LARS: 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.
LARS
Largest movements
- Tangible fixed assets -€23,958
down €23,958 (-2.7%), from €884,013 to €860,055
of which Land and buildings: -€23,180
- Profit (loss) carried forward -€22,180
down €22,180 (-59.1%), from -€37,509 to -€59,689
- Debts after one year -€18,633
down €18,633 (-5.5%), from €339,370 to €320,737
- Other operating charges +€7,473
up €7,473 (+197%), from €3,796 to €11,269
- Gross operating margin +€2,089
up €2,089 (+13.8%), from €15,119 to €17,208
- Financial income -€214
no longer reported in 2025 (was €214)
- Financial charges -€204
down €204 (-4.7%), from €4,366 to €4,162
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 | €898,081 | €862,046 | -€36,035 | -4.0% |
| Fixed assets | 21/28 | €884,013 | €860,055 | -€23,958 | -2.7% |
| Tangible fixed assets | 22/27 | €884,013 | €860,055 | -€23,958 | -2.7% |
| Land and buildings | 22 | €882,840 | €859,660 | -€23,180 | -2.6% |
| Furniture and vehicles | 24 | €1,173 | €395 | -€779 | -66.4% |
| Current assets | 29/58 | €14,068 | €1,992 | -€12,076 | -85.8% |
| Amounts receivable within one year | 40/41 | €7,269 | €1,161 | -€6,107 | -84.0% |
| Other amounts receivable | 41 | €7,269 | €1,161 | -€6,107 | -84.0% |
| Cash at bank and in hand | 54/58 | €6,799 | €830 | -€5,969 | -87.8% |
| Total equity and liabilities | 10/49 | €898,081 | €862,046 | -€36,035 | -4.0% |
| Equity | 10/15 | €535,041 | €512,861 | -€22,180 | -4.1% |
| Contributions | 10/11 | €527,500 | €527,500 | = | 0.0% |
| Reserves | 13 | €45,050 | €45,050 | = | 0.0% |
| Distributable reserves | 133 | €45,050 | €45,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,509 | -€59,689 | -€22,180 | -59.1% |
| Amounts payable | 17/49 | €363,040 | €349,186 | -€13,854 | -3.8% |
| Amounts payable after more than one year | 17 | €339,370 | €320,737 | -€18,633 | -5.5% |
| Financial debts | 170/4 | €339,370 | €320,737 | -€18,633 | -5.5% |
| Amounts payable within one year | 42/48 | €19,170 | €26,749 | +€7,579 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | €18,426 | €18,633 | +€207 | +1.1% |
| Trade debts | 44 | €744 | €8,116 | +€7,372 | +991% |
| Suppliers | 440/4 | €744 | €8,116 | +€7,372 | +991% |
| Accrued charges and deferred income | 492/3 | €4,500 | €1,700 | -€2,800 | -62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,065 | €23,958 | -€107 | -0.4% |
| Other operating charges | 640/8 | €3,796 | €11,269 | +€7,473 | +197% |
| Gross operating margin | 9900 | €15,119 | €17,208 | +€2,089 | +13.8% |
| Operating profit (loss) | 9901 | -€12,742 | -€18,019 | -€5,277 | -41.4% |
| Financial income | 75/76B | €214 | - | -€214 | |
| Recurring financial income | 75 | €214 | - | -€214 | |
| Financial charges | 65/66B | €4,366 | €4,162 | -€204 | -4.7% |
| Recurring financial charges | 65 | €4,366 | €4,162 | -€204 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,894 | -€22,180 | -€5,286 | -31.3% |
| Profit (loss) for the period | 9904 | -€16,894 | -€22,180 | -€5,286 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,894 | -€22,180 | -€5,286 | -31.3% |
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 24 October 2026 via checked.be.