LARUS: 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.
LARUS
Largest movements
- Cash +€9,255
up €9,255 (+36.7%), from €25,224 to €34,479
mainly Net result for the year (+€22,201) and Contributions, distributions and other (+€16,981)
- Receivables within one year -€7,776
down €7,776 (-20.6%), from €37,819 to €30,043
of which Trade receivables: -€5,879
- Deferred charges and accrued income -€1,672
down €1,672 (-11.6%), from €14,450 to €12,778
- Debts after one year -€34,863
down €34,863 (-45.6%), from €76,531 to €41,668
of which Other amounts payable: -€29,551
- Contributions +€21,900
up €21,900 (+21,900%), from €100 to €22,000
- Reserves +€17,282
up €17,282 (+47.6%), from €36,284 to €53,566
of which Distributable reserves: +€16,050
- Tax, wage and social debts -€5,979
down €5,979 (-71.3%), from €8,381 to €2,402
of which Remuneration and social security: -€5,120
- Trade debts +€5,389
up €5,389 (+178%), from €3,025 to €8,414
- Gross operating margin +€29,648
up €29,648 (+111%), from €26,787 to €56,435
- Taxes +€9,681
up €9,681 (+175%), from €5,536 to €15,217
- Depreciation +€2,975
up €2,975 (+47.4%), from €6,281 to €9,256
- Financial charges +€733
up €733 (+9.2%), from €7,997 to €8,731
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 | €152,836 | €152,209 | -€627 | -0.4% |
| Fixed assets | 21/28 | €64,766 | €63,483 | -€1,283 | -2.0% |
| Tangible fixed assets | 22/27 | €64,516 | €63,233 | -€1,283 | -2.0% |
| Plant, machinery and equipment | 23 | €8,447 | €6,838 | -€1,609 | -19.0% |
| Furniture and vehicles | 24 | €7,842 | €8,762 | +€921 | +11.7% |
| Other tangible fixed assets | 26 | €48,228 | €47,633 | -€594 | -1.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €88,071 | €88,726 | +€656 | +0.7% |
| Stocks and contracts in progress | 3 | €10,578 | €11,426 | +€848 | +8.0% |
| Stocks | 30/36 | €10,578 | €11,426 | +€848 | +8.0% |
| Amounts receivable within one year | 40/41 | €37,819 | €30,043 | -€7,776 | -20.6% |
| Trade receivables | 40 | €25,965 | €20,086 | -€5,879 | -22.6% |
| Other amounts receivable | 41 | €11,854 | €9,957 | -€1,897 | -16.0% |
| Cash at bank and in hand | 54/58 | €25,224 | €34,479 | +€9,255 | +36.7% |
| Deferred charges and accrued income | 490/1 | €14,450 | €12,778 | -€1,672 | -11.6% |
| Total equity and liabilities | 10/49 | €152,836 | €152,209 | -€627 | -0.4% |
| Equity | 10/15 | €36,384 | €75,566 | +€39,182 | +108% |
| Contributions | 10/11 | €100 | €22,000 | +€21,900 | +21,900% |
| Reserves | 13 | €36,284 | €53,566 | +€17,282 | +47.6% |
| Tax-exempt reserves | 132 | €2,171 | €3,403 | +€1,232 | +56.8% |
| Distributable reserves | 133 | €34,114 | €50,163 | +€16,050 | +47.0% |
| Amounts payable | 17/49 | €116,452 | €76,643 | -€39,809 | -34.2% |
| Amounts payable after more than one year | 17 | €76,531 | €41,668 | -€34,863 | -45.6% |
| Financial debts | 170/4 | €6,207 | €896 | -€5,312 | -85.6% |
| Other amounts payable | 178/9 | €70,324 | €40,772 | -€29,551 | -42.0% |
| Amounts payable within one year | 42/48 | €33,595 | €27,499 | -€6,096 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €5,208 | €5,312 | +€104 | +2.0% |
| Financial debts | 43 | €7,357 | €7,051 | -€306 | -4.2% |
| Credit institutions | 430/8 | €7,357 | €7,051 | -€306 | -4.2% |
| Trade debts | 44 | €3,025 | €8,414 | +€5,389 | +178% |
| Suppliers | 440/4 | €3,025 | €8,414 | +€5,389 | +178% |
| Taxes, remuneration and social security | 45 | €8,381 | €2,402 | -€5,979 | -71.3% |
| Taxes | 450/3 | €3,261 | €2,402 | -€859 | -26.3% |
| Remuneration and social security | 454/9 | €5,120 | - | -€5,120 | |
| Other amounts payable | 47/48 | €9,623 | €4,320 | -€5,303 | -55.1% |
| Accrued charges and deferred income | 492/3 | €6,326 | €7,476 | +€1,150 | +18.2% |
| Non-recurring operating income | 76A | €3,858 | - | -€3,858 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,281 | €9,256 | +€2,975 | +47.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €479 | +€479 | |
| Other operating charges | 640/8 | €1,223 | €722 | -€502 | -41.0% |
| Gross operating margin | 9900 | €26,787 | €56,435 | +€29,648 | +111% |
| Operating profit (loss) | 9901 | €19,283 | €45,978 | +€26,695 | +138% |
| Financial income | 75/76B | €32 | €171 | +€139 | +433% |
| Recurring financial income | 75 | €32 | €171 | +€139 | +433% |
| Financial charges | 65/66B | €7,997 | €8,731 | +€733 | +9.2% |
| Recurring financial charges | 65 | €7,997 | €8,731 | +€733 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €11,317 | €37,418 | +€26,100 | +231% |
| Income taxes | 67/77 | €5,536 | €15,217 | +€9,681 | +175% |
| Profit (loss) for the period | 9904 | €5,781 | €22,201 | +€16,419 | +284% |
| Transfer to tax-exempt reserves | 689 | €1,232 | €1,232 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,549 | €20,968 | +€16,419 | +361% |
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 15 October 2026 via checked.be.