LARZONO: 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
LARZONO
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€30,146
2024 · €30,916-€770
Equity
€289,861
2024 · €291,308-€1,447
Cash
€35,706
2024 · €33,582+€2,124
Balance sheet total
€753,282
2024 · €761,501-€8,219
Largest movements
Assets
- Tangible fixed assets -€11,647
down €11,647 (-1.6%), from €715,681 to €704,034
Equity and liabilities
- Trade debts -€8,379
no longer reported in 2025 (was €8,379)
Income statement
- Other operating charges +€1,778
up €1,778 (+23.5%), from €7,569 to €9,346
- Gross operating margin +€1,224
up €1,224 (+1.4%), from €86,000 to €87,224
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
€30,916
Gross operating margin
+€1,224
Other operating charges
-€1,778
Financial income
-€259
Financial charges
-€318
Taxes
+€359
Result 2025
€30,146
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.
From operations
+€33,718
Investment
€0
Financing
-€31,593
Cash 2024
€33,582
From operations (derived)
+€33,718
Net result for the year
+€30,146
Depreciation
+€11,647
Receivables within one year
-€938
Deferred charges and accrued income
-€366
Trade debts
-€8,379
Tax, wage and social debts
-€800
Other debts
+€2,407
Financing
-€31,593
Contributions, distributions and other
-€31,593
Cash 2025
€35,706
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €761,501 | €753,282 | -€8,219 | -1.1% |
| Fixed assets | 21/28 | €715,681 | €704,034 | -€11,647 | -1.6% |
| Tangible fixed assets | 22/27 | €715,681 | €704,034 | -€11,647 | -1.6% |
| Land and buildings | 22 | €715,681 | €704,034 | -€11,647 | -1.6% |
| Current assets | 29/58 | €45,820 | €49,248 | +€3,428 | +7.5% |
| Amounts receivable within one year | 40/41 | - | €938 | +€938 | |
| Other amounts receivable | 41 | - | €938 | +€938 | |
| Cash at bank and in hand | 54/58 | €33,582 | €35,706 | +€2,124 | +6.3% |
| Deferred charges and accrued income | 490/1 | €12,238 | €12,604 | +€366 | +3.0% |
| Total equity and liabilities | 10/49 | €761,501 | €753,282 | -€8,219 | -1.1% |
| Equity | 10/15 | €291,308 | €289,861 | -€1,447 | -0.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €229,808 | €228,361 | -€1,447 | -0.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €223,658 | €222,211 | -€1,447 | -0.6% |
| Amounts payable | 17/49 | €470,193 | €463,421 | -€6,771 | -1.4% |
| Amounts payable after more than one year | 17 | €432,000 | €432,000 | = | 0.0% |
| Financial debts | 170/4 | €432,000 | €432,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,193 | €31,421 | -€6,771 | -17.7% |
| Trade debts | 44 | €8,379 | - | -€8,379 | |
| Suppliers | 440/4 | €8,379 | - | -€8,379 | |
| Taxes, remuneration and social security | 45 | €7,398 | €6,598 | -€800 | -10.8% |
| Taxes | 450/3 | €7,398 | €6,598 | -€800 | -10.8% |
| Other amounts payable | 47/48 | €22,416 | €24,823 | +€2,407 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,647 | €11,647 | = | 0.0% |
| Other operating charges | 640/8 | €7,569 | €9,346 | +€1,778 | +23.5% |
| Gross operating margin | 9900 | €86,000 | €87,224 | +€1,224 | +1.4% |
| Operating profit (loss) | 9901 | €66,785 | €66,231 | -€553 | -0.8% |
| Financial income | 75/76B | €279 | €20 | -€259 | -92.9% |
| Recurring financial income | 75 | €279 | €20 | -€259 | -92.9% |
| Financial charges | 65/66B | €21,720 | €22,037 | +€318 | +1.5% |
| Recurring financial charges | 65 | €21,720 | €22,037 | +€318 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €45,343 | €44,214 | -€1,130 | -2.5% |
| Income taxes | 67/77 | €14,427 | €14,068 | -€359 | -2.5% |
| Profit (loss) for the period | 9904 | €30,916 | €30,146 | -€770 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,916 | €30,146 | -€770 | -2.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.