LAFON: 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.
LAFON
Largest movements
- Tangible fixed assets +€154,783
up €154,783 (+21.7%), from €712,238 to €867,021
of which Land and buildings: +€89,471
- Current investments -€10,325
down €10,325 (-36.9%), from €27,988 to €17,663
- Reserves +€100,000
up €100,000 (+25.0%), from €400,000 to €500,000
- Debts after one year +€62,756
up €62,756 (+31.3%), from €200,231 to €262,987
- Other debts -€29,430
down €29,430 (-87.6%), from €33,596 to €4,166
- Profit (loss) carried forward +€11,531
up €11,531 (+31.8%), from €36,301 to €47,832
- Gross operating margin +€45,238
up €45,238 (+35.4%), from €127,796 to €173,034
- Financial income +€15,956
up €15,956 (+8815.5%), from €181 to €16,137
- Depreciation +€13,205
up €13,205 (+75.2%), from €17,555 to €30,760
- Taxes +€11,781
up €11,781 (+44.0%), from €26,773 to €38,554
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 | €807,743 | €948,565 | +€140,822 | +17.4% |
| Fixed assets | 21/28 | €712,238 | €867,021 | +€154,783 | +21.7% |
| Tangible fixed assets | 22/27 | €712,238 | €867,021 | +€154,783 | +21.7% |
| Land and buildings | 22 | €257,485 | €346,956 | +€89,471 | +34.7% |
| Furniture and vehicles | 24 | €452,149 | €518,063 | +€65,914 | +14.6% |
| Other tangible fixed assets | 26 | €2,604 | €2,002 | -€602 | -23.1% |
| Current assets | 29/58 | €95,505 | €81,544 | -€13,961 | -14.6% |
| Amounts receivable within one year | 40/41 | €3,227 | €3,227 | = | 0.0% |
| Other amounts receivable | 41 | €3,227 | €3,227 | = | 0.0% |
| Current investments | 50/53 | €27,988 | €17,663 | -€10,325 | -36.9% |
| Cash at bank and in hand | 54/58 | €63,015 | €59,174 | -€3,841 | -6.1% |
| Deferred charges and accrued income | 490/1 | €1,275 | €1,480 | +€205 | +16.1% |
| Total equity and liabilities | 10/49 | €807,743 | €948,565 | +€140,822 | +17.4% |
| Equity | 10/15 | €454,901 | €566,432 | +€111,531 | +24.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €400,000 | €500,000 | +€100,000 | +25.0% |
| Distributable reserves | 133 | €400,000 | €500,000 | +€100,000 | +25.0% |
| Profit (loss) carried forward | 14 | €36,301 | €47,832 | +€11,531 | +31.8% |
| Amounts payable | 17/49 | €352,842 | €382,133 | +€29,291 | +8.3% |
| Amounts payable after more than one year | 17 | €200,231 | €262,987 | +€62,756 | +31.3% |
| Financial debts | 170/4 | €200,231 | €262,987 | +€62,756 | +31.3% |
| Amounts payable within one year | 42/48 | €152,611 | €119,146 | -€33,465 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €32,550 | €31,114 | -€1,436 | -4.4% |
| Financial debts | 43 | €30,000 | €21,716 | -€8,284 | -27.6% |
| Credit institutions | 430/8 | €30,000 | €21,716 | -€8,284 | -27.6% |
| Trade debts | 44 | €6,934 | €4,780 | -€2,154 | -31.1% |
| Suppliers | 440/4 | €6,934 | €4,780 | -€2,154 | -31.1% |
| Taxes, remuneration and social security | 45 | €49,531 | €57,370 | +€7,839 | +15.8% |
| Taxes | 450/3 | €49,531 | €57,370 | +€7,839 | +15.8% |
| Other amounts payable | 47/48 | €33,596 | €4,166 | -€29,430 | -87.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,555 | €30,760 | +€13,205 | +75.2% |
| Other operating charges | 640/8 | €1,752 | €2,037 | +€285 | +16.3% |
| Gross operating margin | 9900 | €127,796 | €173,034 | +€45,238 | +35.4% |
| Operating profit (loss) | 9901 | €108,489 | €140,237 | +€31,748 | +29.3% |
| Financial income | 75/76B | €181 | €16,137 | +€15,956 | +8815.5% |
| Recurring financial income | 75 | €181 | €16,137 | +€15,956 | +8815.5% |
| Financial charges | 65/66B | €5,196 | €6,289 | +€1,093 | +21.0% |
| Recurring financial charges | 65 | €5,196 | €6,289 | +€1,093 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €103,474 | €150,085 | +€46,611 | +45.0% |
| Income taxes | 67/77 | €26,773 | €38,554 | +€11,781 | +44.0% |
| Profit (loss) for the period | 9904 | €76,701 | €111,531 | +€34,830 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €76,701 | €111,531 | +€34,830 | +45.4% |
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 3 October 2026 via checked.be.