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 +€79,103
up €79,103 (+26.7%), from €295,744 to €374,848
mainly Net result for the year (+€93,464) and Depreciation (+€21,322)
- Receivables within one year -€9,148
down €9,148 (-10.9%), from €84,257 to €75,110
of which Other amounts receivable: -€7,195
- Reserves +€61,714
up €61,714 (+9.0%), from €684,484 to €746,198
- Other debts +€17,259
up €17,259 (+133.2%), from €12,961 to €30,220
- Tax, wage and social debts -€16,914
down €16,914 (-49.0%), from €34,484 to €17,570
- Trade debts +€16,144
up €16,144 (+48891.0%), from €33 to €16,177
- Current portion of long-term debt -€8,741
no longer reported in 2025 (was €8,741)
- Gross operating margin -€104,945
down €104,945 (-40.5%), from €258,934 to €153,989
- Taxes -€34,002
down €34,002 (-46.2%), from €73,657 to €39,654
- Depreciation +€4,474
up €4,474 (+26.6%), from €16,847 to €21,322
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 | €781,869 | €851,039 | +€69,170 | +8.8% |
| Fixed assets | 21/28 | €397,234 | €391,033 | -€6,200 | -1.6% |
| Tangible fixed assets | 22/27 | €397,184 | €390,983 | -€6,200 | -1.6% |
| Land and buildings | 22 | €396,392 | €379,754 | -€16,638 | -4.2% |
| Furniture and vehicles | 24 | €792 | €11,229 | +€10,437 | +1317.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €384,635 | €460,006 | +€75,371 | +19.6% |
| Amounts receivable within one year | 40/41 | €84,257 | €75,110 | -€9,148 | -10.9% |
| Trade receivables | 40 | €54,535 | €52,583 | -€1,952 | -3.6% |
| Other amounts receivable | 41 | €29,722 | €22,527 | -€7,195 | -24.2% |
| Cash at bank and in hand | 54/58 | €295,744 | €374,848 | +€79,103 | +26.7% |
| Deferred charges and accrued income | 490/1 | €4,634 | €10,048 | +€5,415 | +116.9% |
| Total equity and liabilities | 10/49 | €781,869 | €851,039 | +€69,170 | +8.8% |
| Equity | 10/15 | €725,358 | €787,072 | +€61,714 | +8.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €684,484 | €746,198 | +€61,714 | +9.0% |
| Distributable reserves | 133 | €684,484 | €746,198 | +€61,714 | +9.0% |
| Profit (loss) carried forward | 14 | €20,414 | €20,414 | = | 0.0% |
| Amounts payable | 17/49 | €56,511 | €63,967 | +€7,456 | +13.2% |
| Amounts payable within one year | 42/48 | €56,511 | €63,967 | +€7,456 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €8,741 | - | -€8,741 | |
| Financial debts | 43 | €292 | - | -€292 | |
| Credit institutions | 430/8 | €292 | - | -€292 | |
| Trade debts | 44 | €33 | €16,177 | +€16,144 | +48891.0% |
| Suppliers | 440/4 | €33 | €16,177 | +€16,144 | +48891.0% |
| Taxes, remuneration and social security | 45 | €34,484 | €17,570 | -€16,914 | -49.0% |
| Taxes | 450/3 | €34,484 | €17,570 | -€16,914 | -49.0% |
| Other amounts payable | 47/48 | €12,961 | €30,220 | +€17,259 | +133.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,847 | €21,322 | +€4,474 | +26.6% |
| Other operating charges | 640/8 | €816 | €733 | -€82 | -10.1% |
| Gross operating margin | 9900 | €258,934 | €153,989 | -€104,945 | -40.5% |
| Operating profit (loss) | 9901 | €241,271 | €131,933 | -€109,337 | -45.3% |
| Financial income | 75/76B | €280 | €1,428 | +€1,149 | +410.8% |
| Recurring financial income | 75 | €280 | €1,428 | +€1,149 | +410.8% |
| Financial charges | 65/66B | €2,404 | €243 | -€2,161 | -89.9% |
| Recurring financial charges | 65 | €2,404 | €243 | -€2,161 | -89.9% |
| Profit (loss) for the period before taxes | 9903 | €239,147 | €133,119 | -€106,028 | -44.3% |
| Income taxes | 67/77 | €73,657 | €39,654 | -€34,002 | -46.2% |
| Profit (loss) for the period | 9904 | €165,490 | €93,464 | -€72,026 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €165,490 | €93,464 | -€72,026 | -43.5% |
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 3 October 2026 via checked.be.