Lafaut Assets & Management: 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.
Lafaut Assets & Management
Largest movements
- Receivables within one year +€376,322
up €376,322 (+82.8%), from €454,519 to €830,841
of which Trade receivables: +€625,700
- Stocks and contracts -€218,191
down €218,191 (-76.3%), from €286,096 to €67,905
of which Contracts in progress: -€176,177
- Cash -€155,495
down €155,495 (-98.0%), from €158,704 to €3,209
- Tangible fixed assets +€37,662
up €37,662 (+22.7%), from €165,944 to €203,606
of which Furniture and vehicles: +€173,993
- Short-term financial debts +€77,861
up €77,861 (+35.9%), from €216,780 to €294,641
- Debts after one year -€74,720
down €74,720 (-38.6%), from €193,662 to €118,942
- Current portion of long-term debt -€53,929
down €53,929 (-39.2%), from €137,489 to €83,560
- Other debts +€34,446
up €34,446 (+38.0%), from €90,554 to €125,000
- Profit (loss) carried forward +€33,024
up €33,024 (+14,677%), from €225 to €33,249
- Gross operating margin +€121,824
up €121,824 (+105%), from €115,493 to €237,317
- Financial income +€64,425
up €64,425 (+128,542%), from €50 to €64,475
of which Non-recurring financial income: +€63,150
- Taxes +€31,967
up €31,967 (+161%), from €19,830 to €51,796
- Depreciation -€26,623
down €26,623 (-57.8%), from €46,041 to €19,418
- Financial charges +€24,702
up €24,702 (+65.3%), from €37,804 to €62,506
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,071,131 | €1,106,396 | +€35,265 | +3.3% |
| Fixed assets | 21/28 | €165,944 | €203,606 | +€37,662 | +22.7% |
| Tangible fixed assets | 22/27 | €165,944 | €203,606 | +€37,662 | +22.7% |
| Plant, machinery and equipment | 23 | €136,331 | - | -€136,331 | |
| Furniture and vehicles | 24 | €29,613 | €203,606 | +€173,993 | +588% |
| Current assets | 29/58 | €905,187 | €902,790 | -€2,397 | -0.3% |
| Stocks and contracts in progress | 3 | €286,096 | €67,905 | -€218,191 | -76.3% |
| Stocks | 30/36 | €64,919 | €22,905 | -€42,014 | -64.7% |
| Contracts in progress | 37 | €221,177 | €45,000 | -€176,177 | -79.7% |
| Amounts receivable within one year | 40/41 | €454,519 | €830,841 | +€376,322 | +82.8% |
| Trade receivables | 40 | €120,451 | €746,151 | +€625,700 | +519% |
| Other amounts receivable | 41 | €334,068 | €84,690 | -€249,378 | -74.6% |
| Cash at bank and in hand | 54/58 | €158,704 | €3,209 | -€155,495 | -98.0% |
| Deferred charges and accrued income | 490/1 | €5,868 | €835 | -€5,033 | -85.8% |
| Total equity and liabilities | 10/49 | €1,071,131 | €1,106,396 | +€35,265 | +3.3% |
| Equity | 10/15 | €193,161 | €226,184 | +€33,024 | +17.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €174,344 | €174,344 | = | 0.0% |
| Distributable reserves | 133 | €174,344 | €174,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | €225 | €33,249 | +€33,024 | +14,677% |
| Amounts payable | 17/49 | €877,970 | €880,211 | +€2,241 | +0.3% |
| Amounts payable after more than one year | 17 | €193,662 | €118,942 | -€74,720 | -38.6% |
| Financial debts | 170/4 | €193,662 | €118,942 | -€74,720 | -38.6% |
| Amounts payable within one year | 42/48 | €684,308 | €761,269 | +€76,961 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €137,489 | €83,560 | -€53,929 | -39.2% |
| Financial debts | 43 | €216,780 | €294,641 | +€77,861 | +35.9% |
| Credit institutions | 430/8 | €216,780 | €294,641 | +€77,861 | +35.9% |
| Trade debts | 44 | €226,595 | €239,849 | +€13,255 | +5.8% |
| Suppliers | 440/4 | €226,595 | €239,849 | +€13,255 | +5.8% |
| Taxes, remuneration and social security | 45 | €12,890 | €18,218 | +€5,328 | +41.3% |
| Taxes | 450/3 | €12,890 | €18,218 | +€5,328 | +41.3% |
| Other amounts payable | 47/48 | €90,554 | €125,000 | +€34,446 | +38.0% |
| Remuneration, social security and pensions | 62 | €8,768 | €5,659 | -€3,109 | -35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,041 | €19,418 | -€26,623 | -57.8% |
| Other operating charges | 640/8 | €2,876 | €4,389 | +€1,513 | +52.6% |
| Gross operating margin | 9900 | €115,493 | €237,317 | +€121,824 | +105% |
| Operating profit (loss) | 9901 | €57,808 | €207,850 | +€150,042 | +260% |
| Financial income | 75/76B | €50 | €64,475 | +€64,425 | +128,542% |
| Recurring financial income | 75 | €50 | €1,325 | +€1,275 | +2,544% |
| Non-recurring financial income | 76B | - | €63,150 | +€63,150 | |
| Financial charges | 65/66B | €37,804 | €62,506 | +€24,702 | +65.3% |
| Recurring financial charges | 65 | €37,804 | €62,506 | +€24,702 | +65.3% |
| Profit (loss) for the period before taxes | 9903 | €20,055 | €209,820 | +€189,765 | +946% |
| Income taxes | 67/77 | €19,830 | €51,796 | +€31,967 | +161% |
| Profit (loss) for the period | 9904 | €225 | €158,024 | +€157,799 | +70,133% |
| Profit (loss) for the period to be appropriated | 9905 | €225 | €158,024 | +€157,799 | +70,133% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.