LARUS: what changed
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
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it 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% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.