LARAL: 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.
What changed
LARAL
NACE 70.100, Activities of head offices
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€75,560
2025 · -€945,559+€870,000
Equity
€6.1m
2025 · €6.2m-€75,560
Cash
€576,407
2025 · €367,436+€208,971
Balance sheet total
€7.7m
2025 · €7.6m+€90,706
Largest movements
Assets
- Cash +€208,971
up €208,971 (+56.9%), from €367,436 to €576,407
mainly Short-term financial debts (+€237,750) and Tax, wage and social debts (+€233,354)
Equity and liabilities
- Short-term financial debts +€237,750
up €237,750 (+108%), from €220,488 to €458,239
- Tax, wage and social debts +€233,354
up €233,354 (+41.6%), from €560,855 to €794,209
of which Remuneration and social security: +€193,635
- Trade debts -€231,542
down €231,542 (-56.1%), from €412,543 to €181,001
Income statement
- Financial income +€5.1m
up €5.1m (+1,877,677%), from €273 to €5.1m
of which Non-recurring financial income: +€5.1m
- Financial charges +€3.9m
up €3.9m (+304%), from €1.3m to €5.2m
of which Non-recurring financial charges: +€3.9m
- Staff costs -€208,497
down €208,497 (-6.0%), from €3.5m to €3.3m
- Services and other goods +€206,149
up €206,149 (+8.0%), from €2.6m to €2.8m
- Taxes -€113,656
down €113,656 (-83.7%), from €135,868 to €22,212
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.
Result 2025
-€945,559
Turnover
+€43,973
Other operating income
-€11,294
Services and other goods
-€206,149
Staff costs
+€208,497
Depreciation
-€5,018
Other operating charges
+€5,620
Other operating items
-€528,180
Financial income
+€5.1m
Financial charges
-€3.9m
Taxes
+€113,656
Result 2026
-€75,560
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€50,306
Investment
-€42,974
Financing
+€201,639
Cash 2025
€367,436
From operations (derived)
+€50,306
Net result for the year
-€75,560
Depreciation
+€82,927
Receivables within one year
+€4,360
Deferred charges and accrued income
+€73,951
Trade debts
-€231,542
Tax, wage and social debts
+€233,354
Other debts
-€37,185
Investment (derived)
-€42,974
Investment in fixed assets (net)
-€42,974
Financing
+€201,639
Debts after one year
-€35,937
Current portion of long-term debt
-€174
Short-term financial debts
+€237,750
Cash 2026
€576,407
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,584,806 | €7,675,512 | +€90,706 | +1.2% |
| Fixed assets | 21/28 | €6,632,827 | €6,592,874 | -€39,953 | -0.6% |
| Intangible fixed assets | 21 | €0 | €16,780 | +€16,780 | |
| Tangible fixed assets | 22/27 | €312,294 | €255,561 | -€56,733 | -18.2% |
| Plant, machinery and equipment | 23 | €194,358 | €170,160 | -€24,199 | -12.5% |
| Furniture and vehicles | 24 | €60,912 | €26,703 | -€34,209 | -56.2% |
| Other tangible fixed assets | 26 | €57,023 | €58,698 | +€1,674 | +2.9% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €6,320,533 | €6,320,533 | = | 0.0% |
| Affiliated companies | 280/1 | €6,320,533 | €6,320,533 | = | 0.0% |
| Participating interests | 280 | €6,320,533 | €6,320,533 | = | 0.0% |
| Current assets | 29/58 | €951,979 | €1,082,638 | +€130,660 | +13.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €436,777 | €432,417 | -€4,360 | -1.0% |
| Trade receivables | 40 | €313,427 | €243,336 | -€70,091 | -22.4% |
| Other amounts receivable | 41 | €123,350 | €189,081 | +€65,731 | +53.3% |
| Cash at bank and in hand | 54/58 | €367,436 | €576,407 | +€208,971 | +56.9% |
| Deferred charges and accrued income | 490/1 | €147,766 | €73,814 | -€73,951 | -50.0% |
| Total equity and liabilities | 10/49 | €7,584,806 | €7,675,512 | +€90,706 | +1.2% |
