LFIL: 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.
LFIL
Largest movements
- Receivables within one year -€56,116
down €56,116 (-81.2%), from €69,103 to €12,987
of which Trade receivables: -€55,891
- Cash +€20,140
up €20,140 (+58.7%), from €34,287 to €54,427
mainly Net result for the year (+€65,619) and Receivables within one year (+€56,116)
- Tangible fixed assets -€9,240
down €9,240 (-15.6%), from €59,096 to €49,856
of which Furniture and vehicles: -€12,177
- Deferred charges and accrued income +€4,657
up €4,657 (+314.2%), from €1,482 to €6,140
- Trade debts -€41,993
down €41,993 (-97.8%), from €42,925 to €931
- Other debts +€13,812
up €13,812 (+25.4%), from €54,280 to €68,092
- Debts after one year -€13,483
down €13,483 (-56.3%), from €23,943 to €10,460
- Gross operating margin +€22,870
up €22,870 (+30.0%), from €76,218 to €99,088
- Depreciation +€7,674
up €7,674 (+106.9%), from €7,178 to €14,852
- Taxes +€2,594
up €2,594 (+18.3%), from €14,143 to €16,737
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 | €163,969 | €123,409 | -€40,559 | -24.7% |
| Fixed assets | 21/28 | €59,096 | €49,856 | -€9,240 | -15.6% |
| Tangible fixed assets | 22/27 | €59,096 | €49,856 | -€9,240 | -15.6% |
| Plant, machinery and equipment | 23 | €1,134 | €3,795 | +€2,661 | +234.6% |
| Furniture and vehicles | 24 | €49,064 | €36,888 | -€12,177 | -24.8% |
| Other tangible fixed assets | 26 | €8,898 | €9,173 | +€276 | +3.1% |
| Current assets | 29/58 | €104,873 | €73,553 | -€31,319 | -29.9% |
| Amounts receivable within one year | 40/41 | €69,103 | €12,987 | -€56,116 | -81.2% |
| Trade receivables | 40 | €68,866 | €12,975 | -€55,891 | -81.2% |
| Other amounts receivable | 41 | €237 | €12 | -€225 | -95.0% |
| Cash at bank and in hand | 54/58 | €34,287 | €54,427 | +€20,140 | +58.7% |
| Deferred charges and accrued income | 490/1 | €1,482 | €6,140 | +€4,657 | +314.2% |
| Total equity and liabilities | 10/49 | €163,969 | €123,409 | -€40,559 | -24.7% |
| Equity | 10/15 | €7,606 | €7,606 | = | 0.0% |
| Contributions | 10/11 | €7,606 | €6,200 | -€1,406 | -18.5% |
| Reserves | 13 | - | €1,406 | +€1,406 | |
| Distributable reserves | 133 | - | €1,406 | +€1,406 | |
| Amounts payable | 17/49 | €156,363 | €115,803 | -€40,559 | -25.9% |
| Amounts payable after more than one year | 17 | €23,943 | €10,460 | -€13,483 | -56.3% |
| Financial debts | 170/4 | €23,943 | €10,460 | -€13,483 | -56.3% |
| Amounts payable within one year | 42/48 | €131,824 | €105,343 | -€26,481 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €12,972 | €13,483 | +€511 | +3.9% |
| Trade debts | 44 | €42,925 | €931 | -€41,993 | -97.8% |
| Suppliers | 440/4 | €42,925 | €931 | -€41,993 | -97.8% |
| Taxes, remuneration and social security | 45 | €21,648 | €22,837 | +€1,188 | +5.5% |
| Taxes | 450/3 | €21,648 | €22,837 | +€1,188 | +5.5% |
| Other amounts payable | 47/48 | €54,280 | €68,092 | +€13,812 | +25.4% |
| Accrued charges and deferred income | 492/3 | €595 | - | -€595 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,178 | €14,852 | +€7,674 | +106.9% |
| Other operating charges | 640/8 | €467 | €480 | +€12 | +2.7% |
| Gross operating margin | 9900 | €76,218 | €99,088 | +€22,870 | +30.0% |
| Operating profit (loss) | 9901 | €68,573 | €83,757 | +€15,184 | +22.1% |
| Financial income | 75/76B | €0 | €94 | +€93 | +84945.5% |
| Recurring financial income | 75 | €0 | €94 | +€93 | +84945.5% |
| Financial charges | 65/66B | €560 | €1,494 | +€934 | +167.0% |
| Recurring financial charges | 65 | €560 | €1,494 | +€934 | +167.0% |
| Profit (loss) for the period before taxes | 9903 | €68,013 | €82,356 | +€14,343 | +21.1% |
| Income taxes | 67/77 | €14,143 | €16,737 | +€2,594 | +18.3% |
| Profit (loss) for the period | 9904 | €53,870 | €65,619 | +€11,749 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,870 | €65,619 | +€11,749 | +21.8% |
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 1 October 2026 via checked.be.