LARO Services: 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.
LARO Services
Largest movements
- Tangible fixed assets +€49,781
up €49,781 (+752.6%), from €6,614 to €56,396
of which Land and buildings: +€34,326
- Cash -€40,777
down €40,777 (-83.9%), from €48,607 to €7,830
mainly Investment in fixed assets (net) (-€51,914) and Contributions, distributions and other (-€27,144)
- Receivables within one year -€6,743
down €6,743 (-14.8%), from €45,430 to €38,687
of which Trade receivables: -€6,837
- Debts after one year +€34,068
new in 2024: €34,068
- Trade debts -€23,269
down €23,269 (-94.6%), from €24,595 to €1,327
of which Suppliers: -€19,705
- Reserves -€11,887
down €11,887 (-21.5%), from €55,242 to €43,355
- Current portion of long-term debt +€7,350
new in 2024: €7,350
- Tax, wage and social debts -€3,455
down €3,455 (-22.0%), from €15,680 to €12,225
- Gross operating margin -€12,011
down €12,011 (-24.1%), from €49,915 to €37,904
- Taxes +€2,754
up €2,754 (+26.1%), from €10,555 to €13,309
- Other operating charges +€2,688
up €2,688 (+228.0%), from €1,179 to €3,867
- Financial charges -€1,541
down €1,541 (-29.6%), from €5,215 to €3,673
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,018 | €109,635 | +€1,617 | +1.5% |
| Fixed assets | 21/28 | €6,614 | €56,396 | +€49,781 | +752.6% |
| Tangible fixed assets | 22/27 | €6,614 | €56,396 | +€49,781 | +752.6% |
| Land and buildings | 22 | - | €34,326 | +€34,326 | |
| Plant, machinery and equipment | 23 | €997 | €2,777 | +€1,780 | +178.5% |
| Furniture and vehicles | 24 | €1,547 | €5,983 | +€4,435 | +286.6% |
| Other tangible fixed assets | 26 | €4,070 | €3,646 | -€424 | -10.4% |
| Assets under construction and advance payments | 27 | - | €9,664 | +€9,664 | |
| Current assets | 29/58 | €101,404 | €53,239 | -€48,165 | -47.5% |
| Stocks and contracts in progress | 3 | €5,697 | €5,809 | +€112 | +2.0% |
| Stocks | 30/36 | €5,697 | €5,809 | +€112 | +2.0% |
| Amounts receivable within one year | 40/41 | €45,430 | €38,687 | -€6,743 | -14.8% |
| Trade receivables | 40 | €32,808 | €25,970 | -€6,837 | -20.8% |
| Other amounts receivable | 41 | €12,623 | €12,717 | +€94 | +0.7% |
| Cash at bank and in hand | 54/58 | €48,607 | €7,830 | -€40,777 | -83.9% |
| Deferred charges and accrued income | 490/1 | €1,670 | €913 | -€757 | -45.3% |
| Total equity and liabilities | 10/49 | €108,018 | €109,635 | +€1,617 | +1.5% |
| Equity | 10/15 | €65,242 | €53,355 | -€11,887 | -18.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €55,242 | €43,355 | -€11,887 | -21.5% |
| Distributable reserves | 133 | €55,242 | €43,355 | -€11,887 | -21.5% |
| Amounts payable | 17/49 | €42,776 | €56,280 | +€13,504 | +31.6% |
| Amounts payable after more than one year | 17 | - | €34,068 | +€34,068 | |
| Financial debts | 170/4 | - | €34,068 | +€34,068 | |
| Amounts payable within one year | 42/48 | €42,776 | €21,673 | -€21,102 | -49.3% |
| Current portion of amounts payable after more than one year | 42 | - | €7,350 | +€7,350 | |
| Trade debts | 44 | €24,595 | €1,327 | -€23,269 | -94.6% |
| Suppliers | 440/4 | €21,032 | €1,327 | -€19,705 | -93.7% |
| Bills of exchange payable | 441 | €3,563 | - | -€3,563 | |
| Taxes, remuneration and social security | 45 | €15,680 | €12,225 | -€3,455 | -22.0% |
| Taxes | 450/3 | €15,680 | €12,225 | -€3,455 | -22.0% |
| Other amounts payable | 47/48 | €2,500 | €771 | -€1,729 | -69.1% |
| Accrued charges and deferred income | 492/3 | - | €538 | +€538 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,676 | €2,133 | +€457 | +27.3% |
| Other operating charges | 640/8 | €1,179 | €3,867 | +€2,688 | +228.0% |
| Gross operating margin | 9900 | €49,915 | €37,904 | -€12,011 | -24.1% |
| Operating profit (loss) | 9901 | €47,060 | €31,905 | -€15,156 | -32.2% |
| Financial income | 75/76B | €584 | €335 | -€249 | -42.7% |
| Recurring financial income | 75 | €584 | €335 | -€249 | -42.7% |
| Financial charges | 65/66B | €5,215 | €3,673 | -€1,541 | -29.6% |
| Recurring financial charges | 65 | €5,215 | €3,673 | -€1,541 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €42,430 | €28,566 | -€13,864 | -32.7% |
| Income taxes | 67/77 | €10,555 | €13,309 | +€2,754 | +26.1% |
| Profit (loss) for the period | 9904 | €31,875 | €15,257 | -€16,618 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,875 | €15,257 | -€16,618 | -52.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.