LEF SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash +€207,033
up €207,033 (+309%), from €66,981 to €274,014
mainly Receivables after one year (+€161,727) and Net result for the year (+€138,260)
- Receivables after one year -€161,727
down €161,727 (-100%), from €161,727 to €0
- Reserves +€138,260
up €138,260 (+10.4%), from €1.3m to €1.5m
- Debts after one year -€95,167
down €95,167 (-14.8%), from €641,768 to €546,601
- Current portion of long-term debt -€28,119
down €28,119 (-22.8%), from €123,286 to €95,167
- Gross operating margin +€52,829
up €52,829 (+28.2%), from €187,383 to €240,212
- Taxes +€40,658
up €40,658 (+232%), from €17,538 to €58,196
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 | €2,163,523 | €2,190,868 | +€27,345 | +1.3% |
| Fixed assets | 21/28 | €1,932,206 | €1,914,730 | -€17,476 | -0.9% |
| Tangible fixed assets | 22/27 | €829,042 | €811,566 | -€17,476 | -2.1% |
| Land and buildings | 22 | €826,977 | €809,986 | -€16,991 | -2.1% |
| Furniture and vehicles | 24 | €2,065 | €1,580 | -€485 | -23.5% |
| Financial fixed assets | 28 | €1,103,164 | €1,103,164 | = | 0.0% |
| Current assets | 29/58 | €231,317 | €276,137 | +€44,820 | +19.4% |
| Amounts receivable after more than one year | 29 | €161,727 | €0 | -€161,727 | -100% |
| Other amounts receivable | 291 | €161,727 | €0 | -€161,727 | -100% |
| Amounts receivable within one year | 40/41 | €0 | €126 | +€126 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €126 | +€126 | |
| Cash at bank and in hand | 54/58 | €66,981 | €274,014 | +€207,033 | +309% |
| Deferred charges and accrued income | 490/1 | €2,609 | €1,997 | -€612 | -23.5% |
| Total equity and liabilities | 10/49 | €2,163,523 | €2,190,868 | +€27,345 | +1.3% |
| Equity | 10/15 | €1,376,264 | €1,514,524 | +€138,260 | +10.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,326,264 | €1,464,524 | +€138,260 | +10.4% |
| Distributable reserves | 133 | €1,326,264 | €1,464,524 | +€138,260 | +10.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €787,259 | €676,344 | -€110,915 | -14.1% |
| Amounts payable after more than one year | 17 | €641,768 | €546,601 | -€95,167 | -14.8% |
| Financial debts | 170/4 | €641,768 | €546,601 | -€95,167 | -14.8% |
| Amounts payable within one year | 42/48 | €144,886 | €129,144 | -€15,741 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €123,286 | €95,167 | -€28,119 | -22.8% |
| Trade debts | 44 | €137 | €72 | -€65 | -47.6% |
| Suppliers | 440/4 | €137 | €72 | -€65 | -47.6% |
| Taxes, remuneration and social security | 45 | €19,797 | €33,906 | +€14,109 | +71.3% |
| Taxes | 450/3 | €16,890 | €30,997 | +€14,107 | +83.5% |
| Remuneration and social security | 454/9 | €2,906 | €2,908 | +€2 | +0.1% |
| Other amounts payable | 47/48 | €1,666 | €0 | -€1,666 | -100% |
| Accrued charges and deferred income | 492/3 | €605 | €598 | -€7 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,350 | €17,476 | +€125 | +0.7% |
| Other operating charges | 640/8 | €1,081 | €1,113 | +€32 | +3.0% |
| Gross operating margin | 9900 | €187,383 | €240,212 | +€52,829 | +28.2% |
| Operating profit (loss) | 9901 | €168,952 | €221,623 | +€52,671 | +31.2% |
| Financial income | 75/76B | €1,870 | €990 | -€880 | -47.0% |
| Recurring financial income | 75 | €1,870 | €990 | -€880 | -47.0% |
| Financial charges | 65/66B | €28,114 | €26,158 | -€1,956 | -7.0% |
| Recurring financial charges | 65 | €28,114 | €26,158 | -€1,956 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €142,708 | €196,456 | +€53,747 | +37.7% |
| Income taxes | 67/77 | €17,538 | €58,196 | +€40,658 | +232% |
| Profit (loss) for the period | 9904 | €125,170 | €138,260 | +€13,090 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €125,170 | €138,260 | +€13,090 | +10.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.