LARISE: 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.
LARISE
Largest movements
- Tangible fixed assets +€290,276
up €290,276 (+95.2%), from €304,869 to €595,145
of which Plant, machinery and equipment: +€199,373
- Cash -€66,842
down €66,842 (-39.8%), from €168,015 to €101,174
mainly Investment in fixed assets (net) (-€401,115) and Tax, wage and social debts (-€53,675)
- Debts after one year +€180,580
up €180,580 (+318%), from €56,855 to €237,435
- Trade debts +€56,139
up €56,139 (+187%), from €30,086 to €86,225
- Tax, wage and social debts -€53,675
down €53,675 (-78.0%), from €68,840 to €15,165
of which Taxes: -€29,499
- Reserves +€46,012
up €46,012 (+24.6%), from €186,977 to €232,988
- Other debts -€20,792
down €20,792 (-88.8%), from €23,404 to €2,612
- Gross operating margin -€110,180
down €110,180 (-33.7%), from €326,477 to €216,296
- Staff costs -€47,672
down €47,672 (-60.1%), from €79,264 to €31,591
- Taxes -€30,848
down €30,848 (-73.5%), from €41,964 to €11,117
- Depreciation +€28,630
up €28,630 (+34.0%), from €84,209 to €112,839
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 | €502,194 | €725,807 | +€223,613 | +44.5% |
| Fixed assets | 21/28 | €320,869 | €609,145 | +€288,276 | +89.8% |
| Intangible fixed assets | 21 | €16,000 | €14,000 | -€2,000 | -12.5% |
| Tangible fixed assets | 22/27 | €304,869 | €595,145 | +€290,276 | +95.2% |
| Plant, machinery and equipment | 23 | €294,896 | €494,268 | +€199,373 | +67.6% |
| Furniture and vehicles | 24 | €9,974 | €100,877 | +€90,904 | +911% |
| Current assets | 29/58 | €181,324 | €116,661 | -€64,663 | -35.7% |
| Stocks and contracts in progress | 3 | €5,495 | €11,629 | +€6,134 | +112% |
| Stocks | 30/36 | €5,495 | €11,629 | +€6,134 | +112% |
| Amounts receivable within one year | 40/41 | €7,814 | €3,858 | -€3,956 | -50.6% |
| Trade receivables | 40 | €7,176 | €1,617 | -€5,559 | -77.5% |
| Other amounts receivable | 41 | €638 | €2,242 | +€1,604 | +251% |
| Cash at bank and in hand | 54/58 | €168,015 | €101,174 | -€66,842 | -39.8% |
| Total equity and liabilities | 10/49 | €502,194 | €725,807 | +€223,613 | +44.5% |
| Equity | 10/15 | €191,977 | €237,988 | +€46,012 | +24.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €186,977 | €232,988 | +€46,012 | +24.6% |
| Distributable reserves | 133 | €186,977 | €232,988 | +€46,012 | +24.6% |
| Amounts payable | 17/49 | €310,217 | €487,818 | +€177,601 | +57.3% |
| Amounts payable after more than one year | 17 | €56,855 | €237,435 | +€180,580 | +318% |
| Financial debts | 170/4 | €56,855 | €237,435 | +€180,580 | +318% |
| Amounts payable within one year | 42/48 | €248,745 | €240,870 | -€7,875 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €45,415 | €55,868 | +€10,453 | +23.0% |
| Financial debts | 43 | €81,000 | €81,000 | = | 0.0% |
| Other loans | 439 | €81,000 | €81,000 | = | 0.0% |
| Trade debts | 44 | €30,086 | €86,225 | +€56,139 | +187% |
| Suppliers | 440/4 | €30,086 | €86,225 | +€56,139 | +187% |
| Taxes, remuneration and social security | 45 | €68,840 | €15,165 | -€53,675 | -78.0% |
| Taxes | 450/3 | €44,664 | €15,165 | -€29,499 | -66.0% |
| Remuneration and social security | 454/9 | €24,176 | - | -€24,176 | |
| Other amounts payable | 47/48 | €23,404 | €2,612 | -€20,792 | -88.8% |
| Accrued charges and deferred income | 492/3 | €4,617 | €9,513 | +€4,896 | +106% |
| Remuneration, social security and pensions | 62 | €79,264 | €31,591 | -€47,672 | -60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,209 | €112,839 | +€28,630 | +34.0% |
| Other operating charges | 640/8 | €1,897 | €518 | -€1,379 | -72.7% |
| Gross operating margin | 9900 | €326,477 | €216,296 | -€110,180 | -33.7% |
| Operating profit (loss) | 9901 | €161,107 | €71,348 | -€89,759 | -55.7% |
| Financial income | 75/76B | €141 | €601 | +€459 | +325% |
| Recurring financial income | 75 | €141 | €601 | +€459 | +325% |
| Financial charges | 65/66B | €13,614 | €14,820 | +€1,206 | +8.9% |
| Recurring financial charges | 65 | €13,614 | €14,820 | +€1,206 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €147,635 | €57,129 | -€90,506 | -61.3% |
| Income taxes | 67/77 | €41,964 | €11,117 | -€30,848 | -73.5% |
| Profit (loss) for the period | 9904 | €105,670 | €46,012 | -€59,658 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €105,670 | €46,012 | -€59,658 | -56.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.