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 +€94,675
up €94,675 (+26.9%), from €352,361 to €447,036
mainly Depreciation (+€100,495) and Net result for the year (+€77,170)
- Tangible fixed assets -€54,117
down €54,117 (-7.1%), from €765,296 to €711,179
- Reserves +€77,170
up €77,170 (+9.7%), from €793,041 to €870,211
of which Distributable reserves: +€77,170
- Debts after one year -€28,913
down €28,913 (-17.8%), from €162,679 to €133,766
- Current portion of long-term debt -€18,374
down €18,374 (-38.9%), from €47,287 to €28,913
- Tax, wage and social debts +€17,077
up €17,077 (+32.0%), from €53,431 to €70,509
of which Taxes: +€14,553
- Gross operating margin +€52,502
up €52,502 (+15.3%), from €343,473 to €395,974
- Staff costs +€11,859
up €11,859 (+7.9%), from €149,369 to €161,228
- Other operating charges +€10,249
up €10,249 (+131.7%), from €7,785 to €18,034
- Taxes +€8,474
up €8,474 (+35.5%), from €23,842 to €32,316
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 | €1,153,528 | €1,206,570 | +€53,043 | +4.6% |
| Fixed assets | 21/28 | €765,848 | €711,732 | -€54,117 | -7.1% |
| Tangible fixed assets | 22/27 | €765,296 | €711,179 | -€54,117 | -7.1% |
| Land and buildings | 22 | €536,600 | €515,407 | -€21,193 | -3.9% |
| Plant, machinery and equipment | 23 | €15,267 | €14,021 | -€1,246 | -8.2% |
| Furniture and vehicles | 24 | €154,212 | €133,277 | -€20,935 | -13.6% |
| Other tangible fixed assets | 26 | €59,217 | €48,475 | -€10,743 | -18.1% |
| Financial fixed assets | 28 | €552 | €552 | = | 0.0% |
| Current assets | 29/58 | €387,680 | €494,839 | +€107,159 | +27.6% |
| Amounts receivable within one year | 40/41 | €17,368 | €28,821 | +€11,452 | +65.9% |
| Trade receivables | 40 | €14,937 | €26,588 | +€11,651 | +78.0% |
| Other amounts receivable | 41 | €2,431 | €2,233 | -€198 | -8.2% |
| Cash at bank and in hand | 54/58 | €352,361 | €447,036 | +€94,675 | +26.9% |
| Deferred charges and accrued income | 490/1 | €17,950 | €18,982 | +€1,032 | +5.7% |
| Total equity and liabilities | 10/49 | €1,153,528 | €1,206,570 | +€53,043 | +4.6% |
| Equity | 10/15 | €806,041 | €883,211 | +€77,170 | +9.6% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €793,041 | €870,211 | +€77,170 | +9.7% |
| Tax-exempt reserves | 132 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €788,541 | €865,711 | +€77,170 | +9.8% |
| Amounts payable | 17/49 | €347,487 | €323,359 | -€24,128 | -6.9% |
| Amounts payable after more than one year | 17 | €162,679 | €133,766 | -€28,913 | -17.8% |
| Financial debts | 170/4 | €162,679 | €133,766 | -€28,913 | -17.8% |
| Amounts payable within one year | 42/48 | €181,783 | €184,865 | +€3,081 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €47,287 | €28,913 | -€18,374 | -38.9% |
| Trade debts | 44 | €19,945 | €28,661 | +€8,716 | +43.7% |
| Suppliers | 440/4 | €19,945 | €28,661 | +€8,716 | +43.7% |
| Advances received on contracts in progress | 46 | €1,380 | - | -€1,380 | |
| Taxes, remuneration and social security | 45 | €53,431 | €70,509 | +€17,077 | +32.0% |
| Taxes | 450/3 | €30,154 | €44,707 | +€14,553 | +48.3% |
| Remuneration and social security | 454/9 | €23,277 | €25,802 | +€2,525 | +10.8% |
| Other amounts payable | 47/48 | €59,739 | €56,782 | -€2,957 | -5.0% |
| Accrued charges and deferred income | 492/3 | €3,025 | €4,728 | +€1,704 | +56.3% |
| Remuneration, social security and pensions | 62 | €149,369 | €161,228 | +€11,859 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,178 | €100,495 | -€1,683 | -1.6% |
| Other operating charges | 640/8 | €7,785 | €18,034 | +€10,249 | +131.7% |
| Gross operating margin | 9900 | €343,473 | €395,974 | +€52,502 | +15.3% |
| Operating profit (loss) | 9901 | €84,141 | €116,218 | +€32,077 | +38.1% |
| Financial income | 75/76B | €182 | €2 | -€181 | -99.1% |
| Recurring financial income | 75 | €182 | €2 | -€181 | -99.1% |
| Financial charges | 65/66B | €6,277 | €6,733 | +€456 | +7.3% |
| Recurring financial charges | 65 | €6,277 | €6,733 | +€456 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €78,047 | €109,487 | +€31,440 | +40.3% |
| Income taxes | 67/77 | €23,842 | €32,316 | +€8,474 | +35.5% |
| Profit (loss) for the period | 9904 | €54,205 | €77,170 | +€22,966 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €54,205 | €77,170 | +€22,966 | +42.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.