LarCon: 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.
LarCon
Largest movements
- Cash +€24,816
up €24,816 (+41.0%), from €60,534 to €85,351
mainly Net result for the year (+€64,740) and Trade debts (+€1,791)
- Current investments +€12,555
up €12,555 (+6.4%), from €195,056 to €207,611
- Receivables within one year +€5,535
up €5,535 (+1153.6%), from €480 to €6,015
of which Trade receivables: +€5,474
- Reserves +€64,740
up €64,740 (+33.0%), from €196,237 to €260,977
- Tax, wage and social debts -€22,517
down €22,517 (-43.1%), from €52,221 to €29,703
- Gross operating margin +€9,825
up €9,825 (+10.4%), from €94,735 to €104,560
- Taxes +€3,316
up €3,316 (+15.7%), from €21,095 to €24,411
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 | €257,037 | €300,738 | +€43,701 | +17.0% |
| Fixed assets | 21/28 | €758 | €1,501 | +€743 | +98.0% |
| Tangible fixed assets | 22/27 | €758 | €1,501 | +€743 | +98.0% |
| Furniture and vehicles | 24 | €758 | €1,501 | +€743 | +98.0% |
| Current assets | 29/58 | €256,279 | €299,237 | +€42,958 | +16.8% |
| Amounts receivable within one year | 40/41 | €480 | €6,015 | +€5,535 | +1153.6% |
| Trade receivables | 40 | - | €5,474 | +€5,474 | |
| Other amounts receivable | 41 | €480 | €541 | +€61 | +12.8% |
| Current investments | 50/53 | €195,056 | €207,611 | +€12,555 | +6.4% |
| Cash at bank and in hand | 54/58 | €60,534 | €85,351 | +€24,816 | +41.0% |
| Deferred charges and accrued income | 490/1 | €209 | €261 | +€51 | +24.4% |
| Total equity and liabilities | 10/49 | €257,037 | €300,738 | +€43,701 | +17.0% |
| Equity | 10/15 | €201,237 | €265,977 | +€64,740 | +32.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €196,237 | €260,977 | +€64,740 | +33.0% |
| Distributable reserves | 133 | €196,237 | €260,977 | +€64,740 | +33.0% |
| Profit (loss) carried forward | 14 | €0 | - | -€0 | |
| Amounts payable | 17/49 | €55,800 | €34,761 | -€21,039 | -37.7% |
| Amounts payable within one year | 42/48 | €55,800 | €34,761 | -€21,039 | -37.7% |
| Financial debts | 43 | €4 | - | -€4 | |
| Credit institutions | 430/8 | €4 | - | -€4 | |
| Trade debts | 44 | €453 | €2,245 | +€1,791 | +395.2% |
| Suppliers | 440/4 | €453 | €2,245 | +€1,791 | +395.2% |
| Taxes, remuneration and social security | 45 | €52,221 | €29,703 | -€22,517 | -43.1% |
| Taxes | 450/3 | €52,221 | €29,703 | -€22,517 | -43.1% |
| Other amounts payable | 47/48 | €3,122 | €2,814 | -€309 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,084 | €581 | -€504 | -46.4% |
| Other operating charges | 640/8 | €17,923 | €17,116 | -€807 | -4.5% |
| Gross operating margin | 9900 | €94,735 | €104,560 | +€9,825 | +10.4% |
| Operating profit (loss) | 9901 | €75,728 | €86,863 | +€11,136 | +14.7% |
| Financial income | 75/76B | €1,819 | €2,379 | +€560 | +30.8% |
| Recurring financial income | 75 | €1,819 | €2,379 | +€560 | +30.8% |
| Financial charges | 65/66B | €198 | €92 | -€106 | -53.7% |
| Recurring financial charges | 65 | €198 | €92 | -€106 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | €77,348 | €89,151 | +€11,802 | +15.3% |
| Income taxes | 67/77 | €21,095 | €24,411 | +€3,316 | +15.7% |
| Profit (loss) for the period | 9904 | €56,253 | €64,740 | +€8,486 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,253 | €64,740 | +€8,486 | +15.1% |
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.