TACK 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.
TACK LAURENT
Largest movements
- Cash +€32,446
up €32,446 (+724%), from €4,479 to €36,924
mainly Deferred charges and accrued income (+€29,426) and Investment in fixed assets (net) (+€13,146)
- Deferred charges and accrued income -€29,426
down €29,426 (-92.0%), from €31,981 to €2,555
- Tangible fixed assets -€18,122
down €18,122 (-72.5%), from €25,007 to €6,885
of which Plant, machinery and equipment: -€13,146
- Profit (loss) carried forward -€15,032
down €15,032, from €3,730 to -€11,302
- Trade debts -€1,249
down €1,249 (-54.1%), from €2,311 to €1,062
- Other debts +€1,200
up €1,200 (+29.8%), from €4,031 to €5,231
- Other operating charges -€12,057
down €12,057 (-28.1%), from €42,902 to €30,846
- Depreciation -€3,612
down €3,612 (-42.1%), from €8,588 to €4,976
- Gross operating margin +€2,304
up €2,304 (+12.2%), from €18,825 to €21,128
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 | €117,619 | €102,551 | -€15,067 | -12.8% |
| Fixed assets | 21/28 | €36,980 | €18,858 | -€18,122 | -49.0% |
| Tangible fixed assets | 22/27 | €25,007 | €6,885 | -€18,122 | -72.5% |
| Plant, machinery and equipment | 23 | €13,146 | - | -€13,146 | |
| Furniture and vehicles | 24 | €6,613 | €3,316 | -€3,297 | -49.9% |
| Other tangible fixed assets | 26 | €5,248 | €3,569 | -€1,679 | -32.0% |
| Financial fixed assets | 28 | €11,973 | €11,973 | = | 0.0% |
| Current assets | 29/58 | €80,638 | €83,693 | +€3,055 | +3.8% |
| Amounts receivable within one year | 40/41 | €44,179 | €44,214 | +€35 | +0.1% |
| Trade receivables | 40 | €43,582 | €43,539 | -€43 | -0.1% |
| Other amounts receivable | 41 | €597 | €675 | +€78 | +13.1% |
| Cash at bank and in hand | 54/58 | €4,479 | €36,924 | +€32,446 | +724% |
| Deferred charges and accrued income | 490/1 | €31,981 | €2,555 | -€29,426 | -92.0% |
| Total equity and liabilities | 10/49 | €117,619 | €102,551 | -€15,067 | -12.8% |
| Equity | 10/15 | €109,823 | €94,791 | -€15,032 | -13.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €44,593 | €44,593 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €38,443 | €38,443 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,730 | -€11,302 | -€15,032 | |
| Amounts payable | 17/49 | €7,796 | €7,760 | -€35 | -0.5% |
| Amounts payable within one year | 42/48 | €7,796 | €7,760 | -€35 | -0.5% |
| Trade debts | 44 | €2,311 | €1,062 | -€1,249 | -54.1% |
| Suppliers | 440/4 | €2,311 | €1,062 | -€1,249 | -54.1% |
| Taxes, remuneration and social security | 45 | €1,454 | €1,468 | +€14 | +1.0% |
| Remuneration and social security | 454/9 | €1,454 | €1,468 | +€14 | +1.0% |
| Other amounts payable | 47/48 | €4,031 | €5,231 | +€1,200 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,588 | €4,976 | -€3,612 | -42.1% |
| Other operating charges | 640/8 | €42,902 | €30,846 | -€12,057 | -28.1% |
| Gross operating margin | 9900 | €18,825 | €21,128 | +€2,304 | +12.2% |
| Operating profit (loss) | 9901 | -€32,666 | -€14,694 | +€17,972 | +55.0% |
| Financial charges | 65/66B | €248 | €338 | +€90 | +36.2% |
| Recurring financial charges | 65 | €248 | €338 | +€90 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | -€32,914 | -€15,032 | +€17,882 | +54.3% |
| Income taxes | 67/77 | -€0 | - | +€0 | |
| Profit (loss) for the period | 9904 | -€32,914 | -€15,032 | +€17,882 | +54.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,914 | -€15,032 | +€17,882 | +54.3% |
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 17 October 2026 via checked.be.