LARKO GROUP: 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.
LARKO GROUP
Largest movements
- Receivables within one year +€238,385
up €238,385 (+267%), from €89,442 to €327,827
of which Trade receivables: +€181,859
- Cash +€57,599
up €57,599 (+161%), from €35,803 to €93,402
mainly Net result for the year (+€106,230) and Tax, wage and social debts (+€103,094)
- Tangible fixed assets -€8,074
down €8,074 (-8.1%), from €99,538 to €91,464
of which Furniture and vehicles: -€4,247
- Profit (loss) carried forward +€106,230
up €106,230 (+166%), from €64,009 to €170,239
- Tax, wage and social debts +€103,094
up €103,094 (+190%), from €54,365 to €157,460
of which Remuneration and social security: +€55,886
- Trade debts +€72,856
up €72,856 (+114%), from €63,898 to €136,753
- Short-term financial debts +€15,000
new in 2025: €15,000
- Debts after one year -€11,567
down €11,567 (-26.9%), from €42,976 to €31,409
- Gross operating margin +€551,607
up €551,607 (+412%), from €133,877 to €685,484
- Staff costs +€376,991
up €376,991 (+392%), from €96,063 to €473,054
- Taxes +€36,210
up €36,210 (+633%), from €5,719 to €41,928
- Depreciation +€26,013
up €26,013 (+179%), from €14,561 to €40,574
- Other operating charges +€7,379
up €7,379 (+255%), from €2,897 to €10,276
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 | €238,484 | €524,627 | +€286,143 | +120% |
| Fixed assets | 21/28 | €107,888 | €100,914 | -€6,974 | -6.5% |
| Tangible fixed assets | 22/27 | €99,538 | €91,464 | -€8,074 | -8.1% |
| Plant, machinery and equipment | 23 | €28,865 | €25,039 | -€3,827 | -13.3% |
| Furniture and vehicles | 24 | €70,673 | €66,425 | -€4,247 | -6.0% |
| Financial fixed assets | 28 | €8,350 | €9,450 | +€1,100 | +13.2% |
| Current assets | 29/58 | €130,596 | €423,714 | +€293,117 | +224% |
| Amounts receivable within one year | 40/41 | €89,442 | €327,827 | +€238,385 | +267% |
| Trade receivables | 40 | €64,400 | €246,259 | +€181,859 | +282% |
| Other amounts receivable | 41 | €25,042 | €81,568 | +€56,526 | +226% |
| Cash at bank and in hand | 54/58 | €35,803 | €93,402 | +€57,599 | +161% |
| Deferred charges and accrued income | 490/1 | €5,351 | €2,484 | -€2,867 | -53.6% |
| Total equity and liabilities | 10/49 | €238,484 | €524,627 | +€286,143 | +120% |
| Equity | 10/15 | €66,209 | €172,439 | +€106,230 | +160% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,009 | €170,239 | +€106,230 | +166% |
| Amounts payable | 17/49 | €172,275 | €352,189 | +€179,914 | +104% |
| Amounts payable after more than one year | 17 | €42,976 | €31,409 | -€11,567 | -26.9% |
| Financial debts | 170/4 | €42,976 | €31,409 | -€11,567 | -26.9% |
| Amounts payable within one year | 42/48 | €129,299 | €320,780 | +€191,480 | +148% |
| Current portion of amounts payable after more than one year | 42 | €11,036 | €11,567 | +€531 | +4.8% |
| Financial debts | 43 | - | €15,000 | +€15,000 | |
| Credit institutions | 430/8 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €63,898 | €136,753 | +€72,856 | +114% |
| Suppliers | 440/4 | €63,898 | €136,753 | +€72,856 | +114% |
| Taxes, remuneration and social security | 45 | €54,365 | €157,460 | +€103,094 | +190% |
| Taxes | 450/3 | €35,633 | €82,841 | +€47,208 | +132% |
| Remuneration and social security | 454/9 | €18,732 | €74,619 | +€55,886 | +298% |
| Non-recurring operating income | 76A | €59 | - | -€59 | |
| Remuneration, social security and pensions | 62 | €96,063 | €473,054 | +€376,991 | +392% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,561 | €40,574 | +€26,013 | +179% |
| Other operating charges | 640/8 | €2,897 | €10,276 | +€7,379 | +255% |
| Non-recurring operating charges | 66A | €1,609 | €3,544 | +€1,935 | +120% |
| Gross operating margin | 9900 | €133,877 | €685,484 | +€551,607 | +412% |
| Operating profit (loss) | 9901 | €18,746 | €158,036 | +€139,289 | +743% |
| Financial income | 75/76B | €1,024 | - | -€1,024 | |
| Recurring financial income | 75 | €1,024 | - | -€1,024 | |
| Financial charges | 65/66B | €3,852 | €9,878 | +€6,026 | +156% |
| Recurring financial charges | 65 | €3,852 | €9,878 | +€6,026 | +156% |
| Profit (loss) for the period before taxes | 9903 | €15,918 | €148,158 | +€132,240 | +831% |
| Income taxes | 67/77 | €5,719 | €41,928 | +€36,210 | +633% |
| Profit (loss) for the period | 9904 | €10,199 | €106,230 | +€96,030 | +942% |
| Profit (loss) for the period to be appropriated | 9905 | €10,199 | €106,230 | +€96,030 | +942% |
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 25 October 2026 via checked.be.