LEBWOOD: 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.
LEBWOOD
Largest movements
- Tangible fixed assets +€30,623
up €30,623 (+64.5%), from €47,504 to €78,127
of which Furniture and vehicles: +€28,647
- Stocks and contracts -€11,947
down €11,947 (-32.8%), from €36,387 to €24,440
- Receivables within one year -€6,902
down €6,902 (-17.8%), from €38,721 to €31,819
of which Trade receivables: -€8,183
- Other debts +€31,650
up €31,650 (+21.7%), from €146,138 to €177,788
- Profit (loss) carried forward -€15,721
down €15,721 (-45.5%), from -€34,529 to -€50,251
- Trade debts -€3,386
down €3,386 (-49.7%), from €6,820 to €3,433
of which Bills of exchange payable: -€2,640
- Gross operating margin +€22,663
up €22,663, from -€8,356 to €14,307
- Depreciation +€2,395
up €2,395 (+9.6%), from €24,880 to €27,275
- Other operating charges +€1,363
up €1,363 (+134%), from €1,021 to €2,384
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 | €129,505 | €141,341 | +€11,836 | +9.1% |
| Fixed assets | 21/28 | €47,504 | €78,127 | +€30,623 | +64.5% |
| Tangible fixed assets | 22/27 | €47,504 | €78,127 | +€30,623 | +64.5% |
| Plant, machinery and equipment | 23 | €8,047 | €10,023 | +€1,976 | +24.6% |
| Furniture and vehicles | 24 | €39,457 | €68,103 | +€28,647 | +72.6% |
| Current assets | 29/58 | €82,001 | €63,214 | -€18,787 | -22.9% |
| Stocks and contracts in progress | 3 | €36,387 | €24,440 | -€11,947 | -32.8% |
| Stocks | 30/36 | €36,387 | €24,440 | -€11,947 | -32.8% |
| Amounts receivable within one year | 40/41 | €38,721 | €31,819 | -€6,902 | -17.8% |
| Trade receivables | 40 | €37,690 | €29,506 | -€8,183 | -21.7% |
| Other amounts receivable | 41 | €1,031 | €2,312 | +€1,281 | +124% |
| Cash at bank and in hand | 54/58 | €6,894 | €6,955 | +€62 | +0.9% |
| Total equity and liabilities | 10/49 | €129,505 | €141,341 | +€11,836 | +9.1% |
| Equity | 10/15 | -€24,529 | -€40,251 | -€15,721 | -64.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,529 | -€50,251 | -€15,721 | -45.5% |
| Amounts payable | 17/49 | €154,034 | €181,592 | +€27,557 | +17.9% |
| Amounts payable within one year | 42/48 | €154,034 | €181,592 | +€27,557 | +17.9% |
| Trade debts | 44 | €6,820 | €3,433 | -€3,386 | -49.7% |
| Suppliers | 440/4 | €4,180 | €3,433 | -€746 | -17.9% |
| Bills of exchange payable | 441 | €2,640 | - | -€2,640 | |
| Taxes, remuneration and social security | 45 | €1,077 | €370 | -€707 | -65.6% |
| Taxes | 450/3 | €1,077 | €370 | -€707 | -65.6% |
| Other amounts payable | 47/48 | €146,138 | €177,788 | +€31,650 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,880 | €27,275 | +€2,395 | +9.6% |
| Other operating charges | 640/8 | €1,021 | €2,384 | +€1,363 | +134% |
| Gross operating margin | 9900 | -€8,356 | €14,307 | +€22,663 | |
| Operating profit (loss) | 9901 | -€34,257 | -€15,352 | +€18,905 | +55.2% |
| Financial income | 75/76B | €4 | €8 | +€4 | +82.6% |
| Recurring financial income | 75 | €4 | €8 | +€4 | +82.6% |
| Financial charges | 65/66B | €127 | €157 | +€30 | +23.8% |
| Recurring financial charges | 65 | €127 | €157 | +€30 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | -€34,379 | -€15,501 | +€18,878 | +54.9% |
| Income taxes | 67/77 | €150 | €220 | +€70 | +46.7% |
| Profit (loss) for the period | 9904 | -€34,529 | -€15,721 | +€18,808 | +54.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,529 | -€15,721 | +€18,808 | +54.5% |
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 21 October 2026 via checked.be.