LeF!: 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.
LeF!
Largest movements
- Cash -€48,751
down €48,751 (-77.9%), from €62,565 to €13,814
mainly Net result for the year (-€16,129) and Investment in fixed assets (net) (-€15,394)
- Tangible fixed assets +€12,081
up €12,081 (+327%), from €3,700 to €15,781
of which Furniture and vehicles: +€12,919
- Receivables within one year +€1,156
up €1,156 (+3.7%), from €31,122 to €32,278
of which Trade receivables: +€1,113
- Profit (loss) carried forward -€16,129
down €16,129, from €1,167 to -€14,963
- Trade debts -€12,700
down €12,700 (-81.1%), from €15,656 to €2,956
- Other debts -€4,232
down €4,232 (-34.0%), from €12,457 to €8,225
- Tax, wage and social debts -€2,701
down €2,701 (-13.6%), from €19,807 to €17,106
of which Taxes: -€1,571
- Gross operating margin -€37,354
down €37,354, from €32,165 to -€5,189
- Taxes -€10,839
down €10,839 (-96.9%), from €11,181 to €342
- Financial charges +€2,171
up €2,171 (+77.2%), from €2,813 to €4,984
- Other operating charges +€1,920
up €1,920 (+473%), from €406 to €2,326
- Depreciation +€1,757
up €1,757 (+97.4%), from €1,804 to €3,562
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,636 | €61,873 | -€35,762 | -36.6% |
| Fixed assets | 21/28 | €3,949 | €15,781 | +€11,832 | +300% |
| Intangible fixed assets | 21 | €249 | €0 | -€249 | -100% |
| Tangible fixed assets | 22/27 | €3,700 | €15,781 | +€12,081 | +327% |
| Plant, machinery and equipment | 23 | €3,350 | €2,512 | -€838 | -25.0% |
| Furniture and vehicles | 24 | €350 | €13,269 | +€12,919 | +3,693% |
| Current assets | 29/58 | €93,687 | €46,092 | -€47,595 | -50.8% |
| Amounts receivable within one year | 40/41 | €31,122 | €32,278 | +€1,156 | +3.7% |
| Trade receivables | 40 | €31,122 | €32,235 | +€1,113 | +3.6% |
| Other amounts receivable | 41 | €0 | €43 | +€43 | |
| Cash at bank and in hand | 54/58 | €62,565 | €13,814 | -€48,751 | -77.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €97,636 | €61,873 | -€35,762 | -36.6% |
| Equity | 10/15 | €49,717 | €33,587 | -€16,129 | -32.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,350 | €42,350 | = | 0.0% |
| Distributable reserves | 133 | €42,350 | €42,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,167 | -€14,963 | -€16,129 | |
| Amounts payable | 17/49 | €47,919 | €28,286 | -€19,633 | -41.0% |
| Amounts payable within one year | 42/48 | €47,919 | €28,286 | -€19,633 | -41.0% |
| Trade debts | 44 | €15,656 | €2,956 | -€12,700 | -81.1% |
| Suppliers | 440/4 | €15,656 | €2,956 | -€12,700 | -81.1% |
| Taxes, remuneration and social security | 45 | €19,807 | €17,106 | -€2,701 | -13.6% |
| Taxes | 450/3 | €18,677 | €17,106 | -€1,571 | -8.4% |
| Remuneration and social security | 454/9 | €1,130 | €0 | -€1,130 | -100% |
| Other amounts payable | 47/48 | €12,457 | €8,225 | -€4,232 | -34.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,804 | €3,562 | +€1,757 | +97.4% |
| Other operating charges | 640/8 | €406 | €2,326 | +€1,920 | +473% |
| Gross operating margin | 9900 | €32,165 | -€5,189 | -€37,354 | |
| Operating profit (loss) | 9901 | €29,955 | -€11,077 | -€41,032 | |
| Financial income | 75/76B | €606 | €274 | -€332 | -54.8% |
| Recurring financial income | 75 | €606 | €274 | -€332 | -54.8% |
| Financial charges | 65/66B | €2,813 | €4,984 | +€2,171 | +77.2% |
| Recurring financial charges | 65 | €2,813 | €4,984 | +€2,171 | +77.2% |
| Profit (loss) for the period before taxes | 9903 | €27,748 | -€15,787 | -€43,535 | |
| Income taxes | 67/77 | €11,181 | €342 | -€10,839 | -96.9% |
| Profit (loss) for the period | 9904 | €16,566 | -€16,129 | -€32,696 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,566 | -€16,129 | -€32,696 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.