Lafema: 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.
Lafema
Largest movements
- Receivables after one year -€378,357
down €378,357 (-69.6%), from €543,357 to €165,000
- Cash +€247,277
up €247,277 (+301%), from €82,273 to €329,550
mainly Receivables after one year (+€378,357) and Other debts (+€360,144)
- Current investments +€100,000
up €100,000 (+100%), from €100,000 to €200,000
- Financial fixed assets +€70,818
up €70,818 (+142%), from €50,000 to €120,818
- Deferred charges and accrued income -€16,040
down €16,040 (-63.8%), from €25,122 to €9,082
- Other debts +€360,144
up €360,144, from €0 to €360,144
- Profit (loss) carried forward -€360,000
down €360,000 (-66.6%), from €540,791 to €180,791
- Reserves +€30,272
up €30,272 (+12.8%), from €235,607 to €265,879
of which Distributable reserves: +€30,272
- Gross operating margin +€22,849
up €22,849 (+632%), from €3,613 to €26,462
- Financial income -€10,838
down €10,838 (-38.4%), from €28,216 to €17,378
- Depreciation -€8,076
down €8,076 (-99.3%), from €8,134 to €58
- Taxes +€4,473
up €4,473 (+56.1%), from €7,966 to €12,438
- Other operating charges +€474
up €474 (+89.7%), from €528 to €1,001
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 | €812,590 | €836,398 | +€23,808 | +2.9% |
| Fixed assets | 21/28 | €50,000 | €121,716 | +€71,716 | +143% |
| Tangible fixed assets | 22/27 | €0 | €898 | +€898 | |
| Plant, machinery and equipment | 23 | - | €898 | +€898 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €50,000 | €120,818 | +€70,818 | +142% |
| Current assets | 29/58 | €762,590 | €714,682 | -€47,908 | -6.3% |
| Amounts receivable after more than one year | 29 | €543,357 | €165,000 | -€378,357 | -69.6% |
| Other amounts receivable | 291 | €543,357 | €165,000 | -€378,357 | -69.6% |
| Amounts receivable within one year | 40/41 | €11,839 | €11,050 | -€789 | -6.7% |
| Trade receivables | 40 | €10,083 | €10,543 | +€460 | +4.6% |
| Other amounts receivable | 41 | €1,756 | €508 | -€1,248 | -71.1% |
| Current investments | 50/53 | €100,000 | €200,000 | +€100,000 | +100% |
| Cash at bank and in hand | 54/58 | €82,273 | €329,550 | +€247,277 | +301% |
| Deferred charges and accrued income | 490/1 | €25,122 | €9,082 | -€16,040 | -63.8% |
| Total equity and liabilities | 10/49 | €812,590 | €836,398 | +€23,808 | +2.9% |
| Equity | 10/15 | €794,998 | €465,270 | -€329,728 | -41.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €235,607 | €265,879 | +€30,272 | +12.8% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €229,607 | €259,879 | +€30,272 | +13.2% |
| Profit (loss) carried forward | 14 | €540,791 | €180,791 | -€360,000 | -66.6% |
| Amounts payable | 17/49 | €17,592 | €371,128 | +€353,536 | +2,010% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €17,331 | €370,498 | +€353,167 | +2,038% |
| Current portion of amounts payable after more than one year | 42 | €7,472 | €0 | -€7,472 | -100% |
| Trade debts | 44 | €2,125 | €1,277 | -€847 | -39.9% |
| Suppliers | 440/4 | €2,125 | €1,277 | -€847 | -39.9% |
| Taxes, remuneration and social security | 45 | €7,734 | €9,076 | +€1,343 | +17.4% |
| Taxes | 450/3 | €4,954 | €6,296 | +€1,343 | +27.1% |
| Remuneration and social security | 454/9 | €2,780 | €2,780 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €360,144 | +€360,144 | |
| Accrued charges and deferred income | 492/3 | €261 | €630 | +€369 | +141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,134 | €58 | -€8,076 | -99.3% |
| Other operating charges | 640/8 | €528 | €1,001 | +€474 | +89.7% |
| Gross operating margin | 9900 | €3,613 | €26,462 | +€22,849 | +632% |
| Operating profit (loss) | 9901 | -€5,049 | €25,403 | +€30,452 | |
| Financial income | 75/76B | €28,216 | €17,378 | -€10,838 | -38.4% |
| Recurring financial income | 75 | €28,216 | €17,378 | -€10,838 | -38.4% |
| Financial charges | 65/66B | €173 | €71 | -€102 | -59.1% |
| Recurring financial charges | 65 | €173 | €71 | -€102 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | €22,994 | €42,710 | +€19,716 | +85.7% |
| Income taxes | 67/77 | €7,966 | €12,438 | +€4,473 | +56.1% |
| Profit (loss) for the period | 9904 | €15,028 | €30,272 | +€15,243 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €15,028 | €30,272 | +€15,243 | +101% |
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 19 October 2026 via checked.be.