LFL Consulting: 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.
LFL Consulting
Largest movements
- Cash +€19,762
up €19,762 (+25.5%), from €77,624 to €97,386
mainly Net result for the year (+€20,271) and Depreciation (+€19,084)
- Deferred charges and accrued income -€17,156
down €17,156 (-57.4%), from €29,873 to €12,717
- Tangible fixed assets -€13,658
down €13,658 (-4.7%), from €288,748 to €275,089
of which Land and buildings: -€11,025
- Debts after one year -€14,566
down €14,566 (-7.6%), from €190,672 to €176,106
of which Financial debts: -€12,436
- Reserves +€10,271
up €10,271 (+5.2%), from €196,871 to €207,142
of which Distributable reserves: +€10,271
- Gross operating margin +€14,141
up €14,141 (+33.0%), from €42,874 to €57,015
- Taxes +€3,814
up €3,814 (+65.1%), from €5,856 to €9,670
- Depreciation +€2,676
up €2,676 (+16.3%), from €16,407 to €19,084
- Other operating charges -€748
down €748 (-26.8%), from €2,791 to €2,043
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 | €421,225 | €417,321 | -€3,904 | -0.9% |
| Fixed assets | 21/28 | €288,748 | €275,089 | -€13,658 | -4.7% |
| Tangible fixed assets | 22/27 | €288,748 | €275,089 | -€13,658 | -4.7% |
| Land and buildings | 22 | €270,495 | €259,470 | -€11,025 | -4.1% |
| Plant, machinery and equipment | 23 | €4,377 | €3,191 | -€1,186 | -27.1% |
| Furniture and vehicles | 24 | €13,876 | €12,429 | -€1,447 | -10.4% |
| Current assets | 29/58 | €132,478 | €142,231 | +€9,754 | +7.4% |
| Amounts receivable within one year | 40/41 | €18,681 | €21,629 | +€2,948 | +15.8% |
| Trade receivables | 40 | €14,902 | €19,357 | +€4,455 | +29.9% |
| Other amounts receivable | 41 | €3,779 | €2,272 | -€1,507 | -39.9% |
| Current investments | 50/53 | €6,300 | €10,500 | +€4,200 | +66.7% |
| Cash at bank and in hand | 54/58 | €77,624 | €97,386 | +€19,762 | +25.5% |
| Deferred charges and accrued income | 490/1 | €29,873 | €12,717 | -€17,156 | -57.4% |
| Total equity and liabilities | 10/49 | €421,225 | €417,321 | -€3,904 | -0.9% |
| Equity | 10/15 | €203,132 | €213,404 | +€10,271 | +5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €196,871 | €207,142 | +€10,271 | +5.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €195,011 | €205,282 | +€10,271 | +5.3% |
| Profit (loss) carried forward | 14 | €61 | €61 | = | 0.0% |
| Amounts payable | 17/49 | €218,093 | €203,917 | -€14,176 | -6.5% |
| Amounts payable after more than one year | 17 | €190,672 | €176,106 | -€14,566 | -7.6% |
| Financial debts | 170/4 | €188,541 | €176,106 | -€12,436 | -6.6% |
| Other amounts payable | 178/9 | €2,131 | - | -€2,131 | |
| Amounts payable within one year | 42/48 | €27,421 | €27,812 | +€390 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €12,217 | €12,436 | +€219 | +1.8% |
| Financial debts | 43 | - | €2,693 | +€2,693 | |
| Credit institutions | 430/8 | - | €2,693 | +€2,693 | |
| Trade debts | 44 | €6,769 | €5,862 | -€908 | -13.4% |
| Suppliers | 440/4 | €6,769 | €5,862 | -€908 | -13.4% |
| Taxes, remuneration and social security | 45 | €8,435 | €6,810 | -€1,625 | -19.3% |
| Taxes | 450/3 | €8,435 | €6,810 | -€1,625 | -19.3% |
| Other amounts payable | 47/48 | - | €12 | +€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,407 | €19,084 | +€2,676 | +16.3% |
| Other operating charges | 640/8 | €2,791 | €2,043 | -€748 | -26.8% |
| Gross operating margin | 9900 | €42,874 | €57,015 | +€14,141 | +33.0% |
| Operating profit (loss) | 9901 | €23,676 | €35,888 | +€12,212 | +51.6% |
| Financial income | 75/76B | €422 | €641 | +€220 | +52.1% |
| Recurring financial income | 75 | €422 | €641 | +€220 | +52.1% |
| Financial charges | 65/66B | €7,024 | €6,588 | -€436 | -6.2% |
| Recurring financial charges | 65 | €7,024 | €6,588 | -€436 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €17,073 | €29,942 | +€12,868 | +75.4% |
| Income taxes | 67/77 | €5,856 | €9,670 | +€3,814 | +65.1% |
| Profit (loss) for the period | 9904 | €11,217 | €20,271 | +€9,054 | +80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,217 | €20,271 | +€9,054 | +80.7% |
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 15 October 2026 via checked.be.