LAFRACO: 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.
LAFRACO
Largest movements
- Tangible fixed assets +€305,877
up €305,877 (+70.2%), from €435,806 to €741,683
of which Land and buildings: +€287,955
- Receivables within one year -€158,482
down €158,482 (-62.7%), from €252,956 to €94,475
of which Other amounts receivable: -€164,405
- Cash -€57,702
down €57,702 (-24.9%), from €231,489 to €173,787
mainly Investment in fixed assets (net) (-€353,906) and Contributions, distributions and other (-€39,106)
- Debts after one year +€85,309
up €85,309 (+15.3%), from €558,113 to €643,422
of which Financial debts: +€85,309
- Short-term financial debts -€25,004
down €25,004 (-79.8%), from €31,349 to €6,344
- Gross operating margin -€242,435
down €242,435 (-75.0%), from €323,224 to €80,790
- Taxes -€20,200
down €20,200 (-65.0%), from €31,082 to €10,882
- Financial income -€18,501
down €18,501 (-29.8%), from €62,178 to €43,677
- Depreciation -€7,033
down €7,033 (-12.8%), from €55,062 to €48,029
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 | €1,567,134 | €1,653,586 | +€86,453 | +5.5% |
| Fixed assets | 21/28 | €1,060,806 | €1,366,683 | +€305,877 | +28.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €435,806 | €741,683 | +€305,877 | +70.2% |
| Land and buildings | 22 | €326,042 | €613,997 | +€287,955 | +88.3% |
| Furniture and vehicles | 24 | €109,764 | €85,778 | -€23,985 | -21.9% |
| Other tangible fixed assets | 26 | €0 | €41,908 | +€41,908 | |
| Financial fixed assets | 28 | €625,000 | €625,000 | = | 0.0% |
| Current assets | 29/58 | €506,328 | €286,904 | -€219,424 | -43.3% |
| Stocks and contracts in progress | 3 | €15,739 | €10,537 | -€5,202 | -33.1% |
| Stocks | 30/36 | €15,739 | €10,537 | -€5,202 | -33.1% |
| Amounts receivable within one year | 40/41 | €252,956 | €94,475 | -€158,482 | -62.7% |
| Trade receivables | 40 | €15,114 | €21,038 | +€5,924 | +39.2% |
| Other amounts receivable | 41 | €237,842 | €73,437 | -€164,405 | -69.1% |
| Cash at bank and in hand | 54/58 | €231,489 | €173,787 | -€57,702 | -24.9% |
| Deferred charges and accrued income | 490/1 | €6,143 | €8,105 | +€1,961 | +31.9% |
| Total equity and liabilities | 10/49 | €1,567,134 | €1,653,586 | +€86,453 | +5.5% |
| Equity | 10/15 | €811,798 | €809,860 | -€1,938 | -0.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €544,219 | €542,281 | -€1,938 | -0.4% |
| Tax-exempt reserves | 132 | €124,127 | €122,136 | -€1,990 | -1.6% |
| Distributable reserves | 133 | €420,093 | €420,145 | +€52 | 0.0% |
| Profit (loss) carried forward | 14 | €247,119 | €247,119 | = | 0.0% |
| Provisions and deferred taxes | 16 | €41,231 | €40,567 | -€663 | -1.6% |
| Deferred taxes | 168 | €41,231 | €40,567 | -€663 | -1.6% |
| Amounts payable | 17/49 | €714,104 | €803,159 | +€89,055 | +12.5% |
| Amounts payable after more than one year | 17 | €558,113 | €643,422 | +€85,309 | +15.3% |
| Financial debts | 170/4 | €558,113 | €643,422 | +€85,309 | +15.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €155,729 | €159,636 | +€3,907 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €92,485 | €108,706 | +€16,221 | +17.5% |
| Financial debts | 43 | €31,349 | €6,344 | -€25,004 | -79.8% |
| Credit institutions | 430/8 | €31,349 | €6,344 | -€25,004 | -79.8% |
| Trade debts | 44 | €5,642 | €16,212 | +€10,570 | +187.4% |
| Suppliers | 440/4 | €5,642 | €16,212 | +€10,570 | +187.4% |
| Taxes, remuneration and social security | 45 | €26,254 | €28,374 | +€2,120 | +8.1% |
| Taxes | 450/3 | €26,254 | €28,374 | +€2,120 | +8.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €262 | €101 | -€161 | -61.4% |
| Non-recurring operating income | 76A | €177,398 | €0 | -€177,398 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,062 | €48,029 | -€7,033 | -12.8% |
| Other operating charges | 640/8 | €6,461 | €4,964 | -€1,497 | -23.2% |
| Non-recurring operating charges | 66A | €19,225 | €0 | -€19,225 | -100.0% |
| Gross operating margin | 9900 | €323,224 | €80,790 | -€242,435 | -75.0% |
| Operating profit (loss) | 9901 | €242,476 | €27,797 | -€214,680 | -88.5% |
| Financial income | 75/76B | €62,178 | €43,677 | -€18,501 | -29.8% |
| Recurring financial income | 75 | €62,178 | €43,677 | -€18,501 | -29.8% |
| Financial charges | 65/66B | €25,268 | €24,088 | -€1,180 | -4.7% |
| Recurring financial charges | 65 | €25,268 | €24,088 | -€1,180 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €279,387 | €47,386 | -€232,001 | -83.0% |
| Transfer from deferred taxes | 780 | €4 | €663 | +€659 | +16041.6% |
| Transfer to deferred taxes | 680 | €41,235 | €0 | -€41,235 | -100.0% |
| Income taxes | 67/77 | €31,082 | €10,882 | -€20,200 | -65.0% |
| Profit (loss) for the period | 9904 | €207,074 | €37,167 | -€169,907 | -82.1% |
| Transfer from tax-exempt reserves | 789 | €12 | €1,990 | +€1,978 | +16041.6% |
| Transfer to tax-exempt reserves | 689 | €123,705 | €0 | -€123,705 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,381 | €39,158 | -€44,224 | -53.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.