NEW LARGO: 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.
NEW LARGO
Largest movements
- Tangible fixed assets -€35,840
down €35,840 (-33.4%), from €107,393 to €71,552
of which Plant, machinery and equipment: -€30,801
- Stocks and contracts -€10,477
down €10,477 (-10.5%), from €100,234 to €89,758
- Cash -€10,030
down €10,030 (-2.5%), from €400,465 to €390,435
mainly Tax, wage and social debts (-€18,474) and Net result for the year (-€16,638)
- Tax, wage and social debts -€18,474
down €18,474 (-12.6%), from €147,080 to €128,606
of which Taxes: -€28,082
- Profit (loss) carried forward -€16,638
down €16,638 (-34.3%), from €48,496 to €31,858
- Other debts -€16,224
down €16,224 (-45.6%), from €35,614 to €19,390
- Investment grants -€7,931
down €7,931 (-50.0%), from €15,862 to €7,931
- Gross operating margin -€45,459
down €45,459 (-3.8%), from €1.2m to €1.1m
- Staff costs +€25,707
up €25,707 (+2.4%), from €1.1m to €1.1m
- Taxes -€20,675
down €20,675 (-91.0%), from €22,713 to €2,038
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 | €658,482 | €605,244 | -€53,239 | -8.1% |
| Fixed assets | 21/28 | €147,371 | €111,530 | -€35,840 | -24.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €107,393 | €71,552 | -€35,840 | -33.4% |
| Plant, machinery and equipment | 23 | €53,968 | €23,168 | -€30,801 | -57.1% |
| Furniture and vehicles | 24 | €53,425 | €48,385 | -€5,040 | -9.4% |
| Financial fixed assets | 28 | €39,978 | €39,978 | = | 0.0% |
| Current assets | 29/58 | €511,111 | €493,713 | -€17,398 | -3.4% |
| Stocks and contracts in progress | 3 | €100,234 | €89,758 | -€10,477 | -10.5% |
| Stocks | 30/36 | €100,234 | €89,758 | -€10,477 | -10.5% |
| Amounts receivable within one year | 40/41 | €87 | €843 | +€757 | +873% |
| Trade receivables | 40 | €87 | - | -€87 | |
| Other amounts receivable | 41 | - | €843 | +€843 | |
| Cash at bank and in hand | 54/58 | €400,465 | €390,435 | -€10,030 | -2.5% |
| Deferred charges and accrued income | 490/1 | €10,325 | €12,677 | +€2,352 | +22.8% |
| Total equity and liabilities | 10/49 | €658,482 | €605,244 | -€53,239 | -8.1% |
| Equity | 10/15 | €411,578 | €387,009 | -€24,569 | -6.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €285,220 | €285,220 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €241,520 | €241,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,496 | €31,858 | -€16,638 | -34.3% |
| Investment grants | 15 | €15,862 | €7,931 | -€7,931 | -50.0% |
| Amounts payable | 17/49 | €246,904 | €218,234 | -€28,670 | -11.6% |
| Amounts payable within one year | 42/48 | €246,044 | €217,354 | -€28,690 | -11.7% |
| Trade debts | 44 | €63,349 | €69,358 | +€6,008 | +9.5% |
| Suppliers | 440/4 | €63,349 | €69,358 | +€6,008 | +9.5% |
| Taxes, remuneration and social security | 45 | €147,080 | €128,606 | -€18,474 | -12.6% |
| Taxes | 450/3 | €53,835 | €25,753 | -€28,082 | -52.2% |
| Remuneration and social security | 454/9 | €93,246 | €102,853 | +€9,607 | +10.3% |
| Other amounts payable | 47/48 | €35,614 | €19,390 | -€16,224 | -45.6% |
| Accrued charges and deferred income | 492/3 | €860 | €880 | +€20 | +2.3% |
| Remuneration, social security and pensions | 62 | €1,091,887 | €1,117,593 | +€25,707 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,758 | €45,431 | +€1,673 | +3.8% |
| Other operating charges | 640/8 | €1,692 | €1,529 | -€162 | -9.6% |
| Gross operating margin | 9900 | €1,195,196 | €1,149,737 | -€45,459 | -3.8% |
| Operating profit (loss) | 9901 | €57,860 | -€14,817 | -€72,677 | |
| Financial income | 75/76B | €12,530 | €10,537 | -€1,994 | -15.9% |
| Recurring financial income | 75 | €12,530 | €10,537 | -€1,994 | -15.9% |
| Financial charges | 65/66B | €9,988 | €10,320 | +€332 | +3.3% |
| Recurring financial charges | 65 | €9,988 | €10,320 | +€332 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €60,402 | -€14,600 | -€75,002 | |
| Income taxes | 67/77 | €22,713 | €2,038 | -€20,675 | -91.0% |
| Profit (loss) for the period | 9904 | €37,690 | -€16,638 | -€54,327 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,690 | -€16,638 | -€54,327 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.