LARSO: what changed
LARSO
Largest movements
- Cash +€76,712
up €76,712 (+117,531%), from €65 to €76,778
mainly Trade debts (+€53,194) and Tax, wage and social debts (+€21,834)
- Receivables within one year +€12,502
up €12,502 (+125%), from €10,031 to €22,533
of which Trade receivables: +€9,848
- Stocks and contracts +€1,800
new in 2025: €1,800
- Trade debts +€53,194
up €53,194 (+11,272%), from €472 to €53,666
- Tax, wage and social debts +€21,834
new in 2025: €21,834
of which Remuneration and social security: +€14,923
- Profit (loss) carried forward +€14,509
up €14,509, from -€9,006 to €5,504
- Other debts +€1,478
new in 2025: €1,478
- Gross operating margin +€133,297
up €133,297, from -€1,919 to €131,378
- Staff costs +€109,247
new in 2025: €109,247
- Financial charges +€4,267
up €4,267 (+6,752%), from €63 to €4,331
- Other operating charges +€2,980
new in 2025: €2,980
- Purchases and services -€1,919
no longer reported in 2025 (was €1,919)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,096 | €101,110 | +€91,014 | +901% |
| Current assets | 29/58 | €10,096 | €101,110 | +€91,014 | +901% |
| Stocks and contracts in progress | 3 | - | €1,800 | +€1,800 | |
| Stocks | 30/36 | - | €1,800 | +€1,800 | |
| Amounts receivable within one year | 40/41 | €10,031 | €22,533 | +€12,502 | +125% |
| Trade receivables | 40 | - | €9,848 | +€9,848 | |
| Other amounts receivable | 41 | €10,031 | €12,684 | +€2,654 | +26.5% |
| Cash at bank and in hand | 54/58 | €65 | €76,778 | +€76,712 | +117,531% |
| Total equity and liabilities | 10/49 | €10,096 | €101,110 | +€91,014 | +901% |
| Equity | 10/15 | €9,624 | €24,133 | +€14,509 | +151% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30 | €30 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30 | €30 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30 | €30 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,006 | €5,504 | +€14,509 | |
| Amounts payable | 17/49 | €472 | €76,977 | +€76,505 | +16,212% |
| Amounts payable within one year | 42/48 | €472 | €76,977 | +€76,505 | +16,212% |
| Trade debts | 44 | €472 | €53,666 | +€53,194 | +11,272% |
| Suppliers | 440/4 | €472 | €53,666 | +€53,194 | +11,272% |
| Taxes, remuneration and social security | 45 | - | €21,834 | +€21,834 | |
| Taxes | 450/3 | - | €6,911 | +€6,911 | |
| Remuneration and social security | 454/9 | - | €14,923 | +€14,923 | |
| Other amounts payable | 47/48 | - | €1,478 | +€1,478 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,919 | - | -€1,919 | |
| Remuneration, social security and pensions | 62 | - | €109,247 | +€109,247 | |
| Other operating charges | 640/8 | - | €2,980 | +€2,980 | |
| Non-recurring operating charges | 66A | - | €481 | +€481 | |
| Gross operating margin | 9900 | -€1,919 | €131,378 | +€133,297 | |
| Operating profit (loss) | 9901 | -€1,919 | €18,671 | +€20,589 | |
| Financial income | 75/76B | - | €169 | +€169 | |
| Recurring financial income | 75 | - | €169 | +€169 | |
| Financial charges | 65/66B | €63 | €4,331 | +€4,267 | +6,752% |
| Recurring financial charges | 65 | €63 | €4,331 | +€4,267 | +6,752% |
| Profit (loss) for the period before taxes | 9903 | -€1,982 | €14,509 | +€16,491 | |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€1,982 | €14,509 | +€16,491 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,982 | €14,509 | +€16,491 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.