LEFEVER: 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.
LEFEVER
Largest movements
- Cash +€62,618
up €62,618 (+141.0%), from €44,406 to €107,024
mainly Net result for the year (+€49,700) and Depreciation (+€32,258)
- Receivables within one year -€18,182
down €18,182 (-20.8%), from €87,213 to €69,032
of which Trade receivables: -€17,989
- Tangible fixed assets -€16,798
down €16,798 (-6.4%), from €263,883 to €247,085
of which Land and buildings: -€26,389
- Profit (loss) carried forward +€34,700
up €34,700, from -€34,547 to €153
- Debts after one year -€28,378
down €28,378 (-14.4%), from €197,378 to €169,000
- Reserves +€14,000
up €14,000 (+22.8%), from €61,343 to €75,343
- Tax, wage and social debts +€4,994
up €4,994 (+27.4%), from €18,238 to €23,232
- Financial charges -€80,897
down €80,897 (-90.7%), from €89,205 to €8,308
- Gross operating margin +€26,379
up €26,379 (+31.4%), from €84,033 to €110,411
- Taxes +€7,948
up €7,948 (+105.7%), from €7,521 to €15,469
- Financial income -€6,690
down €6,690 (-94.7%), from €7,065 to €374
- Depreciation -€3,690
down €3,690 (-10.3%), from €35,948 to €32,258
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 | €439,766 | €463,292 | +€23,527 | +5.3% |
| Fixed assets | 21/28 | €265,085 | €247,777 | -€17,308 | -6.5% |
| Intangible fixed assets | 21 | €1,202 | €692 | -€510 | -42.4% |
| Tangible fixed assets | 22/27 | €263,883 | €247,085 | -€16,798 | -6.4% |
| Land and buildings | 22 | €249,953 | €223,564 | -€26,389 | -10.6% |
| Plant, machinery and equipment | 23 | €9,469 | €20,415 | +€10,946 | +115.6% |
| Furniture and vehicles | 24 | €4,461 | €3,106 | -€1,355 | -30.4% |
| Current assets | 29/58 | €174,681 | €215,516 | +€40,835 | +23.4% |
| Amounts receivable within one year | 40/41 | €87,213 | €69,032 | -€18,182 | -20.8% |
| Trade receivables | 40 | €86,911 | €68,922 | -€17,989 | -20.7% |
| Other amounts receivable | 41 | €303 | €110 | -€193 | -63.7% |
| Current investments | 50/53 | €40,372 | €38,109 | -€2,262 | -5.6% |
| Cash at bank and in hand | 54/58 | €44,406 | €107,024 | +€62,618 | +141.0% |
| Deferred charges and accrued income | 490/1 | €2,689 | €1,350 | -€1,339 | -49.8% |
| Total equity and liabilities | 10/49 | €439,766 | €463,292 | +€23,527 | +5.3% |
| Equity | 10/15 | €180,396 | €229,096 | +€48,700 | +27.0% |
| Contributions | 10/11 | €153,600 | €153,600 | = | 0.0% |
| Reserves | 13 | €61,343 | €75,343 | +€14,000 | +22.8% |
| Distributable reserves | 133 | €61,343 | €75,343 | +€14,000 | +22.8% |
| Profit (loss) carried forward | 14 | -€34,547 | €153 | +€34,700 | |
| Amounts payable | 17/49 | €259,369 | €234,196 | -€25,174 | -9.7% |
| Amounts payable after more than one year | 17 | €197,378 | €169,000 | -€28,378 | -14.4% |
| Financial debts | 170/4 | €197,378 | €169,000 | -€28,378 | -14.4% |
| Amounts payable within one year | 42/48 | €61,991 | €65,196 | +€3,205 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €27,345 | €28,378 | +€1,033 | +3.8% |
| Trade debts | 44 | €16,389 | €13,172 | -€3,218 | -19.6% |
| Suppliers | 440/4 | €16,389 | €13,172 | -€3,218 | -19.6% |
| Taxes, remuneration and social security | 45 | €18,238 | €23,232 | +€4,994 | +27.4% |
| Taxes | 450/3 | €18,238 | €23,232 | +€4,994 | +27.4% |
| Other amounts payable | 47/48 | €18 | €414 | +€395 | +2141.9% |
| Non-recurring operating income | 76A | €426 | - | -€426 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,948 | €32,258 | -€3,690 | -10.3% |
| Other operating charges | 640/8 | €5,007 | €5,050 | +€43 | +0.9% |
| Gross operating margin | 9900 | €84,033 | €110,411 | +€26,379 | +31.4% |
| Operating profit (loss) | 9901 | €43,077 | €73,103 | +€30,026 | +69.7% |
| Financial income | 75/76B | €7,065 | €374 | -€6,690 | -94.7% |
| Recurring financial income | 75 | €7,065 | €374 | -€6,690 | -94.7% |
| Financial charges | 65/66B | €89,205 | €8,308 | -€80,897 | -90.7% |
| Recurring financial charges | 65 | €89,205 | €8,308 | -€80,897 | -90.7% |
| Profit (loss) for the period before taxes | 9903 | -€39,063 | €65,169 | +€104,233 | |
| Income taxes | 67/77 | €7,521 | €15,469 | +€7,948 | +105.7% |
| Profit (loss) for the period | 9904 | -€46,584 | €49,700 | +€96,284 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,584 | €49,700 | +€96,284 |
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 3 October 2026 via checked.be.