LEBG: 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.
LEBG
Largest movements
- Tangible fixed assets -€22,530
down €22,530 (-43.5%), from €51,746 to €29,217
of which Plant, machinery and equipment: -€14,457
- Stocks and contracts +€18,243
up €18,243 (+24.1%), from €75,701 to €93,943
- Receivables within one year -€17,467
down €17,467 (-53.6%), from €32,563 to €15,097
of which Trade receivables: -€17,217
- Cash +€7,781
up €7,781 (+215%), from €3,613 to €11,394
mainly Trade debts (+€47,472) and Advances received (+€27,000)
- Profit (loss) carried forward -€65,603
down €65,603 (-357%), from -€18,380 to -€83,983
- Trade debts +€47,472
up €47,472 (+82.3%), from €57,675 to €105,147
- Advances received +€27,000
new in 2025: €27,000
- Current portion of long-term debt -€13,623
down €13,623 (-54.6%), from €24,934 to €11,311
- Tax, wage and social debts -€13,406
down €13,406 (-35.9%), from €37,368 to €23,961
of which Taxes: -€15,060
- Gross operating margin -€113,617
down €113,617 (-63.5%), from €179,040 to €65,423
- Staff costs -€32,352
down €32,352 (-29.3%), from €110,403 to €78,050
- Depreciation -€5,423
down €5,423 (-19.2%), from €28,205 to €22,782
- Taxes -€5,180
down €5,180 (-90.4%), from €5,728 to €548
- Other operating charges +€5,175
up €5,175 (+226%), from €2,290 to €7,465
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 | €166,478 | €153,058 | -€13,419 | -8.1% |
| Fixed assets | 21/28 | €52,593 | €29,811 | -€22,782 | -43.3% |
| Intangible fixed assets | 21 | €547 | €295 | -€253 | -46.2% |
| Tangible fixed assets | 22/27 | €51,746 | €29,217 | -€22,530 | -43.5% |
| Plant, machinery and equipment | 23 | €31,266 | €16,809 | -€14,457 | -46.2% |
| Furniture and vehicles | 24 | €11,935 | €7,652 | -€4,283 | -35.9% |
| Other tangible fixed assets | 26 | €8,545 | €4,756 | -€3,789 | -44.3% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €113,884 | €123,247 | +€9,363 | +8.2% |
| Stocks and contracts in progress | 3 | €75,701 | €93,943 | +€18,243 | +24.1% |
| Stocks | 30/36 | €75,701 | €93,943 | +€18,243 | +24.1% |
| Amounts receivable within one year | 40/41 | €32,563 | €15,097 | -€17,467 | -53.6% |
| Trade receivables | 40 | €32,313 | €15,097 | -€17,217 | -53.3% |
| Other amounts receivable | 41 | €250 | - | -€250 | |
| Cash at bank and in hand | 54/58 | €3,613 | €11,394 | +€7,781 | +215% |
| Deferred charges and accrued income | 490/1 | €2,007 | €2,813 | +€806 | +40.2% |
| Total equity and liabilities | 10/49 | €166,478 | €153,058 | -€13,419 | -8.1% |
| Equity | 10/15 | €2,374 | -€64,306 | -€66,680 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,380 | -€83,983 | -€65,603 | -357% |
| Investment grants | 15 | €2,154 | €1,077 | -€1,077 | -50.0% |
| Provisions and deferred taxes | 16 | €718 | €359 | -€359 | -50.0% |
| Deferred taxes | 168 | €718 | €359 | -€359 | -50.0% |
| Amounts payable | 17/49 | €163,386 | €217,006 | +€53,620 | +32.8% |
| Amounts payable after more than one year | 17 | €13,664 | €2,503 | -€11,162 | -81.7% |
| Financial debts | 170/4 | €13,664 | €2,503 | -€11,162 | -81.7% |
| Amounts payable within one year | 42/48 | €149,721 | €210,204 | +€60,482 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €24,934 | €11,311 | -€13,623 | -54.6% |
| Trade debts | 44 | €57,675 | €105,147 | +€47,472 | +82.3% |
| Suppliers | 440/4 | €57,675 | €105,147 | +€47,472 | +82.3% |
| Advances received on contracts in progress | 46 | - | €27,000 | +€27,000 | |
| Taxes, remuneration and social security | 45 | €37,368 | €23,961 | -€13,406 | -35.9% |
| Taxes | 450/3 | €29,560 | €14,501 | -€15,060 | -50.9% |
| Remuneration and social security | 454/9 | €7,807 | €9,461 | +€1,653 | +21.2% |
| Other amounts payable | 47/48 | €29,745 | €42,784 | +€13,039 | +43.8% |
| Accrued charges and deferred income | 492/3 | - | €4,299 | +€4,299 | |
| Remuneration, social security and pensions | 62 | €110,403 | €78,050 | -€32,352 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,205 | €22,782 | -€5,423 | -19.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,621 | €13,607 | +€1,986 | +17.1% |
| Other operating charges | 640/8 | €2,290 | €7,465 | +€5,175 | +226% |
| Gross operating margin | 9900 | €179,040 | €65,423 | -€113,617 | -63.5% |
| Operating profit (loss) | 9901 | €26,522 | -€56,481 | -€83,003 | |
| Financial income | 75/76B | €3,820 | €7,823 | +€4,003 | +105% |
| Recurring financial income | 75 | €3,820 | €7,823 | +€4,003 | +105% |
| Financial charges | 65/66B | €12,004 | €16,755 | +€4,752 | +39.6% |
| Recurring financial charges | 65 | €12,004 | €16,755 | +€4,752 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | €18,338 | -€65,414 | -€83,752 | |
| Transfer from deferred taxes | 780 | €359 | €359 | = | 0.0% |
| Income taxes | 67/77 | €5,728 | €548 | -€5,180 | -90.4% |
| Profit (loss) for the period | 9904 | €12,969 | -€65,603 | -€78,572 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,969 | -€65,603 | -€78,572 |
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 14 October 2026 via checked.be.