LARSBY: 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.
LARSBY
Largest movements
- Current investments -€966,154
down €966,154 (-56.1%), from €1.7m to €756,141
- Receivables within one year +€442,055
up €442,055 (+156.2%), from €283,061 to €725,116
of which Other amounts receivable: +€550,255
- Cash -€148,388
down €148,388 (-81.2%), from €182,760 to €34,372
mainly Contributions, distributions and other (-€500,000) and Receivables within one year (-€442,055)
- Reserves -€499,565
down €499,565 (-10.4%), from €4.8m to €4.3m
of which Distributable reserves: -€387,065
- Tax, wage and social debts -€423,822
down €423,822 (-98.5%), from €430,421 to €6,600
of which Taxes: -€423,822
- Other debts +€280,000
up €280,000 (+1779.2%), from €15,737 to €295,737
- Financial income -€404,155
down €404,155 (-77.2%), from €523,283 to €119,129
- Gross operating margin -€77,478
down €77,478 (-152.0%), from -€50,979 to -€128,457
- Financial charges -€18,599
down €18,599, from €0 to -€18,599
- Staff costs -€9,981
down €9,981 (-79.8%), from €12,506 to €2,525
- Depreciation +€5,250
new in 2025: €5,250
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 | €10,367,997 | €9,688,056 | -€679,941 | -6.6% |
| Fixed assets | 21/28 | €8,177,677 | €8,172,427 | -€5,250 | -0.1% |
| Tangible fixed assets | 22/27 | €52,500 | €47,250 | -€5,250 | -10.0% |
| Plant, machinery and equipment | 23 | €52,500 | €47,250 | -€5,250 | -10.0% |
| Financial fixed assets | 28 | €8,125,177 | €8,125,177 | = | 0.0% |
| Current assets | 29/58 | €2,190,320 | €1,515,629 | -€674,691 | -30.8% |
| Amounts receivable within one year | 40/41 | €283,061 | €725,116 | +€442,055 | +156.2% |
| Trade receivables | 40 | €171,456 | €63,256 | -€108,200 | -63.1% |
| Other amounts receivable | 41 | €111,605 | €661,860 | +€550,255 | +493.0% |
| Current investments | 50/53 | €1,722,295 | €756,141 | -€966,154 | -56.1% |
| Cash at bank and in hand | 54/58 | €182,760 | €34,372 | -€148,388 | -81.2% |
| Deferred charges and accrued income | 490/1 | €2,203 | €0 | -€2,203 | -100.0% |
| Total equity and liabilities | 10/49 | €10,367,997 | €9,688,056 | -€679,941 | -6.6% |
| Equity | 10/15 | €9,854,569 | €9,355,004 | -€499,565 | -5.1% |
| Contributions | 10/11 | €828,371 | €828,371 | = | 0.0% |
| Capital | 10 | €828,371 | €828,371 | = | 0.0% |
| Issued capital | 100 | €828,371 | €828,371 | = | 0.0% |
| Reserves | 13 | €4,782,487 | €4,282,923 | -€499,565 | -10.4% |
| Non-distributable reserves | 130/1 | €509,269 | €509,269 | = | 0.0% |
| Legal reserve | 130 | €509,269 | €509,269 | = | 0.0% |
| Tax-exempt reserves | 132 | €112,500 | €0 | -€112,500 | -100.0% |
| Distributable reserves | 133 | €4,160,719 | €3,773,654 | -€387,065 | -9.3% |
| Profit (loss) carried forward | 14 | €4,243,711 | €4,243,711 | = | 0.0% |
| Amounts payable | 17/49 | €513,428 | €333,051 | -€180,376 | -35.1% |
| Amounts payable within one year | 42/48 | €513,428 | €333,051 | -€180,376 | -35.1% |
| Trade debts | 44 | €67,269 | €30,715 | -€36,555 | -54.3% |
| Suppliers | 440/4 | €67,269 | €30,715 | -€36,555 | -54.3% |
| Taxes, remuneration and social security | 45 | €430,421 | €6,600 | -€423,822 | -98.5% |
| Taxes | 450/3 | €430,421 | €6,600 | -€423,822 | -98.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €15,737 | €295,737 | +€280,000 | +1779.2% |
| Remuneration, social security and pensions | 62 | €12,506 | €2,525 | -€9,981 | -79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,250 | +€5,250 | |
| Other operating charges | 640/8 | €1,104 | €1,060 | -€44 | -3.9% |
| Gross operating margin | 9900 | -€50,979 | -€128,457 | -€77,478 | -152.0% |
| Operating profit (loss) | 9901 | -€64,589 | -€137,293 | -€72,704 | -112.6% |
| Financial income | 75/76B | €523,283 | €119,129 | -€404,155 | -77.2% |
| Recurring financial income | 75 | €523,283 | €119,129 | -€404,155 | -77.2% |
| Financial charges | 65/66B | €0 | -€18,599 | -€18,599 | |
| Recurring financial charges | 65 | €0 | -€18,599 | -€18,599 | |
| Profit (loss) for the period before taxes | 9903 | €458,694 | €435 | -€458,259 | -99.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €458,694 | €435 | -€458,259 | -99.9% |
| Transfer from tax-exempt reserves | 789 | - | €112,500 | +€112,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €458,694 | €112,935 | -€345,759 | -75.4% |
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 12 October 2026 via checked.be.