LARGO: 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.
LARGO
Largest movements
- Tangible fixed assets +€9,307
up €9,307 (+71.4%), from €13,031 to €22,338
of which Plant, machinery and equipment: +€5,519
- Cash -€2,021
down €2,021 (-13.7%), from €14,751 to €12,729
mainly Investment in fixed assets (net) (-€15,016) and Trade debts (-€4,571)
- Receivables within one year -€1,579
down €1,579 (-13.2%), from €11,989 to €10,410
- Stocks and contracts -€947
down €947 (-66.3%), from €1,430 to €483
- Deferred charges and accrued income +€768
up €768 (+46.3%), from €1,658 to €2,426
- Profit (loss) carried forward +€9,477
up €9,477 (+37.1%), from €25,544 to €35,021
- Trade debts -€4,571
down €4,571 (-63.6%), from €7,183 to €2,612
- Advances received +€3,825
new in 2024: €3,825
- Tax, wage and social debts -€2,579
down €2,579 (-34.1%), from €7,552 to €4,974
of which Taxes: -€2,121
- Other debts -€625
down €625 (-92.8%), from €674 to €48
- Staff costs -€37,669
down €37,669 (-75.1%), from €50,190 to €12,522
- Gross operating margin -€24,720
down €24,720 (-42.9%), from €57,636 to €32,916
- Depreciation +€2,267
up €2,267 (+65.9%), from €3,442 to €5,709
- Other operating charges +€1,807
up €1,807 (+192%), from €942 to €2,749
- Financial charges +€749
up €749 (+76.5%), from €979 to €1,727
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,013 | €54,540 | +€5,527 | +11.3% |
| Fixed assets | 21/28 | €19,186 | €28,493 | +€9,307 | +48.5% |
| Tangible fixed assets | 22/27 | €13,031 | €22,338 | +€9,307 | +71.4% |
| Plant, machinery and equipment | 23 | €8,127 | €13,646 | +€5,519 | +67.9% |
| Furniture and vehicles | 24 | €4,905 | €8,692 | +€3,788 | +77.2% |
| Financial fixed assets | 28 | €6,155 | €6,155 | = | 0.0% |
| Current assets | 29/58 | €29,827 | €26,047 | -€3,780 | -12.7% |
| Stocks and contracts in progress | 3 | €1,430 | €483 | -€947 | -66.3% |
| Stocks | 30/36 | €1,430 | €483 | -€947 | -66.3% |
| Amounts receivable within one year | 40/41 | €11,989 | €10,410 | -€1,579 | -13.2% |
| Trade receivables | 40 | €11,989 | €10,410 | -€1,579 | -13.2% |
| Cash at bank and in hand | 54/58 | €14,751 | €12,729 | -€2,021 | -13.7% |
| Deferred charges and accrued income | 490/1 | €1,658 | €2,426 | +€768 | +46.3% |
| Total equity and liabilities | 10/49 | €49,013 | €54,540 | +€5,527 | +11.3% |
| Equity | 10/15 | €33,604 | €43,081 | +€9,477 | +28.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,544 | €35,021 | +€9,477 | +37.1% |
| Amounts payable | 17/49 | €15,409 | €11,459 | -€3,950 | -25.6% |
| Amounts payable within one year | 42/48 | €15,409 | €11,459 | -€3,950 | -25.6% |
| Trade debts | 44 | €7,183 | €2,612 | -€4,571 | -63.6% |
| Suppliers | 440/4 | €7,183 | €2,612 | -€4,571 | -63.6% |
| Advances received on contracts in progress | 46 | - | €3,825 | +€3,825 | |
| Taxes, remuneration and social security | 45 | €7,552 | €4,974 | -€2,579 | -34.1% |
| Taxes | 450/3 | €7,095 | €4,974 | -€2,121 | -29.9% |
| Remuneration and social security | 454/9 | €457 | - | -€457 | |
| Other amounts payable | 47/48 | €674 | €48 | -€625 | -92.8% |
| Remuneration, social security and pensions | 62 | €50,190 | €12,522 | -€37,669 | -75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,442 | €5,709 | +€2,267 | +65.9% |
| Other operating charges | 640/8 | €942 | €2,749 | +€1,807 | +192% |
| Non-recurring operating charges | 66A | - | €231 | +€231 | |
| Gross operating margin | 9900 | €57,636 | €32,916 | -€24,720 | -42.9% |
| Operating profit (loss) | 9901 | €3,061 | €11,705 | +€8,643 | +282% |
| Financial income | 75/76B | €522 | - | -€522 | |
| Recurring financial income | 75 | €522 | - | -€522 | |
| Financial charges | 65/66B | €979 | €1,727 | +€749 | +76.5% |
| Recurring financial charges | 65 | €979 | €1,727 | +€749 | +76.5% |
| Profit (loss) for the period before taxes | 9903 | €2,605 | €9,977 | +€7,372 | +283% |
| Income taxes | 67/77 | - | €500 | +€500 | |
| Profit (loss) for the period | 9904 | €2,605 | €9,477 | +€6,872 | +264% |
| Profit (loss) for the period to be appropriated | 9905 | €2,605 | €9,477 | +€6,872 | +264% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.