LIFRAN: 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.
LIFRAN
Largest movements
- Receivables within one year +€102,534
up €102,534 (+194%), from €52,861 to €155,395
of which Trade receivables: +€102,657
- Cash +€93,371
up €93,371 (+66.4%), from €140,690 to €234,061
mainly Net result for the year (+€108,126) and Depreciation (+€86,300)
- Tangible fixed assets -€86,300
down €86,300 (-7.2%), from €1.2m to €1.1m
- Reserves +€108,126
up €108,126 (+41.2%), from €262,300 to €370,426
of which Distributable reserves: +€108,126
- Debts after one year -€44,070
down €44,070 (-11.0%), from €401,983 to €357,913
- Tax, wage and social debts +€29,011
up €29,011 (+380%), from €7,645 to €36,656
- Gross operating margin +€119,986
up €119,986 (+88.3%), from €135,934 to €255,919
- Taxes +€10,797
up €10,797 (+7,353%), from €147 to €10,944
- Depreciation -€6,951
down €6,951 (-7.5%), from €93,251 to €86,300
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 | €1,418,156 | €1,528,761 | +€110,605 | +7.8% |
| Fixed assets | 21/28 | €1,204,619 | €1,119,319 | -€85,300 | -7.1% |
| Tangible fixed assets | 22/27 | €1,203,619 | €1,117,319 | -€86,300 | -7.2% |
| Land and buildings | 22 | €925,235 | €892,494 | -€32,742 | -3.5% |
| Furniture and vehicles | 24 | €17,256 | €6,140 | -€11,116 | -64.4% |
| Other tangible fixed assets | 26 | €261,128 | €218,685 | -€42,443 | -16.3% |
| Financial fixed assets | 28 | €1,000 | €2,000 | +€1,000 | +100% |
| Current assets | 29/58 | €213,537 | €409,442 | +€195,905 | +91.7% |
| Amounts receivable within one year | 40/41 | €52,861 | €155,395 | +€102,534 | +194% |
| Trade receivables | 40 | €52,220 | €154,877 | +€102,657 | +197% |
| Other amounts receivable | 41 | €641 | €518 | -€123 | -19.2% |
| Current investments | 50/53 | €19,986 | €19,986 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €140,690 | €234,061 | +€93,371 | +66.4% |
| Total equity and liabilities | 10/49 | €1,418,156 | €1,528,761 | +€110,605 | +7.8% |
| Equity | 10/15 | €435,312 | €543,438 | +€108,126 | +24.8% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €262,300 | €370,426 | +€108,126 | +41.2% |
| Non-distributable reserves | 130/1 | €30,800 | €30,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,800 | €30,800 | = | 0.0% |
| Distributable reserves | 133 | €231,500 | €339,626 | +€108,126 | +46.7% |
| Profit (loss) carried forward | 14 | €11,012 | €11,012 | = | 0.0% |
| Amounts payable | 17/49 | €982,843 | €985,322 | +€2,479 | +0.3% |
| Amounts payable after more than one year | 17 | €401,983 | €357,913 | -€44,070 | -11.0% |
| Financial debts | 170/4 | €401,983 | €357,913 | -€44,070 | -11.0% |
| Amounts payable within one year | 42/48 | €580,860 | €627,410 | +€46,550 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €49,168 | €44,070 | -€5,098 | -10.4% |
| Trade debts | 44 | €1,866 | €11,594 | +€9,728 | +521% |
| Suppliers | 440/4 | €1,866 | €11,594 | +€9,728 | +521% |
| Taxes, remuneration and social security | 45 | €7,645 | €36,656 | +€29,011 | +380% |
| Taxes | 450/3 | €7,645 | €36,656 | +€29,011 | +380% |
| Other amounts payable | 47/48 | €522,181 | €535,090 | +€12,908 | +2.5% |
| Remuneration, social security and pensions | 62 | €33,816 | €34,978 | +€1,162 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,251 | €86,300 | -€6,951 | -7.5% |
| Other operating charges | 640/8 | €5,487 | €5,785 | +€298 | +5.4% |
| Gross operating margin | 9900 | €135,934 | €255,919 | +€119,986 | +88.3% |
| Operating profit (loss) | 9901 | €3,379 | €128,856 | +€125,477 | +3,713% |
| Financial income | 75/76B | €2,113 | - | -€2,113 | |
| Recurring financial income | 75 | €2,113 | - | -€2,113 | |
| Financial charges | 65/66B | €10,673 | €9,787 | -€887 | -8.3% |
| Recurring financial charges | 65 | €10,673 | €9,787 | -€887 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,180 | €119,070 | +€124,250 | |
| Income taxes | 67/77 | €147 | €10,944 | +€10,797 | +7,353% |
| Profit (loss) for the period | 9904 | -€5,327 | €108,126 | +€113,453 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,327 | €108,126 | +€113,453 |
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 22 October 2026 via checked.be.