LARCS: 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.
LARCS
Largest movements
- Cash +€21,359
up €21,359 (+86.5%), from €24,697 to €46,057
mainly Other debts (+€22,370) and Net result for the year (+€19,148)
- Deferred charges and accrued income +€19,585
up €19,585 (+1958.5%), from €1,000 to €20,585
- Tangible fixed assets -€18,144
down €18,144 (-49.0%), from €37,063 to €18,919
of which Furniture and vehicles: -€12,677
- Receivables within one year -€6,675
down €6,675 (-21.5%), from €31,086 to €24,411
of which Trade receivables: -€7,122
- Other debts +€22,370
up €22,370 (+91.7%), from €24,398 to €46,768
- Reserves -€8,980
down €8,980 (-18.6%), from €48,376 to €39,396
- Trade debts +€5,341
up €5,341 (+990.3%), from €539 to €5,880
- Tax, wage and social debts -€2,596
down €2,596 (-100.0%), from €2,596 to €0
of which Remuneration and social security: -€1,653
- Financial income +€20,585
up €20,585, from €0 to €20,585
- Gross operating margin -€2,730
down €2,730 (-13.2%), from €20,694 to €17,964
- Other operating charges -€662
down €662 (-40.3%), from €1,645 to €983
- Depreciation -€373
down €373 (-2.0%), from €18,517 to €18,144
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 | €94,597 | €110,721 | +€16,125 | +17.0% |
| Fixed assets | 21/28 | €37,813 | €19,669 | -€18,144 | -48.0% |
| Tangible fixed assets | 22/27 | €37,063 | €18,919 | -€18,144 | -49.0% |
| Plant, machinery and equipment | 23 | €10,744 | €5,909 | -€4,835 | -45.0% |
| Furniture and vehicles | 24 | €21,889 | €9,212 | -€12,677 | -57.9% |
| Other tangible fixed assets | 26 | €4,430 | €3,798 | -€632 | -14.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €56,784 | €91,053 | +€34,269 | +60.3% |
| Amounts receivable within one year | 40/41 | €31,086 | €24,411 | -€6,675 | -21.5% |
| Trade receivables | 40 | €21,317 | €14,195 | -€7,122 | -33.4% |
| Other amounts receivable | 41 | €9,769 | €10,216 | +€447 | +4.6% |
| Cash at bank and in hand | 54/58 | €24,697 | €46,057 | +€21,359 | +86.5% |
| Deferred charges and accrued income | 490/1 | €1,000 | €20,585 | +€19,585 | +1958.5% |
| Total equity and liabilities | 10/49 | €94,597 | €110,721 | +€16,125 | +17.0% |
| Equity | 10/15 | €66,976 | €57,996 | -€8,980 | -13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,376 | €39,396 | -€8,980 | -18.6% |
| Distributable reserves | 133 | €48,376 | €39,396 | -€8,980 | -18.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €27,621 | €52,726 | +€25,105 | +90.9% |
| Amounts payable within one year | 42/48 | €27,533 | €52,648 | +€25,115 | +91.2% |
| Trade debts | 44 | €539 | €5,880 | +€5,341 | +990.3% |
| Suppliers | 440/4 | €539 | €5,880 | +€5,341 | +990.3% |
| Taxes, remuneration and social security | 45 | €2,596 | €0 | -€2,596 | -100.0% |
| Taxes | 450/3 | €943 | €0 | -€943 | -100.0% |
| Remuneration and social security | 454/9 | €1,653 | €0 | -€1,653 | -100.0% |
| Other amounts payable | 47/48 | €24,398 | €46,768 | +€22,370 | +91.7% |
| Accrued charges and deferred income | 492/3 | €88 | €77 | -€10 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,517 | €18,144 | -€373 | -2.0% |
| Other operating charges | 640/8 | €1,645 | €983 | -€662 | -40.3% |
| Gross operating margin | 9900 | €20,694 | €17,964 | -€2,730 | -13.2% |
| Operating profit (loss) | 9901 | €532 | -€1,163 | -€1,695 | |
| Financial income | 75/76B | €0 | €20,585 | +€20,585 | |
| Recurring financial income | 75 | €0 | €20,585 | +€20,585 | |
| Financial charges | 65/66B | €164 | €102 | -€63 | -38.1% |
| Recurring financial charges | 65 | €164 | €102 | -€63 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €368 | €19,320 | +€18,952 | +5156.9% |
| Income taxes | 67/77 | €231 | €172 | -€59 | -25.6% |
| Profit (loss) for the period | 9904 | €137 | €19,148 | +€19,011 | +13876.8% |
| Profit (loss) for the period to be appropriated | 9905 | €137 | €19,148 | +€19,011 | +13876.8% |
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 3 October 2026 via checked.be.