LFB: what changed
Two fiscal 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.
LFB
Largest movements
- Cash +€707,050
up €707,050 (+10.4%), from €6.8m to €7.5m
mainly Net result for the year (+€507,560) and Depreciation (+€234,227)
- Tangible fixed assets -€234,227
down €234,227 (-3.0%), from €7.9m to €7.6m
- Profit (loss) carried forward +€482,182
up €482,182 (+14.2%), from €3.4m to €3.9m
- Turnover +€1.3m
new in 2025: €1.3m
- Financial income -€83,246
down €83,246 (-41.2%), from €202,098 to €118,852
- Gross operating margin +€33,488
up €33,488 (+2.6%), from €1.3m to €1.3m
- Depreciation +€17,190
up €17,190 (+7.9%), from €217,037 to €234,227
- Write-downs -€17,190
no longer reported in 2025 (was €17,190)
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.
Cash bridge derived
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 | €14,743,745 | €15,199,495 | +€455,750 | +3.1% |
| Fixed assets | 21/28 | €7,868,948 | €7,634,721 | -€234,227 | -3.0% |
| Tangible fixed assets | 22/27 | €7,868,948 | €7,634,721 | -€234,227 | -3.0% |
| Other tangible fixed assets | 26 | €7,868,948 | €7,634,721 | -€234,227 | -3.0% |
| Current assets | 29/58 | €6,874,797 | €7,564,775 | +€689,977 | +10.0% |
| Cash at bank and in hand | 54/58 | €6,830,889 | €7,537,939 | +€707,050 | +10.4% |
| Deferred charges and accrued income | 490/1 | €43,909 | €26,836 | -€17,073 | -38.9% |
| Total equity and liabilities | 10/49 | €14,743,745 | €15,199,495 | +€455,750 | +3.1% |
| Equity | 10/15 | €6,461,009 | €6,968,569 | +€507,560 | +7.9% |
| Contributions | 10/11 | €2,877,992 | €2,877,992 | = | 0.0% |
| Capital | 10 | €2,877,992 | €2,877,992 | = | 0.0% |
| Issued capital | 100 | €2,877,992 | €2,877,992 | = | 0.0% |
| Reserves | 13 | €179,151 | €204,529 | +€25,378 | +14.2% |
| Non-distributable reserves | 130/1 | €179,151 | €204,529 | +€25,378 | +14.2% |
| Legal reserve | 130 | €179,151 | €204,529 | +€25,378 | +14.2% |
| Profit (loss) carried forward | 14 | €3,403,866 | €3,886,048 | +€482,182 | +14.2% |
| Amounts payable | 17/49 | €8,282,736 | €8,230,927 | -€51,809 | -0.6% |
| Amounts payable after more than one year | 17 | €8,000,000 | €8,000,000 | = | 0.0% |
| Financial debts | 170/4 | €8,000,000 | €8,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,230 | €17,542 | -€46,687 | -72.7% |
| Trade debts | 44 | €88 | €4,011 | +€3,924 | +4473.9% |
| Suppliers | 440/4 | €88 | €4,011 | +€3,924 | +4473.9% |
| Taxes, remuneration and social security | 45 | €64,142 | €13,531 | -€50,611 | -78.9% |
| Taxes | 450/3 | €64,142 | €13,531 | -€50,611 | -78.9% |
| Accrued charges and deferred income | 492/3 | €218,506 | €213,384 | -€5,122 | -2.3% |
| Turnover | 70 | - | €1,250,041 | +€1.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €11,348 | +€11,348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,037 | €234,227 | +€17,190 | +7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,190 | - | -€17,190 | |
| Other operating charges | 640/8 | €78,284 | €80,742 | +€2,457 | +3.1% |
| Gross operating margin | 9900 | €1,285,946 | €1,319,434 | +€33,488 | +2.6% |
| Operating profit (loss) | 9901 | €973,435 | €1,004,466 | +€31,031 | +3.2% |
| Financial income | 75/76B | €202,098 | €118,852 | -€83,246 | -41.2% |
| Recurring financial income | 75 | €202,098 | €118,852 | -€83,246 | -41.2% |
| Financial charges | 65/66B | €447,578 | €446,571 | -€1,007 | -0.2% |
| Recurring financial charges | 65 | €447,578 | €446,571 | -€1,007 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €727,955 | €676,746 | -€51,209 | -7.0% |
| Income taxes | 67/77 | €181,989 | €169,187 | -€12,802 | -7.0% |
| Profit (loss) for the period | 9904 | €545,966 | €507,560 | -€38,407 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €545,966 | €507,560 | -€38,407 | -7.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.