DR. C. LAFAIRE: 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.
DR. C. LAFAIRE
Largest movements
- Receivables within one year +€88,761
up €88,761 (+19.7%), from €449,794 to €538,555
of which Other amounts receivable: +€78,319
- Cash -€18,733
down €18,733 (-16.1%), from €116,681 to €97,948
mainly Receivables within one year (-€88,761) and Tax, wage and social debts (-€9,409)
- Reserves +€79,117
up €79,117 (+40.9%), from €193,332 to €272,450
of which Distributable reserves: +€79,117
- Tax, wage and social debts -€9,409
down €9,409 (-27.8%), from €33,800 to €24,391
- Gross operating margin -€81,901
down €81,901 (-44.7%), from €183,243 to €101,342
- Other operating charges -€37,269
down €37,269 (-91.5%), from €40,747 to €3,478
- Financial income +€11,916
up €11,916 (+71.6%), from €16,650 to €28,566
- Taxes -€9,409
down €9,409 (-20.3%), from €46,300 to €36,891
- Depreciation -€5,971
down €5,971 (-77.8%), from €7,676 to €1,704
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 | €579,590 | €647,914 | +€68,323 | +11.8% |
| Fixed assets | 21/28 | €13,115 | €11,411 | -€1,704 | -13.0% |
| Tangible fixed assets | 22/27 | €13,115 | €11,411 | -€1,704 | -13.0% |
| Land and buildings | 22 | €6,815 | €5,111 | -€1,704 | -25.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €6,300 | €6,300 | = | 0.0% |
| Current assets | 29/58 | €566,475 | €636,503 | +€70,028 | +12.4% |
| Amounts receivable within one year | 40/41 | €449,794 | €538,555 | +€88,761 | +19.7% |
| Trade receivables | 40 | €17,620 | €28,062 | +€10,442 | +59.3% |
| Other amounts receivable | 41 | €432,174 | €510,493 | +€78,319 | +18.1% |
| Cash at bank and in hand | 54/58 | €116,681 | €97,948 | -€18,733 | -16.1% |
| Total equity and liabilities | 10/49 | €579,590 | €647,914 | +€68,323 | +11.8% |
| Equity | 10/15 | €532,057 | €611,175 | +€79,117 | +14.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €193,332 | €272,450 | +€79,117 | +40.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €191,472 | €270,590 | +€79,117 | +41.3% |
| Profit (loss) carried forward | 14 | €326,325 | €326,325 | = | 0.0% |
| Amounts payable | 17/49 | €47,533 | €36,739 | -€10,794 | -22.7% |
| Amounts payable within one year | 42/48 | €47,533 | €36,739 | -€10,794 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €10,764 | €10,690 | -€73 | -0.7% |
| Trade debts | 44 | €2,969 | €1,658 | -€1,312 | -44.2% |
| Suppliers | 440/4 | €2,969 | €1,658 | -€1,312 | -44.2% |
| Taxes, remuneration and social security | 45 | €33,800 | €24,391 | -€9,409 | -27.8% |
| Taxes | 450/3 | €33,800 | €24,391 | -€9,409 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,676 | €1,704 | -€5,971 | -77.8% |
| Other operating charges | 640/8 | €40,747 | €3,478 | -€37,269 | -91.5% |
| Gross operating margin | 9900 | €183,243 | €101,342 | -€81,901 | -44.7% |
| Operating profit (loss) | 9901 | €134,821 | €96,159 | -€38,661 | -28.7% |
| Financial income | 75/76B | €16,650 | €28,566 | +€11,916 | +71.6% |
| Recurring financial income | 75 | €16,650 | €28,566 | +€11,916 | +71.6% |
| Financial charges | 65/66B | €9,475 | €8,717 | -€758 | -8.0% |
| Recurring financial charges | 65 | €9,475 | €8,717 | -€758 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €141,995 | €116,008 | -€25,987 | -18.3% |
| Income taxes | 67/77 | €46,300 | €36,891 | -€9,409 | -20.3% |
| Profit (loss) for the period | 9904 | €95,695 | €79,117 | -€16,578 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €95,695 | €79,117 | -€16,578 | -17.3% |
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 18 October 2026 via checked.be.