LEBON: 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.
LEBON
Largest movements
- Cash +€20,523
up €20,523 (+102%), from €20,080 to €40,603
mainly Net result for the year (+€569,627) and Tax, wage and social debts (+€27,991)
- Receivables within one year +€20,113
up €20,113 (+43.8%), from €45,868 to €65,981
of which Other amounts receivable: +€20,564
- Current investments -€17,038
down €17,038 (-1.3%), from €1.3m to €1.3m
- Profit (loss) carried forward -€123,373
down €123,373 (-99.2%), from €124,398 to €1,025
- Reserves +€118,000
up €118,000 (+22.9%), from €515,000 to €633,000
- Tax, wage and social debts +€27,991
up €27,991 (+23.1%), from €121,330 to €149,321
of which Remuneration and social security: +€26,263
- Gross operating margin +€89,795
up €89,795 (+8.0%), from €1.1m to €1.2m
- Staff costs +€64,950
up €64,950 (+18.2%), from €356,540 to €421,490
- Taxes -€31,596
down €31,596 (-12.9%), from €245,546 to €213,950
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 | €1,377,951 | €1,395,479 | +€17,528 | +1.3% |
| Fixed assets | 21/28 | €26,928 | €21,837 | -€5,091 | -18.9% |
| Tangible fixed assets | 22/27 | €26,853 | €21,763 | -€5,091 | -19.0% |
| Plant, machinery and equipment | 23 | €2,906 | €2,217 | -€690 | -23.7% |
| Furniture and vehicles | 24 | €23,947 | €19,546 | -€4,401 | -18.4% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €1,351,023 | €1,373,642 | +€22,619 | +1.7% |
| Amounts receivable within one year | 40/41 | €45,868 | €65,981 | +€20,113 | +43.8% |
| Trade receivables | 40 | €43,204 | €42,753 | -€451 | -1.0% |
| Other amounts receivable | 41 | €2,665 | €23,229 | +€20,564 | +772% |
| Current investments | 50/53 | €1,280,553 | €1,263,516 | -€17,038 | -1.3% |
| Cash at bank and in hand | 54/58 | €20,080 | €40,603 | +€20,523 | +102% |
| Deferred charges and accrued income | 490/1 | €4,522 | €3,542 | -€980 | -21.7% |
| Total equity and liabilities | 10/49 | €1,377,951 | €1,395,479 | +€17,528 | +1.3% |
| Equity | 10/15 | €659,858 | €654,485 | -€5,373 | -0.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €515,000 | €633,000 | +€118,000 | +22.9% |
| Distributable reserves | 133 | €515,000 | €633,000 | +€118,000 | +22.9% |
| Profit (loss) carried forward | 14 | €124,398 | €1,025 | -€123,373 | -99.2% |
| Amounts payable | 17/49 | €718,092 | €740,993 | +€22,901 | +3.2% |
| Amounts payable within one year | 42/48 | €718,092 | €740,719 | +€22,627 | +3.2% |
| Trade debts | 44 | €26,609 | €15,850 | -€10,760 | -40.4% |
| Suppliers | 440/4 | €26,609 | €15,850 | -€10,760 | -40.4% |
| Taxes, remuneration and social security | 45 | €121,330 | €149,321 | +€27,991 | +23.1% |
| Taxes | 450/3 | €49,880 | €51,609 | +€1,728 | +3.5% |
| Remuneration and social security | 454/9 | €71,450 | €97,713 | +€26,263 | +36.8% |
| Other amounts payable | 47/48 | €570,153 | €575,548 | +€5,395 | +0.9% |
| Accrued charges and deferred income | 492/3 | - | €274 | +€274 | |
| Remuneration, social security and pensions | 62 | €356,540 | €421,490 | +€64,950 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,073 | €9,965 | -€1,108 | -10.0% |
| Other operating charges | 640/8 | €2,612 | €8,331 | +€5,720 | +219% |
| Gross operating margin | 9900 | €1,119,722 | €1,209,518 | +€89,795 | +8.0% |
| Operating profit (loss) | 9901 | €749,498 | €769,731 | +€20,233 | +2.7% |
| Financial income | 75/76B | €18,936 | €21,097 | +€2,162 | +11.4% |
| Recurring financial income | 75 | €18,936 | €21,097 | +€2,162 | +11.4% |
| Financial charges | 65/66B | €1,214 | €7,252 | +€6,038 | +497% |
| Recurring financial charges | 65 | €1,214 | €7,252 | +€6,038 | +497% |
| Profit (loss) for the period before taxes | 9903 | €767,220 | €783,577 | +€16,357 | +2.1% |
| Income taxes | 67/77 | €245,546 | €213,950 | -€31,596 | -12.9% |
| Profit (loss) for the period | 9904 | €521,674 | €569,627 | +€47,953 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €521,674 | €569,627 | +€47,953 | +9.2% |
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 24 October 2026 via checked.be.