LAFFIMMO: what changed
Two fiscal 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.
LAFFIMMO
Largest movements
- Cash -€36,719
down €36,719 (-18.8%), from €195,206 to €158,487
mainly Investment in fixed assets (net) (-€108,284) and Debts after one year (-€48,468)
- Tangible fixed assets +€19,555
up €19,555 (+1.4%), from €1.4m to €1.4m
of which Land and buildings: +€25,973
- Debts after one year -€48,468
down €48,468 (-26.6%), from €182,461 to €133,993
- Short-term financial debts +€29,877
up €29,877 (+63.4%), from €47,091 to €76,968
of which Other loans: +€28,500
- Gross operating margin +€19,903
up €19,903 (+16.8%), from €118,195 to €138,098
- Financial charges +€16,591
up €16,591 (+90.2%), from €18,385 to €34,976
- Taxes -€2,445
down €2,445 (-86.6%), from €2,823 to €379
From the 31-12-2024 result to the 31-12-2025 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.
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,612,549 | €1,580,687 | -€31,862 | -2.0% |
| Formation expenses | 20 | €850 | €850 | = | 0.0% |
| Fixed assets | 21/28 | €1,401,795 | €1,421,351 | +€19,555 | +1.4% |
| Tangible fixed assets | 22/27 | €1,401,795 | €1,421,351 | +€19,555 | +1.4% |
| Land and buildings | 22 | €1,308,181 | €1,334,154 | +€25,973 | +2.0% |
| Plant, machinery and equipment | 23 | €83,606 | €79,388 | -€4,218 | -5.0% |
| Furniture and vehicles | 24 | €10,008 | €7,808 | -€2,200 | -22.0% |
| Current assets | 29/58 | €209,904 | €158,487 | -€51,418 | -24.5% |
| Cash at bank and in hand | 54/58 | €195,206 | €158,487 | -€36,719 | -18.8% |
| Deferred charges and accrued income | 490/1 | €14,698 | - | -€14,698 | |
| Total equity and liabilities | 10/49 | €1,612,549 | €1,580,687 | -€31,862 | -2.0% |
| Equity | 10/15 | €649,318 | €650,756 | +€1,437 | +0.2% |
| Contributions | 10/11 | €568,251 | €568,251 | = | 0.0% |
| Capital | 10 | €568,251 | €568,251 | = | 0.0% |
| Issued capital | 100 | €568,251 | €568,251 | = | 0.0% |
| Reserves | 13 | €92,267 | €92,267 | = | 0.0% |
| Non-distributable reserves | 130/1 | €56,825 | €56,825 | = | 0.0% |
| Legal reserve | 130 | €56,825 | €56,825 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,442 | €1,442 | = | 0.0% |
| Distributable reserves | 133 | €34,000 | €34,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,200 | -€9,763 | +€1,437 | +12.8% |
| Amounts payable | 17/49 | €963,231 | €929,932 | -€33,299 | -3.5% |
| Amounts payable after more than one year | 17 | €182,461 | €133,993 | -€48,468 | -26.6% |
| Financial debts | 170/4 | €182,461 | €133,993 | -€48,468 | -26.6% |
| Amounts payable within one year | 42/48 | €773,852 | €794,441 | +€20,589 | +2.7% |
| Financial debts | 43 | €47,091 | €76,968 | +€29,877 | +63.4% |
| Credit institutions | 430/8 | €47,091 | €48,468 | +€1,377 | +2.9% |
| Other loans | 439 | - | €28,500 | +€28,500 | |
| Trade debts | 44 | €9,288 | - | -€9,288 | |
| Suppliers | 440/4 | €9,288 | - | -€9,288 | |
| Other amounts payable | 47/48 | €717,472 | €717,472 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,918 | €1,499 | -€5,420 | -78.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,384 | €88,728 | +€1,344 | +1.5% |
| Other operating charges | 640/8 | €13,055 | €12,702 | -€353 | -2.7% |
| Gross operating margin | 9900 | €118,195 | €138,098 | +€19,903 | +16.8% |
| Operating profit (loss) | 9901 | €17,755 | €36,668 | +€18,913 | +106.5% |
| Financial charges | 65/66B | €18,385 | €34,976 | +€16,591 | +90.2% |
| Recurring financial charges | 65 | €18,385 | €34,976 | +€16,591 | +90.2% |
| Profit (loss) for the period before taxes | 9903 | -€630 | €1,692 | +€2,321 | |
| Income taxes | 67/77 | €2,823 | €379 | -€2,445 | -86.6% |
| Profit (loss) for the period | 9904 | -€3,453 | €1,313 | +€4,766 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,453 | €1,313 | +€4,766 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.