LFMAL: 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.
LFMAL
Largest movements
- Receivables after one year -€40,000
no longer reported in 2025 (was €40,000)
- Receivables within one year +€26,432
up €26,432 (+43.0%), from €61,417 to €87,849
of which Other amounts receivable: +€38,639
- Cash +€17,376
up €17,376 (+226%), from €7,698 to €25,074
mainly Receivables after one year (+€40,000) and Trade debts (+€9,355)
- Tangible fixed assets -€1,794
down €1,794 (-30.4%), from €5,897 to €4,103
- Trade debts +€9,355
up €9,355 (+439%), from €2,133 to €11,488
- Profit (loss) carried forward -€8,552
down €8,552 (-45.0%), from -€19,013 to -€27,565
- Other debts +€5,861
up €5,861 (+8.9%), from €65,856 to €71,717
- Accrued charges and deferred income -€3,750
no longer reported in 2025 (was €3,750)
- Gross operating margin -€29,202
down €29,202, from €19,041 to -€10,161
- Taxes -€3,819
down €3,819, from €3,819 to -€0
- Financial income -€370
down €370 (-9.2%), from €4,041 to €3,671
- Other operating charges -€194
down €194 (-66.0%), from €294 to €100
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 | €121,158 | €123,018 | +€1,860 | +1.5% |
| Fixed assets | 21/28 | €5,897 | €4,103 | -€1,794 | -30.4% |
| Tangible fixed assets | 22/27 | €5,897 | €4,103 | -€1,794 | -30.4% |
| Plant, machinery and equipment | 23 | €5,897 | €4,103 | -€1,794 | -30.4% |
| Current assets | 29/58 | €115,261 | €118,914 | +€3,654 | +3.2% |
| Amounts receivable after more than one year | 29 | €40,000 | - | -€40,000 | |
| Other amounts receivable | 291 | €40,000 | - | -€40,000 | |
| Amounts receivable within one year | 40/41 | €61,417 | €87,849 | +€26,432 | +43.0% |
| Trade receivables | 40 | €17,858 | €5,651 | -€12,207 | -68.4% |
| Other amounts receivable | 41 | €43,559 | €82,198 | +€38,639 | +88.7% |
| Cash at bank and in hand | 54/58 | €7,698 | €25,074 | +€17,376 | +226% |
| Deferred charges and accrued income | 490/1 | €6,145 | €5,991 | -€154 | -2.5% |
| Total equity and liabilities | 10/49 | €121,158 | €123,018 | +€1,860 | +1.5% |
| Equity | 10/15 | €44,277 | €35,725 | -€8,552 | -19.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,890 | €50,890 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,656 | - | -€1,656 | |
| Reserves not available under the articles | 1311 | €1,656 | - | -€1,656 | |
| Distributable reserves | 133 | €49,234 | €50,890 | +€1,656 | +3.4% |
| Profit (loss) carried forward | 14 | -€19,013 | -€27,565 | -€8,552 | -45.0% |
| Amounts payable | 17/49 | €76,880 | €87,293 | +€10,412 | +13.5% |
| Amounts payable within one year | 42/48 | €73,130 | €87,293 | +€14,162 | +19.4% |
| Trade debts | 44 | €2,133 | €11,488 | +€9,355 | +439% |
| Suppliers | 440/4 | €2,133 | €11,488 | +€9,355 | +439% |
| Taxes, remuneration and social security | 45 | €5,142 | €4,088 | -€1,054 | -20.5% |
| Taxes | 450/3 | €5,142 | €4,088 | -€1,054 | -20.5% |
| Other amounts payable | 47/48 | €65,856 | €71,717 | +€5,861 | +8.9% |
| Accrued charges and deferred income | 492/3 | €3,750 | - | -€3,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,794 | €1,794 | -€0 | 0.0% |
| Other operating charges | 640/8 | €294 | €100 | -€194 | -66.0% |
| Gross operating margin | 9900 | €19,041 | -€10,161 | -€29,202 | |
| Operating profit (loss) | 9901 | €16,953 | -€12,055 | -€29,008 | |
| Financial income | 75/76B | €4,041 | €3,671 | -€370 | -9.2% |
| Recurring financial income | 75 | €4,041 | €3,671 | -€370 | -9.2% |
| Financial charges | 65/66B | €170 | €168 | -€2 | -1.2% |
| Recurring financial charges | 65 | €170 | €168 | -€2 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €20,824 | -€8,552 | -€29,376 | |
| Income taxes | 67/77 | €3,819 | -€0 | -€3,819 | |
| Profit (loss) for the period | 9904 | €17,005 | -€8,552 | -€25,558 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,005 | -€8,552 | -€25,558 |
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 23 October 2026 via checked.be.