New Laurent: 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.
New Laurent
Largest movements
- Cash +€49,383
up €49,383 (+157%), from €31,407 to €80,790
mainly Net result for the year (+€75,683) and Depreciation (+€28,181)
- Tangible fixed assets -€5,776
down €5,776 (-6.5%), from €89,458 to €83,681
of which Plant, machinery and equipment: -€9,246
- Formation expenses -€5,347
down €5,347 (-34.1%), from €15,664 to €10,317
- Profit (loss) carried forward +€75,683
up €75,683 (+25.8%), from -€293,656 to -€217,973
- Other debts -€24,508
down €24,508 (-15.3%), from €160,243 to €135,735
- Trade debts -€14,614
down €14,614 (-25.1%), from €58,185 to €43,571
- Tax, wage and social debts +€2,753
up €2,753 (+11.2%), from €24,666 to €27,419
of which Remuneration and social security: +€5,112
- Gross operating margin +€57,107
up €57,107 (+23.2%), from €246,185 to €303,292
- Staff costs +€33,475
up €33,475 (+22.5%), from €148,804 to €182,279
- Depreciation +€14,414
up €14,414 (+105%), from €13,767 to €28,181
- Other operating charges -€3,978
down €3,978 (-21.2%), from €18,746 to €14,767
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 | €149,438 | €188,752 | +€39,314 | +26.3% |
| Formation expenses | 20 | €15,664 | €10,317 | -€5,347 | -34.1% |
| Fixed assets | 21/28 | €96,108 | €90,714 | -€5,394 | -5.6% |
| Tangible fixed assets | 22/27 | €89,458 | €83,681 | -€5,776 | -6.5% |
| Land and buildings | 22 | €19,560 | €25,286 | +€5,725 | +29.3% |
| Plant, machinery and equipment | 23 | €47,728 | €38,481 | -€9,246 | -19.4% |
| Furniture and vehicles | 24 | €22,169 | €19,914 | -€2,255 | -10.2% |
| Financial fixed assets | 28 | €6,650 | €7,032 | +€382 | +5.7% |
| Current assets | 29/58 | €37,667 | €87,722 | +€50,055 | +133% |
| Stocks and contracts in progress | 3 | €1,765 | €3,422 | +€1,657 | +93.9% |
| Stocks | 30/36 | €1,765 | €3,422 | +€1,657 | +93.9% |
| Amounts receivable within one year | 40/41 | €1,082 | €429 | -€654 | -60.4% |
| Other amounts receivable | 41 | €1,082 | €429 | -€654 | -60.4% |
| Cash at bank and in hand | 54/58 | €31,407 | €80,790 | +€49,383 | +157% |
| Deferred charges and accrued income | 490/1 | €3,412 | €3,080 | -€332 | -9.7% |
| Total equity and liabilities | 10/49 | €149,438 | €188,752 | +€39,314 | +26.3% |
| Equity | 10/15 | -€93,656 | -€17,973 | +€75,683 | +80.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€293,656 | -€217,973 | +€75,683 | +25.8% |
| Amounts payable | 17/49 | €243,094 | €206,725 | -€36,369 | -15.0% |
| Amounts payable within one year | 42/48 | €243,094 | €206,725 | -€36,369 | -15.0% |
| Trade debts | 44 | €58,185 | €43,571 | -€14,614 | -25.1% |
| Suppliers | 440/4 | €58,185 | €43,571 | -€14,614 | -25.1% |
| Taxes, remuneration and social security | 45 | €24,666 | €27,419 | +€2,753 | +11.2% |
| Taxes | 450/3 | €12,921 | €10,562 | -€2,359 | -18.3% |
| Remuneration and social security | 454/9 | €11,745 | €16,857 | +€5,112 | +43.5% |
| Other amounts payable | 47/48 | €160,243 | €135,735 | -€24,508 | -15.3% |
| Remuneration, social security and pensions | 62 | €148,804 | €182,279 | +€33,475 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,767 | €28,181 | +€14,414 | +105% |
| Other operating charges | 640/8 | €18,746 | €14,767 | -€3,978 | -21.2% |
| Gross operating margin | 9900 | €246,185 | €303,292 | +€57,107 | +23.2% |
| Operating profit (loss) | 9901 | €64,868 | €78,065 | +€13,196 | +20.3% |
| Financial income | 75/76B | €109 | €128 | +€19 | +17.0% |
| Recurring financial income | 75 | €109 | €128 | +€19 | +17.0% |
| Financial charges | 65/66B | €4,798 | €2,351 | -€2,447 | -51.0% |
| Recurring financial charges | 65 | €4,798 | €2,351 | -€2,447 | -51.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €60,179 | €75,841 | +€15,662 | +26.0% |
| Income taxes | 67/77 | - | €158 | +€158 | |
| Profit (loss) for the period | 9904 | €60,179 | €75,683 | +€15,504 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,179 | €75,683 | +€15,504 | +25.8% |
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.