Lerifin: 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.
Lerifin
Largest movements
- Receivables after one year +€126,000
up €126,000 (+56.0%), from €225,025 to €351,025
- Cash -€102,222
down €102,222 (-80.8%), from €126,575 to €24,353
mainly Receivables after one year (-€126,000) and Other debts (-€77,479)
- Tangible fixed assets -€30,989
down €30,989 (-13.7%), from €225,488 to €194,498
- Receivables within one year -€6,755
down €6,755 (-12.8%), from €52,757 to €46,001
of which Trade receivables: -€19,818
- Other debts -€77,479
down €77,479 (-55.1%), from €140,720 to €63,240
- Reserves +€73,600
up €73,600 (+19.8%), from €371,401 to €445,001
- Debts after one year -€7,387
down €7,387 (-10.9%), from €67,852 to €60,465
- Gross operating margin +€37,279
up €37,279 (+19.8%), from €188,357 to €225,636
- Taxes +€11,565
up €11,565 (+32.5%), from €35,536 to €47,101
- Depreciation -€5,231
down €5,231 (-14.4%), from €36,220 to €30,989
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 | €631,155 | €616,226 | -€14,929 | -2.4% |
| Fixed assets | 21/28 | €225,488 | €194,498 | -€30,989 | -13.7% |
| Tangible fixed assets | 22/27 | €225,488 | €194,498 | -€30,989 | -13.7% |
| Land and buildings | 22 | €173,853 | €162,603 | -€11,250 | -6.5% |
| Plant, machinery and equipment | 23 | €6,153 | €4,697 | -€1,456 | -23.7% |
| Furniture and vehicles | 24 | €29,278 | €15,840 | -€13,439 | -45.9% |
| Other tangible fixed assets | 26 | €16,203 | €11,359 | -€4,844 | -29.9% |
| Current assets | 29/58 | €405,667 | €421,727 | +€16,060 | +4.0% |
| Amounts receivable after more than one year | 29 | €225,025 | €351,025 | +€126,000 | +56.0% |
| Other amounts receivable | 291 | €225,025 | €351,025 | +€126,000 | +56.0% |
| Amounts receivable within one year | 40/41 | €52,757 | €46,001 | -€6,755 | -12.8% |
| Trade receivables | 40 | €52,757 | €32,938 | -€19,818 | -37.6% |
| Other amounts receivable | 41 | - | €13,063 | +€13,063 | |
| Cash at bank and in hand | 54/58 | €126,575 | €24,353 | -€102,222 | -80.8% |
| Deferred charges and accrued income | 490/1 | €1,311 | €348 | -€963 | -73.5% |
| Total equity and liabilities | 10/49 | €631,155 | €616,226 | -€14,929 | -2.4% |
| Equity | 10/15 | €372,401 | €446,001 | +€73,600 | +19.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | - | €1,000 | +€1,000 | |
| Issued capital | 100 | - | €1,000 | +€1,000 | |
| Reserves | 13 | €371,401 | €445,001 | +€73,600 | +19.8% |
| Distributable reserves | 133 | €371,401 | €445,001 | +€73,600 | +19.8% |
| Amounts payable | 17/49 | €258,754 | €170,224 | -€88,529 | -34.2% |
| Amounts payable after more than one year | 17 | €67,852 | €60,465 | -€7,387 | -10.9% |
| Financial debts | 170/4 | €67,852 | €60,465 | -€7,387 | -10.9% |
| Amounts payable within one year | 42/48 | €190,041 | €109,059 | -€80,982 | -42.6% |
| Current portion of amounts payable after more than one year | 42 | €9,981 | €7,387 | -€2,594 | -26.0% |
| Trade debts | 44 | €2,411 | €849 | -€1,562 | -64.8% |
| Suppliers | 440/4 | €2,411 | €849 | -€1,562 | -64.8% |
| Taxes, remuneration and social security | 45 | €36,930 | €37,583 | +€653 | +1.8% |
| Taxes | 450/3 | €36,930 | €35,215 | -€1,715 | -4.6% |
| Remuneration and social security | 454/9 | - | €2,368 | +€2,368 | |
| Other amounts payable | 47/48 | €140,720 | €63,240 | -€77,479 | -55.1% |
| Accrued charges and deferred income | 492/3 | €860 | €700 | -€160 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,220 | €30,989 | -€5,231 | -14.4% |
| Other operating charges | 640/8 | €3,530 | €3,857 | +€327 | +9.3% |
| Gross operating margin | 9900 | €188,357 | €225,636 | +€37,279 | +19.8% |
| Operating profit (loss) | 9901 | €148,607 | €190,789 | +€42,183 | +28.4% |
| Financial income | 75/76B | - | €399 | +€399 | |
| Recurring financial income | 75 | - | €399 | +€399 | |
| Financial charges | 65/66B | €1,221 | €487 | -€734 | -60.1% |
| Recurring financial charges | 65 | €1,221 | €487 | -€734 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €147,385 | €190,701 | +€43,316 | +29.4% |
| Income taxes | 67/77 | €35,536 | €47,101 | +€11,565 | +32.5% |
| Profit (loss) for the period | 9904 | €111,849 | €143,600 | +€31,751 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €111,849 | €143,600 | +€31,751 | +28.4% |
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 27 October 2026 via checked.be.