LOFRA: 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.
LOFRA
Largest movements
- Receivables within one year +€33,403
up €33,403 (+31.4%), from €106,418 to €139,822
of which Other amounts receivable: +€33,403
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€7,966
up €7,966 (+49.8%), from €15,987 to €23,953
- Depreciation +€2,697
up €2,697 (+25.8%), from €10,441 to €13,138
- Financial income -€972
no longer reported in 2025 (was €972)
- Other operating charges +€243
up €243 (+10.2%), from €2,378 to €2,622
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 | €1,955,512 | €1,966,496 | +€10,984 | +0.6% |
| Fixed assets | 21/28 | €1,812,313 | €1,807,683 | -€4,629 | -0.3% |
| Tangible fixed assets | 22/27 | €244,968 | €240,338 | -€4,629 | -1.9% |
| Land and buildings | 22 | €214,571 | €213,155 | -€1,416 | -0.7% |
| Plant, machinery and equipment | 23 | €30,396 | €27,183 | -€3,213 | -10.6% |
| Financial fixed assets | 28 | €1,567,345 | €1,567,345 | = | 0.0% |
| Current assets | 29/58 | €143,200 | €158,813 | +€15,614 | +10.9% |
| Amounts receivable within one year | 40/41 | €106,418 | €139,822 | +€33,403 | +31.4% |
| Trade receivables | 40 | €2,305 | €2,305 | = | 0.0% |
| Other amounts receivable | 41 | €104,114 | €137,517 | +€33,403 | +32.1% |
| Cash at bank and in hand | 54/58 | €16,969 | €14,126 | -€2,843 | -16.8% |
| Deferred charges and accrued income | 490/1 | €19,813 | €4,866 | -€14,947 | -75.4% |
| Total equity and liabilities | 10/49 | €1,955,512 | €1,966,496 | +€10,984 | +0.6% |
| Equity | 10/15 | €1,706,794 | €1,714,942 | +€8,148 | +0.5% |
| Contributions | 10/11 | €1,634,000 | €1,634,000 | = | 0.0% |
| Capital | 10 | €1,634,000 | €1,634,000 | = | 0.0% |
| Issued capital | 100 | €1,634,000 | €1,634,000 | = | 0.0% |
| Reserves | 13 | €8,683 | €8,683 | = | 0.0% |
| Non-distributable reserves | 130/1 | €626 | €626 | = | 0.0% |
| Legal reserve | 130 | €626 | €626 | = | 0.0% |
| Distributable reserves | 133 | €8,057 | €8,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,111 | €72,259 | +€8,148 | +12.7% |
| Amounts payable | 17/49 | €248,718 | €251,554 | +€2,836 | +1.1% |
| Amounts payable within one year | 42/48 | €82 | €2,757 | +€2,675 | +3273.4% |
| Trade debts | 44 | €82 | €2,757 | +€2,675 | +3273.4% |
| Suppliers | 440/4 | €82 | €2,757 | +€2,675 | +3273.4% |
| Accrued charges and deferred income | 492/3 | €248,636 | €248,798 | +€161 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,441 | €13,138 | +€2,697 | +25.8% |
| Other operating charges | 640/8 | €2,378 | €2,622 | +€243 | +10.2% |
| Gross operating margin | 9900 | €15,987 | €23,953 | +€7,966 | +49.8% |
| Operating profit (loss) | 9901 | €3,168 | €8,193 | +€5,025 | +158.6% |
| Financial income | 75/76B | €972 | - | -€972 | |
| Recurring financial income | 75 | €972 | - | -€972 | |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €4,095 | €8,148 | +€4,053 | +99.0% |
| Profit (loss) for the period | 9904 | €4,095 | €8,148 | +€4,053 | +99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,095 | €8,148 | +€4,053 | +99.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.