LOFAR: 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.
LOFAR
Largest movements
- Cash +€117,088
up €117,088 (+146.3%), from €80,048 to €197,136
mainly Net result for the year (+€149,311) and Other debts (+€113,769)
- Tangible fixed assets -€27,819
down €27,819 (-13.8%), from €202,099 to €174,279
of which Land and buildings: -€28,272
- Other debts +€113,769
up €113,769 (+17.1%), from €663,742 to €777,511
- Profit (loss) carried forward -€29,689
down €29,689 (-4.7%), from €627,441 to €597,753
- Tax, wage and social debts +€29,438
up €29,438 (+141.4%), from €20,813 to €50,251
- Provisions -€21,000
no longer reported in 2025 (was €21,000)
- Financial charges +€26,523
up €26,523 (+95.8%), from €27,677 to €54,200
- Depreciation -€25,600
down €25,600 (-45.1%), from €56,785 to €31,185
- Provisions -€21,000
new in 2025: -€21,000
- Gross operating margin -€4,604
down €4,604 (-1.8%), from €253,191 to €248,587
- Taxes +€3,562
up €3,562 (+7.4%), from €48,269 to €51,831
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 | €1,824,529 | €1,902,683 | +€78,154 | +4.3% |
| Fixed assets | 21/28 | €202,099 | €174,279 | -€27,819 | -13.8% |
| Tangible fixed assets | 22/27 | €202,099 | €174,279 | -€27,819 | -13.8% |
| Land and buildings | 22 | €198,711 | €170,440 | -€28,272 | -14.2% |
| Furniture and vehicles | 24 | €3,388 | €3,840 | +€452 | +13.3% |
| Current assets | 29/58 | €1,622,430 | €1,728,403 | +€105,973 | +6.5% |
| Amounts receivable within one year | 40/41 | €441,653 | €432,070 | -€9,583 | -2.2% |
| Trade receivables | 40 | €2,848 | €3,965 | +€1,117 | +39.2% |
| Other amounts receivable | 41 | €438,805 | €428,105 | -€10,700 | -2.4% |
| Current investments | 50/53 | €1,100,000 | €1,097,297 | -€2,703 | -0.2% |
| Cash at bank and in hand | 54/58 | €80,048 | €197,136 | +€117,088 | +146.3% |
| Deferred charges and accrued income | 490/1 | €729 | €1,900 | +€1,170 | +160.5% |
| Total equity and liabilities | 10/49 | €1,824,529 | €1,902,683 | +€78,154 | +4.3% |
| Equity | 10/15 | €1,092,672 | €1,062,983 | -€29,689 | -2.7% |
| Contributions | 10/11 | €320,405 | €320,405 | = | 0.0% |
| Reserves | 13 | €144,826 | €144,826 | = | 0.0% |
| Distributable reserves | 133 | €144,826 | €144,826 | = | 0.0% |
| Profit (loss) carried forward | 14 | €627,441 | €597,753 | -€29,689 | -4.7% |
| Provisions and deferred taxes | 16 | €21,000 | - | -€21,000 | |
| Provisions for liabilities and charges | 160/5 | €21,000 | - | -€21,000 | |
| Other liabilities and charges | 164/5 | €21,000 | - | -€21,000 | |
| Amounts payable | 17/49 | €710,857 | €839,699 | +€128,843 | +18.1% |
| Amounts payable after more than one year | 17 | €3,100 | €3,100 | = | 0.0% |
| Other amounts payable | 178/9 | €3,100 | €3,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €692,000 | €832,601 | +€140,602 | +20.3% |
| Trade debts | 44 | €5,161 | €4,840 | -€321 | -6.2% |
| Suppliers | 440/4 | €5,161 | €4,840 | -€321 | -6.2% |
| Advances received on contracts in progress | 46 | €2,283 | - | -€2,283 | |
| Taxes, remuneration and social security | 45 | €20,813 | €50,251 | +€29,438 | +141.4% |
| Taxes | 450/3 | €20,813 | €50,251 | +€29,438 | +141.4% |
| Other amounts payable | 47/48 | €663,742 | €777,511 | +€113,769 | +17.1% |
| Accrued charges and deferred income | 492/3 | €15,757 | €3,998 | -€11,759 | -74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,785 | €31,185 | -€25,600 | -45.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€21,000 | -€21,000 | |
| Other operating charges | 640/8 | €12,966 | €13,299 | +€333 | +2.6% |
| Gross operating margin | 9900 | €253,191 | €248,587 | -€4,604 | -1.8% |
| Operating profit (loss) | 9901 | €183,441 | €225,104 | +€41,663 | +22.7% |
| Financial income | 75/76B | €32,828 | €30,239 | -€2,588 | -7.9% |
| Recurring financial income | 75 | €32,828 | €30,239 | -€2,588 | -7.9% |
| Financial charges | 65/66B | €27,677 | €54,200 | +€26,523 | +95.8% |
| Recurring financial charges | 65 | €27,677 | €54,200 | +€26,523 | +95.8% |
| Profit (loss) for the period before taxes | 9903 | €188,591 | €201,143 | +€12,551 | +6.7% |
| Income taxes | 67/77 | €48,269 | €51,831 | +€3,562 | +7.4% |
| Profit (loss) for the period | 9904 | €140,322 | €149,311 | +€8,989 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €140,322 | €149,311 | +€8,989 | +6.4% |
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 1 October 2026 via checked.be.