) and Other debts (-€190,351)
- Receivables within one year -€167,608
down €167,608 (-52.2%), from €321,353 to €153,745
of which Trade receivables: -€194,293
- Stocks and contracts -€34,380
down €34,380 (-9.5%), from €360,130 to €325,750
- Other debts -€190,351
down €190,351 (-99.8%), from €190,821 to €470
- Reserves +€186,893
up €186,893 (+8.1%), from €2.3m to €2.5m
of which Distributable reserves: +€186,893
- Tax, wage and social debts -€78,998
down €78,998 (-54.3%), from €145,527 to €66,529
of which Taxes: -€72,001
- Trade debts -€58,623
down €58,623 (-50.9%), from €115,181 to €56,558
- Gross operating margin -€87,090
down €87,090 (-12.3%), from €706,570 to €619,479
- Financial income -€37,851
down €37,851 (-56.3%), from €67,229 to €29,377
- Taxes -€36,844
down €36,844 (-32.2%), from €114,267 to €77,423
- Financial charges -€9,425
down €9,425 (-49.9%), from €18,878 to €9,453
- Depreciation -€7,129
down €7,129 (-10.8%), from €65,919 to €58,790
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 | €3,144,037 | €2,980,955 | -€163,081 | -5.2% |
| Fixed assets | 21/28 | €721,541 | €743,351 | +€21,810 | +3.0% |
| Tangible fixed assets | 22/27 | €721,381 | €743,191 | +€21,810 | +3.0% |
| Land and buildings | 22 | €642,891 | €617,421 | -€25,471 | -4.0% |
| Plant, machinery and equipment | 23 | €31,065 | €20,872 | -€10,192 | -32.8% |
| Furniture and vehicles | 24 | €47,426 | €104,898 | +€57,473 | +121% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €2,422,496 | €2,237,605 | -€184,891 | -7.6% |
| Stocks and contracts in progress | 3 | €360,130 | €325,750 | -€34,380 | -9.5% |
| Stocks | 30/36 | €360,130 | €325,750 | -€34,380 | -9.5% |
| Amounts receivable within one year | 40/41 | €321,353 | €153,745 | -€167,608 | -52.2% |
| Trade receivables | 40 | €320,468 | €126,175 | -€194,293 | -60.6% |
| Other amounts receivable | 41 | €885 | €27,570 | +€26,685 | +3,015% |
| Current investments | 50/53 | €643,082 | €942,173 | +€299,091 | +46.5% |
| Cash at bank and in hand | 54/58 | €1,097,931 | €800,374 | -€297,557 | -27.1% |
| Deferred charges and accrued income | 490/1 | €0 | €15,562 | +€15,562 | |
| Total equity and liabilities | 10/49 | €3,144,037 | €2,980,955 | -€163,081 | -5.2% |
| Equity | 10/15 | €2,366,138 | €2,553,031 | +€186,893 | +7.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,304,138 | €2,491,031 | +€186,893 | +8.1% |
| Non-distributable reserves | 130/1 | €58,750 | €58,750 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Own shares acquired | 1312 | €52,550 | €52,550 | = | 0.0% |
| Tax-exempt reserves | 132 | €52,557 | €52,557 | = | 0.0% |
| Distributable reserves | 133 | €2,192,831 | €2,379,724 | +€186,893 | +8.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €777,899 | €427,925 | -€349,974 | -45.0% |
| Amounts payable after more than one year | 17 | €304,368 | €282,366 | -€22,002 | -7.2% |
| Financial debts | 170/4 | €304,368 | €282,366 | -€22,002 | -7.2% |
| Amounts payable within one year | 42/48 | €473,531 | €145,559 | -€327,972 | -69.3% |
| Current portion of amounts payable after more than one year | 42 | €22,002 | €22,002 | = | 0.0% |
| Trade debts | 44 | €115,181 | €56,558 | -€58,623 | -50.9% |
| Suppliers | 440/4 | €115,181 | €56,558 | -€58,623 | -50.9% |
| Taxes, remuneration and social security | 45 | €145,527 | €66,529 | -€78,998 | -54.3% |
| Taxes | 450/3 | €99,316 | €27,315 | -€72,001 | -72.5% |
| Remuneration and social security | 454/9 | €46,211 | €39,214 | -€6,997 | -15.1% |
| Other amounts payable | 47/48 | €190,821 | €470 | -€190,351 | -99.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €303,163 | €299,796 | -€3,367 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,919 | €58,790 | -€7,129 | -10.8% |
| Other operating charges | 640/8 | €17,180 | €16,501 | -€679 | -4.0% |
| Gross operating margin | 9900 | €706,570 | €619,479 | -€87,090 | -12.3% |
| Operating profit (loss) | 9901 | €320,308 | €244,392 | -€75,916 | -23.7% |
| Financial income | 75/76B | €67,229 | €29,377 | -€37,851 | -56.3% |
| Recurring financial income | 75 | €67,229 | €29,377 | -€37,851 | -56.3% |
| Financial charges | 65/66B | €18,878 | €9,453 | -€9,425 | -49.9% |
| Recurring financial charges | 65 | €18,878 | €9,453 | -€9,425 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €368,658 | €264,316 | -€104,343 | -28.3% |
| Income taxes | 67/77 | €114,267 | €77,423 | -€36,844 | -32.2% |
| Profit (loss) for the period | 9904 | €254,391 | €186,893 | -€67,498 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €254,391 | €186,893 | -€67,498 | -26.5% |
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 18 October 2026 via checked.be.