LAROCO: 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.
LAROCO
Largest movements
- Receivables within one year +€22,200
up €22,200 (+602%), from €3,689 to €25,889
of which Trade receivables: +€23,522
- Tangible fixed assets -€7,274
down €7,274 (-56.3%), from €12,918 to €5,644
- Cash -€5,490
down €5,490 (-20.0%), from €27,478 to €21,988
mainly Receivables within one year (-€22,200) and Debts after one year (-€16,878)
- Reserves +€23,142
up €23,142 (+17.2%), from €134,205 to €157,347
of which Distributable reserves: +€23,142
- Debts after one year -€16,878
down €16,878 (-30.0%), from €56,172 to €39,294
- Tax, wage and social debts +€11,055
up €11,055 (+140%), from €7,896 to €18,951
- Other debts -€8,561
down €8,561 (-46.8%), from €18,308 to €9,747
- Gross operating margin +€30,364
up €30,364 (+206%), from €14,738 to €45,102
- Taxes +€10,128
up €10,128 (+791%), from €1,281 to €11,409
- Financial income -€9,928
down €9,928 (-98.8%), from €10,044 to €116
- Financial charges -€878
down €878 (-24.7%), from €3,547 to €2,669
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 | €530,764 | €540,382 | +€9,618 | +1.8% |
| Fixed assets | 21/28 | €498,437 | €491,163 | -€7,274 | -1.5% |
| Tangible fixed assets | 22/27 | €12,918 | €5,644 | -€7,274 | -56.3% |
| Furniture and vehicles | 24 | €12,918 | €5,644 | -€7,274 | -56.3% |
| Financial fixed assets | 28 | €485,519 | €485,519 | = | 0.0% |
| Current assets | 29/58 | €32,327 | €49,219 | +€16,892 | +52.3% |
| Amounts receivable within one year | 40/41 | €3,689 | €25,889 | +€22,200 | +602% |
| Trade receivables | 40 | €678 | €24,200 | +€23,522 | +3,471% |
| Other amounts receivable | 41 | €3,011 | €1,689 | -€1,322 | -43.9% |
| Cash at bank and in hand | 54/58 | €27,478 | €21,988 | -€5,490 | -20.0% |
| Deferred charges and accrued income | 490/1 | €1,160 | €1,342 | +€182 | +15.7% |
| Total equity and liabilities | 10/49 | €530,764 | €540,382 | +€9,618 | +1.8% |
| Equity | 10/15 | €430,880 | €454,022 | +€23,142 | +5.4% |
| Contributions | 10/11 | €296,676 | €296,676 | = | 0.0% |
| Reserves | 13 | €134,205 | €157,347 | +€23,142 | +17.2% |
| Non-distributable reserves | 130/1 | €29,668 | €29,668 | = | 0.0% |
| Reserves not available under the articles | 1311 | €29,668 | €29,668 | = | 0.0% |
| Distributable reserves | 133 | €104,537 | €127,679 | +€23,142 | +22.1% |
| Amounts payable | 17/49 | €99,884 | €86,360 | -€13,524 | -13.5% |
| Amounts payable after more than one year | 17 | €56,172 | €39,294 | -€16,878 | -30.0% |
| Financial debts | 170/4 | €56,172 | €39,294 | -€16,878 | -30.0% |
| Amounts payable within one year | 42/48 | €42,243 | €45,858 | +€3,615 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €15,959 | €16,878 | +€920 | +5.8% |
| Trade debts | 44 | €80 | €281 | +€201 | +251% |
| Suppliers | 440/4 | €80 | €281 | +€201 | +251% |
| Taxes, remuneration and social security | 45 | €7,896 | €18,951 | +€11,055 | +140% |
| Taxes | 450/3 | €7,896 | €18,951 | +€11,055 | +140% |
| Other amounts payable | 47/48 | €18,308 | €9,747 | -€8,561 | -46.8% |
| Accrued charges and deferred income | 492/3 | €1,468 | €1,208 | -€260 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,524 | €7,274 | -€249 | -3.3% |
| Other operating charges | 640/8 | €703 | €724 | +€21 | +3.0% |
| Gross operating margin | 9900 | €14,738 | €45,102 | +€30,364 | +206% |
| Operating profit (loss) | 9901 | €6,512 | €37,104 | +€30,592 | +470% |
| Financial income | 75/76B | €10,044 | €116 | -€9,928 | -98.8% |
| Recurring financial income | 75 | €10,044 | €116 | -€9,928 | -98.8% |
| Financial charges | 65/66B | €3,547 | €2,669 | -€878 | -24.7% |
| Recurring financial charges | 65 | €3,547 | €2,669 | -€878 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €13,009 | €34,550 | +€21,541 | +166% |
| Income taxes | 67/77 | €1,281 | €11,409 | +€10,128 | +791% |
| Profit (loss) for the period | 9904 | €11,728 | €23,142 | +€11,413 | +97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,728 | €23,142 | +€11,413 | +97.3% |
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 29 October 2026 via checked.be.