LAR: what changed
Two fiscal 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.
LAR
Largest movements
- Cash +€15,250
up €15,250 (+42.1%), from €36,224 to €51,473
mainly Net result for the year (+€11,382) and Depreciation (+€7,820)
- Tangible fixed assets -€7,820
down €7,820 (-2.6%), from €298,569 to €290,748
of which Land and buildings: -€7,460
- Profit (loss) carried forward +€11,382
up €11,382 (+413.5%), from €2,752 to €14,134
- Other debts -€4,348
down €4,348 (-1.5%), from €298,266 to €293,918
- Depreciation -€4,565
down €4,565 (-36.9%), from €12,386 to €7,820
- Gross operating margin +€983
up €983 (+4.6%), from €21,372 to €22,356
- Financial income +€731
new in 2025: €731
- Financial charges +€602
up €602 (+369.3%), from €163 to €765
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 | €334,792 | €342,441 | +€7,648 | +2.3% |
| Fixed assets | 21/28 | €298,569 | €290,748 | -€7,820 | -2.6% |
| Tangible fixed assets | 22/27 | €298,569 | €290,748 | -€7,820 | -2.6% |
| Land and buildings | 22 | €248,841 | €241,381 | -€7,460 | -3.0% |
| Plant, machinery and equipment | 23 | €1,512 | €1,152 | -€360 | -23.8% |
| Other tangible fixed assets | 26 | €48,215 | €48,215 | = | 0.0% |
| Current assets | 29/58 | €36,224 | €51,692 | +€15,469 | +42.7% |
| Amounts receivable within one year | 40/41 | - | €219 | +€219 | |
| Other amounts receivable | 41 | - | €219 | +€219 | |
| Cash at bank and in hand | 54/58 | €36,224 | €51,473 | +€15,250 | +42.1% |
| Total equity and liabilities | 10/49 | €334,792 | €342,441 | +€7,648 | +2.3% |
| Equity | 10/15 | €32,849 | €43,271 | +€10,422 | +31.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,496 | €10,536 | -€960 | -8.3% |
| Tax-exempt reserves | 132 | €7,141 | €6,181 | -€960 | -13.4% |
| Distributable reserves | 133 | €4,355 | €4,355 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,752 | €14,134 | +€11,382 | +413.5% |
| Provisions and deferred taxes | 16 | €3,677 | €3,183 | -€494 | -13.4% |
| Deferred taxes | 168 | €3,677 | €3,183 | -€494 | -13.4% |
| Amounts payable | 17/49 | €298,266 | €295,987 | -€2,279 | -0.8% |
| Amounts payable within one year | 42/48 | €298,266 | €295,987 | -€2,279 | -0.8% |
| Trade debts | 44 | - | €2,069 | +€2,069 | |
| Suppliers | 440/4 | - | €2,069 | +€2,069 | |
| Other amounts payable | 47/48 | €298,266 | €293,918 | -€4,348 | -1.5% |
| Non-recurring operating income | 76A | €4,801 | €1,454 | -€3,346 | -69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,386 | €7,820 | -€4,565 | -36.9% |
| Other operating charges | 640/8 | €3,026 | €3,119 | +€93 | +3.1% |
| Gross operating margin | 9900 | €21,372 | €22,356 | +€983 | +4.6% |
| Operating profit (loss) | 9901 | €5,961 | €11,416 | +€5,456 | +91.5% |
| Financial income | 75/76B | - | €731 | +€731 | |
| Recurring financial income | 75 | - | €731 | +€731 | |
| Financial charges | 65/66B | €163 | €765 | +€602 | +369.3% |
| Recurring financial charges | 65 | €163 | €765 | +€602 | +369.3% |
| Profit (loss) for the period before taxes | 9903 | €5,798 | €11,382 | +€5,584 | +96.3% |
| Profit (loss) for the period | 9904 | €5,798 | €11,382 | +€5,584 | +96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,798 | €11,382 | +€5,584 | +96.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.