LAAR: 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.
LAAR
Largest movements
- Receivables within one year -€96,674
down €96,674 (-23.0%), from €421,229 to €324,555
- Stocks and contracts -€59,960
down €59,960 (-13.3%), from €451,618 to €391,658
- Cash +€57,375
up €57,375 (+127.9%), from €44,865 to €102,240
mainly Other debts (+€211,545) and Receivables within one year (+€96,674)
- Reserves -€293,478
down €293,478 (-39.6%), from €741,250 to €447,772
of which Distributable reserves: -€293,478
- Other debts +€211,545
up €211,545 (+115.8%), from €182,727 to €394,272
- Profit (loss) carried forward -€18,738
down €18,738 (-66.0%), from -€28,384 to -€47,122
- Gross operating margin +€9,771
up €9,771 (+41.6%), from -€23,482 to -€13,711
- Financial charges +€696
up €696 (+21.4%), from €3,256 to €3,952
- Financial income +€545
up €545 (+177.8%), from €306 to €851
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 | €917,711 | €818,453 | -€99,259 | -10.8% |
| Current assets | 29/58 | €917,711 | €818,453 | -€99,259 | -10.8% |
| Stocks and contracts in progress | 3 | €451,618 | €391,658 | -€59,960 | -13.3% |
| Contracts in progress | 37 | €451,618 | €391,658 | -€59,960 | -13.3% |
| Amounts receivable within one year | 40/41 | €421,229 | €324,555 | -€96,674 | -23.0% |
| Other amounts receivable | 41 | €421,229 | €324,555 | -€96,674 | -23.0% |
| Cash at bank and in hand | 54/58 | €44,865 | €102,240 | +€57,375 | +127.9% |
| Total equity and liabilities | 10/49 | €917,711 | €818,453 | -€99,259 | -10.8% |
| Equity | 10/15 | €731,466 | €419,251 | -€312,215 | -42.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €741,250 | €447,772 | -€293,478 | -39.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €739,390 | €445,912 | -€293,478 | -39.7% |
| Profit (loss) carried forward | 14 | -€28,384 | -€47,122 | -€18,738 | -66.0% |
| Amounts payable | 17/49 | €186,245 | €399,202 | +€212,957 | +114.3% |
| Amounts payable within one year | 42/48 | €186,245 | €399,202 | +€212,957 | +114.3% |
| Trade debts | 44 | €3,163 | €3,177 | +€13 | +0.4% |
| Suppliers | 440/4 | €3,163 | €3,177 | +€13 | +0.4% |
| Taxes, remuneration and social security | 45 | €356 | €1,754 | +€1,398 | +393.2% |
| Taxes | 450/3 | €356 | €1,754 | +€1,398 | +393.2% |
| Other amounts payable | 47/48 | €182,727 | €394,272 | +€211,545 | +115.8% |
| Non-recurring operating income | 76A | €12,451 | - | -€12,451 | |
| Other operating charges | 640/8 | €1,597 | €1,569 | -€28 | -1.8% |
| Gross operating margin | 9900 | -€23,482 | -€13,711 | +€9,771 | +41.6% |
| Operating profit (loss) | 9901 | -€25,079 | -€15,280 | +€9,799 | +39.1% |
| Financial income | 75/76B | €306 | €851 | +€545 | +177.8% |
| Recurring financial income | 75 | €306 | €851 | +€545 | +177.8% |
| Financial charges | 65/66B | €3,256 | €3,952 | +€696 | +21.4% |
| Recurring financial charges | 65 | €3,256 | €3,952 | +€696 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | -€28,028 | -€18,381 | +€9,647 | +34.4% |
| Income taxes | 67/77 | €356 | €357 | +€1 | +0.4% |
| Profit (loss) for the period | 9904 | -€28,384 | -€18,738 | +€9,646 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,384 | -€18,738 | +€9,646 | +34.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.