Etablissements LARUELLE: 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.
Etablissements LARUELLE
Largest movements
- Receivables within one year -€26,781
down €26,781 (-26.3%), from €101,678 to €74,897
of which Trade receivables: -€23,572
- Tangible fixed assets -€8,697
down €8,697 (-33.5%), from €25,940 to €17,243
of which Furniture and vehicles: -€8,727
- Stocks and contracts +€7,121
up €7,121 (+4.2%), from €168,347 to €175,468
- Current portion of long-term debt -€13,241
down €13,241 (-73.3%), from €18,071 to €4,830
- Trade debts -€7,295
down €7,295 (-5.9%), from €124,155 to €116,860
- Tax, wage and social debts +€6,470
up €6,470 (+32.8%), from €19,702 to €26,172
of which Remuneration and social security: +€4,710
- Debts after one year -€4,830
down €4,830 (-41.6%), from €11,611 to €6,781
- Short-term financial debts -€4,610
no longer reported in 2025 (was €4,610)
- Gross operating margin -€33,328
down €33,328 (-27.9%), from €119,592 to €86,264
- Staff costs +€14,614
up €14,614 (+23.3%), from €62,772 to €77,386
- Depreciation -€10,329
down €10,329 (-51.7%), from €19,982 to €9,653
- Taxes -€9,593
down €9,593 (-90.4%), from €10,612 to €1,019
- Other operating charges +€6,223
up €6,223 (+186%), from €3,340 to €9,563
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 | €395,760 | €365,469 | -€30,291 | -7.7% |
| Fixed assets | 21/28 | €25,940 | €17,243 | -€8,697 | -33.5% |
| Tangible fixed assets | 22/27 | €25,940 | €17,243 | -€8,697 | -33.5% |
| Furniture and vehicles | 24 | €21,514 | €12,787 | -€8,727 | -40.6% |
| Other tangible fixed assets | 26 | €4,426 | €4,456 | +€30 | +0.7% |
| Current assets | 29/58 | €369,820 | €348,226 | -€21,594 | -5.8% |
| Stocks and contracts in progress | 3 | €168,347 | €175,468 | +€7,121 | +4.2% |
| Stocks | 30/36 | €168,347 | €175,468 | +€7,121 | +4.2% |
| Amounts receivable within one year | 40/41 | €101,678 | €74,897 | -€26,781 | -26.3% |
| Trade receivables | 40 | €98,059 | €74,487 | -€23,572 | -24.0% |
| Other amounts receivable | 41 | €3,619 | €410 | -€3,209 | -88.7% |
| Cash at bank and in hand | 54/58 | €99,536 | €97,085 | -€2,451 | -2.5% |
| Deferred charges and accrued income | 490/1 | €259 | €776 | +€517 | +200% |
| Total equity and liabilities | 10/49 | €395,760 | €365,469 | -€30,291 | -7.7% |
| Equity | 10/15 | €140,520 | €138,172 | -€2,348 | -1.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,115 | €117,767 | -€2,348 | -2.0% |
| Amounts payable | 17/49 | €255,240 | €227,297 | -€27,943 | -10.9% |
| Amounts payable after more than one year | 17 | €11,611 | €6,781 | -€4,830 | -41.6% |
| Financial debts | 170/4 | €11,611 | €6,781 | -€4,830 | -41.6% |
| Amounts payable within one year | 42/48 | €243,629 | €220,516 | -€23,113 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €18,071 | €4,830 | -€13,241 | -73.3% |
| Financial debts | 43 | €4,610 | - | -€4,610 | |
| Credit institutions | 430/8 | €4,610 | - | -€4,610 | |
| Trade debts | 44 | €124,155 | €116,860 | -€7,295 | -5.9% |
| Suppliers | 440/4 | €124,155 | €116,860 | -€7,295 | -5.9% |
| Taxes, remuneration and social security | 45 | €19,702 | €26,172 | +€6,470 | +32.8% |
| Taxes | 450/3 | €10,626 | €12,386 | +€1,760 | +16.6% |
| Remuneration and social security | 454/9 | €9,076 | €13,786 | +€4,710 | +51.9% |
| Other amounts payable | 47/48 | €77,091 | €72,654 | -€4,437 | -5.8% |
| Remuneration, social security and pensions | 62 | €62,772 | €77,386 | +€14,614 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,982 | €9,653 | -€10,329 | -51.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€663 | -€3,367 | -€2,704 | -408% |
| Other operating charges | 640/8 | €3,340 | €9,563 | +€6,223 | +186% |
| Gross operating margin | 9900 | €119,592 | €86,264 | -€33,328 | -27.9% |
| Operating profit (loss) | 9901 | €34,161 | -€6,971 | -€41,132 | |
| Financial income | 75/76B | €1,524 | €7,736 | +€6,212 | +408% |
| Recurring financial income | 75 | €1,524 | €7,736 | +€6,212 | +408% |
| Financial charges | 65/66B | €2,451 | €2,094 | -€357 | -14.6% |
| Recurring financial charges | 65 | €2,451 | €2,094 | -€357 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €33,234 | -€1,329 | -€34,563 | |
| Income taxes | 67/77 | €10,612 | €1,019 | -€9,593 | -90.4% |
| Profit (loss) for the period | 9904 | €22,622 | -€2,348 | -€24,970 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,622 | -€2,348 | -€24,970 |
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 30 October 2026 via checked.be.