LNF CONSULT: 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.
LNF CONSULT
Largest movements
- Cash +€52,367
up €52,367 (+95.2%), from €55,004 to €107,371
mainly Other debts (+€127,053) and Net result for the year (+€116,053)
- Tangible fixed assets -€28,552
down €28,552 (-10.6%), from €269,145 to €240,593
of which Land and buildings: -€29,478
- Receivables within one year -€23,902
down €23,902 (-34.5%), from €69,223 to €45,321
of which Trade receivables: -€22,160
- Deferred charges and accrued income +€11,890
up €11,890 (+313.1%), from €3,798 to €15,687
- Other debts +€127,053
up €127,053, from €0 to €127,053
- Reserves -€86,225
down €86,225 (-21.2%), from €406,356 to €320,131
- Debts after one year -€20,641
down €20,641 (-11.4%), from €180,276 to €159,635
- Trade debts -€10,164
down €10,164 (-79.7%), from €12,748 to €2,584
- Tax, wage and social debts +€7,961
up €7,961 (+44.7%), from €17,792 to €25,754
- Gross operating margin +€90,881
up €90,881 (+73.7%), from €123,257 to €214,138
- Taxes +€28,970
up €28,970 (+133.5%), from €21,700 to €50,669
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 | €647,542 | €658,979 | +€11,436 | +1.8% |
| Fixed assets | 21/28 | €269,518 | €240,599 | -€28,919 | -10.7% |
| Intangible fixed assets | 21 | €373 | €6 | -€367 | -98.4% |
| Tangible fixed assets | 22/27 | €269,145 | €240,593 | -€28,552 | -10.6% |
| Land and buildings | 22 | €258,246 | €228,768 | -€29,478 | -11.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €7,194 | €4,997 | -€2,197 | -30.5% |
| Other tangible fixed assets | 26 | €3,705 | €6,827 | +€3,122 | +84.3% |
| Current assets | 29/58 | €378,025 | €418,380 | +€40,355 | +10.7% |
| Amounts receivable within one year | 40/41 | €69,223 | €45,321 | -€23,902 | -34.5% |
| Trade receivables | 40 | €49,331 | €27,171 | -€22,160 | -44.9% |
| Other amounts receivable | 41 | €19,892 | €18,150 | -€1,742 | -8.8% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,004 | €107,371 | +€52,367 | +95.2% |
| Deferred charges and accrued income | 490/1 | €3,798 | €15,687 | +€11,890 | +313.1% |
| Total equity and liabilities | 10/49 | €647,542 | €658,979 | +€11,436 | +1.8% |
| Equity | 10/15 | €412,556 | €320,131 | -€92,425 | -22.4% |
| Contributions | 10/11 | €6,200 | €0 | -€6,200 | -100.0% |
| Reserves | 13 | €406,356 | €320,131 | -€86,225 | -21.2% |
| Distributable reserves | 133 | €406,356 | €320,131 | -€86,225 | -21.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €234,986 | €338,847 | +€103,861 | +44.2% |
| Amounts payable after more than one year | 17 | €180,276 | €159,635 | -€20,641 | -11.4% |
| Financial debts | 170/4 | €180,276 | €159,635 | -€20,641 | -11.4% |
| Amounts payable within one year | 42/48 | €52,673 | €177,743 | +€125,070 | +237.4% |
| Current portion of amounts payable after more than one year | 42 | €22,132 | €22,352 | +€220 | +1.0% |
| Trade debts | 44 | €12,748 | €2,584 | -€10,164 | -79.7% |
| Suppliers | 440/4 | €12,748 | €2,584 | -€10,164 | -79.7% |
| Taxes, remuneration and social security | 45 | €17,792 | €25,754 | +€7,961 | +44.7% |
| Taxes | 450/3 | €17,792 | €25,754 | +€7,961 | +44.7% |
| Other amounts payable | 47/48 | €0 | €127,053 | +€127,053 | |
| Accrued charges and deferred income | 492/3 | €2,038 | €1,470 | -€568 | -27.9% |
| Non-recurring operating income | 76A | €171 | €228 | +€57 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,146 | €43,852 | -€1,294 | -2.9% |
| Other operating charges | 640/8 | €6,654 | €7,063 | +€409 | +6.1% |
| Gross operating margin | 9900 | €123,257 | €214,138 | +€90,881 | +73.7% |
| Operating profit (loss) | 9901 | €71,457 | €163,222 | +€91,765 | +128.4% |
| Financial income | 75/76B | €5,680 | €7,409 | +€1,729 | +30.4% |
| Recurring financial income | 75 | €5,680 | €7,409 | +€1,729 | +30.4% |
| Financial charges | 65/66B | €3,975 | €3,908 | -€67 | -1.7% |
| Recurring financial charges | 65 | €3,975 | €3,908 | -€67 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €73,161 | €166,722 | +€93,561 | +127.9% |
| Income taxes | 67/77 | €21,700 | €50,669 | +€28,970 | +133.5% |
| Profit (loss) for the period | 9904 | €51,462 | €116,053 | +€64,591 | +125.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,462 | €116,053 | +€64,591 | +125.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.