LoFiN: 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.
LoFiN
Largest movements
- Receivables after one year +€35,000
up €35,000 (+15.0%), from €234,000 to €269,000
- Financial fixed assets +€22,653
up €22,653 (+26.4%), from €85,750 to €108,403
- Receivables within one year +€20,707
up €20,707 (+92.6%), from €22,373 to €43,080
of which Trade receivables: +€13,093
- Cash +€10,126
up €10,126 (+9.2%), from €110,589 to €120,715
mainly Debts after one year (+€125,000) and Net result for the year (+€53,357)
- Debts after one year +€125,000
new in 2025: €125,000
- Other debts -€18,136
down €18,136 (-14.4%), from €125,749 to €107,613
- Reserves -€13,892
down €13,892 (-4.4%), from €317,686 to €303,794
- Other operating charges +€9,721
up €9,721 (+741%), from €1,312 to €11,033
- Gross operating margin +€4,746
up €4,746 (+5.4%), from €87,215 to €91,961
- Financial charges +€4,517
up €4,517 (+88.7%), from €5,093 to €9,610
- Financial income -€1,374
down €1,374 (-15.3%), from €8,988 to €7,614
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 | €471,040 | €557,495 | +€86,455 | +18.4% |
| Fixed assets | 21/28 | €91,600 | €114,253 | +€22,653 | +24.7% |
| Tangible fixed assets | 22/27 | €5,850 | €5,850 | = | 0.0% |
| Furniture and vehicles | 24 | €5,850 | €5,850 | = | 0.0% |
| Financial fixed assets | 28 | €85,750 | €108,403 | +€22,653 | +26.4% |
| Current assets | 29/58 | €379,440 | €443,242 | +€63,803 | +16.8% |
| Amounts receivable after more than one year | 29 | €234,000 | €269,000 | +€35,000 | +15.0% |
| Other amounts receivable | 291 | €234,000 | €269,000 | +€35,000 | +15.0% |
| Amounts receivable within one year | 40/41 | €22,373 | €43,080 | +€20,707 | +92.6% |
| Trade receivables | 40 | €13,613 | €26,706 | +€13,093 | +96.2% |
| Other amounts receivable | 41 | €8,761 | €16,374 | +€7,614 | +86.9% |
| Cash at bank and in hand | 54/58 | €110,589 | €120,715 | +€10,126 | +9.2% |
| Deferred charges and accrued income | 490/1 | €12,477 | €10,447 | -€2,030 | -16.3% |
| Total equity and liabilities | 10/49 | €471,040 | €557,495 | +€86,455 | +18.4% |
| Equity | 10/15 | €323,886 | €309,994 | -€13,892 | -4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €317,686 | €303,794 | -€13,892 | -4.4% |
| Distributable reserves | 133 | €317,686 | €303,794 | -€13,892 | -4.4% |
| Amounts payable | 17/49 | €147,154 | €247,501 | +€100,347 | +68.2% |
| Amounts payable after more than one year | 17 | - | €125,000 | +€125,000 | |
| Other amounts payable | 178/9 | - | €125,000 | +€125,000 | |
| Amounts payable within one year | 42/48 | €146,154 | €121,501 | -€24,653 | -16.9% |
| Trade debts | 44 | €2,045 | €128 | -€1,918 | -93.8% |
| Suppliers | 440/4 | €2,045 | €128 | -€1,918 | -93.8% |
| Taxes, remuneration and social security | 45 | €18,359 | €13,760 | -€4,599 | -25.1% |
| Taxes | 450/3 | €18,359 | €13,760 | -€4,599 | -25.1% |
| Other amounts payable | 47/48 | €125,749 | €107,613 | -€18,136 | -14.4% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Non-recurring operating income | 76A | €3,488 | - | -€3,488 | |
| Other operating charges | 640/8 | €1,312 | €11,033 | +€9,721 | +741% |
| Gross operating margin | 9900 | €87,215 | €91,961 | +€4,746 | +5.4% |
| Operating profit (loss) | 9901 | €85,903 | €80,928 | -€4,974 | -5.8% |
| Financial income | 75/76B | €8,988 | €7,614 | -€1,374 | -15.3% |
| Recurring financial income | 75 | €8,988 | €7,614 | -€1,374 | -15.3% |
| Financial charges | 65/66B | €5,093 | €9,610 | +€4,517 | +88.7% |
| Recurring financial charges | 65 | €5,093 | €9,610 | +€4,517 | +88.7% |
| Profit (loss) for the period before taxes | 9903 | €89,798 | €78,932 | -€10,865 | -12.1% |
| Income taxes | 67/77 | €25,004 | €25,576 | +€572 | +2.3% |
| Profit (loss) for the period | 9904 | €64,794 | €53,357 | -€11,438 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €64,794 | €53,357 | -€11,438 | -17.7% |
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 24 October 2026 via checked.be.