LF International: 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 International
Largest movements
- Stocks and contracts +€184,028
new in 2025: €184,028
- Financial fixed assets +€32,100
new in 2025: €32,100
- Receivables within one year +€2,315
up €2,315 (+1,154%), from €201 to €2,516
of which Trade receivables: +€2,315
- Debts after one year +€67,131
new in 2025: €67,131
- Other debts +€29,269
up €29,269 (+705%), from €4,151 to €33,420
- Profit (loss) carried forward +€28,740
up €28,740, from -€8,462 to €20,277
- Trade debts +€27,052
new in 2025: €27,052
- Contributions +€25,000
up €25,000 (+500%), from €5,000 to €30,000
- Gross operating margin +€42,277
up €42,277, from -€914 to €41,363
- Financial charges +€6,189
new in 2025: €6,189
- Taxes +€5,576
new in 2025: €5,576
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 | €689 | €222,003 | +€221,314 | +32,130% |
| Formation expenses | 20 | €488 | €209 | -€279 | -57.1% |
| Fixed assets | 21/28 | - | €32,868 | +€32,868 | |
| Tangible fixed assets | 22/27 | - | €768 | +€768 | |
| Furniture and vehicles | 24 | - | €768 | +€768 | |
| Financial fixed assets | 28 | - | €32,100 | +€32,100 | |
| Current assets | 29/58 | €201 | €188,926 | +€188,725 | +94,104% |
| Stocks and contracts in progress | 3 | - | €184,028 | +€184,028 | |
| Stocks | 30/36 | - | €184,028 | +€184,028 | |
| Amounts receivable within one year | 40/41 | €201 | €2,516 | +€2,315 | +1,154% |
| Trade receivables | 40 | - | €2,315 | +€2,315 | |
| Other amounts receivable | 41 | €201 | €201 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €296 | +€296 | |
| Deferred charges and accrued income | 490/1 | - | €2,086 | +€2,086 | |
| Total equity and liabilities | 10/49 | €689 | €222,003 | +€221,314 | +32,130% |
| Equity | 10/15 | -€3,462 | €50,277 | +€53,740 | |
| Contributions | 10/11 | €5,000 | €30,000 | +€25,000 | +500% |
| Profit (loss) carried forward | 14 | -€8,462 | €20,277 | +€28,740 | |
| Amounts payable | 17/49 | €4,151 | €171,725 | +€167,574 | +4,037% |
| Amounts payable after more than one year | 17 | - | €67,131 | +€67,131 | |
| Financial debts | 170/4 | - | €67,131 | +€67,131 | |
| Amounts payable within one year | 42/48 | €4,151 | €104,594 | +€100,443 | +2,420% |
| Current portion of amounts payable after more than one year | 42 | - | €17,869 | +€17,869 | |
| Financial debts | 43 | - | €10,490 | +€10,490 | |
| Credit institutions | 430/8 | - | €10,490 | +€10,490 | |
| Trade debts | 44 | - | €27,052 | +€27,052 | |
| Suppliers | 440/4 | - | €27,052 | +€27,052 | |
| Taxes, remuneration and social security | 45 | - | €15,764 | +€15,764 | |
| Taxes | 450/3 | - | €15,764 | +€15,764 | |
| Other amounts payable | 47/48 | €4,151 | €33,420 | +€29,269 | +705% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €279 | €281 | +€2 | +0.8% |
| Other operating charges | 640/8 | €387 | €577 | +€190 | +49.0% |
| Gross operating margin | 9900 | -€914 | €41,363 | +€42,277 | |
| Operating profit (loss) | 9901 | -€1,580 | €40,505 | +€42,085 | |
| Financial charges | 65/66B | - | €6,189 | +€6,189 | |
| Recurring financial charges | 65 | - | €6,189 | +€6,189 | |
| Profit (loss) for the period before taxes | 9903 | -€1,580 | €34,316 | +€35,896 | |
| Income taxes | 67/77 | - | €5,576 | +€5,576 | |
| Profit (loss) for the period | 9904 | -€1,580 | €28,740 | +€30,320 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,580 | €28,740 | +€30,320 |
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 22 October 2026 via checked.be.