LKFF: 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.
LKFF
Largest movements
- Cash -€46,645
down €46,645 (-81.8%), from €57,005 to €10,360
mainly Net result for the year (-€51,638) and Investment in fixed assets (net) (-€37,840)
- Tangible fixed assets -€19,618
down €19,618 (-3.3%), from €599,816 to €580,199
of which Land and buildings: -€17,783
- Profit (loss) carried forward -€51,638
down €51,638, from €16,369 to -€35,269
- Debts after one year -€32,058
down €32,058 (-6.4%), from €499,988 to €467,930
of which Financial debts: -€32,058
- Gross operating margin -€59,943
down €59,943 (-72.1%), from €83,099 to €23,156
- Taxes -€6,377
down €6,377 (-96.5%), from €6,610 to €233
- Depreciation +€4,245
up €4,245 (+7.8%), from €54,588 to €58,834
- Financial charges +€3,182
up €3,182 (+34.4%), from €9,251 to €12,433
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 | €708,015 | €632,271 | -€75,744 | -10.7% |
| Fixed assets | 21/28 | €604,165 | €583,171 | -€20,994 | -3.5% |
| Intangible fixed assets | 21 | €4,348 | €2,972 | -€1,376 | -31.6% |
| Tangible fixed assets | 22/27 | €599,816 | €580,199 | -€19,618 | -3.3% |
| Land and buildings | 22 | €595,344 | €577,560 | -€17,783 | -3.0% |
| Furniture and vehicles | 24 | €4,473 | €2,638 | -€1,834 | -41.0% |
| Current assets | 29/58 | €103,850 | €49,100 | -€54,750 | -52.7% |
| Stocks and contracts in progress | 3 | €10,386 | €7,798 | -€2,589 | -24.9% |
| Stocks | 30/36 | €10,386 | €7,798 | -€2,589 | -24.9% |
| Amounts receivable within one year | 40/41 | €29,679 | €26,264 | -€3,416 | -11.5% |
| Trade receivables | 40 | €8,275 | €6,343 | -€1,932 | -23.4% |
| Other amounts receivable | 41 | €21,404 | €19,921 | -€1,483 | -6.9% |
| Cash at bank and in hand | 54/58 | €57,005 | €10,360 | -€46,645 | -81.8% |
| Deferred charges and accrued income | 490/1 | €6,780 | €4,679 | -€2,101 | -31.0% |
| Total equity and liabilities | 10/49 | €708,015 | €632,271 | -€75,744 | -10.7% |
| Equity | 10/15 | €154,869 | €103,231 | -€51,638 | -33.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €98,500 | €98,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €96,500 | €96,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,369 | -€35,269 | -€51,638 | |
| Amounts payable | 17/49 | €553,147 | €529,041 | -€24,106 | -4.4% |
| Amounts payable after more than one year | 17 | €499,988 | €467,930 | -€32,058 | -6.4% |
| Financial debts | 170/4 | €499,988 | €467,930 | -€32,058 | -6.4% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €46,587 | €52,343 | +€5,756 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €31,575 | €32,058 | +€483 | +1.5% |
| Financial debts | 43 | €39 | €82 | +€43 | +112% |
| Credit institutions | 430/8 | €39 | €82 | +€43 | +112% |
| Trade debts | 44 | €8,144 | €11,617 | +€3,473 | +42.6% |
| Suppliers | 440/4 | €8,144 | €11,617 | +€3,473 | +42.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,826 | €8,586 | +€1,760 | +25.8% |
| Taxes | 450/3 | €6,826 | €8,586 | +€1,760 | +25.8% |
| Other amounts payable | 47/48 | €3 | €0 | -€3 | -100% |
| Accrued charges and deferred income | 492/3 | €6,572 | €8,768 | +€2,196 | +33.4% |
| Non-recurring operating income | 76A | €16,290 | €0 | -€16,290 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,588 | €58,834 | +€4,245 | +7.8% |
| Other operating charges | 640/8 | €4,527 | €4,473 | -€54 | -1.2% |
| Gross operating margin | 9900 | €83,099 | €23,156 | -€59,943 | -72.1% |
| Operating profit (loss) | 9901 | €23,983 | -€40,151 | -€64,134 | |
| Financial income | 75/76B | €1,733 | €1,179 | -€554 | -32.0% |
| Recurring financial income | 75 | €1,733 | €1,179 | -€554 | -32.0% |
| Financial charges | 65/66B | €9,251 | €12,433 | +€3,182 | +34.4% |
| Recurring financial charges | 65 | €9,251 | €12,433 | +€3,182 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €16,465 | -€51,405 | -€67,870 | |
| Income taxes | 67/77 | €6,610 | €233 | -€6,377 | -96.5% |
| Profit (loss) for the period | 9904 | €9,855 | -€51,638 | -€61,493 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,855 | -€51,638 | -€61,493 |
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.