LEBOIS: 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.
LEBOIS
Largest movements
- Current investments -€1.8m
down €1.8m (-100%), from €1.8m to €0
- Tangible fixed assets -€162,651
down €162,651 (-14.3%), from €1.1m to €972,205
of which Leasing and similar rights: -€93,437
- Cash -€141,852
down €141,852 (-53.3%), from €265,984 to €124,132
mainly Contributions, distributions and other (-€1.4m) and Net result for the year (-€228,561)
- Stocks and contracts +€132,650
up €132,650 (+17.6%), from €753,550 to €886,200
- Receivables within one year -€68,549
down €68,549 (-22.7%), from €302,003 to €233,453
of which Trade receivables: -€44,073
- Profit (loss) carried forward -€1.7m
down €1.7m (-58.5%), from €2.9m to €1.2m
- Other debts -€151,413
down €151,413 (-100.0%), from €151,422 to €9
- Debts after one year -€135,750
down €135,750 (-82.1%), from €165,287 to €29,537
- Gross operating margin -€312,329
down €312,329 (-41.3%), from €756,394 to €444,065
- Staff costs -€90,403
down €90,403 (-19.7%), from €458,631 to €368,228
- Financial income -€37,638
down €37,638 (-51.9%), from €72,522 to €34,884
- Depreciation +€30,486
up €30,486 (+11.3%), from €269,334 to €299,820
- Taxes -€23,882
down €23,882 (-98.5%), from €24,249 to €367
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 | €4,296,039 | €2,247,683 | -€2.0m | -47.7% |
| Fixed assets | 21/28 | €1,153,464 | €990,313 | -€163,151 | -14.1% |
| Tangible fixed assets | 22/27 | €1,134,855 | €972,205 | -€162,651 | -14.3% |
| Land and buildings | 22 | €214,978 | €198,630 | -€16,348 | -7.6% |
| Plant, machinery and equipment | 23 | €502,909 | €470,627 | -€32,282 | -6.4% |
| Furniture and vehicles | 24 | €47,302 | €28,451 | -€18,851 | -39.9% |
| Leasing and similar rights | 25 | €187,616 | €94,179 | -€93,437 | -49.8% |
| Other tangible fixed assets | 26 | €182,050 | €180,317 | -€1,733 | -1.0% |
| Financial fixed assets | 28 | €18,609 | €18,109 | -€500 | -2.7% |
| Current assets | 29/58 | €3,142,575 | €1,257,370 | -€1.9m | -60.0% |
| Stocks and contracts in progress | 3 | €753,550 | €886,200 | +€132,650 | +17.6% |
| Stocks | 30/36 | €753,550 | €886,200 | +€132,650 | +17.6% |
| Amounts receivable within one year | 40/41 | €302,003 | €233,453 | -€68,549 | -22.7% |
| Trade receivables | 40 | €230,691 | €186,618 | -€44,073 | -19.1% |
| Other amounts receivable | 41 | €71,311 | €46,835 | -€24,476 | -34.3% |
| Current investments | 50/53 | €1,800,000 | €0 | -€1.8m | -100% |
| Cash at bank and in hand | 54/58 | €265,984 | €124,132 | -€141,852 | -53.3% |
| Deferred charges and accrued income | 490/1 | €21,039 | €13,585 | -€7,454 | -35.4% |
| Total equity and liabilities | 10/49 | €4,296,039 | €2,247,683 | -€2.0m | -47.7% |
| Equity | 10/15 | €3,402,934 | €1,727,366 | -€1.7m | -49.2% |
| Contributions | 10/11 | €266,000 | €266,000 | = | 0.0% |
| Capital | 10 | €266,000 | €266,000 | = | 0.0% |
| Issued capital | 100 | €266,000 | €266,000 | = | 0.0% |
| Revaluation surpluses | 12 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €121,625 | €121,625 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,600 | €26,600 | = | 0.0% |
| Legal reserve | 130 | €26,600 | €26,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €351 | €351 | = | 0.0% |
| Distributable reserves | 133 | €94,674 | €94,674 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,856,553 | €1,184,529 | -€1.7m | -58.5% |
| Investment grants | 15 | €8,756 | €5,211 | -€3,545 | -40.5% |
| Amounts payable | 17/49 | €893,105 | €520,317 | -€372,788 | -41.7% |
| Amounts payable after more than one year | 17 | €165,287 | €29,537 | -€135,750 | -82.1% |
| Financial debts | 170/4 | €165,287 | €29,537 | -€135,750 | -82.1% |
| Amounts payable within one year | 42/48 | €727,818 | €490,781 | -€237,037 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €92,863 | €70,750 | -€22,113 | -23.8% |
| Trade debts | 44 | €384,258 | €354,659 | -€29,599 | -7.7% |
| Suppliers | 440/4 | €384,258 | €354,659 | -€29,599 | -7.7% |
| Taxes, remuneration and social security | 45 | €99,275 | €65,362 | -€33,912 | -34.2% |
| Taxes | 450/3 | €38,745 | €27,717 | -€11,029 | -28.5% |
| Remuneration and social security | 454/9 | €60,529 | €37,646 | -€22,884 | -37.8% |
| Other amounts payable | 47/48 | €151,422 | €9 | -€151,413 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €458,631 | €368,228 | -€90,403 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269,334 | €299,820 | +€30,486 | +11.3% |
| Other operating charges | 640/8 | €32,418 | €29,803 | -€2,615 | -8.1% |
| Gross operating margin | 9900 | €756,394 | €444,065 | -€312,329 | -41.3% |
| Operating profit (loss) | 9901 | -€3,989 | -€253,787 | -€249,798 | -6,262% |
| Financial income | 75/76B | €72,522 | €34,884 | -€37,638 | -51.9% |
| Recurring financial income | 75 | €72,522 | €34,884 | -€37,638 | -51.9% |
| Financial charges | 65/66B | €22,193 | €9,292 | -€12,901 | -58.1% |
| Recurring financial charges | 65 | €22,193 | €9,292 | -€12,901 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | €46,340 | -€228,195 | -€274,535 | |
| Income taxes | 67/77 | €24,249 | €367 | -€23,882 | -98.5% |
| Profit (loss) for the period | 9904 | €22,092 | -€228,561 | -€250,653 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €22,092 | -€228,561 | -€250,653 |
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 18 October 2026 via checked.be.