LARON: 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.
LARON
Largest movements
- Current investments +€51,267
up €51,267 (+104%), from €49,074 to €100,341
- Tangible fixed assets -€49,997
down €49,997 (-11.5%), from €434,599 to €384,602
of which Land and buildings: -€31,622
- Reserves +€47,113
new in 2025: €47,113
- Debts after one year -€26,376
down €26,376 (-6.1%), from €434,260 to €407,884
- Profit (loss) carried forward -€23,499
no longer reported in 2025 (was €23,499)
- Other debts +€5,000
up €5,000 (+348%), from €1,435 to €6,435
- Gross operating margin +€29,876
up €29,876 (+45.0%), from €66,434 to €96,310
- Depreciation +€10,265
up €10,265 (+25.8%), from €39,732 to €49,997
- Taxes +€6,525
up €6,525 (+688%), from €948 to €7,473
- Financial income +€2,453
up €2,453 (+2,011%), from €122 to €2,575
- Other operating charges +€1,791
up €1,791 (+118%), from €1,516 to €3,307
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 | €495,663 | €498,667 | +€3,004 | +0.6% |
| Fixed assets | 21/28 | €441,534 | €391,537 | -€49,997 | -11.3% |
| Tangible fixed assets | 22/27 | €434,599 | €384,602 | -€49,997 | -11.5% |
| Land and buildings | 22 | €358,661 | €327,039 | -€31,622 | -8.8% |
| Furniture and vehicles | 24 | €75,938 | €57,563 | -€18,375 | -24.2% |
| Financial fixed assets | 28 | €6,935 | €6,935 | = | 0.0% |
| Current assets | 29/58 | €54,129 | €107,130 | +€53,001 | +97.9% |
| Current investments | 50/53 | €49,074 | €100,341 | +€51,267 | +104% |
| Cash at bank and in hand | 54/58 | €3,484 | €5,096 | +€1,612 | +46.3% |
| Deferred charges and accrued income | 490/1 | €1,571 | €1,693 | +€122 | +7.8% |
| Total equity and liabilities | 10/49 | €495,663 | €498,667 | +€3,004 | +0.6% |
| Equity | 10/15 | €23,999 | €47,613 | +€23,614 | +98.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | - | €47,113 | +€47,113 | |
| Distributable reserves | 133 | - | €47,113 | +€47,113 | |
| Profit (loss) carried forward | 14 | €23,499 | - | -€23,499 | |
| Amounts payable | 17/49 | €471,664 | €451,054 | -€20,610 | -4.4% |
| Amounts payable after more than one year | 17 | €434,260 | €407,884 | -€26,376 | -6.1% |
| Financial debts | 170/4 | €434,260 | €407,884 | -€26,376 | -6.1% |
| Amounts payable within one year | 42/48 | €35,304 | €40,352 | +€5,048 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €31,147 | €26,376 | -€4,771 | -15.3% |
| Trade debts | 44 | €122 | €735 | +€613 | +502% |
| Suppliers | 440/4 | €122 | €735 | +€613 | +502% |
| Taxes, remuneration and social security | 45 | €2,600 | €6,806 | +€4,206 | +162% |
| Taxes | 450/3 | €2,600 | €6,806 | +€4,206 | +162% |
| Other amounts payable | 47/48 | €1,435 | €6,435 | +€5,000 | +348% |
| Accrued charges and deferred income | 492/3 | €2,100 | €2,818 | +€718 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,732 | €49,997 | +€10,265 | +25.8% |
| Other operating charges | 640/8 | €1,516 | €3,307 | +€1,791 | +118% |
| Gross operating margin | 9900 | €66,434 | €96,310 | +€29,876 | +45.0% |
| Operating profit (loss) | 9901 | €25,186 | €43,006 | +€17,820 | +70.8% |
| Financial income | 75/76B | €122 | €2,575 | +€2,453 | +2,011% |
| Recurring financial income | 75 | €122 | €2,575 | +€2,453 | +2,011% |
| Financial charges | 65/66B | €12,909 | €14,494 | +€1,585 | +12.3% |
| Recurring financial charges | 65 | €12,909 | €14,494 | +€1,585 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €12,399 | €31,087 | +€18,688 | +151% |
| Income taxes | 67/77 | €948 | €7,473 | +€6,525 | +688% |
| Profit (loss) for the period | 9904 | €11,451 | €23,614 | +€12,163 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €11,451 | €23,614 | +€12,163 | +106% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.