Firma Leflot: 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.
Firma Leflot
Largest movements
- Financial fixed assets +€253,569
new in 2025: €253,569
- Cash -€253,189
down €253,189 (-98.2%), from €257,735 to €4,546
mainly Investment in fixed assets (net) (-€255,369) and Receivables after one year (-€72,314)
- Receivables after one year +€72,314
new in 2025: €72,314
- Receivables within one year -€14,879
down €14,879 (-53.4%), from €27,886 to €13,007
of which Trade receivables: -€15,338
- Reserves +€59,401
up €59,401 (+24.1%), from €246,808 to €306,209
of which Distributable reserves: +€59,401
- Trade debts -€31,561
down €31,561 (-80.0%), from €39,435 to €7,874
- Tax, wage and social debts +€30,376
up €30,376 (+133%), from €22,837 to €53,213
- Gross operating margin +€14,978
up €14,978 (+19.5%), from €76,959 to €91,937
- Taxes +€4,348
up €4,348 (+17.1%), from €25,490 to €29,837
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 | €365,819 | €424,481 | +€58,662 | +16.0% |
| Fixed assets | 21/28 | €64,698 | €319,113 | +€254,415 | +393% |
| Tangible fixed assets | 22/27 | €64,698 | €65,545 | +€847 | +1.3% |
| Plant, machinery and equipment | 23 | €564 | €1,463 | +€899 | +159% |
| Furniture and vehicles | 24 | €64,134 | €64,082 | -€52 | -0.1% |
| Financial fixed assets | 28 | - | €253,569 | +€253,569 | |
| Current assets | 29/58 | €301,121 | €105,367 | -€195,753 | -65.0% |
| Amounts receivable after more than one year | 29 | - | €72,314 | +€72,314 | |
| Other amounts receivable | 291 | - | €72,314 | +€72,314 | |
| Stocks and contracts in progress | 3 | €15,500 | €15,500 | = | 0.0% |
| Stocks | 30/36 | €15,500 | €15,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,886 | €13,007 | -€14,879 | -53.4% |
| Trade receivables | 40 | €27,886 | €12,548 | -€15,338 | -55.0% |
| Other amounts receivable | 41 | - | €459 | +€459 | |
| Cash at bank and in hand | 54/58 | €257,735 | €4,546 | -€253,189 | -98.2% |
| Total equity and liabilities | 10/49 | €365,819 | €424,481 | +€58,662 | +16.0% |
| Equity | 10/15 | €298,865 | €358,267 | +€59,401 | +19.9% |
| Contributions | 10/11 | €52,058 | €52,058 | = | 0.0% |
| Reserves | 13 | €246,808 | €306,209 | +€59,401 | +24.1% |
| Non-distributable reserves | 130/1 | €5,206 | €5,206 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,206 | €5,206 | = | 0.0% |
| Distributable reserves | 133 | €241,602 | €301,003 | +€59,401 | +24.6% |
| Amounts payable | 17/49 | €66,953 | €66,214 | -€739 | -1.1% |
| Amounts payable within one year | 42/48 | €66,953 | €66,214 | -€739 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €4,682 | €5,127 | +€445 | +9.5% |
| Trade debts | 44 | €39,435 | €7,874 | -€31,561 | -80.0% |
| Suppliers | 440/4 | €39,435 | €7,874 | -€31,561 | -80.0% |
| Taxes, remuneration and social security | 45 | €22,837 | €53,213 | +€30,376 | +133% |
| Taxes | 450/3 | €22,837 | €53,213 | +€30,376 | +133% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €504 | €953 | +€450 | +89.4% |
| Other operating charges | 640/8 | €985 | €1,050 | +€65 | +6.6% |
| Gross operating margin | 9900 | €76,959 | €91,937 | +€14,978 | +19.5% |
| Operating profit (loss) | 9901 | €75,470 | €89,933 | +€14,463 | +19.2% |
| Financial income | 75/76B | €0 | €681 | +€681 | +378,317% |
| Recurring financial income | 75 | €0 | €681 | +€681 | +378,317% |
| Financial charges | 65/66B | €576 | €1,376 | +€799 | +139% |
| Recurring financial charges | 65 | €576 | €1,376 | +€799 | +139% |
| Profit (loss) for the period before taxes | 9903 | €74,894 | €89,239 | +€14,345 | +19.2% |
| Income taxes | 67/77 | €25,490 | €29,837 | +€4,348 | +17.1% |
| Profit (loss) for the period | 9904 | €49,404 | €59,401 | +€9,997 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,404 | €59,401 | +€9,997 | +20.2% |
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 19 October 2026 via checked.be.