LEBEAU PHILIPPE: 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.
LEBEAU PHILIPPE
Largest movements
- Cash -€36,087
down €36,087 (-21.0%), from €171,685 to €135,598
mainly Contributions, distributions and other (-€119,282) and Receivables within one year (-€35,959)
- Receivables within one year +€35,959
up €35,959 (+36.4%), from €98,837 to €134,796
of which Trade receivables: +€36,098
- Tangible fixed assets -€30,770
down €30,770 (-100%), from €30,770 to €0
of which Furniture and vehicles: -€30,737
- Deferred charges and accrued income -€9,383
down €9,383 (-100%), from €9,383 to €0
- Stocks and contracts -€5,675
down €5,675 (-100%), from €5,675 to €0
- Equity +€31,678
up €31,678 (+19.1%), from €166,004 to €197,682
of which Reserves: +€150,000
- Trade debts -€30,003
down €30,003 (-51.7%), from €58,067 to €28,064
- Debts after one year -€21,701
down €21,701 (-100%), from €21,701 to €0
of which Financial debts: -€21,701
- Advances received -€18,668
down €18,668 (-81.0%), from €23,043 to €4,375
- Tax, wage and social debts -€16,765
down €16,765 (-60.8%), from €27,556 to €10,791
of which Taxes: -€18,782
- Gross operating margin +€71,136
up €71,136 (+32.6%), from €217,970 to €289,106
- Staff costs -€52,863
down €52,863 (-51.5%), from €102,727 to €49,864
- Taxes +€39,970
up €39,970 (+114%), from €34,970 to €74,940
- Depreciation -€18,769
down €18,769 (-100%), from €18,769 to €0
- Provisions +€6,440
new in 2025: €6,440
From the 30-06-2025 result to the 31-12-2025 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 30-06-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 30-06-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €316,575 | €270,444 | -€46,131 | -14.6% |
| Fixed assets | 21/28 | €30,994 | €50 | -€30,944 | -99.8% |
| Tangible fixed assets | 22/27 | €30,770 | €0 | -€30,770 | -100% |
| Plant, machinery and equipment | 23 | €33 | €0 | -€33 | -100% |
| Furniture and vehicles | 24 | €30,737 | €0 | -€30,737 | -100% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €224 | €50 | -€174 | -77.8% |
| Current assets | 29/58 | €285,581 | €270,394 | -€15,187 | -5.3% |
| Stocks and contracts in progress | 3 | €5,675 | €0 | -€5,675 | -100% |
| Stocks | 30/36 | €5,675 | €0 | -€5,675 | -100% |
| Amounts receivable within one year | 40/41 | €98,837 | €134,796 | +€35,959 | +36.4% |
| Trade receivables | 40 | €97,613 | €133,711 | +€36,098 | +37.0% |
| Other amounts receivable | 41 | €1,224 | €1,084 | -€140 | -11.4% |
| Cash at bank and in hand | 54/58 | €171,685 | €135,598 | -€36,087 | -21.0% |
| Deferred charges and accrued income | 490/1 | €9,383 | €0 | -€9,383 | -100% |
| Total equity and liabilities | 10/49 | €316,575 | €270,444 | -€46,131 | -14.6% |
| Equity | 10/15 | €166,004 | €197,682 | +€31,678 | +19.1% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €161,175 | €311,175 | +€150,000 | +93.1% |
| Tax-exempt reserves | 132 | €159,316 | €309,316 | +€150,000 | +94.2% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,828 | €5,789 | +€960 | +19.9% |
| Advance to shareholders on the distribution of net assets | 19 | - | €119,282 | +€119,282 | |
| Provisions and deferred taxes | 16 | €0 | €6,440 | +€6,440 | |
| Provisions for liabilities and charges | 160/5 | - | €6,440 | +€6,440 | |
| Other liabilities and charges | 164/5 | - | €6,440 | +€6,440 | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €150,571 | €66,322 | -€84,249 | -56.0% |
| Amounts payable after more than one year | 17 | €21,701 | €0 | -€21,701 | -100% |
| Financial debts | 170/4 | €21,701 | €0 | -€21,701 | -100% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €127,045 | €66,212 | -€60,832 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | €9,738 | €0 | -€9,738 | -100% |
| Financial debts | 43 | €3,006 | €1,202 | -€1,804 | -60.0% |
| Credit institutions | 430/8 | €3,006 | €1,202 | -€1,804 | -60.0% |
| Trade debts | 44 | €58,067 | €28,064 | -€30,003 | -51.7% |
| Suppliers | 440/4 | €58,067 | €28,064 | -€30,003 | -51.7% |
| Advances received on contracts in progress | 46 | €23,043 | €4,375 | -€18,668 | -81.0% |
| Taxes, remuneration and social security | 45 | €27,556 | €10,791 | -€16,765 | -60.8% |
| Taxes | 450/3 | €21,752 | €2,970 | -€18,782 | -86.3% |
| Remuneration and social security | 454/9 | €5,805 | €7,821 | +€2,017 | +34.7% |
| Other amounts payable | 47/48 | €5,635 | €21,780 | +€16,145 | +287% |
| Accrued charges and deferred income | 492/3 | €1,825 | €110 | -€1,716 | -94.0% |
| Non-recurring operating income | 76A | €10,000 | €73,263 | +€63,263 | +633% |
| Remuneration, social security and pensions | 62 | €102,727 | €49,864 | -€52,863 | -51.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,769 | €0 | -€18,769 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,096 | +€4,096 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €6,440 | +€6,440 | |
| Other operating charges | 640/8 | €3,463 | €1,303 | -€2,160 | -62.4% |
| Non-recurring operating charges | 66A | €10,140 | €33 | -€10,107 | -99.7% |
| Gross operating margin | 9900 | €217,970 | €289,106 | +€71,136 | +32.6% |
| Operating profit (loss) | 9901 | €82,871 | €227,370 | +€144,498 | +174% |
| Financial income | 75/76B | €0 | €82 | +€82 | |
| Recurring financial income | 75 | €0 | €82 | +€82 | |
| Financial charges | 65/66B | €2,460 | €1,551 | -€909 | -36.9% |
| Recurring financial charges | 65 | €2,460 | €1,551 | -€909 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €80,411 | €225,900 | +€145,489 | +181% |
| Transfer from deferred taxes | 780 | €2,415 | €0 | -€2,415 | -100% |
| Income taxes | 67/77 | €34,970 | €74,940 | +€39,970 | +114% |
| Profit (loss) for the period | 9904 | €47,857 | €150,960 | +€103,104 | +215% |
| Transfer from tax-exempt reserves | 789 | €20,460 | €0 | -€20,460 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €68,316 | €150,960 | +€82,644 | +121% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.