L.E.F FIT: 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.
L.E.F FIT
Largest movements
- Receivables within one year +€24,229
up €24,229 (+4,217%), from €575 to €24,804
of which Trade receivables: +€24,733
- Tangible fixed assets +€16,101
up €16,101 (+48.7%), from €33,083 to €49,184
of which Plant, machinery and equipment: +€20,012
- Financial fixed assets +€12,000
new in 2025: €12,000
- Cash -€9,229
down €9,229 (-26.9%), from €34,362 to €25,133
mainly Investment in fixed assets (net) (-€44,837) and Other debts (-€24,877)
- Debts after one year +€27,382
up €27,382 (+138%), from €19,817 to €47,199
- Other debts -€24,877
down €24,877 (-64.3%), from €38,716 to €13,840
- Trade debts +€24,575
up €24,575 (+5,236%), from €469 to €25,045
- Current portion of long-term debt +€8,076
up €8,076 (+363%), from €2,225 to €10,300
- Profit (loss) carried forward +€7,746
up €7,746, from -€844 to €6,902
- Depreciation +€4,452
up €4,452 (+36.2%), from €12,284 to €16,736
- Gross operating margin +€2,749
up €2,749 (+9.8%), from €28,193 to €30,942
- Financial charges +€1,848
up €1,848 (+104%), from €1,782 to €3,630
- Taxes +€1,244
up €1,244 (+460%), from €270 to €1,514
- Other operating charges +€421
up €421 (+56.3%), from €748 to €1,170
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 | €68,020 | €111,121 | +€43,101 | +63.4% |
| Fixed assets | 21/28 | €33,083 | €61,184 | +€28,101 | +84.9% |
| Tangible fixed assets | 22/27 | €33,083 | €49,184 | +€16,101 | +48.7% |
| Plant, machinery and equipment | 23 | €4,600 | €24,612 | +€20,012 | +435% |
| Leasing and similar rights | 25 | €21,974 | €12,414 | -€9,560 | -43.5% |
| Other tangible fixed assets | 26 | €6,510 | €12,158 | +€5,648 | +86.8% |
| Financial fixed assets | 28 | - | €12,000 | +€12,000 | |
| Current assets | 29/58 | €34,937 | €49,937 | +€15,001 | +42.9% |
| Amounts receivable within one year | 40/41 | €575 | €24,804 | +€24,229 | +4,217% |
| Trade receivables | 40 | - | €24,733 | +€24,733 | |
| Other amounts receivable | 41 | €575 | €71 | -€504 | -87.6% |
| Cash at bank and in hand | 54/58 | €34,362 | €25,133 | -€9,229 | -26.9% |
| Total equity and liabilities | 10/49 | €68,020 | €111,121 | +€43,101 | +63.4% |
| Equity | 10/15 | €4,156 | €11,902 | +€7,746 | +186% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€844 | €6,902 | +€7,746 | |
| Amounts payable | 17/49 | €63,864 | €99,219 | +€35,356 | +55.4% |
| Amounts payable after more than one year | 17 | €19,817 | €47,199 | +€27,382 | +138% |
| Financial debts | 170/4 | €19,817 | €47,199 | +€27,382 | +138% |
| Amounts payable within one year | 42/48 | €44,033 | €51,749 | +€7,715 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €2,225 | €10,300 | +€8,076 | +363% |
| Trade debts | 44 | €469 | €25,045 | +€24,575 | +5,236% |
| Suppliers | 440/4 | €469 | €25,045 | +€24,575 | +5,236% |
| Taxes, remuneration and social security | 45 | €2,623 | €2,564 | -€59 | -2.2% |
| Taxes | 450/3 | €2,623 | €2,564 | -€59 | -2.2% |
| Other amounts payable | 47/48 | €38,716 | €13,840 | -€24,877 | -64.3% |
| Accrued charges and deferred income | 492/3 | €14 | €272 | +€258 | +1,875% |
| Remuneration, social security and pensions | 62 | - | €148 | +€148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,284 | €16,736 | +€4,452 | +36.2% |
| Other operating charges | 640/8 | €748 | €1,170 | +€421 | +56.3% |
| Gross operating margin | 9900 | €28,193 | €30,942 | +€2,749 | +9.8% |
| Operating profit (loss) | 9901 | €15,160 | €12,889 | -€2,272 | -15.0% |
| Financial income | 75/76B | €12 | €1 | -€11 | -90.2% |
| Recurring financial income | 75 | €12 | €1 | -€11 | -90.2% |
| Financial charges | 65/66B | €1,782 | €3,630 | +€1,848 | +104% |
| Recurring financial charges | 65 | €1,782 | €3,630 | +€1,848 | +104% |
| Profit (loss) for the period before taxes | 9903 | €13,391 | €9,260 | -€4,131 | -30.8% |
| Income taxes | 67/77 | €270 | €1,514 | +€1,244 | +460% |
| Profit (loss) for the period | 9904 | €13,121 | €7,746 | -€5,375 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,121 | €7,746 | -€5,375 | -41.0% |
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 29 October 2026 via checked.be.