JP Lebrun: what changed
Two fiscal 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.
JP Lebrun
Largest movements
- Receivables after one year -€45,000
down €45,000 (-100.0%), from €45,000 to €0
- Intangible fixed assets -€15,393
down €15,393 (-100.0%), from €15,393 to €0
- Tangible fixed assets -€5,092
down €5,092 (-100.0%), from €5,092 to €0
- Cash +€3,665
up €3,665 (+45.5%), from €8,062 to €11,726
mainly Receivables after one year (+€45,000) and Depreciation (+€15,393)
- Receivables within one year -€3,462
down €3,462 (-23.0%), from €15,068 to €11,606
of which Other amounts receivable: -€2,442
- Other debts -€53,000
down €53,000 (-100.0%), from €53,000 to €0
- Profit (loss) carried forward -€8,485
down €8,485 (-37.0%), from €22,926 to €14,441
- Current portion of long-term debt -€4,344
down €4,344 (-83.1%), from €5,228 to €883
- Tax, wage and social debts +€1,220
up €1,220 (+29.3%), from €4,161 to €5,381
- Gross operating margin +€12,414
up €12,414 (+55.2%), from €22,478 to €34,892
- Depreciation -€5,307
down €5,307 (-25.6%), from €20,700 to €15,393
- Taxes +€3,268
up €3,268 (+149.2%), from €2,191 to €5,459
- Write-downs +€1,704
up €1,704, from -€1,704 to €0
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.
Cash bridge derived
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 | €89,063 | €23,598 | -€65,465 | -73.5% |
| Fixed assets | 21/28 | €20,484 | €0 | -€20,484 | -100.0% |
| Intangible fixed assets | 21 | €15,393 | €0 | -€15,393 | -100.0% |
| Tangible fixed assets | 22/27 | €5,092 | €0 | -€5,092 | -100.0% |
| Furniture and vehicles | 24 | €5,092 | €0 | -€5,092 | -100.0% |
| Current assets | 29/58 | €68,579 | €23,598 | -€44,981 | -65.6% |
| Amounts receivable after more than one year | 29 | €45,000 | €0 | -€45,000 | -100.0% |
| Other amounts receivable | 291 | €45,000 | €0 | -€45,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €15,068 | €11,606 | -€3,462 | -23.0% |
| Trade receivables | 40 | €5,828 | €4,809 | -€1,019 | -17.5% |
| Other amounts receivable | 41 | €9,239 | €6,797 | -€2,442 | -26.4% |
| Cash at bank and in hand | 54/58 | €8,062 | €11,726 | +€3,665 | +45.5% |
| Deferred charges and accrued income | 490/1 | €450 | €265 | -€184 | -41.0% |
| Total equity and liabilities | 10/49 | €89,063 | €23,598 | -€65,465 | -73.5% |
| Equity | 10/15 | €24,926 | €16,441 | -€8,485 | -34.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,926 | €14,441 | -€8,485 | -37.0% |
| Amounts payable | 17/49 | €64,137 | €7,157 | -€56,981 | -88.8% |
| Amounts payable after more than one year | 17 | €883 | €0 | -€883 | -100.0% |
| Financial debts | 170/4 | €883 | €0 | -€883 | -100.0% |
| Amounts payable within one year | 42/48 | €63,254 | €7,157 | -€56,097 | -88.7% |
| Current portion of amounts payable after more than one year | 42 | €5,228 | €883 | -€4,344 | -83.1% |
| Trade debts | 44 | €866 | €893 | +€27 | +3.1% |
| Suppliers | 440/4 | €866 | €893 | +€27 | +3.1% |
| Taxes, remuneration and social security | 45 | €4,161 | €5,381 | +€1,220 | +29.3% |
| Taxes | 450/3 | €4,161 | €5,381 | +€1,220 | +29.3% |
| Other amounts payable | 47/48 | €53,000 | €0 | -€53,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,700 | €15,393 | -€5,307 | -25.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,704 | €0 | +€1,704 | |
| Other operating charges | 640/8 | €1,076 | €751 | -€325 | -30.2% |
| Gross operating margin | 9900 | €22,478 | €34,892 | +€12,414 | +55.2% |
| Operating profit (loss) | 9901 | €2,406 | €18,748 | +€16,342 | +679.1% |
| Financial income | 75/76B | €1,886 | €1,569 | -€317 | -16.8% |
| Recurring financial income | 75 | €1,886 | €1,569 | -€317 | -16.8% |
| Financial charges | 65/66B | €429 | €443 | +€14 | +3.3% |
| Recurring financial charges | 65 | €429 | €443 | +€14 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €3,864 | €19,874 | +€16,011 | +414.4% |
| Income taxes | 67/77 | €2,191 | €5,459 | +€3,268 | +149.2% |
| Profit (loss) for the period | 9904 | €1,673 | €14,415 | +€12,743 | +761.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,673 | €14,415 | +€12,743 | +761.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.