Laruweere: 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.
What changed
Laruweere
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€98,941
2024 · -€37,884-€61,057
Equity
€531,402
2024 · €630,343-€98,941
Cash
€4,308
2024 · €8,379-€4,071
Balance sheet total
€2.2m
2024 · €2.3m-€48,567
Largest movements
Assets
- Deferred charges and accrued income -€66,723
down €66,723 (-100%), from €66,723 to €0
Equity and liabilities
- Profit (loss) carried forward -€90,053
down €90,053 (-62.0%), from -€145,243 to -€235,296
- Other debts +€77,053
up €77,053 (+6,417%), from €1,201 to €78,254
- Debts after one year -€67,591
down €67,591 (-4.6%), from €1.5m to €1.4m
Income statement
- Write-downs +€46,866
up €46,866, from -€46,866 to €0
- Other operating charges -€46,406
down €46,406 (-84.7%), from €54,770 to €8,364
- Gross operating margin -€40,323
down €40,323 (-33.9%), from €118,945 to €78,621
- Depreciation +€20,250
up €20,250 (+23.7%), from €85,476 to €105,726
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.
Result 2024
-€37,884
Gross operating margin
-€40,323
Depreciation
-€20,250
Write-downs
-€46,866
Other operating charges
+€46,406
Financial income
-€679
Financial charges
+€967
Taxes
-€312
Result 2025
-€98,941
raises the resultlowers the result
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.
From operations
+€173,282
Investment
-€117,145
Financing
-€60,208
Cash 2024
€8,379
From operations (derived)
+€173,282
Net result for the year
-€98,941
Depreciation
+€105,726
Receivables within one year
-€10,808
Deferred charges and accrued income
+€66,723
Provisions
-€2,222
Trade debts
+€13,356
Tax, wage and social debts
+€15,603
Other debts
+€77,053
Accrued charges and deferred income
+€6,791
Investment (derived)
-€117,145
Investment in fixed assets (net)
-€117,145
Financing
-€60,208
Debts after one year
-€67,591
Current portion of long-term debt
+€7,383
Cash 2025
€4,308
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,296,552 | €2,247,985 | -€48,567 | -2.1% |
| Fixed assets | 21/28 | €2,000,654 | €2,012,072 | +€11,419 | +0.6% |
| Tangible fixed assets | 22/27 | €2,000,654 | €2,012,072 | +€11,419 | +0.6% |
| Land and buildings | 22 | €1,990,565 | €1,912,105 | -€78,460 | -3.9% |
| Plant, machinery and equipment | 23 | €10,089 | €7,104 | -€2,984 | -29.6% |
| Leasing and similar rights | 25 | - | €92,863 | +€92,863 | |
| Current assets | 29/58 | €295,898 | €235,912 | -€59,986 | -20.3% |
| Amounts receivable after more than one year | 29 | €180,000 | €180,000 | = | 0.0% |
| Other amounts receivable | 291 | €180,000 | €180,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,796 | €51,604 | +€10,808 | +26.5% |
| Trade receivables | 40 | €38,866 | €42,466 | +€3,600 | +9.3% |
| Other amounts receivable | 41 | €1,930 | €9,138 | +€7,208 | +373% |
| Cash at bank and in hand | 54/58 | €8,379 | €4,308 | -€4,071 | -48.6% |
| Deferred charges and accrued income | 490/1 | €66,723 | €0 | -€66,723 | -100% |
| Total equity and liabilities | 10/49 | €2,296,552 | €2,247,985 | -€48,567 | -2.1% |
| Equity | 10/15 | €630,343 | €531,402 | -€98,941 | -15.7% |
| Contributions | 10/11 | €124,416 | €124,416 | = | 0.0% |
| Capital | 10 | €113,783 | €113,783 | = | 0.0% |
| Issued capital | 100 | €113,783 | €113,783 | = | 0.0% |
| Contributions outside capital | 11 | €10,632 | €10,632 | = | 0.0% |
| Share premium | 1100/10 | €10,632 | €10,632 | = | 0.0% |
| Reserves | 13 | €651,170 | €642,283 | -€8,888 | -1.4% |
| Non-distributable reserves | 130/1 | €4,733 | €4,733 | = | 0.0% |
| Legal reserve | 130 | €4,733 | €4,733 | = | 0.0% |
| Tax-exempt reserves | 132 | €606,091 | €597,204 | -€8,888 | -1.5% |
| Distributable reserves | 133 | €40,346 | €40,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,243 | -€235,296 | -€90,053 | -62.0% |
| Provisions and deferred taxes | 16 | €51,368 | €49,146 | -€2,222 | -4.3% |
| Deferred taxes | 168 | €51,368 | €49,146 | -€2,222 | -4.3% |
| Amounts payable | 17/49 | €1,614,841 | €1,667,437 | +€52,596 | +3.3% |
| Amounts payable after more than one year | 17 | €1,458,737 | €1,391,146 | -€67,591 | -4.6% |
| Financial debts | 170/4 | €1,458,737 | €1,391,146 | -€67,591 | -4.6% |
| Amounts payable within one year | 42/48 | €156,104 | €269,500 | +€113,396 | +72.6% |
| Current portion of amounts payable after more than one year | 42 | €129,288 | €136,672 | +€7,383 | +5.7% |
| Trade debts | 44 | €25,615 | €38,971 | +€13,356 | +52.1% |
| Suppliers | 440/4 | €25,615 | €38,971 | +€13,356 | +52.1% |
| Taxes, remuneration and social security | 45 | €0 | €15,603 | +€15,603 | |
| Taxes | 450/3 | €0 | €15,603 | +€15,603 | |
| Other amounts payable | 47/48 | €1,201 | €78,254 | +€77,053 | +6,417% |
| Accrued charges and deferred income | 492/3 | €0 | €6,791 | +€6,791 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,476 | €105,726 | +€20,250 | +23.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€46,866 | €0 | +€46,866 | |
| Other operating charges | 640/8 | €54,770 | €8,364 | -€46,406 | -84.7% |
| Gross operating margin | 9900 | €118,945 | €78,621 | -€40,323 | -33.9% |
| Operating profit (loss) | 9901 | €25,564 | -€35,469 | -€61,033 | |
| Financial income | 75/76B | €5,037 | €4,358 | -€679 | -13.5% |
| Recurring financial income | 75 | €5,037 | €4,358 | -€679 | -13.5% |
| Financial charges | 65/66B | €70,707 | €69,740 | -€967 | -1.4% |
| Recurring financial charges | 65 | €70,707 | €69,740 | -€967 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | -€40,106 | -€100,851 | -€60,745 | -151% |
| Transfer from deferred taxes | 780 | €2,222 | €2,222 | = | 0.0% |
| Income taxes | 67/77 | - | €312 | +€312 | |
| Profit (loss) for the period | 9904 | -€37,884 | -€98,941 | -€61,057 | -161% |
| Transfer from tax-exempt reserves | 789 | €8,888 | €8,888 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,996 | -€90,053 | -€61,057 | -211% |
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 25 October 2026 via checked.be.