LFC: 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.
What changed
LFC
NACE 46.170, Agents in the wholesale of food, beverages and tobacco
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7,956
2024 · €6,821+€1,135
Equity
€526,980
2024 · €519,024+€7,956
Cash
€18,933
2024 · €19,544-€611
Balance sheet total
€874,481
2024 · €1.0m-€154,590
Largest movements
Assets
- Tangible fixed assets -€112,497
down €112,497 (-51.3%), from €219,323 to €106,826
of which Leasing and similar rights: -€94,942
- Receivables within one year -€19,029
down €19,029 (-5.8%), from €328,485 to €309,455
of which Trade receivables: -€28,574
- Stocks and contracts -€13,351
down €13,351 (-3.1%), from €435,242 to €421,891
Equity and liabilities
- Current portion of long-term debt -€70,434
down €70,434 (-50.0%), from €140,866 to €70,432
- Debts after one year -€70,432
down €70,432 (-59.6%), from €118,255 to €47,823
Income statement
- Gross operating margin -€62,448
down €62,448 (-19.2%), from €325,078 to €262,630
- Staff costs -€35,376
down €35,376 (-22.2%), from €159,342 to €123,966
- Other operating charges -€14,680
down €14,680 (-84.8%), from €17,318 to €2,638
- Financial charges -€8,123
down €8,123 (-41.2%), from €19,739 to €11,616
- Depreciation -€4,329
down €4,329 (-3.5%), from €124,516 to €120,187
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.
Result 2024
€6,821
Gross operating margin
-€62,448
Staff costs
+€35,376
Depreciation
+€4,329
Other operating charges
+€14,680
Financial income
+€1,057
Financial charges
+€8,123
Taxes
+€17
Result 2025
€7,956
raises the resultlowers the result
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.
From operations
+€142,969
Investment
-€2,714
Financing
-€140,866
Cash 2024
€19,544
From operations (derived)
+€142,969
Net result for the year
+€7,956
Depreciation
+€120,187
Stocks and contracts
+€13,351
Receivables within one year
+€19,029
Deferred charges and accrued income
+€4,126
Trade debts
-€7,757
Tax, wage and social debts
-€8,279
Accrued charges and deferred income
-€5,644
Investment (derived)
-€2,714
Investment in fixed assets (net)
-€2,714
Financing
-€140,866
Debts after one year
-€70,432
Current portion of long-term debt
-€70,434
Cash 2025
€18,933
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,029,070 | €874,481 | -€154,590 | -15.0% |
| Fixed assets | 21/28 | €232,590 | €115,117 | -€117,472 | -50.5% |
| Intangible fixed assets | 21 | €7,600 | €2,625 | -€4,975 | -65.5% |
| Tangible fixed assets | 22/27 | €219,323 | €106,826 | -€112,497 | -51.3% |
| Land and buildings | 22 | €450 | €0 | -€450 | -100% |
| Plant, machinery and equipment | 23 | €27,827 | €35,543 | +€7,716 | +27.7% |
| Furniture and vehicles | 24 | €40,190 | €26,686 | -€13,504 | -33.6% |
| Leasing and similar rights | 25 | €111,198 | €16,256 | -€94,942 | -85.4% |
| Other tangible fixed assets | 26 | €39,658 | €28,341 | -€11,317 | -28.5% |
| Financial fixed assets | 28 | €5,667 | €5,667 | = | 0.0% |
| Current assets | 29/58 | €796,481 | €759,363 | -€37,118 | -4.7% |
| Stocks and contracts in progress | 3 | €435,242 | €421,891 | -€13,351 | -3.1% |
| Stocks | 30/36 | €435,242 | €421,891 | -€13,351 | -3.1% |
| Amounts receivable within one year | 40/41 | €328,485 | €309,455 | -€19,029 | -5.8% |
| Trade receivables | 40 | €74,917 | €46,343 | -€28,574 | -38.1% |
| Other amounts receivable | 41 | €253,568 | €263,112 | +€9,544 | +3.8% |
| Cash at bank and in hand | 54/58 | €19,544 | €18,933 | -€611 | -3.1% |
| Deferred charges and accrued income | 490/1 | €13,210 | €9,084 | -€4,126 | -31.2% |
| Total equity and liabilities | 10/49 | €1,029,070 | €874,481 | -€154,590 | -15.0% |
| Equity | 10/15 | €519,024 | €526,980 | +€7,956 | +1.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €33,750 | €33,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €335,274 | €343,230 | +€7,956 | +2.4% |
| Amounts payable | 17/49 | €510,046 | €347,501 | -€162,546 | -31.9% |
| Amounts payable after more than one year | 17 | €118,255 | €47,823 | -€70,432 | -59.6% |
| Financial debts | 170/4 | €118,255 | €47,823 | -€70,432 | -59.6% |
| Amounts payable within one year | 42/48 | €371,107 | €284,637 | -€86,470 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €140,866 | €70,432 | -€70,434 | -50.0% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €106,734 | €98,976 | -€7,757 | -7.3% |
| Suppliers | 440/4 | €106,734 | €98,976 | -€7,757 | -7.3% |
| Taxes, remuneration and social security | 45 | €23,508 | €15,229 | -€8,279 | -35.2% |
| Taxes | 450/3 | €1,935 | €2,115 | +€180 | +9.3% |
| Remuneration and social security | 454/9 | €21,573 | €13,114 | -€8,459 | -39.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €20,684 | €15,041 | -€5,644 | -27.3% |
| Remuneration, social security and pensions | 62 | €159,342 | €123,966 | -€35,376 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,516 | €120,187 | -€4,329 | -3.5% |
| Other operating charges | 640/8 | €17,318 | €2,638 | -€14,680 | -84.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €325,078 | €262,630 | -€62,448 | -19.2% |
| Operating profit (loss) | 9901 | €23,902 | €15,840 | -€8,062 | -33.7% |
| Financial income | 75/76B | €3,065 | €4,122 | +€1,057 | +34.5% |
| Recurring financial income | 75 | €3,065 | €4,122 | +€1,057 | +34.5% |
| Financial charges | 65/66B | €19,739 | €11,616 | -€8,123 | -41.2% |
| Recurring financial charges | 65 | €19,739 | €11,616 | -€8,123 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | €7,228 | €8,346 | +€1,118 | +15.5% |
| Income taxes | 67/77 | €407 | €390 | -€17 | -4.2% |
| Profit (loss) for the period | 9904 | €6,821 | €7,956 | +€1,135 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,821 | €7,956 | +€1,135 | +16.6% |
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 16 October 2026 via checked.be.