LEF CONSULTING: 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 CONSULTING
Largest movements
- Stocks and contracts +€330,500
new in 2025: €330,500
- Receivables within one year +€322,221
up €322,221 (+95.7%), from €336,640 to €658,860
of which Trade receivables: +€322,221
- Financial fixed assets +€51,035
up €51,035 (+12.3%), from €416,212 to €467,247
- Cash +€47,558
up €47,558 (+10.7%), from €445,800 to €493,358
mainly Trade debts (+€511,923) and Net result for the year (+€334,032)
- Trade debts +€511,923
up €511,923 (+8,277%), from €6,185 to €518,108
- Reserves +€296,137
up €296,137 (+47.6%), from €621,508 to €917,645
- Current portion of long-term debt -€22,260
down €22,260 (-67.1%), from €33,177 to €10,918
- Gross operating margin +€291,504
up €291,504 (+113%), from €258,660 to €550,164
- Taxes +€91,098
up €91,098 (+130%), from €70,214 to €161,312
- Financial charges +€15,452
up €15,452 (+140%), from €11,006 to €26,457
of which Financial charges: +€14,402
- Other operating charges +€9,836
up €9,836 (+129%), from €7,622 to €17,458
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 | €1,415,728 | €2,175,150 | +€759,422 | +53.6% |
| Fixed assets | 21/28 | €631,256 | €692,432 | +€61,176 | +9.7% |
| Tangible fixed assets | 22/27 | €215,044 | €225,185 | +€10,141 | +4.7% |
| Plant, machinery and equipment | 23 | €4,351 | €8,144 | +€3,793 | +87.2% |
| Furniture and vehicles | 24 | €3,436 | €19,071 | +€15,635 | +455% |
| Other tangible fixed assets | 26 | €207,256 | €197,970 | -€9,286 | -4.5% |
| Financial fixed assets | 28 | €416,212 | €467,247 | +€51,035 | +12.3% |
| Current assets | 29/58 | €784,473 | €1,482,718 | +€698,246 | +89.0% |
| Stocks and contracts in progress | 3 | - | €330,500 | +€330,500 | |
| Stocks | 30/36 | - | €330,500 | +€330,500 | |
| Amounts receivable within one year | 40/41 | €336,640 | €658,860 | +€322,221 | +95.7% |
| Trade receivables | 40 | €326,853 | €649,074 | +€322,221 | +98.6% |
| Other amounts receivable | 41 | €9,786 | €9,786 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €445,800 | €493,358 | +€47,558 | +10.7% |
| Deferred charges and accrued income | 490/1 | €2,033 | - | -€2,033 | |
| Total equity and liabilities | 10/49 | €1,415,728 | €2,175,150 | +€759,422 | +53.6% |
| Equity | 10/15 | €627,708 | €923,845 | +€296,137 | +47.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €621,508 | €917,645 | +€296,137 | +47.6% |
| Distributable reserves | 133 | €621,508 | €917,645 | +€296,137 | +47.6% |
| Amounts payable | 17/49 | €788,021 | €1,251,305 | +€463,285 | +58.8% |
| Amounts payable after more than one year | 17 | €136,070 | €125,153 | -€10,918 | -8.0% |
| Financial debts | 170/4 | €136,070 | €125,153 | -€10,918 | -8.0% |
| Amounts payable within one year | 42/48 | €649,993 | €1,126,153 | +€476,159 | +73.3% |
| Current portion of amounts payable after more than one year | 42 | €33,177 | €10,918 | -€22,260 | -67.1% |
| Financial debts | 43 | €357,587 | €350,000 | -€7,587 | -2.1% |
| Credit institutions | 430/8 | €300,000 | €350,000 | +€50,000 | +16.7% |
| Other loans | 439 | €57,587 | - | -€57,587 | |
| Trade debts | 44 | €6,185 | €518,108 | +€511,923 | +8,277% |
| Suppliers | 440/4 | €6,185 | €518,108 | +€511,923 | +8,277% |
| Taxes, remuneration and social security | 45 | €173,271 | €181,489 | +€8,218 | +4.7% |
| Taxes | 450/3 | €173,271 | €181,489 | +€8,218 | +4.7% |
| Other amounts payable | 47/48 | €79,773 | €65,638 | -€14,135 | -17.7% |
| Accrued charges and deferred income | 492/3 | €1,957 | - | -€1,957 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,953 | €15,129 | +€1,176 | +8.4% |
| Other operating charges | 640/8 | €7,622 | €17,458 | +€9,836 | +129% |
| Gross operating margin | 9900 | €258,660 | €550,164 | +€291,504 | +113% |
| Operating profit (loss) | 9901 | €237,085 | €517,577 | +€280,492 | +118% |
| Financial income | 75/76B | €1,444 | €4,223 | +€2,780 | +193% |
| Recurring financial income | 75 | €1,444 | €4,223 | +€2,780 | +193% |
| Financial charges | 65/66B | €11,006 | €26,457 | +€15,452 | +140% |
| Recurring financial charges | 65 | €11,006 | €25,407 | +€14,402 | +131% |
| Non-recurring financial charges | 66B | - | €1,050 | +€1,050 | |
| Profit (loss) for the period before taxes | 9903 | €227,523 | €495,343 | +€267,820 | +118% |
| Income taxes | 67/77 | €70,214 | €161,312 | +€91,098 | +130% |
| Profit (loss) for the period | 9904 | €157,309 | €334,032 | +€176,722 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €157,309 | €334,032 | +€176,722 | +112% |
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 13 October 2026 via checked.be.