LARIX: 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.
LARIX
Largest movements
- Tangible fixed assets -€101,414
down €101,414 (-19.5%), from €521,063 to €419,649
of which Plant, machinery and equipment: -€61,148
- Cash +€99,388
up €99,388 (+231%), from €43,103 to €142,491
mainly Depreciation (+€102,857) and Net result for the year (+€93,955)
- Reserves +€93,950
up €93,950 (+54.0%), from €174,054 to €268,004
- Other debts -€73,558
down €73,558 (-99.9%), from €73,624 to €65
- Debts after one year -€32,244
down €32,244 (-16.1%), from €200,492 to €168,248
- Tax, wage and social debts +€9,920
up €9,920 (+47.5%), from €20,882 to €30,802
of which Taxes: +€9,078
- Gross operating margin +€43,068
up €43,068 (+15.5%), from €277,504 to €320,572
- Taxes +€17,015
up €17,015 (+190%), from €8,940 to €25,955
- Staff costs +€14,358
up €14,358 (+21.3%), from €67,452 to €81,809
- Depreciation +€3,820
up €3,820 (+3.9%), from €99,038 to €102,857
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 | €581,296 | €572,123 | -€9,173 | -1.6% |
| Fixed assets | 21/28 | €521,063 | €419,649 | -€101,414 | -19.5% |
| Tangible fixed assets | 22/27 | €521,063 | €419,649 | -€101,414 | -19.5% |
| Land and buildings | 22 | €384,869 | €354,532 | -€30,337 | -7.9% |
| Plant, machinery and equipment | 23 | €104,955 | €43,807 | -€61,148 | -58.3% |
| Furniture and vehicles | 24 | €31,239 | €21,310 | -€9,929 | -31.8% |
| Current assets | 29/58 | €60,233 | €152,474 | +€92,241 | +153% |
| Stocks and contracts in progress | 3 | €1,767 | €1,750 | -€17 | -1.0% |
| Stocks | 30/36 | €1,767 | €1,750 | -€17 | -1.0% |
| Amounts receivable within one year | 40/41 | €9,610 | €4,822 | -€4,787 | -49.8% |
| Trade receivables | 40 | €5,841 | €4,822 | -€1,018 | -17.4% |
| Other amounts receivable | 41 | €3,769 | - | -€3,769 | |
| Cash at bank and in hand | 54/58 | €43,103 | €142,491 | +€99,388 | +231% |
| Deferred charges and accrued income | 490/1 | €5,754 | €3,411 | -€2,343 | -40.7% |
| Total equity and liabilities | 10/49 | €581,296 | €572,123 | -€9,173 | -1.6% |
| Equity | 10/15 | €192,665 | €286,620 | +€93,955 | +48.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174,054 | €268,004 | +€93,950 | +54.0% |
| Distributable reserves | 133 | €174,054 | €268,004 | +€93,950 | +54.0% |
| Profit (loss) carried forward | 14 | €11 | €15 | +€5 | +43.3% |
| Amounts payable | 17/49 | €388,631 | €285,504 | -€103,128 | -26.5% |
| Amounts payable after more than one year | 17 | €200,492 | €168,248 | -€32,244 | -16.1% |
| Financial debts | 170/4 | €200,492 | €168,248 | -€32,244 | -16.1% |
| Amounts payable within one year | 42/48 | €182,656 | €114,725 | -€67,931 | -37.2% |
| Current portion of amounts payable after more than one year | 42 | €31,791 | €32,244 | +€453 | +1.4% |
| Financial debts | 43 | €644 | €800 | +€156 | +24.3% |
| Credit institutions | 430/8 | €644 | €800 | +€156 | +24.3% |
| Trade debts | 44 | €6,019 | €3,846 | -€2,173 | -36.1% |
| Suppliers | 440/4 | €6,019 | €3,846 | -€2,173 | -36.1% |
| Advances received on contracts in progress | 46 | €49,697 | €46,968 | -€2,729 | -5.5% |
| Taxes, remuneration and social security | 45 | €20,882 | €30,802 | +€9,920 | +47.5% |
| Taxes | 450/3 | €9,466 | €18,545 | +€9,078 | +95.9% |
| Remuneration and social security | 454/9 | €11,415 | €12,257 | +€842 | +7.4% |
| Other amounts payable | 47/48 | €73,624 | €65 | -€73,558 | -99.9% |
| Accrued charges and deferred income | 492/3 | €5,483 | €2,530 | -€2,952 | -53.8% |
| Non-recurring operating income | 76A | €5,168 | €3,004 | -€2,164 | -41.9% |
| Remuneration, social security and pensions | 62 | €67,452 | €81,809 | +€14,358 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,038 | €102,857 | +€3,820 | +3.9% |
| Other operating charges | 640/8 | €4,883 | €5,138 | +€255 | +5.2% |
| Non-recurring operating charges | 66A | €1,167 | €4,059 | +€2,892 | +248% |
| Gross operating margin | 9900 | €277,504 | €320,572 | +€43,068 | +15.5% |
| Operating profit (loss) | 9901 | €104,964 | €126,707 | +€21,743 | +20.7% |
| Financial income | 75/76B | €72 | €65 | -€7 | -9.3% |
| Recurring financial income | 75 | €72 | €65 | -€7 | -9.3% |
| Financial charges | 65/66B | €6,694 | €6,863 | +€169 | +2.5% |
| Recurring financial charges | 65 | €6,694 | €6,863 | +€169 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €98,343 | €119,910 | +€21,567 | +21.9% |
| Income taxes | 67/77 | €8,940 | €25,955 | +€17,015 | +190% |
| Profit (loss) for the period | 9904 | €89,403 | €93,955 | +€4,552 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €89,403 | €93,955 | +€4,552 | +5.1% |
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 18 October 2026 via checked.be.