LEFEVER-VALLAEYS: 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-VALLAEYS
Largest movements
- Current investments +€800,000
new in 2024: €800,000
- Tangible fixed assets +€425,806
up €425,806 (+40.8%), from €1.0m to €1.5m
of which Leasing and similar rights: +€458,100
- Cash -€354,338
down €354,338 (-63.2%), from €560,873 to €206,534
mainly Current investments (-€800,000) and Investment in fixed assets (net) (-€684,630)
- Receivables within one year -€123,676
down €123,676 (-10.4%), from €1.2m to €1.1m
of which Trade receivables: -€257,714
- Reserves +€525,471
up €525,471 (+47.3%), from €1.1m to €1.6m
of which Distributable reserves: +€525,471
- Debts after one year +€300,687
up €300,687 (+40.6%), from €740,978 to €1.0m
- Trade debts -€190,230
down €190,230 (-71.2%), from €267,164 to €76,934
- Tax, wage and social debts +€113,109
up €113,109 (+32.1%), from €352,310 to €465,419
of which Taxes: +€73,905
- Current portion of long-term debt +€45,984
up €45,984 (+28.3%), from €162,329 to €208,313
- Depreciation +€109,442
up €109,442 (+75.8%), from €144,382 to €253,824
- Staff costs +€81,272
up €81,272 (+14.1%), from €576,713 to €657,985
- Taxes -€78,179
down €78,179 (-25.2%), from €309,636 to €231,457
- Financial income +€23,007
up €23,007 (+188.5%), from €12,208 to €35,215
- Financial charges +€19,735
up €19,735 (+88.6%), from €22,281 to €42,016
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,839,160 | €3,589,755 | +€750,595 | +26.4% |
| Fixed assets | 21/28 | €1,043,837 | €1,474,643 | +€430,806 | +41.3% |
| Tangible fixed assets | 22/27 | €1,042,892 | €1,468,698 | +€425,806 | +40.8% |
| Land and buildings | 22 | €320,443 | €301,345 | -€19,097 | -6.0% |
| Plant, machinery and equipment | 23 | €52,146 | €56,237 | +€4,091 | +7.8% |
| Furniture and vehicles | 24 | €670,303 | €653,016 | -€17,287 | -2.6% |
| Leasing and similar rights | 25 | - | €458,100 | +€458,100 | |
| Financial fixed assets | 28 | €945 | €5,945 | +€5,000 | +529.1% |
| Current assets | 29/58 | €1,795,323 | €2,115,112 | +€319,789 | +17.8% |
| Amounts receivable within one year | 40/41 | €1,188,599 | €1,064,923 | -€123,676 | -10.4% |
| Trade receivables | 40 | €927,073 | €669,360 | -€257,714 | -27.8% |
| Other amounts receivable | 41 | €261,526 | €395,563 | +€134,038 | +51.3% |
| Current investments | 50/53 | - | €800,000 | +€800,000 | |
| Cash at bank and in hand | 54/58 | €560,873 | €206,534 | -€354,338 | -63.2% |
| Deferred charges and accrued income | 490/1 | €45,852 | €43,655 | -€2,197 | -4.8% |
| Total equity and liabilities | 10/49 | €2,839,160 | €3,589,755 | +€750,595 | +26.4% |
| Equity | 10/15 | €1,270,993 | €1,796,464 | +€525,471 | +41.3% |
| Contributions | 10/11 | €160,687 | €160,687 | = | 0.0% |
| Reserves | 13 | €1,110,306 | €1,635,777 | +€525,471 | +47.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,110,306 | €1,635,777 | +€525,471 | +47.3% |
| Amounts payable | 17/49 | €1,568,167 | €1,793,292 | +€225,124 | +14.4% |
| Amounts payable after more than one year | 17 | €740,978 | €1,041,665 | +€300,687 | +40.6% |
| Financial debts | 170/4 | €740,978 | €1,041,665 | +€300,687 | +40.6% |
| Amounts payable within one year | 42/48 | €827,189 | €750,800 | -€76,390 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €162,329 | €208,313 | +€45,984 | +28.3% |
| Trade debts | 44 | €267,164 | €76,934 | -€190,230 | -71.2% |
| Suppliers | 440/4 | €267,164 | €76,934 | -€190,230 | -71.2% |
| Advances received on contracts in progress | 46 | - | €133 | +€133 | |
| Taxes, remuneration and social security | 45 | €352,310 | €465,419 | +€113,109 | +32.1% |
| Taxes | 450/3 | €335,378 | €409,283 | +€73,905 | +22.0% |
| Remuneration and social security | 454/9 | €16,932 | €56,136 | +€39,205 | +231.5% |
| Other amounts payable | 47/48 | €45,386 | €0 | -€45,386 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €827 | +€827 | |
| Non-recurring operating income | 76A | - | €8,921 | +€8,921 | |
| Remuneration, social security and pensions | 62 | €576,713 | €657,985 | +€81,272 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,382 | €253,824 | +€109,442 | +75.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,914 | €8,082 | +€5,167 | +177.3% |
| Other operating charges | 640/8 | €19,384 | €19,518 | +€134 | +0.7% |
| Gross operating margin | 9900 | €1,699,231 | €1,703,138 | +€3,907 | +0.2% |
| Operating profit (loss) | 9901 | €955,837 | €763,729 | -€192,108 | -20.1% |
| Financial income | 75/76B | €12,208 | €35,215 | +€23,007 | +188.5% |
| Recurring financial income | 75 | €12,208 | €35,215 | +€23,007 | +188.5% |
| Financial charges | 65/66B | €22,281 | €42,016 | +€19,735 | +88.6% |
| Recurring financial charges | 65 | €22,281 | €42,016 | +€19,735 | +88.6% |
| Profit (loss) for the period before taxes | 9903 | €945,764 | €756,928 | -€188,836 | -20.0% |
| Income taxes | 67/77 | €309,636 | €231,457 | -€78,179 | -25.2% |
| Profit (loss) for the period | 9904 | €636,128 | €525,471 | -€110,657 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €636,128 | €525,471 | -€110,657 | -17.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.