LF Management: what changed
What changed
LF Management
NACE 73.300, Public relations and communication consultancy
filed annual accounts (NBB)
Net result for the year
€29,064
2024 · €10,169+€18,895
Equity
€27,066
2024 · €39,722-€12,657
Cash
€2,353
2024 · €1,607+€746
Balance sheet total
€207,372
2024 · €225,310-€17,938
Largest movements
Assets
- Receivables within one year +€48,190
up €48,190 (+256%), from €18,858 to €67,048
of which Trade receivables: +€27,363
- Deferred charges and accrued income -€26,275
down €26,275 (-75.0%), from €35,032 to €8,757
- Receivables after one year -€22,834
down €22,834 (-52.1%), from €43,793 to €20,959
- Tangible fixed assets -€17,764
down €17,764 (-14.9%), from €119,294 to €101,530
of which Furniture and vehicles: -€19,939
Equity and liabilities
- Trade debts -€60,929
down €60,929 (-83.8%), from €72,705 to €11,776
- Accrued charges and deferred income +€46,969
up €46,969 (+25,286%), from €186 to €47,154
- Other debts +€29,064
up €29,064 (+10,502%), from €277 to €29,341
- Debts after one year -€17,807
down €17,807 (-28.6%), from €62,337 to €44,530
- Reserves -€12,657
down €12,657 (-32.7%), from €38,722 to €26,066
Income statement
- Gross operating margin +€32,100
up €32,100 (+73.8%), from €43,498 to €75,598
- Depreciation +€6,313
up €6,313 (+26.7%), from €23,680 to €29,994
- Taxes +€5,733
up €5,733 (+91.0%), from €6,297 to €12,030
- Financial charges +€858
up €858 (+24.2%), from €3,553 to €4,411
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,169
Gross operating margin
+€32,100
Depreciation
-€6,313
Other operating charges
+€89
Other operating items
-€155
Financial income
-€234
Financial charges
-€858
Taxes
-€5,733
Result 2025
€29,064
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€70,606
Investment
-€12,229
Financing
-€57,631
Cash 2024
€1,607
From operations (derived)
+€70,606
Net result for the year
+€29,064
Depreciation
+€29,994
Receivables after one year
+€22,834
Receivables within one year
-€48,190
Deferred charges and accrued income
+€26,275
Trade debts
-€60,929
Tax, wage and social debts
-€4,474
Other debts
+€29,064
Accrued charges and deferred income
+€46,969
Investment (derived)
-€12,229
Investment in fixed assets (net)
-€12,229
Financing
-€57,631
Debts after one year
-€17,807
Current portion of long-term debt
+€255
Short-term financial debts
+€1,643
Contributions, distributions and other
-€41,721
Cash 2025
€2,353
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,310 | €207,372 | -€17,938 | -8.0% |
| Fixed assets | 21/28 | €126,019 | €108,255 | -€17,764 | -14.1% |
| Tangible fixed assets | 22/27 | €119,294 | €101,530 | -€17,764 | -14.9% |
| Land and buildings | 22 | €51,512 | €53,686 | +€2,174 | +4.2% |
| Furniture and vehicles | 24 | €67,782 | €47,843 | -€19,939 | -29.4% |
| Financial fixed assets | 28 | €6,725 | €6,725 | = | 0.0% |
| Current assets | 29/58 | €99,291 | €99,117 | -€173 | -0.2% |
| Amounts receivable after more than one year | 29 | €43,793 | €20,959 | -€22,834 | -52.1% |
| Other amounts receivable | 291 | €43,793 | €20,959 | -€22,834 | -52.1% |
| Amounts receivable within one year | 40/41 | €18,858 | €67,048 | +€48,190 | +256% |
| Trade receivables | 40 | €9,890 | €37,253 | +€27,363 | +277% |
| Other amounts receivable | 41 | €8,968 | €29,795 | +€20,827 | +232% |
| Cash at bank and in hand | 54/58 | €1,607 | €2,353 | +€746 | +46.4% |
| Deferred charges and accrued income | 490/1 | €35,032 | €8,757 | -€26,275 | -75.0% |
| Total equity and liabilities | 10/49 | €225,310 | €207,372 | -€17,938 | -8.0% |
| Equity | 10/15 | €39,722 | €27,066 | -€12,657 | -31.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €38,722 | €26,066 | -€12,657 | -32.7% |
| Distributable reserves | 133 | €38,722 | €26,066 | -€12,657 | -32.7% |
| Amounts payable | 17/49 | €185,587 | €180,307 | -€5,281 | -2.8% |
| Amounts payable after more than one year | 17 | €62,337 | €44,530 | -€17,807 | -28.6% |
| Financial debts | 170/4 | €62,337 | €44,530 | -€17,807 | -28.6% |
| Amounts payable within one year | 42/48 | €123,065 | €88,622 | -€34,442 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €30,936 | €31,190 | +€255 | +0.8% |
| Financial debts | 43 | €2,826 | €4,469 | +€1,643 | +58.1% |
| Credit institutions | 430/8 | €2,826 | €4,469 | +€1,643 | +58.1% |
| Trade debts | 44 | €72,705 | €11,776 | -€60,929 | -83.8% |
| Suppliers | 440/4 | €72,705 | €11,776 | -€60,929 | -83.8% |
| Taxes, remuneration and social security | 45 | €16,321 | €11,847 | -€4,474 | -27.4% |
| Taxes | 450/3 | €16,321 | €11,847 | -€4,474 | -27.4% |
| Other amounts payable | 47/48 | €277 | €29,341 | +€29,064 | +10,502% |
| Accrued charges and deferred income | 492/3 | €186 | €47,154 | +€46,969 | +25,286% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,680 | €29,994 | +€6,313 | +26.7% |
| Other operating charges | 640/8 | €1,975 | €1,886 | -€89 | -4.5% |
| Non-recurring operating charges | 66A | - | €155 | +€155 | |
| Gross operating margin | 9900 | €43,498 | €75,598 | +€32,100 | +73.8% |
| Operating profit (loss) | 9901 | €17,842 | €43,563 | +€25,720 | +144% |
| Financial income | 75/76B | €2,177 | €1,943 | -€234 | -10.7% |
| Recurring financial income | 75 | €1,865 | €1,943 | +€78 | +4.2% |
| Non-recurring financial income | 76B | €311 | - | -€311 | |
| Financial charges | 65/66B | €3,553 | €4,411 | +€858 | +24.2% |
| Recurring financial charges | 65 | €3,553 | €4,411 | +€858 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €16,466 | €41,094 | +€24,628 | +150% |
| Income taxes | 67/77 | €6,297 | €12,030 | +€5,733 | +91.0% |
| Profit (loss) for the period | 9904 | €10,169 | €29,064 | +€18,895 | +186% |
| Profit (loss) for the period to be appropriated | 9905 | €10,169 | €29,064 | +€18,895 | +186% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.