Lebeau Development: 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.
Lebeau Development
Largest movements
- Stocks and contracts +€4.2m
up €4.2m (+117.1%), from €3.6m to €7.8m
- Cash +€3.5m
up €3.5m (+1950.0%), from €179,353 to €3.7m
mainly Debts after one year (+€3.6m) and Advances received (+€2.6m)
- Debts after one year +€3.6m
up €3.6m (+28.8%), from €12.4m to €15.9m
- Advances received +€2.6m
new in 2025: €2.6m
- Trade debts +€1.0m
up €1.0m (+87.3%), from €1.2m to €2.2m
- Tax, wage and social debts +€491,158
new in 2025: €491,158
- Other operating charges -€5,852
down €5,852 (-85.4%), from €6,851 to €998
- Gross operating margin +€4,097
up €4,097 (+91.7%), from -€4,467 to -€370
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 | €14,705,025 | €22,403,430 | +€7.7m | +52.4% |
| Current assets | 29/58 | €14,705,025 | €22,403,430 | +€7.7m | +52.4% |
| Stocks and contracts in progress | 3 | €3,576,438 | €7,762,824 | +€4.2m | +117.1% |
| Stocks | 30/36 | €3,576,438 | €7,762,824 | +€4.2m | +117.1% |
| Amounts receivable within one year | 40/41 | €10,949,235 | €10,958,184 | +€8,949 | +0.1% |
| Trade receivables | 40 | €10,865,263 | €10,958,184 | +€92,921 | +0.9% |
| Other amounts receivable | 41 | €83,972 | €0 | -€83,972 | -100.0% |
| Cash at bank and in hand | 54/58 | €179,353 | €3,676,672 | +€3.5m | +1950.0% |
| Deferred charges and accrued income | 490/1 | - | €5,750 | +€5,750 | |
| Total equity and liabilities | 10/49 | €14,705,025 | €22,403,430 | +€7.7m | +52.4% |
| Equity | 10/15 | €1,175,966 | €1,174,597 | -€1,368 | -0.1% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,034 | -€75,403 | -€1,368 | -1.8% |
| Amounts payable | 17/49 | €13,529,060 | €21,228,832 | +€7.7m | +56.9% |
| Amounts payable after more than one year | 17 | €12,362,176 | €15,919,210 | +€3.6m | +28.8% |
| Other amounts payable | 178/9 | €12,362,176 | €15,919,210 | +€3.6m | +28.8% |
| Amounts payable within one year | 42/48 | €1,166,884 | €5,309,623 | +€4.1m | +355.0% |
| Trade debts | 44 | €1,166,884 | €2,185,064 | +€1.0m | +87.3% |
| Suppliers | 440/4 | €1,166,884 | €2,185,064 | +€1.0m | +87.3% |
| Advances received on contracts in progress | 46 | - | €2,633,400 | +€2.6m | |
| Taxes, remuneration and social security | 45 | - | €491,158 | +€491,158 | |
| Taxes | 450/3 | - | €491,158 | +€491,158 | |
| Non-recurring operating income | 76A | - | €3,084 | +€3,084 | |
| Other operating charges | 640/8 | €6,851 | €998 | -€5,852 | -85.4% |
| Gross operating margin | 9900 | -€4,467 | -€370 | +€4,097 | +91.7% |
| Operating profit (loss) | 9901 | -€11,318 | -€1,368 | +€9,949 | +87.9% |
| Financial charges | 65/66B | €0 | - | = | |
| Recurring financial charges | 65 | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€11,318 | -€1,368 | +€9,949 | +87.9% |
| Profit (loss) for the period | 9904 | -€11,318 | -€1,368 | +€9,949 | +87.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,318 | -€1,368 | +€9,949 | +87.9% |
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 6 October 2026 via checked.be.