LAFOURT MAXIME: 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.
LAFOURT MAXIME
Largest movements
- Tangible fixed assets -€10,839
down €10,839 (-19.6%), from €55,344 to €44,505
of which Furniture and vehicles: -€9,939
- Cash +€9,744
up €9,744 (+63.7%), from €15,290 to €25,034
mainly Other debts (+€18,011) and Depreciation (+€10,839)
- Reserves -€30,241
down €30,241 (-59.9%), from €50,482 to €20,240
- Other debts +€18,011
up €18,011 (+37.6%), from €47,867 to €65,878
- Trade debts +€9,577
new in 2025: €9,577
- Gross operating margin -€33,797
down €33,797 (-74.1%), from €45,595 to €11,798
- Depreciation +€8,355
up €8,355 (+336%), from €2,484 to €10,839
- Taxes -€6,696
down €6,696 (-94.4%), from €7,096 to €401
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 | €100,848 | €98,859 | -€1,989 | -2.0% |
| Fixed assets | 21/28 | €55,390 | €44,550 | -€10,839 | -19.6% |
| Tangible fixed assets | 22/27 | €55,344 | €44,505 | -€10,839 | -19.6% |
| Plant, machinery and equipment | 23 | €720 | €536 | -€184 | -25.5% |
| Furniture and vehicles | 24 | €47,735 | €37,796 | -€9,939 | -20.8% |
| Other tangible fixed assets | 26 | €6,890 | €6,172 | -€717 | -10.4% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €45,458 | €54,309 | +€8,850 | +19.5% |
| Amounts receivable within one year | 40/41 | €29,555 | €29,275 | -€280 | -0.9% |
| Trade receivables | 40 | €20,439 | €19,596 | -€844 | -4.1% |
| Other amounts receivable | 41 | €9,116 | €9,679 | +€564 | +6.2% |
| Cash at bank and in hand | 54/58 | €15,290 | €25,034 | +€9,744 | +63.7% |
| Deferred charges and accrued income | 490/1 | €613 | - | -€613 | |
| Total equity and liabilities | 10/49 | €100,848 | €98,859 | -€1,989 | -2.0% |
| Equity | 10/15 | €52,982 | €22,740 | -€30,241 | -57.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €50,482 | €20,240 | -€30,241 | -59.9% |
| Distributable reserves | 133 | €50,482 | €20,240 | -€30,241 | -59.9% |
| Amounts payable | 17/49 | €47,867 | €76,119 | +€28,252 | +59.0% |
| Amounts payable within one year | 42/48 | €47,867 | €76,119 | +€28,252 | +59.0% |
| Trade debts | 44 | - | €9,577 | +€9,577 | |
| Suppliers | 440/4 | - | €9,577 | +€9,577 | |
| Taxes, remuneration and social security | 45 | - | €664 | +€664 | |
| Taxes | 450/3 | - | €664 | +€664 | |
| Other amounts payable | 47/48 | €47,867 | €65,878 | +€18,011 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,484 | €10,839 | +€8,355 | +336% |
| Other operating charges | 640/8 | €671 | €686 | +€15 | +2.3% |
| Non-recurring operating charges | 66A | €672 | - | -€672 | |
| Gross operating margin | 9900 | €45,595 | €11,798 | -€33,797 | -74.1% |
| Operating profit (loss) | 9901 | €41,767 | €272 | -€41,495 | -99.3% |
| Financial income | 75/76B | €431 | €537 | +€107 | +24.8% |
| Recurring financial income | 75 | €431 | €537 | +€107 | +24.8% |
| Financial charges | 65/66B | €120 | €169 | +€49 | +40.8% |
| Recurring financial charges | 65 | €120 | €169 | +€49 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | €42,078 | €641 | -€41,437 | -98.5% |
| Income taxes | 67/77 | €7,096 | €401 | -€6,696 | -94.4% |
| Profit (loss) for the period | 9904 | €34,982 | €240 | -€34,741 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,982 | €240 | -€34,741 | -99.3% |
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 22 October 2026 via checked.be.