LEBO & CO: 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.
LEBO & CO
Largest movements
- Receivables within one year +€99,055
up €99,055 (+49.2%), from €201,345 to €300,400
of which Trade receivables: +€95,774
- Cash -€12,480
down €12,480 (-49.0%), from €25,478 to €12,999
mainly Receivables within one year (-€99,055) and Tax, wage and social debts (-€43,848)
- Deferred charges and accrued income -€8,919
down €8,919 (-47.4%), from €18,801 to €9,881
- Tangible fixed assets -€7,822
down €7,822 (-7.5%), from €104,761 to €96,939
of which Land and buildings: -€7,451
- Trade debts +€112,658
up €112,658 (+76.9%), from €146,514 to €259,172
- Tax, wage and social debts -€43,848
down €43,848 (-53.2%), from €82,393 to €38,544
of which Taxes: -€35,848
- Debts after one year -€7,097
down €7,097 (-20.8%), from €34,070 to €26,973
- Other debts +€7,000
up €7,000 (+97.4%), from €7,188 to €14,189
- Other operating charges +€2,711
up €2,711 (+129%), from €2,097 to €4,809
- Depreciation -€1,933
down €1,933 (-19.8%), from €9,754 to €7,822
- Gross operating margin -€1,906
down €1,906 (-9.7%), from €19,719 to €17,813
- Financial charges +€1,674
up €1,674 (+55.2%), from €3,034 to €4,708
- Taxes -€800
down €800 (-32.0%), from €2,500 to €1,701
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 | €357,367 | €427,684 | +€70,316 | +19.7% |
| Fixed assets | 21/28 | €109,243 | €101,903 | -€7,340 | -6.7% |
| Tangible fixed assets | 22/27 | €104,761 | €96,939 | -€7,822 | -7.5% |
| Land and buildings | 22 | €103,418 | €95,967 | -€7,451 | -7.2% |
| Plant, machinery and equipment | 23 | €936 | €569 | -€366 | -39.2% |
| Furniture and vehicles | 24 | €407 | €403 | -€4 | -1.1% |
| Financial fixed assets | 28 | €4,482 | €4,964 | +€482 | +10.8% |
| Current assets | 29/58 | €248,125 | €325,781 | +€77,656 | +31.3% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €201,345 | €300,400 | +€99,055 | +49.2% |
| Trade receivables | 40 | €199,820 | €295,594 | +€95,774 | +47.9% |
| Other amounts receivable | 41 | €1,526 | €4,807 | +€3,281 | +215% |
| Cash at bank and in hand | 54/58 | €25,478 | €12,999 | -€12,480 | -49.0% |
| Deferred charges and accrued income | 490/1 | €18,801 | €9,881 | -€8,919 | -47.4% |
| Total equity and liabilities | 10/49 | €357,367 | €427,684 | +€70,316 | +19.7% |
| Equity | 10/15 | €76,766 | €79,977 | +€3,211 | +4.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,860 | €8,860 | = | 0.0% |
| Distributable reserves | 133 | €8,860 | €8,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,706 | €64,917 | +€3,211 | +5.2% |
| Amounts payable | 17/49 | €280,602 | €347,707 | +€67,106 | +23.9% |
| Amounts payable after more than one year | 17 | €34,070 | €26,973 | -€7,097 | -20.8% |
| Financial debts | 170/4 | €34,070 | €26,973 | -€7,097 | -20.8% |
| Amounts payable within one year | 42/48 | €244,508 | €320,734 | +€76,226 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €8,413 | €7,097 | -€1,316 | -15.6% |
| Trade debts | 44 | €146,514 | €259,172 | +€112,658 | +76.9% |
| Suppliers | 440/4 | €146,514 | €259,172 | +€112,658 | +76.9% |
| Advances received on contracts in progress | 46 | - | €1,732 | +€1,732 | |
| Taxes, remuneration and social security | 45 | €82,393 | €38,544 | -€43,848 | -53.2% |
| Taxes | 450/3 | €40,393 | €4,544 | -€35,848 | -88.8% |
| Remuneration and social security | 454/9 | €42,000 | €34,000 | -€8,000 | -19.0% |
| Other amounts payable | 47/48 | €7,188 | €14,189 | +€7,000 | +97.4% |
| Accrued charges and deferred income | 492/3 | €2,023 | - | -€2,023 | |
| Non-recurring operating income | 76A | - | €1,653 | +€1,653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,754 | €7,822 | -€1,933 | -19.8% |
| Other operating charges | 640/8 | €2,097 | €4,809 | +€2,711 | +129% |
| Gross operating margin | 9900 | €19,719 | €17,813 | -€1,906 | -9.7% |
| Operating profit (loss) | 9901 | €7,868 | €5,183 | -€2,685 | -34.1% |
| Financial income | 75/76B | €4,120 | €4,436 | +€317 | +7.7% |
| Recurring financial income | 75 | €4,120 | €4,436 | +€317 | +7.7% |
| Financial charges | 65/66B | €3,034 | €4,708 | +€1,674 | +55.2% |
| Recurring financial charges | 65 | €3,034 | €4,708 | +€1,674 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €8,953 | €4,911 | -€4,042 | -45.1% |
| Income taxes | 67/77 | €2,500 | €1,701 | -€800 | -32.0% |
| Profit (loss) for the period | 9904 | €6,453 | €3,211 | -€3,242 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,453 | €3,211 | -€3,242 | -50.2% |
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 22 October 2026 via checked.be.