LIFA: 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.
LIFA
Largest movements
- Tangible fixed assets -€30,308
down €30,308 (-24.7%), from €122,650 to €92,343
of which Plant, machinery and equipment: -€42,791
- Receivables within one year -€7,338
down €7,338 (-23.2%), from €31,695 to €24,357
of which Trade receivables: -€12,440
- Stocks and contracts +€2,202
up €2,202 (+13.0%), from €16,952 to €19,153
- Other debts -€21,300
down €21,300 (-76.9%), from €27,700 to €6,400
- Profit (loss) carried forward -€13,801
new in 2025: -€13,801
- Advances received -€3,842
down €3,842 (-48.8%), from €7,875 to €4,034
- Gross operating margin -€20,272
down €20,272 (-8.4%), from €240,788 to €220,516
- Staff costs +€10,871
up €10,871 (+6.1%), from €177,907 to €188,779
- Taxes -€5,274
no longer reported in 2025 (was €5,274)
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 | €217,502 | €181,638 | -€35,864 | -16.5% |
| Formation expenses | 20 | €551 | €319 | -€232 | -42.1% |
| Fixed assets | 21/28 | €124,042 | €93,335 | -€30,707 | -24.8% |
| Intangible fixed assets | 21 | €1,392 | €993 | -€399 | -28.7% |
| Tangible fixed assets | 22/27 | €122,650 | €92,343 | -€30,308 | -24.7% |
| Plant, machinery and equipment | 23 | €56,451 | €13,660 | -€42,791 | -75.8% |
| Furniture and vehicles | 24 | €25,892 | €51,041 | +€25,149 | +97.1% |
| Leasing and similar rights | 25 | €4,571 | - | -€4,571 | |
| Other tangible fixed assets | 26 | €35,737 | €27,642 | -€8,095 | -22.7% |
| Current assets | 29/58 | €92,910 | €87,984 | -€4,925 | -5.3% |
| Stocks and contracts in progress | 3 | €16,952 | €19,153 | +€2,202 | +13.0% |
| Stocks | 30/36 | €16,952 | €19,153 | +€2,202 | +13.0% |
| Amounts receivable within one year | 40/41 | €31,695 | €24,357 | -€7,338 | -23.2% |
| Trade receivables | 40 | €27,208 | €14,768 | -€12,440 | -45.7% |
| Other amounts receivable | 41 | €4,487 | €9,589 | +€5,102 | +113.7% |
| Cash at bank and in hand | 54/58 | €39,871 | €41,520 | +€1,648 | +4.1% |
| Deferred charges and accrued income | 490/1 | €4,392 | €2,955 | -€1,437 | -32.7% |
| Total equity and liabilities | 10/49 | €217,502 | €181,638 | -€35,864 | -16.5% |
| Equity | 10/15 | €102,866 | €89,066 | -€13,801 | -13.4% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €93,866 | €93,866 | = | 0.0% |
| 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 | €92,006 | €92,006 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€13,801 | -€13,801 | |
| Amounts payable | 17/49 | €114,636 | €92,573 | -€22,063 | -19.2% |
| Amounts payable within one year | 42/48 | €114,629 | €92,573 | -€22,056 | -19.2% |
| Trade debts | 44 | €59,492 | €60,929 | +€1,437 | +2.4% |
| Suppliers | 440/4 | €59,492 | €60,929 | +€1,437 | +2.4% |
| Advances received on contracts in progress | 46 | €7,875 | €4,034 | -€3,842 | -48.8% |
| Taxes, remuneration and social security | 45 | €19,562 | €21,210 | +€1,648 | +8.4% |
| Taxes | 450/3 | €4,417 | €7,151 | +€2,734 | +61.9% |
| Remuneration and social security | 454/9 | €15,145 | €14,059 | -€1,086 | -7.2% |
| Other amounts payable | 47/48 | €27,700 | €6,400 | -€21,300 | -76.9% |
| Accrued charges and deferred income | 492/3 | €7 | - | -€7 | |
| Remuneration, social security and pensions | 62 | €177,907 | €188,779 | +€10,871 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,325 | €40,663 | +€2,337 | +6.1% |
| Other operating charges | 640/8 | €2,066 | €3,428 | +€1,363 | +66.0% |
| Gross operating margin | 9900 | €240,788 | €220,516 | -€20,272 | -8.4% |
| Operating profit (loss) | 9901 | €22,490 | -€12,354 | -€34,844 | |
| Financial income | 75/76B | €157 | €577 | +€420 | +267.1% |
| Recurring financial income | 75 | €157 | €577 | +€420 | +267.1% |
| Financial charges | 65/66B | €1,870 | €2,023 | +€154 | +8.2% |
| Recurring financial charges | 65 | €1,870 | €2,023 | +€154 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €20,777 | -€13,801 | -€34,578 | |
| Income taxes | 67/77 | €5,274 | - | -€5,274 | |
| Profit (loss) for the period | 9904 | €15,503 | -€13,801 | -€29,304 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,503 | -€13,801 | -€29,304 |
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 9 October 2026 via checked.be.