LEBRUN & CO: 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 & CO
Largest movements
- Cash +€158,613
up €158,613 (+34.3%), from €462,009 to €620,622
mainly Net result for the year (+€149,257) and Depreciation (+€21,379)
- Tangible fixed assets -€21,379
down €21,379 (-14.6%), from €146,691 to €125,312
of which Furniture and vehicles: -€15,223
- Reserves +€140,000
up €140,000 (+20.0%), from €700,000 to €840,000
- Tax, wage and social debts -€22,791
down €22,791 (-51.7%), from €44,067 to €21,276
of which Taxes: -€24,631
- Other debts +€15,026
up €15,026 (+262%), from €5,732 to €20,758
- Debts after one year -€14,218
down €14,218 (-17.9%), from €79,404 to €65,186
- Gross operating margin +€40,595
up €40,595 (+14.4%), from €282,072 to €322,667
- Write-downs +€27,884
up €27,884 (+745%), from €3,741 to €31,625
- Taxes -€5,346
down €5,346 (-8.2%), from €65,354 to €60,008
- Financial income +€3,489
up €3,489 (+60.3%), from €5,785 to €9,274
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 | €915,817 | €1,043,830 | +€128,013 | +14.0% |
| Fixed assets | 21/28 | €154,442 | €134,639 | -€19,803 | -12.8% |
| Tangible fixed assets | 22/27 | €146,691 | €125,312 | -€21,379 | -14.6% |
| Land and buildings | 22 | €101,384 | €95,228 | -€6,156 | -6.1% |
| Furniture and vehicles | 24 | €45,307 | €30,084 | -€15,223 | -33.6% |
| Financial fixed assets | 28 | €7,751 | €9,327 | +€1,576 | +20.3% |
| Current assets | 29/58 | €761,375 | €909,191 | +€147,816 | +19.4% |
| Stocks and contracts in progress | 3 | €88,356 | €86,414 | -€1,942 | -2.2% |
| Stocks | 30/36 | €88,356 | €86,414 | -€1,942 | -2.2% |
| Amounts receivable within one year | 40/41 | €211,010 | €202,043 | -€8,967 | -4.2% |
| Trade receivables | 40 | €200,408 | €198,543 | -€1,865 | -0.9% |
| Other amounts receivable | 41 | €10,602 | €3,500 | -€7,102 | -67.0% |
| Cash at bank and in hand | 54/58 | €462,009 | €620,622 | +€158,613 | +34.3% |
| Deferred charges and accrued income | 490/1 | - | €112 | +€112 | |
| Total equity and liabilities | 10/49 | €915,817 | €1,043,830 | +€128,013 | +14.0% |
| Equity | 10/15 | €762,233 | €911,490 | +€149,257 | +19.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Other | 1109/19 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €700,000 | €840,000 | +€140,000 | +20.0% |
| Distributable reserves | 133 | €700,000 | €840,000 | +€140,000 | +20.0% |
| Profit (loss) carried forward | 14 | €32,233 | €41,490 | +€9,257 | +28.7% |
| Provisions and deferred taxes | 16 | €12,500 | €12,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €12,500 | €12,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €12,500 | €12,500 | = | 0.0% |
| Amounts payable | 17/49 | €141,084 | €119,840 | -€21,244 | -15.1% |
| Amounts payable after more than one year | 17 | €79,404 | €65,186 | -€14,218 | -17.9% |
| Financial debts | 170/4 | €79,404 | €65,186 | -€14,218 | -17.9% |
| Amounts payable within one year | 42/48 | €61,680 | €54,654 | -€7,026 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €11,881 | €12,260 | +€379 | +3.2% |
| Trade debts | 44 | - | €360 | +€360 | |
| Suppliers | 440/4 | - | €360 | +€360 | |
| Taxes, remuneration and social security | 45 | €44,067 | €21,276 | -€22,791 | -51.7% |
| Taxes | 450/3 | €34,027 | €9,396 | -€24,631 | -72.4% |
| Remuneration and social security | 454/9 | €10,040 | €11,880 | +€1,840 | +18.3% |
| Other amounts payable | 47/48 | €5,732 | €20,758 | +€15,026 | +262% |
| Remuneration, social security and pensions | 62 | €60,208 | €63,233 | +€3,025 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,798 | €21,379 | +€581 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,741 | €31,625 | +€27,884 | +745% |
| Other operating charges | 640/8 | €1,132 | €2,029 | +€897 | +79.2% |
| Gross operating margin | 9900 | €282,072 | €322,667 | +€40,595 | +14.4% |
| Operating profit (loss) | 9901 | €196,193 | €204,401 | +€8,208 | +4.2% |
| Financial income | 75/76B | €5,785 | €9,274 | +€3,489 | +60.3% |
| Recurring financial income | 75 | €5,785 | €9,274 | +€3,489 | +60.3% |
| Financial charges | 65/66B | €5,498 | €4,410 | -€1,088 | -19.8% |
| Recurring financial charges | 65 | €5,498 | €4,410 | -€1,088 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €196,480 | €209,265 | +€12,785 | +6.5% |
| Income taxes | 67/77 | €65,354 | €60,008 | -€5,346 | -8.2% |
| Profit (loss) for the period | 9904 | €131,126 | €149,257 | +€18,131 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €131,126 | €149,257 | +€18,131 | +13.8% |
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 26 October 2026 via checked.be.