LAFRIMMO: 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.
LAFRIMMO
Largest movements
- Current investments -€70,000
down €70,000 (-100%), from €70,000 to €0
- Tangible fixed assets -€69,105
down €69,105 (-4.0%), from €1.7m to €1.7m
of which Land and buildings: -€66,094
- Cash +€52,429
up €52,429 (+51.9%), from €101,020 to €153,449
mainly Current investments (+€70,000) and Depreciation (+€69,105)
- Receivables within one year -€37,621
down €37,621 (-91.4%), from €41,177 to €3,557
of which Trade receivables: -€37,683
- Debts after one year -€50,000
down €50,000 (-11.1%), from €450,000 to €400,000
- Trade debts -€25,430
down €25,430 (-99.3%), from €25,598 to €168
- Gross operating margin +€15,439
up €15,439 (+27.7%), from €55,736 to €71,175
- Financial charges -€9,650
down €9,650 (-26.1%), from €37,016 to €27,366
- Depreciation +€7,532
up €7,532 (+12.2%), from €61,574 to €69,105
- Financial income -€1,480
down €1,480 (-32.0%), from €4,631 to €3,151
- Other operating charges -€742
down €742 (-8.9%), from €8,372 to €7,630
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,952,881 | €1,828,883 | -€123,997 | -6.3% |
| Fixed assets | 21/28 | €1,739,193 | €1,670,087 | -€69,105 | -4.0% |
| Tangible fixed assets | 22/27 | €1,739,193 | €1,670,087 | -€69,105 | -4.0% |
| Land and buildings | 22 | €1,734,183 | €1,668,089 | -€66,094 | -3.8% |
| Furniture and vehicles | 24 | €5,010 | €1,999 | -€3,011 | -60.1% |
| Current assets | 29/58 | €213,688 | €158,796 | -€54,892 | -25.7% |
| Amounts receivable within one year | 40/41 | €41,177 | €3,557 | -€37,621 | -91.4% |
| Trade receivables | 40 | €41,177 | €3,494 | -€37,683 | -91.5% |
| Other amounts receivable | 41 | - | €62 | +€62 | |
| Current investments | 50/53 | €70,000 | €0 | -€70,000 | -100% |
| Cash at bank and in hand | 54/58 | €101,020 | €153,449 | +€52,429 | +51.9% |
| Deferred charges and accrued income | 490/1 | €1,491 | €1,790 | +€300 | +20.1% |
| Total equity and liabilities | 10/49 | €1,952,881 | €1,828,883 | -€123,997 | -6.3% |
| Equity | 10/15 | €1,310,186 | €1,286,190 | -€23,996 | -1.8% |
| Contributions | 10/11 | €136,973 | €136,973 | = | 0.0% |
| Capital | 10 | €136,973 | €136,973 | = | 0.0% |
| Issued capital | 100 | €136,973 | €136,973 | = | 0.0% |
| Reserves | 13 | €1,076,948 | €1,058,722 | -€18,226 | -1.7% |
| Non-distributable reserves | 130/1 | €13,697 | €13,697 | = | 0.0% |
| Legal reserve | 130 | €13,697 | €13,697 | = | 0.0% |
| Tax-exempt reserves | 132 | €378,751 | €360,525 | -€18,226 | -4.8% |
| Distributable reserves | 133 | €684,500 | €684,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,264 | €90,494 | -€5,770 | -6.0% |
| Provisions and deferred taxes | 16 | €125,106 | €119,031 | -€6,075 | -4.9% |
| Deferred taxes | 168 | €125,106 | €119,031 | -€6,075 | -4.9% |
| Amounts payable | 17/49 | €517,589 | €423,663 | -€93,926 | -18.1% |
| Amounts payable after more than one year | 17 | €450,000 | €400,000 | -€50,000 | -11.1% |
| Financial debts | 170/4 | €450,000 | €400,000 | -€50,000 | -11.1% |
| Amounts payable within one year | 42/48 | €56,764 | €13,847 | -€42,916 | -75.6% |
| Trade debts | 44 | €25,598 | €168 | -€25,430 | -99.3% |
| Suppliers | 440/4 | €25,598 | €168 | -€25,430 | -99.3% |
| Taxes, remuneration and social security | 45 | €4,062 | €295 | -€3,767 | -92.7% |
| Taxes | 450/3 | €4,062 | €295 | -€3,767 | -92.7% |
| Other amounts payable | 47/48 | €27,103 | €13,384 | -€13,719 | -50.6% |
| Accrued charges and deferred income | 492/3 | €10,825 | €9,815 | -€1,010 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,574 | €69,105 | +€7,532 | +12.2% |
| Other operating charges | 640/8 | €8,372 | €7,630 | -€742 | -8.9% |
| Gross operating margin | 9900 | €55,736 | €71,175 | +€15,439 | +27.7% |
| Operating profit (loss) | 9901 | -€14,210 | -€5,560 | +€8,649 | +60.9% |
| Financial income | 75/76B | €4,631 | €3,151 | -€1,480 | -32.0% |
| Recurring financial income | 75 | €4,631 | €3,151 | -€1,480 | -32.0% |
| Financial charges | 65/66B | €37,016 | €27,366 | -€9,650 | -26.1% |
| Recurring financial charges | 65 | €37,016 | €27,366 | -€9,650 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,594 | -€29,776 | +€16,819 | +36.1% |
| Transfer from deferred taxes | 780 | €5,476 | €6,075 | +€600 | +11.0% |
| Income taxes | 67/77 | €299 | €296 | -€4 | -1.3% |
| Profit (loss) for the period | 9904 | -€41,418 | -€23,996 | +€17,422 | +42.1% |
| Transfer from tax-exempt reserves | 789 | €16,427 | €18,226 | +€1,799 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,991 | -€5,770 | +€19,221 | +76.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.