LARCIN: 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.
LARCIN
Largest movements
- Stocks and contracts -€350,000
down €350,000 (-30.8%), from €1.1m to €786,632
- Current investments +€143,192
up €143,192 (+11.5%), from €1.2m to €1.4m
- Receivables within one year +€134,292
up €134,292 (+62.6%), from €214,580 to €348,872
of which Trade receivables: +€157,475
- Tangible fixed assets +€46,448
up €46,448 (+92.0%), from €50,485 to €96,933
of which Furniture and vehicles: +€47,993
- Cash +€34,421
up €34,421 (+132.3%), from €26,018 to €60,439
mainly Stocks and contracts (+€350,000) and Net result for the year (+€70,198)
- Reserves +€70,198
up €70,198 (+2.9%), from €2.4m to €2.5m
of which Distributable reserves: +€70,198
- Trade debts -€30,739
down €30,739 (-26.1%), from €117,929 to €87,190
- Financial income +€43,544
up €43,544 (+331.1%), from €13,150 to €56,694
- Other operating charges +€19,670
up €19,670 (+198.0%), from €9,933 to €29,602
- Depreciation +€8,992
up €8,992 (+208.6%), from €4,310 to €13,303
- Taxes +€4,304
up €4,304 (+18.0%), from €23,864 to €28,168
- Gross operating margin -€3,341
down €3,341 (-1.4%), from €230,978 to €227,637
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 | €2,704,246 | €2,710,554 | +€6,309 | +0.2% |
| Fixed assets | 21/28 | €74,549 | €120,997 | +€46,448 | +62.3% |
| Tangible fixed assets | 22/27 | €50,485 | €96,933 | +€46,448 | +92.0% |
| Land and buildings | 22 | €41,915 | €41,915 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €12 | €48,005 | +€47,993 | +413733.5% |
| Other tangible fixed assets | 26 | €8,558 | €7,013 | -€1,545 | -18.1% |
| Financial fixed assets | 28 | €24,064 | €24,064 | = | 0.0% |
| Current assets | 29/58 | €2,629,697 | €2,589,557 | -€40,140 | -1.5% |
| Stocks and contracts in progress | 3 | €1,136,632 | €786,632 | -€350,000 | -30.8% |
| Stocks | 30/36 | €1,136,632 | €786,632 | -€350,000 | -30.8% |
| Amounts receivable within one year | 40/41 | €214,580 | €348,872 | +€134,292 | +62.6% |
| Trade receivables | 40 | €191,172 | €348,646 | +€157,475 | +82.4% |
| Other amounts receivable | 41 | €23,409 | €226 | -€23,183 | -99.0% |
| Current investments | 50/53 | €1,245,908 | €1,389,099 | +€143,192 | +11.5% |
| Cash at bank and in hand | 54/58 | €26,018 | €60,439 | +€34,421 | +132.3% |
| Deferred charges and accrued income | 490/1 | €6,559 | €4,514 | -€2,045 | -31.2% |
| Total equity and liabilities | 10/49 | €2,704,246 | €2,710,554 | +€6,309 | +0.2% |
| Equity | 10/15 | €2,480,171 | €2,550,369 | +€70,198 | +2.8% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €2,415,171 | €2,485,369 | +€70,198 | +2.9% |
| Non-distributable reserves | 130/1 | €14,130 | €14,130 | = | 0.0% |
| Legal reserve | 130 | €14,130 | €14,130 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,707 | €17,707 | = | 0.0% |
| Distributable reserves | 133 | €2,383,334 | €2,453,532 | +€70,198 | +2.9% |
| Amounts payable | 17/49 | €224,075 | €160,185 | -€63,889 | -28.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €221,980 | €160,117 | -€61,863 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €8,634 | - | -€8,634 | |
| Trade debts | 44 | €117,929 | €87,190 | -€30,739 | -26.1% |
| Suppliers | 440/4 | €117,929 | €87,190 | -€30,739 | -26.1% |
| Taxes, remuneration and social security | 45 | €30,678 | €7,183 | -€23,494 | -76.6% |
| Taxes | 450/3 | €30,616 | €3,411 | -€27,205 | -88.9% |
| Remuneration and social security | 454/9 | €61 | €3,772 | +€3,711 | +6069.9% |
| Other amounts payable | 47/48 | €64,739 | €65,744 | +€1,005 | +1.6% |
| Accrued charges and deferred income | 492/3 | €2,095 | €69 | -€2,026 | -96.7% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €144,602 | €141,453 | -€3,149 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,310 | €13,303 | +€8,992 | +208.6% |
| Other operating charges | 640/8 | €9,933 | €29,602 | +€19,670 | +198.0% |
| Gross operating margin | 9900 | €230,978 | €227,637 | -€3,341 | -1.4% |
| Operating profit (loss) | 9901 | €72,133 | €43,279 | -€28,854 | -40.0% |
| Financial income | 75/76B | €13,150 | €56,694 | +€43,544 | +331.1% |
| Recurring financial income | 75 | €13,150 | €56,694 | +€43,544 | +331.1% |
| Financial charges | 65/66B | €1,307 | €1,608 | +€300 | +23.0% |
| Recurring financial charges | 65 | €1,307 | €1,319 | +€11 | +0.9% |
| Non-recurring financial charges | 66B | - | €289 | +€289 | |
| Profit (loss) for the period before taxes | 9903 | €83,976 | €98,366 | +€14,390 | +17.1% |
| Income taxes | 67/77 | €23,864 | €28,168 | +€4,304 | +18.0% |
| Profit (loss) for the period | 9904 | €60,112 | €70,198 | +€10,086 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,112 | €70,198 | +€10,086 | +16.8% |
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 5 October 2026 via checked.be.