LARIM: 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.
LARIM
Largest movements
- Receivables within one year +€318,948
up €318,948 (+200%), from €159,704 to €478,652
of which Other amounts receivable: +€321,476
- Cash +€104,191
up €104,191 (+133%), from €78,261 to €182,452
mainly Debts after one year (+€278,053) and Net result for the year (+€135,446)
- Tangible fixed assets -€26,000
down €26,000 (-27.2%), from €95,715 to €69,715
- Deferred charges and accrued income -€13,959
down €13,959 (-81.0%), from €17,229 to €3,270
- Debts after one year +€278,053
up €278,053 (+524%), from €53,111 to €331,164
of which Other amounts payable: +€300,000
- Reserves +€135,446
up €135,446 (+30.6%), from €442,921 to €578,367
- Trade debts -€28,282
down €28,282 (-96.9%), from €29,191 to €908
- Other debts +€27,500
new in 2025: €27,500
- Tax, wage and social debts -€19,863
down €19,863 (-50.5%), from €39,302 to €19,439
of which Taxes: -€19,990
- Gross operating margin +€94,201
up €94,201 (+56.6%), from €166,446 to €260,647
- Staff costs +€41,699
up €41,699 (+675%), from €6,173 to €47,872
- Depreciation +€16,462
up €16,462 (+173%), from €9,538 to €26,000
- Taxes -€14,945
down €14,945 (-38.0%), from €39,318 to €24,373
- Financial income +€8,480
new in 2025: €8,480
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 | €620,934 | €1,004,114 | +€383,180 | +61.7% |
| Fixed assets | 21/28 | €365,740 | €339,740 | -€26,000 | -7.1% |
| Tangible fixed assets | 22/27 | €95,715 | €69,715 | -€26,000 | -27.2% |
| Furniture and vehicles | 24 | €95,715 | €69,715 | -€26,000 | -27.2% |
| Financial fixed assets | 28 | €270,025 | €270,025 | = | 0.0% |
| Current assets | 29/58 | €255,194 | €664,374 | +€409,180 | +160% |
| Amounts receivable within one year | 40/41 | €159,704 | €478,652 | +€318,948 | +200% |
| Trade receivables | 40 | €31,266 | €28,738 | -€2,529 | -8.1% |
| Other amounts receivable | 41 | €128,438 | €449,914 | +€321,476 | +250% |
| Cash at bank and in hand | 54/58 | €78,261 | €182,452 | +€104,191 | +133% |
| Deferred charges and accrued income | 490/1 | €17,229 | €3,270 | -€13,959 | -81.0% |
| Total equity and liabilities | 10/49 | €620,934 | €1,004,114 | +€383,180 | +61.7% |
| Equity | 10/15 | €461,521 | €596,967 | +€135,446 | +29.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €442,921 | €578,367 | +€135,446 | +30.6% |
| Distributable reserves | 133 | €442,921 | €578,367 | +€135,446 | +30.6% |
| Amounts payable | 17/49 | €159,414 | €407,147 | +€247,734 | +155% |
| Amounts payable after more than one year | 17 | €53,111 | €331,164 | +€278,053 | +524% |
| Financial debts | 170/4 | €53,111 | €31,164 | -€21,947 | -41.3% |
| Other amounts payable | 178/9 | - | €300,000 | +€300,000 | |
| Amounts payable within one year | 42/48 | €106,188 | €74,844 | -€31,343 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €31,862 | €21,947 | -€9,915 | -31.1% |
| Financial debts | 43 | €5,833 | €5,050 | -€783 | -13.4% |
| Credit institutions | 430/8 | €5,833 | €5,050 | -€783 | -13.4% |
| Trade debts | 44 | €29,191 | €908 | -€28,282 | -96.9% |
| Suppliers | 440/4 | €29,191 | €908 | -€28,282 | -96.9% |
| Taxes, remuneration and social security | 45 | €39,302 | €19,439 | -€19,863 | -50.5% |
| Taxes | 450/3 | €34,084 | €14,094 | -€19,990 | -58.6% |
| Remuneration and social security | 454/9 | €5,218 | €5,345 | +€127 | +2.4% |
| Other amounts payable | 47/48 | - | €27,500 | +€27,500 | |
| Accrued charges and deferred income | 492/3 | €115 | €1,139 | +€1,024 | +887% |
| Remuneration, social security and pensions | 62 | €6,173 | €47,872 | +€41,699 | +675% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,538 | €26,000 | +€16,462 | +173% |
| Other operating charges | 640/8 | €8,583 | €4,260 | -€4,323 | -50.4% |
| Non-recurring operating charges | 66A | €9,682 | €27,551 | +€17,870 | +185% |
| Gross operating margin | 9900 | €166,446 | €260,647 | +€94,201 | +56.6% |
| Operating profit (loss) | 9901 | €132,470 | €154,964 | +€22,494 | +17.0% |
| Financial income | 75/76B | - | €8,480 | +€8,480 | |
| Recurring financial income | 75 | - | €8,480 | +€8,480 | |
| Financial charges | 65/66B | €2,225 | €3,624 | +€1,399 | +62.9% |
| Recurring financial charges | 65 | €2,225 | €3,624 | +€1,399 | +62.9% |
| Profit (loss) for the period before taxes | 9903 | €130,245 | €159,820 | +€29,574 | +22.7% |
| Income taxes | 67/77 | €39,318 | €24,373 | -€14,945 | -38.0% |
| Profit (loss) for the period | 9904 | €90,927 | €135,446 | +€44,519 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €90,927 | €135,446 | +€44,519 | +49.0% |
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 29 October 2026 via checked.be.