LARO: what changed
Two fiscal 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.
What changed
LARO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€7,959
2024 · €256,614-€264,573
Equity
€556,157
2024 · €564,116-€7,959
Cash
€37,159
2024 · €48,007-€10,847
Balance sheet total
€1.2m
2024 · €1.2m-€35,651
Largest movements
Assets
- Tangible fixed assets -€27,759
down €27,759 (-4.0%), from €694,814 to €667,055
of which Land and buildings: -€27,202
Equity and liabilities
- Debts after one year -€24,213
down €24,213 (-6.2%), from €391,219 to €367,006
Income statement
- Gross operating margin -€348,601
down €348,601 (-89.5%), from €389,356 to €40,755
- Financial income -€3,898
down €3,898 (-28.6%), from €13,629 to €9,731
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.
Result 2024
€256,614
Gross operating margin
-€348,601
Staff costs
+€409
Depreciation
+€436
Other operating charges
+€195
Financial income
-€3,898
Financial charges
+€556
Deferred taxes and other
+€86,331
Result 2025
-€7,959
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.
From operations
+€12,877
Investment
€0
Financing
-€23,724
Cash 2024
€48,007
From operations (derived)
+€12,877
Net result for the year
-€7,959
Depreciation
+€27,759
Receivables within one year
-€2,911
Deferred charges and accrued income
-€45
Provisions
-€1,967
Trade debts
+€113
Tax, wage and social debts
-€3,048
Other debts
+€934
Financing
-€23,724
Debts after one year
-€24,213
Current portion of long-term debt
+€489
Cash 2025
€37,159
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,199,320 | €1,163,669 | -€35,651 | -3.0% |
| Fixed assets | 21/28 | €694,814 | €667,055 | -€27,759 | -4.0% |
| Tangible fixed assets | 22/27 | €694,814 | €667,055 | -€27,759 | -4.0% |
| Land and buildings | 22 | €693,495 | €666,294 | -€27,202 | -3.9% |
| Furniture and vehicles | 24 | €1,319 | €762 | -€557 | -42.3% |
| Current assets | 29/58 | €504,506 | €496,614 | -€7,892 | -1.6% |
| Amounts receivable within one year | 40/41 | €5,289 | €8,199 | +€2,911 | +55.0% |
| Other amounts receivable | 41 | €5,289 | €8,199 | +€2,911 | +55.0% |
| Current investments | 50/53 | €450,000 | €450,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €48,007 | €37,159 | -€10,847 | -22.6% |
| Deferred charges and accrued income | 490/1 | €1,210 | €1,255 | +€45 | +3.7% |
| Total equity and liabilities | 10/49 | €1,199,320 | €1,163,669 | -€35,651 | -3.0% |
| Equity | 10/15 | €564,116 | €556,157 | -€7,959 | -1.4% |
| Contributions | 10/11 | €335,000 | €335,000 | = | 0.0% |
| Capital | 10 | €335,000 | €335,000 | = | 0.0% |
| Issued capital | 100 | €335,000 | €335,000 | = | 0.0% |
| Reserves | 13 | €373,393 | €369,574 | -€3,819 | -1.0% |
| Non-distributable reserves | 130/1 | €994 | €994 | = | 0.0% |
| Legal reserve | 130 | €994 | €994 | = | 0.0% |
| Tax-exempt reserves | 132 | €371,157 | €367,338 | -€3,819 | -1.0% |
| Distributable reserves | 133 | €1,243 | €1,243 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,277 | -€148,417 | -€4,140 | -2.9% |
| Provisions and deferred taxes | 16 | €144,087 | €142,120 | -€1,967 | -1.4% |
| Deferred taxes | 168 | €144,087 | €142,120 | -€1,967 | -1.4% |
| Amounts payable | 17/49 | €491,117 | €465,392 | -€25,725 | -5.2% |
| Amounts payable after more than one year | 17 | €391,219 | €367,006 | -€24,213 | -6.2% |
| Financial debts | 170/4 | €391,219 | €367,006 | -€24,213 | -6.2% |
| Amounts payable within one year | 42/48 | €75,898 | €74,386 | -€1,512 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €23,724 | €24,213 | +€489 | +2.1% |
| Trade debts | 44 | €636 | €750 | +€113 | +17.8% |
| Suppliers | 440/4 | €636 | €750 | +€113 | +17.8% |
| Taxes, remuneration and social security | 45 | €5,353 | €2,306 | -€3,048 | -56.9% |
| Taxes | 450/3 | €3,600 | €0 | -€3,600 | -100.0% |
| Remuneration and social security | 454/9 | €1,753 | €2,306 | +€552 | +31.5% |
| Other amounts payable | 47/48 | €46,184 | €47,118 | +€934 | +2.0% |
| Accrued charges and deferred income | 492/3 | €24,000 | €24,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €10,257 | €9,849 | -€409 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,195 | €27,759 | -€436 | -1.5% |
| Other operating charges | 640/8 | €6,442 | €6,246 | -€195 | -3.0% |
| Gross operating margin | 9900 | €389,356 | €40,755 | -€348,601 | -89.5% |
| Operating profit (loss) | 9901 | €344,462 | -€3,099 | -€347,561 | |
| Financial income | 75/76B | €13,629 | €9,731 | -€3,898 | -28.6% |
| Recurring financial income | 75 | €13,629 | €9,731 | -€3,898 | -28.6% |
| Financial charges | 65/66B | €17,113 | €16,558 | -€556 | -3.2% |
| Recurring financial charges | 65 | €17,113 | €16,558 | -€556 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €340,978 | -€9,926 | -€350,903 | |
| Transfer from deferred taxes | 780 | €1,967 | €1,967 | = | 0.0% |
| Transfer to deferred taxes | 680 | €86,331 | €0 | -€86,331 | -100.0% |
| Profit (loss) for the period | 9904 | €256,614 | -€7,959 | -€264,573 | |
| Transfer from tax-exempt reserves | 789 | €3,819 | €3,819 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €258,991 | €0 | -€258,991 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,442 | -€4,140 | -€5,581 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.