LIFOREX: 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.
LIFOREX
Largest movements
- Receivables within one year -€15,396
down €15,396 (-16.2%), from €95,317 to €79,921
of which Trade receivables: -€29,015
- Cash -€1,334
down €1,334 (-43.7%), from €3,052 to €1,718
mainly Tax, wage and social debts (-€31,046)
- Tax, wage and social debts -€31,046
down €31,046 (-97.0%), from €32,016 to €970
of which Taxes: -€25,956
- Profit (loss) carried forward +€6,376
up €6,376 (+35.9%), from -€17,770 to -€11,394
- Other debts +€5,301
up €5,301 (+759%), from €699 to €6,000
- Trade debts +€2,418
up €2,418 (+66.7%), from €3,623 to €6,041
- Gross operating margin -€47,159
down €47,159 (-86.2%), from €54,728 to €7,569
- Taxes -€8,618
no longer reported in 2025 (was €8,618)
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 | €98,755 | €81,805 | -€16,950 | -17.2% |
| Fixed assets | 21/28 | €387 | €166 | -€220 | -56.9% |
| Tangible fixed assets | 22/27 | €387 | €166 | -€220 | -56.9% |
| Furniture and vehicles | 24 | €387 | €166 | -€220 | -56.9% |
| Current assets | 29/58 | €98,369 | €81,638 | -€16,730 | -17.0% |
| Amounts receivable within one year | 40/41 | €95,317 | €79,921 | -€15,396 | -16.2% |
| Trade receivables | 40 | €70,317 | €41,302 | -€29,015 | -41.3% |
| Other amounts receivable | 41 | €25,000 | €38,619 | +€13,619 | +54.5% |
| Cash at bank and in hand | 54/58 | €3,052 | €1,718 | -€1,334 | -43.7% |
| Total equity and liabilities | 10/49 | €98,755 | €81,805 | -€16,950 | -17.2% |
| Equity | 10/15 | €62,418 | €68,794 | +€6,376 | +10.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €79,188 | €79,188 | = | 0.0% |
| Distributable reserves | 133 | €79,188 | €79,188 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,770 | -€11,394 | +€6,376 | +35.9% |
| Amounts payable | 17/49 | €36,337 | €13,011 | -€23,326 | -64.2% |
| Amounts payable within one year | 42/48 | €36,337 | €13,011 | -€23,326 | -64.2% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €3,623 | €6,041 | +€2,418 | +66.7% |
| Suppliers | 440/4 | €3,623 | €6,041 | +€2,418 | +66.7% |
| Taxes, remuneration and social security | 45 | €32,016 | €970 | -€31,046 | -97.0% |
| Taxes | 450/3 | €26,760 | €803 | -€25,956 | -97.0% |
| Remuneration and social security | 454/9 | €5,256 | €167 | -€5,089 | -96.8% |
| Other amounts payable | 47/48 | €699 | €6,000 | +€5,301 | +759% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220 | €220 | = | 0.0% |
| Other operating charges | 640/8 | €493 | €505 | +€12 | +2.4% |
| Gross operating margin | 9900 | €54,728 | €7,569 | -€47,159 | -86.2% |
| Operating profit (loss) | 9901 | €54,015 | €6,844 | -€47,171 | -87.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -94.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -94.3% |
| Financial charges | 65/66B | €173 | €468 | +€294 | +170% |
| Recurring financial charges | 65 | €173 | €468 | +€294 | +170% |
| Profit (loss) for the period before taxes | 9903 | €53,842 | €6,376 | -€47,466 | -88.2% |
| Income taxes | 67/77 | €8,618 | - | -€8,618 | |
| Profit (loss) for the period | 9904 | €45,224 | €6,376 | -€38,848 | -85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,224 | €6,376 | -€38,848 | -85.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.