LEFEBVRE SAILMAKERS: 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.
LEFEBVRE SAILMAKERS
Largest movements
- Cash +€15,991
up €15,991 (+135%), from €11,881 to €27,872
mainly Net result for the year (+€36,309) and Tax, wage and social debts (+€8,811)
- Receivables within one year +€15,962
up €15,962 (+149%), from €10,706 to €26,668
of which Trade receivables: +€18,898
- Tangible fixed assets -€7,945
down €7,945 (-29.6%), from €26,834 to €18,889
of which Furniture and vehicles: -€5,172
- Stocks and contracts -€4,635
down €4,635 (-4.5%), from €104,035 to €99,400
- Deferred charges and accrued income +€2,143
up €2,143 (+263%), from €816 to €2,958
- Debts after one year -€24,644
down €24,644 (-21.0%), from €117,223 to €92,579
of which Other amounts payable: -€18,536
- Profit (loss) carried forward +€22,627
up €22,627, from -€22,627 to €0
- Reserves +€13,681
up €13,681 (+1,313%), from €1,042 to €14,723
- Tax, wage and social debts +€8,811
up €8,811 (+102%), from €8,657 to €17,468
of which Taxes: +€8,376
- Advances received -€8,800
down €8,800 (-100%), from €8,800 to €0
- Gross operating margin +€64,543
up €64,543 (+111%), from €58,140 to €122,682
- Taxes +€7,237
up €7,237 (+5,453%), from €133 to €7,369
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 | €159,999 | €181,515 | +€21,516 | +13.4% |
| Fixed assets | 21/28 | €32,561 | €24,616 | -€7,945 | -24.4% |
| Tangible fixed assets | 22/27 | €26,834 | €18,889 | -€7,945 | -29.6% |
| Plant, machinery and equipment | 23 | €4,138 | €1,612 | -€2,526 | -61.0% |
| Furniture and vehicles | 24 | €22,450 | €17,277 | -€5,172 | -23.0% |
| Other tangible fixed assets | 26 | €247 | €0 | -€247 | -100% |
| Financial fixed assets | 28 | €5,727 | €5,727 | = | 0.0% |
| Current assets | 29/58 | €127,438 | €156,899 | +€29,461 | +23.1% |
| Stocks and contracts in progress | 3 | €104,035 | €99,400 | -€4,635 | -4.5% |
| Stocks | 30/36 | €104,035 | €99,400 | -€4,635 | -4.5% |
| Amounts receivable within one year | 40/41 | €10,706 | €26,668 | +€15,962 | +149% |
| Trade receivables | 40 | €3,140 | €22,038 | +€18,898 | +602% |
| Other amounts receivable | 41 | €7,567 | €4,631 | -€2,936 | -38.8% |
| Cash at bank and in hand | 54/58 | €11,881 | €27,872 | +€15,991 | +135% |
| Deferred charges and accrued income | 490/1 | €816 | €2,958 | +€2,143 | +263% |
| Total equity and liabilities | 10/49 | €159,999 | €181,515 | +€21,516 | +13.4% |
| Equity | 10/15 | -€19,085 | €17,223 | +€36,309 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €1,042 | €14,723 | +€13,681 | +1,313% |
| Distributable reserves | 133 | €1,042 | €14,723 | +€13,681 | +1,313% |
| Profit (loss) carried forward | 14 | -€22,627 | €0 | +€22,627 | |
| Amounts payable | 17/49 | €179,084 | €164,292 | -€14,793 | -8.3% |
| Amounts payable after more than one year | 17 | €117,223 | €92,579 | -€24,644 | -21.0% |
| Financial debts | 170/4 | €14,149 | €8,041 | -€6,108 | -43.2% |
| Other amounts payable | 178/9 | €103,074 | €84,538 | -€18,536 | -18.0% |
| Amounts payable within one year | 42/48 | €61,861 | €69,796 | +€7,935 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €5,833 | €6,108 | +€275 | +4.7% |
| Financial debts | 43 | - | €8,000 | +€8,000 | |
| Credit institutions | 430/8 | - | €8,000 | +€8,000 | |
| Trade debts | 44 | €38,572 | €38,220 | -€351 | -0.9% |
| Suppliers | 440/4 | €38,572 | €38,220 | -€351 | -0.9% |
| Advances received on contracts in progress | 46 | €8,800 | €0 | -€8,800 | -100% |
| Taxes, remuneration and social security | 45 | €8,657 | €17,468 | +€8,811 | +102% |
| Taxes | 450/3 | €462 | €8,838 | +€8,376 | +1,812% |
| Remuneration and social security | 454/9 | €8,195 | €8,630 | +€436 | +5.3% |
| Accrued charges and deferred income | 492/3 | - | €1,917 | +€1,917 | |
| Remuneration, social security and pensions | 62 | €62,861 | €63,729 | +€868 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,946 | €8,033 | -€913 | -10.2% |
| Other operating charges | 640/8 | €1,240 | €1,514 | +€273 | +22.0% |
| Gross operating margin | 9900 | €58,140 | €122,682 | +€64,543 | +111% |
| Operating profit (loss) | 9901 | -€14,908 | €49,407 | +€64,315 | |
| Financial income | 75/76B | €188 | €125 | -€63 | -33.3% |
| Recurring financial income | 75 | €188 | €125 | -€63 | -33.3% |
| Financial charges | 65/66B | €6,686 | €5,855 | -€832 | -12.4% |
| Recurring financial charges | 65 | €6,686 | €5,855 | -€832 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,406 | €43,678 | +€65,084 | |
| Income taxes | 67/77 | €133 | €7,369 | +€7,237 | +5,453% |
| Profit (loss) for the period | 9904 | -€21,539 | €36,309 | +€57,847 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,539 | €36,309 | +€57,847 |
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 19 October 2026 via checked.be.