LAFIRO: 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.
LAFIRO
Largest movements
- Receivables within one year +€13,779
up €13,779 (+52.1%), from €26,472 to €40,251
of which Trade receivables: +€13,773
- Cash +€3,004
up €3,004 (+1.9%), from €159,410 to €162,413
mainly Other debts (+€113,346) and Net result for the year (+€87,832)
- Tangible fixed assets -€2,861
down €2,861 (-38.0%), from €7,532 to €4,671
of which Furniture and vehicles: -€2,214
- Other debts +€113,346
up €113,346 (+232.3%), from €48,802 to €162,147
- Reserves -€90,109
down €90,109 (-90.6%), from €99,485 to €9,376
of which Distributable reserves: -€90,109
- Tax, wage and social debts -€8,219
down €8,219 (-32.9%), from €24,973 to €16,753
of which Taxes: -€7,449
- Gross operating margin +€7,874
up €7,874 (+6.8%), from €115,626 to €123,500
- Taxes +€3,659
up €3,659 (+13.4%), from €27,370 to €31,030
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 | €193,438 | €207,360 | +€13,922 | +7.2% |
| Fixed assets | 21/28 | €7,557 | €4,696 | -€2,861 | -37.9% |
| Tangible fixed assets | 22/27 | €7,532 | €4,671 | -€2,861 | -38.0% |
| Land and buildings | 22 | €2,590 | €1,943 | -€648 | -25.0% |
| Furniture and vehicles | 24 | €4,942 | €2,728 | -€2,214 | -44.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €185,881 | €202,664 | +€16,783 | +9.0% |
| Amounts receivable within one year | 40/41 | €26,472 | €40,251 | +€13,779 | +52.1% |
| Trade receivables | 40 | €26,420 | €40,192 | +€13,773 | +52.1% |
| Other amounts receivable | 41 | €52 | €59 | +€7 | +13.0% |
| Cash at bank and in hand | 54/58 | €159,410 | €162,413 | +€3,004 | +1.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €193,438 | €207,360 | +€13,922 | +7.2% |
| Equity | 10/15 | €118,085 | €27,976 | -€90,109 | -76.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,485 | €9,376 | -€90,109 | -90.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €99,485 | €9,376 | -€90,109 | -90.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €75,353 | €179,384 | +€104,031 | +138.1% |
| Amounts payable within one year | 42/48 | €75,353 | €179,384 | +€104,031 | +138.1% |
| Trade debts | 44 | €1,579 | €484 | -€1,095 | -69.4% |
| Suppliers | 440/4 | €1,579 | €484 | -€1,095 | -69.4% |
| Taxes, remuneration and social security | 45 | €24,973 | €16,753 | -€8,219 | -32.9% |
| Taxes | 450/3 | €24,203 | €16,753 | -€7,449 | -30.8% |
| Remuneration and social security | 454/9 | €770 | €0 | -€770 | -100.0% |
| Other amounts payable | 47/48 | €48,802 | €162,147 | +€113,346 | +232.3% |
| Remuneration, social security and pensions | 62 | €291 | €337 | +€46 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,357 | €2,861 | -€496 | -14.8% |
| Other operating charges | 640/8 | €1,183 | €1,354 | +€171 | +14.4% |
| Gross operating margin | 9900 | €115,626 | €123,500 | +€7,874 | +6.8% |
| Operating profit (loss) | 9901 | €110,794 | €118,947 | +€8,153 | +7.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €71 | €86 | +€15 | +20.9% |
| Recurring financial charges | 65 | €71 | €86 | +€15 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €110,723 | €118,862 | +€8,139 | +7.4% |
| Income taxes | 67/77 | €27,370 | €31,030 | +€3,659 | +13.4% |
| Profit (loss) for the period | 9904 | €83,352 | €87,832 | +€4,479 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,352 | €87,832 | +€4,479 | +5.4% |
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 2 October 2026 via checked.be.