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
- Tangible fixed assets -€72,514
down €72,514 (-19.1%), from €379,498 to €306,983
of which Land and buildings: -€108,288
- Cash +€60,978
up €60,978 (+36.9%), from €165,083 to €226,061
mainly Other debts (+€216,066) and Net result for the year (+€162,486)
- Receivables within one year +€8,448
up €8,448 (+98.0%), from €8,620 to €17,067
of which Trade receivables: +€6,886
- Other debts +€216,066
up €216,066 (+150%), from €143,969 to €360,035
- Profit (loss) carried forward -€159,270
down €159,270 (-83.1%), from €191,756 to €32,486
- Debts after one year -€34,282
down €34,282 (-54.0%), from €63,473 to €29,191
- Tax, wage and social debts -€25,473
down €25,473 (-34.7%), from €73,305 to €47,832
of which Taxes: -€25,527
- Current portion of long-term debt -€9,098
down €9,098 (-21.0%), from €43,380 to €34,282
- Taxes -€24,566
down €24,566 (-64.3%), from €38,198 to €13,632
- Staff costs -€14,590
down €14,590 (-5.0%), from €289,050 to €274,460
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 | €568,694 | €564,740 | -€3,954 | -0.7% |
| Fixed assets | 21/28 | €380,594 | €306,983 | -€73,610 | -19.3% |
| Intangible fixed assets | 21 | €1,096 | €0 | -€1,096 | -100% |
| Tangible fixed assets | 22/27 | €379,498 | €306,983 | -€72,514 | -19.1% |
| Land and buildings | 22 | €108,288 | €0 | -€108,288 | -100% |
| Plant, machinery and equipment | 23 | €151,672 | €126,827 | -€24,845 | -16.4% |
| Furniture and vehicles | 24 | €119,538 | €76,816 | -€42,723 | -35.7% |
| Other tangible fixed assets | 26 | - | €103,341 | +€103,341 | |
| Current assets | 29/58 | €188,100 | €257,757 | +€69,657 | +37.0% |
| Stocks and contracts in progress | 3 | €7,504 | €7,029 | -€475 | -6.3% |
| Stocks | 30/36 | €7,504 | €7,029 | -€475 | -6.3% |
| Amounts receivable within one year | 40/41 | €8,620 | €17,067 | +€8,448 | +98.0% |
| Trade receivables | 40 | €2,140 | €9,026 | +€6,886 | +322% |
| Other amounts receivable | 41 | €6,480 | €8,041 | +€1,562 | +24.1% |
| Cash at bank and in hand | 54/58 | €165,083 | €226,061 | +€60,978 | +36.9% |
| Deferred charges and accrued income | 490/1 | €6,893 | €7,599 | +€706 | +10.2% |
| Total equity and liabilities | 10/49 | €568,694 | €564,740 | -€3,954 | -0.7% |
| Equity | 10/15 | €201,756 | €42,486 | -€159,270 | -78.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,756 | €32,486 | -€159,270 | -83.1% |
| Amounts payable | 17/49 | €366,938 | €522,254 | +€155,316 | +42.3% |
| Amounts payable after more than one year | 17 | €63,473 | €29,191 | -€34,282 | -54.0% |
| Financial debts | 170/4 | €63,473 | €29,191 | -€34,282 | -54.0% |
| Amounts payable within one year | 42/48 | €303,465 | €493,063 | +€189,598 | +62.5% |
| Current portion of amounts payable after more than one year | 42 | €43,380 | €34,282 | -€9,098 | -21.0% |
| Financial debts | 43 | €0 | €12 | +€12 | |
| Credit institutions | 430/8 | - | €12 | +€12 | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €42,810 | €50,901 | +€8,091 | +18.9% |
| Suppliers | 440/4 | €42,810 | €50,901 | +€8,091 | +18.9% |
| Taxes, remuneration and social security | 45 | €73,305 | €47,832 | -€25,473 | -34.7% |
| Taxes | 450/3 | €40,766 | €15,239 | -€25,527 | -62.6% |
| Remuneration and social security | 454/9 | €32,539 | €32,593 | +€54 | +0.2% |
| Other amounts payable | 47/48 | €143,969 | €360,035 | +€216,066 | +150% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | €289,050 | €274,460 | -€14,590 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,284 | €83,762 | -€3,522 | -4.0% |
| Other operating charges | 640/8 | €5,967 | €7,326 | +€1,359 | +22.8% |
| Gross operating margin | 9900 | €557,817 | €552,379 | -€5,438 | -1.0% |
| Operating profit (loss) | 9901 | €175,516 | €186,832 | +€11,316 | +6.4% |
| Financial income | 75/76B | €118 | €2 | -€116 | -98.6% |
| Recurring financial income | 75 | €118 | €2 | -€116 | -98.6% |
| Financial charges | 65/66B | €11,130 | €10,715 | -€415 | -3.7% |
| Recurring financial charges | 65 | €11,130 | €10,715 | -€415 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €164,504 | €176,118 | +€11,615 | +7.1% |
| Income taxes | 67/77 | €38,198 | €13,632 | -€24,566 | -64.3% |
| Profit (loss) for the period | 9904 | €126,305 | €162,486 | +€36,181 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €126,305 | €162,486 | +€36,181 | +28.6% |
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 20 October 2026 via checked.be.