LF GROUP: 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 GROUP
Largest movements
- Cash -€34,179
down €34,179 (-47.1%), from €72,633 to €38,454
mainly Investment in fixed assets (net) (-€43,813) and Receivables within one year (-€21,068)
- Tangible fixed assets +€27,369
up €27,369 (+318%), from €8,614 to €35,983
of which Furniture and vehicles: +€28,327
- Receivables within one year +€21,068
up €21,068 (+100%), from €21,025 to €42,093
of which Trade receivables: +€36,893
- Financial fixed assets +€3,000
new in 2025: €3,000
- Profit (loss) carried forward +€15,073
up €15,073 (+18.5%), from €81,599 to €96,672
- Trade debts +€11,647
up €11,647 (+615%), from €1,894 to €13,541
- Tax, wage and social debts -€9,330
down €9,330 (-57.8%), from €16,139 to €6,809
of which Taxes: -€5,484
- Gross operating margin -€14,156
down €14,156 (-11.5%), from €122,710 to €108,554
- Staff costs +€12,861
up €12,861 (+22.4%), from €57,388 to €70,249
- Financial income +€7,290
new in 2025: €7,290
of which Non-recurring financial income: +€7,222
- Depreciation +€6,517
up €6,517 (+94.1%), from €6,927 to €13,444
- Other operating charges +€5,317
up €5,317 (+1,026%), from €518 to €5,835
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 | €102,272 | €119,530 | +€17,258 | +16.9% |
| Fixed assets | 21/28 | €8,614 | €38,983 | +€30,369 | +353% |
| Tangible fixed assets | 22/27 | €8,614 | €35,983 | +€27,369 | +318% |
| Plant, machinery and equipment | 23 | €1,916 | €958 | -€958 | -50.0% |
| Furniture and vehicles | 24 | €6,698 | €35,025 | +€28,327 | +423% |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €93,658 | €80,547 | -€13,111 | -14.0% |
| Amounts receivable within one year | 40/41 | €21,025 | €42,093 | +€21,068 | +100% |
| Trade receivables | 40 | €1,545 | €38,438 | +€36,893 | +2,388% |
| Other amounts receivable | 41 | €19,480 | €3,655 | -€15,825 | -81.2% |
| Cash at bank and in hand | 54/58 | €72,633 | €38,454 | -€34,179 | -47.1% |
| Total equity and liabilities | 10/49 | €102,272 | €119,530 | +€17,258 | +16.9% |
| Equity | 10/15 | €83,099 | €98,172 | +€15,073 | +18.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,599 | €96,672 | +€15,073 | +18.5% |
| Amounts payable | 17/49 | €19,173 | €21,358 | +€2,185 | +11.4% |
| Amounts payable within one year | 42/48 | €19,173 | €21,358 | +€2,185 | +11.4% |
| Trade debts | 44 | €1,894 | €13,541 | +€11,647 | +615% |
| Suppliers | 440/4 | €1,894 | €13,541 | +€11,647 | +615% |
| Taxes, remuneration and social security | 45 | €16,139 | €6,809 | -€9,330 | -57.8% |
| Taxes | 450/3 | €6,295 | €811 | -€5,484 | -87.1% |
| Remuneration and social security | 454/9 | €9,844 | €5,998 | -€3,846 | -39.1% |
| Other amounts payable | 47/48 | €1,140 | €1,008 | -€132 | -11.6% |
| Remuneration, social security and pensions | 62 | €57,388 | €70,249 | +€12,861 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,927 | €13,444 | +€6,517 | +94.1% |
| Other operating charges | 640/8 | €518 | €5,835 | +€5,317 | +1,026% |
| Non-recurring operating charges | 66A | €2,501 | - | -€2,501 | |
| Gross operating margin | 9900 | €122,710 | €108,554 | -€14,156 | -11.5% |
| Operating profit (loss) | 9901 | €55,376 | €19,026 | -€36,350 | -65.6% |
| Financial income | 75/76B | - | €7,290 | +€7,290 | |
| Recurring financial income | 75 | - | €68 | +€68 | |
| Non-recurring financial income | 76B | - | €7,222 | +€7,222 | |
| Financial charges | 65/66B | €592 | €363 | -€229 | -38.7% |
| Recurring financial charges | 65 | €592 | €363 | -€229 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €54,784 | €25,953 | -€28,831 | -52.6% |
| Income taxes | 67/77 | €7,017 | €10,880 | +€3,863 | +55.1% |
| Profit (loss) for the period | 9904 | €47,767 | €15,073 | -€32,694 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,767 | €15,073 | -€32,694 | -68.4% |
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 25 October 2026 via checked.be.