LEFEBVRE-VANDELANNOITTE: 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-VANDELANNOITTE
Largest movements
- Cash +€15,642
up €15,642 (+31.0%), from €50,516 to €66,158
mainly Net result for the year (+€11,807) and Depreciation (+€11,539)
- Tangible fixed assets -€6,869
down €6,869 (-8.9%), from €77,532 to €70,663
- Reserves +€11,807
up €11,807 (+14.9%), from €79,119 to €90,926
of which Distributable reserves: +€11,807
- Debts after one year -€7,902
down €7,902 (-17.7%), from €44,745 to €36,843
- Trade debts +€3,245
up €3,245 (+161%), from €2,017 to €5,262
- Gross operating margin -€795
down €795 (-2.5%), from €31,226 to €30,431
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,765 | €153,870 | +€8,105 | +5.6% |
| Fixed assets | 21/28 | €77,532 | €70,663 | -€6,869 | -8.9% |
| Tangible fixed assets | 22/27 | €77,532 | €70,663 | -€6,869 | -8.9% |
| Land and buildings | 22 | €77,532 | €70,663 | -€6,869 | -8.9% |
| Current assets | 29/58 | €68,232 | €83,207 | +€14,974 | +21.9% |
| Amounts receivable within one year | 40/41 | €14,046 | €13,776 | -€270 | -1.9% |
| Trade receivables | 40 | €8,470 | €8,470 | = | 0.0% |
| Other amounts receivable | 41 | €5,576 | €5,306 | -€270 | -4.8% |
| Cash at bank and in hand | 54/58 | €50,516 | €66,158 | +€15,642 | +31.0% |
| Deferred charges and accrued income | 490/1 | €3,671 | €3,273 | -€398 | -10.8% |
| Total equity and liabilities | 10/49 | €145,765 | €153,870 | +€8,105 | +5.6% |
| Equity | 10/15 | €85,319 | €97,126 | +€11,807 | +13.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79,119 | €90,926 | +€11,807 | +14.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €79,119 | €90,926 | +€11,807 | +14.9% |
| Amounts payable | 17/49 | €60,446 | €56,743 | -€3,703 | -6.1% |
| Amounts payable after more than one year | 17 | €44,745 | €36,843 | -€7,902 | -17.7% |
| Financial debts | 170/4 | €44,745 | €36,843 | -€7,902 | -17.7% |
| Amounts payable within one year | 42/48 | €14,971 | €19,822 | +€4,851 | +32.4% |
| Current portion of amounts payable after more than one year | 42 | €7,747 | €8,554 | +€807 | +10.4% |
| Trade debts | 44 | €2,017 | €5,262 | +€3,245 | +161% |
| Suppliers | 440/4 | €2,017 | €5,262 | +€3,245 | +161% |
| Taxes, remuneration and social security | 45 | €5,208 | €6,007 | +€799 | +15.3% |
| Taxes | 450/3 | €3,408 | €4,207 | +€799 | +23.5% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €730 | €78 | -€652 | -89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,539 | €11,539 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,606 | €1,453 | -€153 | -9.5% |
| Gross operating margin | 9900 | €31,226 | €30,431 | -€795 | -2.5% |
| Operating profit (loss) | 9901 | €18,082 | €17,440 | -€642 | -3.5% |
| Financial income | 75/76B | €0 | €294 | +€294 | |
| Recurring financial income | 75 | €0 | €294 | +€294 | |
| Financial charges | 65/66B | €1,369 | €1,156 | -€213 | -15.6% |
| Recurring financial charges | 65 | €1,369 | €1,156 | -€213 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €16,712 | €16,578 | -€135 | -0.8% |
| Income taxes | 67/77 | €4,836 | €4,770 | -€66 | -1.4% |
| Profit (loss) for the period | 9904 | €11,876 | €11,807 | -€68 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,876 | €11,807 | -€68 | -0.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.