LEFEBVRE ENGINEERING: 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 ENGINEERING
Largest movements
- Tangible fixed assets +€76,555
up €76,555 (+41.0%), from €186,498 to €263,053
of which Furniture and vehicles: +€80,715
- Receivables within one year +€72,132
up €72,132 (+32.3%), from €223,457 to €295,589
of which Trade receivables: +€49,022
- Advances received +€132,373
new in 2025: €132,373
- Accrued charges and deferred income -€115,774
no longer reported in 2025 (was €115,774)
- Other debts +€103,737
new in 2025: €103,737
- Reserves -€65,399
down €65,399 (-27.9%), from €234,317 to €168,919
of which Distributable reserves: -€65,399
- Debts after one year +€65,103
up €65,103 (+74.9%), from €86,871 to €151,974
- Depreciation +€39,134
up €39,134 (+179.2%), from €21,839 to €60,973
- Gross operating margin +€28,260
up €28,260 (+15.4%), from €183,059 to €211,319
- Financial charges +€5,798
up €5,798 (+166.1%), from €3,490 to €9,288
- Other operating charges -€4,300
down €4,300 (-66.1%), from €6,506 to €2,206
- Financial income -€4,240
down €4,240 (-99.0%), from €4,282 to €42
of which Non-recurring financial income: -€4,154
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 | €1,054,057 | €1,198,021 | +€143,964 | +13.7% |
| Fixed assets | 21/28 | €195,623 | €272,178 | +€76,555 | +39.1% |
| Tangible fixed assets | 22/27 | €186,498 | €263,053 | +€76,555 | +41.0% |
| Land and buildings | 22 | €10,011 | €6,589 | -€3,422 | -34.2% |
| Plant, machinery and equipment | 23 | €3,601 | €2,863 | -€738 | -20.5% |
| Furniture and vehicles | 24 | €172,886 | €253,601 | +€80,715 | +46.7% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €9,125 | €9,125 | = | 0.0% |
| Current assets | 29/58 | €858,434 | €925,843 | +€67,409 | +7.9% |
| Amounts receivable within one year | 40/41 | €223,457 | €295,589 | +€72,132 | +32.3% |
| Trade receivables | 40 | €102,143 | €151,165 | +€49,022 | +48.0% |
| Other amounts receivable | 41 | €121,314 | €144,424 | +€23,110 | +19.0% |
| Current investments | 50/53 | €123,924 | €123,924 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €506,606 | €502,662 | -€3,944 | -0.8% |
| Deferred charges and accrued income | 490/1 | €4,448 | €3,669 | -€779 | -17.5% |
| Total equity and liabilities | 10/49 | €1,054,057 | €1,198,021 | +€143,964 | +13.7% |
| Equity | 10/15 | €582,909 | €517,511 | -€65,399 | -11.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €234,317 | €168,919 | -€65,399 | -27.9% |
| Non-distributable reserves | 130/1 | €23,997 | €23,997 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,138 | €22,138 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,721 | €7,721 | = | 0.0% |
| Distributable reserves | 133 | €202,600 | €137,201 | -€65,399 | -32.3% |
| Profit (loss) carried forward | 14 | €330,000 | €330,000 | = | 0.0% |
| Amounts payable | 17/49 | €471,148 | €680,511 | +€209,363 | +44.4% |
| Amounts payable after more than one year | 17 | €86,871 | €151,974 | +€65,103 | +74.9% |
| Financial debts | 170/4 | €86,871 | €151,974 | +€65,103 | +74.9% |
| Amounts payable within one year | 42/48 | €268,503 | €528,537 | +€260,034 | +96.8% |
| Current portion of amounts payable after more than one year | 42 | €56,630 | €59,278 | +€2,648 | +4.7% |
| Financial debts | 43 | €10,000 | €30,000 | +€20,000 | +200.0% |
| Credit institutions | 430/8 | €10,000 | €30,000 | +€20,000 | +200.0% |
| Trade debts | 44 | €178,447 | €197,080 | +€18,633 | +10.4% |
| Suppliers | 440/4 | €178,447 | €197,080 | +€18,633 | +10.4% |
| Advances received on contracts in progress | 46 | - | €132,373 | +€132,373 | |
| Taxes, remuneration and social security | 45 | €23,426 | €6,069 | -€17,358 | -74.1% |
| Taxes | 450/3 | €16,567 | - | -€16,567 | |
| Remuneration and social security | 454/9 | €6,859 | €6,069 | -€791 | -11.5% |
| Other amounts payable | 47/48 | - | €103,737 | +€103,737 | |
| Accrued charges and deferred income | 492/3 | €115,774 | - | -€115,774 | |
| Remuneration, social security and pensions | 62 | €67,857 | €69,069 | +€1,212 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,839 | €60,973 | +€39,134 | +179.2% |
| Other operating charges | 640/8 | €6,506 | €2,206 | -€4,300 | -66.1% |
| Gross operating margin | 9900 | €183,059 | €211,319 | +€28,260 | +15.4% |
| Operating profit (loss) | 9901 | €86,857 | €79,071 | -€7,786 | -9.0% |
| Financial income | 75/76B | €4,282 | €42 | -€4,240 | -99.0% |
| Recurring financial income | 75 | €128 | €42 | -€86 | -67.3% |
| Non-recurring financial income | 76B | €4,154 | - | -€4,154 | |
| Financial charges | 65/66B | €3,490 | €9,288 | +€5,798 | +166.1% |
| Recurring financial charges | 65 | €3,490 | €9,288 | +€5,798 | +166.1% |
| Profit (loss) for the period before taxes | 9903 | €87,650 | €69,825 | -€17,825 | -20.3% |
| Income taxes | 67/77 | €27,892 | €23,887 | -€4,005 | -14.4% |
| Profit (loss) for the period | 9904 | €59,758 | €45,938 | -€13,820 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,758 | €45,938 | -€13,820 | -23.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.