LEBRUN FREDERIC: 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 FREDERIC
Largest movements
- Receivables within one year +€14,082
up €14,082 (+82.6%), from €17,045 to €31,127
of which Other amounts receivable: +€16,129
- Cash +€11,000
up €11,000 (+63.3%), from €17,387 to €28,387
mainly Net result for the year (+€25,782) and Depreciation (+€1,266)
- Deferred charges and accrued income +€923
up €923 (+377.6%), from €244 to €1,167
- Profit (loss) carried forward +€25,782
up €25,782 (+121.4%), from €21,242 to €47,025
- Trade debts -€1,341
down €1,341 (-86.2%), from €1,555 to €214
- Tax, wage and social debts +€1,096
up €1,096 (+10.8%), from €10,137 to €11,233
- Gross operating margin +€5,332
up €5,332 (+16.2%), from €32,967 to €38,299
- Taxes +€1,096
up €1,096 (+10.8%), from €10,137 to €11,233
- Financial income +€1,057
new in 2025: €1,057
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 | €36,935 | €62,471 | +€25,537 | +69.1% |
| Fixed assets | 21/28 | €2,258 | €1,791 | -€467 | -20.7% |
| Tangible fixed assets | 22/27 | €2,258 | €1,791 | -€467 | -20.7% |
| Plant, machinery and equipment | 23 | €414 | €358 | -€56 | -13.5% |
| Furniture and vehicles | 24 | €1,843 | €1,433 | -€411 | -22.3% |
| Current assets | 29/58 | €34,677 | €60,681 | +€26,004 | +75.0% |
| Amounts receivable within one year | 40/41 | €17,045 | €31,127 | +€14,082 | +82.6% |
| Trade receivables | 40 | €6,127 | €4,080 | -€2,047 | -33.4% |
| Other amounts receivable | 41 | €10,918 | €27,047 | +€16,129 | +147.7% |
| Cash at bank and in hand | 54/58 | €17,387 | €28,387 | +€11,000 | +63.3% |
| Deferred charges and accrued income | 490/1 | €244 | €1,167 | +€923 | +377.6% |
| Total equity and liabilities | 10/49 | €36,935 | €62,471 | +€25,537 | +69.1% |
| Equity | 10/15 | €25,242 | €51,025 | +€25,782 | +102.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,242 | €47,025 | +€25,782 | +121.4% |
| Amounts payable | 17/49 | €11,692 | €11,447 | -€245 | -2.1% |
| Amounts payable within one year | 42/48 | €11,692 | €11,447 | -€245 | -2.1% |
| Trade debts | 44 | €1,555 | €214 | -€1,341 | -86.2% |
| Suppliers | 440/4 | €1,555 | €214 | -€1,341 | -86.2% |
| Taxes, remuneration and social security | 45 | €10,137 | €11,233 | +€1,096 | +10.8% |
| Taxes | 450/3 | €10,137 | €11,233 | +€1,096 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €886 | €1,266 | +€380 | +42.9% |
| Other operating charges | 640/8 | €701 | €963 | +€262 | +37.4% |
| Gross operating margin | 9900 | €32,967 | €38,299 | +€5,332 | +16.2% |
| Operating profit (loss) | 9901 | €31,380 | €36,070 | +€4,690 | +14.9% |
| Financial income | 75/76B | - | €1,057 | +€1,057 | |
| Recurring financial income | 75 | - | €1,057 | +€1,057 | |
| Financial charges | 65/66B | - | €113 | +€113 | |
| Recurring financial charges | 65 | - | €113 | +€113 | |
| Profit (loss) for the period before taxes | 9903 | €31,380 | €37,015 | +€5,635 | +18.0% |
| Income taxes | 67/77 | €10,137 | €11,233 | +€1,096 | +10.8% |
| Profit (loss) for the period | 9904 | €21,242 | €25,782 | +€4,540 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,242 | €25,782 | +€4,540 | +21.4% |
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 6 October 2026 via checked.be.