LEFAME: 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.
LEFAME
Largest movements
- Receivables within one year +€556,409
up €556,409 (+74.2%), from €749,659 to €1.3m
of which Trade receivables: +€547,818
- Deferred charges and accrued income -€180,852
down €180,852 (-97.4%), from €185,611 to €4,760
- Cash +€104,679
up €104,679 (+24.3%), from €431,208 to €535,887
mainly Net result for the year (+€489,817) and Deferred charges and accrued income (+€180,852)
- Intangible fixed assets -€20,171
down €20,171 (-29.6%), from €68,133 to €47,962
- Profit (loss) carried forward +€339,817
up €339,817 (+127%), from €267,600 to €607,417
- Accrued charges and deferred income -€160,176
down €160,176 (-98.2%), from €163,065 to €2,889
- Trade debts +€139,738
up €139,738 (+18.5%), from €753,515 to €893,253
- Tax, wage and social debts +€98,664
up €98,664 (+72.4%), from €136,223 to €234,887
of which Remuneration and social security: +€69,990
- Other debts +€49,102
up €49,102 (+48.1%), from €102,136 to €151,239
- Gross operating margin +€513,028
up €513,028 (+87.7%), from €584,932 to €1.1m
- Staff costs +€237,302
up €237,302 (+118%), from €200,348 to €437,651
- Taxes +€33,862
up €33,862 (+37.9%), from €89,356 to €123,218
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 | €1,472,791 | €1,945,504 | +€472,713 | +32.1% |
| Fixed assets | 21/28 | €106,314 | €98,790 | -€7,523 | -7.1% |
| Intangible fixed assets | 21 | €68,133 | €47,962 | -€20,171 | -29.6% |
| Tangible fixed assets | 22/27 | €38,180 | €50,828 | +€12,648 | +33.1% |
| Furniture and vehicles | 24 | €38,180 | €50,828 | +€12,648 | +33.1% |
| Current assets | 29/58 | €1,366,478 | €1,846,714 | +€480,236 | +35.1% |
| Amounts receivable within one year | 40/41 | €749,659 | €1,306,068 | +€556,409 | +74.2% |
| Trade receivables | 40 | €749,659 | €1,297,477 | +€547,818 | +73.1% |
| Other amounts receivable | 41 | - | €8,591 | +€8,591 | |
| Cash at bank and in hand | 54/58 | €431,208 | €535,887 | +€104,679 | +24.3% |
| Deferred charges and accrued income | 490/1 | €185,611 | €4,760 | -€180,852 | -97.4% |
| Total equity and liabilities | 10/49 | €1,472,791 | €1,945,504 | +€472,713 | +32.1% |
| Equity | 10/15 | €268,600 | €608,417 | +€339,817 | +127% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €267,600 | €607,417 | +€339,817 | +127% |
| Amounts payable | 17/49 | €1,204,192 | €1,337,087 | +€132,895 | +11.0% |
| Amounts payable after more than one year | 17 | €32,731 | €30,945 | -€1,786 | -5.5% |
| Financial debts | 170/4 | €32,731 | €30,945 | -€1,786 | -5.5% |
| Amounts payable within one year | 42/48 | €1,008,396 | €1,303,253 | +€294,857 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €16,522 | €23,874 | +€7,352 | +44.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €753,515 | €893,253 | +€139,738 | +18.5% |
| Suppliers | 440/4 | €753,515 | €893,253 | +€139,738 | +18.5% |
| Taxes, remuneration and social security | 45 | €136,223 | €234,887 | +€98,664 | +72.4% |
| Taxes | 450/3 | €103,010 | €131,684 | +€28,674 | +27.8% |
| Remuneration and social security | 454/9 | €33,213 | €103,203 | +€69,990 | +211% |
| Other amounts payable | 47/48 | €102,136 | €151,239 | +€49,102 | +48.1% |
| Accrued charges and deferred income | 492/3 | €163,065 | €2,889 | -€160,176 | -98.2% |
| Remuneration, social security and pensions | 62 | €200,348 | €437,651 | +€237,302 | +118% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,233 | €40,351 | +€6,118 | +17.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €516 | +€516 | |
| Other operating charges | 640/8 | €802 | €717 | -€85 | -10.7% |
| Gross operating margin | 9900 | €584,932 | €1,097,960 | +€513,028 | +87.7% |
| Operating profit (loss) | 9901 | €349,548 | €618,724 | +€269,177 | +77.0% |
| Financial income | 75/76B | €19 | €29 | +€10 | +51.5% |
| Recurring financial income | 75 | €19 | €29 | +€10 | +51.5% |
| Financial charges | 65/66B | €7,303 | €5,717 | -€1,586 | -21.7% |
| Recurring financial charges | 65 | €7,303 | €5,717 | -€1,586 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €342,263 | €613,035 | +€270,772 | +79.1% |
| Income taxes | 67/77 | €89,356 | €123,218 | +€33,862 | +37.9% |
| Profit (loss) for the period | 9904 | €252,907 | €489,817 | +€236,911 | +93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €252,907 | €489,817 | +€236,911 | +93.7% |
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 29 October 2026 via checked.be.