Dr. Lefèvre Gauthier: 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.
Dr. Lefèvre Gauthier
Largest movements
- Cash +€128,910
up €128,910 (+106%), from €122,032 to €250,941
mainly Net result for the year (+€90,769) and Provisions (+€27,866)
- Tangible fixed assets -€10,294
down €10,294 (-88.9%), from €11,574 to €1,279
- Reserves +€90,000
up €90,000 (+69.2%), from €130,000 to €220,000
- Provisions +€27,866
new in 2025: €27,866
- Provisions +€27,866
new in 2025: €27,866
- Gross operating margin -€16,262
down €16,262 (-9.2%), from €177,281 to €161,019
- Other operating charges +€6,525
up €6,525 (+2,232%), from €292 to €6,818
- Depreciation -€3,975
down €3,975 (-75.7%), from €5,255 to €1,279
- Taxes -€3,696
down €3,696 (-9.4%), from €39,114 to €35,418
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 | €141,162 | €260,709 | +€119,547 | +84.7% |
| Fixed assets | 21/28 | €11,574 | €1,279 | -€10,294 | -88.9% |
| Tangible fixed assets | 22/27 | €11,574 | €1,279 | -€10,294 | -88.9% |
| Furniture and vehicles | 24 | €11,574 | €1,279 | -€10,294 | -88.9% |
| Current assets | 29/58 | €129,588 | €259,430 | +€129,842 | +100% |
| Amounts receivable within one year | 40/41 | €6,512 | €7,022 | +€510 | +7.8% |
| Trade receivables | 40 | €5,545 | €5,049 | -€497 | -9.0% |
| Other amounts receivable | 41 | €967 | €1,973 | +€1,006 | +104% |
| Cash at bank and in hand | 54/58 | €122,032 | €250,941 | +€128,910 | +106% |
| Deferred charges and accrued income | 490/1 | €1,044 | €1,466 | +€422 | +40.5% |
| Total equity and liabilities | 10/49 | €141,162 | €260,709 | +€119,547 | +84.7% |
| Equity | 10/15 | €136,552 | €227,321 | +€90,769 | +66.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €130,000 | €220,000 | +€90,000 | +69.2% |
| Distributable reserves | 133 | €130,000 | €220,000 | +€90,000 | +69.2% |
| Profit (loss) carried forward | 14 | €2,552 | €3,321 | +€769 | +30.1% |
| Provisions and deferred taxes | 16 | - | €27,866 | +€27,866 | |
| Provisions for liabilities and charges | 160/5 | - | €27,866 | +€27,866 | |
| Environmental obligations | 163 | - | €27,866 | +€27,866 | |
| Amounts payable | 17/49 | €4,610 | €5,522 | +€912 | +19.8% |
| Amounts payable within one year | 42/48 | €4,610 | €5,522 | +€912 | +19.8% |
| Trade debts | 44 | - | €1,270 | +€1,270 | |
| Suppliers | 440/4 | - | €1,270 | +€1,270 | |
| Taxes, remuneration and social security | 45 | €2,250 | €2,025 | -€225 | -10.0% |
| Taxes | 450/3 | €2,250 | €2,025 | -€225 | -10.0% |
| Other amounts payable | 47/48 | €2,360 | €2,228 | -€132 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,255 | €1,279 | -€3,975 | -75.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €27,866 | +€27,866 | |
| Other operating charges | 640/8 | €292 | €6,818 | +€6,525 | +2,232% |
| Gross operating margin | 9900 | €177,281 | €161,019 | -€16,262 | -9.2% |
| Operating profit (loss) | 9901 | €171,734 | €125,055 | -€46,678 | -27.2% |
| Financial income | 75/76B | €271 | €1,711 | +€1,440 | +531% |
| Recurring financial income | 75 | €271 | €1,711 | +€1,440 | +531% |
| Financial charges | 65/66B | €340 | €579 | +€240 | +70.6% |
| Recurring financial charges | 65 | €340 | €579 | +€240 | +70.6% |
| Profit (loss) for the period before taxes | 9903 | €171,665 | €126,187 | -€45,479 | -26.5% |
| Income taxes | 67/77 | €39,114 | €35,418 | -€3,696 | -9.4% |
| Profit (loss) for the period | 9904 | €132,552 | €90,769 | -€41,782 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €132,552 | €90,769 | -€41,782 | -31.5% |
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 28 October 2026 via checked.be.