LAFICO: 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.
LAFICO
Largest movements
- Tangible fixed assets -€38,775
down €38,775 (-7.5%), from €519,793 to €481,018
of which Furniture and vehicles: -€83,619
- Receivables within one year +€30,607
up €30,607 (+147.3%), from €20,780 to €51,387
of which Other amounts receivable: +€17,040
- Cash +€25,288
up €25,288 (+117.8%), from €21,474 to €46,762
mainly Net result for the year (+€64,453) and Depreciation (+€36,430)
- Reserves +€30,000
up €30,000 (+100.0%), from €30,000 to €60,000
- Debts after one year -€16,249
down €16,249 (-4.3%), from €379,288 to €363,039
- Current portion of long-term debt +€9,270
up €9,270 (+16.4%), from €56,590 to €65,861
- Tax, wage and social debts -€7,711
down €7,711 (-83.7%), from €9,207 to €1,496
of which Taxes: -€5,111
- Other debts +€7,587
up €7,587 (+314.4%), from €2,413 to €10,000
- Gross operating margin -€7,960
down €7,960 (-5.0%), from €159,876 to €151,916
- Taxes -€4,606
down €4,606 (-16.5%), from €27,833 to €23,227
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.
Cash bridge derived
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 | €594,743 | €612,324 | +€17,582 | +3.0% |
| Fixed assets | 21/28 | €548,145 | €509,370 | -€38,775 | -7.1% |
| Tangible fixed assets | 22/27 | €519,793 | €481,018 | -€38,775 | -7.5% |
| Land and buildings | 22 | €424,483 | €470,182 | +€45,699 | +10.8% |
| Furniture and vehicles | 24 | €92,913 | €9,294 | -€83,619 | -90.0% |
| Other tangible fixed assets | 26 | €2,398 | €1,542 | -€856 | -35.7% |
| Financial fixed assets | 28 | €28,352 | €28,352 | = | 0.0% |
| Current assets | 29/58 | €46,598 | €102,955 | +€56,357 | +120.9% |
| Amounts receivable after more than one year | 29 | €2,675 | €2,907 | +€232 | +8.7% |
| Other amounts receivable | 291 | €2,675 | €2,907 | +€232 | +8.7% |
| Amounts receivable within one year | 40/41 | €20,780 | €51,387 | +€30,607 | +147.3% |
| Trade receivables | 40 | €16,173 | €29,740 | +€13,567 | +83.9% |
| Other amounts receivable | 41 | €4,607 | €21,647 | +€17,040 | +369.8% |
| Cash at bank and in hand | 54/58 | €21,474 | €46,762 | +€25,288 | +117.8% |
| Deferred charges and accrued income | 490/1 | €1,668 | €1,899 | +€231 | +13.8% |
| Total equity and liabilities | 10/49 | €594,743 | €612,324 | +€17,582 | +3.0% |
| Equity | 10/15 | €145,401 | €169,854 | +€24,453 | +16.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Revaluation surpluses | 12 | €79,135 | €79,135 | = | 0.0% |
| Reserves | 13 | €30,000 | €60,000 | +€30,000 | +100.0% |
| Distributable reserves | 133 | €30,000 | €60,000 | +€30,000 | +100.0% |
| Profit (loss) carried forward | 14 | €28,206 | €22,659 | -€5,547 | -19.7% |
| Amounts payable | 17/49 | €449,341 | €442,470 | -€6,871 | -1.5% |
| Amounts payable after more than one year | 17 | €379,288 | €363,039 | -€16,249 | -4.3% |
| Financial debts | 170/4 | €379,288 | €363,039 | -€16,249 | -4.3% |
| Amounts payable within one year | 42/48 | €68,282 | €77,509 | +€9,227 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €56,590 | €65,861 | +€9,270 | +16.4% |
| Trade debts | 44 | €71 | €152 | +€81 | +113.8% |
| Suppliers | 440/4 | €71 | €152 | +€81 | +113.8% |
| Taxes, remuneration and social security | 45 | €9,207 | €1,496 | -€7,711 | -83.7% |
| Taxes | 450/3 | €6,607 | €1,496 | -€5,111 | -77.4% |
| Remuneration and social security | 454/9 | €2,600 | - | -€2,600 | |
| Other amounts payable | 47/48 | €2,413 | €10,000 | +€7,587 | +314.4% |
| Accrued charges and deferred income | 492/3 | €1,772 | €1,922 | +€150 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,199 | €36,430 | -€769 | -2.1% |
| Other operating charges | 640/8 | €3,084 | €3,467 | +€383 | +12.4% |
| Non-recurring operating charges | 66A | €4,337 | €12,579 | +€8,242 | +190.0% |
| Gross operating margin | 9900 | €159,876 | €151,916 | -€7,960 | -5.0% |
| Operating profit (loss) | 9901 | €115,256 | €99,439 | -€15,817 | -13.7% |
| Financial income | 75/76B | €190 | €365 | +€175 | +91.8% |
| Recurring financial income | 75 | €190 | €365 | +€175 | +91.8% |
| Financial charges | 65/66B | €11,955 | €12,124 | +€169 | +1.4% |
| Recurring financial charges | 65 | €11,955 | €12,124 | +€169 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €103,491 | €87,680 | -€15,811 | -15.3% |
| Income taxes | 67/77 | €27,833 | €23,227 | -€4,606 | -16.5% |
| Profit (loss) for the period | 9904 | €75,658 | €64,453 | -€11,205 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,658 | €64,453 | -€11,205 | -14.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.