LARA: 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.
LARA
Largest movements
- Receivables within one year -€37,130
down €37,130 (-95.6%), from €38,848 to €1,718
of which Trade receivables: -€37,490
- Tangible fixed assets -€5,851
down €5,851 (-20.0%), from €29,257 to €23,406
of which Land and buildings: -€5,385
- Cash +€4,523
up €4,523 (+19.7%), from €22,986 to €27,509
mainly Receivables within one year (+€37,130) and Depreciation (+€5,851)
- Financial fixed assets +€1,115
up €1,115 (+9.0%), from €12,441 to €13,556
- Trade debts -€26,371
down €26,371 (-98.3%), from €26,828 to €457
- Profit (loss) carried forward -€11,315
down €11,315 (-21.1%), from €53,712 to €42,397
- Gross operating margin +€11,991
up €11,991 (+69.2%), from -€17,320 to -€5,329
- Financial income -€5,521
down €5,521 (-70.9%), from €7,785 to €2,263
of which Financial income: -€7,784
- Staff costs -€3,614
no longer reported in 2025 (was €3,614)
- Taxes -€2,417
down €2,417 (-99.8%), from €2,420 to €4
- Depreciation +€976
up €976 (+20.0%), from €4,874 to €5,851
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 | €107,154 | €69,242 | -€37,912 | -35.4% |
| Fixed assets | 21/28 | €41,698 | €36,962 | -€4,736 | -11.4% |
| Tangible fixed assets | 22/27 | €29,257 | €23,406 | -€5,851 | -20.0% |
| Land and buildings | 22 | €28,791 | €23,406 | -€5,385 | -18.7% |
| Plant, machinery and equipment | 23 | €466 | - | -€466 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €12,441 | €13,556 | +€1,115 | +9.0% |
| Current assets | 29/58 | €65,456 | €32,280 | -€33,176 | -50.7% |
| Stocks and contracts in progress | 3 | €3,622 | €3,053 | -€569 | -15.7% |
| Stocks | 30/36 | €3,622 | €3,053 | -€569 | -15.7% |
| Amounts receivable within one year | 40/41 | €38,848 | €1,718 | -€37,130 | -95.6% |
| Trade receivables | 40 | €37,773 | €283 | -€37,490 | -99.3% |
| Other amounts receivable | 41 | €1,075 | €1,434 | +€360 | +33.4% |
| Cash at bank and in hand | 54/58 | €22,986 | €27,509 | +€4,523 | +19.7% |
| Total equity and liabilities | 10/49 | €107,154 | €69,242 | -€37,912 | -35.4% |
| Equity | 10/15 | €74,172 | €62,857 | -€11,315 | -15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,712 | €42,397 | -€11,315 | -21.1% |
| Amounts payable | 17/49 | €32,982 | €6,385 | -€26,597 | -80.6% |
| Amounts payable within one year | 42/48 | €32,982 | €6,385 | -€26,597 | -80.6% |
| Trade debts | 44 | €26,828 | €457 | -€26,371 | -98.3% |
| Suppliers | 440/4 | €26,828 | €457 | -€26,371 | -98.3% |
| Taxes, remuneration and social security | 45 | €2,387 | €2,098 | -€288 | -12.1% |
| Taxes | 450/3 | €2,387 | - | -€2,387 | |
| Remuneration and social security | 454/9 | - | €2,098 | +€2,098 | |
| Other amounts payable | 47/48 | €3,767 | €3,830 | +€62 | +1.7% |
| Remuneration, social security and pensions | 62 | €3,614 | - | -€3,614 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,874 | €5,851 | +€976 | +20.0% |
| Other operating charges | 640/8 | €1,085 | €1,200 | +€116 | +10.7% |
| Non-recurring operating charges | 66A | €58 | €869 | +€811 | +1397.8% |
| Gross operating margin | 9900 | -€17,320 | -€5,329 | +€11,991 | +69.2% |
| Operating profit (loss) | 9901 | -€26,951 | -€13,249 | +€13,702 | +50.8% |
| Financial income | 75/76B | €7,785 | €2,263 | -€5,521 | -70.9% |
| Recurring financial income | 75 | €7,785 | €1 | -€7,784 | -100.0% |
| Non-recurring financial income | 76B | €7,785 | €2,262 | -€5,522 | -70.9% |
| Financial charges | 65/66B | €300 | €326 | +€26 | +8.6% |
| Recurring financial charges | 65 | €300 | €326 | +€26 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,466 | -€11,311 | +€8,155 | +41.9% |
| Income taxes | 67/77 | €2,420 | €4 | -€2,417 | -99.8% |
| Profit (loss) for the period | 9904 | -€21,887 | -€11,315 | +€10,571 | +48.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,887 | -€11,315 | +€10,571 | +48.3% |
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 4 October 2026 via checked.be.