Lartesta: 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.
Lartesta
Largest movements
- Cash -€35,426
down €35,426 (-48.4%), from €73,200 to €37,775
mainly Contributions, distributions and other (-€222,878) and Tax, wage and social debts (-€12,312)
- Receivables within one year -€6,977
down €6,977 (-31.3%), from €22,315 to €15,338
of which Trade receivables: -€13,788
- Reserves -€175,435
down €175,435 (-75.1%), from €233,582 to €58,146
- Other debts +€105,254
new in 2025: €105,254
- Debts after one year +€19,985
up €19,985 (+35.3%), from €56,600 to €76,585
of which Financial debts: +€76,585
- Current portion of long-term debt +€18,812
new in 2025: €18,812
- Tax, wage and social debts -€12,312
down €12,312 (-22.6%), from €54,583 to €42,271
of which Taxes: -€12,312
- Gross operating margin -€41,857
down €41,857 (-39.6%), from €105,805 to €63,948
- Financial income +€9,366
new in 2025: €9,366
of which Financial income: +€9,366
- Taxes -€5,561
down €5,561 (-19.4%), from €28,737 to €23,176
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 | €347,497 | €304,393 | -€43,104 | -12.4% |
| Fixed assets | 21/28 | €250,000 | €250,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €97,497 | €54,393 | -€43,104 | -44.2% |
| Amounts receivable within one year | 40/41 | €22,315 | €15,338 | -€6,977 | -31.3% |
| Trade receivables | 40 | €22,302 | €8,514 | -€13,788 | -61.8% |
| Other amounts receivable | 41 | €13 | €6,824 | +€6,811 | +51,954% |
| Cash at bank and in hand | 54/58 | €73,200 | €37,775 | -€35,426 | -48.4% |
| Deferred charges and accrued income | 490/1 | €1,982 | €1,281 | -€702 | -35.4% |
| Total equity and liabilities | 10/49 | €347,497 | €304,393 | -€43,104 | -12.4% |
| Equity | 10/15 | €234,582 | €59,146 | -€175,435 | -74.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €233,582 | €58,146 | -€175,435 | -75.1% |
| Distributable reserves | 133 | €233,582 | €58,146 | -€175,435 | -75.1% |
| Amounts payable | 17/49 | €112,916 | €245,247 | +€132,332 | +117% |
| Amounts payable after more than one year | 17 | €56,600 | €76,585 | +€19,985 | +35.3% |
| Financial debts | 170/4 | - | €76,585 | +€76,585 | |
| Other amounts payable | 178/9 | €56,600 | - | -€56,600 | |
| Amounts payable within one year | 42/48 | €56,316 | €168,662 | +€112,346 | +199% |
| Current portion of amounts payable after more than one year | 42 | - | €18,812 | +€18,812 | |
| Trade debts | 44 | €1,733 | €2,325 | +€592 | +34.2% |
| Suppliers | 440/4 | €1,733 | €2,325 | +€592 | +34.2% |
| Taxes, remuneration and social security | 45 | €54,583 | €42,271 | -€12,312 | -22.6% |
| Taxes | 450/3 | €52,833 | €40,521 | -€12,312 | -23.3% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | - | €105,254 | +€105,254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €324 | - | -€324 | |
| Other operating charges | 640/8 | €1,507 | €974 | -€533 | -35.4% |
| Gross operating margin | 9900 | €105,805 | €63,948 | -€41,857 | -39.6% |
| Operating profit (loss) | 9901 | €103,974 | €62,974 | -€41,000 | -39.4% |
| Financial income | 75/76B | - | €9,366 | +€9,366 | |
| Recurring financial income | 75 | - | €9,366 | +€9,366 | |
| Non-recurring financial income | 76B | - | €9,366 | +€9,366 | |
| Financial charges | 65/66B | €734 | €1,722 | +€989 | +135% |
| Recurring financial charges | 65 | €734 | €1,722 | +€989 | +135% |
| Profit (loss) for the period before taxes | 9903 | €103,240 | €70,618 | -€32,623 | -31.6% |
| Income taxes | 67/77 | €28,737 | €23,176 | -€5,561 | -19.4% |
| Profit (loss) for the period | 9904 | €74,504 | €47,442 | -€27,062 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €74,504 | €47,442 | -€27,062 | -36.3% |
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 17 October 2026 via checked.be.