LAIF: 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.
LAIF
Largest movements
- Cash +€5,831
up €5,831 (+144%), from €4,060 to €9,891
mainly Net result for the year (+€16,622) and Tax, wage and social debts (+€7,189)
- Profit (loss) carried forward +€16,622
up €16,622 (+26.8%), from €62,087 to €78,709
- Other debts -€10,013
down €10,013 (-28.7%), from €34,903 to €24,890
- Tax, wage and social debts +€7,189
up €7,189 (+92.0%), from €7,817 to €15,006
of which Taxes: +€7,301
- Current portion of long-term debt -€5,339
no longer reported in 2025 (was €5,339)
- Trade debts -€4,940
down €4,940 (-70.9%), from €6,967 to €2,027
of which Bills of exchange payable: -€6,375
- Gross operating margin +€15,107
up €15,107 (+57.4%), from €26,340 to €41,447
- Taxes +€4,142
up €4,142 (+178%), from €2,326 to €6,468
- Other operating charges +€4,048
up €4,048 (+1,299%), from €312 to €4,360
- Staff costs -€3,251
down €3,251 (-20.6%), from €15,769 to €12,518
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 | €139,113 | €143,124 | +€4,011 | +2.9% |
| Fixed assets | 21/28 | €130,112 | €128,120 | -€1,992 | -1.5% |
| Tangible fixed assets | 22/27 | €3,699 | €3,120 | -€579 | -15.7% |
| Plant, machinery and equipment | 23 | €3,699 | €3,120 | -€579 | -15.7% |
| Financial fixed assets | 28 | €126,413 | €125,000 | -€1,413 | -1.1% |
| Current assets | 29/58 | €9,001 | €15,004 | +€6,003 | +66.7% |
| Stocks and contracts in progress | 3 | €2,145 | €1,840 | -€305 | -14.2% |
| Stocks | 30/36 | €2,145 | €1,840 | -€305 | -14.2% |
| Amounts receivable within one year | 40/41 | €2,000 | €2,006 | +€6 | +0.3% |
| Trade receivables | 40 | - | €6 | +€6 | |
| Other amounts receivable | 41 | €2,000 | €2,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,060 | €9,891 | +€5,831 | +144% |
| Deferred charges and accrued income | 490/1 | €796 | €1,267 | +€472 | +59.3% |
| Total equity and liabilities | 10/49 | €139,113 | €143,124 | +€4,011 | +2.9% |
| Equity | 10/15 | €84,087 | €100,709 | +€16,622 | +19.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,087 | €78,709 | +€16,622 | +26.8% |
| Amounts payable | 17/49 | €55,026 | €42,415 | -€12,611 | -22.9% |
| Amounts payable within one year | 42/48 | €55,026 | €41,923 | -€13,103 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €5,339 | - | -€5,339 | |
| Trade debts | 44 | €6,967 | €2,027 | -€4,940 | -70.9% |
| Suppliers | 440/4 | €592 | €2,027 | +€1,435 | +243% |
| Bills of exchange payable | 441 | €6,375 | - | -€6,375 | |
| Taxes, remuneration and social security | 45 | €7,817 | €15,006 | +€7,189 | +92.0% |
| Taxes | 450/3 | €5,516 | €12,818 | +€7,301 | +132% |
| Remuneration and social security | 454/9 | €2,301 | €2,188 | -€113 | -4.9% |
| Other amounts payable | 47/48 | €34,903 | €24,890 | -€10,013 | -28.7% |
| Accrued charges and deferred income | 492/3 | - | €492 | +€492 | |
| Remuneration, social security and pensions | 62 | €15,769 | €12,518 | -€3,251 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €520 | €579 | +€59 | +11.3% |
| Other operating charges | 640/8 | €312 | €4,360 | +€4,048 | +1,299% |
| Gross operating margin | 9900 | €26,340 | €41,447 | +€15,107 | +57.4% |
| Operating profit (loss) | 9901 | €9,740 | €23,991 | +€14,251 | +146% |
| Financial income | 75/76B | €12 | €11 | -€1 | -7.0% |
| Recurring financial income | 75 | €12 | €11 | -€1 | -7.0% |
| Financial charges | 65/66B | €609 | €913 | +€303 | +49.8% |
| Recurring financial charges | 65 | €609 | €913 | +€303 | +49.8% |
| Profit (loss) for the period before taxes | 9903 | €9,143 | €23,090 | +€13,947 | +153% |
| Income taxes | 67/77 | €2,326 | €6,468 | +€4,142 | +178% |
| Profit (loss) for the period | 9904 | €6,817 | €16,622 | +€9,805 | +144% |
| Profit (loss) for the period to be appropriated | 9905 | €6,817 | €16,622 | +€9,805 | +144% |
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 29 October 2026 via checked.be.