Larmit Infra: what changed
Larmit Infra
Largest movements
- Receivables within one year +€72,495
up €72,495 (+9.6%), from €757,102 to €829,597
of which Trade receivables: +€63,943
- Cash +€19,858
up €19,858 (+110%), from €18,017 to €37,875
mainly Net result for the year (+€94,927) and Trade debts (+€47,009)
- Reserves +€94,927
up €94,927 (+21.0%), from €451,425 to €546,352
of which Distributable reserves: +€94,927
- Trade debts +€47,009
up €47,009 (+15.9%), from €295,907 to €342,915
- Current portion of long-term debt -€45,876
down €45,876 (-84.3%), from €54,413 to €8,537
- Taxes -€41,476
down €41,476 (-89.9%), from €46,156 to €4,680
- Gross operating margin -€26,438
down €26,438 (-16.7%), from €158,296 to €131,858
- Financial charges -€4,719
down €4,719 (-50.9%), from €9,274 to €4,555
- Depreciation +€3,380
up €3,380 (+14.1%), from €24,026 to €27,406
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €842,112 | €937,288 | +€95,175 | +11.3% |
| Fixed assets | 21/28 | €64,737 | €63,442 | -€1,295 | -2.0% |
| Tangible fixed assets | 22/27 | €64,737 | €63,442 | -€1,295 | -2.0% |
| Plant, machinery and equipment | 23 | €47,500 | €53,341 | +€5,841 | +12.3% |
| Furniture and vehicles | 24 | €17,237 | €10,101 | -€7,136 | -41.4% |
| Current assets | 29/58 | €777,375 | €873,845 | +€96,470 | +12.4% |
| Amounts receivable within one year | 40/41 | €757,102 | €829,597 | +€72,495 | +9.6% |
| Trade receivables | 40 | €427,743 | €491,686 | +€63,943 | +14.9% |
| Other amounts receivable | 41 | €329,359 | €337,911 | +€8,552 | +2.6% |
| Cash at bank and in hand | 54/58 | €18,017 | €37,875 | +€19,858 | +110% |
| Deferred charges and accrued income | 490/1 | €2,256 | €6,373 | +€4,117 | +182% |
| Total equity and liabilities | 10/49 | €842,112 | €937,288 | +€95,175 | +11.3% |
| Equity | 10/15 | €463,825 | €558,752 | +€94,927 | +20.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €451,425 | €546,352 | +€94,927 | +21.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €451,425 | €546,352 | +€94,927 | +21.0% |
| Amounts payable | 17/49 | €378,287 | €378,535 | +€248 | +0.1% |
| Amounts payable after more than one year | 17 | €26,811 | €18,274 | -€8,537 | -31.8% |
| Financial debts | 170/4 | €26,811 | €18,274 | -€8,537 | -31.8% |
| Amounts payable within one year | 42/48 | €351,476 | €360,261 | +€8,785 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €54,413 | €8,537 | -€45,876 | -84.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €295,907 | €342,915 | +€47,009 | +15.9% |
| Suppliers | 440/4 | €295,907 | €342,915 | +€47,009 | +15.9% |
| Taxes, remuneration and social security | 45 | €1,156 | €8,809 | +€7,653 | +662% |
| Taxes | 450/3 | €1,156 | €8,809 | +€7,653 | +662% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,026 | €27,406 | +€3,380 | +14.1% |
| Other operating charges | 640/8 | €1,841 | €1,472 | -€368 | -20.0% |
| Gross operating margin | 9900 | €158,296 | €131,858 | -€26,438 | -16.7% |
| Operating profit (loss) | 9901 | €132,429 | €102,979 | -€29,449 | -22.2% |
| Financial income | 75/76B | €700 | €1,182 | +€482 | +68.9% |
| Recurring financial income | 75 | €700 | €1,182 | +€482 | +68.9% |
| Financial charges | 65/66B | €9,274 | €4,555 | -€4,719 | -50.9% |
| Recurring financial charges | 65 | €9,274 | €4,555 | -€4,719 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €123,855 | €99,607 | -€24,248 | -19.6% |
| Income taxes | 67/77 | €46,156 | €4,680 | -€41,476 | -89.9% |
| Profit (loss) for the period | 9904 | €77,699 | €94,927 | +€17,228 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €77,699 | €94,927 | +€17,228 | +22.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.