LARUE & STEINBECK: what changed
What changed
LARUE & STEINBECK
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€39,421
2024 · €23,141+€16,280
Equity
€400,747
2024 · €411,348-€10,602
Cash
€290,145
2024 · €241,831+€48,314
Balance sheet total
€1.7m
2024 · €1.7m+€20,376
Largest movements
Assets
- Receivables within one year -€94,383
down €94,383 (-12.5%), from €752,789 to €658,407
of which Trade receivables: -€77,356
- Tangible fixed assets +€76,334
up €76,334 (+16.9%), from €452,134 to €528,468
of which Leasing and similar rights: +€132,428
- Cash +€48,314
up €48,314 (+20.0%), from €241,831 to €290,145
mainly Depreciation (+€196,640) and Receivables within one year (+€94,383)
Equity and liabilities
- Trade debts -€61,602
down €61,602 (-11.1%), from €554,650 to €493,048
- Debts after one year +€47,216
up €47,216 (+17.1%), from €276,691 to €323,906
- Tax, wage and social debts +€17,479
up €17,479 (+14.1%), from €124,112 to €141,591
of which Remuneration and social security: +€15,935
Income statement
- Staff costs -€17,063
down €17,063 (-1.8%), from €953,792 to €936,729
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.
Result 2024
€23,141
Gross operating margin
+€9,604
Staff costs
+€17,063
Depreciation
-€10,181
Write-downs
+€1,150
Other operating charges
+€195
Financial income
-€633
Financial charges
+€727
Taxes
-€1,644
Result 2025
€39,421
raises the resultlowers the result
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.
From operations
+€313,864
Investment
-€272,975
Financing
+€7,425
Cash 2024
€241,831
From operations (derived)
+€313,864
Net result for the year
+€39,421
Depreciation
+€196,640
Stocks and contracts
+€1,131
Receivables within one year
+€94,383
Deferred charges and accrued income
+€8,758
Trade debts
-€61,602
Tax, wage and social debts
+€17,479
Other debts
+€11,231
Accrued charges and deferred income
+€6,422
Investment (derived)
-€272,975
Investment in fixed assets (net)
-€272,975
Financing
+€7,425
Debts after one year
+€47,216
Current portion of long-term debt
+€10,232
Contributions, distributions and other
-€50,022
Cash 2025
€290,145
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,697,398 | €1,717,773 | +€20,376 | +1.2% |
| Fixed assets | 21/28 | €648,339 | €724,673 | +€76,334 | +11.8% |
| Tangible fixed assets | 22/27 | €452,134 | €528,468 | +€76,334 | +16.9% |
| Plant, machinery and equipment | 23 | €26,288 | €23,467 | -€2,822 | -10.7% |
| Furniture and vehicles | 24 | €155,852 | €115,048 | -€40,805 | -26.2% |
| Leasing and similar rights | 25 | €256,235 | €388,663 | +€132,428 | +51.7% |
| Other tangible fixed assets | 26 | €13,758 | €1,291 | -€12,468 | -90.6% |
| Financial fixed assets | 28 | €196,205 | €196,205 | = | 0.0% |
| Current assets | 29/58 | €1,049,058 | €993,100 | -€55,958 | -5.3% |
| Stocks and contracts in progress | 3 | €30,802 | €29,671 | -€1,131 | -3.7% |
| Stocks | 30/36 | €30,802 | €29,671 | -€1,131 | -3.7% |
| Amounts receivable within one year | 40/41 | €752,789 | €658,407 | -€94,383 | -12.5% |
| Trade receivables | 40 | €719,867 | €642,511 | -€77,356 | -10.7% |
| Other amounts receivable | 41 | €32,922 | €15,895 | -€17,027 | -51.7% |
| Cash at bank and in hand | 54/58 | €241,831 | €290,145 | +€48,314 | +20.0% |
| Deferred charges and accrued income | 490/1 | €23,637 | €14,878 | -€8,758 | -37.1% |
| Total equity and liabilities | 10/49 | €1,697,398 | €1,717,773 | +€20,376 | +1.2% |
| Equity | 10/15 | €411,348 | €400,747 | -€10,602 | -2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €252,752 | €242,151 | -€10,602 | -4.2% |
| Tax-exempt reserves | 132 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €152,752 | €142,151 | -€10,602 | -6.9% |
| Profit (loss) carried forward | 14 | €139,996 | €139,996 | = | 0.0% |
| Amounts payable | 17/49 | €1,286,049 | €1,317,027 | +€30,978 | +2.4% |
| Amounts payable after more than one year | 17 | €276,691 | €323,906 | +€47,216 | +17.1% |
| Financial debts | 170/4 | €276,691 | €323,906 | +€47,216 | +17.1% |
| Amounts payable within one year | 42/48 | €1,009,152 | €986,492 | -€22,660 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €180,826 | €191,058 | +€10,232 | +5.7% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €554,650 | €493,048 | -€61,602 | -11.1% |
| Suppliers | 440/4 | €554,650 | €493,048 | -€61,602 | -11.1% |
| Taxes, remuneration and social security | 45 | €124,112 | €141,591 | +€17,479 | +14.1% |
| Taxes | 450/3 | €17,848 | €19,393 | +€1,544 | +8.7% |
| Remuneration and social security | 454/9 | €106,264 | €122,199 | +€15,935 | +15.0% |
| Other amounts payable | 47/48 | €99,563 | €110,795 | +€11,231 | +11.3% |
| Accrued charges and deferred income | 492/3 | €207 | €6,629 | +€6,422 | +3,105% |
| Non-recurring operating income | 76A | €21,500 | €4,616 | -€16,884 | -78.5% |
| Remuneration, social security and pensions | 62 | €953,792 | €936,729 | -€17,063 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,459 | €196,640 | +€10,181 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,150 | -€1,150 | |
| Other operating charges | 640/8 | €11,674 | €11,479 | -€195 | -1.7% |
| Gross operating margin | 9900 | €1,199,772 | €1,209,376 | +€9,604 | +0.8% |
| Operating profit (loss) | 9901 | €47,847 | €65,677 | +€17,830 | +37.3% |
| Financial income | 75/76B | €1,115 | €482 | -€633 | -56.8% |
| Recurring financial income | 75 | €1,115 | €482 | -€633 | -56.8% |
| Financial charges | 65/66B | €22,994 | €22,268 | -€727 | -3.2% |
| Recurring financial charges | 65 | €22,994 | €22,268 | -€727 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €25,967 | €43,891 | +€17,924 | +69.0% |
| Income taxes | 67/77 | €2,826 | €4,470 | +€1,644 | +58.2% |
| Profit (loss) for the period | 9904 | €23,141 | €39,421 | +€16,280 | +70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,141 | €39,421 | +€16,280 | +70.4% |
Next steps
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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.