R&R Laforêt: 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.
R&R Laforêt
Largest movements
- Tangible fixed assets +€190,922
up €190,922 (+20.0%), from €955,212 to €1.1m
of which Land and buildings: +€277,893
- Stocks and contracts -€50,442
down €50,442 (-9.6%), from €527,975 to €477,533
of which Contracts in progress: -€112,419
- Receivables within one year -€44,415
down €44,415 (-17.6%), from €253,043 to €208,627
of which Other amounts receivable: -€74,383
- Debts after one year +€224,418
up €224,418 (+46.1%), from €487,041 to €711,458
- Trade debts -€96,589
down €96,589 (-39.8%), from €242,597 to €146,008
- Current portion of long-term debt -€29,340
down €29,340 (-15.5%), from €189,130 to €159,790
- Reserves +€25,338
up €25,338 (+6.5%), from €387,411 to €412,749
of which Distributable reserves: +€25,338
- Staff costs +€81,444
up €81,444 (+29.2%), from €279,171 to €360,615
- Gross operating margin +€64,477
up €64,477 (+10.4%), from €619,948 to €684,425
- Depreciation -€8,665
down €8,665 (-3.3%), from €260,451 to €251,786
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 | €1,750,924 | €1,845,295 | +€94,371 | +5.4% |
| Fixed assets | 21/28 | €957,478 | €1,148,400 | +€190,922 | +19.9% |
| Tangible fixed assets | 22/27 | €955,212 | €1,146,134 | +€190,922 | +20.0% |
| Land and buildings | 22 | €350,784 | €628,678 | +€277,893 | +79.2% |
| Plant, machinery and equipment | 23 | €564,838 | €468,426 | -€96,412 | -17.1% |
| Furniture and vehicles | 24 | €11,990 | €30,630 | +€18,641 | +155% |
| Leasing and similar rights | 25 | €27,600 | €18,400 | -€9,200 | -33.3% |
| Financial fixed assets | 28 | €2,266 | €2,266 | = | 0.0% |
| Current assets | 29/58 | €793,446 | €696,895 | -€96,550 | -12.2% |
| Stocks and contracts in progress | 3 | €527,975 | €477,533 | -€50,442 | -9.6% |
| Stocks | 30/36 | €359,106 | €421,083 | +€61,977 | +17.3% |
| Contracts in progress | 37 | €168,869 | €56,450 | -€112,419 | -66.6% |
| Amounts receivable within one year | 40/41 | €253,043 | €208,627 | -€44,415 | -17.6% |
| Trade receivables | 40 | €147,872 | €177,839 | +€29,967 | +20.3% |
| Other amounts receivable | 41 | €105,171 | €30,789 | -€74,383 | -70.7% |
| Cash at bank and in hand | 54/58 | €9,363 | €9,017 | -€346 | -3.7% |
| Deferred charges and accrued income | 490/1 | €3,065 | €1,718 | -€1,347 | -43.9% |
| Total equity and liabilities | 10/49 | €1,750,924 | €1,845,295 | +€94,371 | +5.4% |
| Equity | 10/15 | €463,879 | €487,242 | +€23,363 | +5.0% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Capital | 10 | - | €66,000 | +€66,000 | |
| Issued capital | 100 | - | €66,000 | +€66,000 | |
| Reserves | 13 | €387,411 | €412,749 | +€25,338 | +6.5% |
| Non-distributable reserves | 130/1 | €6,600 | €6,600 | = | 0.0% |
| Legal reserve | 130 | - | €6,600 | +€6,600 | |
| Reserves not available under the articles | 1311 | €6,600 | €0 | -€6,600 | -100% |
| Distributable reserves | 133 | €380,811 | €406,149 | +€25,338 | +6.7% |
| Investment grants | 15 | €10,468 | €8,493 | -€1,976 | -18.9% |
| Amounts payable | 17/49 | €1,287,045 | €1,358,053 | +€71,009 | +5.5% |
| Amounts payable after more than one year | 17 | €487,041 | €711,458 | +€224,418 | +46.1% |
| Financial debts | 170/4 | €487,041 | €711,458 | +€224,418 | +46.1% |
| Amounts payable within one year | 42/48 | €800,004 | €646,595 | -€153,409 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €189,130 | €159,790 | -€29,340 | -15.5% |
| Financial debts | 43 | €88,100 | €70,788 | -€17,312 | -19.7% |
| Credit institutions | 430/8 | €88,100 | €70,788 | -€17,312 | -19.7% |
| Trade debts | 44 | €242,597 | €146,008 | -€96,589 | -39.8% |
| Suppliers | 440/4 | €242,597 | €146,008 | -€96,589 | -39.8% |
| Taxes, remuneration and social security | 45 | €60,992 | €44,750 | -€16,242 | -26.6% |
| Taxes | 450/3 | €15,772 | €4,762 | -€11,010 | -69.8% |
| Remuneration and social security | 454/9 | €45,220 | €39,988 | -€5,232 | -11.6% |
| Other amounts payable | 47/48 | €219,186 | €225,260 | +€6,074 | +2.8% |
| Remuneration, social security and pensions | 62 | €279,171 | €360,615 | +€81,444 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260,451 | €251,786 | -€8,665 | -3.3% |
| Other operating charges | 640/8 | €5,279 | €7,329 | +€2,050 | +38.8% |
| Gross operating margin | 9900 | €619,948 | €684,425 | +€64,477 | +10.4% |
| Operating profit (loss) | 9901 | €75,047 | €64,695 | -€10,353 | -13.8% |
| Financial income | 75/76B | €8,250 | €1,979 | -€6,271 | -76.0% |
| Recurring financial income | 75 | €8,250 | €1,979 | -€6,271 | -76.0% |
| Financial charges | 65/66B | €32,135 | €38,534 | +€6,399 | +19.9% |
| Recurring financial charges | 65 | €32,135 | €38,534 | +€6,399 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €51,162 | €28,139 | -€23,023 | -45.0% |
| Income taxes | 67/77 | €5,798 | €2,801 | -€2,997 | -51.7% |
| Profit (loss) for the period | 9904 | €45,365 | €25,338 | -€20,026 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,365 | €25,338 | -€20,026 | -44.1% |
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 29 October 2026 via checked.be.