KINE 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.
KINE LEFEBVRE
Largest movements
- Cash +€16,641
up €16,641 (+66.7%), from €24,931 to €41,572
mainly Net result for the year (+€42,525) and Other debts (+€13,701)
- Tangible fixed assets -€8,878
down €8,878 (-44.3%), from €20,033 to €11,155
- Deferred charges and accrued income +€2,327
up €2,327 (+122%), from €1,908 to €4,235
- Other debts +€13,701
up €13,701 (+66.9%), from €20,465 to €34,166
- Reserves +€4,000
up €4,000 (+40.0%), from €10,000 to €14,000
- Current portion of long-term debt -€3,714
down €3,714 (-60.4%), from €6,144 to €2,430
- Debts after one year -€2,431
down €2,431 (-32.9%), from €7,385 to €4,954
- Tax, wage and social debts -€834
down €834 (-8.4%), from €9,945 to €9,111
of which Taxes: -€3,334
- Gross operating margin +€22,908
up €22,908 (+50.5%), from €45,405 to €68,313
- Taxes +€8,816
up €8,816 (+127%), from €6,945 to €15,761
- Depreciation -€6,178
down €6,178 (-41.0%), from €15,056 to €8,878
- Other operating charges -€2,215
down €2,215 (-82.4%), from €2,687 to €472
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 | €59,999 | €70,459 | +€10,460 | +17.4% |
| Fixed assets | 21/28 | €20,033 | €11,155 | -€8,878 | -44.3% |
| Tangible fixed assets | 22/27 | €20,033 | €11,155 | -€8,878 | -44.3% |
| Furniture and vehicles | 24 | €20,033 | €11,155 | -€8,878 | -44.3% |
| Current assets | 29/58 | €39,966 | €59,304 | +€19,338 | +48.4% |
| Amounts receivable within one year | 40/41 | €13,127 | €13,497 | +€370 | +2.8% |
| Trade receivables | 40 | €13,127 | €13,497 | +€370 | +2.8% |
| Cash at bank and in hand | 54/58 | €24,931 | €41,572 | +€16,641 | +66.7% |
| Deferred charges and accrued income | 490/1 | €1,908 | €4,235 | +€2,327 | +122% |
| Total equity and liabilities | 10/49 | €59,999 | €70,459 | +€10,460 | +17.4% |
| Equity | 10/15 | €16,060 | €19,585 | +€3,525 | +21.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €14,000 | +€4,000 | +40.0% |
| Distributable reserves | 133 | €10,000 | €14,000 | +€4,000 | +40.0% |
| Profit (loss) carried forward | 14 | €1,060 | €585 | -€475 | -44.8% |
| Amounts payable | 17/49 | €43,939 | €50,874 | +€6,935 | +15.8% |
| Amounts payable after more than one year | 17 | €7,385 | €4,954 | -€2,431 | -32.9% |
| Financial debts | 170/4 | €7,385 | €4,954 | -€2,431 | -32.9% |
| Amounts payable within one year | 42/48 | €36,554 | €45,920 | +€9,366 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €6,144 | €2,430 | -€3,714 | -60.4% |
| Trade debts | 44 | - | €213 | +€213 | |
| Suppliers | 440/4 | - | €213 | +€213 | |
| Taxes, remuneration and social security | 45 | €9,945 | €9,111 | -€834 | -8.4% |
| Taxes | 450/3 | €9,945 | €6,611 | -€3,334 | -33.5% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €20,465 | €34,166 | +€13,701 | +66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,056 | €8,878 | -€6,178 | -41.0% |
| Other operating charges | 640/8 | €2,687 | €472 | -€2,215 | -82.4% |
| Gross operating margin | 9900 | €45,405 | €68,313 | +€22,908 | +50.5% |
| Operating profit (loss) | 9901 | €27,662 | €58,963 | +€31,301 | +113% |
| Financial income | 75/76B | - | €133 | +€133 | |
| Recurring financial income | 75 | - | €133 | +€133 | |
| Financial charges | 65/66B | €401 | €810 | +€409 | +102% |
| Recurring financial charges | 65 | €401 | €810 | +€409 | +102% |
| Profit (loss) for the period before taxes | 9903 | €27,261 | €58,286 | +€31,025 | +114% |
| Income taxes | 67/77 | €6,945 | €15,761 | +€8,816 | +127% |
| Profit (loss) for the period | 9904 | €20,316 | €42,525 | +€22,209 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €20,316 | €42,525 | +€22,209 | +109% |
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 20 October 2026 via checked.be.