LEBRUN: what changed
Two fiscal 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.
LEBRUN
Largest movements
- Tangible fixed assets -€30,627
down €30,627 (-25.5%), from €120,181 to €89,554
of which Plant, machinery and equipment: -€28,181
- Cash -€10,196
down €10,196 (-10.4%), from €97,591 to €87,395
mainly Net result for the year (-€18,679) and Debts after one year (-€11,513)
- Receivables within one year +€2,337
up €2,337 (+31.8%), from €7,339 to €9,676
of which Other amounts receivable: +€1,771
- Profit (loss) carried forward -€18,679
down €18,679, from €4,246 to -€14,432
- Debts after one year -€11,513
down €11,513 (-9.1%), from €126,674 to €115,161
- Other debts -€3,224
no longer reported in 2025 (was €3,224)
- Tax, wage and social debts -€2,977
down €2,977 (-96.4%), from €3,089 to €111
- Trade debts -€2,605
down €2,605 (-24.6%), from €10,587 to €7,982
- Gross operating margin -€82,321
down €82,321 (-89.2%), from €92,327 to €10,005
- Staff costs -€59,667
down €59,667 (-99.8%), from €59,779 to €111
- Depreciation -€10,301
down €10,301 (-35.5%), from €29,050 to €18,749
- Other operating charges +€3,902
up €3,902 (+99.3%), from €3,928 to €7,830
- Financial charges -€2,818
down €2,818 (-51.2%), from €5,500 to €2,682
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.
Cash bridge derived
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 | €231,966 | €192,128 | -€39,838 | -17.2% |
| Fixed assets | 21/28 | €120,224 | €89,554 | -€30,670 | -25.5% |
| Tangible fixed assets | 22/27 | €120,181 | €89,554 | -€30,627 | -25.5% |
| Plant, machinery and equipment | 23 | €107,600 | €79,419 | -€28,181 | -26.2% |
| Furniture and vehicles | 24 | €12,581 | €10,135 | -€2,446 | -19.4% |
| Financial fixed assets | 28 | €43 | - | -€43 | |
| Current assets | 29/58 | €111,742 | €102,573 | -€9,168 | -8.2% |
| Stocks and contracts in progress | 3 | €4,925 | €4,329 | -€595 | -12.1% |
| Stocks | 30/36 | €4,925 | €4,329 | -€595 | -12.1% |
| Amounts receivable within one year | 40/41 | €7,339 | €9,676 | +€2,337 | +31.8% |
| Trade receivables | 40 | €3,084 | €3,650 | +€565 | +18.3% |
| Other amounts receivable | 41 | €4,255 | €6,026 | +€1,771 | +41.6% |
| Cash at bank and in hand | 54/58 | €97,591 | €87,395 | -€10,196 | -10.4% |
| Deferred charges and accrued income | 490/1 | €1,887 | €1,173 | -€714 | -37.8% |
| Total equity and liabilities | 10/49 | €231,966 | €192,128 | -€39,838 | -17.2% |
| Equity | 10/15 | €76,039 | €57,360 | -€18,679 | -24.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €31,793 | €31,793 | = | 0.0% |
| Distributable reserves | 133 | €31,793 | €31,793 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,246 | -€14,432 | -€18,679 | |
| Amounts payable | 17/49 | €155,927 | €134,767 | -€21,160 | -13.6% |
| Amounts payable after more than one year | 17 | €126,674 | €115,161 | -€11,513 | -9.1% |
| Financial debts | 170/4 | €126,674 | €115,161 | -€11,513 | -9.1% |
| Amounts payable within one year | 42/48 | €29,253 | €19,606 | -€9,647 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €11,332 | €11,513 | +€181 | +1.6% |
| Trade debts | 44 | €10,587 | €7,982 | -€2,605 | -24.6% |
| Suppliers | 440/4 | €10,587 | €7,982 | -€2,605 | -24.6% |
| Advances received on contracts in progress | 46 | €1,021 | €0 | -€1,021 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,089 | €111 | -€2,977 | -96.4% |
| Remuneration and social security | 454/9 | €3,089 | €111 | -€2,977 | -96.4% |
| Other amounts payable | 47/48 | €3,224 | - | -€3,224 | |
| Remuneration, social security and pensions | 62 | €59,779 | €111 | -€59,667 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,050 | €18,749 | -€10,301 | -35.5% |
| Other operating charges | 640/8 | €3,928 | €7,830 | +€3,902 | +99.3% |
| Non-recurring operating charges | 66A | €16,283 | - | -€16,283 | |
| Gross operating margin | 9900 | €92,327 | €10,005 | -€82,321 | -89.2% |
| Operating profit (loss) | 9901 | -€16,714 | -€16,686 | +€28 | +0.2% |
| Financial income | 75/76B | €699 | €689 | -€10 | -1.5% |
| Recurring financial income | 75 | €699 | €689 | -€10 | -1.5% |
| Financial charges | 65/66B | €5,500 | €2,682 | -€2,818 | -51.2% |
| Recurring financial charges | 65 | €5,500 | €2,682 | -€2,818 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,514 | -€18,679 | +€2,836 | +13.2% |
| Income taxes | 67/77 | -€25 | €0 | +€25 | |
| Profit (loss) for the period | 9904 | -€21,490 | -€18,679 | +€2,811 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,490 | -€18,679 | +€2,811 | +13.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.