LEBRUN bvba: 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.
LEBRUN bvba
Largest movements
- Cash +€159,796
up €159,796 (+360%), from €44,412 to €204,207
mainly Accrued charges and deferred income (+€104,500) and Net result for the year (+€66,181)
- Receivables within one year +€28,155
up €28,155 (+4.9%), from €578,218 to €606,373
of which Trade receivables: +€65,809
- Tangible fixed assets -€14,601
down €14,601 (-14.9%), from €97,866 to €83,264
of which Land and buildings: -€10,393
- Accrued charges and deferred income +€104,500
up €104,500 (+148%), from €70,500 to €175,000
- Reserves +€66,181
up €66,181 (+11.8%), from €560,094 to €626,275
of which Distributable reserves: +€66,181
- Gross operating margin -€9,911
down €9,911 (-2.2%), from €459,858 to €449,947
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 | €748,825 | €915,391 | +€166,566 | +22.2% |
| Fixed assets | 21/28 | €97,866 | €83,264 | -€14,601 | -14.9% |
| Tangible fixed assets | 22/27 | €97,866 | €83,264 | -€14,601 | -14.9% |
| Land and buildings | 22 | €69,902 | €59,510 | -€10,393 | -14.9% |
| Plant, machinery and equipment | 23 | €6,233 | €4,100 | -€2,133 | -34.2% |
| Furniture and vehicles | 24 | €21,730 | €19,655 | -€2,075 | -9.6% |
| Current assets | 29/58 | €650,960 | €832,127 | +€181,167 | +27.8% |
| Stocks and contracts in progress | 3 | €23,798 | €19,585 | -€4,213 | -17.7% |
| Stocks | 30/36 | €23,798 | €19,585 | -€4,213 | -17.7% |
| Amounts receivable within one year | 40/41 | €578,218 | €606,373 | +€28,155 | +4.9% |
| Trade receivables | 40 | €188,976 | €254,785 | +€65,809 | +34.8% |
| Other amounts receivable | 41 | €389,242 | €351,588 | -€37,654 | -9.7% |
| Cash at bank and in hand | 54/58 | €44,412 | €204,207 | +€159,796 | +360% |
| Deferred charges and accrued income | 490/1 | €4,532 | €1,961 | -€2,571 | -56.7% |
| Total equity and liabilities | 10/49 | €748,825 | €915,391 | +€166,566 | +22.2% |
| Equity | 10/15 | €642,094 | €708,275 | +€66,181 | +10.3% |
| Contributions | 10/11 | €82,000 | €82,000 | = | 0.0% |
| Reserves | 13 | €560,094 | €626,275 | +€66,181 | +11.8% |
| Non-distributable reserves | 130/1 | €8,200 | €8,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,200 | €8,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,610 | €4,610 | = | 0.0% |
| Distributable reserves | 133 | €547,284 | €613,465 | +€66,181 | +12.1% |
| Amounts payable | 17/49 | €106,732 | €207,116 | +€100,385 | +94.1% |
| Amounts payable within one year | 42/48 | €36,232 | €32,116 | -€4,115 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €188 | €2,494 | +€2,306 | +1,229% |
| Suppliers | 440/4 | €188 | €2,494 | +€2,306 | +1,229% |
| Taxes, remuneration and social security | 45 | €36,044 | €29,622 | -€6,422 | -17.8% |
| Taxes | 450/3 | €6,445 | €0 | -€6,445 | -100% |
| Remuneration and social security | 454/9 | €29,599 | €29,622 | +€23 | +0.1% |
| Accrued charges and deferred income | 492/3 | €70,500 | €175,000 | +€104,500 | +148% |
| Remuneration, social security and pensions | 62 | €340,102 | €339,665 | -€437 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,691 | €18,686 | +€1,995 | +12.0% |
| Other operating charges | 640/8 | €7,469 | €7,661 | +€192 | +2.6% |
| Gross operating margin | 9900 | €459,858 | €449,947 | -€9,911 | -2.2% |
| Operating profit (loss) | 9901 | €95,596 | €83,935 | -€11,661 | -12.2% |
| Financial income | 75/76B | €6,185 | €6,870 | +€685 | +11.1% |
| Recurring financial income | 75 | €6,185 | €6,870 | +€685 | +11.1% |
| Financial charges | 65/66B | €645 | €1,079 | +€434 | +67.2% |
| Recurring financial charges | 65 | €645 | €1,079 | +€434 | +67.2% |
| Profit (loss) for the period before taxes | 9903 | €101,135 | €89,726 | -€11,409 | -11.3% |
| Income taxes | 67/77 | €26,445 | €23,545 | -€2,900 | -11.0% |
| Profit (loss) for the period | 9904 | €74,691 | €66,181 | -€8,509 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,691 | €66,181 | -€8,509 | -11.4% |
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.