LARNOU: 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.
LARNOU
Largest movements
- Cash +€45,729
up €45,729 (+289.1%), from €15,820 to €61,549
mainly Net result for the year (+€35,364) and Receivables within one year (+€21,983)
- Receivables within one year -€21,983
down €21,983 (-46.6%), from €47,149 to €25,165
of which Other amounts receivable: -€11,661
- Tangible fixed assets -€4,122
down €4,122 (-1.4%), from €302,258 to €298,135
of which Land and buildings: -€5,729
- Profit (loss) carried forward +€21,156
up €21,156, from -€21,156 to €0
- Debts after one year -€20,821
down €20,821 (-8.0%), from €259,275 to €238,454
of which Trade debts: -€17,640
- Reserves +€14,207
new in 2025: €14,207
- Current portion of long-term debt +€7,077
up €7,077 (+34.5%), from €20,504 to €27,581
- Taxes +€12,041
up €12,041 (+7576.8%), from €159 to €12,200
- Gross operating margin +€8,216
up €8,216 (+14.8%), from €55,461 to €63,676
- Financial charges -€7,460
down €7,460 (-56.4%), from €13,238 to €5,778
- Other operating charges -€7,223
down €7,223 (-84.4%), from €8,559 to €1,336
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 | €365,227 | €384,850 | +€19,623 | +5.4% |
| Fixed assets | 21/28 | €302,258 | €298,135 | -€4,122 | -1.4% |
| Tangible fixed assets | 22/27 | €302,258 | €298,135 | -€4,122 | -1.4% |
| Land and buildings | 22 | €301,208 | €295,479 | -€5,729 | -1.9% |
| Furniture and vehicles | 24 | €1,049 | €2,656 | +€1,606 | +153.1% |
| Current assets | 29/58 | €62,969 | €86,715 | +€23,746 | +37.7% |
| Amounts receivable within one year | 40/41 | €47,149 | €25,165 | -€21,983 | -46.6% |
| Trade receivables | 40 | €26,488 | €16,165 | -€10,323 | -39.0% |
| Other amounts receivable | 41 | €20,661 | €9,000 | -€11,661 | -56.4% |
| Cash at bank and in hand | 54/58 | €15,820 | €61,549 | +€45,729 | +289.1% |
| Total equity and liabilities | 10/49 | €365,227 | €384,850 | +€19,623 | +5.4% |
| Equity | 10/15 | -€8,756 | €26,607 | +€35,364 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | - | €14,207 | +€14,207 | |
| Distributable reserves | 133 | - | €14,207 | +€14,207 | |
| Profit (loss) carried forward | 14 | -€21,156 | €0 | +€21,156 | |
| Amounts payable | 17/49 | €373,983 | €358,243 | -€15,740 | -4.2% |
| Amounts payable after more than one year | 17 | €259,275 | €238,454 | -€20,821 | -8.0% |
| Financial debts | 170/4 | €241,634 | €238,454 | -€3,181 | -1.3% |
| Trade debts | 175 | €17,640 | - | -€17,640 | |
| Amounts payable within one year | 42/48 | €114,708 | €119,789 | +€5,081 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €20,504 | €27,581 | +€7,077 | +34.5% |
| Trade debts | 44 | €5,100 | €4,633 | -€467 | -9.2% |
| Suppliers | 440/4 | €5,100 | €4,633 | -€467 | -9.2% |
| Taxes, remuneration and social security | 45 | €6,392 | €7,363 | +€971 | +15.2% |
| Taxes | 450/3 | €6,392 | €7,363 | +€971 | +15.2% |
| Other amounts payable | 47/48 | €82,713 | €80,213 | -€2,500 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,475 | €8,999 | -€477 | -5.0% |
| Other operating charges | 640/8 | €8,559 | €1,336 | -€7,223 | -84.4% |
| Gross operating margin | 9900 | €55,461 | €63,676 | +€8,216 | +14.8% |
| Operating profit (loss) | 9901 | €37,426 | €53,342 | +€15,916 | +42.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €13,238 | €5,778 | -€7,460 | -56.4% |
| Recurring financial charges | 65 | €13,238 | €5,778 | -€7,460 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | €24,188 | €47,564 | +€23,375 | +96.6% |
| Income taxes | 67/77 | €159 | €12,200 | +€12,041 | +7576.8% |
| Profit (loss) for the period | 9904 | €24,030 | €35,364 | +€11,334 | +47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,030 | €35,364 | +€11,334 | +47.2% |
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 11 October 2026 via checked.be.