LON-FIT: 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.
LON-FIT
Largest movements
- Tangible fixed assets -€78,014
down €78,014 (-21.8%), from €357,907 to €279,893
of which Plant, machinery and equipment: -€49,718
- Receivables within one year +€36,060
up €36,060 (+232%), from €15,525 to €51,585
of which Other amounts receivable: +€45,000
- Debts after one year -€61,812
down €61,812 (-26.3%), from €235,369 to €173,557
- Trade debts -€51,957
down €51,957 (-67.5%), from €76,964 to €25,007
- Other debts +€44,698
up €44,698 (+3,356%), from €1,332 to €46,030
- Reserves +€24,285
up €24,285 (+15.1%), from €160,831 to €185,116
of which Distributable reserves: +€24,285
- Accrued charges and deferred income -€7,573
down €7,573 (-46.7%), from €16,213 to €8,640
- Gross operating margin +€75,949
up €75,949 (+23.3%), from €325,654 to €401,603
- Depreciation +€29,547
up €29,547 (+59.0%), from €50,078 to €79,624
- Taxes +€14,897
up €14,897 (+126%), from €11,843 to €26,740
- Other operating charges +€5,201
up €5,201 (+44.3%), from €11,738 to €16,939
- Staff costs -€4,355
down €4,355 (-2.1%), from €204,066 to €199,712
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 | €606,512 | €557,491 | -€49,021 | -8.1% |
| Fixed assets | 21/28 | €479,899 | €401,884 | -€78,014 | -16.3% |
| Tangible fixed assets | 22/27 | €357,907 | €279,893 | -€78,014 | -21.8% |
| Plant, machinery and equipment | 23 | €228,880 | €179,162 | -€49,718 | -21.7% |
| Furniture and vehicles | 24 | €16,089 | €5,690 | -€10,398 | -64.6% |
| Other tangible fixed assets | 26 | €112,938 | €95,040 | -€17,898 | -15.8% |
| Financial fixed assets | 28 | €121,991 | €121,991 | = | 0.0% |
| Current assets | 29/58 | €126,613 | €155,607 | +€28,994 | +22.9% |
| Stocks and contracts in progress | 3 | €7,586 | €6,672 | -€914 | -12.0% |
| Stocks | 30/36 | €7,586 | €6,672 | -€914 | -12.0% |
| Amounts receivable within one year | 40/41 | €15,525 | €51,585 | +€36,060 | +232% |
| Trade receivables | 40 | €15,525 | €6,585 | -€8,940 | -57.6% |
| Other amounts receivable | 41 | - | €45,000 | +€45,000 | |
| Current investments | 50/53 | €75,000 | €74,989 | -€11 | 0.0% |
| Cash at bank and in hand | 54/58 | €17,404 | €16,520 | -€884 | -5.1% |
| Deferred charges and accrued income | 490/1 | €11,098 | €5,840 | -€5,258 | -47.4% |
| Total equity and liabilities | 10/49 | €606,512 | €557,491 | -€49,021 | -8.1% |
| Equity | 10/15 | €179,431 | €203,716 | +€24,285 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €160,831 | €185,116 | +€24,285 | +15.1% |
| Tax-exempt reserves | 132 | €10,608 | €10,608 | = | 0.0% |
| Distributable reserves | 133 | €150,223 | €174,508 | +€24,285 | +16.2% |
| Amounts payable | 17/49 | €427,081 | €353,775 | -€73,306 | -17.2% |
| Amounts payable after more than one year | 17 | €235,369 | €173,557 | -€61,812 | -26.3% |
| Financial debts | 170/4 | €235,369 | €173,557 | -€61,812 | -26.3% |
| Amounts payable within one year | 42/48 | €175,499 | €171,578 | -€3,921 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €64,574 | €61,812 | -€2,762 | -4.3% |
| Financial debts | 43 | - | €1,857 | +€1,857 | |
| Credit institutions | 430/8 | - | €1,857 | +€1,857 | |
| Trade debts | 44 | €76,964 | €25,007 | -€51,957 | -67.5% |
| Suppliers | 440/4 | €76,964 | €25,007 | -€51,957 | -67.5% |
| Advances received on contracts in progress | 46 | €4,553 | €5,914 | +€1,360 | +29.9% |
| Taxes, remuneration and social security | 45 | €28,076 | €30,959 | +€2,883 | +10.3% |
| Taxes | 450/3 | €3,647 | €7,466 | +€3,819 | +105% |
| Remuneration and social security | 454/9 | €24,429 | €23,493 | -€936 | -3.8% |
| Other amounts payable | 47/48 | €1,332 | €46,030 | +€44,698 | +3,356% |
| Accrued charges and deferred income | 492/3 | €16,213 | €8,640 | -€7,573 | -46.7% |
| Non-recurring operating income | 76A | €30,400 | - | -€30,400 | |
| Remuneration, social security and pensions | 62 | €204,066 | €199,712 | -€4,355 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,078 | €79,624 | +€29,547 | +59.0% |
| Other operating charges | 640/8 | €11,738 | €16,939 | +€5,201 | +44.3% |
| Non-recurring operating charges | 66A | - | €385 | +€385 | |
| Gross operating margin | 9900 | €325,654 | €401,603 | +€75,949 | +23.3% |
| Operating profit (loss) | 9901 | €59,772 | €104,944 | +€45,171 | +75.6% |
| Financial income | 75/76B | €1,061 | €1,632 | +€571 | +53.9% |
| Recurring financial income | 75 | €1,061 | €1,632 | +€571 | +53.9% |
| Financial charges | 65/66B | €7,797 | €10,550 | +€2,753 | +35.3% |
| Recurring financial charges | 65 | €7,797 | €10,550 | +€2,753 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €53,036 | €96,025 | +€42,989 | +81.1% |
| Income taxes | 67/77 | €11,843 | €26,740 | +€14,897 | +126% |
| Profit (loss) for the period | 9904 | €41,193 | €69,285 | +€28,092 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,193 | €69,285 | +€28,092 | +68.2% |
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 27 October 2026 via checked.be.