LARAZA: 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.
LARAZA
Largest movements
- Receivables within one year +€9,976
up €9,976 (+22.5%), from €44,388 to €54,363
of which Trade receivables: +€14,415
- Stocks and contracts -€6,096
no longer reported in 2025 (was €6,096)
- Intangible fixed assets -€1,659
down €1,659 (-67.0%), from €2,477 to €818
- Tangible fixed assets -€1,640
down €1,640 (-63.2%), from €2,595 to €955
- Cash -€1,043
down €1,043 (-65.5%), from €1,593 to €550
mainly Net result for the year (-€11,606) and Receivables within one year (-€9,976)
- Advances received +€19,150
new in 2025: €19,150
- Short-term financial debts +€11,666
up €11,666 (+351%), from €3,320 to €14,986
- Reserves -€11,606
down €11,606 (-54.4%), from €21,338 to €9,732
- Trade debts -€9,032
down €9,032 (-55.2%), from €16,353 to €7,321
- Tax, wage and social debts -€7,430
down €7,430 (-93.7%), from €7,927 to €498
of which Remuneration and social security: -€4,009
- Staff costs -€30,399
down €30,399 (-87.2%), from €34,876 to €4,477
- Gross operating margin -€26,254
down €26,254, from €24,278 to -€1,977
- Taxes +€1,449
up €1,449 (+668%), from €217 to €1,666
- Other operating charges -€722
down €722 (-81.9%), from €881 to €159
- Financial charges -€682
down €682 (-24.7%), from €2,757 to €2,075
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.
Derived cash bridge
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 | €57,148 | €56,687 | -€461 | -0.8% |
| Fixed assets | 21/28 | €5,072 | €1,773 | -€3,299 | -65.0% |
| Intangible fixed assets | 21 | €2,477 | €818 | -€1,659 | -67.0% |
| Tangible fixed assets | 22/27 | €2,595 | €955 | -€1,640 | -63.2% |
| Plant, machinery and equipment | 23 | €2,595 | €955 | -€1,640 | -63.2% |
| Current assets | 29/58 | €52,076 | €54,913 | +€2,838 | +5.4% |
| Stocks and contracts in progress | 3 | €6,096 | - | -€6,096 | |
| Stocks | 30/36 | €6,096 | - | -€6,096 | |
| Amounts receivable within one year | 40/41 | €44,388 | €54,363 | +€9,976 | +22.5% |
| Trade receivables | 40 | €1,652 | €16,066 | +€14,415 | +873% |
| Other amounts receivable | 41 | €42,736 | €38,297 | -€4,439 | -10.4% |
| Cash at bank and in hand | 54/58 | €1,593 | €550 | -€1,043 | -65.5% |
| Total equity and liabilities | 10/49 | €57,148 | €56,687 | -€461 | -0.8% |
| Equity | 10/15 | €26,338 | €14,732 | -€11,606 | -44.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,338 | €9,732 | -€11,606 | -54.4% |
| Distributable reserves | 133 | €21,338 | €9,732 | -€11,606 | -54.4% |
| Amounts payable | 17/49 | €30,810 | €41,955 | +€11,145 | +36.2% |
| Amounts payable within one year | 42/48 | €30,810 | €41,955 | +€11,145 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €3,210 | - | -€3,210 | |
| Financial debts | 43 | €3,320 | €14,986 | +€11,666 | +351% |
| Credit institutions | 430/8 | €3,320 | €14,986 | +€11,666 | +351% |
| Trade debts | 44 | €16,353 | €7,321 | -€9,032 | -55.2% |
| Suppliers | 440/4 | €16,353 | €7,321 | -€9,032 | -55.2% |
| Advances received on contracts in progress | 46 | - | €19,150 | +€19,150 | |
| Taxes, remuneration and social security | 45 | €7,927 | €498 | -€7,430 | -93.7% |
| Taxes | 450/3 | €3,918 | €498 | -€3,420 | -87.3% |
| Remuneration and social security | 454/9 | €4,009 | - | -€4,009 | |
| Remuneration, social security and pensions | 62 | €34,876 | €4,477 | -€30,399 | -87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,171 | €3,299 | +€127 | +4.0% |
| Other operating charges | 640/8 | €881 | €159 | -€722 | -81.9% |
| Gross operating margin | 9900 | €24,278 | -€1,977 | -€26,254 | |
| Operating profit (loss) | 9901 | -€14,651 | -€9,912 | +€4,739 | +32.3% |
| Financial income | 75/76B | €2,669 | €2,046 | -€622 | -23.3% |
| Recurring financial income | 75 | €2,669 | €2,046 | -€622 | -23.3% |
| Financial charges | 65/66B | €2,757 | €2,075 | -€682 | -24.7% |
| Recurring financial charges | 65 | €2,757 | €2,075 | -€682 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,739 | -€9,940 | +€4,799 | +32.6% |
| Income taxes | 67/77 | €217 | €1,666 | +€1,449 | +668% |
| Profit (loss) for the period | 9904 | -€14,956 | -€11,606 | +€3,350 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,956 | -€11,606 | +€3,350 | +22.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.