LaroS: 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.
LaroS
Largest movements
- Intangible fixed assets -€12,750
down €12,750 (-10.7%), from €119,647 to €106,897
- Formation expenses -€11,700
down €11,700 (-20.0%), from €58,500 to €46,800
- Tangible fixed assets -€4,471
down €4,471 (-5.7%), from €78,745 to €74,274
of which Furniture and vehicles: -€6,735
- Debts after one year +€172,447
up €172,447 (+191.8%), from €89,913 to €262,360
of which Other amounts payable: +€190,000
- Other debts -€151,118
down €151,118 (-99.9%), from €151,319 to €201
- Profit (loss) carried forward -€83,725
down €83,725 (-402.4%), from -€20,808 to -€104,533
- Trade debts +€23,267
up €23,267 (+204.4%), from €11,382 to €34,649
- Tax, wage and social debts +€4,882
up €4,882 (+20.3%), from €24,008 to €28,890
of which Taxes: +€2,968
- Staff costs -€27,588
down €27,588 (-24.8%), from €111,363 to €83,775
- Gross operating margin -€26,670
down €26,670 (-35.2%), from €75,773 to €49,103
- Depreciation +€19,589
up €19,589 (+97.6%), from €20,078 to €39,668
- Financial charges -€2,280
down €2,280 (-23.2%), from €9,828 to €7,548
- Taxes -€1,068
down €1,068, from €140 to -€929
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 | €294,633 | €267,395 | -€27,238 | -9.2% |
| Formation expenses | 20 | €58,500 | €46,800 | -€11,700 | -20.0% |
| Fixed assets | 21/28 | €204,497 | €187,171 | -€17,326 | -8.5% |
| Intangible fixed assets | 21 | €119,647 | €106,897 | -€12,750 | -10.7% |
| Tangible fixed assets | 22/27 | €78,745 | €74,274 | -€4,471 | -5.7% |
| Plant, machinery and equipment | 23 | €52,789 | €55,053 | +€2,264 | +4.3% |
| Furniture and vehicles | 24 | €25,956 | €19,221 | -€6,735 | -25.9% |
| Financial fixed assets | 28 | €6,105 | €6,000 | -€105 | -1.7% |
| Current assets | 29/58 | €31,636 | €33,423 | +€1,788 | +5.7% |
| Stocks and contracts in progress | 3 | €15,959 | €16,250 | +€291 | +1.8% |
| Stocks | 30/36 | €15,959 | €16,250 | +€291 | +1.8% |
| Amounts receivable within one year | 40/41 | €1,876 | €4,374 | +€2,497 | +133.1% |
| Trade receivables | 40 | €876 | €2,106 | +€1,230 | +140.4% |
| Other amounts receivable | 41 | €1,000 | €2,268 | +€1,268 | +126.8% |
| Current investments | 50/53 | - | €151 | +€151 | |
| Cash at bank and in hand | 54/58 | €13,801 | €12,367 | -€1,434 | -10.4% |
| Deferred charges and accrued income | 490/1 | - | €282 | +€282 | |
| Total equity and liabilities | 10/49 | €294,633 | €267,395 | -€27,238 | -9.2% |
| Equity | 10/15 | -€808 | -€84,533 | -€83,725 | -10358.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,808 | -€104,533 | -€83,725 | -402.4% |
| Amounts payable | 17/49 | €295,441 | €351,928 | +€56,487 | +19.1% |
| Amounts payable after more than one year | 17 | €89,913 | €262,360 | +€172,447 | +191.8% |
| Financial debts | 170/4 | €89,913 | €72,360 | -€17,553 | -19.5% |
| Other amounts payable | 178/9 | - | €190,000 | +€190,000 | |
| Amounts payable within one year | 42/48 | €203,528 | €85,260 | -€118,268 | -58.1% |
| Current portion of amounts payable after more than one year | 42 | €16,819 | €17,553 | +€734 | +4.4% |
| Financial debts | 43 | - | €3,967 | +€3,967 | |
| Credit institutions | 430/8 | - | €3,967 | +€3,967 | |
| Trade debts | 44 | €11,382 | €34,649 | +€23,267 | +204.4% |
| Suppliers | 440/4 | €11,382 | €34,649 | +€23,267 | +204.4% |
| Taxes, remuneration and social security | 45 | €24,008 | €28,890 | +€4,882 | +20.3% |
| Taxes | 450/3 | €9,207 | €12,174 | +€2,968 | +32.2% |
| Remuneration and social security | 454/9 | €14,802 | €16,716 | +€1,914 | +12.9% |
| Other amounts payable | 47/48 | €151,319 | €201 | -€151,118 | -99.9% |
| Accrued charges and deferred income | 492/3 | €2,000 | €4,309 | +€2,309 | +115.4% |
| Remuneration, social security and pensions | 62 | €111,363 | €83,775 | -€27,588 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,078 | €39,668 | +€19,589 | +97.6% |
| Other operating charges | 640/8 | €3,305 | €2,808 | -€497 | -15.0% |
| Operating charges capitalised as restructuring costs | 649 | -€58,500 | - | +€58,500 | |
| Gross operating margin | 9900 | €75,773 | €49,103 | -€26,670 | -35.2% |
| Operating profit (loss) | 9901 | -€473 | -€77,148 | -€76,675 | -16196.2% |
| Financial income | 75/76B | €55 | €42 | -€13 | -23.9% |
| Recurring financial income | 75 | €55 | €42 | -€13 | -23.9% |
| Financial charges | 65/66B | €9,828 | €7,548 | -€2,280 | -23.2% |
| Recurring financial charges | 65 | €9,828 | €7,548 | -€2,280 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,246 | -€84,654 | -€74,408 | -726.2% |
| Income taxes | 67/77 | €140 | -€929 | -€1,068 | |
| Profit (loss) for the period | 9904 | -€10,386 | -€83,725 | -€73,340 | -706.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,386 | -€83,725 | -€73,340 | -706.2% |
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 9 October 2026 via checked.be.