LEFEVER: 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.
LEFEVER
Largest movements
- Current investments +€1.0m
new in 2025: €1.0m
- Cash -€966,087
down €966,087 (-77.3%), from €1.3m to €283,944
mainly Current investments (-€1.0m) and Other debts (-€8,294)
- Reserves +€40,366
up €40,366 (+4.0%), from €1.0m to €1.1m
of which Distributable reserves: +€40,366
- Financial income +€4,515
new in 2025: €4,515
- Gross operating margin +€3,514
up €3,514 (+6.4%), from €54,956 to €58,470
- Taxes +€3,094
up €3,094 (+19.6%), from €15,744 to €18,837
- Other operating charges -€1,795
down €1,795 (-35.4%), from €5,065 to €3,270
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 | €2,750,593 | €2,783,493 | +€32,900 | +1.2% |
| Fixed assets | 21/28 | €1,350,152 | €1,349,774 | -€378 | 0.0% |
| Tangible fixed assets | 22/27 | €74,746 | €74,368 | -€378 | -0.5% |
| Land and buildings | 22 | €74,368 | €74,368 | = | 0.0% |
| Plant, machinery and equipment | 23 | €233 | €0 | -€233 | -100% |
| Furniture and vehicles | 24 | €145 | €0 | -€145 | -100% |
| Financial fixed assets | 28 | €1,275,406 | €1,275,406 | = | 0.0% |
| Current assets | 29/58 | €1,400,441 | €1,433,719 | +€33,278 | +2.4% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €103,409 | €99,614 | -€3,795 | -3.7% |
| Trade receivables | 40 | €1,907 | €6,851 | +€4,944 | +259% |
| Other amounts receivable | 41 | €101,502 | €92,763 | -€8,739 | -8.6% |
| Current investments | 50/53 | - | €1,003,161 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €1,250,032 | €283,944 | -€966,087 | -77.3% |
| Deferred charges and accrued income | 490/1 | €42,000 | €42,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,750,593 | €2,783,493 | +€32,900 | +1.2% |
| Equity | 10/15 | €1,071,901 | €1,112,267 | +€40,366 | +3.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,010,401 | €1,050,767 | +€40,366 | +4.0% |
| Non-distributable reserves | 130/1 | €46,554 | €46,554 | = | 0.0% |
| Legal reserve | 130 | €46,554 | €46,554 | = | 0.0% |
| Distributable reserves | 133 | €963,847 | €1,004,213 | +€40,366 | +4.2% |
| Amounts payable | 17/49 | €1,678,691 | €1,671,226 | -€7,466 | -0.4% |
| Amounts payable after more than one year | 17 | €584,216 | €584,216 | = | 0.0% |
| Other amounts payable | 178/9 | €584,216 | €584,216 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,094,475 | €1,087,010 | -€7,466 | -0.7% |
| Trade debts | 44 | €0 | €1,125 | +€1,125 | |
| Suppliers | 440/4 | €0 | €1,125 | +€1,125 | |
| Taxes, remuneration and social security | 45 | €749 | €452 | -€297 | -39.7% |
| Taxes | 450/3 | €749 | €452 | -€297 | -39.7% |
| Other amounts payable | 47/48 | €1,093,726 | €1,085,432 | -€8,294 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €492 | €378 | -€115 | -23.3% |
| Other operating charges | 640/8 | €5,065 | €3,270 | -€1,795 | -35.4% |
| Gross operating margin | 9900 | €54,956 | €58,470 | +€3,514 | +6.4% |
| Operating profit (loss) | 9901 | €49,398 | €54,822 | +€5,424 | +11.0% |
| Financial income | 75/76B | - | €4,515 | +€4,515 | |
| Recurring financial income | 75 | - | €4,515 | +€4,515 | |
| Financial charges | 65/66B | €222 | €134 | -€88 | -39.5% |
| Recurring financial charges | 65 | €222 | €134 | -€88 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €49,176 | €59,203 | +€10,027 | +20.4% |
| Income taxes | 67/77 | €15,744 | €18,837 | +€3,094 | +19.6% |
| Profit (loss) for the period | 9904 | €33,433 | €40,366 | +€6,933 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,433 | €40,366 | +€6,933 | +20.7% |
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 18 October 2026 via checked.be.