LIFRA: 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.
LIFRA
Largest movements
- Receivables within one year +€107,320
up €107,320 (+173.3%), from €61,918 to €169,238
of which Trade receivables: +€97,248
- Cash -€18,525
down €18,525 (-12.4%), from €149,234 to €130,709
mainly Receivables within one year (-€107,320) and Stocks and contracts (-€14,940)
- Stocks and contracts +€14,940
up €14,940 (+99.2%), from €15,060 to €30,000
- Tangible fixed assets -€7,939
down €7,939 (-12.7%), from €62,347 to €54,408
of which Leasing and similar rights: -€15,761
- Reserves +€93,157
up €93,157 (+75.9%), from €122,692 to €215,849
- Trade debts +€31,111
up €31,111 (+44.3%), from €70,249 to €101,360
- Debts after one year -€13,976
down €13,976 (-39.2%), from €35,659 to €21,683
- Current portion of long-term debt -€9,673
down €9,673 (-40.9%), from €23,649 to €13,976
- Other debts -€7,149
down €7,149 (-37.3%), from €19,162 to €12,013
- Gross operating margin +€52,782
up €52,782 (+17.1%), from €308,892 to €361,674
- Staff costs +€39,458
up €39,458 (+24.2%), from €162,965 to €202,423
- Depreciation +€6,912
up €6,912 (+54.9%), from €12,582 to €19,493
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 | €294,843 | €390,715 | +€95,872 | +32.5% |
| Fixed assets | 21/28 | €62,347 | €54,408 | -€7,939 | -12.7% |
| Tangible fixed assets | 22/27 | €62,347 | €54,408 | -€7,939 | -12.7% |
| Land and buildings | 22 | €5,410 | €8,909 | +€3,498 | +64.7% |
| Plant, machinery and equipment | 23 | - | €5,109 | +€5,109 | |
| Furniture and vehicles | 24 | €3,735 | €2,949 | -€786 | -21.0% |
| Leasing and similar rights | 25 | €53,202 | €37,440 | -€15,761 | -29.6% |
| Current assets | 29/58 | €232,496 | €336,307 | +€103,811 | +44.7% |
| Stocks and contracts in progress | 3 | €15,060 | €30,000 | +€14,940 | +99.2% |
| Stocks | 30/36 | €15,060 | €30,000 | +€14,940 | +99.2% |
| Amounts receivable within one year | 40/41 | €61,918 | €169,238 | +€107,320 | +173.3% |
| Trade receivables | 40 | €45,508 | €142,757 | +€97,248 | +213.7% |
| Other amounts receivable | 41 | €16,409 | €26,482 | +€10,072 | +61.4% |
| Cash at bank and in hand | 54/58 | €149,234 | €130,709 | -€18,525 | -12.4% |
| Deferred charges and accrued income | 490/1 | €6,284 | €6,360 | +€76 | +1.2% |
| Total equity and liabilities | 10/49 | €294,843 | €390,715 | +€95,872 | +32.5% |
| Equity | 10/15 | €126,692 | €219,849 | +€93,157 | +73.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €122,692 | €215,849 | +€93,157 | +75.9% |
| Distributable reserves | 133 | €122,692 | €215,849 | +€93,157 | +75.9% |
| Amounts payable | 17/49 | €168,151 | €170,866 | +€2,714 | +1.6% |
| Amounts payable after more than one year | 17 | €35,659 | €21,683 | -€13,976 | -39.2% |
| Financial debts | 170/4 | €35,659 | €21,683 | -€13,976 | -39.2% |
| Amounts payable within one year | 42/48 | €132,479 | €149,153 | +€16,674 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €23,649 | €13,976 | -€9,673 | -40.9% |
| Financial debts | 43 | €60 | - | -€60 | |
| Credit institutions | 430/8 | €60 | - | -€60 | |
| Trade debts | 44 | €70,249 | €101,360 | +€31,111 | +44.3% |
| Suppliers | 440/4 | €70,249 | €101,360 | +€31,111 | +44.3% |
| Taxes, remuneration and social security | 45 | €19,359 | €21,804 | +€2,445 | +12.6% |
| Taxes | 450/3 | €12,608 | €12,396 | -€212 | -1.7% |
| Remuneration and social security | 454/9 | €6,751 | €9,408 | +€2,658 | +39.4% |
| Other amounts payable | 47/48 | €19,162 | €12,013 | -€7,149 | -37.3% |
| Accrued charges and deferred income | 492/3 | €13 | €29 | +€16 | +123.0% |
| Remuneration, social security and pensions | 62 | €162,965 | €202,423 | +€39,458 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,582 | €19,493 | +€6,912 | +54.9% |
| Other operating charges | 640/8 | €3,260 | €2,575 | -€685 | -21.0% |
| Gross operating margin | 9900 | €308,892 | €361,674 | +€52,782 | +17.1% |
| Operating profit (loss) | 9901 | €130,085 | €137,182 | +€7,097 | +5.5% |
| Financial income | 75/76B | €472 | €620 | +€148 | +31.4% |
| Recurring financial income | 75 | €472 | €620 | +€148 | +31.4% |
| Financial charges | 65/66B | €4,964 | €4,539 | -€425 | -8.6% |
| Recurring financial charges | 65 | €4,964 | €4,539 | -€425 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €125,593 | €133,263 | +€7,670 | +6.1% |
| Income taxes | 67/77 | €36,409 | €39,273 | +€2,864 | +7.9% |
| Profit (loss) for the period | 9904 | €89,185 | €93,990 | +€4,806 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €89,185 | €93,990 | +€4,806 | +5.4% |
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.