LIFRA: 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.
LIFRA
Largest movements
- Tangible fixed assets -€13,149
down €13,149 (-11.9%), from €110,731 to €97,582
- Receivables within one year +€11,094
up €11,094 (+12.0%), from €92,458 to €103,552
of which Trade receivables: +€9,537
- Cash -€4,640
down €4,640 (-34.4%), from €13,497 to €8,857
mainly Receivables within one year (-€11,094) and Net result for the year (-€6,185)
- Profit (loss) carried forward -€6,185
down €6,185 (-16.4%), from €37,694 to €31,509
- Trade debts +€3,290
up €3,290 (+16.9%), from €19,418 to €22,709
- Debts after one year -€3,206
down €3,206 (-2.3%), from €141,700 to €138,495
of which Financial debts: -€5,000
- Gross operating margin +€11,567
up €11,567, from -€4,675 to €6,892
- Financial charges -€90
down €90 (-26.0%), from €345 to €255
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 | €217,347 | €211,204 | -€6,143 | -2.8% |
| Fixed assets | 21/28 | €110,731 | €97,582 | -€13,149 | -11.9% |
| Tangible fixed assets | 22/27 | €110,731 | €97,582 | -€13,149 | -11.9% |
| Land and buildings | 22 | €110,731 | €97,582 | -€13,149 | -11.9% |
| Current assets | 29/58 | €106,616 | €113,622 | +€7,006 | +6.6% |
| Stocks and contracts in progress | 3 | €136 | €177 | +€41 | +30.1% |
| Stocks | 30/36 | €136 | €177 | +€41 | +30.1% |
| Amounts receivable within one year | 40/41 | €92,458 | €103,552 | +€11,094 | +12.0% |
| Trade receivables | 40 | €11,998 | €21,535 | +€9,537 | +79.5% |
| Other amounts receivable | 41 | €80,460 | €82,017 | +€1,557 | +1.9% |
| Cash at bank and in hand | 54/58 | €13,497 | €8,857 | -€4,640 | -34.4% |
| Deferred charges and accrued income | 490/1 | €525 | €1,036 | +€510 | +97.1% |
| Total equity and liabilities | 10/49 | €217,347 | €211,204 | -€6,143 | -2.8% |
| Equity | 10/15 | €50,089 | €43,904 | -€6,185 | -12.3% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,694 | €31,509 | -€6,185 | -16.4% |
| Amounts payable | 17/49 | €167,259 | €167,301 | +€42 | 0.0% |
| Amounts payable after more than one year | 17 | €141,700 | €138,495 | -€3,206 | -2.3% |
| Financial debts | 170/4 | €5,000 | - | -€5,000 | |
| Other amounts payable | 178/9 | €136,700 | €138,495 | +€1,794 | +1.3% |
| Amounts payable within one year | 42/48 | €25,558 | €28,806 | +€3,248 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €19,418 | €22,709 | +€3,290 | +16.9% |
| Suppliers | 440/4 | €19,418 | €22,709 | +€3,290 | +16.9% |
| Taxes, remuneration and social security | 45 | €1,140 | €1,097 | -€43 | -3.7% |
| Taxes | 450/3 | €1,140 | €1,097 | -€43 | -3.7% |
| Non-recurring operating income | 76A | €188 | - | -€188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,185 | €13,149 | -€36 | -0.3% |
| Other operating charges | 640/8 | €1,061 | €1,087 | +€26 | +2.4% |
| Gross operating margin | 9900 | -€4,675 | €6,892 | +€11,567 | |
| Operating profit (loss) | 9901 | -€18,920 | -€7,343 | +€11,577 | +61.2% |
| Financial income | 75/76B | €1,449 | €1,427 | -€22 | -1.5% |
| Recurring financial income | 75 | €1,449 | €1,427 | -€22 | -1.5% |
| Financial charges | 65/66B | €345 | €255 | -€90 | -26.0% |
| Recurring financial charges | 65 | €345 | €255 | -€90 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,816 | -€6,171 | +€11,644 | +65.4% |
| Income taxes | 67/77 | €7 | €14 | +€6 | +82.3% |
| Profit (loss) for the period | 9904 | -€17,823 | -€6,185 | +€11,638 | +65.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,823 | -€6,185 | +€11,638 | +65.3% |
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.