LARIMAER: 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.
LARIMAER
Largest movements
- Tangible fixed assets -€118,129
down €118,129 (-6.8%), from €1.7m to €1.6m
of which Land and buildings: -€115,709
- Cash +€29,453
up €29,453 (+19.8%), from €149,047 to €178,501
mainly Depreciation (+€126,180) and Current portion of long-term debt (+€47,527)
- Debts after one year -€94,219
down €94,219 (-20.3%), from €464,684 to €370,465
- Current portion of long-term debt +€47,527
new in 2025: €47,527
- Other debts -€29,761
down €29,761 (-9.1%), from €326,490 to €296,729
- Gross operating margin +€8,749
up €8,749 (+5.8%), from €152,013 to €160,762
- Financial charges -€7,426
down €7,426 (-26.7%), from €27,844 to €20,418
- Depreciation -€2,113
down €2,113 (-1.6%), from €128,293 to €126,180
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 | €2,191,333 | €2,111,992 | -€79,341 | -3.6% |
| Fixed assets | 21/28 | €1,739,886 | €1,621,757 | -€118,129 | -6.8% |
| Tangible fixed assets | 22/27 | €1,739,486 | €1,621,357 | -€118,129 | -6.8% |
| Land and buildings | 22 | €1,698,429 | €1,582,720 | -€115,709 | -6.8% |
| Plant, machinery and equipment | 23 | €32,795 | €30,067 | -€2,729 | -8.3% |
| Furniture and vehicles | 24 | €8,261 | €8,571 | +€309 | +3.7% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €451,447 | €490,235 | +€38,788 | +8.6% |
| Amounts receivable after more than one year | 29 | €283,234 | €291,863 | +€8,628 | +3.0% |
| Other amounts receivable | 291 | €283,234 | €291,863 | +€8,628 | +3.0% |
| Amounts receivable within one year | 40/41 | €1,140 | €1,140 | = | 0.0% |
| Trade receivables | 40 | €1,140 | €1,140 | = | 0.0% |
| Current investments | 50/53 | €10,838 | €10,838 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €149,047 | €178,501 | +€29,453 | +19.8% |
| Deferred charges and accrued income | 490/1 | €7,187 | €7,893 | +€706 | +9.8% |
| Total equity and liabilities | 10/49 | €2,191,333 | €2,111,992 | -€79,341 | -3.6% |
| Equity | 10/15 | €1,334,367 | €1,328,651 | -€5,717 | -0.4% |
| Contributions | 10/11 | €950,000 | €950,000 | = | 0.0% |
| Reserves | 13 | €384,367 | €378,651 | -€5,717 | -1.5% |
| Non-distributable reserves | 130/1 | €34,996 | €34,996 | = | 0.0% |
| Reserves not available under the articles | 1311 | €34,996 | €34,996 | = | 0.0% |
| Tax-exempt reserves | 132 | €115,339 | €115,339 | = | 0.0% |
| Distributable reserves | 133 | €234,033 | €228,316 | -€5,717 | -2.4% |
| Provisions and deferred taxes | 16 | €59,390 | €59,390 | = | 0.0% |
| Deferred taxes | 168 | €59,390 | €59,390 | = | 0.0% |
| Amounts payable | 17/49 | €797,575 | €723,951 | -€73,624 | -9.2% |
| Amounts payable after more than one year | 17 | €464,684 | €370,465 | -€94,219 | -20.3% |
| Financial debts | 170/4 | €464,684 | €370,465 | -€94,219 | -20.3% |
| Amounts payable within one year | 42/48 | €327,070 | €344,380 | +€17,310 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | - | €47,527 | +€47,527 | |
| Trade debts | 44 | €580 | €124 | -€456 | -78.6% |
| Suppliers | 440/4 | €580 | €124 | -€456 | -78.6% |
| Other amounts payable | 47/48 | €326,490 | €296,729 | -€29,761 | -9.1% |
| Accrued charges and deferred income | 492/3 | €5,822 | €9,106 | +€3,284 | +56.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,293 | €126,180 | -€2,113 | -1.6% |
| Other operating charges | 640/8 | €23,776 | €24,375 | +€599 | +2.5% |
| Gross operating margin | 9900 | €152,013 | €160,762 | +€8,749 | +5.8% |
| Operating profit (loss) | 9901 | -€57 | €10,207 | +€10,263 | |
| Financial income | 75/76B | €4,384 | €4,495 | +€111 | +2.5% |
| Recurring financial income | 75 | €4,384 | €4,495 | +€111 | +2.5% |
| Financial charges | 65/66B | €27,844 | €20,418 | -€7,426 | -26.7% |
| Recurring financial charges | 65 | €27,844 | €20,418 | -€7,426 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,517 | -€5,717 | +€17,801 | +75.7% |
| Transfer from deferred taxes | 780 | €6,542 | - | -€6,542 | |
| Profit (loss) for the period | 9904 | -€16,975 | -€5,717 | +€11,259 | +66.3% |
| Transfer from tax-exempt reserves | 789 | €12,704 | - | -€12,704 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,271 | -€5,717 | -€1,445 | -33.8% |
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 1 October 2026 via checked.be.