LAUWERS PETER: 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 PETER
Largest movements
- Cash +€34,073
up €34,073 (+796%), from €4,280 to €38,352
mainly Depreciation (+€26,183) and Net result for the year (+€24,708)
- Tangible fixed assets -€26,183
down €26,183 (-22.0%), from €118,764 to €92,581
- Receivables within one year +€1,657
up €1,657 (+14.1%), from €11,788 to €13,445
- Reserves +€24,500
up €24,500 (+1,317%), from €1,860 to €26,360
of which Distributable reserves: +€24,500
- Debts after one year -€21,972
down €21,972 (-24.7%), from €88,846 to €66,874
- Tax, wage and social debts +€5,114
up €5,114 (+185%), from €2,761 to €7,876
- Trade debts +€1,690
up €1,690 (+437%), from €387 to €2,077
- Gross operating margin +€38,727
up €38,727 (+118%), from €32,744 to €71,471
- Taxes +€11,857
up €11,857 (+1,163%), from €1,019 to €12,876
- Depreciation +€5,171
up €5,171 (+24.6%), from €21,013 to €26,183
- Financial charges -€920
down €920 (-18.2%), from €5,054 to €4,133
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 | €137,198 | €147,232 | +€10,034 | +7.3% |
| Fixed assets | 21/28 | €118,764 | €92,581 | -€26,183 | -22.0% |
| Tangible fixed assets | 22/27 | €118,764 | €92,581 | -€26,183 | -22.0% |
| Land and buildings | 22 | €65,099 | €52,037 | -€13,063 | -20.1% |
| Plant, machinery and equipment | 23 | €241 | - | -€241 | |
| Furniture and vehicles | 24 | €42,820 | €33,475 | -€9,345 | -21.8% |
| Other tangible fixed assets | 26 | €10,604 | €7,069 | -€3,535 | -33.3% |
| Current assets | 29/58 | €18,434 | €54,651 | +€36,217 | +196% |
| Amounts receivable within one year | 40/41 | €11,788 | €13,445 | +€1,657 | +14.1% |
| Other amounts receivable | 41 | €11,788 | €13,445 | +€1,657 | +14.1% |
| Cash at bank and in hand | 54/58 | €4,280 | €38,352 | +€34,073 | +796% |
| Deferred charges and accrued income | 490/1 | €2,367 | €2,854 | +€487 | +20.6% |
| Total equity and liabilities | 10/49 | €137,198 | €147,232 | +€10,034 | +7.3% |
| Equity | 10/15 | €20,263 | €44,971 | +€24,708 | +122% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €26,360 | +€24,500 | +1,317% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €24,500 | +€24,500 | |
| Profit (loss) carried forward | 14 | -€197 | €11 | +€208 | |
| Amounts payable | 17/49 | €116,935 | €102,261 | -€14,674 | -12.5% |
| Amounts payable after more than one year | 17 | €88,846 | €66,874 | -€21,972 | -24.7% |
| Financial debts | 170/4 | €88,846 | €66,874 | -€21,972 | -24.7% |
| Amounts payable within one year | 42/48 | €28,089 | €35,388 | +€7,298 | +26.0% |
| Financial debts | 43 | €21,691 | €22,185 | +€494 | +2.3% |
| Credit institutions | 430/8 | €21,691 | €22,185 | +€494 | +2.3% |
| Trade debts | 44 | €387 | €2,077 | +€1,690 | +437% |
| Suppliers | 440/4 | €387 | €2,077 | +€1,690 | +437% |
| Taxes, remuneration and social security | 45 | €2,761 | €7,876 | +€5,114 | +185% |
| Taxes | 450/3 | €2,761 | €7,876 | +€5,114 | +185% |
| Other amounts payable | 47/48 | €3,250 | €3,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,013 | €26,183 | +€5,171 | +24.6% |
| Other operating charges | 640/8 | €2,922 | €3,628 | +€707 | +24.2% |
| Gross operating margin | 9900 | €32,744 | €71,471 | +€38,727 | +118% |
| Operating profit (loss) | 9901 | €8,809 | €41,659 | +€32,850 | +373% |
| Financial income | 75/76B | - | €58 | +€58 | |
| Recurring financial income | 75 | - | €58 | +€58 | |
| Financial charges | 65/66B | €5,054 | €4,133 | -€920 | -18.2% |
| Recurring financial charges | 65 | €5,054 | €4,133 | -€920 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €3,756 | €37,584 | +€33,828 | +901% |
| Income taxes | 67/77 | €1,019 | €12,876 | +€11,857 | +1,163% |
| Profit (loss) for the period | 9904 | €2,736 | €24,708 | +€21,971 | +803% |
| Profit (loss) for the period to be appropriated | 9905 | €2,736 | €24,708 | +€21,971 | +803% |
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 25 October 2026 via checked.be.