BUREAU LEFEBVRE: 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.
BUREAU LEFEBVRE
Largest movements
- Cash -€9,830
down €9,830 (-79.0%), from €12,443 to €2,613
mainly Net result for the year (-€11,310) and Trade debts (-€7,215)
- Receivables within one year +€3,033
up €3,033 (+30.8%), from €9,835 to €12,868
of which Trade receivables: +€3,758
- Tangible fixed assets -€2,080
down €2,080 (-73.9%), from €2,816 to €736
- Deferred charges and accrued income -€1,028
down €1,028 (-25.0%), from €4,109 to €3,081
- Profit (loss) carried forward -€11,310
down €11,310 (-148%), from -€7,636 to -€18,946
- Trade debts -€7,215
down €7,215 (-28.3%), from €25,530 to €18,315
- Other debts +€4,954
up €4,954 (+2,370%), from €209 to €5,163
- Tax, wage and social debts +€3,666
up €3,666 (+5,728%), from €64 to €3,730
- Gross operating margin -€10,369
down €10,369, from €5,794 to -€4,575
- Other operating charges -€3,262
down €3,262 (-75.5%), from €4,322 to €1,060
- Taxes -€488
down €488 (-16.0%), from €3,043 to €2,555
- Financial charges +€266
up €266 (+34.1%), from €781 to €1,047
- Depreciation -€104
down €104 (-4.8%), from €2,184 to €2,080
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 | €29,282 | €19,377 | -€9,905 | -33.8% |
| Fixed assets | 21/28 | €2,895 | €815 | -€2,080 | -71.8% |
| Tangible fixed assets | 22/27 | €2,816 | €736 | -€2,080 | -73.9% |
| Furniture and vehicles | 24 | €2,816 | €736 | -€2,080 | -73.9% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €26,387 | €18,562 | -€7,825 | -29.7% |
| Amounts receivable within one year | 40/41 | €9,835 | €12,868 | +€3,033 | +30.8% |
| Trade receivables | 40 | €4,709 | €8,467 | +€3,758 | +79.8% |
| Other amounts receivable | 41 | €5,126 | €4,401 | -€725 | -14.1% |
| Cash at bank and in hand | 54/58 | €12,443 | €2,613 | -€9,830 | -79.0% |
| Deferred charges and accrued income | 490/1 | €4,109 | €3,081 | -€1,028 | -25.0% |
| Total equity and liabilities | 10/49 | €29,282 | €19,377 | -€9,905 | -33.8% |
| Equity | 10/15 | €1,812 | -€9,498 | -€11,310 | |
| Contributions | 10/11 | €6,368 | €6,368 | = | 0.0% |
| Reserves | 13 | €3,080 | €3,080 | = | 0.0% |
| Distributable reserves | 133 | €3,080 | €3,080 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,636 | -€18,946 | -€11,310 | -148% |
| Amounts payable | 17/49 | €27,470 | €28,875 | +€1,405 | +5.1% |
| Amounts payable within one year | 42/48 | €27,470 | €28,875 | +€1,405 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €1,667 | €1,667 | = | 0.0% |
| Trade debts | 44 | €25,530 | €18,315 | -€7,215 | -28.3% |
| Suppliers | 440/4 | €25,530 | €18,315 | -€7,215 | -28.3% |
| Taxes, remuneration and social security | 45 | €64 | €3,730 | +€3,666 | +5,728% |
| Taxes | 450/3 | €64 | €3,730 | +€3,666 | +5,728% |
| Other amounts payable | 47/48 | €209 | €5,163 | +€4,954 | +2,370% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,184 | €2,080 | -€104 | -4.8% |
| Other operating charges | 640/8 | €4,322 | €1,060 | -€3,262 | -75.5% |
| Gross operating margin | 9900 | €5,794 | -€4,575 | -€10,369 | |
| Operating profit (loss) | 9901 | -€712 | -€7,715 | -€7,003 | -984% |
| Financial income | 75/76B | €13 | €7 | -€6 | -46.2% |
| Recurring financial income | 75 | €13 | €7 | -€6 | -46.2% |
| Financial charges | 65/66B | €781 | €1,047 | +€266 | +34.1% |
| Recurring financial charges | 65 | €781 | €1,047 | +€266 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,480 | -€8,755 | -€7,275 | -492% |
| Income taxes | 67/77 | €3,043 | €2,555 | -€488 | -16.0% |
| Profit (loss) for the period | 9904 | -€4,523 | -€11,310 | -€6,787 | -150% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,523 | -€11,310 | -€6,787 | -150% |
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 19 October 2026 via checked.be.