Laeva: what changed
Laeva
Largest movements
- Current investments +€204,162
new in 2025: €204,162
- Cash -€160,257
down €160,257 (-35.0%), from €457,942 to €297,684
mainly Contributions, distributions and other (-€365,000) and Current investments (-€204,162)
- Receivables within one year -€65,047
down €65,047 (-89.4%), from €72,720 to €7,673
of which Other amounts receivable: -€63,288
- Tangible fixed assets +€10,732
up €10,732 (+28.5%), from €37,650 to €48,382
of which Furniture and vehicles: +€10,984
- Reserves -€356,103
down €356,103 (-97.2%), from €366,207 to €10,103
- Other debts +€298,167
up €298,167 (+218%), from €136,718 to €434,885
- Tax, wage and social debts +€56,899
up €56,899 (+266%), from €21,397 to €78,296
- Trade debts -€6,006
down €6,006 (-66.4%), from €9,048 to €3,042
- Gross operating margin -€157,261
down €157,261 (-78.1%), from €201,235 to €43,974
- Taxes -€33,496
down €33,496 (-82.3%), from €40,698 to €7,202
- Financial charges -€8,144
down €8,144 (-42.3%), from €19,265 to €11,121
- Depreciation -€5,101
down €5,101 (-23.4%), from €21,758 to €16,657
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €573,481 | €558,651 | -€14,830 | -2.6% |
| Fixed assets | 21/28 | €38,400 | €49,132 | +€10,732 | +27.9% |
| Tangible fixed assets | 22/27 | €37,650 | €48,382 | +€10,732 | +28.5% |
| Plant, machinery and equipment | 23 | €1,051 | €799 | -€252 | -24.0% |
| Furniture and vehicles | 24 | €36,598 | €47,582 | +€10,984 | +30.0% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €535,082 | €509,519 | -€25,563 | -4.8% |
| Stocks and contracts in progress | 3 | €4,420 | €0 | -€4,420 | -100% |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €4,420 | €0 | -€4,420 | -100% |
| Amounts receivable within one year | 40/41 | €72,720 | €7,673 | -€65,047 | -89.4% |
| Trade receivables | 40 | €4,925 | €3,166 | -€1,759 | -35.7% |
| Other amounts receivable | 41 | €67,795 | €4,507 | -€63,288 | -93.4% |
| Current investments | 50/53 | - | €204,162 | +€204,162 | |
| Cash at bank and in hand | 54/58 | €457,942 | €297,684 | -€160,257 | -35.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €573,481 | €558,651 | -€14,830 | -2.6% |
| Equity | 10/15 | €369,207 | €13,103 | -€356,103 | -96.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €366,207 | €10,103 | -€356,103 | -97.2% |
| Distributable reserves | 133 | €366,207 | €10,103 | -€356,103 | -97.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €204,274 | €545,547 | +€341,273 | +167% |
| Amounts payable after more than one year | 17 | €15,618 | €10,626 | -€4,991 | -32.0% |
| Financial debts | 170/4 | €15,618 | €10,626 | -€4,991 | -32.0% |
| Amounts payable within one year | 42/48 | €188,657 | €534,770 | +€346,114 | +183% |
| Current portion of amounts payable after more than one year | 42 | €21,494 | €18,547 | -€2,946 | -13.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €9,048 | €3,042 | -€6,006 | -66.4% |
| Suppliers | 440/4 | €9,048 | €3,042 | -€6,006 | -66.4% |
| Taxes, remuneration and social security | 45 | €21,397 | €78,296 | +€56,899 | +266% |
| Taxes | 450/3 | €21,397 | €78,296 | +€56,899 | +266% |
| Other amounts payable | 47/48 | €136,718 | €434,885 | +€298,167 | +218% |
| Accrued charges and deferred income | 492/3 | - | €151 | +€151 | |
| Non-recurring operating income | 76A | - | €1,810 | +€1,810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,758 | €16,657 | -€5,101 | -23.4% |
| Other operating charges | 640/8 | €1,718 | €967 | -€752 | -43.7% |
| Gross operating margin | 9900 | €201,235 | €43,974 | -€157,261 | -78.1% |
| Operating profit (loss) | 9901 | €177,759 | €26,350 | -€151,409 | -85.2% |
| Financial income | 75/76B | €193 | €870 | +€677 | +351% |
| Recurring financial income | 75 | €193 | €870 | +€677 | +351% |
| Financial charges | 65/66B | €19,265 | €11,121 | -€8,144 | -42.3% |
| Recurring financial charges | 65 | €19,265 | €11,121 | -€8,144 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | €158,686 | €16,099 | -€142,588 | -89.9% |
| Income taxes | 67/77 | €40,698 | €7,202 | -€33,496 | -82.3% |
| Profit (loss) for the period | 9904 | €117,988 | €8,897 | -€109,092 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €117,988 | €8,897 | -€109,092 | -92.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.