LYARMA: 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.
LYARMA
Largest movements
- Tangible fixed assets -€77,082
down €77,082 (-8.6%), from €901,255 to €824,173
- Cash +€66,283
up €66,283 (+65.6%), from €100,993 to €167,276
mainly Depreciation (+€77,082) and Net result for the year (+€16,438)
- Debts after one year -€23,539
down €23,539 (-3.2%), from €731,351 to €707,812
of which Financial debts: -€23,540
- Profit (loss) carried forward +€16,438
up €16,438, from -€7,112 to €9,326
- Gross operating margin +€26,938
up €26,938 (+33.9%), from €79,354 to €106,292
- Staff costs +€8,592
new in 2025: €8,592
- Financial charges -€2,824
no longer reported in 2025 (was €2,824)
- Taxes -€2,500
no longer reported in 2025 (was €2,500)
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 | €1,239,046 | €1,237,236 | -€1,810 | -0.1% |
| Fixed assets | 21/28 | €903,015 | €825,933 | -€77,082 | -8.5% |
| Tangible fixed assets | 22/27 | €901,255 | €824,173 | -€77,082 | -8.6% |
| Land and buildings | 22 | €489,205 | €471,758 | -€17,447 | -3.6% |
| Plant, machinery and equipment | 23 | €21,456 | €14,594 | -€6,862 | -32.0% |
| Furniture and vehicles | 24 | €131,511 | €93,593 | -€37,918 | -28.8% |
| Other tangible fixed assets | 26 | €259,083 | €244,229 | -€14,854 | -5.7% |
| Financial fixed assets | 28 | €1,760 | €1,760 | -€0 | 0.0% |
| Current assets | 29/58 | €336,031 | €411,303 | +€75,272 | +22.4% |
| Stocks and contracts in progress | 3 | €6,894 | €6,894 | -€0 | 0.0% |
| Stocks | 30/36 | €2,694 | €2,694 | -€0 | 0.0% |
| Contracts in progress | 37 | €4,200 | €4,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,672 | €16,686 | +€9,014 | +117% |
| Trade receivables | 40 | €6,443 | €15,457 | +€9,014 | +140% |
| Other amounts receivable | 41 | €1,229 | €1,229 | -€0 | 0.0% |
| Current investments | 50/53 | €217,927 | €217,927 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €100,993 | €167,276 | +€66,283 | +65.6% |
| Deferred charges and accrued income | 490/1 | €2,545 | €2,520 | -€25 | -1.0% |
| Total equity and liabilities | 10/49 | €1,239,046 | €1,237,236 | -€1,810 | -0.1% |
| Equity | 10/15 | €460,419 | €476,857 | +€16,438 | +3.6% |
| Contributions | 10/11 | €127,700 | €127,700 | = | 0.0% |
| Reserves | 13 | €339,831 | €339,831 | +€0 | 0.0% |
| Distributable reserves | 133 | €339,831 | €339,831 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€7,112 | €9,326 | +€16,438 | |
| Amounts payable | 17/49 | €778,627 | €760,379 | -€18,248 | -2.3% |
| Amounts payable after more than one year | 17 | €731,351 | €707,812 | -€23,539 | -3.2% |
| Financial debts | 170/4 | €113,477 | €89,938 | -€23,540 | -20.7% |
| Other amounts payable | 178/9 | €617,874 | €617,874 | +€0 | 0.0% |
| Amounts payable within one year | 42/48 | €47,276 | €52,567 | +€5,291 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €23,540 | €23,540 | -€0 | 0.0% |
| Trade debts | 44 | €2,045 | €7,006 | +€4,961 | +243% |
| Suppliers | 440/4 | €2,045 | €7,006 | +€4,961 | +243% |
| Advances received on contracts in progress | 46 | €9,500 | €9,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €12,191 | €12,521 | +€330 | +2.7% |
| Taxes | 450/3 | €224 | €554 | +€330 | +147% |
| Remuneration and social security | 454/9 | €11,967 | €11,967 | +€0 | 0.0% |
| Remuneration, social security and pensions | 62 | - | €8,592 | +€8,592 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,082 | €77,082 | +€0 | 0.0% |
| Other operating charges | 640/8 | €4,105 | €4,181 | +€76 | +1.8% |
| Gross operating margin | 9900 | €79,354 | €106,292 | +€26,938 | +33.9% |
| Operating profit (loss) | 9901 | -€1,833 | €16,438 | +€18,271 | |
| Financial income | 75/76B | €45 | - | -€45 | |
| Recurring financial income | 75 | €45 | - | -€45 | |
| Financial charges | 65/66B | €2,824 | - | -€2,824 | |
| Recurring financial charges | 65 | €2,824 | - | -€2,824 | |
| Profit (loss) for the period before taxes | 9903 | -€4,612 | €16,438 | +€21,050 | |
| Income taxes | 67/77 | €2,500 | - | -€2,500 | |
| Profit (loss) for the period | 9904 | -€7,112 | €16,438 | +€23,550 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,112 | €16,438 | +€23,550 |
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 27 October 2026 via checked.be.