LARRY ART: 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.
LARRY ART
Largest movements
- Cash +€73,170
up €73,170 (+102%), from €71,573 to €144,743
mainly Depreciation (+€88,264) and Net result for the year (+€14,998)
- Tangible fixed assets -€47,337
down €47,337 (-5.3%), from €888,833 to €841,495
of which Land and buildings: -€44,717
- Receivables within one year +€19,559
up €19,559 (+37.5%), from €52,168 to €71,727
of which Trade receivables: +€25,809
- Profit (loss) carried forward +€14,998
up €14,998 (+85.7%), from -€17,499 to -€2,501
- Tax, wage and social debts +€14,650
up €14,650 (+172%), from €8,517 to €23,166
of which Remuneration and social security: +€8,577
- Gross operating margin +€100,343
up €100,343 (+153%), from €65,726 to €166,069
- Staff costs +€45,454
new in 2025: €45,454
- Other operating charges +€7,589
up €7,589 (+82.3%), from €9,216 to €16,805
- Depreciation -€2,226
down €2,226 (-2.5%), from €90,491 to €88,264
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 | €1,145,498 | €1,186,297 | +€40,799 | +3.6% |
| Fixed assets | 21/28 | €888,833 | €841,495 | -€47,337 | -5.3% |
| Tangible fixed assets | 22/27 | €888,833 | €841,495 | -€47,337 | -5.3% |
| Land and buildings | 22 | €791,373 | €746,656 | -€44,717 | -5.7% |
| Plant, machinery and equipment | 23 | €20,861 | €8,787 | -€12,074 | -57.9% |
| Furniture and vehicles | 24 | €76,598 | €86,052 | +€9,454 | +12.3% |
| Current assets | 29/58 | €256,666 | €344,802 | +€88,136 | +34.3% |
| Stocks and contracts in progress | 3 | €132,716 | €127,022 | -€5,694 | -4.3% |
| Stocks | 30/36 | €132,716 | €127,022 | -€5,694 | -4.3% |
| Amounts receivable within one year | 40/41 | €52,168 | €71,727 | +€19,559 | +37.5% |
| Trade receivables | 40 | €45,918 | €71,727 | +€25,809 | +56.2% |
| Other amounts receivable | 41 | €6,250 | €0 | -€6,250 | -100% |
| Cash at bank and in hand | 54/58 | €71,573 | €144,743 | +€73,170 | +102% |
| Deferred charges and accrued income | 490/1 | €209 | €1,310 | +€1,101 | +528% |
| Total equity and liabilities | 10/49 | €1,145,498 | €1,186,297 | +€40,799 | +3.6% |
| Equity | 10/15 | €228,471 | €243,469 | +€14,998 | +6.6% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €175,970 | €175,970 | = | 0.0% |
| Distributable reserves | 133 | €175,970 | €175,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,499 | -€2,501 | +€14,998 | +85.7% |
| Amounts payable | 17/49 | €917,027 | €942,828 | +€25,801 | +2.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €917,027 | €942,828 | +€25,801 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €493 | €0 | -€493 | -100% |
| Trade debts | 44 | €9,132 | €20,982 | +€11,850 | +130% |
| Suppliers | 440/4 | €9,132 | €20,982 | +€11,850 | +130% |
| Taxes, remuneration and social security | 45 | €8,517 | €23,166 | +€14,650 | +172% |
| Taxes | 450/3 | €8,517 | €14,589 | +€6,072 | +71.3% |
| Remuneration and social security | 454/9 | - | €8,577 | +€8,577 | |
| Other amounts payable | 47/48 | €898,885 | €898,680 | -€205 | 0.0% |
| Remuneration, social security and pensions | 62 | - | €45,454 | +€45,454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,491 | €88,264 | -€2,226 | -2.5% |
| Other operating charges | 640/8 | €9,216 | €16,805 | +€7,589 | +82.3% |
| Gross operating margin | 9900 | €65,726 | €166,069 | +€100,343 | +153% |
| Operating profit (loss) | 9901 | -€33,981 | €15,546 | +€49,526 | |
| Financial income | 75/76B | €0 | €58 | +€58 | |
| Recurring financial income | 75 | €0 | €58 | +€58 | |
| Financial charges | 65/66B | €86 | €407 | +€321 | +374% |
| Recurring financial charges | 65 | €86 | €407 | +€321 | +374% |
| Profit (loss) for the period before taxes | 9903 | -€34,067 | €15,197 | +€49,263 | |
| Income taxes | 67/77 | €192 | €199 | +€6 | +3.2% |
| Profit (loss) for the period | 9904 | -€34,259 | €14,998 | +€49,257 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,259 | €14,998 | +€49,257 |
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 31 October 2026 via checked.be.