SELECT ADVICE LAUTENBERG: 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.
SELECT ADVICE LAUTENBERG
Largest movements
- Tangible fixed assets -€48,869
down €48,869 (-16.2%), from €301,640 to €252,771
of which Land and buildings: -€47,624
- Receivables within one year +€16,941
up €16,941 (+37.2%), from €45,549 to €62,490
of which Other amounts receivable: +€16,713
- Cash -€4,867
down €4,867 (-12.8%), from €37,972 to €33,105
mainly Net result for the year (-€41,253) and Receivables within one year (-€16,941)
- Profit (loss) carried forward -€41,253
down €41,253 (-20.1%), from €205,537 to €164,284
- Gross operating margin +€6,685
up €6,685 (+3,290%), from €203 to €6,888
- Other operating charges -€4,351
down €4,351 (-46.8%), from €9,302 to €4,951
- Financial income +€3,383
up €3,383 (+124%), from €2,728 to €6,111
- Financial charges -€2,121
down €2,121 (-89.4%), from €2,373 to €253
- Depreciation +€336
up €336 (+0.7%), from €48,533 to €48,869
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 | €404,896 | €368,485 | -€36,412 | -9.0% |
| Fixed assets | 21/28 | €301,640 | €252,771 | -€48,869 | -16.2% |
| Tangible fixed assets | 22/27 | €301,640 | €252,771 | -€48,869 | -16.2% |
| Land and buildings | 22 | €299,481 | €251,857 | -€47,624 | -15.9% |
| Plant, machinery and equipment | 23 | €1,249 | €411 | -€838 | -67.1% |
| Furniture and vehicles | 24 | €911 | €503 | -€407 | -44.7% |
| Current assets | 29/58 | €103,256 | €115,714 | +€12,458 | +12.1% |
| Amounts receivable within one year | 40/41 | €45,549 | €62,490 | +€16,941 | +37.2% |
| Trade receivables | 40 | €31,714 | €31,941 | +€228 | +0.7% |
| Other amounts receivable | 41 | €13,835 | €30,548 | +€16,713 | +121% |
| Cash at bank and in hand | 54/58 | €37,972 | €33,105 | -€4,867 | -12.8% |
| Deferred charges and accrued income | 490/1 | €19,736 | €20,119 | +€384 | +1.9% |
| Total equity and liabilities | 10/49 | €404,896 | €368,485 | -€36,412 | -9.0% |
| Equity | 10/15 | €399,832 | €358,579 | -€41,253 | -10.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €181,895 | €181,895 | = | 0.0% |
| Distributable reserves | 133 | €181,895 | €181,895 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,537 | €164,284 | -€41,253 | -20.1% |
| Amounts payable | 17/49 | €5,064 | €9,906 | +€4,842 | +95.6% |
| Amounts payable within one year | 42/48 | €3,314 | €4,306 | +€992 | +29.9% |
| Trade debts | 44 | €3,004 | €3,948 | +€944 | +31.4% |
| Suppliers | 440/4 | €3,004 | €3,948 | +€944 | +31.4% |
| Taxes, remuneration and social security | 45 | €310 | €358 | +€48 | +15.6% |
| Taxes | 450/3 | €310 | €358 | +€48 | +15.6% |
| Accrued charges and deferred income | 492/3 | €1,750 | €5,600 | +€3,850 | +220% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,533 | €48,869 | +€336 | +0.7% |
| Other operating charges | 640/8 | €9,302 | €4,951 | -€4,351 | -46.8% |
| Gross operating margin | 9900 | €203 | €6,888 | +€6,685 | +3,290% |
| Operating profit (loss) | 9901 | -€57,632 | -€46,932 | +€10,700 | +18.6% |
| Financial income | 75/76B | €2,728 | €6,111 | +€3,383 | +124% |
| Recurring financial income | 75 | €2,728 | €6,111 | +€3,383 | +124% |
| Financial charges | 65/66B | €2,373 | €253 | -€2,121 | -89.4% |
| Recurring financial charges | 65 | €2,373 | €253 | -€2,121 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | -€57,278 | -€41,073 | +€16,204 | +28.3% |
| Income taxes | 67/77 | €49 | €180 | +€131 | +267% |
| Profit (loss) for the period | 9904 | -€57,327 | -€41,253 | +€16,073 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,327 | -€41,253 | +€16,073 | +28.0% |
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 15 October 2026 via checked.be.