'T LAER: what changed
Two fiscal 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.
'T LAER
Largest movements
- Cash -€950
down €950 (-43.5%), from €2,186 to €1,236
mainly Trade debts (-€4,515) and Net result for the year (-€1,465)
- Receivables within one year -€810
down €810 (-1.7%), from €46,781 to €45,971
of which Trade receivables: -€3,235
- Trade debts -€4,515
down €4,515 (-91.9%), from €4,914 to €399
- Other debts +€4,220
new in 2025: €4,220
- Reserves -€1,465
down €1,465 (-4.0%), from €36,897 to €35,432
of which Distributable reserves: -€1,465
- Gross operating margin -€2,050
down €2,050 (-68.4%), from €2,998 to €948
- Taxes -€228
down €228 (-100.0%), from €228 to €0
- Financial income -€136
down €136 (-5.3%), from €2,561 to €2,425
- Other operating charges +€114
up €114 (+2.4%), from €4,680 to €4,794
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.
Cash bridge derived
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 | €60,631 | €58,871 | -€1,760 | -2.9% |
| Fixed assets | 21/28 | €11,665 | €11,665 | = | 0.0% |
| Tangible fixed assets | 22/27 | €11,665 | €11,665 | = | 0.0% |
| Land and buildings | 22 | €11,665 | €11,665 | = | 0.0% |
| Current assets | 29/58 | €48,967 | €47,206 | -€1,760 | -3.6% |
| Amounts receivable within one year | 40/41 | €46,781 | €45,971 | -€810 | -1.7% |
| Trade receivables | 40 | €3,235 | €0 | -€3,235 | -100.0% |
| Other amounts receivable | 41 | €43,545 | €45,971 | +€2,425 | +5.6% |
| Cash at bank and in hand | 54/58 | €2,186 | €1,236 | -€950 | -43.5% |
| Total equity and liabilities | 10/49 | €60,631 | €58,871 | -€1,760 | -2.9% |
| Equity | 10/15 | €55,489 | €54,024 | -€1,465 | -2.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €36,897 | €35,432 | -€1,465 | -4.0% |
| Non-distributable reserves | 130/1 | €1,610 | €1,610 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,610 | €1,610 | = | 0.0% |
| Distributable reserves | 133 | €35,287 | €33,822 | -€1,465 | -4.2% |
| Amounts payable | 17/49 | €5,142 | €4,847 | -€295 | -5.7% |
| Amounts payable within one year | 42/48 | €5,142 | €4,847 | -€295 | -5.7% |
| Trade debts | 44 | €4,914 | €399 | -€4,515 | -91.9% |
| Suppliers | 440/4 | €4,914 | €399 | -€4,515 | -91.9% |
| Taxes, remuneration and social security | 45 | €228 | €228 | = | 0.0% |
| Taxes | 450/3 | €228 | €228 | = | 0.0% |
| Other amounts payable | 47/48 | - | €4,220 | +€4,220 | |
| Other operating charges | 640/8 | €4,680 | €4,794 | +€114 | +2.4% |
| Gross operating margin | 9900 | €2,998 | €948 | -€2,050 | -68.4% |
| Operating profit (loss) | 9901 | -€1,682 | -€3,846 | -€2,164 | -128.6% |
| Financial income | 75/76B | €2,561 | €2,425 | -€136 | -5.3% |
| Recurring financial income | 75 | €2,561 | €2,425 | -€136 | -5.3% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €836 | -€1,465 | -€2,301 | |
| Income taxes | 67/77 | €228 | €0 | -€228 | -100.0% |
| Profit (loss) for the period | 9904 | €608 | -€1,465 | -€2,073 | |
| Profit (loss) for the period to be appropriated | 9905 | €608 | -€1,465 | -€2,073 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.