TLaurent: 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.
TLaurent
Largest movements
- Intangible fixed assets +€821,589
new in 2025: €821,589
- Receivables within one year +€114,032
up €114,032 (+200%), from €57,015 to €171,046
of which Trade receivables: +€146,916
- Cash +€17,430
up €17,430 (+122%), from €14,235 to €31,665
mainly Contributions, distributions and other (+€788,027) and Trade debts (+€63,089)
- Contributions +€788,027
up €788,027 (+1,272%), from €61,973 to €850,000
- Trade debts +€63,089
up €63,089 (+3,168%), from €1,992 to €65,081
- Reserves +€55,000
up €55,000 (+887%), from €6,200 to €61,200
of which Distributable reserves: +€61,200
- Tax, wage and social debts +€46,560
up €46,560 (+7,877%), from €591 to €47,151
of which Taxes: +€41,155
- Gross operating margin +€127,007
up €127,007 (+8,522%), from €1,490 to €128,497
- Taxes +€39,407
up €39,407 (+9,966%), from €395 to €39,802
- Depreciation +€28,411
new in 2025: €28,411
- Staff costs +€4,403
new in 2025: €4,403
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 | €71,250 | €1,024,300 | +€953,051 | +1,338% |
| Fixed assets | 21/28 | - | €821,589 | +€821,589 | |
| Intangible fixed assets | 21 | - | €821,589 | +€821,589 | |
| Current assets | 29/58 | €71,250 | €202,711 | +€131,462 | +185% |
| Amounts receivable within one year | 40/41 | €57,015 | €171,046 | +€114,032 | +200% |
| Trade receivables | 40 | €8,827 | €155,743 | +€146,916 | +1,664% |
| Other amounts receivable | 41 | €48,188 | €15,304 | -€32,884 | -68.2% |
| Cash at bank and in hand | 54/58 | €14,235 | €31,665 | +€17,430 | +122% |
| Total equity and liabilities | 10/49 | €71,250 | €1,024,300 | +€953,051 | +1,338% |
| Equity | 10/15 | €68,667 | €912,069 | +€843,402 | +1,228% |
| Contributions | 10/11 | €61,973 | €850,000 | +€788,027 | +1,272% |
| Capital | 10 | €61,973 | - | -€61,973 | |
| Issued capital | 100 | €61,973 | - | -€61,973 | |
| Reserves | 13 | €6,200 | €61,200 | +€55,000 | +887% |
| Non-distributable reserves | 130/1 | €6,200 | - | -€6,200 | |
| Legal reserve | 130 | €6,200 | - | -€6,200 | |
| Distributable reserves | 133 | - | €61,200 | +€61,200 | |
| Profit (loss) carried forward | 14 | €494 | €869 | +€375 | +76.1% |
| Amounts payable | 17/49 | €2,583 | €112,231 | +€109,649 | +4,245% |
| Amounts payable within one year | 42/48 | €2,583 | €112,231 | +€109,649 | +4,245% |
| Trade debts | 44 | €1,992 | €65,081 | +€63,089 | +3,168% |
| Suppliers | 440/4 | €1,992 | €65,081 | +€63,089 | +3,168% |
| Taxes, remuneration and social security | 45 | €591 | €47,151 | +€46,560 | +7,877% |
| Taxes | 450/3 | €591 | €41,746 | +€41,155 | +6,962% |
| Remuneration and social security | 454/9 | - | €5,405 | +€5,405 | |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | - | €4,403 | +€4,403 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €28,411 | +€28,411 | |
| Other operating charges | 640/8 | €448 | €387 | -€61 | -13.5% |
| Gross operating margin | 9900 | €1,490 | €128,497 | +€127,007 | +8,522% |
| Operating profit (loss) | 9901 | €1,042 | €95,295 | +€94,253 | +9,043% |
| Financial income | 75/76B | €0 | €10 | +€10 | +99,900% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +99,900% |
| Financial charges | 65/66B | €153 | €128 | -€26 | -16.7% |
| Recurring financial charges | 65 | €153 | €128 | -€26 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €889 | €95,178 | +€94,289 | +10,606% |
| Income taxes | 67/77 | €395 | €39,802 | +€39,407 | +9,966% |
| Profit (loss) for the period | 9904 | €494 | €55,375 | +€54,882 | +11,120% |
| Profit (loss) for the period to be appropriated | 9905 | €494 | €55,375 | +€54,882 | +11,120% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.