LARUELLE JOEL: 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.
LARUELLE JOEL
Largest movements
- Cash +€17,410
up €17,410 (+19.0%), from €91,467 to €108,877
mainly Other debts (+€48,200) and Net result for the year (+€14,903)
- Tangible fixed assets -€1,412
no longer reported in 2025 (was €1,412)
- Other debts +€48,200
new in 2025: €48,200
- Reserves -€33,300
down €33,300 (-46.3%), from €71,980 to €38,680
- Tax, wage and social debts +€2,434
up €2,434 (+317.6%), from €766 to €3,200
- Trade debts -€1,821
down €1,821 (-64.9%), from €2,808 to €987
- Gross operating margin -€2,841
down €2,841 (-10.7%), from €26,575 to €23,734
- Taxes -€756
down €756 (-10.1%), from €7,465 to €6,709
- Depreciation -€417
down €417 (-22.8%), from €1,829 to €1,412
- Other operating charges -€339
down €339 (-27.0%), from €1,255 to €916
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 | €95,491 | €111,006 | +€15,515 | +16.2% |
| Fixed assets | 21/28 | €1,488 | €76 | -€1,412 | -94.9% |
| Tangible fixed assets | 22/27 | €1,412 | - | -€1,412 | |
| Furniture and vehicles | 24 | €1,412 | - | -€1,412 | |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €94,002 | €110,930 | +€16,928 | +18.0% |
| Amounts receivable within one year | 40/41 | €1,021 | €333 | -€688 | -67.4% |
| Other amounts receivable | 41 | €1,021 | €333 | -€688 | -67.4% |
| Cash at bank and in hand | 54/58 | €91,467 | €108,877 | +€17,410 | +19.0% |
| Deferred charges and accrued income | 490/1 | €1,514 | €1,720 | +€205 | +13.6% |
| Total equity and liabilities | 10/49 | €95,491 | €111,006 | +€15,515 | +16.2% |
| Equity | 10/15 | €91,917 | €58,620 | -€33,297 | -36.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,980 | €38,680 | -€33,300 | -46.3% |
| Distributable reserves | 133 | €71,980 | €38,680 | -€33,300 | -46.3% |
| Profit (loss) carried forward | 14 | €1,337 | €1,340 | +€3 | +0.2% |
| Amounts payable | 17/49 | €3,574 | €52,387 | +€48,813 | +1365.8% |
| Amounts payable within one year | 42/48 | €3,574 | €52,387 | +€48,813 | +1365.8% |
| Trade debts | 44 | €2,808 | €987 | -€1,821 | -64.9% |
| Suppliers | 440/4 | €2,808 | €987 | -€1,821 | -64.9% |
| Taxes, remuneration and social security | 45 | €766 | €3,200 | +€2,434 | +317.6% |
| Taxes | 450/3 | €766 | €3,200 | +€2,434 | +317.6% |
| Other amounts payable | 47/48 | - | €48,200 | +€48,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,829 | €1,412 | -€417 | -22.8% |
| Other operating charges | 640/8 | €1,255 | €916 | -€339 | -27.0% |
| Gross operating margin | 9900 | €26,575 | €23,734 | -€2,841 | -10.7% |
| Operating profit (loss) | 9901 | €23,491 | €21,406 | -€2,086 | -8.9% |
| Financial income | 75/76B | €0 | €206 | +€206 | +2058400.0% |
| Recurring financial income | 75 | €0 | €206 | +€206 | +2058400.0% |
| Financial charges | 65/66B | €2 | €0 | -€2 | -81.9% |
| Recurring financial charges | 65 | €2 | €0 | -€2 | -81.9% |
| Profit (loss) for the period before taxes | 9903 | €23,489 | €21,611 | -€1,878 | -8.0% |
| Income taxes | 67/77 | €7,465 | €6,709 | -€756 | -10.1% |
| Profit (loss) for the period | 9904 | €16,024 | €14,903 | -€1,122 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,024 | €14,903 | -€1,122 | -7.0% |
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 11 October 2026 via checked.be.