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
- Cash +€110,814
up €110,814 (+104.6%), from €105,914 to €216,728
mainly Receivables within one year (+€85,632) and Trade debts (+€43,923)
- Receivables within one year -€85,632
down €85,632 (-89.9%), from €95,239 to €9,607
of which Trade receivables: -€84,824
- Tangible fixed assets +€4,282
up €4,282 (+1529.5%), from €280 to €4,562
of which Furniture and vehicles: +€4,562
- Trade debts +€43,923
up €43,923 (+338.3%), from €12,983 to €56,905
- Tax, wage and social debts -€12,456
down €12,456 (-31.6%), from €39,373 to €26,917
of which Taxes: -€7,456
- Reserves -€3,051
down €3,051 (-2.1%), from €142,834 to €139,784
- Gross operating margin -€89,246
down €89,246 (-74.7%), from €119,536 to €30,290
- Taxes -€27,028
down €27,028 (-76.3%), from €35,429 to €8,401
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 | €201,475 | €231,666 | +€30,191 | +15.0% |
| Fixed assets | 21/28 | €280 | €4,562 | +€4,282 | +1529.5% |
| Tangible fixed assets | 22/27 | €280 | €4,562 | +€4,282 | +1529.5% |
| Plant, machinery and equipment | 23 | €280 | - | -€280 | |
| Furniture and vehicles | 24 | - | €4,562 | +€4,562 | |
| Current assets | 29/58 | €201,195 | €227,104 | +€25,909 | +12.9% |
| Amounts receivable within one year | 40/41 | €95,239 | €9,607 | -€85,632 | -89.9% |
| Trade receivables | 40 | €88,612 | €3,788 | -€84,824 | -95.7% |
| Other amounts receivable | 41 | €6,627 | €5,819 | -€808 | -12.2% |
| Cash at bank and in hand | 54/58 | €105,914 | €216,728 | +€110,814 | +104.6% |
| Deferred charges and accrued income | 490/1 | €42 | €768 | +€727 | +1741.5% |
| Total equity and liabilities | 10/49 | €201,475 | €231,666 | +€30,191 | +15.0% |
| Equity | 10/15 | €149,034 | €145,984 | -€3,051 | -2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €142,834 | €139,784 | -€3,051 | -2.1% |
| Distributable reserves | 133 | €142,834 | €139,784 | -€3,051 | -2.1% |
| Amounts payable | 17/49 | €52,441 | €85,682 | +€33,241 | +63.4% |
| Amounts payable within one year | 42/48 | €52,441 | €85,682 | +€33,241 | +63.4% |
| Trade debts | 44 | €12,983 | €56,905 | +€43,923 | +338.3% |
| Suppliers | 440/4 | €12,983 | €56,905 | +€43,923 | +338.3% |
| Taxes, remuneration and social security | 45 | €39,373 | €26,917 | -€12,456 | -31.6% |
| Taxes | 450/3 | €34,373 | €26,917 | -€7,456 | -21.7% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | €85 | €1,860 | +€1,775 | +2091.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €291 | €520 | +€229 | +78.7% |
| Other operating charges | 640/8 | €761 | €1,287 | +€526 | +69.2% |
| Gross operating margin | 9900 | €119,536 | €30,290 | -€89,246 | -74.7% |
| Operating profit (loss) | 9901 | €118,484 | €28,484 | -€90,001 | -76.0% |
| Financial income | 75/76B | €56 | €90 | +€34 | +61.4% |
| Recurring financial income | 75 | €56 | €90 | +€34 | +61.4% |
| Financial charges | 65/66B | €595 | €509 | -€85 | -14.4% |
| Recurring financial charges | 65 | €595 | €509 | -€85 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €117,945 | €28,064 | -€89,881 | -76.2% |
| Income taxes | 67/77 | €35,429 | €8,401 | -€27,028 | -76.3% |
| Profit (loss) for the period | 9904 | €82,517 | €19,664 | -€62,853 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,517 | €19,664 | -€62,853 | -76.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.