| Equity | 10/15 | €6,205,154 | €6,129,595 | -€75,560 | -1.2% |
| Contributions | 10/11 | €7,150,000 | €7,150,000 | = | 0.0% |
| Capital | 10 | €7,150,000 | €7,150,000 | = | 0.0% |
| Issued capital | 100 | €7,150,000 | €7,150,000 | = | 0.0% |
| Reserves | 13 | €633,709 | €633,709 | = | 0.0% |
| Non-distributable reserves | 130/1 | €162,551 | €162,551 | = | 0.0% |
| Legal reserve | 130 | €162,551 | €162,551 | = | 0.0% |
| Distributable reserves | 133 | €471,158 | €471,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,578,555 | -€1,654,114 | -€75,560 | -4.8% |
| Amounts payable | 17/49 | €1,379,651 | €1,545,917 | +€166,266 | +12.1% |
| Amounts payable after more than one year | 17 | €112,468 | €76,531 | -€35,937 | -32.0% |
| Financial debts | 170/4 | €112,468 | €76,531 | -€35,937 | -32.0% |
| Credit institutions | 173 | €112,468 | €76,531 | -€35,937 | -32.0% |
| Amounts payable within one year | 42/48 | €1,267,183 | €1,469,386 | +€202,203 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €36,112 | €35,937 | -€174 | -0.5% |
| Financial debts | 43 | €220,488 | €458,239 | +€237,750 | +108% |
| Credit institutions | 430/8 | €220,488 | €458,239 | +€237,750 | +108% |
| Trade debts | 44 | €412,543 | €181,001 | -€231,542 | -56.1% |
| Suppliers | 440/4 | €412,543 | €181,001 | -€231,542 | -56.1% |
| Taxes, remuneration and social security | 45 | €560,855 | €794,209 | +€233,354 | +41.6% |
| Taxes | 450/3 | €38,912 | €78,631 | +€39,719 | +102% |
| Remuneration and social security | 454/9 | €521,943 | €715,578 | +€193,635 | +37.1% |
| Other amounts payable | 47/48 | €37,185 | €0 | -€37,185 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €6,659,466 | €6,692,145 | +€32,679 | +0.5% |
| Turnover | 70 | €6,404,155 | €6,448,128 | +€43,973 | +0.7% |
| Other operating income | 74 | €255,310 | €244,017 | -€11,294 | -4.4% |
| Operating charges | 60/66A | €6,194,744 | €6,719,973 | +€525,229 | +8.5% |
| Services and other goods | 61 | €2,579,569 | €2,785,719 | +€206,149 | +8.0% |
| Remuneration, social security and pensions | 62 | €3,489,576 | €3,281,079 | -€208,497 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,910 | €82,927 | +€5,018 | +6.4% |
| Other operating charges | 640/8 | €47,689 | €42,068 | -€5,620 | -11.8% |
| Non-recurring operating charges | 66A | - | €528,180 | +€528,180 | |
| Operating profit (loss) | 9901 | €464,722 | -€27,828 | -€492,550 | |
| Financial income | 75/76B | €273 | €5,124,830 | +€5.1m | +1,877,677% |
| Recurring financial income | 75 | €273 | €1,479 | +€1,206 | +442% |
| Income from current assets | 751 | €214 | €249 | +€35 | +16.3% |
| Other financial income | 752/9 | €59 | €1,231 | +€1,171 | +1,980% |
| Non-recurring financial income | 76B | - | €5,123,350 | +€5.1m | |
| Financial charges | 65/66B | €1,274,686 | €5,150,349 | +€3.9m | +304% |
| Recurring financial charges | 65 | €74,686 | €53,284 | -€21,403 | -28.7% |
| Debt charges | 650 | €71,135 | €49,153 | -€21,982 | -30.9% |
| Other financial charges | 652/9 | €3,552 | €4,131 | +€579 | +16.3% |
| Non-recurring financial charges | 66B | €1,200,000 | €5,097,066 | +€3.9m | +325% |
| Profit (loss) for the period before taxes | 9903 | -€809,692 | -€53,348 | +€756,344 | +93.4% |
| Income taxes | 67/77 | €135,868 | €22,212 | -€113,656 | -83.7% |
| Taxes | 670/3 | €135,868 | €22,212 | -€113,656 | -83.7% |
| Profit (loss) for the period | 9904 | -€945,559 | -€75,560 | +€870,000 | +92.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€945,559 | -€75,560 | +€870,000 | +92.0% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.