LRFC: 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.
LRFC
Largest movements
- Receivables within one year -€33,700
down €33,700 (-29.0%), from €116,345 to €82,645
of which Other amounts receivable: -€27,100
- Cash -€4,749
down €4,749 (-96.0%), from €4,946 to €198
mainly Tax, wage and social debts (-€29,800) and Short-term financial debts (-€13,000)
- Tangible fixed assets -€1,818
down €1,818 (-20.0%), from €9,082 to €7,264
- Tax, wage and social debts -€29,800
down €29,800 (-93.2%), from €31,983 to €2,183
of which Taxes: -€22,490
- Short-term financial debts -€13,000
no longer reported in 2025 (was €13,000)
- Profit (loss) carried forward -€10,949
new in 2025: -€10,949
- Trade debts +€7,325
up €7,325 (+759%), from €965 to €8,290
- Advances received +€6,436
new in 2025: €6,436
- Gross operating margin -€70,897
down €70,897 (-77.7%), from €91,203 to €20,306
- Taxes -€15,900
no longer reported in 2025 (was €15,900)
- Staff costs -€14,642
down €14,642 (-34.2%), from €42,821 to €28,179
- Depreciation +€1,808
up €1,808 (+18,194%), from €10 to €1,818
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 | €131,649 | €91,662 | -€39,988 | -30.4% |
| Fixed assets | 21/28 | €9,082 | €7,264 | -€1,818 | -20.0% |
| Tangible fixed assets | 22/27 | €9,082 | €7,264 | -€1,818 | -20.0% |
| Furniture and vehicles | 24 | €9,082 | €7,264 | -€1,818 | -20.0% |
| Current assets | 29/58 | €122,567 | €84,398 | -€38,169 | -31.1% |
| Amounts receivable within one year | 40/41 | €116,345 | €82,645 | -€33,700 | -29.0% |
| Trade receivables | 40 | €11,545 | €4,945 | -€6,599 | -57.2% |
| Other amounts receivable | 41 | €104,800 | €77,700 | -€27,100 | -25.9% |
| Cash at bank and in hand | 54/58 | €4,946 | €198 | -€4,749 | -96.0% |
| Deferred charges and accrued income | 490/1 | €1,276 | €1,556 | +€279 | +21.9% |
| Total equity and liabilities | 10/49 | €131,649 | €91,662 | -€39,988 | -30.4% |
| Equity | 10/15 | €85,155 | €74,206 | -€10,949 | -12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,555 | €66,555 | = | 0.0% |
| Distributable reserves | 133 | €66,555 | €66,555 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,949 | -€10,949 | |
| Amounts payable | 17/49 | €46,495 | €17,456 | -€29,039 | -62.5% |
| Amounts payable within one year | 42/48 | €46,495 | €17,456 | -€29,039 | -62.5% |
| Financial debts | 43 | €13,000 | - | -€13,000 | |
| Credit institutions | 430/8 | €13,000 | - | -€13,000 | |
| Trade debts | 44 | €965 | €8,290 | +€7,325 | +759% |
| Suppliers | 440/4 | €965 | €8,290 | +€7,325 | +759% |
| Advances received on contracts in progress | 46 | - | €6,436 | +€6,436 | |
| Taxes, remuneration and social security | 45 | €31,983 | €2,183 | -€29,800 | -93.2% |
| Taxes | 450/3 | €22,626 | €136 | -€22,490 | -99.4% |
| Remuneration and social security | 454/9 | €9,356 | €2,047 | -€7,309 | -78.1% |
| Other amounts payable | 47/48 | €547 | €547 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €42,821 | €28,179 | -€14,642 | -34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10 | €1,818 | +€1,808 | +18,194% |
| Other operating charges | 640/8 | €387 | €812 | +€425 | +110% |
| Gross operating margin | 9900 | €91,203 | €20,306 | -€70,897 | -77.7% |
| Operating profit (loss) | 9901 | €47,985 | -€10,503 | -€58,488 | |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €189 | €454 | +€265 | +140% |
| Recurring financial charges | 65 | €189 | €454 | +€265 | +140% |
| Profit (loss) for the period before taxes | 9903 | €47,796 | -€10,949 | -€58,745 | |
| Income taxes | 67/77 | €15,900 | - | -€15,900 | |
| Profit (loss) for the period | 9904 | €31,895 | -€10,949 | -€42,845 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,895 | -€10,949 | -€42,845 |
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.