LEFEBVRE: what changed
Two fiscal 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.
LEFEBVRE
Largest movements
- Receivables within one year +€137,276
new in 2025: €137,276
of which Trade receivables: +€130,813
- Tangible fixed assets -€37,721
down €37,721 (-6.5%), from €581,878 to €544,158
of which Furniture and vehicles: -€40,320
- Cash +€14,920
up €14,920 (+73.2%), from €20,391 to €35,311
mainly Net result for the year (+€167,185) and Depreciation (+€100,815)
- Deferred charges and accrued income -€9,714
no longer reported in 2025 (was €9,714)
- Profit (loss) carried forward +€167,185
up €167,185 (+56.1%), from €298,214 to €465,399
- Other debts -€104,700
down €104,700 (-76.1%), from €137,500 to €32,800
- Tax, wage and social debts +€42,184
up €42,184 (+33.0%), from €127,652 to €169,836
of which Taxes: +€27,698
- Financial income +€167,400
new in 2025: €167,400
- Staff costs +€118,591
up €118,591 (+17.7%), from €670,789 to €789,379
- Gross operating margin +€77,232
up €77,232 (+9.3%), from €834,313 to €911,545
- Taxes -€9,409
down €9,409 (-52.4%), from €17,946 to €8,537
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.
Cash bridge derived
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 | €745,284 | €850,045 | +€104,761 | +14.1% |
| Fixed assets | 21/28 | €581,879 | €544,159 | -€37,721 | -6.5% |
| Tangible fixed assets | 22/27 | €581,878 | €544,158 | -€37,721 | -6.5% |
| Land and buildings | 22 | €360,627 | €337,433 | -€23,194 | -6.4% |
| Plant, machinery and equipment | 23 | €84,791 | €110,584 | +€25,793 | +30.4% |
| Furniture and vehicles | 24 | €136,461 | €96,140 | -€40,320 | -29.5% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €163,405 | €305,886 | +€142,482 | +87.2% |
| Amounts receivable after more than one year | 29 | €133,300 | €133,300 | = | 0.0% |
| Trade receivables | 290 | €133,300 | €133,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €137,276 | +€137,276 | |
| Trade receivables | 40 | - | €130,813 | +€130,813 | |
| Other amounts receivable | 41 | - | €6,463 | +€6,463 | |
| Cash at bank and in hand | 54/58 | €20,391 | €35,311 | +€14,920 | +73.2% |
| Deferred charges and accrued income | 490/1 | €9,714 | - | -€9,714 | |
| Total equity and liabilities | 10/49 | €745,284 | €850,045 | +€104,761 | +14.1% |
| Equity | 10/15 | €464,974 | €632,160 | +€167,185 | +36.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €55,206 | €55,206 | = | 0.0% |
| Reserves | 13 | €49,555 | €49,555 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €43,355 | €43,355 | = | 0.0% |
| Profit (loss) carried forward | 14 | €298,214 | €465,399 | +€167,185 | +56.1% |
| Amounts payable | 17/49 | €280,310 | €217,886 | -€62,424 | -22.3% |
| Amounts payable within one year | 42/48 | €279,923 | €217,185 | -€62,737 | -22.4% |
| Trade debts | 44 | €14,771 | €14,549 | -€222 | -1.5% |
| Suppliers | 440/4 | €14,771 | €14,549 | -€222 | -1.5% |
| Taxes, remuneration and social security | 45 | €127,652 | €169,836 | +€42,184 | +33.0% |
| Taxes | 450/3 | €42,098 | €69,796 | +€27,698 | +65.8% |
| Remuneration and social security | 454/9 | €85,554 | €100,040 | +€14,486 | +16.9% |
| Other amounts payable | 47/48 | €137,500 | €32,800 | -€104,700 | -76.1% |
| Accrued charges and deferred income | 492/3 | €387 | €701 | +€313 | +80.9% |
| Remuneration, social security and pensions | 62 | €670,789 | €789,379 | +€118,591 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,612 | €100,815 | +€1,203 | +1.2% |
| Other operating charges | 640/8 | €12,048 | €12,592 | +€545 | +4.5% |
| Gross operating margin | 9900 | €834,313 | €911,545 | +€77,232 | +9.3% |
| Operating profit (loss) | 9901 | €51,864 | €8,758 | -€43,106 | -83.1% |
| Financial income | 75/76B | - | €167,400 | +€167,400 | |
| Recurring financial income | 75 | - | €167,400 | +€167,400 | |
| Financial charges | 65/66B | €439 | €436 | -€3 | -0.8% |
| Recurring financial charges | 65 | €439 | €436 | -€3 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €51,425 | €175,722 | +€124,297 | +241.7% |
| Income taxes | 67/77 | €17,946 | €8,537 | -€9,409 | -52.4% |
| Profit (loss) for the period | 9904 | €33,479 | €167,185 | +€133,706 | +399.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,479 | €167,185 | +€133,706 | +399.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.