Laru: what changed
Two fiscal 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.
Laru
Largest movements
- Cash +€24,049
up €24,049 (+166.3%), from €14,465 to €38,514
mainly Net result for the year (+€46,008) and Depreciation (+€39,217)
- Deferred charges and accrued income +€17,078
up €17,078 (+231.9%), from €7,366 to €24,444
- Tangible fixed assets +€8,437
up €8,437 (+3.3%), from €252,908 to €261,346
of which Other tangible fixed assets: +€15,266
- Intangible fixed assets -€6,323
down €6,323 (-30.1%), from €21,003 to €14,681
- Profit (loss) carried forward +€46,008
up €46,008 (+70.3%), from -€65,414 to -€19,406
- Tax, wage and social debts +€15,831
up €15,831 (+132.8%), from €11,918 to €27,749
- Trade debts -€9,815
down €9,815 (-68.1%), from €14,414 to €4,598
- Current portion of long-term debt +€8,767
up €8,767 (+20.7%), from €42,331 to €51,098
- Accrued charges and deferred income -€6,813
no longer reported in 2025 (was €6,813)
- Gross operating margin +€39,422
up €39,422 (+46.2%), from €85,405 to €124,828
- Taxes +€13,939
up €13,939 (+267.5%), from €5,210 to €19,149
- Financial charges +€2,736
up €2,736 (+17.4%), from €15,706 to €18,442
of which Non-recurring financial charges: +€5,143
- Depreciation -€1,373
down €1,373 (-3.4%), from €40,589 to €39,217
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 | €331,773 | €378,782 | +€47,009 | +14.2% |
| Fixed assets | 21/28 | €273,912 | €276,026 | +€2,115 | +0.8% |
| Intangible fixed assets | 21 | €21,003 | €14,681 | -€6,323 | -30.1% |
| Tangible fixed assets | 22/27 | €252,908 | €261,346 | +€8,437 | +3.3% |
| Land and buildings | 22 | €234,986 | €213,088 | -€21,898 | -9.3% |
| Plant, machinery and equipment | 23 | €2,068 | €12,799 | +€10,732 | +519.0% |
| Furniture and vehicles | 24 | €13,205 | €5,297 | -€7,908 | -59.9% |
| Leasing and similar rights | 25 | - | €12,246 | +€12,246 | |
| Other tangible fixed assets | 26 | €2,649 | €17,916 | +€15,266 | +576.2% |
| Current assets | 29/58 | €57,861 | €102,756 | +€44,894 | +77.6% |
| Stocks and contracts in progress | 3 | €6,592 | €6,592 | = | 0.0% |
| Stocks | 30/36 | €6,592 | €6,592 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,438 | €33,205 | +€3,767 | +12.8% |
| Trade receivables | 40 | €24,648 | €25,059 | +€411 | +1.7% |
| Other amounts receivable | 41 | €4,790 | €8,146 | +€3,356 | +70.1% |
| Cash at bank and in hand | 54/58 | €14,465 | €38,514 | +€24,049 | +166.3% |
| Deferred charges and accrued income | 490/1 | €7,366 | €24,444 | +€17,078 | +231.9% |
| Total equity and liabilities | 10/49 | €331,773 | €378,782 | +€47,009 | +14.2% |
| Equity | 10/15 | -€64,890 | -€18,883 | +€46,008 | +70.9% |
| Contributions | 10/11 | €476 | €476 | = | 0.0% |
| Reserves | 13 | €48 | €48 | = | 0.0% |
| Distributable reserves | 133 | €48 | €48 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,414 | -€19,406 | +€46,008 | +70.3% |
| Amounts payable | 17/49 | €396,664 | €397,665 | +€1,001 | +0.3% |
| Amounts payable after more than one year | 17 | €314,572 | €314,220 | -€352 | -0.1% |
| Financial debts | 170/4 | €314,572 | €314,220 | -€352 | -0.1% |
| Amounts payable within one year | 42/48 | €75,279 | €83,445 | +€8,167 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €42,331 | €51,098 | +€8,767 | +20.7% |
| Trade debts | 44 | €14,414 | €4,598 | -€9,815 | -68.1% |
| Suppliers | 440/4 | €14,414 | €4,598 | -€9,815 | -68.1% |
| Taxes, remuneration and social security | 45 | €11,918 | €27,749 | +€15,831 | +132.8% |
| Taxes | 450/3 | €11,918 | €27,749 | +€15,831 | +132.8% |
| Other amounts payable | 47/48 | €6,615 | - | -€6,615 | |
| Accrued charges and deferred income | 492/3 | €6,813 | - | -€6,813 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,589 | €39,217 | -€1,373 | -3.4% |
| Other operating charges | 640/8 | €2,681 | €2,632 | -€49 | -1.8% |
| Gross operating margin | 9900 | €85,405 | €124,828 | +€39,422 | +46.2% |
| Operating profit (loss) | 9901 | €42,135 | €82,979 | +€40,844 | +96.9% |
| Financial income | 75/76B | - | €619 | +€619 | |
| Recurring financial income | 75 | - | €619 | +€619 | |
| Financial charges | 65/66B | €15,706 | €18,442 | +€2,736 | +17.4% |
| Recurring financial charges | 65 | €15,706 | €13,299 | -€2,407 | -15.3% |
| Non-recurring financial charges | 66B | - | €5,143 | +€5,143 | |
| Profit (loss) for the period before taxes | 9903 | €26,429 | €65,156 | +€38,728 | +146.5% |
| Income taxes | 67/77 | €5,210 | €19,149 | +€13,939 | +267.5% |
| Profit (loss) for the period | 9904 | €21,219 | €46,008 | +€24,789 | +116.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,219 | €46,008 | +€24,789 | +116.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.