LaitRusse: 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.
LaitRusse
Largest movements
- Cash +€25,507
up €25,507 (+8.8%), from €291,281 to €316,788
mainly Other debts (+€45,413) and Net result for the year (+€32,235)
- Tangible fixed assets +€22,570
up €22,570 (+174%), from €12,997 to €35,567
of which Leasing and similar rights: +€29,577
- Other debts +€45,413
up €45,413 (+43.1%), from €105,390 to €150,802
- Reserves -€39,432
down €39,432 (-15.0%), from €262,924 to €223,492
- Debts after one year +€16,903
new in 2026: €16,903
- Current portion of long-term debt +€12,235
new in 2026: €12,235
- Tax, wage and social debts +€11,235
up €11,235 (+76.4%), from €14,710 to €25,946
- Gross operating margin +€36,481
up €36,481 (+111%), from €32,925 to €69,406
- Depreciation +€13,694
up €13,694 (+208%), from €6,575 to €20,269
- Taxes +€5,937
up €5,937 (+77.8%), from €7,634 to €13,571
- Other operating charges +€1,479
up €1,479 (+62.4%), from €2,371 to €3,850
- Financial charges +€1,109
up €1,109 (+142%), from €779 to €1,889
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €397,685 | €443,064 | +€45,380 | +11.4% |
| Fixed assets | 21/28 | €18,197 | €40,767 | +€22,570 | +124% |
| Tangible fixed assets | 22/27 | €12,997 | €35,567 | +€22,570 | +174% |
| Furniture and vehicles | 24 | €12,997 | €5,990 | -€7,007 | -53.9% |
| Leasing and similar rights | 25 | - | €29,577 | +€29,577 | |
| Financial fixed assets | 28 | €5,200 | €5,200 | = | 0.0% |
| Current assets | 29/58 | €379,488 | €402,298 | +€22,810 | +6.0% |
| Amounts receivable within one year | 40/41 | €57,230 | €54,609 | -€2,621 | -4.6% |
| Trade receivables | 40 | €29,205 | €54,609 | +€25,405 | +87.0% |
| Other amounts receivable | 41 | €28,025 | €0 | -€28,025 | -100% |
| Current investments | 50/53 | €30,302 | €30,302 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €291,281 | €316,788 | +€25,507 | +8.8% |
| Deferred charges and accrued income | 490/1 | €675 | €599 | -€76 | -11.3% |
| Total equity and liabilities | 10/49 | €397,685 | €443,064 | +€45,380 | +11.4% |
| Equity | 10/15 | €275,324 | €235,892 | -€39,432 | -14.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €262,924 | €223,492 | -€39,432 | -15.0% |
| Distributable reserves | 133 | €262,924 | €223,492 | -€39,432 | -15.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €122,360 | €207,172 | +€84,812 | +69.3% |
| Amounts payable after more than one year | 17 | - | €16,903 | +€16,903 | |
| Financial debts | 170/4 | - | €16,903 | +€16,903 | |
| Amounts payable within one year | 42/48 | €122,360 | €190,269 | +€67,909 | +55.5% |
| Current portion of amounts payable after more than one year | 42 | - | €12,235 | +€12,235 | |
| Trade debts | 44 | €2,260 | €1,287 | -€974 | -43.1% |
| Suppliers | 440/4 | €2,260 | €1,287 | -€974 | -43.1% |
| Taxes, remuneration and social security | 45 | €14,710 | €25,946 | +€11,235 | +76.4% |
| Taxes | 450/3 | €14,710 | €25,946 | +€11,235 | +76.4% |
| Other amounts payable | 47/48 | €105,390 | €150,802 | +€45,413 | +43.1% |
| Non-recurring operating income | 76A | - | €457 | +€457 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,575 | €20,269 | +€13,694 | +208% |
| Other operating charges | 640/8 | €2,371 | €3,850 | +€1,479 | +62.4% |
| Gross operating margin | 9900 | €32,925 | €69,406 | +€36,481 | +111% |
| Operating profit (loss) | 9901 | €23,979 | €45,286 | +€21,308 | +88.9% |
| Financial income | 75/76B | €2,290 | €2,409 | +€119 | +5.2% |
| Recurring financial income | 75 | €2,290 | €2,409 | +€119 | +5.2% |
| Financial charges | 65/66B | €779 | €1,889 | +€1,109 | +142% |
| Recurring financial charges | 65 | €779 | €1,889 | +€1,109 | +142% |
| Profit (loss) for the period before taxes | 9903 | €25,490 | €45,807 | +€20,317 | +79.7% |
| Income taxes | 67/77 | €7,634 | €13,571 | +€5,937 | +77.8% |
| Profit (loss) for the period | 9904 | €17,856 | €32,235 | +€14,380 | +80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,856 | €32,235 | +€14,380 | +80.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.