LF Accountants: 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.
LF Accountants
Largest movements
- Tangible fixed assets -€17,514
down €17,514 (-10.8%), from €161,748 to €144,234
- Cash +€12,237
up €12,237 (+149%), from €8,188 to €20,425
mainly Net result for the year (+€35,801) and Depreciation (+€20,126)
- Receivables within one year -€7,429
down €7,429 (-28.7%), from €25,929 to €18,500
of which Other amounts receivable: -€9,783
- Intangible fixed assets -€2,612
no longer reported in 2025 (was €2,612)
- Deferred charges and accrued income +€2,013
up €2,013 (+241%), from €835 to €2,848
- Debts after one year -€17,022
down €17,022 (-13.3%), from €127,733 to €110,711
- Trade debts -€5,923
down €5,923 (-89.9%), from €6,590 to €667
- Tax, wage and social debts +€4,248
up €4,248 (+33.9%), from €12,527 to €16,775
of which Taxes: +€5,928
- Other debts +€3,470
up €3,470 (+116%), from €3,000 to €6,470
- Gross operating margin +€8,635
up €8,635 (+9.4%), from €92,086 to €100,721
- Taxes +€2,206
up €2,206 (+20.9%), from €10,565 to €12,771
- Staff costs +€1,187
up €1,187 (+4.7%), from €25,218 to €26,405
- Depreciation -€1,045
down €1,045 (-4.9%), from €21,171 to €20,126
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 | €199,312 | €186,007 | -€13,305 | -6.7% |
| Fixed assets | 21/28 | €164,360 | €144,234 | -€20,126 | -12.2% |
| Intangible fixed assets | 21 | €2,612 | - | -€2,612 | |
| Tangible fixed assets | 22/27 | €161,748 | €144,234 | -€17,514 | -10.8% |
| Land and buildings | 22 | €107,379 | €100,224 | -€7,155 | -6.7% |
| Plant, machinery and equipment | 23 | €1,396 | €601 | -€795 | -56.9% |
| Furniture and vehicles | 24 | €7,022 | €4,830 | -€2,192 | -31.2% |
| Other tangible fixed assets | 26 | €45,951 | €38,579 | -€7,372 | -16.0% |
| Current assets | 29/58 | €34,952 | €41,773 | +€6,821 | +19.5% |
| Amounts receivable within one year | 40/41 | €25,929 | €18,500 | -€7,429 | -28.7% |
| Trade receivables | 40 | €6,007 | €8,361 | +€2,354 | +39.2% |
| Other amounts receivable | 41 | €19,922 | €10,139 | -€9,783 | -49.1% |
| Cash at bank and in hand | 54/58 | €8,188 | €20,425 | +€12,237 | +149% |
| Deferred charges and accrued income | 490/1 | €835 | €2,848 | +€2,013 | +241% |
| Total equity and liabilities | 10/49 | €199,312 | €186,007 | -€13,305 | -6.7% |
| Equity | 10/15 | €33,561 | €34,362 | +€801 | +2.4% |
| Contributions | 10/11 | €6,307 | €6,307 | = | 0.0% |
| Reserves | 13 | €27,254 | €28,055 | +€801 | +2.9% |
| Distributable reserves | 133 | €27,254 | €28,055 | +€801 | +2.9% |
| Amounts payable | 17/49 | €165,751 | €151,645 | -€14,106 | -8.5% |
| Amounts payable after more than one year | 17 | €127,733 | €110,711 | -€17,022 | -13.3% |
| Financial debts | 170/4 | €127,733 | €110,711 | -€17,022 | -13.3% |
| Amounts payable within one year | 42/48 | €38,018 | €40,934 | +€2,916 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €15,901 | €17,022 | +€1,121 | +7.0% |
| Trade debts | 44 | €6,590 | €667 | -€5,923 | -89.9% |
| Suppliers | 440/4 | €6,590 | €667 | -€5,923 | -89.9% |
| Taxes, remuneration and social security | 45 | €12,527 | €16,775 | +€4,248 | +33.9% |
| Taxes | 450/3 | €10,847 | €16,775 | +€5,928 | +54.7% |
| Remuneration and social security | 454/9 | €1,680 | - | -€1,680 | |
| Other amounts payable | 47/48 | €3,000 | €6,470 | +€3,470 | +116% |
| Remuneration, social security and pensions | 62 | €25,218 | €26,405 | +€1,187 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,171 | €20,126 | -€1,045 | -4.9% |
| Other operating charges | 640/8 | €1,802 | €2,546 | +€744 | +41.3% |
| Gross operating margin | 9900 | €92,086 | €100,721 | +€8,635 | +9.4% |
| Operating profit (loss) | 9901 | €43,895 | €51,644 | +€7,749 | +17.7% |
| Financial income | 75/76B | €273 | - | -€273 | |
| Recurring financial income | 75 | €273 | - | -€273 | |
| Financial charges | 65/66B | €2,860 | €3,072 | +€212 | +7.4% |
| Recurring financial charges | 65 | €2,860 | €3,072 | +€212 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €41,308 | €48,572 | +€7,264 | +17.6% |
| Income taxes | 67/77 | €10,565 | €12,771 | +€2,206 | +20.9% |
| Profit (loss) for the period | 9904 | €30,743 | €35,801 | +€5,058 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,743 | €35,801 | +€5,058 | +16.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.